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550 Ranchview Lane North

550 Ranchview Lane North, Minneapolis, MN 55447
Property in Plymouth
Sold May 09, 2022
$475,000
$380,000 by Everett Financial Inc
Mortgage Due May 01, 2052
Sold Apr 29, 2022
$475,000
$380,000
Mortgage
550 Ranchview Lane North in Minneapolis, MN was first built in 1965 and is 59 years old. Although, the building on the property was most recently renovated and altered in 1990. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a split level style. There are a total of 5 rooms in the home, of which, 5 are bedrooms. In terms of bathrooms, there is only one bathroom. There are 2 partial bathrooms. 550 Ranchview Lane North has 1,144 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 1,100 ft and the linear feet between the front and back of the lot is 1,770. In total, the area measurement of the land is 19,602 square feet.

Learn more about the property and building on this page. There is a unknown and a patio. The home has a gable style roof made of asphalt. For those who need parking, there is a tuck under garage. The garage is 1,104 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 average. The exterior walls of the home are made of a material which is produced from two or more constituent materials. 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. 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. 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, 550 Ranchview Lane North sold most recently in Apr 27, 2022 for a total of $475,000. If you work out the math, that's approximately a cost of $415.21 per sqft. Before that, the property was also sold for $475,000 in Apr 29, 2022. That means the value of the property has remained about the same! Tax-wise, the current owner is expected to pay close to $4,741 in taxes each year. 550 Ranchview Lane North was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $393,000. If we break it down further, the land itself was valued at $158,000. Improvements to the property, however, were assessed at a total of $235,000. 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.

Building Features

Exterior

Block Exterior

Driveway

Driveway

Parking

Attached Garage
Detached Garage
Open Parking
Parking Available
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1990
  • Total Rooms: 5
  • Bedroom Count: 5
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Split level
  • Exterior Walls Type: Composition
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Living Units: 1
  • Floor Cover: Carpet
  • Basement Type: Unfinished basement
  • Basement Area: 1,338
  • Garage Type: Tuckunder
  • Garage Square Area: 1,104
  • Parking Space Count: 2
  • Patio Type: Patio

    Dimensions

  • Lot Size Square Feet: 19,602
  • Lot Size Depth Feet: 1,770
  • Lot Size Frontage Feet: 1,100
  • Total Building Area: 1,144
  • Gross Building Area: 2,482
  • Building Area: 1,144
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Packed air conditioning unit
  • Heating: Space/suspended
  • Heated Square Feet: 1,144
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: PARKERS LAKESIDE 2ND ADDN
  • Land Acres: 0.45
  • Standard Land Use Code: Single family residential
  • Legal Description 1: 003 PARKERS LAKESIDE 2ND ADDN LOT 32 AND THAT PART OF LOT 31 LYING N OF THE S 23 FT THEREOF W 110 X 177

Ownership

  • Current Owner : HOLLERUD CHELSEA
  • Current Owner 2: HOLLERUD BRENT
  • Previous Owner : YUAN
  • Previous Owner 2: YE
  • Owner Before Previous Owner: YUAN JONATHAN
  • Owner Before Previous Owner 2: YUAN YE
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Wayzata Public School District
  • School Tax School District: WAYZATA
  • Census Tract: 026609

Geography

  • Assessors Map Reference: MB:44440
  • District: 40
  • Parcel: 33-118-22-31-0056
  • Block: 3
  • Lot: 31-32
  • Meridian: SEC 33 QTR 31 TWN 118 RNG 22
  • Municipality: PLYMOUTH
  • Latitude: 44.9855
  • Longitude: -93.476

    Address

  • Full Address: 550 Ranchview Ln N
  • Address - House Number: 550
  • Street Segment Direction: N
  • Address - Street Name: Ranchview
  • Address - Suffix Type: Ln
  • State: MN
  • City Name: Minneapolis
  • Carrier Code: C006
  • 4-Digit Zip Code: 3939
  • Zip Code: 55447

Valuation

    Tax

  • Total Area: 2,288
  • Tax Year: 2023
  • Tax Amount: $4,741

    Appraisal Valuation

  • Standard Deviation: 0.1631
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 79
  • Final Value: 447,073
  • High Value: 520,018
  • Low Value: 374,127

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $380,000
  • First Open Lien Mortgage Lender: EVERETT FINANCIAL INC
  • First Open Lien Mortgage Recording Date: May 09, 2022
  • First Open Lien Mortgage Loan Amount: $380,000
  • 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: May 01, 2052

    Market Valuation

  • Market Total Value: $393,000
  • Market Land Value: $158,000
  • Market Improvement Value: $235,000

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $393,000
  • Assessed Land Value: $158,000
  • Assessed Improvements Value: $235,000

    Sales

  • Current Sale Contract Date: Apr 27, 2022
  • Current Sale Recording Date: May 09, 2022
  • Current Sale Transaction ID: 11888819786
  • Current Sale Price: $475,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 5945160
  • Previous Sale Recording Date: Apr 29, 2022
  • Previous Sale Contract Date: Apr 29, 2022
  • Previous Sale Amount: $475,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: EVERETT FINANCIAL INC
  • First Mortgage Transaction Date: May 09, 2022
  • First Mortgage Loan Amount: $380,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: May 01, 2052

    Previous Mortgages

  • Previous Mortgage Transaction Date: Apr 29, 2022
  • Previous Mortgage Loan Amount: $380,000
  • Previous Mortgage Loan Type: New Conventional

About Plymouth - Wayzata



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Frequently Asked Questions

What neighborhood is 550 Ranchview Lane North located in?
The 550 Ranchview Lane North is a located in the neighborhood of Plymouth in Plymouth - Wayzata, Minneapolis.
What is the average sales price for listings in 550 Ranchview Lane North?
The average sales price for units in 550 Ranchview Lane North is $0 currently.

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