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18229 Justice Way

18229 Justice Way, Lakeville, MN 55044
Property in Lakeville
Sold Oct 11, 2021
$675,000
$540,000 by Rocket Mortgage Llc
Mortgage Due Oct 01, 2051
Sold May 29, 2018
$603,384
$400,000 by Alerus Financial Na
Mortgage Due Jun 01, 2048
Local assessors in Lakeville, MN have categorized 18229 Justice Way as a residential type of property. The home was built in 2016 and is 8 years old. The property's lot size has been calculated to be 5,844 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a townhouse style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 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 3 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 18229 Justice Way has a total of 1,772 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 garage for those who need a place to park their vehicle. The garage on the property is 552 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. 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. 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, 18229 Justice Way was last sold in Sep 28, 2021 for $675,000. According to our calculations, that's $380.93 per sqft. Prior to that sales transaction, the property was sold for $603,384 in May 22, 2018. Current property owners are expected to pay $8,012 in taxes per year. The property on 18229 Justice Way was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $706,600. To break that down further, the land itself was valued at $187,000. While improvements to the property were assessed at a total of $519,600. 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. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.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: 2016
  • Effective Year Built: 2016
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Construction Type: Wood
  • Building Style: Townhouse
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 552
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 5,844
  • Total Building Area: 1,772
  • Building Area: 1,772
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,772
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: BELLANTE
  • Land Acres: 0.134
  • Standard Land Use Code: Townhouse (residential)
  • Legal Description 1: 3 2 LOT 3 & N 3.50 FT LOT 4 BLK 2 & INTEREST ATTRIBUTABLE TO COMMON AREA KNOWN AS LOT 11 BLK 2 BELLANTE & OUTLOT B BELLANTE

Ownership

  • Current Owner : THOMPSON JEFFREY M
  • Current Owner 2: THOMPSON MARGARET I
  • Previous Owner : NYHUS PETER A
  • Previous Owner 2: NYHUS NANCY C
  • Owner Before Previous Owner: WESTSTAR PROPERTIES INC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Lakeville Public School District
  • School Tax School District: 194
  • School Tax District Code 2: BLACK DOG
  • Census Tract: 060813

Geography

  • Assessors Map Reference: MB = 13525
  • District: 22
  • Parcel: 22-13525-02-031
  • Block: 2
  • Lot: 31
  • Municipality: LAKEVILLE CITY
  • Latitude: 44.685
  • Longitude: -93.318

    Address

  • Full Address: 18229 Justice Way
  • Address - House Number: 18229
  • Address - Street Name: Justice
  • Address - Suffix Type: Way
  • State: MN
  • City Name: Lakeville
  • Carrier Code: R013
  • 4-Digit Zip Code: 5013
  • Zip Code: 55044

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $8,012

    Appraisal Valuation

  • Standard Deviation: 0.1324
  • Valuation Date: Jun 07, 2023
  • Confidence Score: 84
  • Final Value: 713,458
  • High Value: 807,944
  • Low Value: 618,972

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $540,000
  • First Open Lien Mortgage Lender: ROCKET MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Oct 11, 2021
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $540,000
  • 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: Oct 01, 2051

    Market Valuation

  • Market Total Value: $706,600
  • Market Land Value: $187,000
  • Market Improvement Value: $519,600

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $706,600
  • Assessed Land Value: $187,000
  • Assessed Improvements Value: $519,600

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 28, 2021
  • Current Sale Recording Date: Oct 11, 2021
  • Current Sale Transaction ID: 11859353238
  • Current Sale Price: $675,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 3497505
  • Previous Sale Recording Date: May 29, 2018
  • Previous Sale Contract Date: May 22, 2018
  • Previous Sale Amount: $603,384
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: ROCKET MORTGAGE LLC
  • First Mortgage Transaction Date: Oct 11, 2021
  • First Mortgage Loan Amount: $540,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Oct 01, 2051

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: ALERUS FINANCIAL NA
  • Previous Mortgage Transaction Date: May 29, 2018
  • Previous Mortgage Loan Amount: $400,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jun 01, 2048

About Lakeville



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Frequently Asked Questions

What neighborhood is 18229 Justice Way located in?
The 18229 Justice Way is a located in the neighborhood of Lakeville in Lakeville, Lakeville.
What is the average sales price for listings in 18229 Justice Way?
The average sales price for units in 18229 Justice Way is $0 currently.

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