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3019 Pleasant Avenue

3019 Pleasant Avenue, Minneapolis, MN 55408
Property in Lyndale
Sold Jul 15, 2019
$26,900,000
$300,000 by Villa Nova Preservation Jv Llc
Mortgage Due Jul 12, 2034
Sold Jul 15, 2019
$26,900,000
$4,500,000 by City Of Minneapolis
Mortgage
3019 Pleasant 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 1961 and is 63 years old. The building has a total of 2 stories. In addition, 3019 Pleasant Avenue has 4,260 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 1,650 ft and across the front of the lot is 470 ft. The area measurement of the land has been determined as 7,841 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 paved and surfaced garage for those who require parking. According to our sources, there are a total of 12 available parking spaces. 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 hot water heating system. 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, 3019 Pleasant Avenue was last sold in Jul 12, 2019 for $26,900,000. According to our calculations, that's $6,314.55 per sqft. Prior to that sales transaction, the property was sold for $26,900,000 in Jul 12, 2019. Current property owners are expected to pay $13,851 in taxes per year. The property on 3019 Pleasant Avenue was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $359,800. To break that down further, the land itself was valued at $65,000. While improvements to the property were assessed at a total of $294,800. 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 you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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: 1961
  • Effective Year Built: 1961
  • Bedroom Count: 0
  • Building Condition: Average
  • Building Quality: C-
  • Construction Type: Wood
  • Exterior Walls Type: Stucco
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 11
  • Basement Type: Unspecified basement
  • Basement Area: 2,130
  • Garage Type: Paved and surfaced
  • Parking Space Count: 12

    Dimensions

  • Lot Size Square Feet: 7,841
  • Lot Size Depth Feet: 1,650
  • Lot Size Frontage Feet: 470
  • Total Building Area: 4,260
  • Gross Building Area: 4,260
  • Building Area: 4,260
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Hot water
  • Heated Square Feet: 4,260
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: CAMPBELLS ADDN TO MPLS
  • Land Acres: 0.18
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: 006 001 CAMPBELLS ADDN TO MPLS 47.00 X 165.00

Ownership

  • Current Owner : VILLA NOVA PRESERVATION JV LLC
  • Previous Owner : VILLA NOVA REAL ESTATE HOLDINGS LLC
  • Owner Before Previous Owner: VILLA NOVA REAL ESTATE HOLDINGS LLC
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Minneapolis Public School District
  • School Tax School District: MINNEAPOLIS
  • Census Tract: 008200

Zoning

  • Zoning: R4

Geography

  • Assessors Map Reference: MB:16680
  • District: 01
  • Parcel: 03-028-24-21-0008
  • Block: 1
  • Lot: 6
  • Meridian: SEC 03 QTR 21 TWN 028 RNG 24
  • Municipality: MINNEAPOLIS
  • Latitude: 44.9476
  • Longitude: -93.2827

    Address

  • Full Address: 3019 Pleasant Ave
  • Address - House Number: 3019
  • Address - Street Name: Pleasant
  • Address - Suffix Type: Ave
  • State: MN
  • City Name: Minneapolis
  • Carrier Code: C020
  • 4-Digit Zip Code: 3051
  • Zip Code: 55408

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $13,851

    Appraisal Valuation

  • Standard Deviation: 0.4636
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 7
  • Final Value: 396,390
  • High Value: 580,156
  • Low Value: 212,623

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $4,800,000
  • First Open Lien Mortgage Lender: VILLA NOVA PRESERVATION JV LLC
  • First Open Lien Mortgage Recording Date: Jul 15, 2019
  • First Open Lien Mortgage Loan Amount: $300,000
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial
  • First Open Lien Mortgage Loan Due Date: Jul 12, 2034
  • Second Open Lien Mortgage Lender: CITY OF MINNEAPOLIS
  • Second Open Lien Mortgage Recording Date: Jul 15, 2019
  • Second Open Lien Mortgage Loan Amount: $4,500,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Commercial
  • Second Open Lien Mortgage Loan Due Date: Jul 15, 2049

    Market Valuation

  • Market Total Value: $359,800
  • Market Land Value: $65,000
  • Market Improvement Value: $294,800

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $359,800
  • Assessed Land Value: $65,000
  • Assessed Improvements Value: $294,800

    Sales

  • Current Sale Contract Date: Jul 12, 2019
  • Current Sale Recording Date: Jul 15, 2019
  • Current Sale Transaction ID: 11625346681
  • Current Sale Price: $26,900,000
  • Current Sale Document Type: Limited Warranty Deed
  • Current Sale Input Document Number: A10677150
  • Previous Sale Recording Date: Jul 15, 2019
  • Previous Sale Contract Date: Jul 12, 2019
  • Previous Sale Amount: $26,900,000
  • Previous Sale Document Type: Limited Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: VILLA NOVA PRESERVATION JV LLC
  • First Mortgage Transaction Date: Jul 15, 2019
  • First Mortgage Loan Amount: $300,000
  • First Mortgage Terms: 180
  • First Mortgage Loan Type: Commercial
  • First Mortgage Loan Due Date: Jul 12, 2034

    Previous Mortgages

  • Previous Mortgage Lender: CITY OF MINNEAPOLIS
  • Previous Mortgage Transaction Date: Jul 15, 2019
  • Previous Mortgage Loan Amount: $4,500,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial

About Powderhorn



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Frequently Asked Questions

What neighborhood is 3019 Pleasant Avenue located in?
The 3019 Pleasant Avenue is a located in the neighborhood of Lyndale in Powderhorn, Minneapolis.
What is the average sales price for listings in 3019 Pleasant Avenue?
The average sales price for units in 3019 Pleasant Avenue is $0 currently.

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