NOT LISTED FOR SALE

5881 Covington Ln Minnetonka, MN 55345

Estimated Value: $294,000 - $356,000

3 Beds
2 Baths
770 Sq Ft
$426/Sq Ft Est. Value

Last Sold November 30, 2012

Last sale price $125,000 $162 Per Sq Ft

Est. 162% increase in value since last sale

Current estimated payment $2,097/month

97 Days on Market

Highlights

  • Deck
  • No HOA
  • Patio
  • Clear Springs Elementary School Rated A
  • 2 Car Attached Garage
  • Forced Air Heating and Cooling System

About This Home

As of November 2012

Great home in a great location. Large wooded lot w/private wetland in back. 3BR 2BA w/walk in closets, huge fenced yard. Fireplace in lower level family room and deck off main floor living room. Spacious home.

Last Listed By

Mary Spears

Marles Realty, LLC Listed on: 07/31/2012

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,907

Year Built

  • Built in 1983

Lot Details

  • 0.3 Acre Lot
  • Wood Fence
  • Irregular Lot
  • Few Trees

Parking

  • 2 Car Attached Garage

Home Design

  • Property Attached
  • Asphalt Shingled Roof
  • Fiberglass Siding
  • Stone Siding

Interior Spaces

  • Ceiling Fan
  • Family Room with Fireplace
  • Range

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Outdoor Features

  • Deck
  • Patio

Utilities

  • Forced Air Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 3111722420043

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,907

Year Built

Built in 1983

Lot Details

0

Parking

2

Listing Details

  • Type: Single Family
  • Property Subtype 1: (TW) Twin Home
  • Cooling System: Central
  • Outside Features: Brick/Stone, Fiber Board
  • Garage Spaces: 2.00
  • Accessibility Features: None
  • Fireplaces: 1
  • Water Source: City Water/Connected
  • Fuel Type: Natural Gas
  • Year Built: 1983
  • Above Grade Finished Sq Ft: 770.00
  • Above Grade Finished Area Search: 770.00
  • Below Grade Finished Sq Ft: 674.00
  • Carport Y N: No
  • Floor Plan Type: Main Floor Bedroom
  • Foundation Area Units: Square Feet
  • Internet Entire Listing Display: Yes
  • List A O R Key Numeric: 2150
  • Listing Organization: Regional MLS of Minnesota
  • Living Area Finished: 1444.00
  • Living Area Finished Units: Square Feet
  • Parcel Numbers: 3111722420043
  • Rental License: No
  • Special Features: 20
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Finished (Livable), Full, Walkout
  • Appliances: Dryer, Range, Refrigerator, Washer
  • Fireplace Features: Family Room
  • Dining Room Features: Informal Dining Room
  • Family Room Features: Lower Level
  • Bathroom Type: Full Basement, Main Floor Full Bath
  • Fireplace: Yes
  • Below Grade Finished Sq Ft: 674.00

Beds/Baths

  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 3

Exterior Features

  • Roof: Asphalt Shingles
  • Fencing: Wood

Garage/Parking

  • Parking Features: Attached Garage

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected

Association/Amenities

  • Association Fee Yn: No
  • Property Amenities: Ceiling Fan(s), Deck, Patio, Walk-In Closet, Washer/Dryer Hookup

Schools

  • School District: 276 - Minnetonka
  • School District Phone: 952-401-5000

Lot Info

  • Zoning: Residential-Single Family
  • Construction: Previously Owned
  • Waterfront YN: No
  • PropertyAttachedYN: Yes
  • Assessment Pending: Unknown
  • Lot Size: N 65 X 188
  • Homestead: Yes
  • LandLeaseAmountFrequency: No
  • Lot Features: Irregular Lot, Tree Coverage - Light
  • Lot Size Acres: 0.3000
  • Lot Size Area Units: Square Feet

Building Info

  • New Development: No

Tax Info

  • TaxLegalDescription: Lot 002 Block 003 COVINGTON HEIGHTS THAT PART OF LOT 2 LYING E OF W 65 FT THOF
  • Tax Amount: 1907.00
  • Tax Year: 2011
  • Tax With Assessments: 1907.00
  • Assessor Parcel Number: 3111722420043

Multi Family

  • Above Grade Finished Sq Ft: Square Feet

MLS Schools

  • School District Name: 276 - Minnetonka

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 31, 2012
Closed on
Nov 30, 2012
Sold by
Secretary Of Housing & Urban Development
Bought by
Andrews Kevin
Seller's Agent
Mary Spears
Marles Realty, LLC
List Price
$125,000
Sold Price
$125,000
Total Days on Market
97
Current Estimated Value
$327,738

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$202,738
Avg. Annual Appreciation
8.32%
Original Mortgage
$122,700
Outstanding Balance
$86,042
Interest Rate
3.25%
Mortgage Type
FHA
Estimated Equity
$251,942

Purchase Details

Closed on
Jun 25, 2012
Sold by
Citimortgage Inc
Bought by
The Secretary Of Housing & Urban Develop

Purchase Details

Closed on
Nov 8, 2011
Sold by
West James W
Bought by
Citimortgage Inc

Purchase Details

Closed on
Feb 7, 2003
Sold by
Hannula Derek T
Bought by
West James W

Purchase Details

Closed on
Mar 25, 2002
Sold by
Walker Susan Marie
Bought by
Hannula Derek T

Purchase Details

Closed on
Apr 25, 1997
Sold by
Stiebinger James R and Stiebinger Vickie L
Bought by
Walker Susan Marie

Purchase Details

Closed on
Mar 27, 1997
Sold by
Lachner Anton J and Lachner Janette Y
Bought by
Stiebinger James R and Stiebinger Vicki L

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
Andrews Kevin -- None Available
The Secretary Of Housing & Urban Develop -- None Available
Citimortgage Inc $158,738 --
Citimortgage Inc $158,737 None Available
West James W $168,500 --
Hannula Derek T $160,000 --
Walker Susan Marie $95,000 --
Stiebinger James R $80,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Andrews Kevin $122,700
Closed Andrews Kevin $122,700
Closed Stiebinger James R --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/30/2012 11/30/12 Sold $125,000 0.0% $162 / Sq Ft
11/05/2012 11/05/12 Pending -- -- --
07/31/2012 07/31/12 For Sale $125,000 -- $162 / 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 $3,354 $277,500 $126,500 $151,000
2022 $3,153 $265,600 $126,500 $139,100
2021 $3,254 $240,700 $115,000 $125,700
2020 $3,252 $248,000 $115,000 $133,000
2019 $2,858 $238,500 $115,000 $123,500
2018 $2,314 $211,900 $60,000 $151,900
2017 $2,205 $168,100 $60,000 $108,100
2016 $2,073 $159,300 $60,000 $99,300
2015 $1,838 $144,200 $60,000 $84,200
2014 -- $161,900 $60,000 $101,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 4177530

NorthstarMLS

APN: 31-117-22-42-0043