Hennepin County: “Land Value $164,800; Building Value $9,700” Number of Bedrooms: 0. –MLS Test your knowledge of today’s Twin Cities housing market, and guess how much this Spartan-looking, 400 square foot cabin in South Minneapolis is listed for: A. $89k B. $149k C. $249k D. $299k Before I give the answer, here are a couple...Read More
Value is in the Land (Duh!) As both a Realtor and a self-confessed number cruncher, I couldn’t resist asking two questions after seeing the headline (above) in USA Today: One. What kind of annual return does that represent? To answer that, you (also) need to know that the actress Eve Plumb bought the 850 square...Read More
“1/1/1,” or, Can You Say, “Teardown?” Yes, it’s hard to see. But, if you look closely, you’ll see an itty-bitty home — all 560 square feet of it — in the left center of the top photo. The close-up shot (below) helps, a little . . . P.S.: “1/1/1/” stands for “one Bedroom, one Bathroom, one-car...Read More
“But, Does She Have Grandkids Yet?” The duplex at 21xx Irving Ave. South just Northeast of Lake of the Isles in Minneapolis’ Kenwood neighborhood originally came on the market in Spring. Spring, 2007 — that is. Asking price: $1.2 million. After some short intervals off the market, and a couple intervening price reductions, it’s still...Read More
