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1040 5th Avenue Southeast

1040 5th Avenue Southeast, Rochester, MN 55904
Property in Slatterly Park
Sold May 16, 2016
$162,251
$159,310 by First Option Mortgage Llc
Mortgage Due Jun 01, 2046
Sold Jul 12, 2007
$115,875
$115,375 by First Alliance Cu
Mortgage Due Jul 01, 2037
1040 5th Avenue Southeast has been categorized by the local assessors in Rochester, MN as a residential type of property. The building on the property was first built in 1938 and is 86 years old. However, we must point out that the home was most recently renovated and altered in 1990. The home has a total of 6 rooms. 4 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 1040 5th Avenue Southeast has 1,520 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. Those looking for additional storage or space will be happy to hear that there is a finished improved basement that is 728 sqft. Please note, that typically the basement, garage, and or porch square footage is not included in the calculations of the living area square footage. The linear feet between the front and back of the lot is 700 ft and across the front of the lot is 440 ft. The area measurement of the land has been determined as 3,006 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a detached garage for those who require parking. The garage measured 216 sqft. According to our sources, there is one available parking space. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with wood control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of C- by the local assessor. The building has a gable style roof made of asphalt. The exterior walls of the building are made of metal. While the interior walls have been made of plaster. As for the floors, you'll see that the home has flooring throughout. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a forced air unit. There is a single fireplace in the home. Perfect for those wintery nights. The property was last sold in May 11, 2016 for $162,251. That's $106.74 per sqft. Prior to that sales transaction, the property was also sold in Jun 20, 2007 for $115,875. 1040 5th Avenue Southeast was last assessed in 2021. The total value of the property was assessed at $170,200. Specifically, the land the property is located on was valued at $25,000. While improvements on the property were assessed at a total of $145,200. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $2,534. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1938
  • Effective Year Built: 1990
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Quality: C-
  • Construction Type: Wood
  • Exterior Walls Type: Metal
  • Interior Walls Type: Plaster
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Floor Cover: Carpet
  • Basement Type: Finished improved basement
  • Basement Area: 728
  • Garage Type: Detached
  • Garage Square Area: 216
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 3,006
  • Lot Size Depth Feet: 700
  • Lot Size Frontage Feet: 440
  • Total Building Area: 1,520
  • Gross Building Area: 1,520
  • Building Area: 1,520
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 1,520
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: HETZEL AND HAGEN RESUB
  • Land Acres: 0.069
  • Standard Land Use Code: Single family residential
  • Legal Description 1: SECT-01 TWP-106 RANGE-014 HETZEL AND HAGEN RESUB LOT-007 BLOCK-001 LOT 7 BLK 1

Ownership

  • Current Owner : CRAFT STACY
  • Current Owner 2: BUCKLEY DANIEL
  • Previous Owner : PERMANN RAMONA R
  • Owner Before Previous Owner: SCHULZ VERONA E
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Rochester Public School District
  • School Tax School District: ROCHESTER
  • School Tax District Code 2: ROCHESTER SCHOO
  • Census Tract: 000300

Geography

  • District: 2303
  • Parcel: 64.01.33.009817
  • Block: 1
  • Lot: 7
  • Meridian: SEC 01 TWN 106 RNG 14
  • Municipality: ROCHESTER CITY
  • Latitude: 44.0094
  • Longitude: -92.4559

    Address

  • Full Address: 1040 5th Ave Se
  • Address - House Number: 1040
  • Street Segment Direction: SE
  • Address - Street Name: 5th
  • Address - Suffix Type: Ave
  • State: MN
  • City Name: Rochester
  • Carrier Code: C025
  • 4-Digit Zip Code: 5036
  • Zip Code: 55904

Valuation

    Tax

  • Total Area: 1,145
  • Tax Year: 2023
  • Tax Amount: $2,534

    Appraisal Valuation

  • Standard Deviation: 0.134
  • Valuation Date: Apr 19, 2023
  • Confidence Score: 84
  • Final Value: 246,603
  • High Value: 279,670
  • Low Value: 213,535

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $159,310
  • First Open Lien Mortgage Lender: FIRST OPTION MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: May 16, 2016
  • First Open Lien Mortgage Loan Amount: $159,310
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Jun 01, 2046

    Market Valuation

  • Market Total Value: $170,200
  • Market Land Value: $25,000
  • Market Improvement Value: $145,200

    Assessments Valuation

  • Assessed Year: 2021
  • Assessed Total Value: $170,200
  • Assessed Land Value: $25,000
  • Assessed Improvements Value: $145,200

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 11, 2016
  • Current Sale Recording Date: May 16, 2016
  • Current Sale Transaction ID: 1639443277
  • Current Sale Price: $162,251
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: A-1396462
  • Previous Sale Recording Date: Jul 12, 2007
  • Previous Sale Contract Date: Jun 20, 2007
  • Previous Sale Amount: $115,875
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIRST OPTION MORTGAGE LLC
  • First Mortgage Transaction Date: May 16, 2016
  • First Mortgage Loan Amount: $159,310
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Jun 01, 2046

    Previous Mortgages

  • Previous Mortgage Lender: FIRST ALLIANCE CU
  • Previous Mortgage Transaction Date: Jul 12, 2007
  • Previous Mortgage Loan Amount: $115,375
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jul 01, 2037

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Frequently Asked Questions

What neighborhood is 1040 5th Avenue Southeast located in?
The 1040 5th Avenue Southeast is a located in the neighborhood of Slatterly Park in Slatterly Park, Rochester.
What is the average sales price for listings in 1040 5th Avenue Southeast?
The average sales price for units in 1040 5th Avenue Southeast is $0 currently.

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