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5228 Larada Lane

5228 Larada Lane, Minneapolis, MN 55436
Property in Edina
Sold Oct 06, 2023
$1,000,000
$800,000 by Cambria Financial Group, Llc
Mortgage Due Oct 01, 2053
Sold Oct 06, 2023
$1,000,000
5228 Larada Lane in Minneapolis, MN was first built in 1983 and is 41 years old. Although, the building on the property was most recently renovated and altered in 1995. 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, 3 are bedrooms. In terms of bathrooms, there are a total of 3 full bathrooms. There are 3 partial bathrooms. 5228 Larada Lane has 3,256 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 1,340 ft and the linear feet between the front and back of the lot is 1,410. In total, the area measurement of the land is 18,731 square feet.

Learn more about the property and building on this page. There is a unknown and a patio. The home has a hip style roof made of wood. For those who need parking, there is a attached garage. The garage is 732 sqft. There are a total of 3 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 masonry control joints. The condition of the building has been evaluated as average. The exterior walls of the home are made of wood. 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 floor/wall heating system and being fueled with electricity. 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 6, 2023 for $1,000,000. That's $307.13 per sqft. Prior to that sales transaction, the property was also sold in Oct 6, 2023 for $1,000,000. 5228 Larada Lane was last assessed in 2022. The total value of the property was assessed at $783,100. Specifically, the land the property is located on was valued at $406,200. While improvements on the property were assessed at a total of $376,900. 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 $10,191. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well. 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: 1983
  • Effective Year Built: 1995
  • Total Rooms: 10
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Construction Type: Masonry
  • Building Style: Other
  • Exterior Walls Type: Wood
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Hip
  • Roof Cover Type: Wood
  • Floor Count: 2
  • Living Units: 1
  • Floor Cover: Wood
  • Basement Type: Unspecified basement
  • Basement Area: 1,610
  • Garage Type: Attached
  • Garage Square Area: 732
  • Parking Space Count: 3
  • Patio Type: Patio

    Dimensions

  • Lot Size Square Feet: 18,731
  • Lot Size Depth Feet: 1,410
  • Lot Size Frontage Feet: 1,340
  • Total Building Area: 3,256
  • Gross Building Area: 3,256
  • Building Area: 3,256
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Packed air conditioning unit
  • Heating: Floor/wall
  • Heated Square Feet: 3,256
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: PARKWOOD KNOLLS 21ST ADDN
  • Land Acres: 0.43
  • Standard Land Use Code: Single family residential
  • Legal Description 1: 011 003 PARKWOOD KNOLLS 21ST ADDN E 134X141X131X136

Ownership

  • Current Owner : COMMERS ALEXANDRA
  • Current Owner 2: COMMERS ANDREW
  • Previous Owner : ANDERSON GARRETT R
  • Previous Owner 2: ANDERSON GRETA
  • Owner Before Previous Owner: ANDERSON GRETA
  • Owner Before Previous Owner 2: ANDERSON GARRETT
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Tenants in Common

Neighborhood

  • School District Name: Hopkins Public School District
  • School Tax School District: HOPKINS
  • Census Tract: 023502

Zoning

  • Zoning: R1

Geography

  • Assessors Map Reference: MB:00884
  • District: 24
  • Parcel: 30-117-21-43-0047
  • Block: 3
  • Lot: 11
  • Meridian: SEC 30 QTR 43 TWN 117 RNG 21
  • Municipality: EDINA
  • Latitude: 44.9076
  • Longitude: -93.3897

    Address

  • Full Address: 5228 Larada Ln
  • Address - House Number: 5228
  • Address - Street Name: Larada
  • Address - Suffix Type: Ln
  • State: MN
  • City Name: Minneapolis
  • Carrier Code: C013
  • 4-Digit Zip Code: 1081
  • Zip Code: 55436

Valuation

    Tax

  • Total Area: 3,256
  • Tax Year: 2023
  • Tax Amount: $10,191

    Appraisal Valuation

  • Standard Deviation: 0.16
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 80
  • Final Value: 999,937
  • High Value: 1,159,973
  • Low Value: 839,901

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $1,600,000
  • First Open Lien Mortgage Lender: CAMBRIA FINANCIAL GROUP, LLC
  • First Open Lien Mortgage Recording Date: Oct 06, 2023
  • First Open Lien Mortgage Loan Amount: $800,000
  • 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, 2053
  • Second Open Lien Mortgage Recording Date: Oct 06, 2023
  • Second Open Lien Mortgage Loan Amount: $800,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: New Conventional
  • Second Open Lien Mortgage Loan Due Date: Oct 06, 2053

    Market Valuation

  • Market Total Value: $783,100
  • Market Land Value: $406,200
  • Market Improvement Value: $376,900

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $783,100
  • Assessed Land Value: $406,200
  • Assessed Improvements Value: $376,900

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 06, 2023
  • Current Sale Recording Date: Oct 06, 2023
  • Current Sale Transaction ID: 11916296209
  • Current Sale Price: $1,000,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 6040042
  • Previous Sale Recording Date: Oct 06, 2023
  • Previous Sale Contract Date: Oct 06, 2023
  • Previous Sale Amount: $1,000,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: CAMBRIA FINANCIAL GROUP, LLC
  • First Mortgage Transaction Date: Oct 06, 2023
  • First Mortgage Loan Amount: $800,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Oct 01, 2053

    Previous Mortgages

  • Previous Mortgage Transaction Date: Oct 06, 2023
  • Previous Mortgage Loan Amount: $800,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional

About Minnetonka - Hopkins



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Frequently Asked Questions

What neighborhood is 5228 Larada Lane located in?
The 5228 Larada Lane is a located in the neighborhood of Edina in Minnetonka - Hopkins, Minneapolis.
What is the average sales price for listings in 5228 Larada Lane?
The average sales price for units in 5228 Larada Lane is $0 currently.

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