21% Over Asking Price! Take an A+ location in Minneapolis’ tony Lowry Hill neighborhood, strategically located in between Downtown Minneapolis and picturesque Lake of the Isles. Add a huge, 4,800 square foot all-brick triplex. Then put it on the market for $314,900 — a whopping $351,600 below tax assessed value of $666,500. What do you...Read More
Neighborhood Expertise — and Lack Thereof Want a sure sign that a Realtor doesn’t sell much by the City Lakes? They refer to “Lake Calhoun” as “Calhoun Lake” in their marketing materials. Fish (er, Realtor) Out of Water It may be forgivable to confuse Forest Lake (the city 40 miles north of the Twin Cities)...Read More
Real Estate as a Haven Conventional wisdom to date has been that a rocky stock market bodes poorly for upper bracket housing. That’s because, compared to other Buyers, upper bracket Buyers presumably have more exposure to stocks. When stocks take a hit, so does their purchasing power. Witnessing the latest stock market gyrations, I’m wondering...Read More
Art Deco Gem What: historically designated, Moderne-style Art Deco just south of Cedar Lake. Features 5(!) Bedrooms, 5(!) Baths (almost 3,800 square feet total); first-floor Owner’s Suite; and stunning, period detail in everything from the light fixtures to the hammered iron railings.Where: 2700 Chowen Ave. SouthWho: hosted — and listed — by Ross Kaplan (broker...Read More
“Not a Drive-By” Quick, test your knowledge of Twin Cities real estate, and guess how much the single family home pictured above is listed for: A. $149,000B. $249,000C. $419,900D. $599,900 Give up? Here are three more, very significant clues: 1) the home has been completely remodeled; 2) it’s located in Minneapolis’ tony Kenwood neighborhood (just...Read More
Searching By Neighborhood Names No, the map (at right) isn’t some sort of alternate zip code for Hennepin County. Actually, come to think of it . . . it is. For Realtors. Unbeknownst to (most of) the public, the Twin Cities Multiple Listing Service (“MLS”) database splits the metro and outlying areas into 139 districts....Read More
