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3823 Sheridan Avenue North

3823 Sheridan Avenue North, Minneapolis, MN 55412
Property in Victory
Sold Sep 12, 2022
$248,000
Seller
$148,000 by Fairway Independent Mortgage C
Mortgage Due Oct 01, 2052
Sold Sep 06, 2022
$248,000
Seller
$243,000
Mortgage
Local assessors in Minneapolis, MN have categorized 3823 Sheridan Avenue North as a residential type of property. The home was built in 1920 and is 104 years old. The property's lot size has been calculated to be 5,227 square feet. The linear feet between the front and back of the lot was measured at 1,260 ft and the front of the lot was measured at 400 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, 2 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 is one full bathroom. There is also a partial bathroom. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 3823 Sheridan Avenue North has a total of 988 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 wood were used in the construction of the exterior walls of the home. The home's a forced air unit 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, 3823 Sheridan Avenue North sold most recently in Aug 29, 2022 for a total of $248,000. If you work out the math, that's approximately a cost of $251.01 per sqft. Before that, the property was also sold for $248,000 in Sep 6, 2022. That means the value of the property has remained about the same! Tax-wise, the current owner is expected to pay close to $3,011 in taxes each year. 3823 Sheridan Avenue North was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $249,000. If we break it down further, the land itself was valued at $44,000. Improvements to the property, however, were assessed at a total of $205,000. The property's total market value has been marked the same as the total assessed value which is pretty typical. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!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: 1920
  • Effective Year Built: 1920
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Wood
  • Exterior Walls Type: Wood
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Basement Type: Unspecified basement
  • Basement Area: 988
  • Garage Type: Detached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 5,227
  • Lot Size Depth Feet: 1,260
  • Lot Size Frontage Feet: 400
  • Total Building Area: 988
  • Building Area: 988
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Forced air unit
  • Heated Square Feet: 988
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: THORPE BROS WILLIAM PENN 2ND ADDN
  • Land Acres: 0.12
  • Standard Land Use Code: Single family residential
  • Legal Description 1: 001 003 THORPE BROS WILLIAM PENN 2ND ADDN 40 X 126.2

Ownership

  • Current Owner : RIVARD PATRICK
  • Previous Owner : LEE JODY M
  • Owner Before Previous Owner: LEE JODY
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Minneapolis Public School District
  • School Tax School District: MINNEAPOLIS
  • Census Tract: 000300

Zoning

  • Zoning: R1A

Geography

  • Assessors Map Reference: MB:13910
  • District: 01
  • Parcel: 05-029-24-41-0220
  • Block: 3
  • Lot: 1
  • Meridian: SEC 05 QTR 41 TWN 029 RNG 24
  • Municipality: MINNEAPOLIS
  • Latitude: 45.0248
  • Longitude: -93.3125

    Address

  • Full Address: 3823 Sheridan Ave N
  • Address - House Number: 3823
  • Street Segment Direction: N
  • Address - Street Name: Sheridan
  • Address - Suffix Type: Ave
  • State: MN
  • City Name: Minneapolis
  • Carrier Code: C002
  • 4-Digit Zip Code: 1834
  • Zip Code: 55412

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,011

    Appraisal Valuation

  • Standard Deviation: 0.1767
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 77
  • Final Value: 250,402
  • High Value: 294,668
  • Low Value: 206,136

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $391,000
  • First Open Lien Mortgage Lender: FAIRWAY INDEPENDENT MORTGAGE C
  • First Open Lien Mortgage Recording Date: Sep 12, 2022
  • First Open Lien Mortgage Loan Amount: $148,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Balloon
  • First Open Lien Mortgage Loan Due Date: Oct 01, 2052
  • Second Open Lien Mortgage Recording Date: Sep 06, 2022
  • Second Open Lien Mortgage Loan Amount: $243,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: New Conventional
  • Second Open Lien Mortgage Loan Due Date: Sep 06, 2052

    Market Valuation

  • Market Total Value: $249,000
  • Market Land Value: $44,000
  • Market Improvement Value: $205,000

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $249,000
  • Assessed Land Value: $44,000
  • Assessed Improvements Value: $205,000

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 29, 2022
  • Current Sale Recording Date: Sep 12, 2022
  • Current Sale Transaction ID: 11896385245
  • Current Sale Price: $248,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 11145108
  • Previous Sale Recording Date: Sep 06, 2022
  • Previous Sale Contract Date: Sep 06, 2022
  • Previous Sale Amount: $248,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: FAIRWAY INDEPENDENT MORTGAGE C
  • First Mortgage Transaction Date: Sep 12, 2022
  • First Mortgage Loan Amount: $148,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Balloon
  • First Mortgage Loan Due Date: Oct 01, 2052

    Previous Mortgages

  • Previous Mortgage Transaction Date: Sep 06, 2022
  • Previous Mortgage Loan Amount: $243,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional

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Frequently Asked Questions

What neighborhood is 3823 Sheridan Avenue North located in?
The 3823 Sheridan Avenue North is a located in the neighborhood of Victory in Camden, Minneapolis.
What is the average sales price for listings in 3823 Sheridan Avenue North?
The average sales price for units in 3823 Sheridan Avenue North is $0 currently.

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