Powderhorn Park Duplex for $18,000Where: 30xx 11th Ave. South, in Minneapolis’ Powderhorn Park neighborhood.What: listed on MLS as a duplex with 8 Bedrooms and 4 Baths, “rehab needed.”How much: Listed for $19,000; sold for $18,000 (tax assessed value = $83,500).When: listed 9/15; closed 10/21. Clients asked me to look up how much this South Minneapolis...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
Blueprint for Fixing a Broken System If something exists, it must be possible.–Amy Lovins After decades of ineffective band-aid’s, senior government officials finally “bit the bullet” and commited to a long-term fix. First, they came up with a design that would meet 21st-century needs. Then they raised enough capital to overhaul the old, antiquated system,...Read More
Home Focus: 38xx Harriet Ave. (South Mpls.) What: 2 BR/2 BA; 1,364 FSF in South Minneapolis’ Kingfield neighborhoodWhen: On market 4/17/09; closed: late MayList Price: $75,000Sold Price: $91,000% Over List: 21% This home sold for $91,000 — a mere 21% over asking price. I was told that there were at least 8 offers on this...Read More
Where: 37XX 17th Ave. South, Minneapolis What: 4 BR/2 BA, 2,386 FSF When: on market, April 3; closed, May 22; days on market: 2 How much: list price – $88,900; sold price – $121,000 Want an example of a too-cheap foreclosure setting off a feeding frenzy? This spacious 1 1/2 story (much bigger than it...Read More
