5065 Salem Lane

5065 Salem Lane in Loretto, MN was first built in 1998 and is 26 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a style that we are currently unable to determine. There are a total of 2 floors. There are a total of 10 rooms in the home, of which, 5 are bedrooms. In terms of bathrooms, there is only one bathroom. There are 3 partial bathrooms. 5065 Salem Lane has 3,244 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 4,040 ft and the linear feet between the front and back of the lot is 6,120. In total, the area measurement of the land is 246,114 square feet.

Learn more about the property and building on this page. There is a unknown and a patio. The home has a gambrel style roof made of asphalt. For those who need parking, there is a attached garage. The garage is 624 sqft. 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 frame 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 good. The exterior walls of the home are made of metal. While the interior walls are made of gypsum boards such as those made of drywall, sheetrock, etc. Walk inside and you'll find flooring throughout the home. Walk into the home itself and you'll find that it is currently being cooled with a packaged air conditioning unit. As for heating, the home is utilizing a space/suspended heating system. 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, 5065 Salem Lane sold most recently in Apr 28, 2020 for a total of $655,000. If you work out the math, that's approximately a cost of $201.91 per sqft. Before that, the property was also sold for $294,352 in Oct 31, 2013. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $9,564 in taxes each year. 5065 Salem Lane was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $708,000. If we break it down further, the land itself was valued at $190,000. Improvements to the property, however, were assessed at a total of $518,000. 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.