Tax Assessed Value: $15 Million; Market Value: ??? Where: 3701 Wayzata Blvd. near border of Minneapolis, Golden Valley, and St. Louis Park. What: Nine-story, 400,000 square foot office building and 24 surrounding acres in an unparalleled setting close to city lakes, 394, and downtown Minneapolis. Who: owned by Target. When: for sale this Fall. How...Read More
But, That’s Not What You Can Buy It For Estimated Market Value — Building: $400 Estimated Market Value – Land: $150,000 Estimated Market Value – Total: $150,400 –Hennepin County 2014 Property Tax Records It’s not unusual for the land underneath an older, dated home to be worth more than the home itself. That’s especially true for a...Read More
Three Giveaways Is the house you’re looking at online a tear-down? Here’s a short-hand way to tell: One. The list price is upper six figures (or more), and there are only three photos — all exterior shots (MLS allows up to 18). Two. When you link to the county tax records, the land is worth...Read More
“Location, Location?” Test your knowledge of Twin Cities real estate, and guess how much the Minneapolis home pictured above is listed for. A. $75,000 B. $149,900 C. $500,000 D. $995,000 Need a hint? The home overlooks the Midtown Greenway, and is located between Lake of the Isles and Lake Calhoun. Give up? The correct answer would be...Read More
Buy the Land . . . Get the House for Free Benjamin Graham, the father of value investing, famously recommended buying stocks that trade at a discount to the company’s underlying “book value” (basically, assets minus liabilities). His rationale was that a company’s book value established a floor under its stock price: even if the...Read More
