Minnetonka
REAL ESTATE
Minneapolis Opens Application Window for NOAH Fund Loans to Maintain Affordable Housing
Starting June 17, the city throws open the doors for application to the Naturally Occurring Affordable Rental Housing (NOAH) Preservation Fund loans, a lifeline for housing providers and burgeoning real estate developers aiming to snatch up unsubsidized housing to keep it affordable, stamping out the risk of displacement, according to the City of Minneapolis. They've got a six-week shot to sling their paperwork before the window clangs shut at 4 p.m. on July 29.
Goal is to preserve older housing stock, Heights initiates time-of-sale inspection program
Truth-in-housing inspections have been required in Minneapolis and St. Paul for many years. As of May 22, they’re now part of the home-selling process in Columbia Heights. It’s called a Time-of-Sale inspection, and its primary goal is to ensure that homes sold in the city meet basic city safety codes. The inspection does not apply to properties listed for sale before May 22.
Twin Cities prices keep rising, despite a gloomy forecast back in January
Data: FHFA. Map: Axios VisualsTwin Cities home prices continue to rise, refuting a gloomy forecast back in January. By the numbers: Zillow predicted the Twin Cities would be among the five coolest metro areas in the U.S. for home sales and that prices would fall by 3% in 2024. If Zillow's forecast had played out, it would have been the first home price decline in the Twin Cities since 2011. Reality check: Twin Cities home prices were up 3.7% in the first quarter of the year, according to the Federal Housing Finance Agency. Median sales prices have increased every month of...
Mound mulls plan for proposed Halstead Bay development
Pine Financial Group Inc., a property investment company based in Colorado, has put forth a concept plan for a proposed development called “Halstead Estates” that straddles Mound and Minnetrista. The proposed development site occupies a 1.66-acre parcel located at 6639 Bartlett Boulevard. During the May 15 Mound City Council meeting, Rita Trapp, the city’s planning consultant, detailed the proposal, which comprises eight row houses, two duplexes, and one single-family home, totaling 13 units on the Mound side of the project. Additionally, the concept plan encompasses...
Revamped Mill District loft overlooking Stone Arch Bridge lists for $2.5 million
This spacious loft overlooking the Stone Arch Bridge with an enormous private patio is now on the market.Located at 117 Portland Ave, it's listed for $2.5 million.Why we love it: Its 2018 redesign kept original details like exposed limestone brick but transformed the two-story corner unit into a loft-like space with soaring ceilings and oversized windows showing off downtown Minneapolis views.Plus: Though the condo is steps from Mill District amenities, it feels secluded — owners have their own private entrance and a 1,000-square-foot stone patio with walls that hide it from street view.Layout: The 2,890-square-foot condominium has one bedroom, three bathrooms, and four garage spots.Interior features: Exposed brick, large gas fireplace, high ceilings, new windows, kitchen island with cooktop, walk-in closet, double shower.Exterior features: Private entrance, patio, underground heated garage, electric vehicle charger.Take a look around... All photos by Spacecrafting, courtesy of Beth Andrews with Coldwell Banker Realty.
‘The Modern Scandi’ stands out, even in high-end Linden Hills
Linden Hills has no shortage of high-end new-build homes. But the local developer behind 4529 Chowen Ave. S says his is different. “The Modern Scandi” is a five-bed, four-bath, 4,210 square foot single-family house on an oversized lot a few blocks from the neighborhood’s shopping district, at 43rd Street and Upton Avenue. It was one of six “dream homes” on this spring’s Twin Cities Parade of Homes. And for a cool $1.795 million — or best offer — it could be yours.
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