Real Estate Math I showed clients an upper bracket Edina home yesterday that’s been languishing on the market — at ever-lower prices — for 3(!) years. The reason(s) became apparent literally 10 steps in the door: every square foot of the very large home needs updating (the online photos nicely camouflaged that). Given the home’s...Read More
Guess What’s Happening But for the calendar, you might guess that a tornado took off this home’s roof (parts of the South may get tornadoes in January — but not Minnesota). Yet, all that lumber in the front yard clearly indicates that something is going on here. Clues #2 & #3: the neighboring homes with...Read More
In a post last Fall titled, “2nd Story Coming Soon?“, I speculated that this Dean Parkway rambler (above) just north of the Midtown Greenway would be super-sized. It turns out my timetable was premature, and that the existing home was destined to be scraped, not expanded. But my instincts were right. Here’s what the site...Read More
Back in (snowy) March, I noted the sign (above) heralding a “new construction opportunity” in my post, “Real Estate Euphemisms — New & Improved.” Sure enough, four-plus months later, a new home is going up on the site, just south of Minneapolis’ Lake Calhoun. Or at least the beginnings of one — for now, the builder...Read More
New and (Very) Improved: 2712 Joppa in St. Louis Park’s Fern Hill Neighborhood In the, umm . . . spirit of Dickens’ A Christmas Carol, I offer up 2712 Joppa, a teardown-in-progress in St. Louis Park’s Fern Hill neighborhood just west of Cedar Lake (runner-up title: ‘A Tale of Two Properties’). This is what the front...Read More
Days on Market: 1 Percentage of Asking Price: 100% Where: 5231 Washburn Ave. South in southwest Minneapolis’ Fulton neighborhood. What: 5 Bedroom/4 Bath new construction with 3,680 finished square feet. When: on the market June 6; sold June 7 (closed August 7). How much: listed and sold for $825,000. Who: listing agent — Charlie Marggraf; selling agent...Read More
