Barker and Hedges Real Estate Blog

Minnesota Ranks in the Top Ten for Business in the Country

Mall of America Getting 'Super' for 2018

With the 2018 Super Bowl calling the Twin Cities home, it comes as little surprise that the state is looking to make itself as attractive as possible to a world audience. With the Vikings getting a new stadium and the addition of more light rail, the state is quickly looking to ready itself for the worldwide event.

Though unrelated to the Super Bowl taking place in Minneapolis, the Mall of America is also expanding, by a whole lot. If you thought the MOA was huge before, can you imagine it being twice as big? The next ten years will make that a reality. Yes, that’s right, the MOA will be double its current size in just over ten years.

The MOA is planning on expanding the mall in phases, with the first phase adding another hotel, another sizable atrium, more dining options and retail space, an office building and underground parking.

This already unbelievable mall will now be even more attractive to visitors of all varieties. Sure, MOA is adding more shopping and dining, but imagine having your office on site? Business meetings could take place at all sorts of different locations on site – plus, factor in the proximity to the airport and this new office complex is sure to be attractive to all types of businesses.

With the Super Bowl on its way, many visitors will be able to enjoy the Mall of America getting a super sized face-lift.  

Image courtesy of: DLR Group 

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Maiden Rock Refuge

This historic riverfront property has been extensively preserved and enhanced by the current owners and will be a destination for generations to come.  Originally built as the Maiden Rock Creamery in the 1940's, it was converted into retail spaces and is currently used as an event center with 3 spacious apartments all with vista views of Lake Pepin. 

For more information, please visit: Maiden Rock Refuge.

The Refuge at night

There are nearly unlimited uses for the property including any combination of: a brewery, brew pub, winery, restaurant, event or retreat center, office condos, retail, art gallery, coffee shop, apartments, condos.  With sweeping views from every window and the 2 level rooftop patio, bring your imagination!

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5412 France Avenue #204, Edina MN

Looking for a fabulous condo with all the updates and a location to die for?  Proudly introducing you to MLS #4483720.  This beautifully remodeled condo features an open floor plan, hardwood floors, granite kitchen counters, stainless steel appliances, in-unit washer and dryer, and your own garage!

Only 4 blocks to the heart of Edina's 50th & France.  An easy walk to the shops, restaurants and other buisinesses in this coveted location or continue just a few blocks further to the prestigious Fulton and Linden Hills neighborhoods, Lakes Calhoun and Harriet and Minnehaha Creek.

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Linden Hills & Fulton Neighborhoods of Minneapolis

The Linden Hills and Fulton neighborhoods are two of the best locations to live in all the Twin Cities. Aside from only being minutes away from both downtown Minneapolis and St. Paul, the area sits in close proximity to the international airport and the Mall of America – and because the neighborhood is on the west side of the metro, it’s only a short drive to the scenic Lake Minnetonka. And on that note, the area itself has plenty of outdoor space that feels anything but urban.

Image Credit: Joe Bielawa

Near the Linden Hills and Fulton neighborhoods sit plenty of bodies of water worth spending time around – Minnehaha Creek, Lake Calhoun, Cedar Lake, Lake of the Isles and Lake Harriet are all in close proximity. These options are a godsend for anyone who appreciates the outdoors, loves a good beach or water activities.

Image Credit: Jason Riedy

Minnehaha Creek is one can’t miss spot in the area, flowing 22 miles east through many Minneapolis suburbs. The creek flows into the gorgeous Minnehaha Falls, a huge attraction in the Minneapolis area. The 53-foot high waterfall is a beautiful escape for the urban life that surrounds the area.

There are also many fantastic parks in the area. Residents can chose from Utley Park, York Park, Arden Park, Wooddale Park, Pamela Park, and more. Minneapolis is an ever-growing city,...

Bleu Valley Estate will be on the market soon

At Barker and Hedges, we are proud to announce that we have a really amazing property hitting the market in the coming weeks. “Bleu Valley Estate” is located in Stillwater and is one of Minnesota’s premiere equestrian properties – in fact, this estate has been home to many stakes-winning thoroughbred racehorses.

This prime, 70+ acre estate is located just minutes from downtown Stillwater and the St. Croix Valley. The property sits alongside the future Gateway Trail Extension, a massively popular bike/walking trail that also has unpaved surfaces for horseback riding.

The property features a beautiful log-sided home overlooking the countryside with unforgettable panoramic views. The inside of the home is spacious, but cozy with the wood features making the interior appear timeless.

 The equestrian pieces of the estate features: a T-shaped barn with two 36' X 84' sections, an attached 55' x 60' indoor arena, 75' x 100' outdoor area, 36' x 48' hay or equipment shed, 14' x 28' machine shed, 8 pastures featuring run-in livestock shelters and Miraco automatic livestock water dispensers.

 The property also features over 3,000 feet of underground waterlines and 17,500 feet of fencing.

Some of the surrounding properties are secured in a Land Trust, which gives “Bleu Valley Estate” the ultimate privacy. There is also the potential for the future development of 20 more acres located at the front of the estate.

To learn more about this once in a lifetime opportunity, visit www.bleuvalleyestate.com

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Mortgage Loans for Doctors

Special Loan Program for Doctors

There is a new mortgage loan program available for medical physicians (MDs) and even residents and interns!  While most traditional mortgage loan programs require 20% down payment if you want to avoid paying mortgage insurance, this new loan program for qualifying Doctors offers down payments as low as 5% with no mortgage insurance.  In addition, this program offers loan amounts up to $1,000,000 and even as high as $1,500,000 with a 10% down payment.

This is a great new program and here is where you can find more information about the Preferred Doctor Program.

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Twin Cities Market Update Week Ending February1, 2014

As we emerge from the seemingly never ending polar vortex, the real estate market is beginning to show signs of life.  The most recent market stats continue to favor home sellers with lower inventory and higher median sale prices.  Here is a breakdown of the year over year stats for a few key categories:

  • New Listings: DOWN 16.9% over last year.
  • Homes for Sale (inventory): DOWN 9.1% over last year.
  • Median Sale Price: UP 12.4% over last year.

To give a little more context to this information, there are just under 12,000 homes for sale in the Twin Cities right now and last year at this time there were just over 13,000 home listings and those following the real estate industry were noting at that time that the overall listing inventory was exceptionally low...and now it is even lower.  The lack of available homes is causing median and average sale prices to increase.  If you would like more information about the market stats in your area, please visit our Twin Cities Market Statistics page for additional information that is updated daily.

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How Setting the Right Price Can Help Sell a Home

Setting the asking price correctly can help you with a swift and successful sale. The first few weeks a home is for sale on the market is the best chance for selling a home at a good price, in a reasonable amount of time,

right_pricing_home_for_sale_282Because of the low inventory in markets across the United States, home buyers are searching the MLS listings every day, waiting for the right home to go on the market. If your home is priced right from the beginning, you will be in the best position to attract home buyer attention and sell the house for a good price within a time frame you can live with. If your price is set too low, you might get a lot of attention and some lowball offers, but you stand a chance of losing out on thousands of dollars.  If your price is set too low, less people will come to look and offers to pay your impractical price will be few and far between. You could reduce your price, but by that time you will have likely missed out on home buyers who might have been interested.

How Are Prices Set?

Determining what an initial asking price should be involves research on the real estate market and judgment that comes from experience. The basic steps include, but are not limited to:

  • Assessing the homes against similar home in the neighborhood that have sold recently or are presently for sale.
  • Defining what features of the house make the home special among others currently up for sale in the area.
  • Deciding how much to invest in improvements that could increase the marketability of the home to earn the best sale price.

A good sale price will be close to the market value of the house, which is continuously shifting. Setting the right price from the beginning...

What $225,000 Buys in Burnsville

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Here is MLS #4405982. This remodeled home is set up on a huge double lot, .76 acres, and is surrounded by a what you could desribe as a park setting. This move in ready home is beautiful inside, starting with the newly remodeled kitchen complete with stainless steel applicances and granite countertops.This home is located at 13601 James Avenue South, Burnsville, MN.

13601_james_avenue_south_mls_hid817083_roomkitchendiningroom_400


The upstairs have impeccable hardwood floors to match the wood cabinets in the kitchen. The home features a lot of open space giving potential homeowners endless possibilites of what to do with the large rooms. 

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The downstairs is carpeted, and offers plenty more open space and storage possibilities.

13601_james_avenue_south_mls_hid817083_roomofficemainlevel_400...

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