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3540 Bloomington Avenue

3540 Bloomington Avenue, Minneapolis, MN 55407
Property in Powderhorn Park
Sold May 25, 2018
$368,000
3540 Bloomington 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 1928 and is 96 years old. The building has a total of 2 stories. In addition, 3540 Bloomington Avenue has 3,328 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 1,230 ft and across the front of the lot is 500 ft. The area measurement of the land has been determined as 6,098 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a quadplex 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 mixed used garage for those who require parking. According to our sources, there are a total of 4 available parking spaces. 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 made of tar and gravel. The exterior walls of the building are made of brick. In terms of heating, it is utilizing a hot water heating system. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 3540 Bloomington Avenue was last sold in May 4, 2018 for $368,000. According to our calculations, that's $110.58 per sqft. Current property owners are expected to pay $9,148 in taxes per year. The property on 3540 Bloomington Avenue was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $537,200. To break that down further, the land itself was valued at $86,000. While improvements to the property were assessed at a total of $451,200. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1928
  • Effective Year Built: 1928
  • Bedroom Count: 0
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Wood
  • Building Style: Quadplex
  • Exterior Walls Type: Brick
  • Roof Shape Type: Flat
  • Roof Cover Type: Tar and gravel
  • Floor Count: 2
  • Living Units: 3
  • Basement Type: Unspecified basement
  • Basement Area: 1,664
  • Garage Type: Mixed use
  • Parking Space Count: 4

    Dimensions

  • Lot Size Square Feet: 6,098
  • Lot Size Depth Feet: 1,230
  • Lot Size Frontage Feet: 500
  • Total Building Area: 3,328
  • Gross Building Area: 3,328
  • Building Area: 3,328
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Hot water
  • Heated Square Feet: 3,328
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: BLOOMINGTON AVE ADDN TO MPLS
  • Land Acres: 0.14
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: 016 BLOOMINGTON AVE ADDN TO MPLS LOTS 9 AND 10 BLK 16 50 X 123

Ownership

  • Current Owner : IMHOFF STEVEN J
  • Previous Owner : LEMA MANUEL
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Minneapolis Public School District
  • School Tax School District: MINNEAPOLIS
  • Census Tract: 109700

Zoning

  • Zoning: R2B

Geography

  • Assessors Map Reference: MB:14370
  • District: 01
  • Parcel: 02-028-24-42-0146
  • Block: 16
  • Lot: 9-10
  • Meridian: SEC 02 QTR 42 TWN 028 RNG 24
  • Municipality: MINNEAPOLIS
  • Latitude: 44.938
  • Longitude: -93.2528

    Address

  • Full Address: 3540 Bloomington Ave
  • Address - House Number: 3540
  • Address - Street Name: Bloomington
  • Address - Suffix Type: Ave
  • State: MN
  • City Name: Minneapolis
  • Carrier Code: C003
  • 4-Digit Zip Code: 2687
  • Zip Code: 55407

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $9,148

    Appraisal Valuation

  • Standard Deviation: 0.4636
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 7
  • Final Value: 605,344
  • High Value: 885,982
  • Low Value: 324,705

    Market Valuation

  • Market Total Value: $537,200
  • Market Land Value: $86,000
  • Market Improvement Value: $451,200

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $537,200
  • Assessed Land Value: $86,000
  • Assessed Improvements Value: $451,200

    Sales

  • Current Sale Contract Date: May 04, 2018
  • Current Sale Recording Date: May 25, 2018
  • Current Sale Transaction ID: 11467430161
  • Current Sale Price: $368,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: A10557203

    Last Sale Mortgage

  • First Mortgage Lender: AMERICAN NATION BANK
  • First Mortgage Transaction Date: May 25, 2018
  • First Mortgage Loan Amount: $400,000
  • First Mortgage Terms: 83
  • First Mortgage Loan Type: Future Advance Clause / Open End Mortgage
  • First Mortgage Loan Due Date: May 04, 2025

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Frequently Asked Questions

What neighborhood is 3540 Bloomington Avenue located in?
The 3540 Bloomington Avenue is a located in the neighborhood of Powderhorn Park in Powderhorn, Minneapolis.
What is the average sales price for listings in 3540 Bloomington Avenue?
The average sales price for units in 3540 Bloomington Avenue is $0 currently.

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