Appearances vs. Reality Though it doesn’t look it, this 1 1/2 story Longfellow (Minneapolis) home truly packs 5 Bedrooms and 4 Baths into its three finished levels. The explanation for the “appearances vs. reality” mis-match? The home is a walk-out — that is, on a lot that slopes down from the front — and functionally...Read More
No “Extra Innings” — Promise Where: 38xx 37th Ave. South, in Minneapolis’ Longfellow neighborhood When: listed yesterday (Aug. 3) What: 2 BR, 1 BA home built in 1914. Who: listed by Kathleen Doyle, Edina Realty City Lakes How much: $91,900 Want an indication of how intense Buyer activity is at the lower end of the...Read More
More Singles & Doubles, Fewer Home Runs Baseball batters facing a strong pitcher and defense adjust by hitting for singles and doubles rather than home runs. Similarly, in a tough economy, more builders and contractors appear to be adjusting by hitting economic “singles” and “doubles” rather than home runs. So, instead of paying $400k-$600k for...Read More
List Price: $17,900; Sold Price: $85,100 Sure, it was a mess. But this beat-up, bank-owned home was in a prime location — just a couple blocks from the Mississippi, in Minneapolis’ Longfellow neighborhood (the land alone had a tax assessed value of $44k). So it wasn’t surprising to see this home sell quickly. However, even...Read More