High Demand Location Close to Lakes, Parks & Downtown Minneapolis Once upon a time — like, 1980 — there were about 50 ramblers on large lots in St. Louis Park’s Fern Hill neighborhood. Today? I’d estimate that there are only about 30 left — make that, 29 after the recent bulldozing of 2512 Inglewood (photo,...Read More
The $1.990 Million Potential Tear-down in Edina’s Parkwood Knolls Neighborhood One of the biggest misconceptions in residential real estate is that, to be a teardown, a home must first be falling down. Hardly. All “tear-down” means is that the home is less valuable than the land underneath it. That can be the case for at...Read More
“Location” x 3 Quick! Test your knowledge of today’s Twin Cities housing market, and guess how much this Spartan-looking, 400 square foot cottage in South Minneapolis is listed for: A. $89k B. $149k C. $249k D. $400k Before I give the answer, here are a couple clues: —-The property is located just west of Cedar...Read More
Subjective Tolerance Levels First, the good news: assuming the house is a couple of decades old (or older!), the settling is very likely historic. So, for a home that was built in say, 1925, the settling likely occurred (and stopped) by 1927. The bad news? It’s (very) hard to correct. It’s possible to use floor...Read More
Housing Market Misnomers One of the biggest misconceptions in residential real estate is that, to be a teardown, a home must first be falling down. Hardly. All “teardown” means is that the home is less valuable than the land underneath it. That can be the case for at least two reasons other than physical condition:...Read More
Housing Market Misnomers One of the biggest misconceptions in residential real estate is that, to be a teardown, a home must first be falling down. Hardly. All “teardown” means is that the home is less valuable than the land underneath it. That can be the case for at least two reasons other than physical condition:...Read More
