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
From Floor to Ceiling Last year, 90% of you were in the top 10% of your class. Today, 90% of you are in the bottom 90% of your class. –Stanford Dean of Admissions Fred Hargadon, to each incoming class at freshmen orientation Five years ago, if a home’s tax assessed value was relevant at all...Read More
Minneapolis’ Most Discounted Condo? I’ve blogged previously about deeply discounted single family homes in the Twin Cities. A second-floor condo (#201) in The Edgewater (pictured above) may very well be the Twin Cities’ most discounted condo. Now at $749,823, the unit was originally listed for $1.981 million almost exactly three years ago. That’s a whopping...Read More
2011 Hennepin County Property Taxes Every time I think I’m a Democrat, they do something stupid. Every time I think I’m a Republican, they do something greedy. –Jay Leno What do you call proposing to steeply raise property taxes against a backdrop of weak home prices and an economy just emerging, maybe, from recession? How...Read More
List Price = $800k, Tax Value = $400k As I’ve written previously, a home’s tax assessed value isn’t particularly relevant for establishing a home’s actual, what-will-it-sell-for market value. Rather, fair market value is determined by: a) scrutinizing the comp’s, or comparable sold properties, to set a list price; then b) testing it on the market....Read More
70% Off! Where: 30xx Colfax Ave. South in Minneapolis’ Uptown neighborhoodWhat: Uptown Triplex with 2,700 FSFHow much: $166,250When: listed yesterday (9/30) with Coldwell Banker Burnet Once upon a time — like 2006 — this Uptown property was listed for $550,000. Today, it can be purchased from its bank-owner for $166,250. It comes with a $7,000...Read More
