NOT LISTED FOR SALE

5501 Colfax Ave N Minneapolis, MN 55430

Bellvue Neighborhood

Estimated Value: $298,000 - $327,000

3 Beds
2 Baths
1,375 Sq Ft
$229/Sq Ft Est. Value

Last Sold January 15, 2015

Last sale price $151,000 $110 Per Sq Ft

Est. 109% increase in value since last sale

Current estimated payment $2,084/month

52 Days on Market

Highlights

  • Wood Flooring
  • 2 Car Detached Garage
  • Woodwork
  • Formal Dining Room
  • Porch
  • 4-minute walk to Bellvue Park

About This Home

As of January 2015

Turn key home! Additional space in basement for future expansion. Large 1 1/2 story offers separate dining room with built-ins and large living room. Newer windows, new roof, and new kitchen. Large corner lot, fenced in back yard, big detached garage!

Last Agent to Sell the Property

Terry Buchanan

Real Estate Masters, Ltd Listed on: 11/07/2014

Last Buyer's Agent

Robert Reinke

RE/MAX Advantage Plus

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,844

Year Built

  • Built in 1950

Lot Details

  • 10,019 Sq Ft Lot
  • Landscaped with Trees

Parking

  • 2 Car Detached Garage

Home Design

  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • 1,375 Sq Ft Home
  • Woodwork
  • Formal Dining Room
  • Wood Flooring
  • Basement Fills Entire Space Under The House
  • Washer

Kitchen

  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Bathroom on Main Level

Additional Features

  • Porch
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 0111821310075

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,844

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Type: Single Family
  • Class: SINGLE FAMILY
  • Classification: NonHomestead
  • Amenities: Hardwood Floors, Natural Woodwork, Washer/Dryer Hookups
  • Amenities Exterior: Porch
  • Estimated Number of Acres: 0.23
  • Assessment Balance: 1331
  • Assessments: Unknown
  • Construction: Previously Owned
  • Foundation Size: 1100
  • Parcel Number: 0111821310075
  • Projected Closed Date: 01/15/2015
  • Stories: 1.25 - 1.75 Story
  • Taxes With Assessments: 3175
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Dining Room: Formal Dining Room
  • Appliances: Dishwasher, Microwave, Range/Stove, Refrigerator, Washer
  • Total Bedrooms: 3
  • Bathroom Description: 3/4 Basement, Main Floor Full Bath
  • Total Bathrooms: 2
  • Three Quarter Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bathrooms: 2
  • Room 1: Living Room, 22x14, On Level: Main
  • Room 2: Dining Room, 15x10, On Level: Main
  • Room 4: Kitchen, 11x11, On Level: Main
  • Room 5: Bedroom, 12x12, On Level: Main
  • Room 6: Bedroom, 12x12, On Level: Main
  • Room 7: 21x13, On Level: Upper
  • Room 9: Den/Office, 12x9, On Level: Upper
  • Room 10: Porch, 20x10, On Level: Main
  • Basement Style: Full
  • Finished Above Grade Sq Ft: 1375
  • Total Fin Square Footage: 1375

Exterior Features

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

Garage/Parking

  • Garage Type: Detached
  • Garage Capacity: 2

Utilities

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

Schools

  • School District: Brooklyn Center #286

Lot Info

  • Lot/Land Description: Tree Coverage - Medium

Building Info

  • Year Built: 1950

Tax Info

  • Year: 2014
  • Tax Value: 1844

MLS Schools

  • School District: Brooklyn Center #286

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 7, 2014
Closed on
Jan 14, 2015
Sold by
Kayak Remodeling & Redevelopment Llc
Bought by
Swanson Sarah E
Seller's Agent
Terry Buchanan
Real Estate Masters, Ltd
Buyer's Agent
Robert Reinke
RE/MAX Advantage Plus
List Price
$159,500
Sold Price
$151,000
Premium/Discount to List
-$8,500
-5.33%
Current Estimated Value
$315,430

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$164,430
Avg. Annual Appreciation
7.13%
Original Mortgage
$146,470
Outstanding Balance
$112,602
Interest Rate
3.94%
Mortgage Type
New Conventional
Estimated Equity
$202,828

Purchase Details

Closed on
May 23, 2014
Sold by
Twin Cities Community Land Bank Llc
Bought by
Kayak Remodeling & Redevelopment Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,332
Interest Rate
4.34%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
May 6, 2014
Sold by
Hsbc Bank Usa Na
Bought by
Twin Cities Community Land Bank Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,332
Interest Rate
4.34%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Sep 5, 2013
Sold by
Robinson Tiandra and Miller Anthony
Bought by
Hsbc Bank Usa Na

Purchase Details

Closed on
May 18, 2006
Sold by
Not Provided
Bought by
Miller Anthony and Robinson Tiandra
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
Swanson Sarah E $151,000 Alliance Title Llc
Kayak Remodeling & Redevelopment Llc $101,000 Land Title Inc
Twin Cities Community Land Bank Llc $101,000 Land Title Inc
Hsbc Bank Usa Na $130,553 None Available
Miller Anthony $195,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Swanson Sarah E $146,470
Previous Owner Kayak Remodeling & Redevelopment Llc $137,332
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/15/2015 01/15/15 Sold $151,000 -5.3% $110 / Sq Ft
12/29/2014 12/29/14 Pending -- -- --
11/07/2014 11/07/14 For Sale $159,500 -- $116 / 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
2024 $5,033 $312,300 $67,000 $245,300
2023 $4,815 $303,800 $55,000 $248,800
2022 $3,913 $297,000 $61,000 $236,000
2021 $4,376 $253,000 $51,000 $202,000
2020 $3,927 $247,000 $48,000 $199,000
2019 $3,342 $220,000 $41,000 $179,000
2018 $2,918 $195,000 $50,000 $145,000
2017 $2,452 $159,000 $35,000 $124,000
2016 $2,554 $151,200 $40,000 $111,200
2015 $1,921 $124,600 $35,900 $88,700
2014 -- $115,000 $34,400 $80,600
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2015

    Terry Buchanan

    Real Estate Masters, Ltd

  • R

    Buyer's Agent in 2015

    Robert Reinke

    RE/MAX

See All Agents

Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 4692759

REALTOR® Association of Southern Minnesota

APN: 01-118-21-31-0075

Minnesota Hennepin County Minneapolis 55430 Bellvue

5501 Colfax Ave N, Minneapolis, MN

This home is located at 5501 Colfax Ave N, Minneapolis, MN 55430 since 07 November 2014 and is currently estimated at $315,430, approximately $229 per square foot. This property was built in 1950. 5501 Colfax Ave N is a home located in Hennepin County with nearby schools including Brooklyn Center Elementary STEAM, Bright Water MontessoriSchool, and KIPP North Star Primary.

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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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