NOT LISTED FOR SALE

1509 E Lake St Minneapolis, MN 55407

Powderhorn Park Neighborhood

Estimated Value: $633,411

-- Bed
-- Bath
3,551 Sq Ft
$178/Sq Ft Est. Value

About This Home

This home is located at 1509 E Lake St, Minneapolis, MN 55407 and is currently estimated at $633,411, approximately $178 per square foot. 1509 E Lake St is a home located in Hennepin County with nearby schools including Andersen United Middle School, Bancroft Elementary School, and Andersen Middle.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 30, 2021
Sold by
Saldi Llc
Bought by
Lopez Real Estate Llc
Current Estimated Value
$633,411

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,000
Outstanding Balance
$296,370
Interest Rate
2.8%
Mortgage Type
Commercial
Estimated Equity
$337,041

Purchase Details

Closed on
Nov 13, 2007
Sold by
Gade Michael
Bought by
Hernandez Eduardo Salgado

Purchase Details

Closed on
Jan 9, 2007
Sold by
Reyes Modesto
Bought by
Hernandez Eduardo Salgado

Purchase Details

Closed on
Sep 29, 2005
Sold by
Gape Michael S
Bought by
Reyes Modesto E and Reyes Emilia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,000
Interest Rate
7%
Mortgage Type
Land Contract Argmt. Of Sale
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

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Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Lopez Real Estate Llc $530,000 Land Title Inc
Hernandez Eduardo Salgado $405,000 --
Hernandez Eduardo Salgado $480,000 --
Reyes Modesto E $405,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lopez Real Estate Llc $325,000
Previous Owner Reyes Modesto E $325,000
Closed Hernandez Eduardo Salgado --
Source: Public Records

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $14,697 $449,000 $75,100 $373,900
2023 $12,855 $420,000 $75,100 $344,900
2022 $9,080 $317,000 $75,100 $241,900
2021 $12,061 $317,000 $71,000 $246,000
2020 $11,927 $344,500 $66,300 $278,200
2019 $12,089 $325,000 $66,300 $258,700
2018 $11,075 $325,000 $66,300 $258,700
2017 $10,926 $269,500 $57,400 $212,100
2016 $10,790 $264,000 $57,400 $206,600
2015 $11,181 $264,000 $57,400 $206,600
2014 -- $264,000 $57,400 $206,600
Source: Public Records

Map

Minnesota Hennepin County Minneapolis 55407 Powderhorn Park

1509 E Lake St, Minneapolis, MN

This home is located at 1509 E Lake St, Minneapolis, MN 55407 and is currently estimated at $633,411, approximately $178 per square foot. 1509 E Lake St is a home located in Hennepin County with nearby schools including Andersen United Middle School, Bancroft Elementary School, and Andersen Middle.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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