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4530 Colfax Avenue North

4530 Colfax Avenue North, Minneapolis, MN 55412
Property in Lind - Bohanon
Sold May 24, 2016
$73,000
$71,677 by Lake Area Mortgage
Mortgage Due Jun 01, 2046
Sold Aug 10, 2012
$224,847
4530 Colfax Avenue North in Minneapolis, MN was first built in 1923 and is 101 years old. This has been categorized as a residential property type. It is a single story home. There are a total of 8 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 4530 Colfax Avenue North has 1,332 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 400 ft and the linear feet between the front and back of the lot is 1,280. In total, the area measurement of the land is 5,227 square feet.

Learn more about the property and building on this page. The home has a gable style roof made of asphalt. For those who need parking, there is a detached garage. There are a total of 2 available parking spaces. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with wood control joints. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as average. The exterior walls of the home are made of alum/vinyl siding. Walk into the home itself and you'll find that it is currently being cooled with air conditioning. As for heating, the home is utilizing a forced air unit. 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, 4530 Colfax Avenue North sold most recently in May 23, 2016 for a total of $73,000. If you work out the math, that's approximately a cost of $54.80 per sqft. Before that, the property was also sold for $224,847 in Aug 3, 2012. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $3,227 in taxes each year. 4530 Colfax Avenue North was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $227,000. If we break it down further, the land itself was valued at $31,000. Improvements to the property, however, were assessed at a total of $196,000. 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: 1923
  • Effective Year Built: 1923
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Wood
  • Exterior Walls Type: Alum/Vinyl siding
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Basement Type: Unspecified basement
  • Basement Area: 1,176
  • Garage Type: Detached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 5,227
  • Lot Size Depth Feet: 1,280
  • Lot Size Frontage Feet: 400
  • Total Building Area: 1,332
  • Building Area: 1,332
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 1,332
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: JAMES M GILLESPIES 3RD ADDN TO MPLS
  • Land Acres: 0.12
  • Standard Land Use Code: Single family residential
  • Legal Description 1: 021 002 JAMES M GILLESPIES 3RD ADDN TO MPLS 40.00 X 128.00

Ownership

  • Current Owner : HERNANDEZ MIRANDA JAVIER A
  • Current Owner 2: GUTIERREZ BARBAN ANA L
  • Previous Owner : GUTIERREZ PEDRO
  • Previous Owner 2: GUTIERREZ RUTH
  • Owner Before Previous Owner: REID MEHRIN MOHAMMED
  • Owner Before Previous Owner 2: REID JOHN
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Minneapolis Public School District
  • School Tax School District: MINNEAPOLIS
  • Census Tract: 000102

Zoning

  • Zoning: R1A

Geography

  • Assessors Map Reference: MB:12850
  • District: 01
  • Parcel: 12-118-21-34-0196
  • Block: 2
  • Lot: 21
  • Meridian: SEC 12 QTR 34 TWN 118 RNG 21
  • Municipality: MINNEAPOLIS
  • Latitude: 45.0376
  • Longitude: -93.2923

    Address

  • Full Address: 4530 Colfax Ave N
  • Address - House Number: 4530
  • Street Segment Direction: N
  • Address - Street Name: Colfax
  • Address - Suffix Type: Ave
  • State: MN
  • City Name: Minneapolis
  • Carrier Code: C014
  • 4-Digit Zip Code: 1322
  • Zip Code: 55412

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,227

    Appraisal Valuation

  • Standard Deviation: 0.1564
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 80
  • Final Value: 248,706
  • High Value: 287,624
  • Low Value: 209,788

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $71,677
  • First Open Lien Mortgage Lender: LAKE AREA MORTGAGE
  • First Open Lien Mortgage Recording Date: May 24, 2016
  • First Open Lien Mortgage Financing Type: Unknown
  • First Open Lien Mortgage Loan Amount: $71,677
  • 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: Jun 01, 2046

    Market Valuation

  • Market Total Value: $227,000
  • Market Land Value: $31,000
  • Market Improvement Value: $196,000

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $227,000
  • Assessed Land Value: $31,000
  • Assessed Improvements Value: $196,000

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 23, 2016
  • Current Sale Recording Date: May 24, 2016
  • Current Sale Transaction ID: 1595744718
  • Current Sale Price: $73,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: A10315811
  • Previous Sale Recording Date: Aug 10, 2012
  • Previous Sale Contract Date: Aug 03, 2012
  • Previous Sale Amount: $224,847
  • Previous Sale Document Type: Sheriff's Deed

    Last Sale Mortgage

  • First Mortgage Lender: LAKE AREA MORTGAGE
  • First Mortgage Transaction Date: May 24, 2016
  • First Mortgage Loan Amount: $71,677
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Jun 01, 2046

    Financing

  • First Mortgage Financing Type: Unknown

About Camden



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Frequently Asked Questions

What neighborhood is 4530 Colfax Avenue North located in?
The 4530 Colfax Avenue North is a located in the neighborhood of Lind - Bohanon in Camden, Minneapolis.
What is the average sales price for listings in 4530 Colfax Avenue North?
The average sales price for units in 4530 Colfax Avenue North is $0 currently.

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