5537 40th Ave S Minneapolis, MN 55417
Morris Park NeighborhoodEstimated Value: $344,000 - $391,000
5
Beds
2
Baths
1,880
Sq Ft
$195/Sq Ft
Est. Value
Highlights
- Game Room with Fireplace
- Living Room
- Family Room
- No HOA
- Central Air
- 5-minute walk to Morris Park
About This Home
As of March 2023Don't miss this fantastic 5 bed/2 bath home in the highly sought after Minnehaha neighborhood. Beautiful hardwood floors throughout. Your main floor features one bedroom and full bath, spacious living room open to dining area and kitchen. Upper level features 4 large bedrooms and full bath. Finished lower level you will find an additional large entertainment space perfect for movie nights, game nights or just relaxing. 2 car detached garage and fully fenced in yard. Park across the street and located close to all Minnehaha area has to offer. Make it yours today!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $4,254
Year Built
- Built in 1951
Lot Details
- 5,227 Sq Ft Lot
- Lot Dimensions are 128 x 40
Parking
- 2 Car Garage
- Tuck Under Garage
Home Design
- Rubber Roof
Interior Spaces
- 2-Story Property
- Electric Fireplace
- Family Room
- Living Room
- Game Room with Fireplace
- Partially Finished Basement
- Basement Fills Entire Space Under The House
Kitchen
- Range
- Dishwasher
Bedrooms and Bathrooms
- 5 Bedrooms
- 2 Full Bathrooms
Laundry
- Dryer
- Washer
Utilities
- Central Air
- Boiler Heating System
Community Details
- No Home Owners Association
- Morris Park 2Nd Add Subdivision
Listing and Financial Details
- Assessor Parcel Number 1902823120148
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 17, 2023
Closed on
Mar 31, 2023
Sold by
Koland James C and Koland Martha R
Bought by
Mzenga Billy and Mzenga Megan
Seller's Agent
Marissa Winegarden
eXp Realty
Buyer's Agent
Chauncee Hollingsworth
eXp Realty
List Price
$314,900
Sold Price
$320,000
Premium/Discount to List
$5,100
1.62%
Total Days on Market
0
Views
38
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$46,394
Avg. Annual Appreciation
6.44%
Original Mortgage
$304,000
Outstanding Balance
$296,740
Interest Rate
6.32%
Mortgage Type
New Conventional
Estimated Equity
$69,654
Similar Homes in Minneapolis, MN
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Mzenga Billy | $320,000 | None Listed On Document |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Mzenga Billy | $304,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/31/2023 03/31/23 | Sold | $320,000 | +1.6% | $170 / Sq Ft |
| 02/16/2023 02/16/23 | Pending | -- | -- | -- |
| 02/16/2023 02/16/23 | For Sale | $314,900 | -- | $168 / Sq Ft |
Source: NorthstarMLS
Tax History Compared to Growth
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 | $4,534 | $353,000 | $110,000 | $243,000 |
| 2022 | $4,254 | $339,000 | $94,000 | $245,000 |
| 2021 | $4,077 | $315,000 | $69,000 | $246,000 |
| 2020 | $4,142 | $312,500 | $49,200 | $263,300 |
| 2019 | $4,044 | $295,000 | $32,800 | $262,200 |
| 2018 | $3,578 | $281,000 | $32,800 | $248,200 |
| 2017 | $3,253 | $226,000 | $29,800 | $196,200 |
| 2016 | $3,015 | $206,000 | $29,800 | $176,200 |
| 2015 | $2,895 | $191,000 | $29,800 | $161,200 |
| 2014 | -- | $183,500 | $31,200 | $152,300 |
Source: Public Records
Agents Affiliated with this Home
-
Marissa Winegarden
Seller's Agent in 2023
Marissa Winegarden
eXp Realty
(612) 695-5990
2 in this area
388 Total Sales
-
Erik Winegarden
Seller Co-Listing Agent in 2023
Erik Winegarden
eXp Realty
(612) 695-5990
2 in this area
287 Total Sales
-
Chauncee Hollingsworth
Buyer's Agent in 2023
Chauncee Hollingsworth
eXp Realty
(314) 698-1756
1 in this area
125 Total Sales
Map
Source: NorthstarMLS
MLS Number: 6332986
APN: 19-028-23-12-0148
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