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3148 Bryant Ave S
Score
0
Minneapolis, MN

3148 Bryant Ave S

475K
4 bd • 3 ba • 3,140 sf

This analysis was generated on 2/6/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

AI Property Analysis

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0:00 / 0:00
List Price

$474,900

Price/Sq.Ft

$151

Year Built

1915

AI Property Analysis

A comprehensive evaluation of this property's features, market position, and investment potential.

The Good

• The property is a spacious single-family home with 3,140 square feet, offering ample living space for a family. The price per square foot is $151.24, which is competitive for the Minneapolis market. • The home has 4 bedrooms and 3 bathrooms, providing flexibility for families or those needing extra space for guests or home offices. Two bedrooms are conveniently located on the main level. • The property boasts original woodwork and hardwood floors, adding character and charm. These features can be highly desirable for buyers who appreciate historic architecture. • The living room features a fireplace, which adds a cozy and inviting atmosphere. • The property is located in a prime area of Minneapolis, likely offering convenient access to amenities, transportation, and other attractions. The "easy to show" and "quick close possible" statements suggest the sellers are motivated.

The Bad

• The home requires cosmetic updates, meaning additional investment beyond the purchase price. This could range from $10,000 to $50,000+ depending on the scope of the renovations. • The school ratings for nearby schools are relatively low (1/10 to 4/10), which may be a deterrent for families with children. Kenwood Elementary is rated 4/10, Anwatin Middle is rated 1/10, and North Academy Senior High is rated 3/10. • The property has a moderate flood risk (4/10), which could lead to increased insurance costs. Flood insurance is recommended. • The listing provides no details on the condition of major systems (HVAC, plumbing, electrical). This lack of information creates uncertainty for potential buyers. • The median income in the area is $64,911, which may indicate that the property is priced at a premium compared to the local income levels.

The Ugly

• The property was built in 1915, meaning it may have outdated systems (plumbing, electrical, HVAC) that require costly repairs or replacements. Older homes are also more prone to issues like asbestos or lead paint. • The listing mentions "no features listed" for property features and "None" for hot water. This lack of information raises concerns about the overall condition and functionality of the home. • The property description indicates that the home needs cosmetic updates, which could reveal more significant underlying issues once renovations begin. This could lead to unexpected expenses and delays. • The property has a moderate flood risk (4/10), which is a significant concern. The FEMA Zone is X_UNSHADED, meaning it is in an area with minimal flood hazard, but still carries some risk. This could result in higher insurance premiums and potential damage from flooding. • The listing price has increased by 31.9% since January 2025. This significant increase is not sustainable and may mean that the property is currently overpriced. The price may need to come down in order to reflect the market conditions.

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

• Buyers seeking a home with original character and architectural details, such as original woodwork and hardwood floors, who appreciate the charm of older homes. • Individuals or families who need a flexible layout with multiple bedrooms and living spaces, including the potential for a fifth bedroom in the basement. • Buyers comfortable with cosmetic updates and renovations to customize the home to their preferences. • Those who value a centrally located home with easy access to amenities and transportation in the Bryant Avenue South area of Minneapolis. • Buyers who can manage potential flood insurance costs due to the moderate flood risk (4/10).

Not For

• Buyers seeking a move-in ready home with modern updates and finishes. • Individuals or families who prioritize top-rated schools, as the nearby schools have ratings ranging from 1/10 to 4/10. • Buyers with a limited budget who cannot afford potential renovation costs and higher property taxes associated with Minneapolis real estate. • Those who are highly risk-averse and concerned about the moderate flood risk. • Buyers who require specific amenities or utilities not currently listed, such as central air conditioning or updated systems.
Demographics
Area Median Income

$64,911

Property History

Price History
Ownership Timeline
$0Cash Purchase
Feb 23, 2022
Lisa M DelangeJon C Delange
Intrafamily Transfer
Non-Arm's Length Transactions
$360,000Cash Purchase
Jun 30, 2005
Paul L Pierce, Mary F PierceJon C Delonge
Warranty Deed
Standard Sale (Purchase/Resales)
$292,500Cash Purchase
Aug 7, 2003
Todd M OlsonPaul L Pierce, Mary F Pierce
Warranty Deed
Standard Sale (Purchase/Resales)

Property Taxes

$6,129
2024 Tax Assessment
11.2%from previous year
Assessed Value$438,000
Tax Rate1.40%

Sunlight Analysis

Visualize how sunlight affects this property throughout the day and year.

Sunlight Analysis

Data provided by Shadowmap

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Schools

Nearby school quality by education level

Middle

1.0/10
Below Average

High

3.0/10
Below Average

Financials

Monthly Costs
Market Rent (4 bed)

$1,110

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Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Subject Property

Price
$474,900
Price/sqft
$151
Layout
4 bd3 ba
Days on market
9 daysat time of analysis

Stats in the Area

Based on 6 comparable properties nearby

Average Price

$608,083

21.9%

Your price is 21.9% below average

Median Price

$680,000

30.2%

Based on 6 recent sales

Price per Sq.Ft

$203

25.5%

Your price is 25.5% below average $/sqft

Comparable Properties

3128 Holmes Avenue, Minneapolis, MN 55408
Price: $708,000
Sq.Ft: 3,541
Beds/Baths: 5/3
$/Sq.Ft:
$20032.2%
Sale Date: 10/2/2024
3038 Emerson Avenue S, Minneapolis, MN 55408
Price: $615,000
Sq.Ft: 2,836
Beds/Baths: 4/3
$/Sq.Ft:
$21743.4%
Sale Date: 8/12/2024
2929 2nd Avenue S, Minneapolis, MN 55408
Price: $355,500
Sq.Ft: 2,992
Beds/Baths: 4/4
$/Sq.Ft:
$11921.4%
Sale Date: 9/19/2024
3941 Harriet Avenue, Minneapolis, MN 55409
Price: $680,000
Sq.Ft: 2,644
Beds/Baths: 5/4
$/Sq.Ft:
$25770.0%
Sale Date: 10/1/2024
2708 Fremont Avenue S, Minneapolis, MN 55408
Price: $595,000
Sq.Ft: 2,598
Beds/Baths: 5/4
$/Sq.Ft:
$22951.4%
Sale Date: 10/1/2024
3125 Irving Avenue S, Minneapolis, MN 55408
Price: $695,000
Sq.Ft: 3,569
Beds/Baths: 5/4
$/Sq.Ft:
$19528.8%
Sale Date: 9/6/2024

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