505 HOPKINS ST

PID: 322922240032· 2 fields stubbed (see below)

Property Overview

Parcel ID322922240032

Lot Size7,405 sq ft (0.180 ac)

Lot Dimensions (est.)50 ft wide × 142 ft deep

Year Built1884

Property ClassSINGLE FAMILY DWELLING, PLATTED LOT

OwnerTIMOTHY JAMES POWELL

Assessed Value$206,500

Land Value$25,000

Building Value$181,500

Annual Tax—(stub)

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

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

3 permits on record since 2021 · $240 total declared value · Most recent: Jun 2022 (plumbing)

PlumbingJun 2022Finaled

$200

David S Ingalsbe

ElectricalMay 2022Finaled

$40

David S Ingalsbe

Building PermitApr 2021Finaled

—

BEAR ROOFING & EXTERIORS INC

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

Neighborhood Profile

Payne-Phalen District 5 Planning Council · Saint Paul

Median reported rent1,099/mo

Renter-occupied41.8%

Median home value$190K

Vacancy rate7.3%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 330

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 depth122 ft

Area~3,979 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 3,979 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
501 HOPKINS ST	SHORE ACRES PROPERTIES LLC	SINGLE FAMILY DWELLING, PLATTED LOT	$212,400	50 ft
509 HOPKINS ST	RAFID SHAKKHAR	SINGLE FAMILY DWELLING, PLATTED LOT	$198,600	57 ft
573 PAYNE AVE	ONION INVESTMENTS LLC	COMMERCIAL VACANT LAND	$24,000	76 ft
579 PAYNE AVE	VU PROPERTIES LLC	SINGLE FAMILY DWELLING, PLATTED LOT	$209,100	91 ft
565 PAYNE AVE	ONION INVESTMENTS LLC	OFFICE BUILDING 1-2 STORIES	$289,500	95 ft
497 HOPKINS ST	CAROLE J PERG LESLEY A PERG	TWO FAMILY DWELLING - UP/DWN	$212,400	101 ft
585 PAYNE AVE	GER MOUA	SINGLE FAMILY DWELLING, PLATTED LOT	$212,100	140 ft
574 BRUNSON ST	DAMIAN SCHAAB	SINGLE FAMILY DWELLING, PLATTED LOT	$210,500	150 ft
493 HOPKINS ST	EDWARD C MARANDA	SINGLE FAMILY DWELLING, PLATTED LOT	$168,000	158 ft
580 BRUNSON ST	EVERT WILFREDO ESCOBAR BONILLA ANDREA ISABEL CASTILLO	SINGLE FAMILY DWELLING, PLATTED LOT	$186,700	158 ft

Property History

Most Recent Sale

Date2023-06-06

Price$199,000

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.