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3221 Colorado Avenue

3221 Colorado Avenue, Minneapolis, MN 55416
Property in Lenox
Sold Sep 22, 2021
$348,000
$341,696 by Pennymac Loan Services Llc
Mortgage Due Oct 01, 2051
Sold Apr 26, 2021
$230,000
$5,000,000 by Sunrise Banks Na
Mortgage
3221 Colorado Avenue in Minneapolis, MN was first built in 1947 and is 77 years old. Although, the building on the property was most recently renovated and altered in 1962. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a style that we are currently unable to determine. There are a total of 2 floors. There are a total of 8 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 3221 Colorado Avenue has 1,260 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 500 ft and the linear feet between the front and back of the lot is 1,310. In total, the area measurement of the land is 6,534 square feet.

Learn more about the property and building on this page. The home has a gable style roof made of asphalt. For those who need parking, there is a detached garage. The garage is 240 sqft. There are a total of 2 available parking spaces. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. The exterior walls of the home are made of materials we are unsure of. While the interior walls are made of wood. Walk inside and you'll find flooring throughout the home. Walk into the home itself and you'll find that it is currently being cooled with a packaged air conditioning unit. As for heating, the home is utilizing floor/wall heating system and being fueled with electricity. 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, 3221 Colorado Avenue sold most recently in Sep 21, 2021 for a total of $348,000. If you work out the math, that's approximately a cost of $276.19 per sqft. Before that, the property was also sold for $230,000 in Apr 23, 2021. 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 $4,401 in taxes each year. 3221 Colorado Avenue was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $337,800. If we break it down further, the land itself was valued at $137,400. Improvements to the property, however, were assessed at a total of $200,400. The property's total market value has been marked the same as the total assessed value which is pretty typical. 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. 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: 1947
  • Effective Year Built: 1962
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Construction Type: Frame
  • Building Style: Other
  • Exterior Walls Type: Other
  • Interior Walls Type: Wood
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 1
  • Floor Cover: Wood
  • Basement Type: Unspecified basement
  • Basement Area: 420
  • Garage Type: Detached
  • Garage Square Area: 240
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 6,534
  • Lot Size Depth Feet: 1,310
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,260
  • Gross Building Area: 1,680
  • Building Area: 1,260
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Packed air conditioning unit
  • Heating: Floor/wall
  • Heated Square Feet: 1,260
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: ROXBURY PARK
  • Land Acres: 0.15
  • Standard Land Use Code: Single family residential
  • Legal Description 1: 025 001 ROXBURY PARK 50 X 130.7

Ownership

  • Current Owner : RACKNER JASON
  • Current Owner 2: RACKNER PAULA MAY
  • Previous Owner : MS RELOCATION SERVICES
  • Owner Before Previous Owner: UNANGST TANYA
  • Owner Before Previous Owner 2: UNANGST BRADLEY
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: St. Louis Park Public School District
  • School Tax School District: ST LOUIS PARK
  • Census Tract: 122600

Geography

  • Assessors Map Reference: MB:52020
  • District: 46
  • Parcel: 16-117-21-23-0091
  • Block: 1
  • Lot: 25
  • Meridian: SEC 16 QTR 23 TWN 117 RNG 21
  • Municipality: ST. LOUIS PARK
  • Latitude: 44.9459
  • Longitude: -93.3587

    Address

  • Full Address: 3221 Colorado Ave S
  • Address - House Number: 3221
  • Street Segment Direction: S
  • Address - Street Name: Colorado
  • Address - Suffix Type: Ave
  • State: MN
  • City Name: Minneapolis
  • Carrier Code: C013
  • 4-Digit Zip Code: 2052
  • Zip Code: 55416

Valuation

    Tax

  • Total Area: 2,100
  • Tax Year: 2023
  • Tax Amount: $4,401

    Appraisal Valuation

  • Standard Deviation: 0.1652
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 79
  • Final Value: 377,829
  • High Value: 440,251
  • Low Value: 315,407

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $683,393
  • First Open Lien Mortgage Lender: PENNYMAC LOAN SERVICES LLC
  • First Open Lien Mortgage Recording Date: Sep 22, 2021
  • First Open Lien Mortgage Loan Amount: $341,696
  • 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: Oct 01, 2051
  • Second Open Lien Mortgage Loan Amount: $341,697
  • Second Open Lien Mortgage Position: 2

    Market Valuation

  • Market Total Value: $337,800
  • Market Land Value: $137,400
  • Market Improvement Value: $200,400

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $337,800
  • Assessed Land Value: $137,400
  • Assessed Improvements Value: $200,400

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 21, 2021
  • Current Sale Recording Date: Sep 22, 2021
  • Current Sale Transaction ID: 11858117685
  • Current Sale Price: $348,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: T05879039
  • Previous Sale Recording Date: Apr 26, 2021
  • Previous Sale Contract Date: Apr 23, 2021
  • Previous Sale Amount: $230,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: PENNYMAC LOAN SERVICES LLC
  • First Mortgage Transaction Date: Sep 22, 2021
  • First Mortgage Loan Amount: $341,696
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Oct 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: SUNRISE BANKS NA
  • Previous Mortgage Transaction Date: Apr 26, 2021
  • Previous Mortgage Financing Type: Variable
  • Previous Mortgage Loan Amount: $5,000,000
  • Previous Mortgage Loan Type: Credit Line (Revolving)

About Lenox



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Frequently Asked Questions

What neighborhood is 3221 Colorado Avenue located in?
The 3221 Colorado Avenue is a located in the neighborhood of Lenox in Lenox, Minneapolis.
What is the average sales price for listings in 3221 Colorado Avenue?
The average sales price for units in 3221 Colorado Avenue is $0 currently.

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