NOT LISTED FOR SALE

5541 40th Ave S Minneapolis, MN 55417

Morris Park Neighborhood

Estimated Value: $327,000 - $348,000

3 Beds
1 Bath
1,150 Sq Ft
$294/Sq Ft Est. Value

About This Home

This home is located at 5541 40th Ave S, Minneapolis, MN 55417 and is currently estimated at $337,920, approximately $293 per square foot. 5541 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.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 9, 2019
Sold by
Hutchison Jason T
Bought by
Hutchison Jessica J
Current Estimated Value
$337,920

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,600
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 28, 2007
Sold by
Laver Michael N and Laver Tera J
Bought by
Hutchison Jason T and Hutchison Jessica

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$214,900
Interest Rate
6.49%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 1, 2004
Sold by
Rollins Richard D and Rollins Carol A
Bought by
Lauer Michael Nathan and Lauer Tera Jean
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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Average Value
Not Available
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
Hutchison Jessica J -- Executive Title
Hutchison Jason T $214,900 --
Lauer Michael Nathan $205,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hutchison Jessica J $219,000
Closed Hutchison Jessica J $216,600
Closed Hutchinson Jason T $214,900
Source: Public Records

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 $3,929 $310,000 $110,000 $200,000
2022 $3,624 $295,000 $94,000 $201,000
2021 $3,260 $273,000 $69,000 $204,000
2020 $3,305 $256,000 $49,200 $206,800
2019 $3,407 $241,500 $32,800 $208,700
2018 $3,002 $241,500 $32,800 $208,700
2017 $2,763 $196,500 $29,800 $166,700
2016 $2,588 $181,000 $29,800 $151,200
2015 $2,482 $168,000 $29,800 $138,200
2014 -- $162,000 $31,200 $130,800
Source: Public Records

Map

Minnesota Hennepin County Minneapolis 55417 Morris Park

5541 40th Ave S, Minneapolis, MN

This home is located at 5541 40th Ave S, Minneapolis, MN 55417 and is currently estimated at $337,920, approximately $293 per square foot. 5541 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.

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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