NOT LISTED FOR SALE

505 7th Ave W Shakopee, MN 55379

Estimated Value: $287,838 - $326,000

4 Beds
1.5 Baths
1,684 Sq Ft
$182/Sq Ft Est. Value

Last Sold March 15, 2016

Last sale price $210,000 $125 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $1,942/month

82 Days on Market

Highlights

  • Vaulted Ceiling
  • Wood Flooring
  • No HOA
  • Shakopee Senior High School Rated A-
  • Corner Lot
  • 5-minute walk to Holmes Park

About This Home

As of March 2016

Well maintained 1 1/2 story Shakopee home, perfect for newlyweds or young families! Featuring 4 BRs - 2 on the main lvl & 2 BRs up. Full BA on main lvl & a half BA up. Large, spacious, light filled living room highlights gleaming HDWD floors! KIT & dining area provides a great space w/ tons of storage and a nice prep area. Step outside to enjoy a large corner lot. Two car detached GAR.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,450

Year Built

  • Built in 1951

Lot Details

  • 9,932 Sq Ft Lot
  • Lot Dimensions are 70x142
  • Corner Lot

Parking

  • 2 Car Detached Garage

Home Design

  • Asphalt Shingled Roof
  • Stucco Exterior

Interior Spaces

  • 1,684 Sq Ft Home
  • 1-Story Property
  • Woodwork
  • Vaulted Ceiling
  • Ceiling Fan
  • Wood Flooring
  • Basement Fills Entire Space Under The House

Kitchen

  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Patio

Utilities

  • Forced Air Heating and Cooling System
  • Water Softener is Owned

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 270016680

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,450

Year Built

Built in 1951

Lot Details

0

Parking

2

Listing Details

  • Type: Single Family
  • Property Subtype 1: (SF) Single Family
  • Cooling System: Central
  • Outside Features: Stucco
  • Garage Spaces: 2.00
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Fuel Type: Natural Gas
  • Year Built: 1951
  • Above Grade Finished Sq Ft: 1684.00
  • Above Grade Finished Area Search: 1684.00
  • Assessment Pending Y N: No
  • Carport Y N: No
  • Foundation Area Units: Square Feet
  • Internet Entire Listing Display: Yes
  • List A O R Key Numeric: 10172
  • Listing Organization: Regional MLS of Minnesota
  • Living Area Finished: 1684.00
  • Living Area Finished Units: Square Feet
  • Parcel Numbers: 270016680
  • Rental License: No
  • Stories Type: One and One Half
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Basement: Full
  • Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer, Water Softener - Owned
  • Dining Room Features: Eat In Kitchen, Kitchen/Dining Room
  • Bathroom Type: Main Floor Full Bath, Upper Level 1/2 Bath
  • Fireplace: No
  • Stories: 1

Beds/Baths

  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bathrooms: 2
  • Total Bedrooms: 4

Exterior Features

  • Roof: Age 8 Years or Less, Asphalt Shingles

Garage/Parking

  • Parking Features: Detached Garage, Driveway - Asphalt

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected

Association/Amenities

  • Association Fee Yn: No
  • Property Amenities: Ceiling Fan(s), Hardwood Floors, Kitchen Window, Natural Woodwork, Patio, Vaulted Ceiling(s)

Schools

  • School District: 720 - Shakopee
  • School District Phone: 952-496-5006

Lot Info

  • Zoning: Residential-Single Family
  • Construction: Previously Owned
  • Waterfront YN: No
  • PropertyAttachedYN: No
  • Assessment Pending: No
  • Lot Size: 70x142
  • Homestead: Yes
  • LandLeaseAmountFrequency: No
  • Lot Features: Corner Lot
  • Lot Size Acres: 0.2280
  • Lot Size Area Units: Square Feet

Building Info

  • New Development: No

Tax Info

  • TaxLegalDescription: Subdivision Name City of Shakopee Lot 005 Block 086 subdivision Cd 27001& E 10' of 4
  • Tax Amount: 1450.00
  • Tax Year: 2015
  • Tax With Assessments: 1450.00
  • Assessor Parcel Number: 270016680

Multi Family

  • Above Grade Finished Sq Ft: Square Feet

MLS Schools

  • School District Name: 720 - Shakopee

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 4, 2015
Closed on
Mar 15, 2016
Sold by
Tesch Andrew and Tesch Sarah
Bought by
Clausen Jason and Clausen Kristine
List Price
$219,900
Sold Price
$210,000
Premium/Discount to List
-$9,900
-4.5%
Total Days on Market
82
Current Estimated Value
$306,960

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$96,960
Avg. Annual Appreciation
4.22%
Original Mortgage
$206,196
Interest Rate
3.5%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 30, 2007
Sold by
Borrego Ernest and Borrego Diane L
Bought by
Tesch Andrew and Tesch Sara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$162,400
Interest Rate
6.45%
Mortgage Type
New Conventional

Range of Values:

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Average Value
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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
Clausen Jason $210,000 Edina Realty Title Inc
Tesch Andrew $203,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Clausen Jason $75,600
Closed Clausen Jason $44,664
Open Clausen Jason $199,000
Closed Clausen Jason $206,196
Closed Clausen Jason $6,000
Previous Owner Tesch Andrew $164,500
Previous Owner Tesch Andrew $162,400
Previous Owner Tesch Andrew $40,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/15/2016 03/15/16 Sold $210,000 -2.3% $125 / Sq Ft
01/25/2016 01/25/16 Pending -- -- --
01/11/2016 01/11/16 Price Changed $214,900 -2.3% $128 / Sq Ft
11/04/2015 11/04/15 For Sale $219,900 -- $131 / 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
2025 $2,782 $288,500 $137,200 $151,300
2024 $2,782 $259,800 $137,200 $122,600
2023 $3,000 $249,900 $131,900 $118,000
2022 $2,780 $264,400 $131,900 $132,500
2021 $2,412 $213,200 $108,200 $105,000
2020 $2,598 $202,000 $96,900 $105,100
2019 $2,612 $193,800 $89,600 $104,200
2018 $2,492 $0 $0 $0
2016 $2,304 $0 $0 $0
2014 -- $0 $0 $0
Source: Public Records

Map

Source: NorthstarMLS

MLS Number: NST4659486

NorthstarMLS

APN: 27-001-668-0