NOT LISTED FOR SALE

5224 W 56th St Edina, MN 55436

Melody Lake Neighborhood

Estimated Value: $1,469,251 - $1,940,000

5 Beds
3.5 Baths
4,200 Sq Ft
$385/Sq Ft Est. Value

Last Sold May 16, 2014

Last sale price $970,000 $231 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $10,142/month

21 Days on Market

Highlights

  • 0.75 Acre Lot
  • Property is near public transit
  • Formal Dining Room
  • Countryside Elementary School Rated A
  • Breakfast Area or Nook
  • 3 Car Attached Garage

About This Home

As of May 2014

This is a rare opportunity to put your finishing touches in this 5 BR, 4 BA, 2 story w/9 ft. ceilings in main level & basement. 3 car gar.Enjoy distinct features throughout including a chef's KT with high end Viking appliances.Overszd park like .75' Lot!

Last Agent to Sell the Property

Amy Olson

Coldwell Banker Burnet Listed on: 02/28/2014

Last Buyer's Agent

Amy Olson

Coldwell Banker Burnet Listed on: 02/28/2014

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $16,661

Year Built

  • 2014

Lot Details

  • 0.75 Acre Lot
  • Lot Dimensions are 110x299
  • Many Trees

Parking

  • 3 Car Attached Garage

Home Design

  • Home Under Construction
  • Poured Concrete
  • Asphalt Shingled Roof
  • Cement Board or Planked

Interior Spaces

  • 2-Story Property
  • Gas Fireplace
  • Formal Dining Room

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Built-In Oven
  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bathroom is a Full Bathroom
  • Bathroom on Main Level

Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump
  • Drain
  • Basement Window Egress

Additional Features

  • Property is near public transit
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 3311721220049

Home Details

Home Type

Single Family

Est. Annual Taxes

$16,661

Year Built

2014

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Classification: NonHomestead
  • Estimated Number of Acres: 0.75
  • Construction: Under Construction-Spec Home
  • Foundation Size: 1240
  • Parcel Number: 3311721220049
  • Projected Closed Date: 05/15/2014
  • Stories: 2 Story
  • Street Designation: Street
  • Taxes With Assessments: 4178
  • Special Features: NewHome
  • Property Sub Type: Detached
  • Year Built: 2014

Interior Features

  • Dining Room: Breakfast Nook, Eat-In Kitchen, Formal Dining Room
  • Fireplace: Yes
  • Fireplace Type: Gas
  • Appliances: Dishwasher, Microwave, Range/Stove, Refrigerator, Wall Oven
  • Total Bedrooms: 5
  • Bathroom Description: Full Master, Main Floor 1/2 Bath, Private Master
  • Total Bathrooms: 4
  • Half Bathrooms: 1
  • Full Bathrooms: 3
  • Total Bathrooms: 4
  • Room 1: Living Room, 19x20, On Level: Main
  • Room 2: Dining Room, 13x15, On Level: Main
  • Room 3: Family Room, 45x20, On Level: Lower
  • Room 4: Kitchen, 23x13, On Level: Main
  • Room 5: Bedroom, 17x16, On Level: Upper
  • Room 6: Bedroom, 15x13, On Level: Upper
  • Room 7: 15x15, On Level: Upper
  • Room 8: Bedroom, 15x14, On Level: Upper
  • Room 9: Bedroom, 11x10, On Level: Lower
  • Room 10: Den/Office, 10x18, On Level: Upper
  • Room 11: Mud Room, 10x10, On Level: Main
  • Room 12: Pantry, 10x7, On Level: Main
  • Basement Features: Drainage System, Egress Windows, Sump Pump
  • Basement Material: Poured Concrete
  • Basement Style: Full
  • Finished Above Grade Sq Ft: 3190
  • Below Grade Finished Sq Ft: 1010
  • Total Fin Square Footage: 4200

Exterior Features

  • Frontage Road: City, Paved
  • Exterior: Cement Board
  • Roof: Asphalt Shingles

Garage/Parking

  • Garage Type: Attached
  • Garage Capacity: 3

Utilities

  • Cooling: Central
  • Fuel: Natural Gas
  • Heat: Forced Air
  • Sewer: City
  • Water: City

Schools

  • School District: Edina #273

Lot Info

  • Estimated Lot Dimensions: 110x299
  • Lot/Land Description: Pub. Trans (w/in 6 blks), Tree Coverage - Heavy

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 3, 2014
Sold by
Lehmann Carl David Crosby and Lehmann Katie Crosby
Bought by
Revocable Trust Of Katie Crosby Lehmann
Current Estimated Value
$1,619,063

Purchase Details

Listed on
Feb 28, 2014
Closed on
May 16, 2014
Sold by
Woodview Builders & Remodelers Llc
Bought by
Lehmann Carl David Crosby and Lehmann Katie Crosby
Seller's Agent
Amy Olson
Coldwell Banker Burnet
Buyer's Agent
Amy Olson
Coldwell Banker Burnet
List Price
$995,000
Sold Price
$970,000
Premium/Discount to List
-$25,000
-2.51%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.06%
Original Mortgage
$670,000
Outstanding Balance
$492,052
Interest Rate
3%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$1,030,829

Purchase Details

Listed on
Jul 24, 2013
Closed on
Sep 13, 2013
Sold by
Bodeen Michael E and Bodeen Carla J
Bought by
Woodview Builders & Remodelers Llc
Seller's Agent
Patricia Tucker
Edina Realty, Inc.
Buyer's Agent
Amy Olson
Coldwell Banker Burnet
List Price
$374,900
Sold Price
$350,000
Premium/Discount to List
-$24,900
-6.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
357.88%
Original Mortgage
$190,000
Interest Rate
4.38%
Mortgage Type
Purchase Money Mortgage
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.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

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.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

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.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Revocable Trust Of Katie Crosby Lehmann -- None Available
Lehmann Carl David Crosby $970,000 Burnet Title
Woodview Builders & Remodelers Llc $350,000 Burnet Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lehmann Carl David Crosby $670,000
Closed Lehmann Carl David Crosby $106,000
Previous Owner Woodview Builders & Remodelers Llc $190,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/16/2014 05/16/14 Sold $970,000 -2.5% $231 / Sq Ft
03/21/2014 03/21/14 Pending -- -- --
02/28/2014 02/28/14 For Sale $995,000 +184.3% $237 / Sq Ft
09/13/2013 09/13/13 Sold $350,000 -6.6% $155 / Sq Ft
08/04/2013 08/04/13 Pending -- -- --
07/24/2013 07/24/13 For Sale $374,900 -- $166 / 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 $16,661 $1,237,300 $409,200 $828,100
2022 $14,871 $1,146,500 $372,000 $774,500
2021 $14,755 $1,042,800 $310,000 $732,800
2020 $13,899 $1,032,800 $298,700 $734,100
2019 $13,268 $961,800 $293,700 $668,100
2018 $13,425 $923,200 $270,200 $653,000
2017 $13,285 $886,500 $235,000 $651,500
2016 $13,592 $892,400 $235,000 $657,400
2015 $3,677 $284,200 $240,200 $44,000
2014 -- $309,200 $223,500 $85,700
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2014

    Amy Olson

    Coldwell Banker Burnet

  • P

    Seller's Agent in 2013

    Patricia Tucker

    Edina Realty, Inc.

See All Agents

Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 4583796

REALTOR® Association of Southern Minnesota

APN: 33-117-21-22-0049

Minnesota Hennepin County Edina 55436 Melody Lake

5224 W 56th St, Edina, MN

This home is located at 5224 W 56th St, Edina, MN 55436 since 28 February 2014 and is currently estimated at $1,619,063, approximately $385 per square foot. This property was built in 2014. 5224 W 56th St is a home located in Hennepin County with nearby schools including Countryside Elementary School, Valley View Middle School, and Edina 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.

Nearby Homes