Fern Hill Value Where: 4812 West 28th St. in St. Louis Park’s Fern Hill neighborhood (go to Minnetonka Blvd. east of 100; then 2 blocks north on Princeton to 28th st.) What: 3 Bedroom/3 Bath walkout rambler with over 2,800 finished square feet. Listed this Monday (March 19); days on market: 5. When: 2 p.m....Read More
One of the highlights of my new listing at 5116 29th Ave. South in Minneapolis is the terrific location: just two blocks to Lake Nokomis, 3 to Minnehaha Parkway, and close to light rail, the airport, and Highland Park. Even closer: Nokomis Beach Coffee (pictured above), in between the home and the lake. Although it looks...Read More
Test your knowledge of current Minneapolis property taxes, and guess what tax bill goes with this 5 BR/5 BA Kenwood home just north of Lake of the Isles, listed at $799,900: A. $6,479 B. $9,123 C. $12,815 D. $24,286 Answer: D. Yup, depending on how much they put down and what kind of mortgage they...Read More
Asking Price: $475,000 (“Yeah, Right!”) I’ve previously documented examples of FSBO (“For Sale by Owner”) mistakes. See, “FSBO Mistake #4“; “FSBO Mistake #37.” So, what’s FSBO mistake #1 (and #2 and #3)? Mispricing (want to guess which direction?). Latest Example Exhibit A would be this 1 1/2 story home a few blocks east of Lake...Read More
(More) Real Estate Cliches Two of the more overused real estate cliches (redundant, I know) is “curb appeal is deceptive” and its first-cousin, “not a drive-by.” So, are they ever true? Usually, not. However, there are exceptions to every rule. Exceptions to the Rule Once in awhile, you do see a listed home with a plain...Read More
Taking $50k, $75k — or More(!) Off the Last Asking Price Overpriced listings have a way of coming down to earth, and Buyers who can afford to be patient can often pick up the property at a (much) better price once the Seller has become more realistic. Of course, Buyers who wait risk that the Seller...Read More
