See Home Value
$255,231*
House - Off Market

531 Penn Avenue N

Minneapolis, MN 55405
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2053 Sqft
$230,000 - $280,000
Reference Base Price*
0.09%
Since Apr 1, 2022
MN-Minneapolis
Primary Model
Sold Mar 07, 2022
$264,000
$208,000 by Better Mortgage Corporation
Mortgage Due Apr 01, 2052
Sold Mar 04, 2022
$264,000
$208,000
Mortgage

About This Property

Seller calling for Highest & Best by Monday 1/31 at 2pm.   As you drive up you will see the new boulder awesome retaining wall.   Beautiful original hardwood floors and woodwork.  The built-in-hutch in the dining room and room divider bookcases, double-paned leaded glass windows just add to the charm of this wonderful home. The spacious kitchen just adds to the delight of this home.  Upstairs to the 3 nice sized bedrooms, one with a bay window just more charm!  Outside to the great back yard and to the new oversized garage with electrical service set up for installation of an electric vehicle charging.  The garage workshop is another delight which includes shelving, tabletops that were custom-built. Seller has upgraded the electrical in the entire home. Close access to the bus line (19, 755, C-line, and express) to get to downtown. Large green space north of the house - throw a frisbee, set up a hammock, have a picnic, just steps from the back door!

The manager has listed the unit size as 2053 square feet.
Unit Size
2,053Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$124
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1911

Price History

Date / Event Date Event Price
Mar 8, 2022 No longer available -
No longer available
Mar 4, 2022 Sold to Martin Aspholm $264,000
Sold to Martin Aspholm
Feb 11, 2022 In contract -
In contract
Jan 27, 2022 Listed $255,000
Listed
Aug 15, 2017 Sold to Carev R Dueweke, Matthew L ... $192,500
Sold to Carev R Dueweke, Matthew L ...
Show More

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 1911
  • Effective Year Built: 1911
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C-
  • Construction Type: Wood
  • Exterior Walls Type: Stucco
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Basement Type: Unspecified basement
  • Basement Area: 672
  • Garage Type: Detached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 5,663
  • Lot Size Depth Feet: 1,430
  • Lot Size Frontage Feet: 408
  • Total Building Area: 1,142
  • Building Area: 1,142
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Hot water
  • Heated Square Feet: 1,142
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: C G MORRISONS ADDN TO MPLS
  • Land Acres: 0.13
  • Standard Land Use Code: Single family residential
  • Legal Description 1: 006 001 C G MORRISONS ADDN TO MPLS 40.84 X 142.83

Ownership

  • Current Owner : ASPHOLM MARTIN
  • Previous Owner : DUEWEKE CAREY R
  • Previous Owner 2: DUEWEKE MATTHEW L
  • Owner Before Previous Owner: DUEWEKE CAREY
  • Owner Before Previous Owner 2: FISTLER MATTHEW
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Minneapolis Public School District
  • School Tax School District: MINNEAPOLIS
  • Census Tract: 104100

Zoning

  • Zoning: R1A

Geography

  • Assessors Map Reference: MB:10370
  • District: 01
  • Parcel: 20-029-24-41-0006
  • Block: 1
  • Lot: 6
  • Meridian: SEC 20 QTR 41 TWN 029 RNG 24
  • Municipality: MINNEAPOLIS
  • Latitude: 44.9836
  • Longitude: -93.3086

    Address

  • Full Address: 531 Penn Ave N
  • Address - House Number: 531
  • Street Segment Direction: N
  • Address - Street Name: Penn
  • Address - Suffix Type: Ave
  • State: MN
  • City Name: Minneapolis
  • Carrier Code: C015
  • 4-Digit Zip Code: 1165
  • Zip Code: 55405

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,537

    Appraisal Valuation

  • Standard Deviation: 0.1784
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 76
  • Final Value: 280,683
  • High Value: 330,758
  • Low Value: 230,608

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $416,000
  • First Open Lien Mortgage Lender: BETTER MORTGAGE CORPORATION
  • First Open Lien Mortgage Recording Date: Mar 07, 2022
  • First Open Lien Mortgage Loan Amount: $208,000
  • 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: Apr 01, 2052
  • Second Open Lien Mortgage Recording Date: Mar 04, 2022
  • Second Open Lien Mortgage Loan Amount: $208,000
  • 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: Mar 04, 2052

    Market Valuation

  • Market Total Value: $282,000
  • Market Land Value: $67,000
  • Market Improvement Value: $215,000

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $282,000
  • Assessed Land Value: $67,000
  • Assessed Improvements Value: $215,000

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 02, 2022
  • Current Sale Recording Date: Mar 07, 2022
  • Current Sale Transaction ID: 11883347716
  • Current Sale Price: $264,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 11084763
  • Previous Sale Recording Date: Mar 04, 2022
  • Previous Sale Contract Date: Mar 04, 2022
  • Previous Sale Amount: $264,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: BETTER MORTGAGE CORPORATION
  • First Mortgage Transaction Date: Mar 07, 2022
  • First Mortgage Loan Amount: $208,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Apr 01, 2052

    Previous Mortgages

  • Previous Mortgage Transaction Date: Mar 04, 2022
  • Previous Mortgage Loan Amount: $208,000
  • Previous Mortgage Loan Type: New Conventional



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
4 Beds
1 Bath
1,801 ft²
$138/ft²
$249,000 May 21, 2024
-
-
House
2 Beds
1.5 Baths
1,455 ft²
$151/ft²
$219,000 May 17, 2024
-
-
House
2 Beds
1 Bath
1,274 ft²
$173/ft²
$219,900 Jun 11, 2024
-
-
House
5 Beds
1.5 Baths
1,824 ft²
$156/ft²
$285,000 Jun 4, 2024
-
-
House
5 Beds
3 Baths
2,972 ft²
$94/ft²
$279,900 Jun 7, 2024
-
-

About Near North


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Frequently Asked Questions

When was property at 531 Penn Avenue North built and last sold?
The property at 531 Penn Avenue North was built in 1911 and last sold on Mar 2, 2022 for $264,000.
How much is this home worth?
The estimated value of the home located at 531 Penn Avenue North is $261,956.
What are some comparable homes to 531 Penn Avenue North?
There are currently no comparable homes to 531 Penn Avenue North.

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