8331 Penn Ave S Minneapolis, MN 55431
West Bloomington NeighborhoodEstimated Value: $349,000 - $406,160
4
Beds
2
Baths
2,370
Sq Ft
$155/Sq Ft
Est. Value
Highlights
- Lake Front
- Family Room with Fireplace
- Home Gym
- Beach Access
- No HOA
- Sitting Room
About This Home
As of October 2024Home on Upper Penn Lake with 85' of beautiful lakeshore, offering incredible potential for the right buyer. This 4-bedroom property, with 3 bedrooms on the main level, features hardwood flooring throughout the main level living areas. An informal dining area includes a triple patio door that opens to a spacious deck, providing picturesque lake views. Galley-style kitchen with a window overlooking the lake. The finished lower level offers a bedroom, 3/4 bath, a walkout to a private patio area, a kitchenette, a sunroom with a cozy fireplace, and a family room—ideal for guests or extended family living. While it needs some TLC, the lot and location are unbeatable, conveniently close to shopping, parks, trails, freeways, restaurants, and more. A fantastic opportunity to create your dream lakeside retreat!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $4,588
Year Built
- Built in 1955
Lot Details
- 0.29 Acre Lot
- Lot Dimensions are 140x85
- Lake Front
Parking
- 2 Car Attached Garage
- Garage Door Opener
Home Design
- Shake Siding
Interior Spaces
- 1-Story Property
- Family Room with Fireplace
- Sitting Room
- Living Room
- Dining Room
- Home Gym
Kitchen
- Range
- The kitchen features windows
Bedrooms and Bathrooms
- 4 Bedrooms
Laundry
- Dryer
- Washer
Finished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
Outdoor Features
- Beach Access
- Patio
Utilities
- Forced Air Heating System
Community Details
- No Home Owners Association
- Penn Lake Highlands 2Nd Add Subdivision
Listing and Financial Details
- Assessor Parcel Number 0402724320052
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 29, 2024
Closed on
Oct 22, 2024
Sold by
Cook Mary E Nelson
Bought by
Hegel Kyle and Fokken Katie
Seller's Agent
Cheryl Wicklund
Edina Realty, Inc.
Buyer's Agent
Scott Rifenberick
Edina Realty, Inc.
List Price
$375,000
Sold Price
$350,000
Premium/Discount to List
-$25,000
-6.67%
Total Days on Market
54
Views
145
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$16,790
Avg. Annual Appreciation
7.85%
Original Mortgage
$262,500
Outstanding Balance
$261,200
Interest Rate
6.08%
Mortgage Type
New Conventional
Estimated Equity
$105,590
Purchase Details
Closed on
Aug 6, 2004
Sold by
Gerard Jason P and Josee Gerard M
Bought by
Cook Gary R and Cook Mary E
Purchase Details
Closed on
Apr 21, 2003
Sold by
Deyoung Robert R
Bought by
Gerard Jason P and Josee Gerard M
Purchase Details
Closed on
Jun 25, 2001
Sold by
Guthmiller Burton M and Linehan Patricia
Bought by
Deyoung Ii Robert R
Purchase Details
Closed on
Aug 28, 1998
Sold by
Yurek Matthew T and Yurek Teresa Marie
Bought by
Guthmiller Burton M
Similar Homes in Minneapolis, MN
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Hegel Kyle | $350,000 | Edina Realty Title | |
| Cook Gary R | $252,900 | -- | |
| Gerard Jason P | $234,695 | -- | |
| Deyoung Ii Robert R | $174,070 | -- | |
| Guthmiller Burton M | $127,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Hegel Kyle | $262,500 | |
| Previous Owner | Cook Mary E | $191,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/22/2024 10/22/24 | Sold | $350,000 | -6.7% | $148 / Sq Ft |
| 08/29/2024 08/29/24 | For Sale | $375,000 | -- | $158 / Sq Ft |
Source: NorthstarMLS
Tax History Compared to Growth
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 | $4,588 | $382,800 | $123,100 | $259,700 |
| 2022 | $4,503 | $380,400 | $125,600 | $254,800 |
| 2021 | $4,063 | $355,000 | $143,200 | $211,800 |
| 2020 | $3,928 | $326,000 | $132,500 | $193,500 |
| 2019 | $3,447 | $308,000 | $132,500 | $175,500 |
| 2018 | $3,398 | $269,100 | $117,900 | $151,200 |
| 2017 | $2,934 | $229,500 | $99,300 | $130,200 |
| 2016 | $3,055 | $226,800 | $93,200 | $133,600 |
| 2015 | $3,019 | $216,700 | $90,700 | $126,000 |
| 2014 | -- | $194,900 | $88,000 | $106,900 |
Source: Public Records
Agents Affiliated with this Home
-
Cheryl Wicklund
Seller's Agent in 2024
Cheryl Wicklund
Edina Realty, Inc.
(952) 892-7000
1 in this area
94 Total Sales
-
Scott Rifenberick
Buyer's Agent in 2024
Scott Rifenberick
Edina Realty, Inc.
(612) 280-6682
4 in this area
83 Total Sales
Map
Source: NorthstarMLS
MLS Number: 6593004
APN: 04-027-24-32-0052
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