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2531 4th Street Northeast

2531 4th Street Northeast, Minneapolis, MN 55418
Multifamily in Holland
Sold May 11, 2021
$360,000
$353,479 by Mortgages Unlimited Inc
Mortgage Due Jun 01, 2051
Sold Jul 23, 2019
$309,000
$293,550 by Broker Solutions Inc
Mortgage Due Aug 01, 2049
2531 4th Street Northeast in Minneapolis, MN was first built in 1900 and is 124 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a duplex style. There are a total of 2 floors. There are a total of 9 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 2531 4th Street Northeast has 2,198 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 300 ft and the linear feet between the front and back of the lot is 1,230. In total, the area measurement of the land is 3,485 square feet.

Learn more about the property and building on this page. The home has a gable style roof made of asphalt. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with wood control joints. The quality of the control joints have been graded by the local assessor with a letter grade of D. The condition of the building has been evaluated as average. The exterior walls of the home are made of alum/vinyl siding. As for heating, the home is utilizing a forced air unit. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 2531 4th Street Northeast was last sold in Apr 26, 2021 for $360,000. According to our calculations, that's $163.79 per sqft. Prior to that sales transaction, the property was sold for $309,000 in Jul 19, 2019. Current property owners are expected to pay $7,106 in taxes per year. The property on 2531 4th Street Northeast was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $336,000. To break that down further, the land itself was valued at $86,000. While improvements to the property were assessed at a total of $250,000. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

Building Features

Exterior

Vinyl Siding
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Total Rooms: 9
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: D
  • Construction Type: Wood
  • Building Style: Duplex
  • Exterior Walls Type: Alum/Vinyl siding
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Basement Type: Unspecified basement
  • Basement Area: 275
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 3,485
  • Lot Size Depth Feet: 1,230
  • Lot Size Frontage Feet: 300
  • Total Building Area: 2,198
  • Gross Building Area: 2,198
  • Building Area: 2,198
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Forced air unit
  • Heated Square Feet: 2,198
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: PHILLIPS ADDN TO MPLS
  • Land Acres: 0.08
  • Standard Land Use Code: Duplex (2 units, any combination)
  • Legal Description 1: 018 002 PHILLIPS ADDN TO MPLS N 30 FT 30 X 123.43

Ownership

  • Current Owner : SEARCY LEONARD THOMAS
  • Previous Owner : BJERKE MAXWELL JACOB
  • Owner Before Previous Owner: BRESNAHAN JASON
  • Owner Before Previous Owner 2: BRESNAHAN AMY
  • Is Owner Occupied: Owner-occupied property
  • Owner Generation Identifier: JR

Neighborhood

  • School District Name: Minneapolis Public School District
  • School Tax School District: MINNEAPOLIS
  • Census Tract: 101800

Zoning

  • Zoning: R2B

Geography

  • Assessors Map Reference: MB:03410
  • District: 01
  • Parcel: 11-029-24-24-0041
  • Block: 2
  • Lot: 18
  • Meridian: SEC 11 QTR 24 TWN 029 RNG 24
  • Municipality: MINNEAPOLIS
  • Latitude: 45.0142
  • Longitude: -93.2613

    Address

  • Full Address: 2531 4th St Ne
  • Address - House Number: 2531
  • Street Segment Direction: NE
  • Address - Street Name: 4th
  • Address - Suffix Type: St
  • State: MN
  • City Name: Minneapolis
  • Carrier Code: C023
  • 4-Digit Zip Code: 3436
  • Zip Code: 55418

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $7,106

    Appraisal Valuation

  • Standard Deviation: 0.1713
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 78
  • Final Value: 393,321
  • High Value: 460,707
  • Low Value: 325,934

    Open Liens

  • Total Open Liens: 3
  • Total Open Liens Amount: $728,977
  • First Open Lien Mortgage Lender: MORTGAGES UNLIMITED INC
  • First Open Lien Mortgage Recording Date: May 11, 2021
  • First Open Lien Mortgage Loan Amount: $353,479
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Jun 01, 2051
  • Second Open Lien Mortgage Loan Amount: $360,000
  • Second Open Lien Mortgage Position: 2
  • Third Open Lien Mortgage Lender: SECRETARY/HOUSING & URBAN DEV
  • Third Open Lien Mortgage Recording Date: Oct 24, 2023
  • Third Open Lien Mortgage Loan Amount: $15,498
  • Third Open Lien Mortgage Term: 331
  • Third Open Lien Mortgage Position: 3
  • Third Open Lien Mortgage Loan Type: FHA
  • Third Open Lien Mortgage Loan Due Date: Jun 01, 2051

    Market Valuation

  • Market Total Value: $336,000
  • Market Land Value: $86,000
  • Market Improvement Value: $250,000

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $336,000
  • Assessed Land Value: $86,000
  • Assessed Improvements Value: $250,000

    Sales

  • Current Sale Contract Date: Apr 26, 2021
  • Current Sale Recording Date: May 11, 2021
  • Current Sale Transaction ID: 11838800321
  • Current Sale Price: $360,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: A10960209
  • Previous Sale Recording Date: Jul 23, 2019
  • Previous Sale Contract Date: Jul 19, 2019
  • Previous Sale Amount: $309,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: MORTGAGES UNLIMITED INC
  • First Mortgage Transaction Date: May 11, 2021
  • First Mortgage Loan Amount: $353,479
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Jun 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: BROKER SOLUTIONS INC
  • Previous Mortgage Transaction Date: Jul 23, 2019
  • Previous Mortgage Loan Amount: $293,550
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Aug 01, 2049

About Northeast Minneapolis



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Nearby Rentals

Unit for rent at

$1,995 /mo

  • 1 Bed
  • 1 Bath
  • 1,061 ft²
Listing by Zachary Olson
Unit for rent at

$2,060 /mo

  • 1 Bed
  • 1 Bath
Listing by Lucas McDonough
Unit for rent at

$2,100 /mo

  • 2 Beds
  • 1.5 Baths
Listing by Tylor Johnson
Unit for rent at

$1,895 /mo

  • 1 Bed
  • 1 Bath
  • 842 ft²
Listing by Timothy Carson
Unit for rent at

$1,995 /mo

  • 1 Bed
  • 1 Bath
  • 1,000 ft²
Listing by Lydia Von Drasek
Unit for rent at

$1,895 /mo

  • 1 Bed
  • 1 Bath
  • 982 ft²
Listing by Zachary Olson
Unit for rent at

$2,128 /mo

  • 2 Beds
  • 2 Baths
  • 1,052 ft²
Listing by Lucas McDonough

Frequently Asked Questions

What neighborhood is 2531 4th Street Northeast located in?
The 2531 4th Street Northeast is a multifamily located in the neighborhood of Holland in Northeast Minneapolis, Minneapolis.
What is the average sales price for listings in 2531 4th Street Northeast?
The average sales price for units in 2531 4th Street Northeast is $0 currently.

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