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5321 41st Avenue South

5321 41st Avenue South, Minneapolis, MN 55417
Property in Minnehaha
Sold Oct 07, 2020
$315,000
$299,250 by Loandepot.com Llc
Mortgage Due Nov 01, 2050
Sold Sep 03, 2015
$242,000
$217,800 by Phh Home Loans Llc
Mortgage Due Sep 01, 2045
5321 41st Avenue South in Minneapolis, MN was first built in 1920 and is 104 years old. This has been categorized as a residential property type. There are a total of 2 floors. There are a total of 6 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 5321 41st Avenue South has 1,289 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. There is a unknown. 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, 5321 41st Avenue South sold most recently in Sep 28, 2020 for a total of $315,000. If you work out the math, that's approximately a cost of $244.38 per sqft. Before that, the property was also sold for $242,000 in Aug 27, 2015. 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 $4,804 in taxes each year. 5321 41st Avenue South was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $317,000. If we break it down further, the land itself was valued at $99,000. Improvements to the property, however, were assessed at a total of $218,000. The property's total market value has been marked the same as the total assessed value which is pretty typical. 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.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: 1920
  • Effective Year Built: 1920
  • Total Rooms: 6
  • Bedroom Count: 3
  • 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: 2
  • Basement Type: Unspecified basement
  • Basement Area: 759
  • 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: 1,289
  • Building Area: 1,289
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 1,289
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: MINNEHAHA FALLS 2ND ADDN TO MPLS
  • Land Acres: 0.12
  • Standard Land Use Code: Single family residential
  • Legal Description 1: 017 008 MINNEHAHA FALLS 2ND ADDN TO MPLS S 40 FT 40 X 128

Ownership

  • Current Owner : LYNCH MARK
  • Previous Owner : CHHUN BUNKHUON
  • Previous Owner 2: CHHUN MAURA E
  • Owner Before Previous Owner: PARKER JESSE D
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Minneapolis Public School District
  • School Tax School District: MINNEAPOLIS
  • Census Tract: 011998

Zoning

  • Zoning: R1A

Geography

  • Assessors Map Reference: MB:19990
  • District: 01
  • Parcel: 18-028-23-43-0190
  • Block: 8
  • Lot: 17
  • Meridian: SEC 18 QTR 43 TWN 028 RNG 23
  • Municipality: MINNEAPOLIS
  • Latitude: 44.9065
  • Longitude: -93.2136

    Address

  • Full Address: 5321 41st Ave S
  • Address - House Number: 5321
  • Street Segment Direction: S
  • Address - Street Name: 41st
  • Address - Suffix Type: Ave
  • State: MN
  • City Name: Minneapolis
  • Carrier Code: C025
  • 4-Digit Zip Code: 2227
  • Zip Code: 55417

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $4,804

    Appraisal Valuation

  • Standard Deviation: 0.2098
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 71
  • Final Value: 371,249
  • High Value: 449,146
  • Low Value: 293,353

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $299,250
  • First Open Lien Mortgage Lender: LOANDEPOT.COM LLC
  • First Open Lien Mortgage Recording Date: Oct 07, 2020
  • First Open Lien Mortgage Loan Amount: $299,250
  • 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: Nov 01, 2050

    Market Valuation

  • Market Total Value: $317,000
  • Market Land Value: $99,000
  • Market Improvement Value: $218,000

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $317,000
  • Assessed Land Value: $99,000
  • Assessed Improvements Value: $218,000

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 28, 2020
  • Current Sale Recording Date: Oct 07, 2020
  • Current Sale Transaction ID: 11793355881
  • Current Sale Price: $315,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: A10851074
  • Previous Sale Recording Date: Sep 03, 2015
  • Previous Sale Contract Date: Aug 27, 2015
  • Previous Sale Amount: $242,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: LOANDEPOT.COM LLC
  • First Mortgage Transaction Date: Oct 07, 2020
  • First Mortgage Loan Amount: $299,250
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: PHH HOME LOANS LLC
  • Previous Mortgage Transaction Date: Sep 03, 2015
  • Previous Mortgage Loan Amount: $217,800
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Sep 01, 2045

About Nokomis



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Frequently Asked Questions

What neighborhood is 5321 41st Avenue South located in?
The 5321 41st Avenue South is a located in the neighborhood of Minnehaha in Nokomis, Minneapolis.
What is the average sales price for listings in 5321 41st Avenue South?
The average sales price for units in 5321 41st Avenue South is $0 currently.

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