See Home Value
$207,000 - $253,000
House - Off Market

1401 Penn Avenue N

Minneapolis, MN 55411
bedrooms
3 Beds
bathrooms
3 Baths
square feet
1804 Sqft
Sold Nov 03, 2015
$148,000
$139,519 by Summit Mortgage Corp
Mortgage Due Nov 01, 2045
Sold May 30, 2003
$150,000

About This Property

Step into this charming 1920s home on a corner lot, boasting original features. Sunlit sunroom welcomes you with hardwood floors flowing throughout, accompanied by abundant windows. Spacious living room offers a cozy wood-burning fireplace and an extra nook for reading or office space. An adjoining large dining area features an original built-in buffet. Just steps away, the kitchen is equipped with stainless steel appliances and provides access to the backyard and a 1-car detached garage. Main level includes a bedroom and a full shared bathroom with a tub/shower combo and hexagon tile floors. Upstairs, two large bedrooms await, private balcony access and a three-quarter bathroom. Unfinished lower level holds immense potential, with ample storage space and a washer/dryer. Conveniently located within walking distance to the bus stop and close to Theodore Wirth Regional Park, Bassett Creek, and highway access.

The manager has listed the unit size as 1804 square feet.
Unit Size
1,804Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$127
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1924

Price History

Date / Event Date Event Price
Apr 24, 2024 No longer available -
No longer available
Mar 15, 2024 In contract -
In contract
Feb 2, 2024 Listed $230,000
Listed
Nov 3, 2015 Sold to Marcella Grace Payne $148,000
Sold to Marcella Grace Payne
May 30, 2003 Sold to William C Lawless $150,000
Sold to William C Lawless

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1924
  • Effective Year Built: 1924
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Wood
  • Exterior Walls Type: Stucco
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Basement Type: Unspecified basement
  • Basement Area: 998
  • Garage Type: Detached
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 5,227
  • Lot Size Depth Feet: 1,280
  • Lot Size Frontage Feet: 423
  • Total Building Area: 1,492
  • Building Area: 1,492
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 1,492
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: PRATTS ADDN TO MPLS
  • Land Acres: 0.12
  • Standard Land Use Code: Single family residential
  • Legal Description 1: 015 002 PRATTS ADDN TO MPLS 42.30 X 128.00

Ownership

  • Current Owner : PAYNE MARCELLA GRACE
  • Previous Owner : LAWLESS WILLIAM CRAIG
  • Previous Owner 2: LAWLESS ROBBIN L
  • Owner Before Previous Owner: HOLMES CAROLYN C
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Revocable Trust
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Minneapolis Public School District
  • School Tax School District: MINNEAPOLIS
  • Census Tract: 002700

Zoning

  • Zoning: R1A

Geography

  • Assessors Map Reference: MB:07730
  • District: 01
  • Parcel: 17-029-24-44-0013
  • Block: 2
  • Lot: 15
  • Meridian: SEC 17 QTR 44 TWN 029 RNG 24
  • Municipality: MINNEAPOLIS
  • Latitude: 44.9935
  • Longitude: -93.3086

    Address

  • Full Address: 1401 Penn Ave N
  • Address - House Number: 1401
  • Street Segment Direction: N
  • Address - Street Name: Penn
  • Address - Suffix Type: Ave
  • State: MN
  • City Name: Minneapolis
  • Carrier Code: C021
  • 4-Digit Zip Code: 3049
  • Zip Code: 55411

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,047

    Appraisal Valuation

  • Standard Deviation: 0.0878
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 92
  • Final Value: 229,652
  • High Value: 249,839
  • Low Value: 209,466

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $145,519
  • First Open Lien Mortgage Lender: SUMMIT MORTGAGE CORP
  • First Open Lien Mortgage Recording Date: Nov 03, 2015
  • First Open Lien Mortgage Financing Type: Unknown
  • First Open Lien Mortgage Loan Amount: $139,519
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Nov 01, 2045
  • Second Open Lien Mortgage Lender: SUMMIT MORTGAGE CORP
  • Second Open Lien Mortgage Recording Date: Nov 03, 2015
  • Second Open Lien Mortgage Loan Amount: $6,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Due Date: Nov 01, 2045

    Market Valuation

  • Market Total Value: $232,000
  • Market Land Value: $14,000
  • Market Improvement Value: $218,000

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $232,000
  • Assessed Land Value: $14,000
  • Assessed Improvements Value: $218,000

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 19, 2015
  • Current Sale Recording Date: Nov 03, 2015
  • Current Sale Transaction ID: 1351157455
  • Current Sale Price: $148,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: A10254983
  • Previous Sale Recording Date: May 30, 2003
  • Previous Sale Contract Date: May 15, 2003
  • Previous Sale Amount: $150,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: SUMMIT MORTGAGE CORP
  • First Mortgage Transaction Date: Nov 03, 2015
  • First Mortgage Loan Amount: $139,519
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Nov 01, 2045

    Financing

  • First Mortgage Financing Type: Unknown



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Condo
3 Beds
2 Baths
-
$175,000 Nov 1, 1995
$175,000 Jan 25, 1996
$423/mo
House
3 Beds
1.5 Baths
1,563 ft²
$138/ft²
$215,000 Feb 13, 2024
-
-
House
3 Beds
1 Bath
1,337 ft²
$159/ft²
$212,000 Dec 1, 2023
-
-
House
3 Beds
1.5 Baths
1,260 ft²
$171/ft²
$215,000 Feb 15, 2024
-
-
House
3 Beds
1 Bath
1,359 ft²
$139/ft²
$189,000 Nov 9, 2023
-
-
House
3 Beds
1 Bath
1,222 ft²
$172/ft²
$209,900 Jan 18, 2024
-
-
House
3 Beds
1.5 Baths
1,050 ft²
$243/ft²
$254,999 Jan 31, 2024
-
-
House
4 Beds
3 Baths
1,800 ft²
$138/ft²
$248,000 Jan 18, 2024
-
-
House
3 Beds
1 Bath
1,121 ft²
$178/ft²
$199,900 Feb 6, 2024
-
-
House
4 Beds
1 Bath
1,213 ft²
$185/ft²
$224,900 Feb 6, 2024
-
-
House
4 Beds
2 Baths
2,433 ft²
$113/ft²
$275,000 Feb 2, 2024
-
-
Other
Loft
-
2,272 ft²
$88/ft²
$200,000 Jan 18, 2024
-
-

About Near North


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Frequently Asked Questions

When was property at 1401 Penn Avenue North built and last sold?
The property at 1401 Penn Avenue North was built in 1924 and last sold on Oct 19, 2015 for $148,000.
How much is this home worth?
The estimated value of the home located at 1401 Penn Avenue North is $245,983.
What are some comparable homes to 1401 Penn Avenue North?
Homes that are comparable to 1401 Penn Avenue North include a house property at 1328 Sheridan Avenue North, 1606 Thomas Avenue North, 1427 Logan Avenue North.

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