Minneapolis Property Tax Disconnect Pop quiz: the annual property taxes on this Kenwood short sale — listed at $349,900 — are . . . A. $3,142 B. $4,475 C. $6,020 D. $13,983 Answer: “D.” Assuming that the eventual Buyer has good credit, is putting down 20%, AND the short sale is approved at the list...Read More
Want to know how much natural light a room — or an entire home — gets? Turn off all the lights. As my impressed open house visitors saw for themselves yesterday at 2275 Youngman, there’s practically no difference in how light the Kitchen (above) is with the lights on or off. The explanation? There’s a...Read More
Reassuring Condo Buyers Normally, someone who purchases a condo or townhome has to wait until they’ve signed a Purchase Agreement to find out how financially strong (or not) the building or development is. See, “Ten Day Review Period . . . 2 Weeks Too Late.” Then, they have ten days to review the related materials...Read More
“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...Read More
Definition of “Knockout Millwork” What’s the definition of “knockout millwork?” You’re looking at it (above). That would be the view from just inside the entrance of 4609 Browndale, John Everett’s new listing in Edina’s historically designated Country Club neighborhood. Wowed . . . by the Basement You know a home has amazing millwork (moldings, trim,...Read More
