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3020 Salem Avenue South

3020 Salem Avenue South, Minneapolis, MN 55416
Property in Triangle
Sold May 10, 2021
$525,000
$509,250 by Baxter Cu
Mortgage Due Jun 01, 2051
Sold Jun 05, 2017
$414,000
$84,000 by Bell Bank
Mortgage Due Jun 01, 2047
3020 Salem Avenue South 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 1925 and is 99 years old. However, we must point out that the home was most recently renovated and altered in 2010. The home has a total of 11 rooms. 5 of these rooms are legally considered as bedrooms. Residents will have access to 3 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 2 stories. In addition, 3020 Salem Avenue South has 2,284 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,440 ft and across the front of the lot is 400 ft. The area measurement of the land has been determined as 5,663 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a style that we are currently unable to determine.

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 detached garage for those who require parking. The garage measured 484 sqft. According to our sources, there are a total of 4 available parking spaces. Residents will have the luxury of enjoying a unknown. 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 frame control joints. The building has a gable style roof made of asphalt. The exterior walls of the building are made of metal. While the interior walls have been made of plaster. As for the floors, you'll see that the home has flooring throughout. The inside of the home is being cooled with a packaged air conditioning unit at the moment. In terms of heating, it is utilizing floor/wall heating system and being fueled with electricity. The property was last sold in Apr 28, 2021 for $525,000. That's $229.86 per sqft. Prior to that sales transaction, the property was also sold in May 22, 2017 for $414,000. 3020 Salem Avenue South was last assessed in 2022. The total value of the property was assessed at $515,200. Specifically, the land the property is located on was valued at $142,400. While improvements on the property were assessed at a total of $372,800. 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 $6,741. 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. 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: 1925
  • Effective Year Built: 2010
  • Total Rooms: 11
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Construction Type: Frame
  • Building Style: Other
  • Exterior Walls Type: Metal
  • Interior Walls Type: Plaster
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 1
  • Floor Cover: Carpet
  • Basement Type: Unspecified basement
  • Basement Area: 771
  • Garage Type: Detached
  • Garage Square Area: 484
  • Parking Space Count: 4

    Dimensions

  • Lot Size Square Feet: 5,663
  • Lot Size Depth Feet: 1,440
  • Lot Size Frontage Feet: 400
  • Total Building Area: 2,284
  • Gross Building Area: 3,055
  • Building Area: 2,284
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Packed air conditioning unit
  • Heating: Floor/wall
  • Heated Square Feet: 2,284
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: LATHAMS MINNETONKA BLVD TRACT
  • Land Acres: 0.13
  • Standard Land Use Code: Single family residential
  • Legal Description 1: 023 005 LATHAMS MINNETONKA BLVD TRACT 40 X 143.82

Ownership

  • Current Owner : OBORSKY BENJAMIN
  • Previous Owner : WATERS ANDREW
  • Previous Owner 2: WATERS DEVORAH N
  • Owner Before Previous Owner: GOLDSMITH NEIL S
  • Owner Before Previous Owner 2: GOLDSMITH ELNA H
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: St. Louis Park Public School District
  • School Tax School District: ST LOUIS PARK
  • Census Tract: 022802

Geography

  • Assessors Map Reference: MB:51260
  • District: 46
  • Subdivision Tract Number: 40
  • Parcel: 06-028-24-22-0049
  • Block: 5
  • Lot: 23
  • Meridian: SEC 06 QTR 22 TWN 028 RNG 24
  • Municipality: ST. LOUIS PARK
  • Latitude: 44.9477
  • Longitude: -93.346

    Address

  • Full Address: 3020 Salem Ave
  • Address - House Number: 3020
  • Address - Street Name: Salem
  • Address - Suffix Type: Ave
  • State: MN
  • City Name: Minneapolis
  • Carrier Code: C031
  • 4-Digit Zip Code: 2111
  • Zip Code: 55416

Valuation

    Tax

  • Total Area: 2,396
  • Tax Year: 2023
  • Tax Amount: $6,741

    Appraisal Valuation

  • Standard Deviation: 0.1638
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 79
  • Final Value: 606,900
  • High Value: 706,360
  • Low Value: 507,440

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $509,250
  • First Open Lien Mortgage Lender: BAXTER CU
  • First Open Lien Mortgage Recording Date: May 10, 2021
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $509,250
  • 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: Jun 01, 2051

    Market Valuation

  • Market Total Value: $515,200
  • Market Land Value: $142,400
  • Market Improvement Value: $372,800

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $515,200
  • Assessed Land Value: $142,400
  • Assessed Improvements Value: $372,800

    Sales

  • Current Sale Contract Date: Apr 28, 2021
  • Current Sale Recording Date: May 10, 2021
  • Current Sale Transaction ID: 11836168516
  • Current Sale Price: $525,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: A10959481
  • Previous Sale Recording Date: Jun 05, 2017
  • Previous Sale Contract Date: May 22, 2017
  • Previous Sale Amount: $414,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: BAXTER CU
  • First Mortgage Transaction Date: May 10, 2021
  • First Mortgage Loan Amount: $509,250
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2051

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: BELL BANK
  • Previous Mortgage Transaction Date: Jun 05, 2017
  • Previous Mortgage Loan Amount: $84,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jun 01, 2047

About Triangle



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Frequently Asked Questions

What neighborhood is 3020 Salem Avenue South located in?
The 3020 Salem Avenue South is a located in the neighborhood of Triangle in Triangle, Minneapolis.
What is the average sales price for listings in 3020 Salem Avenue South?
The average sales price for units in 3020 Salem Avenue South is $0 currently.

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