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1040 Zanzibar Lane North

1040 Zanzibar Lane North, Minneapolis, MN 55447
Property in Plymouth
Sold Dec 31, 2020
$375,000
$300,000 by Us Bank Na
Mortgage Due Jan 01, 2051
Sold Jul 14, 1999
$130,000
1040 Zanzibar Lane North in Minneapolis, MN was first built in 1977 and is 47 years old. Although, the building on the property was most recently renovated and altered in 1990. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a townhouse style. There are a total of 6 rooms in the home, of which, 2 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 3 partial bathrooms. 1040 Zanzibar Lane North has 1,004 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 5,227 square feet.

Learn more about the property and building on this page. There is a unknown and a patio. The home has a gable style roof made of asphalt. For those who need parking, there is a attached garage. The garage is 480 sqft. There are a total of 9 available parking spaces. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as average. The exterior walls of the home are made of materials we are unsure of. While the interior walls are made of gypsum boards such as those made of drywall, sheetrock, etc. Walk inside and you'll find flooring throughout the home. Walk into the home itself and you'll find that it is currently being cooled with a packaged air conditioning unit. As for heating, the home is utilizing a space/suspended heating system. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 1040 Zanzibar Lane North sold most recently in Nov 24, 2020 for a total of $375,000. If you work out the math, that's approximately a cost of $373.51 per sqft. Before that, the property was also sold for $130,000 in Jun 3, 1999. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $4,000 in taxes each year. 1040 Zanzibar Lane North was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $348,000. If we break it down further, the land itself was valued at $104,000. Improvements to the property, however, were assessed at a total of $244,000. The property's total market value has been marked the same as the total assessed value which is pretty typical. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1977
  • Effective Year Built: 1990
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Townhouse
  • Exterior Walls Type: Other
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Living Units: 1
  • Floor Cover: Wood
  • Basement Type: Unfinished basement
  • Basement Area: 475
  • Garage Type: Attached
  • Garage Square Area: 480
  • Parking Space Count: 9
  • Patio Type: Patio

    Dimensions

  • Lot Size Square Feet: 5,227
  • Total Building Area: 1,004
  • Gross Building Area: 1,479
  • Building Area: 1,004
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Packed air conditioning unit
  • Heating: Space/suspended
  • Heated Square Feet: 1,004
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: CIMARRON PONDS 2ND ADDN
  • Land Acres: 0.12
  • Standard Land Use Code: Townhouse (residential)
  • Legal Description 1: 022 002 CIMARRON PONDS 2ND ADDN TOWNHOUSE

Ownership

  • Current Owner : LIPPITT DAVID
  • Current Owner 2: LIPPITT LINDA
  • Previous Owner : STONE CHARLES S
  • Previous Owner 2: STONE BONNIE A
  • Owner Before Previous Owner: PETERS BERNICE I
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Wayzata Public School District
  • School Tax School District: WAYZATA
  • Census Tract: 026610

Geography

  • Assessors Map Reference: MB:43946
  • District: 40
  • Parcel: 32-118-22-12-0065
  • Block: 2
  • Lot: 22
  • Meridian: SEC 32 QTR 12 TWN 118 RNG 22
  • Municipality: PLYMOUTH
  • Latitude: 44.9902
  • Longitude: -93.4877

    Address

  • Full Address: 1040 Zanzibar Ln N
  • Address - House Number: 1040
  • Street Segment Direction: N
  • Address - Street Name: Zanzibar
  • Address - Suffix Type: Ln
  • State: MN
  • City Name: Minneapolis
  • Carrier Code: C010
  • 4-Digit Zip Code: 3140
  • Zip Code: 55447

Valuation

    Tax

  • Total Area: 1,532
  • Tax Year: 2023
  • Tax Amount: $4,000

    Appraisal Valuation

  • Standard Deviation: 0.1637
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 79
  • Final Value: 393,293
  • High Value: 457,690
  • Low Value: 328,895

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $600,000
  • First Open Lien Mortgage Lender: US BANK NA
  • First Open Lien Mortgage Recording Date: Dec 31, 2020
  • First Open Lien Mortgage Loan Amount: $300,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jan 01, 2051
  • Second Open Lien Mortgage Loan Amount: $300,000
  • Second Open Lien Mortgage Position: 2

    Market Valuation

  • Market Total Value: $348,000
  • Market Land Value: $104,000
  • Market Improvement Value: $244,000

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $348,000
  • Assessed Land Value: $104,000
  • Assessed Improvements Value: $244,000

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 24, 2020
  • Current Sale Recording Date: Dec 31, 2020
  • Current Sale Transaction ID: 11815129533
  • Current Sale Price: $375,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: T05786991
  • Previous Sale Recording Date: Jul 14, 1999
  • Previous Sale Contract Date: Jun 03, 1999
  • Previous Sale Amount: $130,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: US BANK NA
  • First Mortgage Transaction Date: Dec 31, 2020
  • First Mortgage Loan Amount: $300,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jan 01, 2051

About Plymouth - Wayzata



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Frequently Asked Questions

What neighborhood is 1040 Zanzibar Lane North located in?
The 1040 Zanzibar Lane North is a located in the neighborhood of Plymouth in Plymouth - Wayzata, Minneapolis.
What is the average sales price for listings in 1040 Zanzibar Lane North?
The average sales price for units in 1040 Zanzibar Lane North is $0 currently.

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