NOT LISTED FOR SALE

5042 Colfax Ave S Minneapolis, MN 55419

Lynnhurst Neighborhood

Estimated Value: $1,131,000 - $1,334,000

6 Beds
3.5 Baths
4,001 Sq Ft
$312/Sq Ft Est. Value

Last Sold October 21, 2013

Last sale price $900,000 $225 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $8,366/month

14 Days on Market

Highlights

  • Property is near public transit
  • Wood Flooring
  • 2 Car Detached Garage
  • Burroughs Elementary School Rated A-
  • Formal Dining Room
  • Woodwork

About This Home

As of October 2013

Don't miss this SW Mpls beauty, on a block filled with other stately homes just steps from the Creek. Classic w/ updates throughout, this home has everything you have been looking for & is in perfect condition. Priced to sell quickly, move in & enjoy!

Last Listed By

Anne Shaeffer

Lakes Sotheby's International Listed on: 09/09/2013

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $14,314

Year Built

  • Built in 1919

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 60x129
  • Sprinkler System
  • Landscaped with Trees

Parking

  • 2 Car Detached Garage

Home Design

  • Stucco Exterior

Interior Spaces

  • 2-Story Property
  • Woodwork
  • Wood Burning Fireplace
  • Formal Dining Room
  • Wood Flooring
  • Finished Basement

Kitchen

  • Built-In Oven
  • Cooktop
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Primary Bathroom is a Full Bathroom
  • Bathroom on Main Level
  • Bathtub With Separate Shower Stall

Laundry

  • Dryer
  • Washer

Additional Features

  • Property is near public transit
  • Central Air

Listing and Financial Details

  • Assessor Parcel Number 1602824410016

Home Details

Home Type

Single Family

Est. Annual Taxes

$14,314

Year Built

Built in 1919

Lot Details

0

Listing Details

  • Type: Single Family
  • Class: SINGLE FAMILY
  • Classification: Homestead
  • Amenities: Hardwood Floors, Natural Woodwork, Washer/Dryer Hookups
  • Amenities Exterior: Inground Sprinkler System
  • Estimated Number of Acres: 0.17
  • Assessment Balance: 111
  • Construction: Previously Owned
  • Foundation Size: 1716
  • Parcel Number: 1602824410016
  • Projected Closed Date: 10/21/2013
  • Stories: 2 Story
  • Taxes With Assessments: 14425
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Dining Room: Formal Dining Room
  • Fireplace: Yes
  • Fireplace Type: Wood Burning
  • Appliances: Cooktop, Dishwasher, Dryer, Microwave, Refrigerator, Wall Oven, Washer
  • Total Bedrooms: 6
  • Bathroom Description: 3/4 Basement, Full Master, Main Floor 1/2 Bath, Private Master, Separate Tub & Shower
  • Total Bathrooms: 4
  • Half Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Full Bathrooms: 2
  • Total Bathrooms: 4
  • Room 1: Living Room, 24x13, On Level: Main
  • Room 2: Dining Room, 15x13, On Level: Main
  • Room 3: Family Room, 16x10, On Level: Main
  • Room 4: Kitchen, 17x14, On Level: Main
  • Room 5: Bedroom, 17x12, On Level: Upper
  • Room 6: Bedroom, 15x11, On Level: Upper
  • Room 7: 14x11, On Level: Upper
  • Room 8: Bedroom, 13x10, On Level: Upper
  • Room 9: Bedroom, 13x13, On Level: Upper
  • Room 10: Bedroom, 12x8, On Level: Third Floor
  • Room 11: Rec Room, 24x21, On Level: Lower
  • Room 12: Laundry Room, 12x8, On Level: Lower
  • Room 13: Dining Room, 12x11, On Level: Main
  • Room 14: Den/Office, 16x10, On Level: Main
  • Basement Features: Finished
  • Finished Above Grade Sq Ft: 3346
  • Below Grade Finished Sq Ft: 655
  • Total Fin Square Footage: 4001

Exterior Features

  • Frontage Road: City
  • Exterior: Stucco

Garage/Parking

  • Garage Type: Detached
  • Garage Capacity: 2

Utilities

  • Cooling: Central
  • Fuel: Natural Gas
  • Sewer: City
  • Water: City

Schools

  • School District: Minneapolis #1

Lot Info

  • Estimated Lot Dimensions: 60x129
  • Lot/Land Description: Pub. Trans (w/in 6 blks), Tree Coverage - Medium

Building Info

  • Year Built: 1919

Tax Info

  • Year: 2013
  • Tax Value: 14314

MLS Schools

  • School District: Minneapolis #1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 21, 2013
Sold by
Carter Peter W and Armstrong Dairdre Ann
Bought by
Parece Neal and Parece Rosemary
Total Days on Market
14
Current Estimated Value
$1,249,410

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
3.62%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
May 1, 1999
Sold by
Hacking Earl L and Hacking Sarah E
Bought by
Carter Peter W and Carter Deirdre A

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
Parece Neal $900,000 None Available
Carter Peter W $325,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Parece Neal $299,100
Closed Parece Neal $325,000
Previous Owner Parece Neal $600,000
Previous Owner Carter Peter W $417,000
Previous Owner Carter Peter W $199,819
Previous Owner Carter Peter W $90,000
Closed Carter Peter W --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/21/2013 10/21/13 Sold $900,000 +0.1% $225 / Sq Ft
09/23/2013 09/23/13 Pending -- -- --
09/09/2013 09/09/13 For Sale $899,000 -- $225 / 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
2023 $16,874 $1,149,000 $307,000 $842,000
2022 $15,081 $1,094,000 $282,000 $812,000
2021 $14,546 $980,000 $252,000 $728,000
2020 $15,741 $980,000 $262,400 $717,600
2019 $16,502 $980,000 $262,400 $717,600
2018 $14,716 $980,000 $262,400 $717,600
2017 $15,372 $892,000 $238,500 $653,500
2016 $15,432 $870,500 $238,500 $632,000
2015 $15,169 $821,000 $238,500 $582,500
2014 -- $736,000 $218,600 $517,400
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2013

    Anne Shaeffer

    Lakes Sotheby's International

  • Z

    Buyer's Agent in 2013

    Zoe Liston

    Bjorklund Realty, Inc.

See All Agents

Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 4531943

REALTOR® Association of Southern Minnesota

APN: 16-028-24-41-0016

Minnesota Hennepin County Minneapolis 55419 Lynnhurst

5042 Colfax Ave S, Minneapolis, MN

Homes for Sale in Minneapolis, MN

This home is located at 5042 Colfax Ave S, Minneapolis, MN 55419 since 09 September 2013 and is currently estimated at $1,249,410, approximately $312 per square foot. This property was built in 1919. 5042 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.

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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