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4431 Colfax Avenue South

4431 Colfax Avenue South, Minneapolis, MN 55419
Property in East Harriet
Sold Jul 27, 2020
$475,000
$380,000 by Us Bank Na
Mortgage Due Jul 01, 2050
Sold Jun 28, 2005
$375,000
4431 Colfax Avenue South 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 1916 and is 108 years old. The home has a total of 8 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. The building has a total of 2 stories. In addition, 4431 Colfax Avenue South has 1,295 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 1,340 ft and across the front of the lot is 315 ft. The area measurement of the land has been determined as 4,356 square feet.

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 detached garage for those who require parking. According to our sources, there are a total of 2 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 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 gable style roof made of asphalt. The exterior walls of the building are made of stucco. In terms of heating, it is utilizing a hot water heating system. There is a single fireplace in the home. Perfect for those wintery nights. The property was last sold in Jun 23, 2020 for $475,000. That's $366.80 per sqft. Prior to that sales transaction, the property was also sold in May 31, 2005 for $375,000. 4431 Colfax Avenue South was last assessed in 2022. The total value of the property was assessed at $530,000. Specifically, the land the property is located on was valued at $180,000. While improvements on the property were assessed at a total of $350,000. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $7,471. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1916
  • Effective Year Built: 1916
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C-
  • Construction Type: Wood
  • Exterior Walls Type: Stucco
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Basement Type: Unspecified basement
  • Basement Area: 738
  • Garage Type: Detached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 4,356
  • Lot Size Depth Feet: 1,340
  • Lot Size Frontage Feet: 315
  • Total Building Area: 1,295
  • Building Area: 1,295
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Hot water
  • Heated Square Feet: 1,295
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: REMINGTONS 3RD ADDN TO MPLS
  • Land Acres: 0.1
  • Standard Land Use Code: Single family residential
  • Legal Description 1: 014 054 REMINGTONS 3RD ADDN TO MPLS SOUTH 31 1/2 FT 31.50 X 134.00

Ownership

  • Current Owner : GORDON ELIZABETH ANN
  • Current Owner 2: VELZEN BENJAMIN JACK
  • Previous Owner : ESSER JOANNE M
  • Previous Owner 2: HAY MICHAEL
  • Owner Before Previous Owner: LAND AMERICA ONE STOP
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Minneapolis Public School District
  • School Tax School District: MINNEAPOLIS
  • Census Tract: 010700

Zoning

  • Zoning: R1A

Geography

  • Assessors Map Reference: MB:23960
  • District: 01
  • Parcel: 09-028-24-44-0077
  • Block: 54
  • Lot: 14
  • Meridian: SEC 09 QTR 44 TWN 028 RNG 24
  • Municipality: MINNEAPOLIS
  • Latitude: 44.9222
  • Longitude: -93.2919

    Address

  • Full Address: 4431 Colfax Ave S
  • Address - House Number: 4431
  • Street Segment Direction: S
  • Address - Street Name: Colfax
  • Address - Suffix Type: Ave
  • State: MN
  • City Name: Minneapolis
  • Carrier Code: C025
  • 4-Digit Zip Code: 4734
  • Zip Code: 55419

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $7,471

    Appraisal Valuation

  • Standard Deviation: 0.1398
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 83
  • Final Value: 593,428
  • High Value: 676,411
  • Low Value: 510,444

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $380,000
  • First Open Lien Mortgage Lender: US BANK NA
  • First Open Lien Mortgage Recording Date: Jul 27, 2020
  • First Open Lien Mortgage Loan Amount: $380,000
  • 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: Jul 01, 2050

    Market Valuation

  • Market Total Value: $530,000
  • Market Land Value: $180,000
  • Market Improvement Value: $350,000

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $530,000
  • Assessed Land Value: $180,000
  • Assessed Improvements Value: $350,000

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 23, 2020
  • Current Sale Recording Date: Jul 27, 2020
  • Current Sale Transaction ID: 11775419707
  • Current Sale Price: $475,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: A10816717
  • Previous Sale Recording Date: Jun 28, 2005
  • Previous Sale Contract Date: May 31, 2005
  • Previous Sale Amount: $375,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: US BANK NA
  • First Mortgage Transaction Date: Jul 27, 2020
  • First Mortgage Loan Amount: $380,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2050

About Southwest Minneapolis



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Frequently Asked Questions

What neighborhood is 4431 Colfax Avenue South located in?
The 4431 Colfax Avenue South is a located in the neighborhood of East Harriet in Southwest Minneapolis, Minneapolis.
What is the average sales price for listings in 4431 Colfax Avenue South?
The average sales price for units in 4431 Colfax Avenue South is $0 currently.

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