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‘Purple Rain’ House for Sale In Minneapolis

‘Purple Rain’ House for Sale In Minneapolis

The home that was featured in the 1980’s classic movie Purple Rain is for sale, and the price may just make you want to party like it’s 1999: $110,000.

That’s right, the home of “The Kid,”  is going for peanuts, and that’s because the purple one’s domicile is going to be 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 states that the home is “historic” but that it will need to be “rehabbed.”  The listing reads, “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 be your dream home. The price is certainly acceptable, especially for such a famous residence.  The 1,348 square foot, three bedroom, two bath house is ready to sell, but it’ll need 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 is listed in a Minneapolis housing market that is seeing its best months in recent memory.  In February, home sales rose 1.3 percent – the biggest rise since October of 2013, and is fueling optimism for the foreseeable future.  There have been more listings since the Spring than there have in quite some time, with buyers pulling the trigger.  Many attribute this to demand as well as mortgage rates that are at a historic low.

Even though the Purple Rain house will need some work, its a great deal considering that inventory throughout the area is tight.  The shortage in listings has been tough for investors as well as new home buyers.

Either way, the housing market is pretty healthy right now in Minneapolis, as the number of foreclosures are getting smaller and smaller.  In fact, this past spring the Minnesota Homeownership Center stated that foreclosure rates are the lowest they’ve been since 2005.