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227 Groveland Avenue

227 Groveland Avenue, Minneapolis, MN 55403
Property in Stevens Square
Sold Nov 25, 2020
$442,500
$292,500 by Lake Area Mortgage
Mortgage Due Nov 01, 2050
Sold Nov 23, 2015
$442,700
$391,500 by Gold Star Mortgage Financial G
Mortgage Due Nov 01, 2045
227 Groveland Avenue has been categorized by the local assessors in Minneapolis, MN as a residential type of property. The building on the property was first built in 2002 and is 22 years old. The home has a total of 8 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to 4 full bathrooms. There are 4 partial bathrooms in the home. The building has a total of 2 stories. In addition, 227 Groveland Avenue has 2,430 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 71,127 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a condo style.

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 underground or in the basement for those who require parking. Moving on to the building itself. The condition of the building has been evaluated as average. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with wood control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The building has a flat style roof. The exterior walls of the building are made of wood. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a forced air unit. There is a single fireplace in the home. Perfect for those wintery nights. The property was last sold in Oct 30, 2020 for $442,500. That's $182.10 per sqft. Prior to that sales transaction, the property was also sold in Oct 23, 2015 for $442,700. 227 Groveland Avenue was last assessed in 2022. The total value of the property was assessed at $470,000. Specifically, the land the property is located on was valued at $42,000. While improvements on the property were assessed at a total of $428,000. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $6,135. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2002
  • Effective Year Built: 2002
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Wood
  • Building Style: Condo
  • Exterior Walls Type: Wood
  • Roof Shape Type: Flat
  • Floor Count: 2
  • Basement Type: Unspecified basement
  • Basement Area: 622
  • Garage Type: Underground/basement
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 71,127
  • Total Building Area: 2,430
  • Building Area: 2,430
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 2,430
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: CIC NO 0826 LOWRY RIDGE TOWNHOMES
  • Land Acres: 1.633
  • Standard Land Use Code: Condominium unit (residential)
  • Legal Description 1: CIC NO 0826 LOWRY RIDGE TOWNHOMES UNIT NO 227 IRREGULAR

Ownership

  • Current Owner : BERGLUND JESSE D
  • Previous Owner : BENNING DAVID M
  • Previous Owner 2: BENNING SARA J
  • Owner Before Previous Owner: JORGENSEN MARK ALLAN
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Minneapolis Public School District
  • School Tax School District: MINNEAPOLIS
  • Census Tract: 105600

Zoning

  • Zoning: OR1

Geography

  • Assessors Map Reference: MB:06386
  • District: 01
  • Parcel: 27-029-24-34-0124
  • Meridian: SEC 27 QTR 34 TWN 029 RNG 24
  • Municipality: MINNEAPOLIS
  • Latitude: 44.9644
  • Longitude: -93.282

    Address

  • Full Address: 227 Groveland Ave
  • Legal Unit: 227
  • Address - House Number: 227
  • Address - Street Name: Groveland
  • Address - Suffix Type: Ave
  • State: MN
  • City Name: Minneapolis
  • Carrier Code: C010
  • 4-Digit Zip Code: 3504
  • Zip Code: 55403

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $6,135

    Appraisal Valuation

  • Standard Deviation: 0.1456
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 82
  • Final Value: 492,005
  • High Value: 563,652
  • Low Value: 420,359

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $735,000
  • First Open Lien Mortgage Lender: LAKE AREA MORTGAGE
  • First Open Lien Mortgage Recording Date: Nov 25, 2020
  • First Open Lien Mortgage Loan Amount: $292,500
  • 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: Nov 01, 2050
  • Second Open Lien Mortgage Loan Amount: $442,500
  • Second Open Lien Mortgage Position: 2

    Market Valuation

  • Market Total Value: $470,000
  • Market Land Value: $42,000
  • Market Improvement Value: $428,000

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $470,000
  • Assessed Land Value: $42,000
  • Assessed Improvements Value: $428,000

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 30, 2020
  • Current Sale Recording Date: Nov 25, 2020
  • Current Sale Transaction ID: 11807803160
  • Current Sale Price: $442,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: A10876914
  • Previous Sale Recording Date: Nov 23, 2015
  • Previous Sale Contract Date: Oct 23, 2015
  • Previous Sale Amount: $442,700
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: LAKE AREA MORTGAGE
  • First Mortgage Transaction Date: Nov 25, 2020
  • First Mortgage Loan Amount: $292,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: GOLD STAR MORTGAGE FINANCIAL G
  • Previous Mortgage Transaction Date: Nov 23, 2015
  • Previous Mortgage Loan Amount: $391,500
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Nov 01, 2045

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Frequently Asked Questions

What neighborhood is 227 Groveland Avenue located in?
The 227 Groveland Avenue is a located in the neighborhood of Stevens Square in Central Minneapolis, Minneapolis.
What is the average sales price for listings in 227 Groveland Avenue?
The average sales price for units in 227 Groveland Avenue is $0 currently.

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