2722 Park Avenue

2722 Park Avenue in Minneapolis, MN was first built in 1901 and is 123 years old. This has been categorized as a commercial property type. There are a total of 2 floors. 2722 Park Avenue has 8,695 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 818 ft and the linear feet between the front and back of the lot is 2,490. In total, the area measurement of the land is 20,473 square feet.

Learn more about the property and building on this page. The home has a mansard style roof made of asphalt. For those who need parking, there is a mixed used garage. There are a total of 2 available parking spaces. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with wood control joints. The quality of the control joints have been graded by the local assessor with a letter grade of C+. The condition of the building has been evaluated as average. The exterior walls of the home are made of brick. Walk into the home itself and you'll find that it is currently being cooled with air conditioning. As for heating, the home is utilizing a hot water heating system. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 2722 Park Avenue sold most recently in Jul 23, 2021 for a total of $2,780,000. If you work out the math, that's approximately a cost of $319.72 per sqft. Before that, the property was also sold for $1,825,000 in Sep 21, 2020. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $47,483 in taxes each year. The initial year of tax delinquency occurred in 2022. 2722 Park Avenue was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $1,375,000. If we break it down further, the land itself was valued at $325,800. Improvements to the property, however, were assessed at a total of $1,049,200. The property's total market value has been marked the same as the total assessed value which is pretty typical. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation.