$625,000
SOLD MAR 1, 2014

7198 Terraceview Ln N Maple Grove, MN 55311

5 Beds
4.5 Baths
4,152 Sq Ft
0.34 Acres

Recently Sold

$151 Per Sq Ft

2% Below List Price

160 Days on Market

Highlights

  • Newly Remodeled
  • Deck
  • Corner Lot
  • Basswood Elementary School Rated A-
  • Wood Flooring
  • Formal Dining Room

About This Home

As of March 2014

Beautiful new construction with end load garage. Open floor plan with cherry cabinets, real hardwood floors, Huge W/I Pantry and stunning built-ins. 4 Bedrooms up with J&J bath, plus a 3/4 Bath off BR4. Completed lower level with wet bar!

Last Agent to Sell the Property

Lori Bergeron

RE/MAX Results Listed on: 09/11/2013

Last Buyer's Agent

Jacqueline Day

Edina Realty, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,949

Year Built

  • Built in 2013 | Newly Remodeled

Lot Details

  • 0.34 Acre Lot
  • Lot Dimensions are 77x147x128
  • Corner Lot

Home Design

  • Brick Exterior Construction
  • Poured Concrete
  • Asphalt Shingled Roof
  • Vinyl Siding
  • Cement Board or Planked

Interior Spaces

  • 2-Story Property
  • Gas Fireplace
  • Formal Dining Room

Kitchen

  • Eat-In Kitchen
  • Built-In Oven
  • Cooktop
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bathroom is a Full Bathroom
  • Bathroom on Main Level

Finished Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump
  • Drain

Parking

  • 3 Car Garage
  • Driveway

Additional Features

  • Deck
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 2811922320072

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,949

Year Built

Built in 2013 | Newly Remodeled

Lot Details

0

Listing Details

  • Type: Single Family
  • Class: SINGLE FAMILY
  • Classification: NonHomestead
  • Amenities: Hardwood Floors, Tiled Floors
  • Amenities Exterior: Deck, Driveway - Asphalt
  • Estimated Number of Acres: 0.34
  • Construction: Completed New Construction
  • Foundation Size: 1410
  • Parcel Number: 2811922320072
  • Projected Closed Date: 02/27/2014
  • Stories: 2 Story
  • Taxes With Assessments: 1948.82
  • Comp Dev Subdiv Name: Maple Trace
  • Special Features: NewHome
  • Property Sub Type: Detached

Interior Features

  • Dining Room: Eat-In Kitchen, Formal Dining Room, Informal Dining Room
  • Fireplace: Yes
  • Fireplace Type: Gas
  • Appliances: Cooktop, Dishwasher, Microwave, Refrigerator, Wall Oven
  • Total Bedrooms: 5
  • Bathroom Description: 3/4 Basement, Full Master, Main Floor 1/2 Bath, Private Master, Upper Level Bath
  • Total Bathrooms: 5
  • Half Bathrooms: 1
  • Three Quarter Bathrooms: 2
  • Full Bathrooms: 2
  • Total Bathrooms: 5
  • Room 2: Dining Room, 12x13, On Level: Main
  • Room 3: Family Room, 18x18, On Level: Main
  • Room 4: Kitchen, 12x14, On Level: Main
  • Room 5: Bedroom, 15x18, On Level: Upper
  • Room 6: Bedroom, 12x12, On Level: Upper
  • Room 7: 12x14, On Level: Upper
  • Room 8: Bedroom, 13x11, On Level: Upper
  • Room 9: Den/Office, 12x12, On Level: Main
  • Room 10: Family Room, 17x26, On Level: Lower
  • Room 11: Bedroom, 14x11, On Level: Lower
  • Room 12: Other, 10x12, On Level: Lower
  • Basement Features: Drainage System, Finished, Sump Pump
  • Basement Material: Poured Concrete
  • Basement Style: Full
  • Finished Above Grade Sq Ft: 2986
  • Below Grade Finished Sq Ft: 1166
  • Total Fin Square Footage: 4152

Exterior Features

  • Frontage Road: City
  • Exterior: Brick, Cement Board, Vinyl
  • Roof: Asphalt Shingles

Garage/Parking

  • Garage Capacity: 3

Utilities

  • Cooling: Central
  • Fuel: Natural Gas
  • Heat: Forced Air
  • Sewer: City
  • Water: City

Schools

  • School District: Osseo #279

Lot Info

  • Estimated Lot Dimensions: 77x147x128
  • Lot/Land Description: Corner Lot

Building Info

  • Year Built: 2013

Tax Info

  • Year: 2013
  • Tax Value: 1949

MLS Schools

  • School District: Osseo #279

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 6, 2017
Sold by
Wright Mark and Wright Nicole L
Bought by
Doucette Matthew R and Doucette Melissa D
Current Estimated Value
$826,086

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$498,000
Outstanding Balance
$421,124
Interest Rate
3.93%
Mortgage Type
New Conventional
Estimated Equity
$404,639

Purchase Details

Listed on
Sep 11, 2013
Closed on
Feb 27, 2014
Sold by
Bergeron Homes & Development
Bought by
Wright Mark and Wright Nicole L
Seller's Agent
Lori Bergeron
RE/MAX Results
Buyer's Agent
Jacqueline Day
Edina Realty, Inc.
List Price
$634,900
Sold Price
$625,000
Premium/Discount to List
-$9,900
-1.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.46%
Original Mortgage
$400,000
Interest Rate
4.45%
Mortgage Type
New Conventional
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $622,500 Custum Home Builders Title
Warranty Deed $625,000 Home Title
Warranty Deed $195,000 Home Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $498,000 New Conventional
Previous Owner $441,000 Future Advance Clause Open End Mortgage
Previous Owner $392,560 New Conventional
Previous Owner $400,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/01/2014 03/01/14 Sold $625,000 -1.6% $151 / Sq Ft
02/18/2014 02/18/14 Pending -- -- --
09/11/2013 09/11/13 For Sale $634,900 -- $153 / Sq Ft
Source: REALTOR® Association of Southern Minnesota

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 $8,741 $705,000 $111,400 $593,600
2022 $7,728 $720,800 $111,400 $609,400
2021 $7,850 $613,400 $105,000 $508,400
2020 $8,272 $613,000 $116,300 $496,700
2019 $8,388 $613,600 $92,800 $520,800
2018 $8,189 $590,900 $119,100 $471,800
2017 $8,241 $552,100 $113,000 $439,100
2016 $8,161 $541,000 $113,000 $428,000
2015 $7,777 $507,700 $103,000 $404,700
2014 -- $103,000 $103,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 4532838

REALTOR® Association of Southern Minnesota

APN: 28-119-22-32-0072