“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
Calculating the “Rent Ratio” Sometimes, the decision whether to buy a home or not seems to require an economics Ph.d. Are interest rates headed higher? How strong is the economy? Are home prices now recovering, or will there be a “double-dip?” It’s enough to make your head spin — or hurt. If the foregoing (unanswerable,...Read More
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
Bryn Mawr New Construction What: 4 BA/4BA new construction with 3,500 FSF. Where: 20xx Laurel Ave., in Minneapolis’ Bryn Mawr neighborhood (just southwest of downtown). How (much): $739.9k list price Who: Coldwell Banker Burnet (broker); Steven Gouert (agent) When: on market 11/16/09 Hard not to notice this dramatic new list — that’s the point! The...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 Than Meets the Eye (For a Change) Where: 1802 Colfax Ave. South, in Minneapolis’ Lowry Hill neighborhood What: all brick 6BR/5BA; almost 6,400 FSF on a double lot How much: $1.195M When: originally listed 8/08; two, $100k price cuts since then It isn’t often these days that the photos on MLS don’t do justice...Read More
