Score
0Bloomington, MN
1301 E 82nd St
320K
2 beds
2 baths
1,298 sqft
2 bd • 2 ba • 1,298 sf
This analysis was generated on 1/26/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
AI Property Analysis
0:000:00 / 0:00
List Price
$320,000
Price/Sq.Ft
$247
Year Built
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
• Price Per Square Foot: The price per square foot is $246.53, which could be competitive depending on the location and condition of the property. A thorough analysis of comparable properties in the area is needed.
• Two Bedrooms and Two Bathrooms: The property having two bedrooms and two bathrooms makes it suitable for small families, roommates, or investors looking for a rental property.
• Rental Market: The current rental rates in Bloomington for a two-bedroom unit are $1410, which indicates a potential for rental income. This needs to be compared to the mortgage payments and other costs.
• Median Income: The median income of $64205 in Bloomington suggests a stable tenant base for rental properties.
The Bad
• No Property Description: The lack of a property description and room details makes it impossible to determine the interior condition and layout. This is a significant red flag.
• Unknown Year Built: The lack of information on the build year makes it difficult to assess the property's condition, potential maintenance needs, and remaining useful life of its systems.
• Lack of Utility Information: The absence of details on utilities means that potential buyers cannot assess utility costs or the efficiency of the systems.
• No Property Features Listed: The absence of any listed features is unusual and makes it difficult to determine what distinguishes this property from others.
The Ugly
• Potential for High Maintenance Costs: Given the unknown year built and lack of property details, there is a high risk of costly repairs. Older homes often have hidden issues such as foundation problems, outdated plumbing and electrical systems, and roof issues.
• Risk of Unexpected Costs: The lack of information makes it difficult to budget for maintenance, repairs, and upgrades. This increases the risk of unexpected expenses.
• Risk of Lower Property Value: Homes in areas affected by airport noise can have lower property values, which could impact future resale potential.
• Potential for Radon: Given that radon is a concern in Minnesota, the property may require testing and a mitigation system, which could add to the cost.
• Risk of Flooding: Depending on the exact location, the property may be in a floodplain, requiring additional flood insurance and mitigation.
Who is this property for?
These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.
Best For
• Investors seeking a rental property with a projected positive cash flow. The two-bedroom rental rate of $1410 against a mortgage payment (assuming 20% down and 7% interest) and the price per sqft of $246.53 suggests a potential for a positive cash flow, although this needs to be verified with a thorough cost analysis.
• Buyers comfortable with potential airport noise. Given the proximity to MSP, this property would suit those who are not sensitive to aircraft noise or who are frequently traveling.
• Buyers seeking a home with convenient highway access. The property's location near major highways may appeal to those who commute or need easy access to other parts of the Twin Cities metro area.
• Buyers who do not need a large yard. The listing does not mention yard size, which may indicate that it is minimal or non-existent.
Not For
• Buyers seeking a quiet, suburban setting. The proximity to MSP and major highways could lead to noise issues.
• Buyers who need a large yard or outdoor space. The listing does not mention a yard, indicating that this property might not be suitable for those who desire outdoor space for children, pets, or gardening.
• Buyers who are very sensitive to noise. The property's location near the airport and highways could be a concern for those sensitive to noise.
• Buyers looking for a very modern or updated home. The lack of details on renovations or upgrades may mean the property requires investment to meet modern standards.
Demographics
Area Median Income
$64,205
Property History
Price History
Ownership Timeline
$113,000Cash Purchase
Sep 23, 1997Vannak Soeung, Seng Kim KanSitha Koy, Pheathra Som
Warranty Deed
Standard Sale (Purchase/Resales)
Sunlight Analysis
Visualize how sunlight affects this property throughout the day and year.
Sunlight Analysis
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Financials
Monthly Costs
Market Rent (2 bed)
Get a detailed estimate on Zillow$1,410
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$320,000
Price/sqft
$247
Layout
2 bd•2 ba
Stats in the Area
Based on 6 comparable properties nearby
Average Price
$280,133
14.2%
Your price is 14.2% above average
Median Price
$300,000
6.7%
Based on 6 recent sales
Price per Sq.Ft
$239
3.2%
Your price is 3.2% above average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 8010 2nd Avenue S, Bloomington, MN 55420 | $300,000 | 1,480 | 3 | 2 | $20317.8% | 11/4/2024 |
| 8525 14th Avenue S, Bloomington, MN 55425 | $319,900 | 1,052 | 3 | 2 | $30423.3% | 11/15/2024 |
| 8230 15th Avenue S, Bloomington, MN 55425 | $376,000 | 1,180 | 2 | 2 | $31929.2% | 9/23/2024 |
| 8243 2nd Avenue S, Bloomington, MN 55420 | $295,000 | 1,140 | 2 | 2 | $2595.0% | 9/6/2024 |
| 7509 4th Avenue S, Richfield, MN 55423 | $260,000 | 1,134 | 3 | 2 | $2297.0% | 9/5/2024 |
| 8935 Old Cedar Avenue S #104, Bloomington, MN 55425 | $129,900 | 1,094 | 2 | 2 | $11951.8% | 7/30/2024 |
8010 2nd Avenue S, Bloomington, MN 55420
Price: $300,000
Sq.Ft: 1,480
Beds/Baths: 3/2
$/Sq.Ft:
$20317.8%
Sale Date: 11/4/2024
8525 14th Avenue S, Bloomington, MN 55425
Price: $319,900
Sq.Ft: 1,052
Beds/Baths: 3/2
$/Sq.Ft:
$30423.3%
Sale Date: 11/15/2024
8230 15th Avenue S, Bloomington, MN 55425
Price: $376,000
Sq.Ft: 1,180
Beds/Baths: 2/2
$/Sq.Ft:
$31929.2%
Sale Date: 9/23/2024
8243 2nd Avenue S, Bloomington, MN 55420
Price: $295,000
Sq.Ft: 1,140
Beds/Baths: 2/2
$/Sq.Ft:
$2595.0%
Sale Date: 9/6/2024
7509 4th Avenue S, Richfield, MN 55423
Price: $260,000
Sq.Ft: 1,134
Beds/Baths: 3/2
$/Sq.Ft:
$2297.0%
Sale Date: 9/5/2024
8935 Old Cedar Avenue S #104, Bloomington, MN 55425
Price: $129,900
Sq.Ft: 1,094
Beds/Baths: 2/2
$/Sq.Ft:
$11951.8%
Sale Date: 7/30/2024
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