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3221 3rd Avenue South

3221 3rd Avenue South, Minneapolis, MN 55408
Property in Central
Sold Nov 29, 2023
$350,000
$315,000 by Wings Financial Credit Union
Mortgage Due Dec 01, 2053
Sold Nov 22, 2023
$350,000
3221 3rd Avenue South in Minneapolis, MN was first built in 1905 and is 119 years old. This has been categorized as a residential property type. There are a total of 3 floors. There are a total of 12 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there are a total of 3 full bathrooms. There are 3 partial bathrooms. 3221 3rd Avenue South has 2,226 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 452 ft and the linear feet between the front and back of the lot is 1,280. In total, the area measurement of the land is 5,663 square feet.

Learn more about the property and building on this page. There is a unknown. The home has a gable style roof made of asphalt. For those who need parking, there is a detached 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 stucco. 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 forced air unit. 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, 3221 3rd Avenue South sold most recently in Nov 15, 2023 for a total of $350,000. If you work out the math, that's approximately a cost of $157.23 per sqft. Before that, the property was also sold for $350,000 in Nov 22, 2023. That means the value of the property has remained about the same! Tax-wise, the current owner is expected to pay close to $5,547 in taxes each year. 3221 3rd Avenue South was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $412,000. If we break it down further, the land itself was valued at $45,000. Improvements to the property, however, were assessed at a total of $367,000. The property's total market value has been marked the same as the total assessed value which is pretty typical. 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.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1905
  • Effective Year Built: 1905
  • Total Rooms: 12
  • Bedroom Count: 4
  • 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: 3
  • Basement Type: Unspecified basement
  • Basement Area: 932
  • Garage Type: Detached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 5,663
  • Lot Size Depth Feet: 1,280
  • Lot Size Frontage Feet: 452
  • Total Building Area: 2,226
  • Building Area: 2,226
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 2,226
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: WOLVERTONS ADDN TO MPLS
  • Land Acres: 0.13
  • Standard Land Use Code: Single family residential
  • Legal Description 1: 009 004 WOLVERTONS ADDN TO MPLS 45.20 X 128.00

Ownership

  • Current Owner : ANDERSON JUSTIN A
  • Current Owner 2: GILBERTSON KIRSTIN G
  • Previous Owner : SMITH KURTIS L
  • Previous Owner 2: SMITH TERESA M
  • Owner Before Previous Owner: SMITH KURTIS
  • Owner Before Previous Owner 2: SMITH TERESA
  • 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: 008300

Zoning

  • Zoning: R2B

Geography

  • Assessors Map Reference: MB:18370
  • District: 01
  • Parcel: 03-028-24-14-0051
  • Block: 4
  • Lot: 9
  • Meridian: SEC 03 QTR 14 TWN 028 RNG 24
  • Municipality: MINNEAPOLIS
  • Latitude: 44.9442
  • Longitude: -93.2725

    Address

  • Full Address: 3221 3rd Ave S
  • Address - House Number: 3221
  • Street Segment Direction: S
  • Address - Street Name: 3rd
  • Address - Suffix Type: Ave
  • State: MN
  • City Name: Minneapolis
  • Carrier Code: C017
  • 4-Digit Zip Code: 3226
  • Zip Code: 55408

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $5,547

    Appraisal Valuation

  • Standard Deviation: 0.1564
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 80
  • Final Value: 445,521
  • High Value: 515,237
  • Low Value: 375,806

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $630,000
  • First Open Lien Mortgage Lender: WINGS FINANCIAL CREDIT UNION
  • First Open Lien Mortgage Recording Date: Nov 29, 2023
  • First Open Lien Mortgage Loan Amount: $315,000
  • 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: Dec 01, 2053
  • Second Open Lien Mortgage Recording Date: Nov 22, 2023
  • Second Open Lien Mortgage Loan Amount: $315,000
  • 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: Nov 22, 2053

    Market Valuation

  • Market Total Value: $412,000
  • Market Land Value: $45,000
  • Market Improvement Value: $367,000

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $412,000
  • Assessed Land Value: $45,000
  • Assessed Improvements Value: $367,000

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 15, 2023
  • Current Sale Recording Date: Nov 29, 2023
  • Current Sale Transaction ID: 11917089376
  • Current Sale Price: $350,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 11248179
  • Previous Sale Recording Date: Nov 22, 2023
  • Previous Sale Contract Date: Nov 22, 2023
  • Previous Sale Amount: $350,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: WINGS FINANCIAL CREDIT UNION
  • First Mortgage Transaction Date: Nov 29, 2023
  • First Mortgage Loan Amount: $315,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Dec 01, 2053

    Previous Mortgages

  • Previous Mortgage Transaction Date: Nov 22, 2023
  • Previous Mortgage Loan Amount: $315,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional

About Powderhorn



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Frequently Asked Questions

What neighborhood is 3221 3rd Avenue South located in?
The 3221 3rd Avenue South is a located in the neighborhood of Central in Powderhorn, Minneapolis.
What is the average sales price for listings in 3221 3rd Avenue South?
The average sales price for units in 3221 3rd Avenue South is $0 currently.

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