1451 MAGNOLIA AVE

PID: 272922210072· 2 fields stubbed (see below)

Property Overview

Parcel ID272922210072

Lot Size1,742 sq ft (0.180 ac)

Lot Dimensions (est.)125 ft wide × 14 ft deep

Year Built2005

Property ClassTOWNHOME - TICO

OwnerATIMMA BASSIRAY EYO

Assessed Value$231,500

Land Value$50,000

Building Value$181,500

Annual Tax—(stub)

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictUnknown

Development Opportunities

Opportunity ZoneHigh

Within a federally designated Qualified Opportunity Zone — investors may qualify for capital gains deferrals via a Qualified Opportunity Fund.

HUD Opportunity Zones ↗

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 ↗

Met Council Environmental Response FundMedium

Grants and loans for contamination assessment and cleanup on eligible redevelopment sites in the metro area; does not indicate known contamination.

Metro Council — Environmental Response Fund ↗

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

Permit History

No permits found in Saint Paul open data for this parcel.

Neighborhood Profile

Greater East Side Community Council · Saint Paul

Median reported rent924/mo

Renter-occupied72.6%

Median home value$198K

Vacancy rate3.3%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 317.02

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 width115 ft

Buildable depth0 ft

Area~1,849 sqft

Lot dimensions are insufficient for the standard setbacks shown.

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 small multifamily (2–4 units, wood frame) benchmarks for 1,849 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
1449 MAGNOLIA AVE E	KELSY E GAMBONI	TOWNHOME - TICO	$231,500	0 ft
1453 MAGNOLIA AVE	CYNTHIA DAVIS	TOWNHOME - TICO	$231,500	0 ft
1455 MAGNOLIA AVE	MALENA THAMMAVONGSA	TOWNHOME - TICO	$231,500	0 ft
1457 MAGNOLIA AVE	SARAH B FLORMAN	TOWNHOME - TICO	$232,500	0 ft
1447 MAGNOLIA AVE	JOHN J BUSCHENA TR DEBRA J BUSCHENA TR	TOWNHOME - TICO	$232,500	0 ft
1461 MAGNOLIA AVE	GEORGETTE KLEINBAUM	TOWNHOME - TICO	$245,700	114 ft
1459 MAGNOLIA AVE	DENNIS J ROACH JR ANDREW ROACH	TOWNHOME - TICO	$245,700	114 ft
1463 MAGNOLIA AVE	PANKAJ SHARMA	TOWNHOME - TICO	$245,700	114 ft
1471 MAGNOLIA AVE	DANIEL GAUPP	TOWNHOME - TICO	$231,500	152 ft
1475 MAGNOLIA AVE	JILL STORM	TOWNHOME - TICO	$232,500	152 ft

Property History

Most Recent Sale

Date2022-06-01

Price$226,600

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.