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2701 Cedar Avenue

2701 Cedar Avenue, Minneapolis, MN 55407
Property in Phillips
Sold Feb 02, 2021
$320,000
$314,204 by Leader One Financial Corp
Mortgage Due Feb 01, 2051
Sold Mar 16, 2017
$215,000
Local assessors in Minneapolis, MN have categorized 2701 Cedar Avenue as a residential type of property. The home was built in 1915 and is 109 years old. The property's lot size has been calculated to be 4,792 square feet. The linear feet between the front and back of the lot was measured at 1,230 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 2 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 2701 Cedar Avenue has a total of 1,768 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. 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 - D. The building has a flat style roof that was made of asphalt. Lots of materials we are unsure of 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. The property was last sold in Jan 29, 2021 for $320,000. That's $181.00 per sqft. Prior to that sales transaction, the property was also sold in Mar 10, 2017 for $215,000. 2701 Cedar Avenue was last assessed in 2022. The total value of the property was assessed at $303,000. Specifically, the land the property is located on was valued at $20,000. While improvements on the property were assessed at a total of $283,000. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $3,837. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1915
  • Effective Year Built: 1915
  • Total Rooms: 10
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: D
  • Construction Type: Wood
  • Building Style: Duplex
  • Exterior Walls Type: Other
  • Roof Shape Type: Flat
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Basement Type: Unspecified basement
  • Basement Area: 884
  • Garage Type: Detached
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 4,792
  • Lot Size Depth Feet: 1,230
  • Lot Size Frontage Feet: 400
  • Total Building Area: 1,768
  • Gross Building Area: 1,768
  • Building Area: 1,768
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Hot water
  • Heated Square Feet: 1,768
  • 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: Duplex (2 units, any combination)
  • Legal Description 1: 030 003 THE HOLDING COS ADDN TO MPLS 40.00 X 123.00

Ownership

  • Current Owner : HUSTEDT JACOB
  • Current Owner 2: DEVERA NICO JULIUS
  • Previous Owner : PYRAMID GROUP LLC
  • Owner Before Previous Owner: ELLIASEN JOHN PETER
  • Owner Before Previous Owner 2: ELLIASEN KAY
  • Is Owner Occupied: Owner-occupied property

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: 36-029-24-32-0074
  • Block: 3
  • Lot: 30
  • Meridian: SEC 36 QTR 32 TWN 029 RNG 24
  • Municipality: MINNEAPOLIS
  • Latitude: 44.9536
  • Longitude: -93.2471

    Address

  • Full Address: 2701 Cedar Ave S
  • Address - House Number: 2701
  • Street Segment Direction: S
  • Address - Street Name: Cedar
  • Address - Suffix Type: Ave
  • State: MN
  • City Name: Minneapolis
  • Carrier Code: C004
  • 4-Digit Zip Code: 1236
  • Zip Code: 55407

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,837

    Appraisal Valuation

  • Standard Deviation: 0.1498
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 81
  • Final Value: 348,199
  • High Value: 400,389
  • Low Value: 296,009

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $628,408
  • First Open Lien Mortgage Lender: LEADER ONE FINANCIAL CORP
  • First Open Lien Mortgage Recording Date: Feb 02, 2021
  • First Open Lien Mortgage Loan Amount: $314,204
  • 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: Feb 01, 2051
  • Second Open Lien Mortgage Loan Amount: $314,204
  • Second Open Lien Mortgage Position: 2

    Market Valuation

  • Market Total Value: $303,000
  • Market Land Value: $20,000
  • Market Improvement Value: $283,000

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $303,000
  • Assessed Land Value: $20,000
  • Assessed Improvements Value: $283,000

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jan 29, 2021
  • Current Sale Recording Date: Feb 02, 2021
  • Current Sale Transaction ID: 11820196611
  • Current Sale Price: $320,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: A10909868
  • Previous Sale Recording Date: Mar 16, 2017
  • Previous Sale Contract Date: Mar 10, 2017
  • Previous Sale Amount: $215,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: LEADER ONE FINANCIAL CORP
  • First Mortgage Transaction Date: Feb 02, 2021
  • First Mortgage Loan Amount: $314,204
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Feb 01, 2051

About Phillips



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Frequently Asked Questions

What neighborhood is 2701 Cedar Avenue located in?
The 2701 Cedar Avenue is a located in the neighborhood of Phillips in Phillips, Minneapolis.
What is the average sales price for listings in 2701 Cedar Avenue?
The average sales price for units in 2701 Cedar Avenue is $0 currently.

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