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1324 Adams Street Northeast

1324 Adams Street Northeast, Minneapolis, MN 55413
Property in Logan Park
Sold Jun 22, 2011
$80,100
$120,000 by Drake Bank
Mortgage Due Nov 13, 2025
Sold Dec 05, 2002
$270,000
Local assessors in Minneapolis, MN have categorized 1324 Adams Street Northeast as a residential type of property. The home was built in 1900 and is 124 years old. The property's lot size has been calculated to be 5,227 square feet. The linear feet between the front and back of the lot was measured at 1,290 ft and the front of the lot was measured at 400 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a duplex style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 10 rooms in the home. Of these, 4 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 2 full bathrooms. There are also 2 partial bathrooms. This is a 3 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 1324 Adams Street Northeast has a total of 2,260 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a detached garage for those who need a place to park their vehicle. There are 2 available parking spaces so it's a great situation for those with more than one car. Do you like to entertain? The home has a unknown so you'll have a great option in the front of the home. Moving onto specific details regarding the building. Our sources show that the building condition is average. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with wood control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. The building has a gable style roof that was made of asphalt. Lots of alum/vinyl siding were used in the construction of the exterior walls of the home. The home's a hot water heating system is the primary heating source. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 1324 Adams Street Northeast was last sold in May 18, 2011 for $80,100. According to our calculations, that's $35.44 per sqft. Prior to that sales transaction, the property was sold for $270,000 in Oct 24, 2002. Current property owners are expected to pay $6,095 in taxes per year. The property on 1324 Adams Street Northeast was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $354,000. To break that down further, the land itself was valued at $126,000. While improvements to the property were assessed at a total of $228,000. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Total Rooms: 10
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Wood
  • Building Style: Duplex
  • Exterior Walls Type: Alum/Vinyl siding
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Floor Count: 3
  • Basement Type: Unspecified basement
  • Basement Area: 1,130
  • Garage Type: Detached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 5,227
  • Lot Size Depth Feet: 1,290
  • Lot Size Frontage Feet: 400
  • Total Building Area: 2,260
  • Gross Building Area: 2,260
  • Building Area: 2,260
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Hot water
  • Heated Square Feet: 2,260
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: MCMILLANS ADDN TO MPLS
  • Land Acres: 0.12
  • Standard Land Use Code: Duplex (2 units, any combination)
  • Legal Description 1: 012 006 MCMILLANS ADDN TO MPLS 40.00 X 129.00

Ownership

  • Current Owner : SANFORD ERIC
  • Previous Owner : U S BANK NATIONAL ASSOCIATION
  • Owner Before Previous Owner: YELLOW BIRD LINDA J

Neighborhood

  • School District Name: Minneapolis Public School District
  • School Tax School District: MINNEAPOLIS
  • Census Tract: 102500

Zoning

  • Zoning: R2B

Geography

  • Assessors Map Reference: MB:02420
  • District: 01
  • Parcel: 14-029-24-13-0029
  • Block: 6
  • Lot: 12
  • Meridian: SEC 14 QTR 13 TWN 029 RNG 24
  • Municipality: MINNEAPOLIS
  • Latitude: 45.0017
  • Longitude: -93.2566

    Address

  • Full Address: 1324 Adams St Ne
  • Address - House Number: 1324
  • Street Segment Direction: NE
  • Address - Street Name: Adams
  • Address - Suffix Type: St
  • State: MN
  • City Name: Minneapolis
  • Carrier Code: C012
  • 4-Digit Zip Code: 1440
  • Zip Code: 55413

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $6,095

    Appraisal Valuation

  • Standard Deviation: 0.1564
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 80
  • Final Value: 405,008
  • High Value: 468,384
  • Low Value: 341,631

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $120,000
  • First Open Lien Mortgage Lender: DRAKE BANK
  • First Open Lien Mortgage Recording Date: Nov 30, 2020
  • First Open Lien Mortgage Financing Type: Variable
  • First Open Lien Mortgage Loan Amount: $120,000
  • First Open Lien Mortgage Term: 60
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • First Open Lien Mortgage Loan Due Date: Nov 13, 2025

    Market Valuation

  • Market Total Value: $354,000
  • Market Land Value: $126,000
  • Market Improvement Value: $228,000

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $354,000
  • Assessed Land Value: $126,000
  • Assessed Improvements Value: $228,000

    Sales

  • Current Sale Contract Date: May 18, 2011
  • Current Sale Recording Date: Jun 22, 2011
  • Current Sale Transaction ID: 1098346124
  • Current Sale Price: $80,100
  • Current Sale Document Type: Foreclosure
  • Current Sale Input Document Number: 036601
  • Previous Sale Recording Date: Dec 05, 2002
  • Previous Sale Contract Date: Oct 24, 2002
  • Previous Sale Amount: $270,000
  • Previous Sale Document Type: Warranty Deed

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Frequently Asked Questions

What neighborhood is 1324 Adams Street Northeast located in?
The 1324 Adams Street Northeast is a located in the neighborhood of Logan Park in Northeast Minneapolis, Minneapolis.
What is the average sales price for listings in 1324 Adams Street Northeast?
The average sales price for units in 1324 Adams Street Northeast is $0 currently.

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