NOT LISTED FOR SALE

7040 Lanham Ln Edina, MN 55439

Prospect Knolls Neighborhood

Estimated Value: $897,000 - $1,200,000

4 Beds
2.5 Baths
3,788 Sq Ft
$279/Sq Ft Est. Value

Last Sold January 06, 2012

Last sale price $596,100 $157 Per Sq Ft

Est. 77% increase in value since last sale

Current estimated payment $6,441/month

9 Days on Market

Highlights

  • Deck
  • Property is near public transit
  • Corner Lot
  • Creek Valley Elementary School Rated A
  • Vaulted Ceiling
  • Formal Dining Room

About This Home

As of January 2012

Beautiful Brick & Stucco home on a large corner lot, quiet street, beautiful neighborhood. Spacious main floor with renovated Kt, Main floor half bath and laundry, main floor Family room w fplc, huge owners suite, LL amusement room, walkout basement

Last Agent to Sell the Property

Steve Havig

Lakes Area Realty Listed on: 11/21/2011

Last Buyer's Agent

Benjamin Krsnak

Hempel Properties

Home Details

Home Type

  • Single Family

Year Built

  • 1982

Lot Details

  • 0.37 Acre Lot
  • Lot Dimensions are 84x79x80x1
  • Corner Lot
  • Sprinkler System
  • Landscaped with Trees

Home Design

  • Brick Exterior Construction
  • Stucco Exterior

Interior Spaces

  • 4-Story Property
  • Central Vacuum
  • Vaulted Ceiling
  • Wood Burning Fireplace
  • Formal Dining Room
  • Tile Flooring
  • Home Security System

Kitchen

  • Eat-In Kitchen
  • Built-In Oven
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk Through Bedroom
  • Walk-In Closet
  • Bathroom on Main Level
  • Bathtub With Separate Shower Stall

Laundry

  • Dryer
  • Washer

Finished Basement

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

Parking

  • 3 Car Attached Garage
  • Garage Door Opener
  • Driveway

Outdoor Features

  • Deck
  • Patio

Location

  • Property is near public transit

Utilities

  • Forced Air Heating and Cooling System
  • Water Softener is Owned

Home Details

Home Type

Single Family

Year Built

1982

Lot Details

0.37 Acres

Listing Details

  • Class: SINGLE FAMILY
  • Classification: Homestead
  • Amenities: Garage Door Opener, Security System, Tiled Floors, Vaulted Ceilings, Walk-In Closet
  • Amenities Exterior: Deck, Driveway - Concrete, Inground Sprinkler System, Patio
  • Estimated Number of Acres: 0.37
  • Construction: Previously Owned
  • Foundation Size: 2243
  • Mechanicals: Central Vacuum, Water Softener-Owned
  • Stories: 4+ Level Split
  • Street Designation: Lane
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1982

Interior Features

  • Dining Room: Eat-In Kitchen, Formal Dining Room
  • Fireplace: Yes
  • Fireplace Type: Wood Burning
  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Range/Stove, Refrigerator, Wall Oven, Washer
  • Total Bedrooms: 4
  • Bathroom Description: Full Basement, Main Floor 1/2 Bath, Master Walk-Thru, Separate Tub & Shower
  • Total Bathrooms: 3
  • Half Bathrooms: 1
  • Full Bathrooms: 2
  • Total Bathrooms: 3
  • Room 1: Living Room, 20x14, On Level: Main
  • Room 2: Dining Room, 14x12, On Level: Main
  • Room 3: Family Room, 21x15, On Level: Main
  • Room 4: Kitchen, 19x15, On Level: Main
  • Room 5: Bedroom, 17x13, On Level: Upper
  • Room 6: Bedroom, 14x12, On Level: Upper
  • Room 7: 15x14, On Level: Lower
  • Room 8: Bedroom, 15x13, On Level: Lower
  • Room 9: Rec Room, 25x16, On Level: Lower
  • Room 10: Laundry Room, On Level: Main
  • Room 11: Den/Office, 17x17, On Level: Lower
  • Room 12: Storage Room, On Level: Lower
  • Room 13: Patio, 26x14, On Level: Main
  • Room 14: Foyer, 14x8, On Level: Main
  • Basement Features: Egress Windows, Finished, Walkout
  • Basement Style: Full, Walk-out
  • Finished Above Grade Sq Ft: 2296
  • Below Grade Finished Sq Ft: 1492
  • Total Fin Square Footage: 3788

Exterior Features

  • Frontage Road: City, Curb/Gutters
  • Exterior: Brick, Stucco

Garage/Parking

  • Garage Type: Attached
  • Garage Capacity: 3

Utilities

  • Cooling: Central
  • Fuel: Natural Gas
  • Heat: Forced Air

Lot Info

  • Estimated Lot Dimensions: 84X79X80X1
  • Lot/Land Description: Corner Lot, Pub. Trans (w/in 6 blks), Tree Coverage - Medium

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 28, 2016
Sold by
Krsnak Joshua D and Krsnak Laura Morgan Kennedy
Bought by
Broderick Sean and Broderick Deborah
Current Estimated Value
$1,056,386

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$219,000
Outstanding Balance
$175,819
Interest Rate
3.42%
Mortgage Type
Credit Line Revolving
Estimated Equity
$880,567

Purchase Details

Listed on
Nov 21, 2011
Closed on
Jan 3, 2012
Sold by
Harrington Jeffrey M and Harrington Lori J
Bought by
Krsnak Joshua D and Krsnak Laura Morgan Kennedy
Seller's Agent
Steve Havig
Lakes Area Realty
Buyer's Agent
Benjamin Krsnak
Hempel Properties
List Price
$624,900
Sold Price
$596,100
Premium/Discount to List
-$28,800
-4.61%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.14%
Original Mortgage
$300,000
Interest Rate
3.98%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Dec 2, 2002
Sold by
Richards Bryan D and Richards Janet G
Bought by
Horrington Jeffrey M and Horrington Lori J
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Broderick Sean $795,000 Watermark Title Agency
Krsnak Joshua D $596,100 Titlesmart Inc
Horrington Jeffrey M $526,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Broderick Sean $219,000
Open Broderick Sean $417,000
Previous Owner Krsnak Joshua D $300,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/06/2012 01/06/12 Sold $596,100 -4.6% $157 / Sq Ft
11/30/2011 11/30/11 Pending -- -- --
11/21/2011 11/21/11 For Sale $624,900 -- $165 / Sq Ft
Source: REALTOR® Association of Southern Minnesota

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
2024 $11,986 $877,000 $490,200 $386,800
2023 $11,403 $874,700 $486,400 $388,300
2022 $10,305 $843,000 $456,000 $387,000
2021 $10,175 $751,000 $391,400 $359,600
2020 $10,384 $741,100 $380,000 $361,100
2019 $10,258 $742,300 $380,000 $362,300
2018 $10,458 $735,400 $372,000 $363,400
2017 $8,476 $599,500 $263,500 $336,000
2016 $8,303 $581,000 $281,000 $300,000
2015 $7,168 $530,300 $281,000 $249,300
2014 -- $530,300 $281,000 $249,300
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2012

    Steve Havig

    Lakes Area Realty

  • B

    Buyer's Agent in 2012

    Benjamin Krsnak

    Hempel Properties

See All Agents

Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 4090182

REALTOR® Association of Southern Minnesota

APN: 08-116-21-21-0065

Minnesota Hennepin County Edina 55439 Prospect Knolls

7040 Lanham Ln, Edina, MN

Not Listed for Sale

Detached

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