Tag

tax assessed value

What’s Selling . . . Fern Hill

Where: 2537 Joppa, in St. Louis Park’s Fern Hill neighborhood, 2 blocks west of Cedar Lake. What: 1 1/2 story home built in 1950 with almost 2,000 finished square feet. How (much): listed for $285,000 When: market time = 2 weeks (listed August 27); scheduled to close Oct. 15 (currently “Pending” on MLS) Who: sold...
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$700k Below Tax Value

Not $700k — $700k Below Tax Assessed Value Where: 1415 June Ave., South Tyrol Hills in Golden Valley What: 4 BR/5BA home built in 2002 with almost 5,400 finished square feet. How much: $799,900 asking price; tax assessed value: $1.504M When: originally listed for $1.679 million in March, 2009 Who: Listed with RE/MAX Results Well,...
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Selling Price as % of Tax Assessed Value

Tax Assessed Value as Benchmark No, I don’t have any hard data backing me up (and don’t have the time to compile it), but at least anecdotally, it sure seems that there’s a correlation between year built/last sale, and fair market value. Here it is: The newer the construction date/last sale, the higher the percentage;...
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BIG Edina Discount

Great Value Overlooking Lake Edina Where: 4904 Poppy Lane in Edina What: 4 BR/3BA walkout rambler with 4,200 FSF and pool overlooking Lake Edina How (much): $699k Who: listed by Steve Stewart; broker is Edina Realty Historically, homes in Edina enjoyed some of the best appreciation in the Twin Cities — and weathered economic downturns...
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Oh, Yeah: There’s a House, Too

Where: 28xx Benton Blvd. What: 4BR/3BA home with 3,400 FSF; built in 1921 How much: asking price $1.050M When: originally listed July 20, 2009 Who: listed by Coldwell Banker Burnet Normally, the land underneath a home accounts for one-quarter to one-third of a home’s tax assessed value. So, for a home worth $300k, the land...
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Cedar Lake Steal?

Where: 16xx Cedar Lake Parkway, just northwest of Minneapolis’ Cedar Lake What: 2,500 sq. foot. contemporary overlooking the lakeHow (much): list price is $247,900 When: (re)listed January 22 Who: co-listed by Teams International and RE/MAX Associates You could easily spend $1 million-plus (still) for a home overlooking Cedar Lake in Southwest Minneapolis. So, it’s attention-getting...
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