NOT LISTED FOR SALE

5505 40th Ave S Minneapolis, MN 55417

Morris Park Neighborhood

Estimated Value: $358,000 - $386,142

3 Beds
2 Baths
1,340 Sq Ft
$279/Sq Ft Est. Value

Last Sold March 31, 2014

Last sale price $215,000 $160 Per Sq Ft

Est. 74% increase in value since last sale

Current estimated payment $2,508/month

134 Days on Market

Highlights

  • 2 Car Detached Garage
  • Forced Air Heating and Cooling System
  • 4-minute walk to Morris Park
  • Bathroom on Main Level
  • Dining Room

About This Home

As of March 2014

Park View! Beautifully updated home! GRANITE, STAINLESS, HDWD FLRS. Spacious home in Great Neighborhood. Just like new - new kitchen, updated baths, flrs, interior paint & more. Free 1 Year Home Warranty, New FA/CA, New garage and New Windows!

Last Agent to Sell the Property

Jason Stockwell

RE/MAX Results Listed on: 11/05/2013

Last Buyer's Agent

John Danyluk

Coldwell Banker Burnet

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,013

Year Built

  • 1925

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 40x128
  • Irregular Lot
  • Few Trees

Parking

  • 2 Car Detached Garage

Home Design

  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • 1,340 Sq Ft Home
  • Dining Room
  • Basement Fills Entire Space Under The House

Kitchen

  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Bathroom on Main Level

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 1902823120156

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,013

Year Built

1925

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Classification: NonHomestead
  • Estimated Number of Acres: 0.11
  • Assessments: Unknown
  • Construction: Previously Owned
  • Foundation Size: 840
  • Parcel Number: 1902823120156
  • Projected Closed Date: 05/02/2014
  • Stories: 1.25 - 1.75 Story
  • Taxes With Assessments: 2406
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1925

Interior Features

  • Dining Room: Informal Dining Room
  • Appliances: Dishwasher, Microwave, Range/Stove, Refrigerator
  • Total Bedrooms: 3
  • Bathroom Description: Main Floor Full Bath, Upper Level Bath
  • Total Bathrooms: 2
  • Three Quarter Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bathrooms: 2
  • Room 1: Living Room, On Level: Main
  • Room 2: Dining Room, On Level: Main
  • Room 3: Family Room, On Level: Lower
  • Room 4: Kitchen, On Level: Main
  • Room 5: Bedroom, On Level: Main
  • Room 6: Bedroom, On Level: Main
  • Room 7: On Level: Upper
  • Basement Style: Full
  • Finished Above Grade Sq Ft: 1340
  • Total Fin Square Footage: 1340

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: Minneapolis #1

Lot Info

  • Estimated Lot Dimensions: 40x128
  • Lot/Land Description: Irregular Lot, Tree Coverage - Light

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 5, 2013
Closed on
Mar 31, 2014
Sold by
Edwards Nicholas J
Bought by
Edwards Nicholas J and Lewis Emily R
Seller's Agent
Jason Stockwell
RE/MAX Results
Buyer's Agent
John Danyluk
Coldwell Banker Burnet
List Price
$227,500
Sold Price
$215,000
Premium/Discount to List
-$12,500
-5.49%
Total Days on Market
134
Current Estimated Value
$373,286

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$158,286
Avg. Annual Appreciation
5.06%
Original Mortgage
$172,000
Interest Rate
4.34%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 29, 2013

Purchase Details

Closed on
Jul 11, 2013

Purchase Details

Closed on
May 13, 2013
Sold by
Provident Funding Associates Lp
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Sep 24, 2012
Sold by
Igoe Timothy T
Bought by
Provident Funding Associates Lp
Source: Public Records

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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
Edwards Nicholas J -- Title Recording Services Inc
Edwards Nicholas J $215,000 Custom Home Bldrs Title
-- $124,500 --
-- $124,500 --
Federal Home Loan Mortgage Corporation -- None Available
Provident Funding Associates Lp $192,362 --
Provident Funding Associates Lp $192,361 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Edwards Nicholas J $152,000
Closed Edwards Nicholas J $172,000
Previous Owner Igoe Timothy T $142,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/31/2014 03/31/14 Sold $215,000 -5.5% $160 / Sq Ft
03/19/2014 03/19/14 Pending -- -- --
11/05/2013 11/05/13 For Sale $227,500 -- $170 / 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 $5,013 $387,000 $110,000 $277,000
2022 $4,718 $369,000 $94,000 $275,000
2021 $3,896 $346,000 $69,000 $277,000
2020 $4,088 $300,000 $49,200 $250,800
2019 $4,212 $291,500 $32,800 $258,700
2018 $3,651 $291,500 $32,800 $258,700
2017 $3,378 $233,500 $29,800 $203,700
2016 $3,102 $211,000 $29,800 $181,200
2015 $2,939 $193,500 $29,800 $163,700
2014 -- $153,000 $31,300 $121,700
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2014

    Jason Stockwell

    RE/MAX

  • J

    Buyer's Agent in 2014

    John Danyluk

    Coldwell Banker Burnet

See All Agents

Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 4557531

REALTOR® Association of Southern Minnesota

APN: 19-028-23-12-0156

Minnesota Hennepin County Minneapolis 55417 Morris Park

5505 40th Ave S, Minneapolis, MN

This home is located at 5505 40th Ave S, Minneapolis, MN 55417 since 05 November 2013 and is currently estimated at $373,286, approximately $278 per square foot. This property was built in 1925. 5505 40th Ave S is a home located in Hennepin County with nearby schools including Lake Nokomis Keewaydin Elementary School, Lake Nokomis Wenonah Elementary School, and Sanford Middle School.

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