NOT LISTED FOR SALE

Estimated Value: $96,000 - $194,000

1 Bed
1 Bath
480 Sq Ft
$274/Sq Ft Est. Value

Last Sold November 26, 2024

Last sale price $95,000 $198 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $864/month

42 Days on Market

Highlights

  • No HOA
  • 1-Story Property
  • Hot Water Heating System

About This Home

As of November 2024

Home is a tear down. Value is in the land. Build your dream home on this 40'x122' lot in South Minneapolis. Not often an opportunity like this comes along! Close to everything. Dining, shopping, parks and lakes, you don't want to miss out on this one.

Last Listed By

Matthew Meek

Homefield Realty Listed on: 09/11/2024

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,562

Year Built

  • Built in 1925

Lot Details

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

Parking

  • 1 Car Garage

Interior Spaces

  • 480 Sq Ft Home
  • 1-Story Property
  • Partial Basement

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Utilities

  • Hot Water Heating System

Community Details

  • No Home Owners Association
  • Cedar Ave Park Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1202824330047

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,562

Year Built

Built in 1925

Lot Details

0

Parking

1

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: None
  • Garage Spaces: 1
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Year Built: 1925
  • Above Grade Finished Sq Ft: 480
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Partial
  • Living Area: 480
  • Fireplace: No
  • Basement YN: Yes

Beds/Baths

  • Total Bedrooms: 1
  • Three Quarter Bathrooms: 1

Exterior Features

  • Neighborhood: Ericsson

Garage/Parking

  • Parking Features: Detached
  • Garage Square Feet: 200

Utilities

  • Heating: Hot Water
  • Sewer: City Sewer/Connected
  • Fuel: Natural Gas

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Minneapolis
  • SchoolDistrictNumber: 1
  • SchoolDistrictPhone: 612-668-0000

Lot Info

  • PropertyAttachedYN: No
  • Lot Size: 40x122
  • Lot Size Sq Ft: 4791.6
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: Unknown
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Vinyl Siding

Tax Info

  • Tax Year: 2024
  • Assessor Parcel Number: 1202824330047
  • Tax Annual Amount: 1562
  • TaxWithAssessments: 1562.0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 11, 2024
Closed on
Nov 22, 2024
Sold by
Northern Realty Ventures Llc
Bought by
Olson Keith
Seller's Agent
Matthew Meek
Homefield Realty
Buyer's Agent
James Swanson
Coldwell Banker Realty
List Price
$109,000
Sold Price
$95,000
Premium/Discount to List
-$14,000
-12.84%
Total Days on Market
42
Views
149
Current Estimated Value
$131,744

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$36,744
Avg. Annual Appreciation
122.00%

Purchase Details

Closed on
Nov 28, 2023
Sold by
Johnigan Stephen
Bought by
The Huntington National Bank

Purchase Details

Closed on
Jan 17, 2002
Sold by
Ressman Marilyn R
Bought by
Johnigan Stephan T

Purchase Details

Closed on
Nov 17, 1998
Sold by
Hill David L
Bought by
Ressman Marilyn

Range of Values:

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Average Value
Not Available
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
Olson Kieth $95,000 --
Olson Keith $95,000 Titlesmart
The Huntington National Bank $36,000 --
Johnigan Stephan T $82,500 --
Ressman Marilyn $58,763 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Johnigan Stephen Tyrone $22,756
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/26/2024 11/26/24 Sold $95,000 -12.8% $198 / Sq Ft
10/23/2024 10/23/24 Pending -- -- --
09/11/2024 09/11/24 For Sale $109,000 -- $227 / Sq Ft
Source: NorthstarMLS

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 $1,562 $142,000 $107,000 $35,000
2022 $1,723 $142,000 $105,000 $37,000
2021 $1,257 $123,000 $64,000 $59,000
2020 $1,364 $117,500 $61,300 $56,200
2019 $1,671 $117,500 $46,500 $71,000
2018 $1,786 $107,000 $46,500 $60,500
2017 $1,432 $88,000 $42,300 $45,700
2016 $1,485 $88,000 $42,300 $45,700
2015 $1,654 $84,500 $42,300 $42,200
2014 -- $80,000 $42,300 $37,700
Source: Public Records

Agents Affiliated with this Home

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Source: NorthstarMLS

MLS Number: 6601010

NorthstarMLS

APN: 12-028-24-33-0047