NOT LISTED FOR SALE

7038 Martin Farms Ave NE Elk River, MN 55330

Estimated Value: $507,223 - $591,000

5 Beds
3.5 Baths
3,492 Sq Ft
$155/Sq Ft Est. Value

Last Sold May 30, 2024

Last sale price $490,000 $140 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $3,321/month

24 Days on Market

Highlights

  • In Ground Pool
  • Loft
  • The kitchen features windows
  • Rogers Middle School Rated A-
  • Computer Room
  • 3 Car Attached Garage

About This Home

As of May 2024

Incredible 5 bedroom, 4 bathroom home with finished basement. Large kitchen with quartz countertops, stone backsplash and stainless steel appliances. Open main floor layout, 2nd floor laundry and 2nd floor loft area. Basement has 5th bedroom, attached bathroom and sauna! Martin Farms offers a community pool, park and sport court.

Last Agent to Sell the Property

Barry Tanner

eXp Realty Listed on: 02/12/2024

eXp Realty

Last Buyer's Agent

Devin Thorson

eXp Realty

eXp Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,190

Year Built

  • Built in 2015

Lot Details

  • 10,498 Sq Ft Lot
  • Lot Dimensions are 70x150x70x150
  • Few Trees

HOA Fees

  • $43 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Garage Door Opener

Home Design

  • Flex
  • Architectural Shingle Roof

Interior Spaces

  • 2-Story Property
  • Gas Fireplace
  • Family Room with Fireplace
  • Living Room
  • Combination Kitchen and Dining Room
  • Computer Room
  • Loft

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal
  • The kitchen features windows

Bedrooms and Bathrooms

  • 5 Bedrooms

Laundry

  • Laundry Room
  • Washer and Dryer Hookup

Finished Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump
  • Basement Window Egress

Pool

  • In Ground Pool

Utilities

  • Forced Air Heating and Cooling System
  • 200+ Amp Service

Listing and Financial Details

  • Assessor Parcel Number 118275004060

Community Details

Overview

  • Association fees include professional mgmt, shared amenities
  • Martin Farms HOA First Service Residential Association, Phone Number (952) 277-2700
  • Martin Farms 2Nd Add Subdivision

Recreation

  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,190

Year Built

Built in 2015

Lot Details

0

HOA Fees

$43 per month

Parking

3

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: Central Air
  • Garage Spaces: 3
  • Accessibility Features: None
  • Fireplaces: 1
  • Water Source: City Water/Connected
  • Fee Frequency: Quarterly
  • Year Built: 2015
  • Above Grade Finished Sq Ft: 2692
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Egress Window(s), Finished, Full, Sump Pump
  • Appliances: Dishwasher, Disposal, Microwave, Range, Refrigerator
  • Fireplace Features: Family Room, Gas
  • Living Area: 3492
  • Fireplace: Yes
  • Below Grade Finished Sq Ft: 800
  • Basement YN: Yes
  • Dining Room Type: Living Room, Dining Room, Family Room, Kitchen, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Flex Room, Loft, Laundry, Computer Room

Beds/Baths

  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Three Quarter Bathrooms: 1

Exterior Features

  • Roof: Architectural Shingle
  • PoolFeatures: Below Ground, Shared
  • Fencing: None
  • PatioPorchType: Patio,Porch

Garage/Parking

  • Parking Features: Attached Garage, Asphalt, Garage Door Opener

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • Electric: Circuit Breakers, 200+ Amp Service
  • Fuel: Natural Gas

Condo/Co-op/Association

  • HOA Fee Includes: Professional Mgmt, Shared Amenities
  • Phone: 952-277-2700
  • Association Fee: 128
  • Association: Yes
  • Amenities Unit: Ceiling Fan(s),Kitchen Center Island,Kitchen Window,Porch,In-Ground Sprinkler,Tile Floors,Washer/Dryer Hookup,Walk-In Closet

Association/Amenities

  • HOA Management Co: Martin Farms HOA-First Service Residential

Schools

  • Junior High Dist: Elk River
  • SchoolDistrictPhone: 763-241-3400

Lot Info

  • PropertyAttachedYN: No
  • Lot Size: 70x150x70x150
  • Lot Size Sq Ft: 10497.96
  • Land Lease: No
  • Lot Features: Some Trees
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Brick/Stone, Fiber Board

Tax Info

  • Tax Year: 2023
  • Assessor Parcel Number: 118275004060
  • Tax Annual Amount: 5190
  • TaxWithAssessments: 5190.0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 12, 2024
Closed on
May 29, 2024
Sold by
Sfr Acquisitions 4 Llc
Bought by
Hennings Alexis and Hennings Henna
Seller's Agent
Barry Tanner
eXp Realty
Buyer's Agent
Devin Thorson
eXp Realty
List Price
$499,900
Sold Price
$490,000
Premium/Discount to List
-$9,900
-1.98%
Views
104
Current Estimated Value
$541,306

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$51,306
Avg. Annual Appreciation
6.59%
Original Mortgage
$365,000
Outstanding Balance
$360,413
Interest Rate
7.1%
Mortgage Type
New Conventional
Estimated Equity
$180,893

Purchase Details

Closed on
Oct 19, 2022
Sold by
Zins Kyle and Zins Heather
Bought by
Sfr Acquisitions 4 Llc

Purchase Details

Closed on
Oct 21, 2015
Bought by
Zins Kyle Kyle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$341,000
Interest Rate
3.82%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Hennings Alexis $490,000 --
Sfr Acquisitions 4 Llc $475,000 --
Zins Kyle Kyle $341,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hennings Alexis $365,000
Previous Owner Zins Kyle Kyle $341,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/30/2024 05/30/24 Sold $490,000 -2.0% $140 / Sq Ft
03/09/2024 03/09/24 Pending -- -- --
02/13/2024 02/13/24 For Sale $499,900 -- $143 / 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
2025 $5,210 $486,500 $105,000 $381,500
2024 $5,190 $474,400 $95,000 $379,400
2023 $5,190 $548,600 $102,000 $446,600
2022 $5,088 $427,500 $85,000 $342,500
2021 $5,104 $372,000 $65,000 $307,000
2020 $5,064 $366,200 $60,000 $306,200
2019 $4,636 $356,100 $0 $0
2018 $4,328 $348,800 $0 $0
2017 $4,106 $326,700 $0 $0
2016 $170 $0 $0 $0
2015 $84 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6488733

NorthstarMLS

APN: 118-275-004060