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3401 Park Avenue

3401 Park Avenue, Minneapolis, MN 55407
Property in Central
Sold Aug 04, 2015
$299,900
$294,467 by Alerus Mortgage
Mortgage Due Aug 01, 2045
Local assessors in Minneapolis, MN have categorized 3401 Park Avenue as a residential type of property. The home was built in 1907 and is 117 years old. The property's lot size has been calculated to be 5,663 square feet. The linear feet between the front and back of the lot was measured at 1,170 ft and the front of the lot was measured at 499 ft. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 5 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 3 full bathrooms. There are also 3 partial bathrooms. This is a 3 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 3401 Park Avenue has a total of 2,573 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 detached garage for those who need a place to park their vehicle. There are 2 available parking spaces so it's a great situation for those with more than one car. Do you like to entertain? The home has a unknown so you'll have a great option in the front of the home. Moving onto specific details regarding the building. Our sources show that the building condition is average. 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. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C-. The building has a gable style roof that was made of asphalt. Lots of materials we are unsure of were used in the construction of the exterior walls of the home. The home's a hot water heating system is the primary heating source. 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, 3401 Park Avenue sold most recently in Jul 14, 2015 for a total of $299,900. If you work out the math, that's approximately a cost of $116.56 per sqft. 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 $5,432 in taxes each year. 3401 Park Avenue was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $363,000. If we break it down further, the land itself was valued at $67,000. Improvements to the property, however, were assessed at a total of $296,000. The property's total market value has been marked the same as the total assessed value which is pretty typical. 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. 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: 1907
  • Effective Year Built: 1907
  • Total Rooms: 5
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: C-
  • Construction Type: Wood
  • Exterior Walls Type: Other
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Floor Count: 3
  • Basement Type: Unspecified basement
  • Basement Area: 1,039
  • Garage Type: Detached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 5,663
  • Lot Size Depth Feet: 1,170
  • Lot Size Frontage Feet: 499
  • Total Building Area: 2,573
  • Building Area: 2,573
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Hot water
  • Heated Square Feet: 2,573
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: CHICAGO AVE ADDN TO MPLS
  • Land Acres: 0.13
  • Standard Land Use Code: Single family residential
  • Legal Description 1: 024 002 CHICAGO AVE ADDN TO MPLS 49.90 X 117.40

Ownership

  • Current Owner : CRESS NATHAN JOHN
  • Current Owner 2: GIBSON ERIC D
  • Previous Owner : WILLIAMS LAWRENCE A
  • Previous Owner 2: LUCHTAN DIANNE
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Minneapolis Public School District
  • School Tax School District: MINNEAPOLIS
  • Census Tract: 009500

Zoning

  • Zoning: R2B

Geography

  • Assessors Map Reference: MB:22050
  • District: 01
  • Parcel: 02-028-24-32-0066
  • Block: 2
  • Lot: 24
  • Meridian: SEC 02 QTR 32 TWN 028 RNG 24
  • Municipality: MINNEAPOLIS
  • Latitude: 44.9412
  • Longitude: -93.2647

    Address

  • Full Address: 3401 Park Ave
  • Address - House Number: 3401
  • Address - Street Name: Park
  • Address - Suffix Type: Ave
  • State: MN
  • City Name: Minneapolis
  • Carrier Code: C029
  • 4-Digit Zip Code: 2019
  • Zip Code: 55407

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $5,432

    Appraisal Valuation

  • Standard Deviation: 0.2134
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 70
  • Final Value: 468,723
  • High Value: 568,793
  • Low Value: 368,653

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $294,467
  • First Open Lien Mortgage Lender: ALERUS MORTGAGE
  • First Open Lien Mortgage Recording Date: Aug 04, 2015
  • First Open Lien Mortgage Financing Type: Unknown
  • First Open Lien Mortgage Loan Amount: $294,467
  • 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: Aug 01, 2045

    Market Valuation

  • Market Total Value: $363,000
  • Market Land Value: $67,000
  • Market Improvement Value: $296,000

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $363,000
  • Assessed Land Value: $67,000
  • Assessed Improvements Value: $296,000

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 14, 2015
  • Current Sale Recording Date: Aug 04, 2015
  • Current Sale Transaction ID: 1275646383
  • Current Sale Price: $299,900
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: A10222892

    Last Sale Mortgage

  • First Mortgage Lender: ALERUS MORTGAGE
  • First Mortgage Transaction Date: Aug 04, 2015
  • First Mortgage Loan Amount: $294,467
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Aug 01, 2045

    Financing

  • First Mortgage Financing Type: Unknown

About Powderhorn



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Frequently Asked Questions

What neighborhood is 3401 Park Avenue located in?
The 3401 Park Avenue is a located in the neighborhood of Central in Powderhorn, Minneapolis.
What is the average sales price for listings in 3401 Park Avenue?
The average sales price for units in 3401 Park Avenue is $0 currently.

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