Tag

below tax assessed value

Now, THAT’s Patience

“But, Does She Have Grandkids Yet?” The duplex at 21xx Irving Ave. South just Northeast of Lake of the Isles in Minneapolis’ Kenwood neighborhood originally came on the market in Spring. Spring, 2007 — that is. Asking price: $1.2 million. After some short intervals off the market, and a couple intervening price reductions, it’s still...
Read More

$700k Below Tax Value

Not $700k — $700k Below Tax Assessed Value Where: 1415 June Ave., South Tyrol Hills in Golden Valley What: 4 BR/5BA home built in 2002 with almost 5,400 finished square feet. How much: $799,900 asking price; tax assessed value: $1.504M When: originally listed for $1.679 million in March, 2009 Who: Listed with RE/MAX Results Well,...
Read More

Selling Price as % of Tax Assessed Value

Tax Assessed Value as Benchmark No, I don’t have any hard data backing me up (and don’t have the time to compile it), but at least anecdotally, it sure seems that there’s a correlation between year built/last sale, and fair market value. Here it is: The newer the construction date/last sale, the higher the percentage;...
Read More

Great Location, Cheap — Why?

What’s the Catch? (Hint: There’s 2) Where: 31xx East Calhoun Parkway in South Minneapolis What: 5 BR/4 BA with 4,500 FSF on .29 acre lot How Much: originally listed for $925k on 9/21; just dropped to $825k yesterday Who: Broker – Edina Realty; Agent – James Keane Even in a soft market for upper bracket...
Read More

Real Estate Bargain Bin

Minnehaha Falls Deal Where: 45xx 47th South (just north of Minnehaha Falls in Minneapolis) How much: list price: $224,800; tax assessed value: $379,500 What: 3 BR/2BA 1948 two-story with 2,150 FSF Who: listed by Almost Free Realty When: came on market 10/22/09 No matter how cheap the asking price, it’s not necessarily available at that...
Read More

Archives