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5140 Balmoral Lane

5140 Balmoral Lane, Minneapolis, MN 55437
Property in West Bloomington
Sold Oct 14, 2014
$114,900
$2,420 by Us Bank Na
Mortgage Due Nov 01, 2044
Sold Mar 09, 2012
$87,000
$88,870 by Usaa Fsb
Mortgage Due Mar 01, 2042
5140 Balmoral Lane in Minneapolis, MN was first built in 1981 and is 43 years old. Although, the building on the property was most recently renovated and altered in 2002. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a condo style. It is a single story home. There are a total of 6 rooms in the home, of which, 2 are bedrooms. In terms of bathrooms, there is only one bathroom. There are 2 partial bathrooms. 5140 Balmoral Lane has 1,128 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. In total, the area measurement of the land is 4,756 square feet.

Learn more about the property and building on this page. There is a patio. The home has a gable or hip style roof made of asphalt. For those who need parking, there is a attached garage. The garage is 231 sqft. There is one available parking space. 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 condition of the building has been evaluated as good. 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 central air conditioning. As for heating, the home is utilizing a forced air unit. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. The property was last sold in Oct 7, 2014 for $114,900. That's $101.86 per sqft. Prior to that sales transaction, the property was also sold in Feb 17, 2012 for $87,000. 5140 Balmoral Lane was last assessed in 2022. The total value of the property was assessed at $187,800. Specifically, the land the property is located on was valued at $59,000. While improvements on the property were assessed at a total of $128,800. 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 $2,244. 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: 1981
  • Effective Year Built: 2002
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: Good
  • Construction Type: Frame
  • Building Style: Condo
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Floor Cover: Wood
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 231
  • Parking Space Count: 1
  • Patio Type: Patio

    Dimensions

  • Lot Size Square Feet: 4,756
  • Total Building Area: 1,128
  • Gross Building Area: 1,128
  • Building Area: 1,128
  • Building Area Measurement: Gross Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 1,128
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: CONDO NO 0271 MANOR HOMES OF NORMAN
  • Land Acres: 0.109
  • Standard Land Use Code: Condominium unit (residential)
  • Legal Description 1: CONDO NO 0271 MANOR HOMES OF NORMAN BLDG NO 15 UNIT NO 2 GAR UNIT NO 2 IRREGULAR

Ownership

  • Current Owner : GILBERT PATRICIA A
  • Previous Owner : COEY AUSTIN JAMESON
  • Owner Before Previous Owner: KREYE DAVID A
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Bloomington Public School District
  • School Tax School District: BLOOMINGTON
  • Census Tract: 025704

Geography

  • Assessors Map Reference: MB:01375
  • District: 20
  • Parcel: 19-027-24-32-0177
  • Meridian: SEC 19 QTR 32 TWN 027 RNG 24
  • Municipality: BLOOMINGTON
  • Latitude: 44.8087
  • Longitude: -93.3478

    Address

  • Full Address: 5140 Balmoral Ln
  • Legal Unit: 2,2
  • Address - House Number: 5140
  • Address - Street Name: Balmoral
  • Address - Suffix Type: Ln
  • State: MN
  • City Name: Minneapolis
  • Carrier Code: C025
  • 4-Digit Zip Code: 2865
  • Zip Code: 55437

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,244

    Appraisal Valuation

  • Standard Deviation: 0.1564
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 80
  • Final Value: 196,621
  • High Value: 227,388
  • Low Value: 165,853

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $2,420
  • First Open Lien Mortgage Lender: US BANK NA
  • First Open Lien Mortgage Recording Date: Jul 06, 2021
  • First Open Lien Mortgage Loan Amount: $2,420
  • First Open Lien Mortgage Term: 279
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Nov 01, 2044

    Market Valuation

  • Market Total Value: $187,800
  • Market Land Value: $59,000
  • Market Improvement Value: $128,800

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $187,800
  • Assessed Land Value: $59,000
  • Assessed Improvements Value: $128,800

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 07, 2014
  • Current Sale Recording Date: Oct 14, 2014
  • Current Sale Transaction ID: 1160965863
  • Current Sale Price: $114,900
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: A10127040
  • Previous Sale Recording Date: Mar 09, 2012
  • Previous Sale Contract Date: Feb 17, 2012
  • Previous Sale Amount: $87,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: ALERUS MORTGAGE
  • First Mortgage Transaction Date: Oct 14, 2014
  • First Mortgage Loan Amount: $112,818
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Nov 01, 2044

    Financing

  • First Mortgage Financing Type: Unknown

    Previous Mortgages

  • Previous Mortgage Lender: USAA FSB
  • Previous Mortgage Transaction Date: Mar 09, 2012
  • Previous Mortgage Loan Amount: $88,870
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: VA
  • Previous Mortgage Loan Due Date: Mar 01, 2042

About West Bloomington



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Frequently Asked Questions

What neighborhood is 5140 Balmoral Lane located in?
The 5140 Balmoral Lane is a located in the neighborhood of West Bloomington in West Bloomington, Minneapolis.
What is the average sales price for listings in 5140 Balmoral Lane?
The average sales price for units in 5140 Balmoral Lane is $0 currently.

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