3116 W Lake St 414 - Digital Brochure $325,000

REDFIN

Page 1 of 6

Location! Location! Great opportunity to live near Lake Calhoun and the popular Greenway trails! Condo features high-end finishes throughout, LR and master BR have a 2 zone sound system, modern kitchen with upgraded appliances, beautiful flooring, center island, informal dining room, spacious owners suite with walk-in closet and bath with a separate tub and shower. Natural sunlight throughout and a gas line to the deck for BBQ'ing in the summer.

$325,000 3116 W Lake St #414 Minneapolis, MN 55416 2 Beds 2 Baths • 2 Zone Sound System • Wood Flooring • Modern Kitchen

1,157 Square Feet

• Upgraded Appliances • Spacious Owners Suite • Great Location To Lake Calhoun

Wes Dunser Redfin Listing Agent (952) 221-3776 wes.dunser@redfin.com License # 40436227 Questions? Contact:

for more photos and details. "MLS 4810347" Redfin, Buyer to verify all information to own satisfaction.

Search

3/31/2017

Property One Page Report, Single Family Residential, MLS#: 4810347

3116 W Lake Street, #414, Minneapolis, MN 55416

Status: Active List Price: $325,000

Property ID: 3202924340624 TAX INFORMATION Tax Year: 2017 Tax Amt: $3,927.00

Original List Price: $325,000

Year Built: Bedrooms: Total Baths: Tax w/assess: Assess Bal: Assess Pend: Homestead:

$0.00

$3,927.00 Unknown

Map Page: 106 Map Coord: B4 Directions: Conveniently Located On Lake St, North Side Of Lake Calhoun.

Yes

2007

2 2

Lake/WF: Lake/WF Name:

Lake View

Garage:

1

Lake Calhoun

Neighborhood: Cedar - Isles - Dean

Const Status: Previously Owned

Style:

Fire #:

(CC) High Rise (4+ Levels)

Above Ground Finished SqFt: Below Ground Finished SqFt:

Foundation Size: Total Finished SqFt:

Lot Size: 0 Acres: 0.00 CDOM: 1

1,157 0

1,157 1,157

List Date: 3/30/17 Legal Description: County: Complex/Dev/Sub: Restrictions/Covts:

Received By MLS: 3/30/17

Days On Market: 1

School District: Pets-Cats Allowed, Pets-Dogs Allowed, Pets - Weight/Height Limit, Pets - Number Limit, Mandatory Owners Assoc Common Wall: Hennepin Legal to conform Yes 1 - Minneapolis, 612-668-0000 Loop Calhoun

Association Fee: Association Fee Frequency: Monthly Assoc Fee Includes: Sanitation, Snow/Lawn Care, Outside Maintenance, Hazard Insurance, Cable TV, Water/Sewer, Building Exterior, Security System, Professional Mgmt, Shared Amenities Public Remarks: Location! Location! Great opportunity to live near Lake Calhoun and the popular Greenway trails! Condo features high end finishes throughout, LR and master BR have a 2 zone sound system, modern kitchen with upgraded appliances, beautiful flooring, center island, informal dining room, spacious owners suite with walk in closet and bath with a separate tub and shower. Natural sunlight throughout and a gas line to the deck for BBQ'ing in the summer. 449.00

Room Living Rm Dining Rm Family Rm Kitchen Bedroom 1 Bedroom 2 Bedroom 3 Bedroom 4

Main Level Main Main Main Main

Dimen 15x07 15x15 15x12 14x09 15x08

Other Rooms

Level

Dimen

Heat: Fuel: Air Cnd: Water: Sewer:

Forced Air Natural Gas Central

City Water/Connected City Sewer/Connected 1

Bathrooms Total: Full: 2 1

Garage Stalls: Other Parking: Pool:

3/4: 1/2:

1/4: 0

0 1

Bath Description: Dining Room Desc:

Main Floor Full Bath, Main Floor 1/2 Bath, Private Master, Full Master, Separate Tub & Shower

Family Room Char: Great Room

Living/Dining Room

Appliances: Basement:

Range, Microwave, Exhaust Fan/Hood, Dishwasher, Refrigerator, Washer, Dryer, Disposal Exterior: Brick/Stone None

Security Building, Fire Sprinkler System, Elevator(s) Balcony, Hardwood Floors, Tiled Floors, Washer/Dryer Hookup

Amenities-Shared: Amenities-Unit: Parking Char: Shared Rooms:

Heated Garage, Underground Garage, Secured, Assigned, Garage Door Opener

Special Search: Main Floor Laundry, Main Floor Bedroom, All Living Facilities on One Level

Amusement/Party Rm, Exercise Room

Seller's Terms:

Conventional

Buyer Broker Comp:

Sub-Agent Comp: 0 % List Type: Exclusive Right

Facilitator Comp: 2.75 %

2.75 %

Variable Rate:

Owner is an Agent?: No

N

In Foreclosure?: No

Lender Owned?: No

Potential Short Sale?: No

Listing Agent: Wesley Dunser 952-221-3776 Listing Office: Redfin Corporation

Co-List Agent:

Appt Phone:

Office Phone: 612-999-2909

Information Deemed Reliable But Not Guaranteed. © 2017 Regional MLS of Minn., Inc. All Rights Reserved.

DINING ROOM 15x7

LIVING ROOM 15x15

BEDROOM 14x9

BEDROOM 15x12

KITCHEN 15x8

FOYER 12x8

WALK IN CLOSET

LAUNDRY

INFORMATION IS DEEMED RELIABLE BUT NOT GUARANTEED PLEASE VERIFY ALL MEASUREMENTS.

Page 3 of 20

Summary of Property Upgrades 3116 W Lake Street Unit 414 Minneapolis

Property Address

MN 55416

Amount Invested $1,047

Summary of Upgrade

Living room • Phantom screens on double French doors - phantom black Kitchen • Cabinets - glass upper cabinets with interior lights • Cabinets - under cabinet lighting • Island - Valcucine drawers • Countertops - Caesarstone - color family #1 - Jerusalem sand honed finish Deck • Gas grill – Price gas line on deck with shutoff and quick disconnect Master bathroom • Vanity countertop – Caesarstone - color family #1 - Jerusalem sand honed finish Powder room • Vanity countertop - Caesarstone - color family #1 - Jerusalem sand honed finish • Vanity - Kohler 8" forte faucet Walk-in closet - master closet • Shelves - classic style - white with brushed chrome handles Electrical • Speakers in master bedroom • Prewire sound in living • Single pole switch in bedroom ceiling fan opening and cap in bedroom • Single pole fan switch in master bedroom • Ceiling fan opening and cap in master bedroom • Standard TV outlet in 2 nd bedroom • Vanity - Kohler 8" Forte brushed nickel • Bath/shower - Kohler Forte brushed nickel

$6,784

$1,000

$2,565

$1,371

$4,192

$2,765

Total Investment $19,724





    





^ƉĞĐŝĨŝĐWƌŽƉĞƌƚLJ/ŶĨŽƌŵĂƚŝŽŶ

 3116 W Lake Street  

WƌŽƉĞƌƚLJĚĚƌĞƐƐ





















 Minneapolis

 MN

 55416





























EĞŝŐŚďŽƌŚŽŽĚ^ĐŚŽŽůƐ

 1 - Minneapolis  





















ůĞŵĞŶƚĂƌLJ^ĐŚŽŽů͗



























DŝĚĚůĞ^ĐŚŽŽů͗



























,ŝŐŚ^ĐŚŽŽů͗ 



>ŽĐĂů^ŚŽƉƉŝŶŐĂŶĚŶƚĞƌƚĂŝŶŵĞŶƚ

 www.loop-cahoun.com Located on the Midtown Greenway is Loop Calhoun, a condominium complex that offers open floor plans ranging between 1,000 and 2,000 square feet. Although on the Greenway, the positioning of the building is such that traffic noise is completely minimized for peaceful living. The living areas include some of the more sophisticated features and amenities expected by today’s discerning home buyer, including marvelous Italian kitchens, modern countertops and much more. Convenience is also a bonus at Loop Calhoun with a Whole Foods store just two blocks away and a Lund’s grocery store nearby. Upscale restaurants and other opportunities surround the neighborhood for extra convenience and comfort.                                            









































ŝƚLJWĂƌŬƐĂŶĚ>ŽĐĂůZĞĐƌĞĂƚŝŽŶĂůKƉƉŽƌƚƵŶŝƚŝĞƐ

 Dog Park 0.7 mile away Lake Calhoun 0.25 miles away Lake of the Isles 0.75 miles away Lake Harriet 1.75 miles away                    

























































































hƚŝůŝƚLJ^ĞƌǀŝĐĞ



^ĞƌǀŝĐĞWƌŽǀŝĚĞƌ











DŽŶƚŚůLJŽƐƚ



 Centerpoint 

20.00















Ψ







'ĂƐ 



 Xcel

55.00

















Ψ







ůĞĐƚƌŝĐŝƚLJ



 Included in Monthly Association Dues     







Ψ







tĂƚĞƌ



 Included in Monthly Association Dues     







Ψ







^ĞǁĞƌ



 Included in Monthly Association Dues     







Ψ







dƌĂƐŚ 



DŝŶŶĞƐŽƚĂsĞƌƐŝŽŶϭϲͲYϭ

Page 5 of 20

Loop Calhoun has experienced significant damage caused by the construction of an apartment building on the neighboring property. The damage is limited to certain units and instability to many balconies on the west side of both buildings. A spreadsheet of the damages identified to date of units and balconies is available upon request from the property manager. The Association has demanded that the owner of the neighboring property and its contractors repair that damage, but these entities and their insurers have failed to do so to date. To expedite this process, the Association has sued the owner, its general contractor and excavation subcontractor for recovery of the cost of these repairs. The Association intends to complete these repairs in 2016. It has received bids for that repair which indicate that the cost of repair will be approximately $1.8 million. To pay for this work, the Association intends to borrow the full amount needed to complete these repairs and will be levying a special assessment in an amount needed to service the monthly debit (principal and interest). The net recovery from the lawsuit will be used to pay down the loan. Starting August 1, 2016, the Association will special assess homeowners for cost of the loan’s debt service divided among units by their percentage of ownership, and payable in monthly installments. A $1.8 million loan has been approved and locked down with the monthly principal and interest payment for the next 10 years is $18,923.28. Any and all funds recovered from the lawsuit will be used to pay off (or down) the loan. If necessary, the Board of Directors will further address the repayment of the remaining balance of the loan once the lawsuit is settled. I can add that the interior work is complete. The exterior work is 95% completed. It will be completed this spring when the weather is better.

MARION SLOCUM, AMS Association Manager FirstService Residential Loop Calhoun 3104 West Lake St. | Minneapolis, MN 55416

Direct 612.777.8300 | Fax 612.777.8301 Email marion.slocum@fsresidential.com www.fsresidential.com

DocuSign Envelope ID: 214106BE-A73B-4E24-8A0E-2C307AFC4857

DISCLOSURE STATEMENT: SELLER’S PROPERTY DISCLOSURE STATEMENT This form approved by the Minnesota Association of REALTORS ® , which disclaims any liability arising out of use or misuse of this form. © 2016 Minnesota Association of REALTORS ® , Edina, MN 1. Date 2. Page 1 of pages: RECORDS AND 3. REPORTS, IF ANY, ARE ATTACHED AND MADE A 4. PART OF THIS DISCLOSURE 03/27/2017 10

5.

THE INFORMATION DISCLOSED IS GIVEN TO THE BEST OF SELLER’S KNOWLEDGE.

6. NOTICE: This Disclosure Statement satisfies the disclosure requirements of MN Statutes 513.52 through 513.60. 7. Under Minnesota law, sellers of residential property, with limited exceptions listed on page nine (9), are obligated to 8. disclose to prospective buyers all material facts of which Seller is aware that could adversely and significantly affect 9. an ordinary buyer’s use or enjoyment of the property or any intended use of the property of which Seller is aware. 10. MN Statute 513.58 requires Seller to notify buyer in writing as soon as reasonably possible, but in any event before 11. closing, if Seller learns that Seller’s disclosure was inaccurate. Seller is obligated to continue to notify Buyer, in writing, 12. of any facts disclosed here (new or changed) of which Seller is aware that could adversely and significantly affect the 13. Buyer’s use or enjoyment of the property or any intended use of the property that occur up to the time of closing. 14. Seller has disclosure alternatives allowed by MN Statutes. See Disclosure Statement: Seller’s Disclosure Alternatives 15. form for further information regarding disclosure alternatives. This disclosure is not a warranty or a guarantee of any 16. kind by Seller or licensee(s) representing or assisting any party in the transaction and is not a substitute for any 17. inspections or warranties the party(ies) may wish to obtain. 18. For purposes of the seller disclosure requirements of MN Statutes 513.52 through 513.60: 19. “Residential real property” or “residential real estate” means property occupied as, or intended to be occupied as, a 20. single-family residence, including a unit in a common interest community as defined in MN Statute 515B.1-103, clause 21. (10), regardless of whether the unit is in a common interest community not subject to chapter 515B. 22. The seller disclosure requirements of MN Statutes 513.52 through 513.60 apply to the transfer of any interest in 23. residential real estate, whether by sale, exchange, deed, contract for deed, lease with an option to purchase, or any 24. other option. 25. INSTRUCTIONSTO BUYER: Buyers are encouraged to thoroughly inspect the property personally or have it inspected 26. by a third party, and to inquire about any specific areas of concern. NOTE: If Seller answers NO to any of the questions 27. listed below, it does not necessarily mean that it does not exist on the property, did not occur, or does not apply. NO 28. may mean that Seller is unaware. 29. INSTRUCTIONS TO SELLER: (1) Complete this form yourself. (2) Consult prior disclosure statement(s) and/or 30. inspection report(s) when completing this form. (3) Describe conditions affecting the property to the best of your 31. knowledge. (4) Attach additional pages, with your signature, if additional space is required. (5) Answer all questions. 32. (6) If any items do not apply, write “NA” (not applicable). 33. Property located at , 34. City of , County of , State of Minnesota. 35. A. GENERAL INFORMATION: The following questions are to be answered to the best of Seller’s knowledge. 36. (1) What date did you Acquire Build the home? ------------ (Check one.) ------------ 37. (2) Type of title evidence: Abstract Registered (Torrens) Unknown 38. Location of Abstract: 39. Is there an existing Owner’s Title Insurance Policy? Yes No 40. (3) Have you occupied this home continuously during your ownership? Yes No 41. If “No,” explain: 42. (4) Is the home suitable for year-round use? Yes No 43. (5) Are you in possession of prior seller’s disclosure statement(s)? (If “Yes,” please attach.) Yes No 44. (6) Does the property include a manufactured home? Yes No 45. If “Yes,” HUD #(s) is/are 46. Has the title been surrendered to the Registrar of Motor Vehicles for cancellation? Yes No 3116 W Lake Street Minneapolis Hennepin ✘ ✘ Stewart Title Company ✘ ✘ ✘ ✘ ✘ ✘

Page 8 of 20

MN:DS:SPDS-1 (8/16)

DocuSign Envelope ID: 214106BE-A73B-4E24-8A0E-2C307AFC4857

DISCLOSURE STATEMENT: SELLER’S PROPERTY DISCLOSURE STATEMENT 47. Page 2

48.

THE INFORMATION DISCLOSED IS GIVEN TO THE BEST OF SELLER’S KNOWLEDGE.

3116 W Lake Street

Minneapolis

MN 55416

.

49. Property located at

Public: no maintenance

Private

Public

50.

(7) Is the property located on a public or a private road?

51. (8) Flood Insurance: All properties in the state of Minnesota have been assigned a flood zone designation. Some 52. flood zones may require flood insurance. 53. (a) Do you know which zone the property is located in? Yes No 54. If “Yes,” which zone? 55. (b) Have you ever had a flood insurance policy? Yes No 56. If “Yes,” is the policy in force? Yes No 57. If “Yes,” what is the annual premium? $ 58. If “Yes,” who is the insurance carrier? 59. (c) Have you ever had a claim with a flood insurance carrier or FEMA? Yes No 60. If “Yes,” please explain: ✘ ✘ ✘ ✘

61. 62. 63. 64. 65. 66.

NOTE: Whether or not Seller currently carries flood insurance, it may be required in the future. Flood insurance premiums are increasing, and in some cases will rise by a substantial amount over the premiums previously charged for flood insurance for the property. As a result, Buyer should not rely on the premiums paid for flood insurance on this property previously as an indication of the premiums that

will apply after Buyer completes their purchase.

67. Are there any 68.

No

Yes

(9) encroachments?

69. 70. 71. 72.

(10) association, covenants, historical registry, reservations, or restrictions, that affect

No

Yes

or may affect the use or future resale of the property?

(11) governmental requirements or restrictions that affect or may affect the use or future enjoyment of the property (e.g., shoreland restrictions, non-conforming use, etc.)?

✘ ✘

No

Yes

Yes

73.

(12) easements, other than utility or drainage easements?

No

74. (13) Please provide clarification or further explanation for all applicable “Yes” responses in Section A:

75. 76.

77. B. GENERAL CONDITION: To your knowledge, have any of the following conditions previously existed or do they 78. currently exist on the property? 79. (ANSWERS APPLY TO ALL STRUCTURES, SUCH AS GARAGE AND OUTBUILDINGS.)

80.

(1) Has there been any damage by wind, fire, flood, hail, or other cause(s)?

Yes

No

81.

If “Yes,” give details of what happened and when:

82. 83. 84.

(2) Have you ever had an insurance claim(s) against your Homeowner’s

Insurance Policy?

Yes

No

85.

If “Yes,” what was the claim(s) for (e.g., hail damage to roof)?

86. 87.

✘ ✘

Did you receive compensation for the claim(s)?

Yes

No

88.

If you received compensation, did you have the items repaired?

Yes

No

89.

What dates did the claim(s) occur?

Page 9 of 20

MN:DS:SPDS-2 (8/16)

DocuSign Envelope ID: 214106BE-A73B-4E24-8A0E-2C307AFC4857

DISCLOSURE STATEMENT: SELLER’S PROPERTY DISCLOSURE STATEMENT 90. Page 3

91.

THE INFORMATION DISCLOSED IS GIVEN TO THE BEST OF SELLER’S KNOWLEDGE.

3116 W Lake Street

Minneapolis

MN 55416

.

92. Property located at

93. 94. 95. 96. 97. 98. 99.

(3) (a) Has/Have the structure(s) been altered?

No

Yes

(e.g., additions, altered roof lines, changes to load-bearing walls)

If “Yes,” please specify what was done, when, and by whom (owner or contractor):

(b) Has any work been performed on the property? (e.g., additions to the property, wiring, plumbing,

No

Yes

retaining wall, general finishing)

100.

If “Yes,” please explain:

101. 102. 103.

(c) Are you aware of any work performed on the property for which

No

Yes

appropriate permits were not obtained?

104.

If “Yes,” please explain:

105.

No

Yes

106.

(4) Has there been any damage to flooring or floor covering?

107.

If “Yes,” give details of what happened and when:

108.

No

Yes

109.

(5) Do you have or have you previously had any pets?

.

and number

110.

If “Yes,” indicate type

111.

(6) THE FOUNDATION: The type of foundation is (i.e., block, poured, wood, stone, other):

.

112.

113. 114. 115. 116. 117. 119. 120. 121. 123. 124. 125. 126. 127. 122. 118.

(7) THE BASEMENT, CRAWLSPACE, SLAB:

✘ ✘ ✘ ✘

✘ ✘ ✘ ✘

Yes Yes Yes Yes

No No No No

(e) leakage/seepage? (f) sewer backup? (g) wet floors/walls?

Yes Yes Yes Yes

(a) cracked floor/walls? (b) drain tile problem?

No No No

(c) flooding?

(d) foundation problem?

(h) other?

No

Give details to any questions answered “Yes”:

(8) THE ROOF:

(a) What is the age of the roofing material?

N/A

N/A

Home:

years Garage(s)/Outbuilding(s):

years

✘ ✘ ✘ ✘

No No No No

(b) Has there been any interior or exterior damage? (c) Has there been interior damage from ice buildup?

Yes Yes Yes Yes

(d) Has there been any leakage?

(e) Have there been any repairs or replacements made to the roof?

128.

Give details to any questions answered “Yes”:

129. MN:DS:SPDS-3 (8/16)

Page 10 of 20

DocuSign Envelope ID: 214106BE-A73B-4E24-8A0E-2C307AFC4857

DISCLOSURE STATEMENT: SELLER’S PROPERTY DISCLOSURE STATEMENT 130. Page 4

THE INFORMATION DISCLOSED IS GIVEN TO THE BEST OF SELLER’S KNOWLEDGE.

131.

3116 W Lake Street

Minneapolis

MN 55416

132. Property located at

.

(9) THE EXTERIOR AND INTERIORWALLS/SIDING/WINDOWS: (a) The type(s) of siding is (e.g., vinyl, stucco, brick, other):

133. 134. 135. 136. 137. 138.

(b) cracks/damage? (c) leakage/seepage?

Yes Yes Yes

No No No

✘ ✘ ✘

(d) other?

Give details to any questions answered “Yes”:

139. 140. C. APPLIANCES, HEATING, PLUMBING, ELECTRICAL, AND OTHER MECHANICAL SYSTEMS: 141. NOTE: This section refers only to the working condition of the following items. Answers apply to all such 142. items unless otherwise noted in comments below. Personal property is included in the sale ONLY IF 143. specifically referenced in the Purchase Agreement . 144. CHECK “NA” FOR ONLY THOSE ITEMS NOT PHYSICALLY LOCATED ON THE PROPERTY. 145. Working Order Working Order 146. Yes No NA Yes No NA 147. Air-conditioning................................ Propane tank............................................. 148. Central Wall Window Rented Owned 149. Air exchange system ....................... Range/oven............................................... 150. Carbon monoxide detector .............. Range hood .............................................. 151. Ceiling fan ....................................... Refrigerator ............................................... 152. Central vacuum ............................... Security system......................................... 153. Clothes dryer ................................... Rented Owned 154. Clothes washer................................ Smoke detectors (battery)......................... 155. Dishwasher...................................... Smoke detectors (hardwired).................... 156. Doorbell ........................................... Solar collectors ......................................... 157. Drain tile system.............................. Sump pump............................................... 158. Electrical system ............................. Toilet mechanisms .................................... 159. Environmental remediation system Trash compactor ....................................... 160. (e.g., radon, vapor intrusion) ........... TV antenna system................................... 161. Exhaust system............................... TV cable system ....................................... 162. Fire sprinkler system ....................... TV receiver................................................ 163. Fireplace.......................................... TV satellite dish......................................... 164. Fireplace mechanisms .................... Rented Owned 165. Freezer ............................................ Water heater ............................................. 166. Furnace humidifier .......................... Water purification system.......................... 167. Garage door auto reverse ............... Rented Owned 168. Garage door opener ........................ Water softener .......................................... 169. Garage door opener remote............ Rented Owned 170. Garbage disposal ............................ Water treatment system............................ 171. Heating system (central) ................. Rented Owned 172. Heating system (supplemental)....... Windows ................................................... 173. Incinerator ....................................... Window treatments ................................... 174. Intercom .......................................... Wood-burning stove .................................. 175. Lawn sprinkler system..................... Other 176. Microwave ....................................... Other 177. Plumbing ......................................... Other 178. Pool and equipment Other ✘ ✘ ✘ ✘ ✘ ✘ ✘ ✘ ✘ ✘ ✘ ✘ ✘ ✘ ✘ ✘ ✘ ✘ ✘ ✘ ✘ ✘ ✘ ✘ ✘ ✘ ✘ ✘ ✘ ✘ ✘ ✘ ✘ ✘ ✘ ✘ ✘ ✘ ✘ ✘ ✘ ✘ ✘ ✘ ✘ ✘ ✘ ✘ ✘ ✘ ✘ ✘

MN:DS:SPDS-4 (8/16)

Page 11 of 20

DocuSign Envelope ID: 214106BE-A73B-4E24-8A0E-2C307AFC4857

DISCLOSURE STATEMENT: SELLER’S PROPERTY DISCLOSURE STATEMENT 179. Page 5

180.

THE INFORMATION DISCLOSED IS GIVEN TO THE BEST OF SELLER’S KNOWLEDGE.

3116 W Lake Street

Minneapolis

MN 55416

.

181. Property located at

182. Are there any items or systems on the property connected or controlled wirelessly, via internet protocol (“IP”), to 183. a router or gateway or directly to the cloud? Yes No 184. Comments regarding issues in Section C: 185. 186. D. SUBSURFACE SEWAGE TREATMENT SYSTEM DISCLOSURE: 187. (A subsurface sewage treatment system disclosure is required by MN Statute 115.55.) (Check appropriate box.) 188. Seller certifies that Seller DOES DOES NOT know of a subsurface sewage treatment system on or serving --------------- (Check one. )-------------- 189. the above-described real property. (If answer is DOES , and the system does not require a state permit, see 190. Disclosure Statement: Subsurface Sewage Treatment System .) 191. There is an abandoned subsurface sewage treatment system on the above-described real property. 192. (See Disclosure Statement: Subsurface Sewage Treatment System.) 193. E. PRIVATEWELL DISCLOSURE: (A well disclosure and Certificate are required by MN Statute 103I.235.) 194. (Check appropriate box.) 195. Seller certifies that Seller does not know of any wells on the above-described real property. 196. Seller certifies there are one or more wells located on the above-described real property. 197. (See Disclosure Statement: Well.) 198. Are there any wells serving the above-described property that are not located on the 199. property? Yes No 200. If “Yes”: 201. (1) How many properties or residences does the shared well serve? 202. (2) Is there a maintenance agreement for the shared well? Yes No 203. If “Yes,” what is the annual maintenance fee? $ 204. Is this property in a Special Well Construction Area? Yes No 205. F. PROPERTY TAX TREATMENT: 206. Valuation Exclusion Disclosure (Required by MN Statute 273.11, Subd. 18.) 207. There IS IS NOT an exclusion from market value for home improvements on this property. Any ---------- (Check one.) ----------- 208. valuation exclusion shall terminate upon sale of the property, and the property’s estimated market value for 209. property tax purposes shall increase. If a valuation exclusion exists, Buyers are encouraged to look into the 210. resulting tax consequences. 211. Additional comments: 214. Is the property subject to any preferential property tax status or any other credits affecting the property? 215. (e.g., Disability, Green Acres, CRP, RIM, Rural Preserve, Veterans’ Benefits, 216. Non-Profit Status) Yes No 217. If “Yes,” would these terminate upon the sale of the property? Yes No 218. Explain: 219. ✘ ✘ ✘ ✘ ✘ ✘ ✘ ✘ 212. 213. Preferential Property Tax Treatment

MN:DS:SPDS-5 (8/16)

Page 12 of 20

DocuSign Envelope ID: 214106BE-A73B-4E24-8A0E-2C307AFC4857

DISCLOSURE STATEMENT: SELLER’S PROPERTY DISCLOSURE STATEMENT 220. Page 6

221.

THE INFORMATION DISCLOSED IS GIVEN TO THE BEST OF SELLER’S KNOWLEDGE.

222. Property located at . 223. G. FOREIGN INVESTMENT IN REAL PROPERTYTAX ACT (“FIRPTA”): Section 1445 of the Internal Revenue Code 224. provides that a transferee (“Buyer”) of a United States real property interest must be notified in writing and must 225. withhold tax if the transferor (“Seller”) is a foreign person and no exceptions from FIRPTA withholding apply. 226. Seller represents that Seller IS IS NOT a foreign person (i.e., a non-resident alien individual, foreign corporation, ------- (Check one. )------ 227. foreign partnership, foreign trust, or foreign estate) for purposes of income taxation. This representation shall 228. survive the closing of any transaction involving the property described here. 229. NOTE: If the above answer is “ IS ,” Buyer may be subject to income tax withholding in connection with the 230. transaction (unless the transaction is covered by an applicable exception to FIRPTA withholding). In 231. non-exempt transactions, Buyer may be liable for the tax if Buyer fails to withhold. 232. If the above answer is “ IS NOT ,” Buyer may wish to obtain specific documentation from Seller ensuring 233. Buyer is exempt from the withholding requirements as prescribed under Section 1445 of the Internal 234. Revenue Code. 235. Due to the complexity and potential risks of failing to comply with FIRPTA, including Buyer’s responsibility 236. for withholding the applicable tax, Buyer and Seller should seek appropriate legal and tax advice regarding 237. FIRPTA compliance, as the respective licensees representing or assisting either party will be unable to 238. assure either party whether the transaction is exempt from the FIRPTA withholding requirements. 239. H. METHAMPHETAMINE PRODUCTION DISCLOSURE: 240. (A Methamphetamine Production Disclosure is required by MN Statute 152.0275, Subd. 2 (m).) 241. Seller is not aware of any methamphetamine production that has occurred on the property. 242. Seller is aware that methamphetamine production has occurred on the property. 243. (See Disclosure Statement: Methamphetamine Production.) 244. I. NOTICE REGARDING AIRPORT ZONING REGULATIONS: The property may be in or near an airport safety 245. zone with zoning regulations adopted by the governing body that may affect the property. Such zoning regulations 246. are filed with the county recorder in each county where the zoned area is located. If you would like to determine 247. if such zoning regulations affect the property, you should contact the county recorder where the zoned area is 248. located. 249. J. NOTICE REGARDING CARBON MONOXIDE DETECTORS: MN Statute 299F.51 requires Carbon Monoxide 250. Detectors to be located within ten (10) feet from all sleeping rooms. Carbon Monoxide Detectors may or may not 251. be personal property and may or may not be included in the sale of the home. 252. K. CEMETERY ACT: The following questions are to be answered to the best of Seller’s knowledge. 253. MN Statute 307.08 prohibits any damage or illegal molestation of human remains, burials or cemeteries. A person 254. who intentionally, willfully and knowingly destroys, mutilates, injures, disturbs, or removes human skeletal remains 255. or human burial grounds is guilty of a felony. 256. Are you aware of any human remains, burials, or cemeteries located on the property? Yes No 257. If “Yes,” please explain: 258. All unidentified human remains or burials found outside of platted, recorded or identified cemeteries and in 259. contexts which indicate antiquity greater than 50 years shall be dealt with according to the provisions of MN 260. Statute 307.08, Subd. 7. 261. L. ENVIRONMENTAL CONCERNS: To your knowledge, have any of the following previously existed or do they 262. currently exist on the property? 263. (1) Animal/Insect/Pest Infestation? Yes No (6) Lead? (e.g., paint, plumbing) Yes No 264. (2) Asbestos? Yes No (7) Mold? Yes No 265. (3) Diseased trees? Yes No (8) Soil problems? Yes No 266. (4) Formaldehyde? Yes No (9) Underground storage tanks? Yes No 267. (5) Hazardous waste/substances? Yes No 268. (10) Other? Yes No MN:DS:SPDS-6 (8/16) 3116 W Lake Street Minneapolis MN 55416 ✘ ✘ ✘ ✘ ✘ ✘ ✘ ✘ ✘ ✘ ✘ ✘

Page 13 of 20

DocuSign Envelope ID: 214106BE-A73B-4E24-8A0E-2C307AFC4857

DISCLOSURE STATEMENT: SELLER’S PROPERTY DISCLOSURE STATEMENT 269. Page 7

270.

THE INFORMATION DISCLOSED IS GIVEN TO THE BEST OF SELLER’S KNOWLEDGE.

3116 W Lake Street

Minneapolis

MN 55416

.

271. Property located at

272. (11) Have you ever been contacted or received any information from any governmental authority pertaining 273. to possible or actual environmental contamination affecting the property? Yes No 274. (12) Are you aware if there are currently, or have previously been, any orders issued on the 275. property by any governmental authority ordering the remediation of a public 276. health nuisance on the property? Yes No 277. If answer above is “Yes,” Seller certifies that all orders HAVE HAVE NOT been vacated. ------------- (Check one.) --------------- 278. (13) Please provide clarification or further explanation for all applicable “Yes” responses in Section L. 281. M. RADON DISCLOSURE: (The following Seller disclosure satisfies MN Statute 144.496.) 282. RADON WARNING STATEMENT: The Minnesota Department of Health strongly recommends that ALL 283. homebuyers have an indoor radon test performed prior to purchase or taking occupancy, and recommends having 284. the radon levels mitigated if elevated radon concentrations are found. Elevated radon concentrations can easily 285. be reduced by a qualified, certified, or licensed, if applicable, radon mitigator. 286. Every buyer of any interest in residential real property is notified that the property may present exposure to 287. dangerous levels of indoor radon gas that may place occupants at risk of developing radon-induced lung cancer. 288. Radon, a Class A human carcinogen, is the leading cause of lung cancer in nonsmokers and the second leading 289. cause overall. The seller of any interest in residential real property is required to provide the buyer with any 290. information on radon test results of the dwelling. 291. RADON IN REAL ESTATE: By signing this Statement, Buyer hereby acknowledges receipt of the Minnesota 292. Department of Health’s publication entitled Radon in Real Estate Transactions , which is attached hereto and 293. can be found at www.health.state.mn.us/divs/eh/indoorair/radon/rnrealestateweb.pdf. 294. A seller who fails to disclose the information required under MN Statute 144.496, and is aware of material facts 295. pertaining to radon concentrations in the property, is liable to the Buyer. A buyer who is injured by a violation of MN 296. Statute 144.496 may bring a civil action and recover damages and receive other equitable relief as determined by 297. the court. Any such action must be commenced within two years after the date on which the buyer closed the 298. purchase or transfer of the real property. 299. SELLER’S REPRESENTATIONS: The following are representations made by Seller to the extent of Seller’s actual 300. knowledge. 301. (a) Radon test(s) HAVE HAVE NOT occurred on the property. ------------- (Check one.) ---------------- 302. (b) Describe any known radon concentrations, mitigation, or remediation. NOTE: Seller shall attach the most 303. current records and reports pertaining to radon concentration within the dwelling: ✘ ✘ ✘ 279. 280.

304. 305. 306. 307. 308. 309. 310. 311.

IS IS NOT a radon mitigation system currently installed on the property. ------- (Check one.) --------

(c) There

If “ IS ,” Seller shall disclose, if known, information regarding the radon mitigation system, including system

description and documentation.

EXCEPTIONS: See Section R for exceptions to this disclosure requirement.

MN:DS:SPDS-7 (8/16)

Page 14 of 20

DocuSign Envelope ID: 214106BE-A73B-4E24-8A0E-2C307AFC4857

DISCLOSURE STATEMENT: SELLER’S PROPERTY DISCLOSURE STATEMENT 312. Page 8

313.

THE INFORMATION DISCLOSED IS GIVEN TO THE BEST OF SELLER’S KNOWLEDGE.

3116 W Lake Street

Minneapolis

MN 55416

314. Property located at . 315. N. NOTICES/OTHER DEFECTS/MATERIAL FACTS: The following questions are to be answered to the best of 316. Seller’s knowledge. 317. Notices: Seller HAS HAS NOT received a notice regarding any proposed improvement project from any ----------- (Check one.) -------------- 318. assessing authorities, the costs of which project may be assessed against the property. If “HAS,” please attach 319. and/or explain : 320. 321. Other Defects/Material Facts: Are there any other material facts that could adversely and significantly affect an 322. ordinary buyer’s use or enjoyment of the property or any intended use of the property? Yes No 323. If “Yes,” explain: 324. 325. O. WATER INTRUSION AND MOLD GROWTH: Studies have shown that various forms of water intrusion affect 326. many homes.Water intrusion may occur from exterior moisture entering the home and/or interior moisture leaving 327. the home. 328. Examples of exterior moisture sources may be: 329. • improper flashing around windows and doors, 330. • improper grading, 331. • flooding, 332. • roof leaks. 333. Examples of interior moisture sources may be: 334. • plumbing leaks, 335. • condensation (caused by indoor humidity that is too high or surfaces that are too cold), 336. • overflow from tubs, sinks, or toilets, 337. • firewood stored indoors, 338. • humidifier use, 339. • inadequate venting of kitchen and bath humidity, 340. • improper venting of clothes dryer exhaust outdoors (including electrical dryers), 341. • line-drying laundry indoors, 342. • houseplants—watering them can generate large amounts of moisture. 343. In addition to the possible structural damage water intrusion may do to the property, water intrusion may also result 344. in the growth of mold, mildew, and other fungi. Mold growth may also cause structural damage to the property. 345. Therefore, it is very important to detect and remediate water intrusion problems. 346. Fungi are present everywhere in our environment, both indoors and outdoors. Many molds are beneficial to 347. humans. However, molds have the ability to produce mycotoxins that may have a potential to cause serious health 348. problems, particularly in some immunocompromised individuals and people who have asthma or allergies to 349. mold. 350. To complicate matters, mold growth is often difficult to detect, as it frequently grows within the wall structure. If you 351. have a concern about water intrusion or the resultingmold/mildew/fungi growth, youmay want to consider having the 352. property inspected for moisture problems before entering into a purchase agreement or as a condition of your 353. purchase agreement. Such an analysis is particularly advisable if you observe staining or musty odors on the 354. property. 355. P. NOTICE REGARDING PREDATORY OFFENDER INFORMATION: Information regarding the predatory 356. offender registry and persons registered with the predatory offender registry under MN Statue 243.166 357. may be obtained by contacting the local law enforcement offices in the community where the property 358. is located or the Minnesota Department of Corrections at (651) 361-7200, or from the Department of 359. Corrections web site at www.corr.state.mn.us. MN:DS:SPDS-8 (8/16) ✘ ✘

Page 15 of 20

DocuSign Envelope ID: 214106BE-A73B-4E24-8A0E-2C307AFC4857

DISCLOSURE STATEMENT: SELLER’S PROPERTY DISCLOSURE STATEMENT 360. Page 9

361.

THE INFORMATION DISCLOSED IS GIVEN TO THE BEST OF SELLER’S KNOWLEDGE.

362. Property located at 363. Q. ADDITIONAL COMMENTS: 364. 365. R. MN STATUTES 513.52 THROUGH 513.60: SELLER’S MATERIAL FACT DISCLOSURE: 366. Exceptions: The seller disclosure requirements of MN Statutes 513.52 through 513.60 DO NOT apply to 367. (1) real property that is not residential real property; 368. (2) a gratuitous transfer; 369. (3) a transfer pursuant to a court order; 370. (4) a transfer to a government or governmental agency; 371. (5) a transfer by foreclosure or deed in lieu of foreclosure; 372. (6) a transfer to heirs or devisees of a decedent; 373. (7) a transfer from a co-tenant to one or more other co-tenants; 374. (8) a transfer made to a spouse, parent, grandparent, child, or grandchild of Seller; 375. (9) a transfer between spouses resulting from a decree of marriage dissolution or from a property agreement 376. incidental to that decree; 377. (10) a transfer of newly constructed residential property that has not been inhabited; 378. (11) an option to purchase a unit in a common interest community, until exercised; 379. (12) a transfer to a person who controls or is controlled by the grantor as those terms are defined with 380. respect to a declarant under section 515B.1-103, clause (2); 381. (13) a transfer to a tenant who is in possession of the residential real property; or 382. (14) a transfer of special declarant rights under section 515B.3-104. 383. MN STATUTES 144.496: RADON AWARENESS ACT 384. The seller disclosure requirements of MN Statute 144.496 DO NOT apply to (1)-(9) and (11)-(14) above. Sellers 385. of newly constructed residential property must comply with the disclosure requirements of MN Statute 144.496. 386. Waiver: The written disclosure required under sections 513.52 to 513.60 may be waived if Seller and the 387. prospective Buyer agree in writing. Waiver of the disclosure required under sections 513.52 to 513.60 does not 388. waive, limit, or abridge any obligation for seller disclosure created by any other law. 389. No Duty to Disclose: 390. (A) There is no duty to disclose the fact that the property 391. (1) is or was occupied by an owner or occupant who is or was suspected to be infected with Human 392. Immunodeficiency Virus or diagnosed with Acquired Immunodeficiency Syndrome; 393. (2) was the site of a suicide, accidental death, natural death, or perceived paranormal activity; or 394. (3) is located in a neighborhood containing any adult family home, community-based residential facility, or 395. nursing home. 396. (B) Predatory Offenders. There is no duty to disclose information regarding an offender who is required to 397. register under MN Statute 243.166 or about whom notification is made under that section, if Seller, in a timely 398. manner, provides a written notice that information about the predatory offender registry and persons registered 399. with the registry may be obtained by contacting the local law enforcement agency where the property is 400. located or the Department of Corrections. 401. (C) The provisions in paragraphs (A) and (B) do not create a duty to disclose any facts described in paragraphs 402. (A) and (B) for property that is not residential property. 403. (D) Inspections. 404. (1) Except as provided in paragraph (2), Seller is not required to disclose information relating to the real 405. property if a written report that discloses the information has been prepared by a qualified third party 406. and provided to the prospective buyer. For purposes of this paragraph, “qualified third party” means a 407. federal, state, or local governmental agency, or any person whom Seller or prospective buyer reasonably 408. believes has the expertise necessary to meet the industry standards of practice for the type of inspection 409. or investigation that has been conducted by the third party in order to prepare the written report. 410. (2) Seller shall disclose to the prospective buyer material facts known by Seller that contradict any information 411. included in a written report under paragraph (1) if a copy of the report is provided to Seller. MN:DS:SPDS-9 (8/16) 3116 W Lake Street Minneapolis MN 55416

.

Page 16 of 20

Real Estate Redefined Full-service agents. Modern technology. Lower fees. Buy this home with a Redfin Agent and get a tax-free refund. *

redfin.com

*Information deemed reliable, but not guaranteed. Buyer to verify all information regarding this property to their own satisfaction. Refund amounts vary and are subject to minimum commission requirements. Commission refunds are not available where prohibited by law.

Page 20 of 20

Page 1 Page 2 Page 3 Page 4 Page 5 Page 6 Page 7 Page 8 Page 9 Page 10 Page 11 Page 12 Page 13 Page 14 Page 15 Page 16 Page 17 Page 18 Page 19 Page 20 Page 21 Page 22 Page 23 Page 24 Page 25 Page 26 Page 27

www.redfin.com

Made with FlippingBook Online document