NOT LISTED FOR SALE

5021 Penn Ave S Minneapolis, MN 55419

Lynnhurst Neighborhood

Estimated Value: $409,761 - $491,000

1 Bed
1 Bath
1,232 Sq Ft
$365/Sq Ft Est. Value

Last Sold November 02, 2012

Last sale price $214,000 $174 Per Sq Ft

Est. 110% increase in value since last sale

Current estimated payment $3,042/month

91 Days on Market

Highlights

  • 1 Car Detached Garage
  • Patio
  • Forced Air Heating System
  • Burroughs Elementary School Rated A-

About This Home

As of November 2012

Rarely available, cute, double bungalow in tremendous location 2 blocks to Lk Harriet. Well cared for & maintained. Great opportunity for affordable entry into Lynnhurst n'hood. Each side is 1BR/1BA w/hdwd flrs & eat-in kit. Unfinished LL. Sep utilities.

Last Agent to Sell the Property

Brigg Backer

Coldwell Banker Burnet Listed on: 07/11/2012

Last Buyer's Agent

Lawrence Boatman

RE/MAX Results

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,087

Year Built

  • Built in 1949

Lot Details

  • 5,227

Parking

  • 1 Car Detached Garage

Home Design

  • Duplex
  • Asphalt Shingled Roof
  • Concrete Fiber Board Siding

Interior Spaces

  • 1,232 Sq Ft Home
  • Basement Fills Entire Space Under The House
  • Range

Laundry

  • Dryer
  • Washer

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System

Additional Features

  • Patio
  • Lot Dimensions are 40.00 x 128.00

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for cable TV, electric, fuel
  • The owner pays for maint/repair, trash, water/sewer
  • Assessor Parcel Number 1602824320025

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,087

Year Built

Built in 1949

Lot Details

0

Parking

1

Listing Details

  • Type: Multi-Family
  • Class: MULTI-FAMILY
  • Classification: NonHomestead
  • Style: Duplex - Side by Side
  • Construction: Previously Owned
  • Parcel Number: 1602824320025
  • Projected Closed Date: 11/02/2012
  • Taxes With Assessments: 4086.88
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dryer, Range/Stove, Refrigerator, Washer
  • Basement Style: Full
  • Finished Above Grade Sq Ft: 1232
  • Total Fin Square Footage: 1232

Exterior Features

  • Frontage Road: City
  • Exterior: Fiber Board
  • Roof: Asphalt Shingles

Garage/Parking

  • Garage Type: Detached
  • Number Garage Spaces: 1

Utilities

  • Heat: Forced Air

Condo/Co-op/Association

  • Shared: Patio

Schools

  • School District: Minneapolis #1

Lot Info

  • Estimated Lot Dimensions: 40.00 X 128.00

Rental Info

  • Owner Expense: Maint/Repair, Trash, Water/Sewer
  • Tenant Expense: Cable TV, Electric, Fuel

Building Info

  • Year Built: 1949

Multi Family

  • Total Units Available: 2

Tax Info

  • Year: 2012
  • Tax Value: 4087

MLS Schools

  • School District: Minneapolis #1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 10, 2024
Sold by
Schults Kenneth and Schults Carmella
Bought by
Carmella A Schultes Revocable Trust and Schultes
Current Estimated Value
$449,190

Purchase Details

Listed on
Jul 11, 2012
Closed on
Nov 2, 2012
Sold by
Maas Michael D
Bought by
Walker Mary and Wlaker Jason
Seller's Agent
Brigg Backer
Coldwell Banker Burnet
Buyer's Agent
Lawrence Boatman
RE/MAX Results
List Price
$225,000
Sold Price
$214,000
Premium/Discount to List
-$11,000
-4.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.97%
Original Mortgage
$157,500
Interest Rate
3.4%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Carmella A Schultes Revocable Trust $485 None Listed On Document
Walker Mary $214,000 Stewart Title Of Mn
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Walker Mary $157,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/02/2012 11/02/12 Sold $214,000 -4.9% $174 / Sq Ft
10/10/2012 10/10/12 Pending -- -- --
07/11/2012 07/11/12 For Sale $225,000 -- $183 / Sq Ft
Source: REALTOR® Association of Southern Minnesota

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 $7,932 $421,000 $224,000 $197,000
2023 $7,359 $443,000 $234,000 $209,000
2022 $5,991 $385,000 $229,000 $156,000
2021 $5,068 $335,000 $162,000 $173,000
2020 $5,125 $291,000 $171,900 $119,100
2019 $5,261 $272,000 $148,300 $123,700
2018 $4,787 $272,000 $148,300 $123,700
2017 $4,478 $221,000 $134,800 $86,200
2016 $4,408 $210,500 $134,800 $75,700
2015 $4,611 $210,500 $134,800 $75,700
2014 -- $192,000 $122,600 $69,400
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2012

    Brigg Backer

    Coldwell Banker Burnet

  • L

    Buyer's Agent in 2012

    Lawrence Boatman

    RE/MAX

See All Agents

Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 4344355

REALTOR® Association of Southern Minnesota

APN: 16-028-24-32-0025

Minnesota Hennepin County Minneapolis 55410 Lynnhurst

5021 Penn Ave S, Minneapolis, MN

This home is located at 5021 Penn Ave S, Minneapolis, MN 55419 since 11 July 2012 and is currently estimated at $449,190, approximately $364 per square foot. This property was built in 1949. 5021 Penn Ave S is a home located in Hennepin County with nearby schools including Burroughs 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.

REALTOR® Association of Southern Minnesota IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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