October 2, 2013

$1.05M + $500k – $200k + 1 Year = ???

Listing Math, Cont. I viewed a non-MLS listing last week in Minnetonka that is quietly being marketed at $1.7 million. The owner bought the 5,000-plus square foot home a year ago for $1.050 million; did $500k of (very smart) updating; and is leaving another $200k of likely updating for the next owner (the upper level hasn’t been remodeled...
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Guess How Much?

Question #2:  Calculate How Much per Square Foot Quick! Test your knowledge of today’s Twin Cities housing market, and guess how much this cute, 2 Bedroom/1 Bath South Minneapolis rambler with 864 FSF (above ground) is listed for: A. $89k B. $149k C. $249k D. $385k Before I give the answer, here are a couple clues: –The...
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