NOT LISTED FOR SALE

5480 5480 Covington Rd Shorewood, MN 55331

Estimated Value: $1,317,000 - $1,650,000

4 Beds
5 Baths
2,370 Sq Ft
$617/Sq Ft Est. Value

About This Home

This home is located at 5480 5480 Covington Rd, Shorewood, MN 55331 and is currently estimated at $1,463,212, approximately $617 per square foot. 5480 5480 Covington Rd is a home located in Hennepin County with nearby schools including Excelsior Elementary School, Minnetonka West Middle School, and Minnetonka Senior High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 29, 2020
Sold by
Maass Todd M and Schermer Maass Kelly
Bought by
Pugh Justin and Huang Jennifer
Current Estimated Value
$1,463,212

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$510,400
Outstanding Balance
$457,602
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$1,101,718

Purchase Details

Closed on
Apr 28, 2017
Sold by
Schermer Maass Kelly and Maass Todd M
Bought by
Maass Todd M and Schermer Maass Kelly

Purchase Details

Closed on
Jan 18, 2011
Sold by
Tonnemaker Jodine M
Bought by
Maass Todd M and Schermer Maass Kelly C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
5.09%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jun 1, 2001
Sold by
Sellke Dennis L
Bought by
Tonnemaker Frank C and Tonnemaker Jodine M
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

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.

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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
Pugh Justin $1,038,860 None Available
Maass Todd M -- None Available
Maass Todd M $795,000 --
Tonnemaker Frank C $875,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pugh Justin $510,400
Previous Owner Maass Todd M $150,000
Previous Owner Schermer Maass Kelly $417,000
Previous Owner Maass Todd $100,000
Previous Owner Schermer Maass Kelly $365,000
Previous Owner Maass Todd M $271,000
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
2023 $18,143 $1,446,300 $580,900 $865,400
2022 $12,646 $1,237,000 $428,000 $809,000
2021 $12,099 $915,000 $278,000 $637,000
2020 $12,108 $872,000 $261,000 $611,000
2019 $13,025 $835,000 $226,000 $609,000
2018 $12,216 $887,000 $277,000 $610,000
2017 $10,839 $742,000 $221,000 $521,000
2016 $11,338 $760,000 $281,000 $479,000
2015 $11,209 $749,000 $270,000 $479,000
2014 -- $756,000 $300,000 $456,000
Source: Public Records

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