NOT LISTED FOR SALE

5437 Colfax Ave S Minneapolis, MN 55419

Kenny Neighborhood

Estimated Value: $410,000 - $1,072,604

2 Beds
1 Bath
1,200 Sq Ft
$698/Sq Ft Est. Value

Last Sold March 08, 2013

Last sale price $150,000 $125 Per Sq Ft

Est. 458% increase in value since last sale

Current estimated payment $5,715/month

38 Days on Market

Highlights

  • Formal Dining Room
  • 2 Car Detached Garage
  • Bathroom on Main Level
  • Kenny Community School Rated A-
  • Porch
  • 1-Story Property

About This Home

As of March 2013

Charming bungalow in prime SW Minneapolis location. Fresh paint & well maintained home features two bedrooms, formal dining room, spacious living room & 3 season porch. Close to the creek, shopping & bus line. Seller to provide a home warranty.

Last Agent to Sell the Property

Stephen Stewart

Edina Realty, Inc. Listed on: 11/30/2012

Last Buyer's Agent

Rose Lorsung

Recreate Real Estate LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,809

Year Built

  • 1921

Parking

  • 2 Car Detached Garage

Home Design

  • Asphalt Shingled Roof
  • Wood Siding

Interior Spaces

  • 1-Story Property
  • Formal Dining Room
  • Basement Fills Entire Space Under The House

Kitchen

  • Range
  • Microwave

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Bathroom on Main Level
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Additional Features

  • Porch
  • Lot Dimensions are 42x128
  • Gravity Heating System

Listing and Financial Details

  • Assessor Parcel Number 2102824110076

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,809

Year Built

1921

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Classification: Homestead
  • Amenities Exterior: Porch
  • Assessments: Unknown
  • Construction: Previously Owned
  • Foundation Size: 944
  • Parcel Number: 2102824110076
  • Projected Closed Date: 03/10/2013
  • Stories: 1 Story
  • Taxes With Assessments: 2966
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1921

Interior Features

  • Dining Room: Formal Dining Room
  • Appliances: Dryer, Microwave, Range/Stove, Refrigerator, Washer
  • Total Bedrooms: 2
  • Bathroom Description: Main Floor Full Bath
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Room 1: Living Room, 23x11, On Level: Main
  • Room 2: Dining Room, 11x9, On Level: Main
  • Room 3: Family Room, 16x8, On Level: Lower
  • Room 4: Kitchen, 10x9, On Level: Main
  • Room 5: Bedroom, 11x11, On Level: Main
  • Room 6: Bedroom, 14x8, On Level: Main
  • Room 9: 3 Season Porch, 13x9, On Level: Main
  • Basement Style: Full
  • Finished Above Grade Sq Ft: 944
  • Below Grade Finished Sq Ft: 256
  • Total Fin Square Footage: 1200

Exterior Features

  • Frontage Road: City
  • Exterior: Wood
  • Roof: Asphalt Shingles

Garage/Parking

  • Garage Type: Detached
  • Garage Capacity: 2

Utilities

  • Fuel: Natural Gas
  • Heat: Gravity

Schools

  • School District: Minneapolis #1

Lot Info

  • Estimated Lot Dimensions: 42x128

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 8, 2013
Sold by
Contract Design & Co Incorporated
Bought by
Olson Chad M and Olson Megan E
Current Estimated Value
$837,651

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$520,000
Interest Rate
4.25%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 30, 2012
Closed on
Mar 8, 2013
Sold by
Chell Daniel Leroy
Bought by
Contract Design & Co Incorporated
Seller's Agent
Stephen Stewart
Edina Realty, Inc.
Buyer's Agent
Rose Lorsung
Recreate Real Estate LLC
List Price
$160,000
Sold Price
$150,000
Premium/Discount to List
-$10,000
-6.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.29%
Original Mortgage
$312,200
Interest Rate
3.5%
Mortgage Type
Future Advance Clause Open End Mortgage
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
Olson Chad M $650,000 Nations Title Agency Of Mn
Contract Design & Co Incorporated -- Nations Title Agency Of Mn
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Olson Chad M $452,000
Closed Olson Megan E $464,200
Closed Olson Chad M $520,000
Previous Owner Contract Design & Co Incorporated $312,200
Previous Owner Contract Design & Co Incorporated $145,800
Previous Owner Chell Daniel L $41,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/08/2013 03/08/13 Sold $150,000 -6.3% $125 / Sq Ft
01/07/2013 01/07/13 Pending -- -- --
11/30/2012 11/30/12 For Sale $160,000 -- $133 / 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 $13,809 $957,000 $189,000 $768,000
2022 $11,073 $870,000 $162,000 $708,000
2021 $10,105 $744,000 $123,000 $621,000
2020 $10,939 $708,500 $106,700 $601,800
2019 $11,254 $708,500 $87,700 $620,800
2018 $10,264 $708,500 $87,700 $620,800
2017 $10,507 $650,000 $79,700 $570,300
2016 $10,838 $650,000 $79,700 $570,300
2015 $10,353 $600,000 $79,700 $520,300
2014 -- $183,000 $74,100 $108,900
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2013

    Stephen Stewart

    Edina Realty, Inc.

  • R

    Buyer's Agent in 2013

    Rose Lorsung

    Recreate Real Estate LLC

See All Agents

Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 4421240

REALTOR® Association of Southern Minnesota

APN: 21-028-24-11-0076

Minnesota Hennepin County Minneapolis 55419 Kenny

5437 Colfax Ave S, Minneapolis, MN

This home is located at 5437 Colfax Ave S, Minneapolis, MN 55419 since 30 November 2012 and is currently estimated at $837,651, approximately $698 per square foot. This property was built in 1921. 5437 Colfax Ave S is a home located in Hennepin County with nearby schools including Kenny Community School, Anthony Middle School, and Southwest Senior 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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