NOT LISTED FOR SALE

4516 Cedar Ave S Minneapolis, MN 55407

Northrop Neighborhood

Estimated Value: $340,115 - $377,000

2 Beds
2 Baths
1,344 Sq Ft
$271/Sq Ft Est. Value

Last Sold August 16, 2019

Last sale price $298,000 $222 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $2,462/month

19 Days on Market

Highlights

  • 2 Car Detached Garage
  • Concrete Block With Brick
  • 1-Story Property

About This Home

As of August 2019

Charming side x side duplex in excellent Nokomis location! Located just a short walk to Lake Nokomis, Minnehaha Parkway, Hiawatha Golf Course, restaurants, coffee shop, shopping and more. Also has excellent access to Hwy 62, 35W, 494 & downtown Mpls. Stucco exterior, covered front entry, hardwood floors, archways, original birch cabinets, updated windows on main level, glass block window in basement, 2 car garage plus shed for lawn equipment. The character of this true side x side duplex along with it's great location make it a great fit for an owner occupant, or very easily rent-able for investor!

Last Listed By

Aaron Ritchie

Coldwell Banker Realty Listed on: 07/03/2019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,585

Year Built

  • Built in 1928

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 40x122

Parking

  • 2 Car Detached Garage

Home Design

  • Concrete Block With Brick
  • Stucco Exterior

Interior Spaces

  • 1,344 Sq Ft Home
  • 1-Story Property
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Gravity Heating System

Community Details

  • 2 Units
  • Gross Income $20,100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,585

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Class: MULTI-FAMILY (2-4 UNITS)
  • Accessible: None
  • Style: Duplex Side x Side
  • Construction Status: Previously Owned
  • Copyright Remarks: Yes
  • Legal Description: LOT 005 BLOCK 005 LAKE VIEW TERRACE ADDN TO MPLS
  • Municipality: Minneapolis
  • Section Number: 11
  • Year Built: 1928
  • Stories: 1 Story
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Number of Ranges: Two
  • Bedrooms: 2
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Basement: Full, Concrete Block
  • Price Per S Q F T: 221.73
  • Above Grade Finished Sq Ft: 1344
  • Room Types: Unit1 Bedroom 1, Unit1 Bedroom 2, Unit1 Bedroom 3, Unit1 Bedroom 4, Unit1 Dining Room, Unit1 Extra Room 1, Unit1 Extra Room 2, Unit1 Extra Room 3, Unit1 Extra Room 4, Unit1 Extra Room 5, Unit1 Extra Room 6, Unit1 Family Room, Unit1 Kitchen, Unit1 Living Room, Unit2 Bedroom 1, Unit2 Bedroom 2, Unit2 Bedroom 3, Unit2 Bedroom 4, Unit2 Dining Room, Unit2 Extra Room 1, Unit2 Extra Room 2, Unit2 Extra Room 3, Unit2 Extra Room 4, Unit2 Extra Room 5, Unit2 Extra Room 6, Unit2 Family Room, Unit2 Kitchen, Unit2 Living Room, Unit3 Bedroom 1, Unit3 Bedroom 2, Unit3 Bedroom 3, Unit3 Bedroom 4, Unit3 Dining Room, Unit3 Extra Room 1, Unit3 Extra Room 2, Unit3 Extra Room 3, Unit3 Extra Room 4, Unit3 Extra Room 5, Unit3 Extra Room 6, Unit3 Family Room, Unit3 Kitchen, Unit3 Living Room, Unit4 Bedroom 1, Unit4 Bedroom 2, Unit4 Bedroom 3, Unit4 Bedroom 4, Unit4 Dining Room, Unit4 Extra Room 1, Unit4 Extra Room 2, Unit4 Extra Room 3, Unit4 Extra Room 4, Unit4 Extra Room 5, Unit4 Extra Room 6, Unit4 Family Room, Unit4 Kitchen, Unit4 Living Room
  • Total Finished Sq Ft: 1344

Exterior Features

  • Waterfront Present: No
  • Construction Status: No
  • Exterior: Stucco
  • Foundation Size: 1344

Garage/Parking

  • Description: Detached Garage
  • Fuel: Natural Gas

Utilities

  • Garage Stalls: 2
  • Heating: Gravity
  • Sewer: City Sewer/Connected
  • Water: City Water/Connected

Association/Amenities

  • Complex/Development/Subdivision: Lake View Terrace Add

Schools

  • School District: Minneapolis
  • School District Number: 1
  • School District Phone: 612-668-0000

Lot Info

  • Acres: 0.11
  • Geo Update Timestamp: 2019-11-19
  • Assessment Pending: No
  • Homestead Description: Other
  • Lot Dimensions: 40x122
  • Lot Size Units: Acres

Green Features

  • Certification: No
  • Green Certified Status: Pending

Rental Info

  • Availability: Unavailable
  • Rental License: Yes
  • Rental License Type: Standard

Multi Family

  • Number Of Refrigerators: Two
  • Tenant Expenses: Cable T.V., Electricity, Fuel
  • Total Units: 2
  • Unit Type: Unit 1, Unit 2, Unit 3, Unit 4

Tax Info

  • Taxes: 4585
  • Tax With Assessments: 4585
  • Tax Year: 2019

MLS Schools

  • School District: 1 - Minneapolis
  • School District Name: Minneapolis

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 3, 2019
Closed on
Aug 16, 2019
Sold by
Hall Kyle D
Bought by
Wier Andrew P
Seller's Agent
Aaron Ritchie
Coldwell Banker Realty
List Price
$285,000
Sold Price
$298,000
Premium/Discount to List
$13,000
4.56%
Total Days on Market
19
Current Estimated Value
$364,529

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$66,529
Avg. Annual Appreciation
3.60%
Original Mortgage
$253,300
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 29, 2002
Sold by
Trott Paul T
Bought by
Hall Kyle D

Purchase Details

Closed on
Dec 7, 2000
Sold by
Kvanbeck James A
Bought by
Trott Paul T

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Wier Andrew P $298,000 All American Title Company
Hall Kyle D $219,900 --
Trott Paul T $115,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wier Andrew P $254,191
Closed Wier Andrew P $253,300
Previous Owner Hall Kyle D $148,000
Previous Owner Hall Kyle D $154,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/16/2019 08/16/19 Sold $298,000 +4.6% $222 / Sq Ft
07/22/2019 07/22/19 Pending -- -- --
07/03/2019 07/03/19 For Sale $285,000 -- $212 / Sq Ft
Source: NoCoast MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2023 $5,172 $324,000 $95,000 $229,000
2022 $3,550 $322,000 $85,000 $237,000
2021 $3,650 $268,000 $56,000 $212,000
2020 $3,477 $283,000 $70,800 $212,200
2019 $4,585 $252,500 $47,200 $205,300
2018 $4,173 $252,500 $47,200 $205,300
2017 $3,869 $206,500 $42,900 $163,600
2016 $3,678 $190,500 $42,900 $147,600
2015 $3,350 $165,500 $42,900 $122,600
2014 -- $154,500 $42,900 $111,600
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2019

    Aaron Ritchie

    Coldwell Banker Realty

    Aaron Ritchie
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Source: NoCoast MLS

MLS Number: 5258230

NoCoast MLS

APN: 11-028-24-44-0173

Minnesota Hennepin County Minneapolis 55407 Northrop

4516 Cedar Ave S, Minneapolis, MN

Homes for Sale in Minneapolis, MN

This home is located at 4516 Cedar Ave S, Minneapolis, MN 55407 since 03 July 2019 and is currently estimated at $364,529, approximately $271 per square foot. This property was built in 1928. 4516 Cedar Ave S is a home located in Hennepin County with nearby schools including Northrop Elementary School, Sanford Middle School, and Roosevelt Senior High School.

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