Estimated Value: $1,395,000 - $2,231,000
4
Beds
6
Baths
3,070
Sq Ft
$527/Sq Ft
Est. Value
About This Home
This home is located at 2990 Somerset Ln, Orono, MN 55356 and is currently estimated at $1,618,360, approximately $527 per square foot. 2990 Somerset Ln is a home located in Hennepin County with nearby schools including Schumann Elementary School, Orono Intermediate Elementary School, and Orono Middle School.
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jul 27, 2023
Sold by
Aarsvold Johan and Hoffman Ann
Bought by
Olson Richard and Olson Alana
Current Estimated Value
Purchase Details
Closed on
Jul 25, 2023
Sold by
Aarsvold Johan A and Hoffman Ann Marie
Bought by
Olson Richard and Olson Alana
Purchase Details
Closed on
Nov 14, 2016
Sold by
Bundy Michael E and Bundy Barbara K
Bought by
Hoffman Ann Marie and Aarsvold Johan A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
3.47%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 29, 2006
Sold by
Castiglione Frank J
Bought by
Bundy Barbara K and Bundy Michael E
Purchase Details
Closed on
Dec 17, 2001
Sold by
Kramer Georgayn
Bought by
Kramer Georgayn
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Olson Richard | $1,250,000 | -- | |
| Olson Richard | $1,213,235 | Eagle Creek Title | |
| Hoffman Ann Marie | $1,067,500 | Eagle Creek Title | |
| Bundy Barbara K | $1,405,000 | -- | |
| Kramer Georgayn | $875,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Hoffman Ann Marie | $417,000 | |
| Closed | Kramer Georgayn | -- |
Source: Public Records
Tax History Compared to Growth
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 | $14,259 | $1,285,700 | $410,000 | $875,700 |
| 2023 | $15,940 | $1,478,600 | $446,300 | $1,032,300 |
| 2022 | $13,949 | $1,315,000 | $336,000 | $979,000 |
| 2021 | $13,641 | $1,158,000 | $341,000 | $817,000 |
| 2020 | $14,154 | $1,137,000 | $331,000 | $806,000 |
| 2019 | $13,819 | $1,129,000 | $331,000 | $798,000 |
| 2018 | $14,846 | $1,088,000 | $341,000 | $747,000 |
| 2017 | $15,804 | $1,196,000 | $336,000 | $860,000 |
| 2016 | $14,711 | $1,119,000 | $378,000 | $741,000 |
| 2015 | $14,696 | $1,119,000 | $378,000 | $741,000 |
| 2014 | -- | $1,014,000 | $335,000 | $679,000 |
Source: Public Records
Map
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