NOT LISTED FOR SALE

5509 Kipling Ave Minnetonka, MN 55345

Estimated Value: $428,000 - $464,732

4 Beds
2 Baths
2,010 Sq Ft
$220/Sq Ft Est. Value

Last Sold August 23, 2024

Last sale price $420,000 $209 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $2,742/month

24 Days on Market

Highlights

  • Deck
  • Corner Lot
  • Walk-In Pantry
  • Clear Springs Elementary School Rated A
  • No HOA
  • 2 Car Attached Garage

About This Home

As of August 2024

This is a rare opportunity to own a home coming onto the market for the first time since its original new construction! This property sits on almost an acre lot that backs up to Purgatory Park in a quiet private neighborhood. The backyard has a beautiful yard with nice tree cover along it with adult Mulberry producing trees spread across the yard. Great access to the park, desirable Minnetonka High School and school district, and easy access to Highway 7 for any commutes to work or other activities.Split level entry home located in a prime area, two bedrooms on the main floor along with original hardwoods floors throughout the remainder of the main floor. Additional two bedrooms in the basement below with another living area and a large 600sqft storage room below the garage accessible from the lower living area. Large deck off the back of the house opens up to the backyard with vegetable gardens ready to be planted for the year!

Last Agent to Sell the Property

Cody Cook

Bridge Realty, LLC Listed on: 06/27/2024

Bridge Realty, LLC

Last Buyer's Agent

James Garry

Redfin Corporation

Redfin Corporation

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,076

Year Built

  • Built in 1966

Lot Details

  • 0.8 Acre Lot
  • Lot Dimensions are 132x259
  • Corner Lot

Parking

  • 2 Car Attached Garage

Home Design

  • Bi-Level Home

Interior Spaces

  • Family Room
  • Combination Kitchen and Dining Room
  • Washer and Dryer Hookup

Kitchen

  • Walk-In Pantry
  • Cooktop
  • Microwave
  • Freezer
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Finished Basement

  • Basement Storage
  • Basement Window Egress

Outdoor Features

  • Deck

Utilities

  • Forced Air Heating and Cooling System
  • Humidifier
  • Well
  • Septic System

Listing and Financial Details

  • Assessor Parcel Number 3111722110008

Community Details

Overview

  • No Home Owners Association
  • Clear Spring Gardens Subdivision
  • Property is near a preserve or public land

Recreation

  • Trails

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,076

Year Built

Built in 1966

Lot Details

0

Parking

2

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: Central Air
  • Garage Spaces: 2
  • Accessibility Features: Grab Bars In Bathroom, Partially Wheelchair, Roll-In Shower
  • Water Source: City Water/Connected, City Water - In Street, Well
  • Association Amenities: Trail(s)
  • Year Built: 1966
  • Above Grade Finished Sq Ft: 1100
  • Unit Levels: Split Entry (Bi-Level)
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Daylight/Lookout Windows, 8 ft+ Pour, Egress Window(s), Finished, Concrete, Partially Finished, Storage Space
  • Appliances: Cooktop, Dishwasher, Electric Water Heater, Freezer, Humidifier, Microwave, Range, Refrigerator
  • Living Area: 2010
  • Fireplace: No
  • Below Grade Finished Sq Ft: 910
  • Basement YN: Yes
  • Dining Room Type: Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Kitchen, Pantry (Walk-In), Laundry, Dining Room, Bathroom, Family Room

Beds/Baths

  • Total Bedrooms: 4
  • Three Quarter Bathrooms: 2

Exterior Features

  • Roof: Age 8 Years or Less, Asphalt
  • PoolFeatures: None
  • PatioPorchType: Deck

Garage/Parking

  • Parking Features: Attached Garage, Asphalt
  • Garage Square Feet: 520

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected, Septic System Compliant - Yes
  • Fuel: Electric,Natural Gas

Condo/Co-op/Association

  • Association: No
  • Amenities Unit: Ceiling Fan(s),Deck,Hardwood Floors,Washer/Dryer Hookup

Schools

  • Junior High Dist: Minnetonka
  • SchoolDistrictNumber: 276
  • SchoolDistrictPhone: 952-401-5000

Lot Info

  • PropertyAttachedYN: No
  • Lot Size: 132x259
  • Lot Size Sq Ft: 34848
  • Land Lease: No
  • Lot Features: Corner Lot, Property Adjoins Public Land, Many Trees
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Cedar

Tax Info

  • Tax Year: 2023
  • Assessor Parcel Number: 3111722110008
  • Tax Annual Amount: 4076
  • TaxWithAssessments: 4076.0200

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 27, 2024
Closed on
Aug 21, 2024
Sold by
The Robert And Mary Nelson Joint Revocab
Bought by
He Fan and Wang Lu
Seller's Agent
Cody Cook
Bridge Realty, LLC
Buyer's Agent
James Garry
Redfin Corporation
List Price
$479,000
Sold Price
$420,000
Premium/Discount to List
-$59,000
-12.32%
Views
52
Current Estimated Value
$442,183

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$22,183
Avg. Annual Appreciation
5.18%
Original Mortgage
$243,000
Outstanding Balance
$240,696
Interest Rate
6.89%
Mortgage Type
New Conventional
Estimated Equity
$201,487

Purchase Details

Closed on
Feb 27, 2019
Sold by
Nelson Robert J and Nelson Mary J
Bought by
Nelson Robert James and Nelson Mary Joan

Purchase Details

Closed on
Sep 14, 2015
Source: Public Records

Range of Values:

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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
He Fan $420,000 --
Nelson Robert James -- None Available
-- $164,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open He Fan $243,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/23/2024 08/23/24 Sold $420,000 -7.7% $209 / Sq Ft
07/25/2024 07/25/24 Pending -- -- --
07/19/2024 07/19/24 Price Changed $455,000 -5.0% $226 / Sq Ft
07/01/2024 07/01/24 For Sale $479,000 -- $238 / Sq Ft
Source: NorthstarMLS

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 $4,046 $329,200 $225,500 $103,700
2022 $3,853 $329,200 $225,500 $103,700
2021 $3,801 $288,200 $205,000 $83,200
2020 $3,881 $285,300 $205,000 $80,300
2019 $3,818 $279,500 $205,000 $74,500
2018 $3,588 $274,200 $205,000 $69,200
2017 $3,456 $248,000 $185,000 $63,000
2016 $3,289 $236,700 $185,000 $51,700
2015 $3,240 $232,600 $175,000 $57,600
2014 -- $236,300 $175,000 $61,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6535392

NorthstarMLS

APN: 31-117-22-11-0008