Check Availability

3121 Pleasant Avenue

3121 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 May 08, 2017
$1,122,450
Local assessors in Minneapolis, MN have categorized 3121 Pleasant Avenue as a residential type of property. The home was built in 1960 and is 64 years old. The property's lot size has been calculated to be 8,276 square feet. The linear feet between the front and back of the lot was measured at 1,650 ft and the front of the lot was measured at 510 ft. 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 3121 Pleasant Avenue has a total of 5,698 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 paved and surfaced garage for those who need a place to park their vehicle. There are 10 available parking spaces so it's a great situation for those with more than one car. 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 - C-. The building has a flat style roof that was made of tar and gravel. Lots of stucco 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. 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, 3121 Pleasant Avenue was last sold in Jul 12, 2019 for $26,900,000. According to our calculations, that's $4,720.95 per sqft. Prior to that sales transaction, the property was sold for $1,122,450 in Apr 28, 2017. Current property owners are expected to pay $13,851 in taxes per year. The property on 3121 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 $69,700. While improvements to the property were assessed at a total of $290,100. 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: 1960
  • Effective Year Built: 1960
  • Bedroom Count: 0
  • Building Condition: Average
  • Building Quality: C-
  • Construction Type: Wood
  • Exterior Walls Type: Stucco
  • Roof Shape Type: Flat
  • Roof Cover Type: Tar and gravel
  • Floor Count: 2
  • Living Units: 11
  • Basement Type: Unspecified basement
  • Basement Area: 2,849
  • Garage Type: Paved and surfaced
  • Parking Space Count: 10

    Dimensions

  • Lot Size Square Feet: 8,276
  • Lot Size Depth Feet: 1,650
  • Lot Size Frontage Feet: 510
  • Total Building Area: 5,698
  • Gross Building Area: 5,698
  • Building Area: 5,698
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Hot water
  • Heated Square Feet: 5,698
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: CAMPBELLS ADDN TO MPLS
  • Land Acres: 0.19
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: 006 003 CAMPBELLS ADDN TO MPLS 51.00 X 165.00

Ownership

  • Current Owner : VILLA NOVA PRESERVATION JV LLC
  • Previous Owner : VILLA NOVA REAL ESTATE HOLDINGS LLC
  • Owner Before Previous Owner: 3121 PLEASENT 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: R5

Geography

  • Assessors Map Reference: MB:16680
  • District: 01
  • Parcel: 03-028-24-21-0035
  • Block: 3
  • Lot: 6
  • Meridian: SEC 03 QTR 21 TWN 028 RNG 24
  • Municipality: MINNEAPOLIS
  • Latitude: 44.9457
  • Longitude: -93.2827

    Address

  • Full Address: 3121 Pleasant Ave
  • Address - House Number: 3121
  • Address - Street Name: Pleasant
  • Address - Suffix Type: Ave
  • State: MN
  • City Name: Minneapolis
  • Carrier Code: C027
  • 4-Digit Zip Code: 3062
  • 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: 1
  • Total Open Liens Amount: $300,000
  • 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

    Market Valuation

  • Market Total Value: $359,800
  • Market Land Value: $69,700
  • Market Improvement Value: $290,100

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $359,800
  • Assessed Land Value: $69,700
  • Assessed Improvements Value: $290,100

    Sales

  • Current Sale Contract Date: Jul 12, 2019
  • Current Sale Recording Date: Jul 15, 2019
  • Current Sale Transaction ID: 11625346689
  • Current Sale Price: $26,900,000
  • Current Sale Document Type: Limited Warranty Deed
  • Current Sale Input Document Number: A10677150
  • Previous Sale Recording Date: May 08, 2017
  • Previous Sale Contract Date: Apr 28, 2017
  • Previous Sale Amount: $1,122,450
  • 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

About Powderhorn



Similar Buildings

Currently no similar buildings around

Nearby Rentals

Unit for rent at 2929 Chicago Avenue, Minneapolis, MN, 55407

$1,595 /mo

  • 1 Bed
  • 1 Bath
  • 969 ft²
2929 Chicago Avenue #1018, Minneapolis, MN, 55407 Listing by Timothy Carson
Unit for rent at 929 Portland Avenue, Minneapolis, MN, 55404

$1,695 /mo

  • 1 Bed
  • 1 Bath
  • 680 ft²
929 Portland Avenue #908, Minneapolis, MN, 55404 Listing by Devon W White
Unit for rent at 48 Groveland Terrace, Minneapolis, MN, 55403

$1,650 /mo

  • 1 Bed
  • 1 Bath
  • 774 ft²
48 Groveland Terrace #B302, Minneapolis, MN, 55403 Listing by Devon W White
Unit for rent at 401 Ridgewood Avenue, Minneapolis, MN, 55403

$1,475 /mo

  • 2 Beds
  • 1 Bath
  • 819 ft²
401 Ridgewood Avenue #102, Minneapolis, MN, 55403 Listing by Joe Allen
Unit for rent at 3101 Irving Avenue S, Minneapolis, MN, 55408

$1,695 /mo

  • 2 Beds
  • 1 Bath
  • 1,300 ft²
3101 Irving Avenue S, Minneapolis, MN, 55408 Listing by Emily Kosokar
Unit for rent at 650 Portland Avenue S, Minneapolis, MN, 55415

$1,475 /mo

  • Studio
  • 1 Bath
  • 496 ft²
650 Portland Avenue S #634, Minneapolis, MN, 55415 Listing by Lucas McDonough
Unit for rent at 811 Washington Avenue S, Minneapolis, MN, 55415

$1,575 /mo

  • 1 Bed
  • 1 Bath
  • 619 ft²
811 Washington Avenue S #414, Minneapolis, MN, 55415 Listing by Lucas McDonough

Frequently Asked Questions

What neighborhood is 3121 Pleasant Avenue located in?
The 3121 Pleasant Avenue is a located in the neighborhood of Lyndale in Powderhorn, Minneapolis.
What is the average sales price for listings in 3121 Pleasant Avenue?
The average sales price for units in 3121 Pleasant Avenue is $0 currently.

Quantcast