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5537 Sherwood Drive

5537 Sherwood Drive, Mound, MN 55364
Property in Mound
Sold Oct 02, 2020
$790,000
$928,000 by Delta Community Credit Union
Mortgage Due Jun 01, 2037
5537 Sherwood Drive has been categorized by the local assessors in Mound, MN as a residential type of property. The building on the property was first built in 1972 and is 52 years old. However, we must point out that the home was most recently renovated and altered in 2010. The home has a total of 5 rooms. 4 of these rooms are legally considered as bedrooms. Residents will have access to one full bathroom. There are 2 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 5537 Sherwood Drive has 1,456 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 30,056 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a ranch/rambler style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a attached garage for those who require parking. The garage measured 484 sqft. According to our sources, there are a total of 2 available parking spaces. Residents will have the luxury of enjoying both a unknown and a patio. Moving on to the building itself. The condition of the building has been evaluated as good. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of C+ by the local assessor. The building has a gable style roof made of asphalt. The exterior walls of the building are made of wood. While the interior walls have been made of gypsum boards such as those made of drywall, sheetrock, etc. As for the floors, you'll see that the home has flooring throughout. The inside of the home is being cooled with a packaged air conditioning unit at the moment. In terms of heating, it is utilizing a space/suspended heating system. There is a single fireplace in the home. Perfect for those wintery 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, 5537 Sherwood Drive sold most recently in Sep 15, 2020 for a total of $790,000. If you work out the math, that's approximately a cost of $542.58 per sqft. 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 $12,682 in taxes each year. 5537 Sherwood Drive was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $1,034,000. If we break it down further, the land itself was valued at $668,000. Improvements to the property, however, were assessed at a total of $366,000. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1972
  • Effective Year Built: 2010
  • Total Rooms: 5
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: Good
  • Building Quality: C+
  • Construction Type: Frame
  • Building Style: Ranch/Rambler
  • Exterior Walls Type: Wood
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Floor Cover: Carpet
  • Basement Type: Unfinished basement
  • Basement Area: 1,165
  • Garage Type: Attached
  • Garage Square Area: 484
  • Parking Space Count: 2
  • Patio Type: Patio

    Dimensions

  • Lot Size Square Feet: 30,056
  • Lot Size Frontage Feet: 150
  • Total Building Area: 1,456
  • Gross Building Area: 2,621
  • Building Area: 1,456
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Packed air conditioning unit
  • Heating: Space/suspended
  • Heated Square Feet: 1,456
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: SHERWOOD SHORES
  • Land Acres: 0.69
  • Standard Land Use Code: Single family residential
  • Legal Description 1: 005 001 SHERWOOD SHORES IRREGULAR

Ownership

  • Current Owner : ASKE LYLE A
  • Current Owner 2: ASKE TERRY L
  • Previous Owner : STONE DEBRA
  • Previous Owner 2: STONE JOHN
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Revocable Trust
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Westonka Public School District
  • School Tax School District: WESTONKA
  • Census Tract: 027601

Geography

  • Assessors Map Reference: MB:61985
  • District: 85
  • Parcel: 13-117-24-23-0037
  • Block: 1
  • Lot: 5
  • Meridian: SEC 13 QTR 23 TWN 117 RNG 24
  • Municipality: MOUND
  • Latitude: 44.9434
  • Longitude: -93.6642

    Address

  • Full Address: 5537 Sherwood Dr
  • Address - House Number: 5537
  • Address - Street Name: Sherwood
  • Address - Suffix Type: Dr
  • State: MN
  • City Name: Mound
  • Carrier Code: C002
  • 4-Digit Zip Code: 1531
  • Zip Code: 55364

Valuation

    Tax

  • Total Area: 2,912
  • Tax Year: 2023
  • Tax Amount: $12,682

    Appraisal Valuation

  • Standard Deviation: 0.1661
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 79
  • Final Value: 922,696
  • High Value: 1,076,008
  • Low Value: 769,383

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $928,000
  • First Open Lien Mortgage Lender: DELTA COMMUNITY CREDIT UNION
  • First Open Lien Mortgage Recording Date: May 12, 2022
  • First Open Lien Mortgage Loan Amount: $928,000
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jun 01, 2037

    Market Valuation

  • Market Total Value: $1,034,000
  • Market Land Value: $668,000
  • Market Improvement Value: $366,000

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $1,034,000
  • Assessed Land Value: $668,000
  • Assessed Improvements Value: $366,000

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 15, 2020
  • Current Sale Recording Date: Oct 02, 2020
  • Current Sale Transaction ID: 11792530229
  • Current Sale Price: $790,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: T05753324

    Last Sale Mortgage

  • First Mortgage Lender: DELTA COMMUNITY CU
  • First Mortgage Transaction Date: Oct 02, 2020
  • First Mortgage Loan Amount: $632,000
  • First Mortgage Terms: 180
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Oct 01, 2035

About Mound



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Frequently Asked Questions

What neighborhood is 5537 Sherwood Drive located in?
The 5537 Sherwood Drive is a located in the neighborhood of Mound in Mound, Mound.
What is the average sales price for listings in 5537 Sherwood Drive?
The average sales price for units in 5537 Sherwood Drive is $0 currently.

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