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4525 Alvarado Lane North

4525 Alvarado Lane North, Minneapolis, MN 55446
Property in Plymouth
Sold Jun 27, 2019
$490,000
$431,000 by Cardinal Financial Company Lp
Mortgage Due Oct 01, 2050
Sold Jan 02, 2019
$120,000
4525 Alvarado Lane North 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 2018 and is 6 years old. The home has a total of 7 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to one full bathroom. There are 2 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 4525 Alvarado Lane North has 1,483 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 1,150 ft and across the front of the lot is 520 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 ranch/rambler 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. From what we've gathered, the quality of these control joints have been graded with a letter grade of B by the local assessor. The inside of the home is being cooled with a packaged air conditioning unit at the moment. In terms of heating, it is utilizing floor/wall heating system and being fueled with electricity. The property was last sold in Jun 26, 2019 for $490,000. That's $330.41 per sqft. Prior to that sales transaction, the property was also sold in Jan 2, 2019 for $120,000. 4525 Alvarado Lane North was last assessed in 2022. The total value of the property was assessed at $551,000. Specifically, the land the property is located on was valued at $175,000. While improvements on the property were assessed at a total of $376,000. 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 $6,517. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side. 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: 2018
  • Effective Year Built: 2018
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Quality: B
  • Building Style: Ranch/Rambler
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Unfinished basement
  • Basement Area: 890
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,098
  • Lot Size Depth Feet: 1,150
  • Lot Size Frontage Feet: 520
  • Total Building Area: 1,483
  • Gross Building Area: 2,373
  • Building Area: 1,483
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Packed air conditioning unit
  • Heating: Floor/wall
  • Heated Square Feet: 1,483
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: VILLAS AT COPPER CREEK 2ND ADDN
  • Land Acres: 0.14
  • Standard Land Use Code: Single family residential
  • Legal Description 1: 003 002 VILLAS AT COPPER CREEK 2ND ADDN 52 X 115

Ownership

  • Current Owner : KHANNA ROHINI
  • Previous Owner : HANSON BUILDERS INC
  • Owner Before Previous Owner: VILLAS AT COPPER CREEK INC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Wayzata Public School District
  • School Tax School District: WAYZATA
  • Census Tract: 026605

Geography

  • Assessors Map Reference: MB:10476
  • District: 40
  • Parcel: 07-118-22-33-0093
  • Block: 2
  • Lot: 3
  • Meridian: SEC 07 QTR 33 TWN 118 RNG 22
  • Municipality: PLYMOUTH
  • Latitude: 45.0378
  • Longitude: -93.5222

    Address

  • Full Address: 4525 Alvarado Ln N
  • Address - House Number: 4525
  • Street Segment Direction: N
  • Address - Street Name: Alvarado
  • Address - Suffix Type: Ln
  • State: MN
  • City Name: Minneapolis
  • Carrier Code: R009
  • 4-Digit Zip Code: 3041
  • Zip Code: 55446

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $6,517

    Appraisal Valuation

  • Standard Deviation: 0.1386
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 83
  • Final Value: 614,606
  • High Value: 699,834
  • Low Value: 529,377

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $489,000
  • First Open Lien Mortgage Lender: CARDINAL FINANCIAL COMPANY LP
  • First Open Lien Mortgage Recording Date: Sep 16, 2020
  • First Open Lien Mortgage Loan Amount: $431,000
  • 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: Oct 01, 2050
  • Second Open Lien Mortgage Lender: FLAGSTAR BANK
  • Second Open Lien Mortgage Recording Date: May 31, 2023
  • Second Open Lien Mortgage Loan Amount: $58,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • Second Open Lien Mortgage Loan Due Date: Jun 01, 2053

    Market Valuation

  • Market Total Value: $551,000
  • Market Land Value: $175,000
  • Market Improvement Value: $376,000

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $551,000
  • Assessed Land Value: $175,000
  • Assessed Improvements Value: $376,000

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 26, 2019
  • Current Sale Recording Date: Jun 27, 2019
  • Current Sale Transaction ID: 11620693445
  • Current Sale Price: $490,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: A10673158
  • Previous Sale Recording Date: Jan 02, 2019
  • Previous Sale Contract Date: Jan 02, 2019
  • Previous Sale Amount: $120,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: CARDINAL FINANCIAL COMPANY LP
  • First Mortgage Transaction Date: Jun 27, 2019
  • First Mortgage Loan Amount: $416,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2049

About Plymouth - Wayzata



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Frequently Asked Questions

What neighborhood is 4525 Alvarado Lane North located in?
The 4525 Alvarado Lane North is a located in the neighborhood of Plymouth in Plymouth - Wayzata, Minneapolis.
What is the average sales price for listings in 4525 Alvarado Lane North?
The average sales price for units in 4525 Alvarado Lane North is $0 currently.

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