NOT LISTED FOR SALE

3040 4th Ave S Minneapolis, MN 55408

Central Neighborhood

Estimated Value: $1,672,053

-- Bed
-- Bath
14,125 Sq Ft
$118/Sq Ft Est. Value

About This Home

This home is located at 3040 4th Ave S, Minneapolis, MN 55408 and is currently estimated at $1,672,053, approximately $118 per square foot. 3040 4th Ave S is a home located in Hennepin County with nearby schools including Lyndale Elementary School, Justice Page Middle School, and Washburn High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 5, 2020
Sold by
Equitron Holdings Llc
Bought by
Faneta Development Llc
Current Estimated Value
$1,672,053

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Outstanding Balance
$529,920
Interest Rate
3.74%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$1,092,356

Purchase Details

Closed on
Jan 2, 2020
Sold by
Equition Holdings Llc
Bought by
Faneta Development Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Outstanding Balance
$529,920
Interest Rate
3.74%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$1,092,356

Purchase Details

Closed on
Sep 23, 2019
Sold by
County Of Hennepin
Bought by
Equitron Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$825,000
Interest Rate
3.7%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 17, 2019
Sold by
Green Awning Enterprises Llc
Bought by
Equitron Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
3.82%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 11, 2014
Sold by
State Of Minnesota
Bought by
Green Awning Enterprises Llc

Purchase Details

Closed on
Oct 19, 1999
Sold by
Sumo Llc
Bought by
Backdahl Dennis M and Backdahl Barbara M

Purchase Details

Closed on
May 20, 1998
Sold by
Baer Helen G
Bought by
Urban Ventures Leadership Foundation
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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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
Faneta Development Llc $1,300,000 Bankers Title
Faneta Development Llc $1,300,000 None Available
Equitron Holdings Llc $657,321 None Available
Equitron Holdings Llc $100,000 None Available
Green Awning Enterprises Llc $97,152 None Available
Backdahl Dennis M $588,282 --
Urban Ventures Leadership Foundation $150,000 --
Sumo Llc $345,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Faneta Development Llc $1,000,000
Closed Faneta Development Llc $1,100,000
Previous Owner Equitron Holdings Llc $825,000
Previous Owner Equitron Holdings Llc $250,000
Previous Owner Green Awning Enterprises Llc $600,000
Closed Urban Ventures Leadership Foundation --
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
2023 $49,756 $1,660,000 $301,500 $1,358,500
2022 $38,520 $1,380,000 $301,500 $1,078,500
2021 $28,470 $1,170,000 $301,500 $868,500
2020 $30,593 $893,500 $301,500 $592,000
2019 $28,821 $835,000 $301,500 $533,500
2018 $26,679 $759,000 $301,500 $457,500
2017 $26,863 $657,000 $301,500 $355,500
2016 $24,392 $620,000 $301,500 $318,500
2015 $24,773 $620,000 $301,500 $318,500
2014 -- $640,000 $321,600 $318,400
Source: Public Records

Map

Minnesota Hennepin County Minneapolis 55408 Central

3040 4th Ave S, Minneapolis, MN

This home is located at 3040 4th Ave S, Minneapolis, MN 55408 and is currently estimated at $1,672,053, approximately $118 per square foot. 3040 4th Ave S is a home located in Hennepin County with nearby schools including Lyndale Elementary School, Justice Page Middle School, and Washburn High School.

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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