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1612 Lyn Park Avenue North

1612 Lyn Park Avenue North, Minneapolis, MN 55411
Property in Near North
Sold Jan 12, 2017
$205,000
$201,286 by Alerus Financial Na
Mortgage Due Nov 01, 2046
Sold Aug 19, 2016
$127,400
Local assessors in Minneapolis, MN have categorized 1612 Lyn Park Avenue North as a residential type of property. The home was built in 1978 and is 46 years old. The property's lot size has been calculated to be 12,632 square feet. The linear feet between the front and back of the lot was measured at 1,790 ft and the front of the lot was measured at 700 ft. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 9 rooms in the home. Of these, 4 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 2 full bathrooms. There are also 2 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 1612 Lyn Park Avenue North has a total of 1,048 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a detached garage for those who need a place to park their vehicle. There are 2 available parking spaces so it's a great situation for those with more than one car. Moving onto specific details regarding the building. Our sources show that the building condition is average. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with wood control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. The building has a gable style roof that was made of asphalt. Lots of wood were used in the construction of the exterior walls of the home. Residents rely on air conditioning for their cooling system. The home's a forced air unit is the primary heating source. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. 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, 1612 Lyn Park Avenue North sold most recently in Oct 21, 2016 for a total of $205,000. If you work out the math, that's approximately a cost of $195.61 per sqft. Before that, the property was also sold for $127,400 in Apr 12, 2016. 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 $3,937 in taxes each year. 1612 Lyn Park Avenue North was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $280,000. If we break it down further, the land itself was valued at $38,000. Improvements to the property, however, were assessed at a total of $242,000. The property's total market value has been marked the same as the total assessed value which is pretty typical. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.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: 1978
  • Effective Year Built: 1978
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Wood
  • Exterior Walls Type: Wood
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Basement Type: Unspecified basement
  • Basement Area: 1,048
  • Garage Type: Detached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 12,632
  • Lot Size Depth Feet: 1,790
  • Lot Size Frontage Feet: 700
  • Total Building Area: 1,048
  • Building Area: 1,048
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 1,048
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: LYN PARK ADDN
  • Land Acres: 0.29
  • Standard Land Use Code: Single family residential
  • Legal Description 1: 007 003 LYN PARK ADDN 70X179X70X174

Ownership

  • Current Owner : RAINEY LISA LOUISE
  • Previous Owner : ANDERSON DAVID
  • Previous Owner 2: ANDERSON PAULA
  • Owner Before Previous Owner: NRZ REO INVENTORY CORP
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Minneapolis Public School District
  • School Tax School District: MINNEAPOLIS
  • Census Tract: 126300

Zoning

  • Zoning: R1

Geography

  • Assessors Map Reference: MB:07525
  • District: 01
  • Parcel: 15-029-24-32-0101
  • Block: 3
  • Lot: 7
  • Meridian: SEC 15 QTR 32 TWN 029 RNG 24
  • Municipality: MINNEAPOLIS
  • Latitude: 44.996
  • Longitude: -93.286

    Address

  • Full Address: 1612 Lyn Park Ave N
  • Address - House Number: 1612
  • Street Segment Direction: N
  • Address - Street Name: Lyn Park
  • Address - Suffix Type: Ave
  • State: MN
  • City Name: Minneapolis
  • Carrier Code: C004
  • 4-Digit Zip Code: 3362
  • Zip Code: 55411

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,937

    Appraisal Valuation

  • Standard Deviation: 0.1518
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 81
  • Final Value: 324,830
  • High Value: 374,159
  • Low Value: 275,501

    Open Liens

  • Total Open Liens: 3
  • Total Open Liens Amount: $215,206
  • First Open Lien Mortgage Lender: ALERUS FINANCIAL NA
  • First Open Lien Mortgage Recording Date: Jan 12, 2017
  • First Open Lien Mortgage Loan Amount: $201,286
  • 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: Nov 01, 2046
  • Second Open Lien Mortgage Lender: ALERUS FINANCIAL NA
  • Second Open Lien Mortgage Recording Date: Jan 12, 2017
  • Second Open Lien Mortgage Loan Amount: $7,500
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Due Date: Nov 01, 2046
  • Third Open Lien Mortgage Lender: SECRETARY/HOUSING & URBAN DEV
  • Third Open Lien Mortgage Recording Date: Mar 07, 2023
  • Third Open Lien Mortgage Loan Amount: $6,420
  • Third Open Lien Mortgage Term: 283
  • Third Open Lien Mortgage Position: 3
  • Third Open Lien Mortgage Loan Type: FHA
  • Third Open Lien Mortgage Loan Due Date: Nov 01, 2046

    Market Valuation

  • Market Total Value: $280,000
  • Market Land Value: $38,000
  • Market Improvement Value: $242,000

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $280,000
  • Assessed Land Value: $38,000
  • Assessed Improvements Value: $242,000

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 21, 2016
  • Current Sale Recording Date: Jan 12, 2017
  • Current Sale Transaction ID: 1998034852
  • Current Sale Price: $205,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: T05415981
  • Previous Sale Recording Date: Aug 19, 2016
  • Previous Sale Contract Date: Apr 12, 2016
  • Previous Sale Amount: $127,400
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: ALERUS FINANCIAL NA
  • First Mortgage Transaction Date: Jan 12, 2017
  • First Mortgage Loan Amount: $201,286
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Nov 01, 2046

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Frequently Asked Questions

What neighborhood is 1612 Lyn Park Avenue North located in?
The 1612 Lyn Park Avenue North is a located in the neighborhood of Near North in Near North, Minneapolis.
What is the average sales price for listings in 1612 Lyn Park Avenue North?
The average sales price for units in 1612 Lyn Park Avenue North is $0 currently.

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