Minneapolis, MN Real Estate News

By Shar Sitter, Home Staging and Redesign Minneapolis/ St. Paul, M
(Rooms With Style)
Inexpensive Kitchen Updates for Low End Homes - Home Staging Minneapolis MN Yesterday I wrote a post "Is Home Staging A Good Investment for Low End Homes?". My focus was a home that was going to be listed for $80,000 including a brand new garage just being built. That price is well below the median price of a home in the Minneapolis Metro area. So, is home staging a good return on the investment for low end homes? Yesterday's post showed the living room and dining room as well as the selling results. Today I wanted to show you the difference specifically in the kitchen. Remember this fact...."KITCHENS SELL HOMES". That statement isn't qualified by "unless the home is under $200K" or whatever number you set. It applies to ALL homes regardless of price. So in this tiny low end home in a t...
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By Shar Sitter, Home Staging and Redesign Minneapolis/ St. Paul, M
(Rooms With Style)
Is Home Staging A Good Investment for Low End Homes? Home Staging Minneapolis, MN That is a question I get a lot. "This isn't a high end home, will home staging provide a good return on the investment?" The investment in home staging can vary of course with the smallest investment being a Home Staging Consultation. The next level for cost is what I call 'Hands on Staging' or 'Owner Occupied Staging' and the third and usually the most costly is 'Vacant Home Staging'. I was called by an investor to give her a bid to stage a vacant low-end home in shall I politely say 'not the best area' of Minneapolis. The list price was going to be approximately $80,000 and that was to include a brand new garage yet to be built. So you can see.....the home was well below the median home price. This home ...
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By Danny Dietl, Buy, Sell, Lease - iMetroProperty.com
(www.dannyrealestate.com)
Minnepeapolis Condos - What is believed to be the largest purchase for a single Minneapolis condo residence ever just closed on Oct. 31st, 2011. It was a combined purchase of the entire 17th and 18th floor, 3 penthouse units, located at 222 2nd Street SE or better known as The Phoenix on the River. This building is located just across the river from the Mill District, it has 80 residences and river views. Fore more information on The Phoenix on the River visit the link. Here's some numbers to wrap your head around: Purchase price: $6,950,000 Total SQFTt: 18,172 $/SQFT: $382 (if that number looks a little low for a luxury river front condo, well it is, except that the sale came UNFINISHED.) Association Dues: per month, $7,574 per year, $90,888 Property taxes: $97,335 Estimated cost to fi...
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By Eric Kodner, Wayzata Lakes Realty: Twin Cities, Madeline Island
(Wayzata Lakes Realty: Eric Kodner Sells Twin Cities Homes)
  Cache at the Casket Arts Building in NE Minneapolis   You won't want to miss the "Cache at the Casket" art crawl, going on this weekend at the Casket Arts Building, 681 17th Avenue NE, in Minneapolis. Yesterday evening, I had the good fortune to run into friends and clients at the event.  New Madeline Island summer resident Matt Sturgis was there, exhibiting his bronze sculptures in studio 207.  And I ran into friends Todd Shipman and Brad Bernstein on the second floor, where Brad was displaying his custom jewelry (Todd is a fellow Twin Cities Realtor with Sotheby's Real Estate). [Bronze sculpture by Matt Sturgis, on display at "Cache at the Casket" Exhibition, November 4-6, 2011]   You'll also find delights on display such as Cecelia Schiller's custom wood carving and "automata" kine...
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By Sharlene Hensrud, Realtor. Listener. Knowledgable. Patient.
(RE/MAX Results - HomesMSP.com)
Loring Greenway is an urban walkway that connects Nicollet Mall with Loring Park, the city park that gives its name to the Minneapolis neighborhood ranked 2nd most livable by Twin Cities METRO magazine. If you aren't familiar with it you might not even realize it's there... but this urban walkway gets heavy use by thousands of people every day. One entrance is across the street from the Berger dandelion fountain on the western edge of Loring Park. It meanders past condos, townhouses and apartments as it makes it way through gardens, fountains, and a playground on its way to Nicollet Mall... across the street from Westminster Presbyterian Church where a Paul Granlund sculpture bursts forth. Designed by noted landscape architect M. Paul Friedberg, it is very fitting that Peavey Plaza, whi...
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By Ben Ganje + Partners, Minneapolis Market Leader
(Lakes Sotheby's International Realty)
 The Carlyle Condos is a luxury high rise condominium building located on the banks of the Mississippi riverfront in downtown Minneapolis.  The inspiration for the exterior of the tower comes from the post office which sits to the north and has a similar feel and is composed in the art deco theme.  The Minneapolis condo market has a shortage of luxury condominiums making this building attractive to all ages and lifestyles.  The building has 252 units with all sorts of sizes and layouts starting at around 1000 square feet for a 1 bedroom unit that sells in the 300s all the way up to units over 3000 square feet and sell for over $1M.  For more details on the Carlyle Condos check out the blog Carlyle Condos Minneapolis or call Ben Ganje, Downtown Resource Group.       Location: 100 3rd Ave...
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By Ben Ganje + Partners, Minneapolis Market Leader
(Lakes Sotheby's International Realty)
  Last week Dorie Dillard in Austin wrote a great post that got me thinking about how a good chunk of Buyers out there look at the real estate market.  Buyers these days are lost at sea out there bombarded by anyone and everyone that thinks they are a *real estate expert*.  The only thing most can do is cling to a sense of entitlement and believe in the negativity of the macro level forces.    If your business involves working with buyers of all sorts then I want to stress something that will define ultra successful agents of the future relative to those that are fine with the current status quo:    The agent who clearly articulates not just the buying process to a buyer, but also the current market environment (on a localized scale) and inspire them to make a decision to purchase soone...
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By Shar Sitter, Home Staging and Redesign Minneapolis/ St. Paul, M
(Rooms With Style)
Excuse my language but one of the first things the investor said when he called me was, "I am trying to polish a turd". Well, okay. I can't say I had ever done that before but I was up for the challenge!  Home Staging was new to this investor but he felt he needed some help on this vacant investment property in Minneapolis, MN. He was thrilled with the home staging results but even more thrilled when he received an offer a week later. This home was in the process of being condemned by petitions from the neighbors. Yes, it was that bad. Weeds half way up the outside walls, total destruction inside. I can see why the neighbors wanted it torn down. But this investor had the gumption to take it on and save the home. When I saw it he had already done an incredible amount of work. Take a look...
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By Danny Dietl, Buy, Sell, Lease - iMetroProperty.com
(www.dannyrealestate.com)
Homes for sale in Minneapolis, MN under $200,000 - Minneapolis is a great city with a current supply of affordable housing under $200,000. With interest rates at historic lows there is now an opportunity for home buyers to get not only low priced homes, but also cheap mortgages which make the overall cost of ownership even lower. Different neighborhoods all over the city have lots of options so depending on what you're looking for whether it be proximity to work, friends and family or certain neighborhood characteristics you should be able to find homes for sale in Minneapolis, MN under $200,000. From our website you can search all real estate currently available including the surrounding suburbs. Go check out homes for sale in Minneapolis, MN under $200,000.
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By Danny Dietl, Buy, Sell, Lease - iMetroProperty.com
(www.dannyrealestate.com)
720 Lofts is located in the North Loop (also known as the warehouse district) in downtwon Minneapolis. This area has seen a tremendous change in the last decade or so as it's evolved from primarily industrial buildings and office space to one of the more popular areas for residential living. 720 Lofts sits on North 4th Street where a string of buildings where built since around 2003. The building is contemporary, but blends nicely with the more historic, industrial style buildings. The lofts are bright and offer residents an outdoor balcony, concrete floors, large windows, modern finishes, underground heated parking and a secure building. 720 Lofts also offers great, easy access to major freeways, walking distance to Target Field, a local dog park, great neighborhood restaurants, coffee...
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By Danny Dietl, Buy, Sell, Lease - iMetroProperty.com
(www.dannyrealestate.com)
Linden Hills Minneapolis- Southwest Neighborhood The Linden Hills Minneapolis Neighborhood is located in Southwest Minneapolis and borders East Edina, Lake Calhoun, Lake Harriet and West 47th Street (Fulton Neighborhood.) Linden Hills Minneapolis, named for it's abundance of Linden Trees and hilly terrain, is like a small town in a big city. Linden Hills Minneapolis residents even claim their busiest commercial area between 44th-46th and Upton to be thier downtown. This area consists of a bakery, library, dentist office, hardware store, the popular Sebastian Joe's Ice Cream, small shops and a handfull of boutique restaurants. Other than the commercial center in Linden Hills residents enjoy Linden Hills Park, Beard's Plaisance (which overlooks Lake Harriet and is frequently used for comm...
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By Danny Dietl, Buy, Sell, Lease - iMetroProperty.com
(www.dannyrealestate.com)
  Downtown Minneapolis Condos 3 Tips to Saving Money Buying Minneapolis Condos is different in a lot of ways than buying a single family home.  Minneapolis Condos  have some of the same variables, but also additional ones to consider. In the video below we'll look at 3 things to consider to help you save money when purchasing Minneapolis Condos. Know your numbers: With Minneapolis Condos , more than single family homes, the dollar/sqft is a very importan number to look at when determining a value. Other numbers to consider is the average sales price compared to the original list price, days on market and how much inventory there is. 2.) Understand the Home Owner Association dues. HOA dues vary from building to building in  Minneapolis Condos.  Is heat included? Cable TV? How is the fina...
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By Jennifer Kirby, The Luxury Agent
(Kirby Fine Homes)
They may not exist in vast numbers, but currently there are 51 condominium units available city wide priced over $1 Million. Here is the top five countdown for most expensive luxury condominiums in the Twin Cities area:  Phoenix on the River in Minneapolis – trying to live up to its luxury billing, the most expensive unit for sale in the Twin Cities could be yours for a mere $4 Million. It is located across the river and has fantastic penthouse views of downtown. With 3 bedrooms/5 bathrooms and over 6200 square feet this condo unit is under construction so right now it is only a dream. The Harrington House in Wayzata– this three bedroom/three bath unit has over 4400 square feet, with amazing views of Lake Minnetonka. A few years ago these units were topping $5 Million,  but this unit is...
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By Don Sabinske, Sabinske & Associates Inc.
(Don Sabinske, Sabinske & Associates Inc.)
New Listing as of about 3 hours ago! This is a great 3 bedroom, 1 and half bath property is close to the transit system. It is very attractive with hardwood floors, built in the thirties when they could really make houses. Expect a great deal of amenities and a lot of charm for only $75,000. There are some great comps in the area for this price, and it has a back patio with partial fencing if you have a pet or kids. Most of the homes in the neighborhood are stucco as was the style in that era and it is just minutes away from parks, shopping and schools.  If you are looking for a great bargain to get into your first home, this might be your new address, 3404 Newton Avenue North, Minneapolis, Minnesota!    Call me for a showing or for other homes that can make your dreams come true.
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By Danny Dietl, Buy, Sell, Lease - iMetroProperty.com
(www.dannyrealestate.com)
Minneapolis Real Estate Market Update It's officially fall here in Minneapolis and the fall market is here as well. As we continue to get mixed news on the national and world economy's it can be a little difficult to make sense of everything. For every piece of good news there also bad news. So deciphering what the numbers mean can be a little difficult, but we'll look at what is going on in the Minneapolis Real Estate market. For a full look at the numbers you can visit our main site to see what's going on with Minneapolis Real Estate. One of the biggest positives we can take from the year to date August numbers over last year is the drop in inventory and new listings being down nearly 16%. This is an important number because one of the biggest problems with the Minneapolis Real Estate...
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By Reuben Saltzman, Delivering the Unbiased Truth.
(Structure Tech Home Inspections)
There's a prevailing myth in the real estate industry that a townhouse inspection is far easier than a single family home, takes less time, and uncovers fewer defects.  False, false, and false.  When we quote a price for a townhouse inspection, we always quote the inspection fee exactly as we would for a single family home.  Why?  Because townhouses are usually just as much work to inspect as a single family home, and they have all the same problems.  We conduct townhouse inspections in the same manner as single family homes... including the common areas. “But you don’t need to inspect the common areas, they’re owned by the association.” That's a common objection given by home buyers or real estate agents.  It's true, the common areas are typically owned by the association... but who ow...
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By Elizabeth Weintraub Sacramento Broker, Put 40 years of experience to work for you
(Elizabeth Anne Weintraub, Broker)
It's not unusual to own two cars, if you live in Minnesota. You have your summer vehicle and your winter car. This is a photo of the winter version. I found it over on "Eat Street," Nicollet Avenue by 28th. This area was just beginning to boom when I left Minneapolis for good. Dozens of new restaurants, lots of new construction. When I first moved to Whittier, all of my friends thought I was nuts. It was much tonier to live in the Wedge or Kenwood or Uptown. Or near Lake of the Isles, like Mary Tyler Moore. Sane people did not buy a home in the scary part of town. Except it wasn't the scary part of town. Not much more crime in Whittier than anywhere else except maybe Powderhorn, and even part of that is just perception. This is one of the secrets to making money in real estate, though. ...
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By Elizabeth Weintraub Sacramento Broker, Put 40 years of experience to work for you
(Elizabeth Anne Weintraub, Broker)
When some things change, other things stay the same, thank goodness. Sure, Minneapolis finally fixed that horrible Crosstown / 35W interchange. I heard that for a while they had you going to the left, and then a while later you were going to the right, as though the planners could not decide which way they wanted you to go. Sorta like a short sale negoiator at AMS, working on behalf of Bank of America. Back in the old days, I was hit by a driver going east on the Crosstown Highway. It used to be you had until you reached the top of the hill as your last chance to cut into the line. Some drivers would pull over at the bottom of the hill and slide into the long line waiting to exit onto 35W. Those are the passive drivers. But not me. I knew if I caught the eye of the driver, flipped my tu...
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By Elizabeth Weintraub Sacramento Broker, Put 40 years of experience to work for you
(Elizabeth Anne Weintraub, Broker)
Preserving historic structures seems to become more important to me the older I become. There is something unnerving about driving around a city where I grew up, like Minneapolis, and not recognizing entire intersections. That's because life goes on without you. No big surprise there. However, if a bunch of buildings and homes have vanished, it's like part of your own life has been erased as well. Because real estate creates memories, and memories validate your life. We are all connected by real estate. I understand now why my mother used to drag us kids to places like Nankin or The Forum for lunch. Because those restaurants no longer exist. But I had an opportunity to know that experience, something my niece, unfortunately, does not. Almost everything on 7th Street between Nicollet and...
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By Elizabeth Weintraub Sacramento Broker, Put 40 years of experience to work for you
(Elizabeth Anne Weintraub, Broker)
When you get off the plane in Minneapolis, which you boarded in Sacramento, the humidity hits you like a ton of bricks. I have lived in Sacramento for 9 years now. I have taken dry heat for granted. It's like you don't even notice it. I mean, I'll be out in the back yard yanking a few weeds out of the garden when all of a sudden beads of perspiration will roll down the side of my face. I'll think: what is that? Where did that come from? Oh, yeah, right, it's 95; I forgot. You don't forget when it's 95 in Minneapolis. It's like a Turkish bath. Not that I have ever been to a Turkish bath but one day I will go. The reason I have not yet gone to Turkey is because Greece is right next door. I hear the two countries do not get along. So, if you're going to visit that part of the world, you mi...
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