344 RAMSEY ST

PID: 012823420150· 2 fields stubbed (see below)

Property Overview

Parcel ID012823420150

Lot Size6,098 sq ft (0.130 ac)

Lot Dimensions (est.)98 ft wide × 66 ft deep

Year Built1864

Property ClassSINGLE FAMILY DWELLING, PLATTED LOT

OwnerPATRICIA LYNN OLSON

Assessed Value$268,800

Land Value$75,700

Building Value$193,100

Annual Tax—(stub)

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictUnknown

Development Opportunities

Qualified Census Tract (QCT)High

Within a HUD-designated Qualified Census Tract — LIHTC projects here receive a 30% basis boost, significantly increasing the tax credit allocation for affordable housing development.

HUD — LIHTC Qualified Census Tracts ↗

Potential programs

Saint Paul STAR Grants & LoansMedium

Saint Paul's Sales Tax Revitalization (STAR) program provides grants and loans for commercial, mixed-use, and neighborhood improvement projects. Applications accepted annually.

Saint Paul — STAR Program ↗

LIHTC 30% Basis BoostMedium

Affordable housing developments in QCTs receive a 30% increase in eligible basis for Low Income Housing Tax Credits — materially improving project feasibility. Allocated through MHFA.

HUD — LIHTC Qualified Census Tracts ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

1 permit on record since 2021 · $3K total declared value · Most recent: Dec 2021 (electrical)

ElectricalDec 2021Finaled

$3K

Jennifer Snyder Signature Electric Co

Source: Saint Paul open data. Declared construction values are applicant-reported and may not reflect actual project cost.

Neighborhood Profile

Summit Hill Association · Saint Paul

Median reported rent929/mo

Renter-occupied72.2%

Median home value$316K

Vacancy rate4.1%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 359

Zoning

RM2Medium-Density Multiple-Family Residential

Multi-family Residential 2 — medium-intensity apartment (5 stories max)

Typical Uses

·Mid-rise apartments
·Condominiums
·Assisted living
·Nursing homes

Max Height50 ft

Min Setbacks

Front

25 ft

Side

9 ft

Rear

25 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width88 ft

Buildable depth26 ft

Area~722 sqft

Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.

Development Feasibility

Likely Infeasible

Back-of-envelope estimate based on sfr / adu benchmarks for 722 sqft buildable area.

Est. units

Yield on cost

3.7%

Spread

-1.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
356 RAMSEY ST	MARGARET M THILL	TOWNHOME - OUTER UNIT	$492,800	57 ft
343 GRAND AVE	TAYLOR PLATZER	TWIN HOME	$297,500	61 ft
345 GRAND AVE	JULIAN J ZWEBER TR DONALD T STRAFELDA TR	TWIN HOME	$291,800	71 ft
342 RAMSEY ST	TODD J UECKER	SINGLE FAMILY DWELLING, PLATTED LOT	$267,600	72 ft
358 RAMSEY ST	MICHAEL A HAASE ALESSANDRA O CHIARELI	TOWNHOME-INNER UNIT	$488,800	83 ft
360 RAMSEY ST	GABRIEL JAMES WALSH LOGAN WALSH	TOWNHOME-INNER UNIT	$497,300	102 ft
362 RAMSEY ST	BRIAN MURPHY	TOWNHOME-INNER UNIT	$480,600	121 ft
351 GRAND AVE	PAUL PLUM	SINGLE FAMILY DWELLING, PLATTED LOT	$231,800	132 ft
364 RAMSEY ST	DEBBIE K ANDERSON MARY A ZAPPETILLO	TOWNHOME-INNER UNIT	$484,700	140 ft
333 GRAND AVE	GRAND HILL LLC	OFFICE BUILDING 1-2 STORIES	$740,200	148 ft

Stub notice: The following fields could not be fetched from live sources and are shown as "—": taxHistory, taxAmount. See README for details on which sources are live vs. stubbed.