NOT LISTED FOR SALE

4075 W 51st St Unit 306 Edina, MN 55424

Arden Park Neighborhood

Estimated Value: $462,000 - $618,000

3 Beds
2 Baths
1,650 Sq Ft
$800/mo HOA Fee

Last Sold May 01, 2023

Last sale price $550,000 $333 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $4,026/month

Highlights

  • 58,893 Sq Ft lot
  • 1 Fireplace
  • Central Air
  • Concord Elementary School Rated A
  • 1-Story Property
  • Baseboard Heating

About This Home

As of May 2023

sold before print

Last Agent to Sell the Property

Todd Shipman

Lakes Sotheby's International Realty Listed on: 05/01/2023

Lakes Sotheby's International Realty

Last Buyer's Agent

Todd Shipman

Lakes Sotheby's International Realty Listed on: 05/01/2023

Lakes Sotheby's International Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,928

Year Built

  • Built in 1970

Lot Details

  • 1.35

HOA Fees

  • $800 Monthly HOA Fees

Parking

  • 1 Car Garage

Interior Spaces

  • 1,650 Sq Ft Home
  • 1-Story Property
  • 1 Fireplace

Bedrooms and Bathrooms

  • 3 Bedrooms

Utilities

  • Central Air
  • Baseboard Heating

Community Details

  • Association fees include air conditioning, maintenance structure, hazard insurance, heating, lawn care
  • Lanterns Association, Phone Number (952) 920-9388
  • Low-Rise Condominium
  • Condo 0002 The Lanterns Edina Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1802824410028

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,928

Year Built

Built in 1970

Lot Details

0

HOA Fees

$800 per month

Parking

1

Listing Details

  • Type: Residential
  • Property Subtype 1: Low Rise
  • Cooling System: Central Air
  • Garage Spaces: 1
  • Accessibility Features: None
  • Fireplaces: 1
  • Water Source: City Water - In Street
  • Fee Frequency: Quarterly
  • Year Built: 1970
  • Above Grade Finished Sq Ft: 1650
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Basement: None
  • Living Area: 1650
  • Fireplace: Yes
  • Basement YN: No

Beds/Baths

  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Three Quarter Bathrooms: 1

Garage/Parking

  • Parking Features: Underground

Utilities

  • Heating: Baseboard
  • Sewer: City Sewer/Connected
  • Fuel: Natural Gas

Condo/Co-op/Association

  • HOA Fee Includes: Air Conditioning, Maintenance Structure, Hazard Insurance, Heating, Lawn Care
  • Phone: 952-920-9388
  • Association Fee: 2400
  • Association: Yes

Association/Amenities

  • HOA Management Co: Lanterns

Schools

  • Junior High Dist: Edina
  • SchoolDistrictNumber: 273
  • SchoolDistrictPhone: 952-848-3900

Lot Info

  • PropertyAttachedYN: Yes
  • Lot Size: 0
  • Lot Size Sq Ft: 58893.12
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Residential-Multi-Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Brick/Stone

Tax Info

  • Tax Year: 2022
  • Assessor Parcel Number: 1802824410028
  • Tax Annual Amount: 4928
  • TaxWithAssessments: 4928.0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 1, 2023
Closed on
Apr 24, 2023
Sold by
Mary K Kroth Trust
Bought by
Ketcham Family Revocable Trust
Seller's Agent
Todd Shipman
Lakes Sotheby's International Realty
Buyer's Agent
Todd Shipman
Lakes Sotheby's International Realty
List Price
$550,000
Sold Price
$550,000
Total Days on Market
0
Views
1
Current Estimated Value
$528,770

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$21,230
Avg. Annual Appreciation
-1.87%
Original Mortgage
$330,000
Outstanding Balance
$322,370
Interest Rate
6.25%
Mortgage Type
Construction
Estimated Equity
$206,400
Source: Public Records

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Range of Values:

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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
Ketcham Family Revocable Trust $550,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ketcham Family Revocable Trust $330,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/01/2023 05/01/23 Sold $550,000 0.0% $333 / Sq Ft
05/01/2023 05/01/23 For Sale $550,000 -- $333 / Sq Ft
Source: NorthstarMLS

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 $5,034 $420,000 $135,000 $285,000
2022 $4,928 $420,000 $135,000 $285,000
2021 $4,729 $385,000 $100,000 $285,000
2020 $4,818 $370,000 $85,000 $285,000
2019 $4,526 $370,000 $85,000 $285,000
2018 $4,526 $350,000 $75,000 $275,000
2017 $4,357 $325,000 $50,000 $275,000
2016 $4,281 $315,000 $40,000 $275,000
2015 $4,121 $315,000 $40,000 $275,000
2014 -- $213,200 $40,000 $173,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6336970

NorthstarMLS

APN: 18-028-24-41-0028