NOT LISTED FOR SALE

5037 Colfax Ave S Minneapolis, MN 55419

Lynnhurst Neighborhood

Estimated Value: $955,000 - $1,126,443

4 Beds
3 Baths
4,243 Sq Ft
$246/Sq Ft Est. Value

About This Home

This home is located at 5037 Colfax Ave S, Minneapolis, MN 55419 and is currently estimated at $1,043,361, approximately $245 per square foot. 5037 Colfax Ave S is a home located in Hennepin County with nearby schools including Burroughs Elementary School, Justice Page Middle School, and Washburn High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 26, 2019
Sold by
Strom Sheldon D and Strom Paulette J
Bought by
Hess Lena M and Hess Michael T
Current Estimated Value
$1,043,361

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$83,500
Interest Rate
3.6%
Mortgage Type
New Conventional
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

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

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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
Hess Lena M $835,000 Edgewater Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Hess Lena M $83,500
Open Hess Lena M $626,250
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 $16,282 $988,000 $332,000 $656,000
2023 $13,905 $963,000 $307,000 $656,000
2022 $12,865 $917,000 $282,000 $635,000
2021 $12,412 $849,500 $252,000 $597,500
2020 $13,433 $849,500 $262,400 $587,100
2019 $14,133 $849,500 $262,400 $587,100
2018 $12,102 $849,500 $262,400 $587,100
2017 $12,383 $732,500 $238,500 $494,000
2016 $12,767 $732,500 $238,500 $494,000
2015 $12,143 $671,500 $238,500 $433,000
2014 -- $601,000 $221,900 $379,100
Source: Public Records

Map

Minnesota Hennepin County Minneapolis 55419 Lynnhurst

5037 Colfax Ave S, Minneapolis, MN

This home is located at 5037 Colfax Ave S, Minneapolis, MN 55419 and is currently estimated at $1,043,361, approximately $245 per square foot. 5037 Colfax 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.

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