Want to Sell This One? Help Defray Property Taxes I originally posted about 1415 June Ave. — in Golden Valley’s South Tyrol Hills neighborhood — last Summer (“$700k Below Tax Value“). At the time, the asking price was $799,900 — against a tax assessed value of $1.504 million. Thanks to that latter number, the home...Read More
70% Off! Where: 30xx Colfax Ave. South in Minneapolis’ Uptown neighborhoodWhat: Uptown Triplex with 2,700 FSFHow much: $166,250When: listed yesterday (9/30) with Coldwell Banker Burnet Once upon a time — like 2006 — this Uptown property was listed for $550,000. Today, it can be purchased from its bank-owner for $166,250. It comes with a $7,000...Read More
Back on the Market Twice (in 10 days); Third Time’s the Charm? The image I have in my head for this St. Louis Park foreclosure is a traffic light, alternately blinking green, then red, then green, etc. That’s because in less than 2 weeks on the market, it’s already gone “Pending” twice, and each time...Read More
2010 Housing Market:More Toyotas (er, Chevy’s), fewer BMW’s Confused by the cacophony of statistics purporting to describe today’s housing market? The root of the problem is that the statistics are really capturing two things: 1) the change in housing prices; and 2) the changing mix of homes that are being sold. (The exception to the...Read More
Mispriced Properties: Exhibit A Where: 46xx 1st Ave. South in Minneapolis What: Bank-owned (foreclosure) 3 BR/2 BA 1917 stucco home with 2,000 square feet. How (much): asking price — $72,900; sold price — $130,000 When: listed — 4/19/2009; closed –8/18/2009 In my post yesterday (Seller’s Motivation: Is it Relevant?”), I made the case that the...Read More
