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11576 85th Place North

11576 85th Place North, Osseo, MN 55369
Property in Maple Grove
Sold Jul 01, 2020
$26,800,000
$14,960,000 by Berkeley Point Capital Llc
Mortgage Due Jul 01, 2030
11576 85th Place North in Osseo, MN was first built in 2018 and is 6 years old. This has been categorized as a residential property type. In total, the area measurement of the land is 4,356 square feet.

Learn more about the property and building on this page. 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 floor/wall heating system and being fueled with electricity. 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, 11576 85th Place North sold most recently in Jul 1, 2020 for a total of $26,800,000. 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 $5,004 in taxes each year. 11576 85th Place North was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $423,800. If we break it down further, the land itself was valued at $108,800. Improvements to the property, however, were assessed at a total of $315,000. The property's total market value has been marked the same as the total assessed value which is pretty typical. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. 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: 2018
  • Effective Year Built: 2018
  • Bedroom Count: 0
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 4,356
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: Packed air conditioning unit
  • Heating: Floor/wall
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: MILLS CREEK
  • Land Acres: 0.1
  • Standard Land Use Code: Single family residential
  • Legal Description 1: 007 004 MILLS CREEK IRREGULAR

Ownership

  • Current Owner : MILLS CREEK SFR OWNER LLC
  • Previous Owner : WEG THE GROVE LLC
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Osseo Public School District
  • School Tax School District: OSSEO
  • Census Tract: 026726

Geography

  • Assessors Map Reference: MB:10574
  • District: 76
  • Parcel: 14-119-22-43-0168
  • Block: 4
  • Lot: 7
  • Meridian: SEC 14 QTR 43 TWN 119 RNG 22
  • Municipality: MAPLE GROVE
  • Latitude: 45.1112
  • Longitude: -93.4277

    Address

  • Full Address: 11576 85th Pl N
  • Address - House Number: 11576
  • Street Segment Direction: N
  • Address - Street Name: 85th
  • Address - Suffix Type: Pl
  • State: MN
  • City Name: Osseo
  • Carrier Code: R028
  • 4-Digit Zip Code: 4140
  • Zip Code: 55369

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $5,004

    Appraisal Valuation

  • Standard Deviation: 0.1147
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 88
  • Final Value: 452,093
  • High Value: 503,984
  • Low Value: 400,202

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $14,960,000
  • First Open Lien Mortgage Lender: BERKELEY POINT CAPITAL LLC
  • First Open Lien Mortgage Recording Date: Jul 01, 2020
  • First Open Lien Mortgage Loan Amount: $14,960,000
  • First Open Lien Mortgage Term: 120
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2030

    Market Valuation

  • Market Total Value: $423,800
  • Market Land Value: $108,800
  • Market Improvement Value: $315,000

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $423,800
  • Assessed Land Value: $108,800
  • Assessed Improvements Value: $315,000

    Sales

  • Current Sale Contract Date: Jul 01, 2020
  • Current Sale Recording Date: Jul 01, 2020
  • Current Sale Transaction ID: 11772824569
  • Current Sale Price: $26,800,000
  • Current Sale Document Type: Limited Warranty Deed
  • Current Sale Input Document Number: A10806888

    Last Sale Mortgage

  • First Mortgage Lender: BERKELEY POINT CAPITAL LLC
  • First Mortgage Transaction Date: Jul 01, 2020
  • First Mortgage Loan Amount: $14,960,000
  • First Mortgage Terms: 120
  • First Mortgage Loan Type: Commercial
  • First Mortgage Loan Due Date: Jul 01, 2030

About Brooklyn Park - Maple Grove



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Nearby Rentals

Unit for rent at 10414 Valley Forge Lane N, Maple Grove, MN, 55369

$2,995 /mo

  • 4 Beds
  • 2 Baths
  • 2,187 ft²
10414 Valley Forge Lane N, Maple Grove, MN, 55369 Listing by Charity Ashpole

Frequently Asked Questions

What neighborhood is 11576 85th Place North located in?
The 11576 85th Place North is a located in the neighborhood of Maple Grove in Brooklyn Park - Maple Grove, Osseo.
What is the average sales price for listings in 11576 85th Place North?
The average sales price for units in 11576 85th Place North is $0 currently.

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