New Listing – 323 Adams Avenue, Edina, MN 55343

by Bill Wallace on May 3, 2013

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Yesterday, I listed this large footprint rambler at 323 Adams Avenue, Edina, MN 55343.  This 3 bedroom, 2 bath home is move-in ready, has an updated kitchen and an open living space for the kitchen/dining/family room areas.  It has a number of very nice updates throughout.

Other features of this home include -

  • The kitchen has gone over a makeover which includes new maple cabinetry, laminate flooring, can lighting and Corian counters.  There is a nice breakfast bar area for 2 people to eat in a casual setting.
  • The home has a large foundation (1,472 square feet) which means there are lots of spaces for 1 floor living.  These include an open concept kitchen, dining room and family room area.  A formal living room and a separate 4 season sun room. 
  • There are 3 good sized bedrooms on the main level.  Each has beautiful hardwood floors.
  • The full bathroom on the main level has ceramic floors
  • The main floor sunroom has access to the backyard as well as a 2nd back staircase to the basement
  • The lower level has brand new laminate wood flooring throughout to give it a clean and updated look.  There are 2 office/exercise/craft rooms in addition to the large amusement room.  Each of these rooms could be easily converted to bedrooms by adding an egress window.
  • The lower level laundry is very clean and has an abundance of built in cabinetry for storage.  In addition there is another separate storage/work space in the basement.
  • It has one of the bigger 2 car garages you’ll find as it is extra wide and deep.  There are built-in’s that will stay and there is a wheelchair ramp for easy access to the home.  The ramp can easily be removed to reveal the steps underneath if you want to save room.  Concrete driveway as well.
  • Very nicely landscaped yard.  There is a wonderful stamped concrete in the back which is very private.  Many flower beds as well as a permanent raspberry/garden enclosure.  A newer maintenance free porch was added on the side door as well.
  • The home has newer windows throughout and nice touches like gutters all around.
  • Easy access to Hwy 169
  • High demand Hopkins schools

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Schools:

You can find additional details about the property including more pictures, virtual tour and a map here – 323 Adams Avenue, Edina, MN 55343

For more information about this property please contact me

Bill Wallace is a Realtor at RE/MAX Advantage Plus in Spring Park, MN with a focus on West Hennepin County and the Twin Cities including – Eden Prairie, Excelsior, Hopkins, Lake Minnetonka Area, Long Lake,  Maple Plain, Medina, Minnetonka, Mound, Orono, Plymouth, Spring Park, Wayzata in Hennepin County and Chaska, Chanhassen in Carver County

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Paying A Higher Realtor Commission For Better Results In Twin Cities?

by Bill Wallace on March 7, 2013

2 Big Questions

One thing that more people in the Twin Cities and West Hennepin County should be asking is about whether paying a higher Realtor commission to the buyer’s agent will lead to better results.  I know I usually have a discussion with my buyers and sellers to discuss how commissions work and how I get paid but I thought it was time to do some investigating into the most used commission rates for a buyer’s agent and what role they play in getting a house sold in the Twin Cities.

Standard Twin Cities Realtor Commission Rates

That was a trick header.  There is no such thing as a standard Twin Cities Realtor commission rate.  It is not allowed by law.

That said, here’s how commissions work most of the time.

The person listing their home agrees to a commission rate which will compensate both the listing agent and the buyer’s agent.  It is up to the listing agent to decide what percentage commission they will offer the buyer’s representatives which is published for Realtor’s to see on the Multiple Listing Service (MLS).

In the Twin Cities the vast majority of listing agents offer a commission to the buyer’s representation of 2.7%.  That amount is then split between the buyer’s broker and buyer’s agent.  We will see that of the transactions I analyzed for February 2013 that over 87% of them offered this 2.7% rate.

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Lake Minnetonka Home Sales February 2013

by Bill Wallace on March 7, 2013

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February 2013 saw only 6 home sales close on Lake Minnetonka which was fewer than even the slow month of January.  Each month I plan to outline the sales transactions on Minnesota’s premier lake – you can find my report on the 7 sales in January 2013 here. 

As we also noted in a previous blog entry, Lake Minnetonka is thought of for having some of the most expensive real estate in Minnesota but there are also affordable options to be found.  Of the 6 sales in February 2013, 2 of them were for homes priced under $400k.

February 2013 Lake Minnetonka Home Sales

The surprisingly low 6 sales in February can be attributed to the slower winter sales month.  January is traditionally a very slow month and since these closed in February they likely went into a contract during January.  5 of the homes were traditional sales and 1 of them was a short sale.

Continue reading “Lake Minnetonka Home Sales February 2013” »

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Mound MN Home Sales For February 2013

by Bill Wallace on March 7, 2013

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The City of Mound, MN had 9 homes sold during the month of February 2013.  These ranged in price from a $43k bank owned home on Island Park all the way up to an $820k home on Cook’s Bay of Lake Minnetonka.

You can get a list, including pictures, of each of these Mound homes sold in February 2013 by clicking here.

Characteristics of Mound Sales

Of these 9 homes, 2 were bank owned sales, 2 were short sales and the other 5 were traditional sellers.  3 of the homes were on Lake Minnetonka and 1 was on Dutch Lake.  All 9 of the sales were single family homes.

You can get details on Mound sales statistics from the Minneapolis Association of Realtors here – Mound Sales Statistics

Active Listings in Mound MN

As of today there are currently 50 active listings in the City of Mound, MN which range in price from $80,000 to $1,250,000.  Exactly half of the homes (25) are priced at or below $250k

If you are thinking of buying or selling in Mound or would like more information on the home sales that happened in February 2013 please contact me.

Bill Wallace is a Realtor at RE/MAX Advantage Plus in Spring Park, MN with a focus on West Hennepin County and the Twin Cities including – Eden Prairie, Excelsior, Hopkins, Lake Minnetonka Area, Long Lake,  Maple Plain, Medina, Minnetonka, Mound, Orono, Plymouth, Spring Park, Wayzata in Hennepin County and Chaska, Chanhassen in Carver County

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How Accurate Are Automated Home Valuation Sites Like Zillow?

February 21, 2013

One of the ongoing questions in the Twin Cities is how accurate automated home valuation sites like Zillow are at predicting the fair market value for a home?  There are a number of automated solutions out there but the Zillow Zestimate is probably the most well known.  Often times buyers or sellers think they can [...]

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Number of Twin Cities Homes On Market At Record Lows

February 19, 2013

The Minneapolis Association of Realtors released their Weekly Market Activity Report yesterday showing the the number of Twin Cities homes on the market is at record lows.  Information from the report included these key statistics – What we are seeing is that inventory is down to 12,225 which is at the lowest point it has [...]

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Free Moving Trailer For Buyers and Sellers in West Hennepin

February 14, 2013

I’m excited to announce that RE/MAX Advantage Plus has now helped me make available the moving trailer pictured above for my buyers and sellers of homes in West Hennepin County and the rest of the Twin Cities. This 6 x 12 enclosed trailer includes a nice ramp to allow easy loading.  A similar trailer just [...]

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It’s Cheaper To Buy vs. Rent in the Twin Cities

February 13, 2013

I continue to see a lot of interest among first time homebuyers who have come to the realization that it’s cheaper to buy vs. rent in the Twin Cities.  The huge millennial generation of 18-34 year olds is also driving an influx of people into buying. Buy Vs. Rent Tool The chart above is from [...]

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New Listing – 7145 Valley View Road, Edina, MN 55439

February 11, 2013

Today I listed this large footprint, rambler at 7145 Valley View Road, Edina, MN 55439.  This 4 bedroom, 3 bathroom home sits has a very private backyard as it backs up to Braemar Park where you can often see deer out back playing in the woods.  It has new flooring updates in the bedrooms and [...]

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Lake Minnetonka Sold Properties for January 2013

February 10, 2013

Starting with January 2013, each month I plan to highlight Lake Minnetonka lake front homes that have sold to see if we can make sense of what’s selling, why they are selling and what they sold for.  As I just highlighted the other day, there are many homes that are quite affordable on Lake Minnetonka, [...]

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