Property Tax Assessed Value vs. Fair Market Value Hard as it might be to imagine, there’s actually one scenario where a home’s property tax value can be too low: when it’s about to go on the market. While the assessed value isn’t something that Realtors and Appraisers take into account to determine market value ”...Read More
Blast From the Past** [Note to Readers: The views expressed here are solely those of Ross Kaplan, and do not represent Edina Realty, Berkshire Hathaway (“Berkshire”), or any other entity referenced. Edina Realty is a subsidiary of Berkshire.] So . . . exactly how do you get multiple offers for a home in today’s housing...Read More
Attention Remodelers, Investors: Cedar Lake Home $500k(!) Below Seller’s Cost Where: 3515 Cedar Lake Ave. in Southwest Minneapolis, overlooking Cedar Lake and the downtown skyline. What: 5 Bedroom, 4 Bath Italianate Style, 3-story home with 4,200 finished square feet on a gorgeous double lot. When: Open this Sunday (October 7) from 12 p.m. to 1:30 p.m....Read More
Great Home, Spectacular Price (More Than $400k(!) Below Tax Assessed Value) Where: 3515 Cedar Lake Ave. in Southwest Minneapolis, overlooking Cedar Lake and the downtown skyline. What: 5 Bedroom, 4 Bath Italianate Style, 3-story home with 4,200 finished square feet on a gorgeous double lot. When: Open this Sunday (9/9) from 12 p.m. to 1:30 p.m....Read More
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
