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2623 Cedar Avenue

2623 Cedar Avenue, Minneapolis, MN 55407
Property in Phillips
Sold Oct 02, 2023
$273,000
$264,810 by American Nhbrd Mtg Acceptance
Mortgage Due Oct 01, 2053
Sold Sep 26, 2023
$273,000
2623 Cedar Avenue has been categorized by the local assessors in Minneapolis, MN as a residential type of property. The building on the property was first built in 1921 and is 103 years old. The home has a total of 8 rooms. 5 of these rooms are legally considered as bedrooms. Residents will have access to 3 full bathrooms. There are 3 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 2623 Cedar Avenue has 1,272 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,230 ft and across the front of the lot is 400 ft. The area measurement of the land has been determined as 4,792 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a detached garage for those who require parking. According to our sources, there are a total of 2 available parking spaces. Residents will have the luxury of enjoying a unknown. Moving on to the building itself. The condition of the building has been evaluated as average. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with wood control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of C- by the local assessor. The building has a gable style roof made of asphalt. The exterior walls of the building are made of stucco. In terms of heating, it is utilizing a forced air unit. 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, 2623 Cedar Avenue was last sold in Sep 26, 2023 for $273,000. According to our calculations, that's $214.62 per sqft. Prior to that sales transaction, the property was sold for $273,000 in Sep 26, 2023. Current property owners are expected to pay $2,845 in taxes per year. The property on 2623 Cedar Avenue was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $191,000. To break that down further, the land itself was valued at $20,000. While improvements to the property were assessed at a total of $171,000. 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. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay 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: 1921
  • Effective Year Built: 1921
  • Total Rooms: 8
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: C-
  • Construction Type: Wood
  • Exterior Walls Type: Stucco
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Basement Type: Unspecified basement
  • Basement Area: 936
  • Garage Type: Detached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 4,792
  • Lot Size Depth Feet: 1,230
  • Lot Size Frontage Feet: 400
  • Total Building Area: 1,272
  • Building Area: 1,272
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Forced air unit
  • Heated Square Feet: 1,272
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: THE HOLDING COS ADDN TO MPLS
  • Land Acres: 0.11
  • Standard Land Use Code: Single family residential
  • Legal Description 1: 024 002 THE HOLDING COS ADDN TO MPLS 40.00 X 123.00

Ownership

  • Current Owner : SOSA STEPHANIE
  • Current Owner 2: CARRILLO MIGUEL ANGEL
  • Previous Owner : REED SHALOM
  • Previous Owner 2: REED TUNISUNIA
  • Owner Before Previous Owner: REED SHALOM
  • Owner Before Previous Owner 2: REED TUNISUNIA
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Tenants in Common

Neighborhood

  • School District Name: Minneapolis Public School District
  • School Tax School District: MINNEAPOLIS
  • Census Tract: 125900

Zoning

  • Zoning: R2B

Geography

  • Assessors Map Reference: MB:15170
  • District: 01
  • Parcel: 36-029-24-32-0046
  • Block: 2
  • Lot: 24
  • Meridian: SEC 36 QTR 32 TWN 029 RNG 24
  • Municipality: MINNEAPOLIS
  • Latitude: 44.9548
  • Longitude: -93.2471

    Address

  • Full Address: 2623 Cedar Ave S
  • Address - House Number: 2623
  • Street Segment Direction: S
  • Address - Street Name: Cedar
  • Address - Suffix Type: Ave
  • State: MN
  • City Name: Minneapolis
  • Carrier Code: C004
  • 4-Digit Zip Code: 1220
  • Zip Code: 55407

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,845

    Appraisal Valuation

  • Standard Deviation: 0.2223
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 69
  • Final Value: 275,250
  • High Value: 336,449
  • Low Value: 214,050

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $281,310
  • First Open Lien Mortgage Lender: AMERICAN NHBRD MTG ACCEPTANCE
  • First Open Lien Mortgage Recording Date: Oct 02, 2023
  • First Open Lien Mortgage Loan Amount: $264,810
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Oct 01, 2053
  • Second Open Lien Mortgage Lender: AMERICAN NHBRD MTG ACCEPTANCE
  • Second Open Lien Mortgage Recording Date: Oct 02, 2023
  • Second Open Lien Mortgage Loan Amount: $16,500
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: New Conventional
  • Second Open Lien Mortgage Loan Due Date: Oct 01, 2053

    Market Valuation

  • Market Total Value: $191,000
  • Market Land Value: $20,000
  • Market Improvement Value: $171,000

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $191,000
  • Assessed Land Value: $20,000
  • Assessed Improvements Value: $171,000

    Sales

  • Current Sale Contract Date: Sep 26, 2023
  • Current Sale Recording Date: Oct 02, 2023
  • Current Sale Transaction ID: 11914714568
  • Current Sale Price: $273,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 11234808
  • Previous Sale Recording Date: Sep 26, 2023
  • Previous Sale Contract Date: Sep 26, 2023
  • Previous Sale Amount: $273,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: AMERICAN NHBRD MTG ACCEPTANCE
  • First Mortgage Transaction Date: Oct 02, 2023
  • First Mortgage Loan Amount: $264,810
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Oct 01, 2053
  • Second Mortgage Transaction Date: Oct 02, 2023
  • Second Mortgage Loan Amount: $16,500
  • Second Mortgage Terms: 30
  • Second Mortgage Loan Type: New Conventional
  • Second Mortgage Loan Due Date: Oct 01, 2053

    Previous Mortgages

  • Previous Mortgage Transaction Date: Sep 26, 2023
  • Previous Mortgage Loan Amount: $264,810
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional

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Frequently Asked Questions

What neighborhood is 2623 Cedar Avenue located in?
The 2623 Cedar Avenue is a located in the neighborhood of Phillips in Phillips, Minneapolis.
What is the average sales price for listings in 2623 Cedar Avenue?
The average sales price for units in 2623 Cedar Avenue is $0 currently.

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