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3112 Magnolia Drive

3112 Magnolia Drive, Hamel, MN 55340
Property in Medina
Sold Nov 09, 2021
$788,500
$548,250 by American Equity Bank
Mortgage Due Dec 01, 2051
Sold Dec 30, 2015
$626,838
$417,000 by Universal American Mortgage Co
Mortgage Due Jan 01, 2046
3112 Magnolia Drive has been categorized by the local assessors in Hamel, MN as a residential type of property. The building on the property was first built in 2015 and is 9 years old. The home has a total of 11 rooms. 5 of these rooms are legally considered as bedrooms. Residents will have access to one full bathroom. There are 3 partial bathrooms in the home. The building has a total of 2 stories. In addition, 3112 Magnolia Drive has 2,858 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 10,454 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 attached garage for those who require parking. The garage measured 720 sqft. According to our sources, there are a total of 3 available parking spaces. Residents will have the luxury of enjoying a unknown. Moving on to the building itself. The condition of the building has been evaluated as good. 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. From what we've gathered, the quality of these control joints have been graded with a letter grade of B+ by the local assessor. The building has a gable style roof made of asphalt. The exterior walls of the building are made of a material which is produced from two or more constituent materials. While the interior walls have been made of gypsum boards such as those made of drywall, sheetrock, etc. 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 a space/suspended heating system. There is a single fireplace in the home. Perfect for those wintery nights. 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, 3112 Magnolia Drive sold most recently in Nov 5, 2021 for a total of $788,500. If you work out the math, that's approximately a cost of $275.89 per sqft. Before that, the property was also sold for $626,838 in Dec 28, 2015. 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 $8,563 in taxes each year. 3112 Magnolia Drive was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $764,000. If we break it down further, the land itself was valued at $219,000. Improvements to the property, however, were assessed at a total of $545,000. The property's total market value has been marked the same as the total assessed value which is pretty typical. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!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: 2015
  • Effective Year Built: 2015
  • Building Count: 2
  • Total Rooms: 11
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 1
  • Partial Bathrooms: 3
  • Building Condition: Good
  • Building Quality: B+
  • Construction Type: Frame
  • Building Style: Other
  • Exterior Walls Type: Composition
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 1
  • Floor Cover: Carpet
  • Basement Type: Unfinished basement
  • Basement Area: 996
  • Garage Type: Attached
  • Garage Square Area: 720
  • Parking Space Count: 3

    Dimensions

  • Lot Size Square Feet: 10,454
  • Lot Size Depth Feet: 1,270
  • Total Building Area: 2,858
  • Gross Building Area: 3,854
  • Building Area: 2,858
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Packed air conditioning unit
  • Heating: Space/suspended
  • Heated Square Feet: 2,858
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: THE ENCLAVE AT MEDINA 3RD ADDN
  • Land Acres: 0.24
  • Standard Land Use Code: Single family residential
  • Legal Description 1: 005 001 THE ENCLAVE AT MEDINA 3RD ADDN W81X127X76X139

Ownership

  • Current Owner : PASKO TODD
  • Previous Owner : CAMPBELL RUSSELL
  • Previous Owner 2: CAMPBELL DANA
  • Owner Before Previous Owner: U S HOME CORPORATION
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Wayzata Public School District
  • School Tax School District: WAYZATA
  • Census Tract: 027101

Geography

  • Assessors Map Reference: MB:09796
  • District: 80
  • Parcel: 13-118-23-12-0040
  • Block: 1
  • Lot: 5
  • Meridian: SEC 13 QTR 12 TWN 118 RNG 23
  • Municipality: MEDINA
  • Latitude: 45.0346
  • Longitude: -93.5289

    Address

  • Full Address: 3112 Magnolia Dr
  • Address - House Number: 3112
  • Address - Street Name: Magnolia
  • Address - Suffix Type: Dr
  • State: MN
  • City Name: Hamel
  • Carrier Code: R004
  • 4-Digit Zip Code: 9015
  • Zip Code: 55340

Valuation

    Tax

  • Total Area: 4,305
  • Tax Year: 2023
  • Tax Amount: $8,563

    Appraisal Valuation

  • Standard Deviation: 0.1664
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 78
  • Final Value: 834,918
  • High Value: 973,926
  • Low Value: 695,910

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $548,250
  • First Open Lien Mortgage Lender: AMERICAN EQUITY BANK
  • First Open Lien Mortgage Recording Date: Nov 09, 2021
  • First Open Lien Mortgage Loan Amount: $548,250
  • 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: Dec 01, 2051

    Market Valuation

  • Market Total Value: $764,000
  • Market Land Value: $219,000
  • Market Improvement Value: $545,000

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $764,000
  • Assessed Land Value: $219,000
  • Assessed Improvements Value: $545,000

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 05, 2021
  • Current Sale Recording Date: Nov 09, 2021
  • Current Sale Transaction ID: 11868614576
  • Current Sale Price: $788,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: A11042158
  • Previous Sale Recording Date: Dec 30, 2015
  • Previous Sale Contract Date: Dec 28, 2015
  • Previous Sale Amount: $626,838
  • Previous Sale Document Type: Limited Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: AMERICAN EQUITY BANK
  • First Mortgage Transaction Date: Nov 09, 2021
  • First Mortgage Loan Amount: $548,250
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Dec 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: UNIVERSAL AMERICAN MORTGAGE CO
  • Previous Mortgage Transaction Date: Dec 30, 2015
  • Previous Mortgage Loan Amount: $417,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jan 01, 2046

About Plymouth - Wayzata



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18445 58th Avenue N, Plymouth, MN, 55446 Listing by Riyaz Thadathil

Frequently Asked Questions

What neighborhood is 3112 Magnolia Drive located in?
The 3112 Magnolia Drive is a located in the neighborhood of Medina in Plymouth - Wayzata, Hamel.
What is the average sales price for listings in 3112 Magnolia Drive?
The average sales price for units in 3112 Magnolia Drive is $0 currently.

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