NOT LISTED FOR SALE

5524 Park Ave Minneapolis, MN 55417

Diamond Lake Neighborhood

Estimated Value: $511,250 - $560,000

3 Beds
2 Baths
1,694 Sq Ft
$316/Sq Ft Est. Value

Last Sold April 17, 2014

Last sale price $320,000 $189 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $3,423/month

82 Days on Market

Highlights

  • Sauna
  • Wood Flooring
  • Formal Dining Room
  • Hale Elementary School Rated A-
  • Whirlpool Bathtub
  • 2-minute walk to Diamond Lake Park

About This Home

As of April 2014

A charming brick home close to lake and park. Not your typical 1 1/2 story, larger dormer lends itself to full upstairs bath and great space. Larger fenced city lot. Sauna in basement stays for your enjoyment.

Last Agent to Sell the Property

Elizabeth Anderson

Weichert, Realtors-Advantage Listed on: 11/15/2013

Co-Listed By

Olivia Logelin

Keller Williams Realty Integrity-Edina

Last Buyer's Agent

Diane O'Donnell

Coldwell Banker Burnet

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,124

Year Built

  • 1940

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 61x120
  • Landscaped with Trees

Home Design

  • Brick Exterior Construction
  • Asphalt Shingled Roof
  • Wood Siding

Interior Spaces

  • 1,694 Sq Ft Home
  • Wood Burning Fireplace
  • Formal Dining Room
  • Sauna
  • Range
  • Wood Flooring

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Bathroom on Main Level
  • 2 Full Bathrooms
  • Whirlpool Bathtub

Laundry

  • Dryer
  • Washer

Unfinished Basement

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

Parking

  • 2 Car Detached Garage
  • Garage Door Opener

Additional Features

  • Patio
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 2302824220078

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,124

Year Built

1940

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Classification: Homestead
  • Amenities: Garage Door Opener, Hardwood Floors, Sauna
  • Amenities Exterior: Patio, Sauna
  • Estimated Number of Acres: 0.17
  • Assessments: Unknown
  • Construction: Previously Owned
  • Foundation Size: 1134
  • Parcel Number: 2302824220078
  • Projected Closed Date: 04/17/2014
  • Stories: 1.25 - 1.75 Story
  • Street Designation: Avenue
  • Taxes With Assessments: 4379
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1940

Interior Features

  • Dining Room: Formal Dining Room
  • Fireplace: Yes
  • Fireplace Type: Wood Burning
  • Appliances: Dryer, Range/Stove, Refrigerator, Washer
  • Total Bedrooms: 3
  • Bathroom Description: Main Floor Full Bath, Whirlpool
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Room 1: Living Room, 20x12, On Level: Main
  • Room 2: Dining Room, 13x12, On Level: Main
  • Room 4: Kitchen, 11x10, On Level: Main
  • Room 5: Bedroom, 13x12, On Level: Main
  • Room 6: Bedroom, 11x10, On Level: Main
  • Room 7: 23x14, On Level: Upper
  • Room 9: Sunroom/Solarium, 12x7, On Level: Main
  • Basement Features: Unfinished
  • Basement Material: Concrete Block
  • Basement Style: Full
  • Finished Above Grade Sq Ft: 1694
  • Total Fin Square Footage: 1694

Exterior Features

  • Exterior: Brick, Wood
  • 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: 61x120
  • Lot/Land Description: Tree Coverage - Medium

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 15, 2013
Closed on
Apr 17, 2014
Sold by
Broberg Richard M and Aronsohn Diane
Bought by
Knight Jacqueline R
Seller's Agent
Elizabeth Anderson
Weichert, Realtors-Advantage
Buyer's Agent
Diane O'Donnell
Coldwell Banker Burnet
List Price
$329,000
Sold Price
$320,000
Premium/Discount to List
-$9,000
-2.74%
Current Estimated Value
$534,563

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$214,563
Avg. Annual Appreciation
4.46%
Original Mortgage
$304,000
Interest Rate
4.31%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 27, 1998
Sold by
Anderson Kurt A and Anderson Mary K
Bought by
Broberg Richard M and Broberg Gail S
Source: Public Records

Range of Values:

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Average Value
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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
Knight Jacqueline R $320,000 Burnet Title
Broberg Richard M $166,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Knight Jacqueline R $245,250
Closed Knight Jacqueline R $296,000
Closed Knight Jacqueline R $304,000
Previous Owner Broberg Richard M $240,000
Previous Owner Broberg Richard M $46,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/17/2014 04/17/14 Sold $320,000 -2.7% $189 / Sq Ft
02/05/2014 02/05/14 Pending -- -- --
11/15/2013 11/15/13 For Sale $329,000 -- $194 / 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 $6,124 $442,000 $204,000 $238,000
2022 $5,647 $424,000 $190,000 $234,000
2021 $4,662 $408,000 $176,000 $232,000
2020 $5,049 $353,000 $113,800 $239,200
2019 $4,928 $353,000 $90,000 $263,000
2018 $4,956 $336,000 $90,000 $246,000
2017 $5,369 $353,500 $81,800 $271,700
2016 $4,941 $318,500 $81,800 $236,700
2015 $4,895 $302,500 $81,800 $220,700
2014 -- $274,500 $79,000 $195,500
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2014

    Elizabeth Anderson

    Weichert, Realtors-Advantage

  • O

    Seller Co-Listing Agent in 2014

    Olivia Logelin

    Keller Williams Realty Integrity-Edina

  • D

    Buyer's Agent in 2014

    Diane O'Donnell

    Coldwell Banker Burnet

See All Agents

Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 4559941

REALTOR® Association of Southern Minnesota

APN: 23-028-24-22-0078

Minnesota Hennepin County Minneapolis 55417 Diamond Lake

5524 Park Ave, Minneapolis, MN

This home is located at 5524 Park Ave, Minneapolis, MN 55417 since 15 November 2013 and is currently estimated at $534,563, approximately $315 per square foot. This property was built in 1940. 5524 Park 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.

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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