Townhouse / Rowhouse home in Minneapolis, MN
This 2,824-square-foot Townhouse home in Minneapolis, MN includes 7 bedrooms and 2 bathrooms. The Townhouse styling carries through the home's design.
| Price | $489,000 |
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| Beds | 7 |
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| Baths | 2 |
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| Sqft | 2824 |
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| Architectural style | Townhouse / Rowhouse (57% match) |
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| Address | 2814 Colfax Ave S, Minneapolis, MN 55408 |
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Why buy this home
- Confirmed Townhouse / Rowhouse architecture, matched from the listing photos by Enzo's vision model.
- Links directly to the original source listing on Trulia.
Is this a good buy?
Priced above comparable homes.
- At $489K, this home is 31% above the $372K median for 124 similar Townhouse / Rowhouse homes in Minneapolis, MN.
- That works out to $173 per square foot, 9% below the $191 comparable rate.
- On the market 17 days.
| This home | $489,000 |
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| Townhouse / Rowhouse median in Minneapolis, MN | $372,450 (124 homes) |
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| Price per sq ft | $173 vs. $191 comps median |
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Enzo's reads public listing data and links to the original source. Confirm condition, HOA, taxes and fees there. This is a signal, not advice.
What it costs to own
Estimated at $3,312/month with 20% down at a 7.28% 30-year fixed rate. You would need about $141,957 in gross annual income to keep housing within a 28% ratio.
| Mortgage (P&I) | $2,677/mo |
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| Property tax (new-buyer reassessed rate) | $452/mo |
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| Homeowners insurance | $183/mo |
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| Total monthly | $3,312/mo |
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| Down payment (20%) | $97,800 |
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| Income needed | $141,957/yr |
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A signal to compare homes, not financial advice or a loan offer.
Financial outlook (modeled)
Enzo's grades this home C- (54 out of 100) over a 5-year hold, from a Monte-Carlo of local home-price dynamics and the interest-rate path versus renting.
| Grade | C- (54/100) |
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| Beats renting in | 6% of modeled paths |
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| Modeled 5-yr equity (median) | $200,617 |
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| Range (10th to 90th pct) | $113,946 to $305,901 |
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A probabilistic model built on public data (Zillow ZHVI, FRED rates), not a guarantee or financial advice. Local price dynamics are pooled toward Minneapolis, MN where local data is thin.
Local home values
Typical home values in Minneapolis, MN have risen about 11% over the past 5 years (+2% in the last year), per the Zillow Home Value Index. This reflects the metro market, not this specific home.
View this home on Trulia