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CondominiumResidential
$188,245$224 / ft²
TopHap EstimateOur estimate of what this home would sell for today, based on nearby sales, the home's size and features, and local price trends. It is a starting point, not an appraisal.· confidence 93How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Oct 21, 2026
Last sold for $130,500 on May 12, 2010

3948 1ST AVE S

MINNEAPOLIS, MN 55409
Building report
2
Beds
1
Baths
839 ft²
Living AreaTotal finished area of the structures, from county records. Some counties include shared space like hallways or a building gym, so it may not match a listing.
0.23 ac
Lot SizeThe size of the land the home sits on, from county records.
1930
Year BuiltThe year the home was originally built, according to county records.
1
StoriesHow many floors the home has above ground.
5
RoomsThe total room count in county records. Counties differ on which rooms they count, so compare it loosely.

Valuation

$188K
$175K low$202K high
Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$130,500 · May 12, 2010

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$2,578 (2025)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$193,000 (2025)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$30,000
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$163,000
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$197,000
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$193,000

Climate Risk

Projected Flood DepthHow deep a serious flood is expected to get here at some point in the next 30 years. Shown in inches.14 in
30-Year Flood ChanceThe chance of at least one serious flood here in the next 30 years, not in any single year.30%
FEMA Flood ZoneFEMA's flood zone for this address. Zones starting with A or V are high risk, and lenders usually require flood insurance there.minimal

Scores 0–100; higher = greater projected risk.

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Condominium
StyleThe architectural style of the home, such as ranch or colonial.Condo/Apartment
CountyHENNEPIN
Lot (acres)The size of the land the home sits on, from county records.0.23
ConstructionThe main material the home's frame and walls are built from.Concrete
RoofThe main material covering the roof, such as asphalt shingle or tile.Roll Tar & Gravel
HeatingThe type of heating system in the home.Steam
PoolWhether the property has a pool, and what kind, such as in-ground.No

Transaction History(3)

Sales and refinances filed with the county for this home. Not every transfer is a normal sale, so check the type before comparing prices.

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

E
Barton Elementary School
Elementary · Grades KG–5 · 0.8 mi
M
Justice Page Community Middle SchoolB
Middle · Grades 6–8 · 1.2 mi
H
Washburn High SchoolB
High · Grades 9–12 · 1.2 mi

District: Minneapolis Public School District

Neighborhood · ZIP 55409These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.95
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.93
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.11

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.96%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.36%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.8.3%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.0%
PopulationHow many people live in this area.11,267
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.8,690 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$95,359
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$120,104
Average tempThe average temperature here across a full year.45°F
Annual precipHow much rain and melted snow falls here in a typical year.31 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.58%

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Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

How this home compares

3948 1st Ave S measured against every home in its neighborhood, its ZIP code and its county, using county assessor records refreshed nightly. A home can stand out in one of those areas and look ordinary in another, because each one holds a different mix of homes.

  • Worth less than 93% of homes in King Field
  • Costs less per square foot than 77% of homes in King Field
  • Smaller than 94% of homes in King Field
  • Has a bigger lot than 95% of homes in King Field
  • Newer than 90% of homes in King Field

What homes are worth in Minneapolis 55409

Each bar is how many homes fall in that price range. The marker is this home.

This home
$134K$997K

This home is worth more than 15% of homes in Minneapolis 55409.

How it measures up in Minneapolis 55409

The dot is this home. The mark in the middle is the typical home in Minneapolis 55409.

Estimated value$188,245
CheaperTypical $324,906Pricier

Pricier than 15% of homes nearby

Price per ft²$224
CheaperTypical $252Pricier

Pricier than 34% of homes nearby

Living area839 ft²
SmallerTypical 1,365 ft²Bigger

Bigger than 10% of homes nearby

Lot size0.23 ac
SmallerTypical 0.12 acBigger

Bigger than 90% of homes nearby

Year built1930
OlderTypical 1916Newer

Newer than 82% of homes nearby

How 3948 1st Ave S ranks against every home in each area.
MeasureThis homeKing FieldMinneapolis 55409Hennepin County
Estimated valuepricier than$188,2457% of homes15% of homes10% of homes
Price per ft²pricier than$22423% of homes34% of homes27% of homes
Living areabigger than839 ft²6% of homes10% of homes7% of homes
Lot sizebigger than0.23 ac95% of homes90% of homes46% of homes
Year builtnewer than193090% of homes82% of homes17% of homes

About 3948 1st Ave S

How much is 3948 1st Ave S, Minneapolis, MN worth?

The TopHap Estimate for 3948 1st Ave S, Minneapolis, MN is $188,245 as of Oct 21, 2026. The likely range is $174,914 to $201,576. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 3948 1st Ave S, Minneapolis, MN last sell?

3948 1st Ave S, Minneapolis, MN last sold on May 12, 2010 for $130,500, according to the county's recorded deed. TopHap holds 3 recorded sales for this parcel.

How big is 3948 1st Ave S, Minneapolis, MN?

3948 1st Ave S, Minneapolis, MN has 2 bedrooms, 1 bathrooms, 839 square feet of living space and a 0.23-acre lot.

When was 3948 1st Ave S, Minneapolis, MN built?

3948 1st Ave S, Minneapolis, MN was built in 1930, making it 96 years old. It is a condo/apartment home. The building has 1 story.

What schools serve 3948 1st Ave S, Minneapolis, MN?

3948 1st Ave S, Minneapolis, MN is assigned to Barton Elementary School (elementary); Justice Page Community Middle School (middle), rated B; Washburn High School (high), rated B. All sit in Minneapolis Public School District. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 3948 1st Ave S, Minneapolis, MN compare to other homes in Minneapolis 55409?

Among the 3,867 homes in Minneapolis 55409, it is worth more than 15% of them ($188,245 against a typical $324,906), its price per square foot is higher than 34% of them ($224 against a typical $252), it is bigger than 10% of them (839 ft² against a typical 1,365 ft²), its lot is bigger than 90% of them (0.23 ac against a typical 0.12 ac) and it is newer than 82% of them (1930 against a typical 1916). Measured against all of Hennepin County, it is worth more than 10% of homes there. These shares are recounted nightly from the full county assessor record for each area, not from active listings.

What are the property taxes on 3948 1st Ave S, Minneapolis, MN?

The 2025 property tax bill for 3948 1st Ave S, Minneapolis, MN was $2,578. The county assessed it at $193,000.

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