“This Property Sits on Nearly a Quarter Acre!”

The agent’s boast (above) on MLS caught my eye, because the listed home is in a neighborhood — Seward, near the Mississippi River — not known for larger lots.

So, I looked up the lot dimensions in Hennepin County’s tax records:  40′ x 129′, for a lot size of 5,160 square feet.

Given that a full acre is 43,560 square feet, that makes the lot in question exactly .1184573 acres.

Which comes to less than 1/8 of an acre — less than half what the agent touted.

Definitely not a good start, if you’re representing the prospective Buyer . . . .

About the author

Ross Kaplan has 19+ years experience selling real estate all over the Twin Cities. He is also a 12-time consecutive "Super Real Estate Agent," as determined by Mpls. - St. Paul Magazine and Twin Cities Business Magazine. Prior to becoming a Realtor, Ross was an attorney (corporate law), CPA, and entrepreneur. He holds an economics degree from Stanford.

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