1256 PALACE AVE

PID: 102823130172· 2 fields stubbed (see below)

Property Overview

Parcel ID102823130172

Lot Size6,098 sq ft (0.140 ac)

Lot Dimensions (est.)50 ft wide × 122 ft deep

Year Built1925

Property ClassSINGLE FAMILY DWELLING, PLATTED LOT

OwnerSHAUN FARICY

Assessed Value$402,000

Land Value$134,600

Building Value$267,400

Annual Tax—(stub)

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

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 ↗

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

Permit History

3 permits on record since 2022 · $40K total declared value · Most recent: Mar 2023 (electrical)

ElectricalMar 2023Finaled

$2K

NW ELECTRIC CONTRACTING COMPANY LLC

Building PermitNov 2022Inspected

$35K

ALEXANDER KORBEL ECOCON LLC

PlumbingSep 2022Finaled

$3K

DAVID SMITH ST PAUL PLBG & HTG CO - MSP PLBG

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

Neighborhood Profile

Macalester Groveland Community Council · Saint Paul

Median reported rent1,181/mo

Renter-occupied17.0%

Median home value$358K

Vacancy rate4.1%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 366

Zoning

H2Residential

Residential — medium-density multi-unit housing (up to 5 units)

Typical Uses

·Apartment buildings (up to 5 units)
·Duplexes
·Townhomes

Max Height39 ft

Min Setbacks

Front

10 ft

Side

5 ft

Rear

10 ft

Development Potential

Setbacks

Front10 ft

Side (each)5 ft

Rear10 ft

Estimated Buildable Footprint

Buildable width40 ft

Buildable depth102 ft

Area~3,141 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 3-story wood frame (5–12 units) benchmarks for 3,141 sqft buildable area.

Est. units

Yield on cost

3.8%

Spread

-1.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1262 PALACE AVE	ETHAN E LAMONT LAURA L LAMONT	SINGLE FAMILY DWELLING, PLATTED LOT	$397,100	50 ft
1252 PALACE AVE	MARK W THOMPSON KIMBERLY A THOMPSON	SINGLE FAMILY DWELLING, PLATTED LOT	$571,200	50 ft
1246 PALACE AVE	VIRGINIA A HUBBARD TR	SINGLE FAMILY DWELLING, PLATTED LOT	$439,300	100 ft
1266 PALACE AVE	RICHARD F MILLER JOAN E MILLER	SINGLE FAMILY DWELLING, PLATTED LOT	$352,600	100 ft
1259 JAMES AVE	GEORGE T HOPE CHRISTINE HOPE	SINGLE FAMILY DWELLING, PLATTED LOT	$335,600	145 ft
1270 PALACE AVE	ERIC P KORMANIK ELLEN KORMANIK	SINGLE FAMILY DWELLING, PLATTED LOT	$424,500	150 ft
1242 PALACE AVE	DAMON BAYER OLIVIA HOGAN-STARK	SINGLE FAMILY DWELLING, PLATTED LOT	$480,500	150 ft
1263 JAMES AVE	WADE THOMAS JOHNSON	SINGLE FAMILY DWELLING, PLATTED LOT	$317,800	153 ft
1253 JAMES AVE	RICHARD J GEIST TR KATHRYN M GEIST TR	SINGLE FAMILY DWELLING, PLATTED LOT	$818,100	154 ft
1249 JAMES AVE	THOMAS JOSEPH FOLEY SUZANNE LAVELLE FOLEY	SINGLE FAMILY DWELLING, PLATTED LOT	$451,600	176 ft

Property History

Most Recent Sale

Date2010-11-01

Price$205,000

Type—

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.