NOT LISTED FOR SALE

5537 40th Ave S Minneapolis, MN 55417

Morris Park Neighborhood

Estimated Value: $341,000 - $385,638

5 Beds
2 Baths
1,880 Sq Ft
$194/Sq Ft Est. Value

Last Sold March 31, 2023

Last sale price $320,000 $170 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $2,367/month

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 2023

Don'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!

Last Agent to Sell the Property

Marissa Winegarden

eXp Realty Listed on: 02/17/2023

eXp Realty

Co-Listed By

Erik Winegarden

eXp Realty

Last Buyer's Agent

Chauncee Hollingsworth

eXp Realty

eXp Realty

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,254

Year Built

Built in 1951

Lot Details

0

Parking

2

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: Central Air
  • Garage Spaces: 2
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Year Built: 1951
  • Above Grade Finished Sq Ft: 1550
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Full, Partially Finished
  • Appliances: Dishwasher, Dryer, Exhaust Fan, Range, Refrigerator, Washer
  • Fireplace Features: Amusement Room, Electric
  • Living Area: 1880
  • Below Grade Finished Sq Ft: 330
  • Basement YN: Yes
  • Dining Room Type: Living Room, Dining Room, Family Room, Kitchen, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
  • SqFtTotal: 2315.00

Beds/Baths

  • Full Bathrooms: 2
  • Total Bedrooms: 5

Exterior Features

  • Roof: Rubber
  • Neighborhood: Morris Park

Garage/Parking

  • Parking Features: Detached, Tuckunder Garage
  • Garage Square Feet: 550

Utilities

  • Heating: Boiler
  • Sewer: City Sewer/Connected
  • Fuel: Natural Gas

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Minneapolis
  • SchoolDistrictNumber: 1
  • SchoolDistrictPhone: 612-668-0000

Lot Info

  • PropertyAttachedYN: No
  • Lot Size: 128 x 40
  • Lot Size Sq Ft: 5227.2
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Stucco

Tax Info

  • Tax Year: 2022
  • Assessor Parcel Number: 1902823120148
  • Tax Annual Amount: 4254
  • TaxWithAssessments: 4254.0000

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%
Views
38
Current Estimated Value
$360,165

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$40,165
Avg. Annual Appreciation
5.93%
Original Mortgage
$304,000
Outstanding Balance
$296,740
Interest Rate
6.32%
Mortgage Type
New Conventional
Estimated Equity
$69,654
Source: Public Records

Range of Values:

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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
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

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 $4,534 $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

    386 Total Sales

    Section Image
  • Erik Winegarden

    Seller Co-Listing Agent in 2023

    Erik Winegarden

    eXp Realty

    (612) 695-5990

    2 in this area

    288 Total Sales

    Section Image
  • Chauncee Hollingsworth

    Buyer's Agent in 2023

    Chauncee Hollingsworth

    eXp Realty

    (314) 698-1756

    1 in this area

    130 Total Sales

    Section Image
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Map

Source: NorthstarMLS

MLS Number: 6332986

NorthstarMLS

APN: 19-028-23-12-0148

Minnesota Hennepin County Minneapolis 55417 Morris Park

5537 40th Ave S, Minneapolis, MN

This home is located at 5537 40th Ave S, Minneapolis, MN 55417 since 17 February 2023 and is currently estimated at $364,660, approximately $193 per square foot. This property was built in 1951. 5537 40th Ave S is a home located in Hennepin County with nearby schools including Lake Nokomis Wenonah Elementary School, Lake Nokomis Keewaydin Elementary School, and Sanford Middle School.

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