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3251 14th Avenue South

3251 14th Avenue South, Minneapolis, MN 55407
Property in Powderhorn Park
Sold Mar 17, 2021
$1,245,000
Seller
$1,031,250 by Bridgewater Bank
Mortgage Due Mar 16, 2028
Sold Jan 21, 2020
$1,000,000
$750,000 by First Resource Bank
Mortgage Due Jan 15, 2027
Local assessors in Minneapolis, MN have categorized 3251 14th Avenue South as a residential type of property. The home was built in 1961 and is 63 years old. The property's lot size has been calculated to be 7,841 square feet. The linear feet between the front and back of the lot was measured at 1,270 ft and the front of the lot was measured at 600 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 3251 14th Avenue South has a total of 5,520 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 brick 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, 3251 14th Avenue South was last sold in Mar 17, 2021 for $1,245,000. According to our calculations, that's $225.54 per sqft. Prior to that sales transaction, the property was sold for $1,000,000 in Jan 17, 2020. Current property owners are expected to pay $19,033 in taxes per year. The property on 3251 14th Avenue South was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $1,199,300. To break that down further, the land itself was valued at $106,400. While improvements to the property were assessed at a total of $1,092,900. 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. 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.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: Brick
  • Roof Shape Type: Flat
  • Roof Cover Type: Tar and gravel
  • Floor Count: 2
  • Living Units: 14
  • Basement Type: Unspecified basement
  • Basement Area: 2,760
  • Garage Type: Paved and surfaced
  • Parking Space Count: 10

    Dimensions

  • Lot Size Square Feet: 7,841
  • Lot Size Depth Feet: 1,270
  • Lot Size Frontage Feet: 600
  • Total Building Area: 5,520
  • Gross Building Area: 5,520
  • Building Area: 5,520
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Hot water
  • Heated Square Feet: 5,520
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: WILLIAMS ADDN TO MPLS
  • Land Acres: 0.18
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: 011 WILLIAMS ADDN TO MPLS LOTS 13 AND 14 60 X 127

Ownership

  • Current Owner : POWDERHORN X LLC
  • Previous Owner : NLC LLC
  • Owner Before Previous Owner: CHUKWU JULIUS E
  • Owner Before Previous Owner 2: CHUKWU TANYA M
  • 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: 008500

Zoning

  • Zoning: R5

Geography

  • Assessors Map Reference: MB:16230
  • District: 01
  • Parcel: 02-028-24-13-0057
  • Block: 11
  • Lot: 13-14
  • Meridian: SEC 02 QTR 13 TWN 028 RNG 24
  • Municipality: MINNEAPOLIS
  • Latitude: 44.9433
  • Longitude: -93.2547

    Address

  • Full Address: 3251 14th Ave S
  • Address - House Number: 3251
  • Street Segment Direction: S
  • Address - Street Name: 14th
  • Address - Suffix Type: Ave
  • State: MN
  • City Name: Minneapolis
  • Carrier Code: C031
  • 4-Digit Zip Code: 2243
  • Zip Code: 55407

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $19,033

    Appraisal Valuation

  • Standard Deviation: 0.4636
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 7
  • Final Value: 1,385,212
  • High Value: 2,027,397
  • Low Value: 743,026

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,031,250
  • First Open Lien Mortgage Lender: BRIDGEWATER BANK
  • First Open Lien Mortgage Recording Date: Mar 17, 2021
  • First Open Lien Mortgage Loan Amount: $1,031,250
  • First Open Lien Mortgage Term: 83
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial
  • First Open Lien Mortgage Loan Due Date: Mar 16, 2028

    Market Valuation

  • Market Total Value: $1,199,300
  • Market Land Value: $106,400
  • Market Improvement Value: $1,092,900

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $1,199,300
  • Assessed Land Value: $106,400
  • Assessed Improvements Value: $1,092,900

    Sales

  • Current Sale Contract Date: Mar 17, 2021
  • Current Sale Recording Date: Mar 17, 2021
  • Current Sale Transaction ID: 11825240558
  • Current Sale Price: $1,245,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: A10922842
  • Previous Sale Recording Date: Jan 21, 2020
  • Previous Sale Contract Date: Jan 17, 2020
  • Previous Sale Amount: $1,000,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: BRIDGEWATER BANK
  • First Mortgage Transaction Date: Mar 17, 2021
  • First Mortgage Loan Amount: $1,031,250
  • First Mortgage Terms: 83
  • First Mortgage Loan Type: Commercial
  • First Mortgage Loan Due Date: Mar 16, 2028

    Previous Mortgages

  • Previous Mortgage Lender: FIRST RESOURCE BANK
  • Previous Mortgage Transaction Date: Jan 21, 2020
  • Previous Mortgage Loan Amount: $750,000
  • Previous Mortgage Term: 83
  • Previous Mortgage Loan Type: Commercial
  • Previous Mortgage Loan Due Date: Jan 15, 2027

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Frequently Asked Questions

What neighborhood is 3251 14th Avenue South located in?
The 3251 14th Avenue South is a located in the neighborhood of Powderhorn Park in Powderhorn, Minneapolis.
What is the average sales price for listings in 3251 14th Avenue South?
The average sales price for units in 3251 14th Avenue South is $0 currently.

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