Tag

lake premium

Lake Premium > Neighboring Apartments Discount

Like every home I’ve ever shown, this 1917 stucco two-story five doors west of Lake Calhoun in Minneapolis was a mix of pro’s and con’s. First, the con’s:  a dated Kitchen and two dated Baths, old windows, somewhat wavy hardwood floors, and a backyard — at least what there was of it — that backed up...
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$11,000 per Block?

Putting a Price Tag on Proximity to Cedar Lake A client of mine says his engineer son-in-law has done a regression analysis calculating the premium associated with proximity to Minneapolis’ Cedar Lake. His number? $11,000 per block. If that’s correct, that’s a very valuable number to have, because lots of Realtors, appraisers — and their...
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