NOT LISTED FOR SALE

5517 Portland Ave Minneapolis, MN 55417

Diamond Lake Neighborhood

Estimated Value: $505,000 - $544,000

3 Beds
1.5 Baths
1,690 Sq Ft
$308/Sq Ft Est. Value

Last Sold February 19, 2015

Last sale price $315,000 $186 Per Sq Ft

Est. 65% increase in value since last sale

Current estimated payment $3,429/month

54 Days on Market

Highlights

  • Property is near public transit
  • Wood Flooring
  • 2 Car Detached Garage
  • Hale Elementary School Rated A-
  • Formal Dining Room
  • 2-minute walk to Diamond Lake Park

About This Home

As of February 2015

Charming Brick Cape Cod with Amazing panoramic views of Diamond Lake. Hardwood floors and updates throughout. Large yard and gardens. Oversized 2+garage, sun room, sitting room, wood burning fireplace, Lots of Storage!

Last Agent to Sell the Property

Joe Collins

Edina Realty, Inc. Listed on: 10/17/2014

Last Buyer's Agent

Matt Lill

Edina Realty, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,393

Year Built

  • Built in 1939

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 51x133
  • Partially Fenced Property
  • Sprinkler System
  • Landscaped with Trees

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Asphalt Shingled Roof
  • Rubber Roof
  • Wood Siding

Interior Spaces

  • Woodwork
  • Ceiling Fan
  • Wood Burning Fireplace
  • Formal Dining Room

Kitchen

  • Range
  • Microwave
  • Freezer
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Dryer
  • Washer

Finished Basement

  • Basement Fills Entire Space Under The House
  • Block Basement Construction

Parking

  • 2 Car Detached Garage
  • Garage Door Opener
  • Driveway

Additional Features

  • Patio
  • Property is near public transit
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 2302824220089

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,393

Year Built

Built in 1939

Lot Details

0

Listing Details

  • Type: Single Family
  • Class: SINGLE FAMILY
  • Classification: Homestead
  • Amenities: Ceiling Fans, Garage Door Opener, Hardwood Floors, Natural Woodwork, Tiled Floors
  • Amenities Exterior: Driveway - Concrete, Fenced Yard - Partial, Inground Sprinkler System, Patio
  • Estimated Number of Acres: 0.14
  • Construction: Previously Owned
  • Foundation Size: 835
  • Parcel Number: 2302824220089
  • Projected Closed Date: 02/19/2015
  • Road Between Waterfront And Home: Yes
  • Stories: 1.25 - 1.75 Story
  • Street Designation: Avenue
  • Taxes With Assessments: 4393
  • Comp Dev Subdiv Name: Diamond Lake
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Dining Room: Combine with Living Room, Formal Dining Room
  • Fireplace: Yes
  • Fireplace Type: Wood Burning
  • Appliances: Dishwasher, Disposal, Dryer, Freezer, Microwave, Range/Stove, Refrigerator, Washer
  • Total Bedrooms: 3
  • Bathroom Description: 1/2 Basement
  • Total Bathrooms: 2
  • Half Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bathrooms: 2
  • Room 1: Living Room, 18x13, On Level: Main
  • Room 2: Dining Room, 10x10, On Level: Main
  • Room 3: Family Room, 16x13, On Level: Lower
  • Room 4: Kitchen, 12x9, On Level: Main
  • Room 5: Bedroom, 19x10, On Level: Upper
  • Room 6: Bedroom, 9x9, On Level: Upper
  • Room 7: 13x9, On Level: Upper
  • Room 9: Sunroom/Solarium, 11x7, On Level: Main
  • Room 10: Other, 16x9, On Level: Main
  • Basement Features: Finished
  • Basement Material: Concrete Block
  • Basement Style: Full
  • Finished Above Grade Sq Ft: 1377
  • Below Grade Finished Sq Ft: 313
  • Total Fin Square Footage: 1690

Exterior Features

  • Frontage Road: City, Curb/Gutters, Paved, Sidewalk
  • LakeAcres: 56
  • Exterior: Brick, Wood
  • Roof: Asphalt Shingles, Flat, Rubber

Garage/Parking

  • Garage Type: Detached
  • Garage Capacity: 2

Utilities

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

Schools

  • School District: Minneapolis #1

Lot Info

  • Estimated Lot Dimensions: 51x133
  • Lot/Land Description: Pub. Trans (w/in 6 blks), Tree Coverage - Medium

Building Info

  • Year Built: 1939

Tax Info

  • Year: 2014
  • Tax Value: 4393

MLS Schools

  • School District: Minneapolis #1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 26, 2020
Sold by
Rainey Brian J and Rainey Jennifer
Bought by
Rainey Brian James and Rainey Jennifer Jean
Total Days on Market
54
Current Estimated Value
$520,671

Purchase Details

Closed on
Jun 25, 2019
Sold by
Beaman Boaz David and Beaman Paige Ahlene
Bought by
Rainey Brian J and Rainey Jennifer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 17, 2014
Closed on
Feb 16, 2015
Sold by
Carraher Carraher R and Carraher Valerie
Bought by
Fruchtman Boaz D and Wiggins Paige A
Seller's Agent
Joe Collins
Edina Realty, Inc.
Buyer's Agent
Matt Lill
Edina Realty, Inc.
List Price
$329,900
Sold Price
$315,000
Premium/Discount to List
-$14,900
-4.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.00%
Original Mortgage
$252,000
Interest Rate
3.66%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 7, 2011
Sold by
Carraher Richard Thomas and Carraher Valerie Jeanne
Bought by
Carraher Carraher R and Carraher Valerie Jeanne

Purchase Details

Closed on
Oct 28, 1999
Sold by
Rice Andrew J and Rice Mary C
Bought by
Carraher Richard
Source: Public Records

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Range of Values:

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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
Rainey Brian James -- None Available
Rainey Brian J $400,000 Edina Realty Title Inc
Fruchtman Boaz D $315,000 Edina Realty Title Inc
Carraher Carraher R -- None Available
Carraher Richard $161,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rainey Brian J $316,000
Closed Rainey Brian J $316,000
Closed Rainey Brian J $320,000
Previous Owner Fruchtman Boaz D $250,000
Previous Owner Fruchtman Boaz D $74,900
Previous Owner Fruchtman Boaz D $252,000
Previous Owner Carraher Richard Thomas $169,500
Previous Owner Carraher Richard T $50,000
Previous Owner Carraher Richard Thomas $159,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/19/2015 02/19/15 Sold $315,000 -4.5% $186 / Sq Ft
12/10/2014 12/10/14 Pending -- -- --
10/17/2014 10/17/14 For Sale $329,900 -- $195 / 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 $6,071 $466,000 $168,000 $298,000
2022 $6,083 $452,000 $152,000 $300,000
2021 $5,198 $439,000 $145,000 $294,000
2020 $5,629 $390,000 $104,200 $285,800
2019 $5,500 $390,000 $81,600 $308,400
2018 $4,883 $371,500 $81,600 $289,900
2017 $4,473 $299,500 $74,200 $225,300
2016 $4,504 $293,000 $74,200 $218,800
2015 $4,357 $272,500 $74,200 $198,300
2014 -- $250,500 $71,700 $178,800
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2015

    Joe Collins

    Edina Realty, Inc.

  • M

    Buyer's Agent in 2015

    Matt Lill

    Edina Realty, Inc.

See All Agents

Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 4685401

REALTOR® Association of Southern Minnesota

APN: 23-028-24-22-0089

Minnesota Hennepin County Minneapolis 55417 Diamond Lake

5517 Portland Ave, Minneapolis, MN

This home is located at 5517 Portland Ave, Minneapolis, MN 55417 since 17 October 2014 and is currently estimated at $520,671, approximately $308 per square foot. This property was built in 1939. 5517 Portland Ave is a home located in Hennepin County with nearby schools including Hale Elementary School, Justice Page Middle School, and Washburn 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.

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