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1240 4th Avenue East

1240 4th Avenue East, Shakopee, MN 55379
Property in Shakopee
Sold Dec 04, 2003
$1,690,000
$1,700,000 by Royal Cu
Mortgage Due Mar 15, 2046
1240 4th Avenue East has been categorized by the local assessors in Shakopee, MN as a residential type of property. The building on the property was first built in 1971 and is 53 years old. The home has a total of 20 bedrooms. There are 24 partial bathrooms in the home. The area measurement of the land has been determined as 60,113 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 garage for those who require parking. The garage measured 6,435 sqft. The building has a flat style roof made of asphalt and ply sheets in a built-up roof style. In terms of heating, it is utilizing a space/suspended heating system. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 1240 4th Avenue East was last sold in Nov 21, 2003 for $1,690,000. According to our calculations, that's $99.53 per sqft. Current property owners are expected to pay $40,582 in taxes per year. The property on 1240 4th Avenue East was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $3,194,500. To break that down further, the land itself was valued at $360,000. While improvements to the property were assessed at a total of $2,834,500. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1971
  • Effective Year Built: 1971
  • Bedroom Count: 20
  • Bathroom Count: 24
  • Partial Bathrooms: 24
  • Roof Shape Type: Flat
  • Roof Cover Type: Built-up
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 6,435
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 60,113
  • Total Building Area: 16,980
  • Gross Building Area: 16,980
  • Building Area: 16,980
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Space/suspended
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 1.38
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: SECTION 06 TOWNSHIP 115 RANGE 022 E 180' OF W 380' OF N 333' OF W3/4 NW1/4 SE1/4

Ownership

  • Current Owner : CHANDRADAT RAKESH
  • Current Owner 2: CHANDRADAT PHULMATTIE
  • Previous Owner : LINDSTROM RICHARD L
  • Previous Owner 2: REARDON LAURENCE V
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Shakopee Public School District
  • School Tax School District: SHAKOPEE
  • School Tax District Code 2: CTY- SHAKOPEE
  • School Tax District Code 3: LWR MN RIVER WS
  • Census Tract: 080303

Geography

  • District: 1000
  • Parcel: 27-906017-0
  • Meridian: SEC 6 TWN 115N RNG 22W
  • Municipality: CITY OF SHAKOPEE
  • Latitude: 44.7969
  • Longitude: -93.5091

    Address

  • Full Address: 1240 4th Ave E
  • Address - House Number: 1240
  • Street Segment Direction: E
  • Address - Street Name: 4th
  • Address - Suffix Type: Ave
  • State: MN
  • City Name: Shakopee
  • Carrier Code: C005
  • 4-Digit Zip Code: 1677
  • Zip Code: 55379

Valuation

    Tax

  • Total Area: 8,490
  • Tax Year: 2023
  • Tax Amount: $40,582
  • Tax Rate Code Area: 2204

    Appraisal Valuation

  • Standard Deviation: 0.2502
  • Valuation Date: Sep 13, 2023
  • Confidence Score: 49
  • Final Value: 2,615,954
  • High Value: 3,270,567
  • Low Value: 1,961,340

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,700,000
  • First Open Lien Mortgage Lender: ROYAL CU
  • First Open Lien Mortgage Recording Date: Mar 20, 2021
  • First Open Lien Mortgage Loan Amount: $1,700,000
  • First Open Lien Mortgage Term: 299
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial
  • First Open Lien Mortgage Loan Due Date: Mar 15, 2046

    Market Valuation

  • Market Total Value: $3,194,500
  • Market Land Value: $360,000
  • Market Improvement Value: $2,834,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $3,194,500
  • Assessed Land Value: $360,000
  • Assessed Improvements Value: $2,834,500

    Sales

  • Current Sale Contract Date: Nov 21, 2003
  • Current Sale Recording Date: Dec 04, 2003
  • Current Sale Transaction ID: 1109391804
  • Current Sale Price: $1,690,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 42893

About Shakopee



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Frequently Asked Questions

What neighborhood is 1240 4th Avenue East located in?
The 1240 4th Avenue East is a located in the neighborhood of Shakopee in Shakopee, Shakopee.
What is the average sales price for listings in 1240 4th Avenue East?
The average sales price for units in 1240 4th Avenue East is $0 currently.

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