Sunday Open House Near Cedar Lake

Art Deco Gem

What: historically designated, Moderne-style Art Deco just south of Cedar Lake. Features 5(!) Bedrooms, 5(!) Baths (almost 3,800 square feet total); first-floor Owner's Suite; and stunning, period detail in everything from the light fixtures to the hammered iron railings.
Where: 2700 Chowen Ave. South
Who: hosted -- and listed -- by Ross Kaplan (broker is Edina Realty).
How much: $875,000
When: 1 p.m. to 3 p.m. this Sunday (June 6). Listed . . . today!

Interested in buying one of Minneapolis' landmark Art Deco homes? (The home was historically designated by the Minneapolis Heritage Preservation Commission in 1996).

Know someone who might be?

Please stop by my open house at 2700 Chowen Ave. South this Sunday, in Minneapolis' Sunset Gables neighborhood.

Not an architecture buff?

The home's also perfect for someone who wants a large, light-filled home on a corner lot just steps to Cedar Lake (and blocks to Isles and Calhoun).

Hope to see you!

The Whitney

Where: The Whitney (downtown Minneapolis)

What: 2,400 FSF condo with 3 BR/3BA

How (much): ask price - $1.075M; sold price - $675k

When: listed June 4; closed Aug. 13

Asking prices mean a lot less to Realtors than to the general public.

Case in point: this 2,400 FSF condo at The Whitney, a high-end boutique hotel that was converted to condo's in 2006 (a little bit like Minneapolis' version of The Plaza Hotel in NY, except for The Whitney's history as a 19th-century grain mill).

When a condo that lists for $1.075M in June sells for $675k in July (closed last week), you can surmise that the asking price was inflated and/or the Seller was extremely motivated.

I haven't done the comp's, so I'm not going to wager which explanation applies . .