‘Purple Rain’ House for Sale In Minneapolis
The home that was featured in the 1980’s classic movie Purple Rain went up for sale in 2015, and the price may just make you want to party like it’s 1999: $110,000.
That’s right, the home of “The Kid,” went for peanuts, and that’s because the purple one’s domicile was a real fixer upper. Are you ready to flip? Well, “Let’s go Crazy.”
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The iconic home is located at 3420 Snelling Ave in Minneapolis and is a listing of Caldwell Banker. Their listing stated that the home is “historic” but that it will need to be “rehabbed.” The listing read, “Revitalize this historic home which Prince featured in his ‘Purple Rain’ movie. This home needs to be rehabbed. Newer boiler in 2010. Close to Light Rail on a quiet street in the Longfellow neighborhood. Buyer to assume any R & R’s on the TISH.”
So if you happen to be a formerly known as superfan, and you’re handy to boot, this could have been your dream home. The price was certainly acceptable, especially for such a famous residence. The 1,348 square foot, three bedroom, two bath house just needed some TLC.
Prince never lived in the house, remember. It was just a set for the film. But even so, Prince fans might be enticed. The house that Prince actually did live in is on Lake Riley in Chanhassen. Prince demolished that home after his father died.
The film was named after Prince’s breakout album. He made his acting debut in the film, which was directed by Albert Magnoli and was based on certain events in Prince’s life. The story is based around Prince’s character, “The Kid,” who follows his dream of being a musician in order to escape his abusive family. The film was a hit, earning $68.4 million globally and garnering Prince his first Academy Award for Best Original Song in 1984.
The Purple Rain album sold over 22 million copies internationally made Prince a superstar.
Call We Buy Ugly Houses® at 866-200-6475
The Purple Rain house was listed in the Minneapolis housing market. In February of 2015, home sales rose 1.3 percent – the biggest rise since October of 2013. Many attributed this to demand as well as mortgage rates that were at a historic low.
Even though the Purple Rain house will needed some work, it was a great deal considering that inventory throughout the area was tight. The 2015 housing market was pretty healthy in Minneapolis, with the number of foreclosures that got smaller and smaller. In fact, in the previous spring the Minnesota Homeownership Center stated that foreclosure rates were the lowest they’d been since 2005.
