4924 Abbott Ave S in Minneapolis sells for $1.4 million

A single-family home at 4924 Abbott Ave S in Minneapolis sold for $1,400,000 on September 24, 2026, according to the Certificate of Real Estate Value filed with the Minnesota Department of Revenue.

The record lists Dream Homes Inc. as the seller and Tong Family Trust dated October 28, 2020, as amended as the buyer.

An aerial photo shows the home's setting, with other houses around it.

Assessor's records show a 2025 build year and a 5,227-square-foot lot. They list a market value of $348,300; the sale price was 4 times that. The last sale on record was $320,000 in 2024, and this price is 4.4 times that. Listing data shows 5 bedrooms and 1 bathrooms.

This summary was written by AI from public sales records and checked by automated rules. The figures come from the record and the NetSheet.org rules engine. How we make these.

What were the closing costs in Hennepin County?

By our estimate, the seller's two largest charges, not counting commission and prorations, were $4,760 for the state deed tax + Environmental Response Fund (Hennepin/Ramsey) and $3,425 for the owner's title insurance policy. Who pays what follows Hennepin County custom.

How much did the seller net?

By our estimate, the seller netted about $1,317,742. That assumes a 5% commission. It is before any mortgage payoff.

How much cash did the buyer bring to closing?

A buyer putting 20% down would need about $305,091 at closing. That covers the down payment and closing costs.

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