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5725 Xerxes Avenue

5725 Xerxes Avenue, Minneapolis, MN 55410
Property in Armatage
Sold Apr 21, 2021
$490,000
$392,000 by Fairway Independent Mortgage C
Mortgage Due May 01, 2051
Sold Jan 02, 2020
$415,000
$207,500 by Envoy Mortgage Ltd
Mortgage Due Jan 01, 2050
Local assessors in Minneapolis, MN have categorized 5725 Xerxes Avenue as a residential type of property. The home was built in 1960 and is 64 years old. The property's lot size has been calculated to be 5,227 square feet. The linear feet between the front and back of the lot was measured at 1,270 ft and the front of the lot was measured at 400 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a duplex style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 8 rooms in the home. Of these, 4 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 2 full bathrooms. There are also 2 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 5725 Xerxes Avenue has a total of 1,650 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a detached garage for those who need a place to park their vehicle. There are 2 available parking spaces so it's a great situation for those with more than one car. Moving onto specific details regarding the building. Our sources show that the building condition is average. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with wood control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. The building has a hip style roof that was made of asphalt. Lots of stucco were used in the construction of the exterior walls of the home. Residents rely on air conditioning for their cooling system. The home's a forced air unit is the primary heating source. The property was last sold in Apr 6, 2021 for $490,000. That's $296.97 per sqft. Prior to that sales transaction, the property was also sold in Dec 9, 2019 for $415,000. 5725 Xerxes Avenue was last assessed in 2022. The total value of the property was assessed at $478,000. Specifically, the land the property is located on was valued at $124,000. While improvements on the property were assessed at a total of $354,000. 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 $6,992. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one. 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: 1960
  • Effective Year Built: 1960
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Wood
  • Building Style: Duplex
  • Exterior Walls Type: Stucco
  • Roof Shape Type: Hip
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Basement Type: Unspecified basement
  • Basement Area: 1,650
  • Garage Type: Detached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 5,227
  • Lot Size Depth Feet: 1,270
  • Lot Size Frontage Feet: 400
  • Total Building Area: 1,650
  • Gross Building Area: 1,650
  • Building Area: 1,650
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 1,650
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: HARRIET MANOR
  • Land Acres: 0.12
  • Standard Land Use Code: Duplex (2 units, any combination)
  • Legal Description 1: 024 005 HARRIET MANOR 40.00 X 127.00

Ownership

  • Current Owner : HOLCOMB NICHOLAS
  • Current Owner 2: HOLCOMB AMELIA
  • Previous Owner : JACKSON PAUL JONATHAN
  • Previous Owner 2: JACKSON REENA
  • Owner Before Previous Owner: GALVE HOMES LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Minneapolis Public School District
  • School Tax School District: MINNEAPOLIS
  • Census Tract: 012001

Zoning

  • Zoning: R2B

Geography

  • Assessors Map Reference: MB:22730
  • District: 01
  • Parcel: 20-028-24-13-0077
  • Block: 5
  • Lot: 24
  • Meridian: SEC 20 QTR 13 TWN 028 RNG 24
  • Municipality: MINNEAPOLIS
  • Latitude: 44.899
  • Longitude: -93.3185

    Address

  • Full Address: 5725 Xerxes Ave S
  • Address - House Number: 5725
  • Street Segment Direction: S
  • Address - Street Name: Xerxes
  • Address - Suffix Type: Ave
  • State: MN
  • City Name: Minneapolis
  • Carrier Code: C023
  • 4-Digit Zip Code: 2640
  • Zip Code: 55410

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $6,992

    Appraisal Valuation

  • Standard Deviation: 0.1708
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 78
  • Final Value: 511,081
  • High Value: 598,383
  • Low Value: 423,780

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $392,000
  • First Open Lien Mortgage Lender: FAIRWAY INDEPENDENT MORTGAGE C
  • First Open Lien Mortgage Recording Date: Apr 21, 2021
  • First Open Lien Mortgage Loan Amount: $392,000
  • 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, 2051

    Market Valuation

  • Market Total Value: $478,000
  • Market Land Value: $124,000
  • Market Improvement Value: $354,000

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $478,000
  • Assessed Land Value: $124,000
  • Assessed Improvements Value: $354,000

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 06, 2021
  • Current Sale Recording Date: Apr 21, 2021
  • Current Sale Transaction ID: 11833923540
  • Current Sale Price: $490,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: A10950119
  • Previous Sale Recording Date: Jan 02, 2020
  • Previous Sale Contract Date: Dec 09, 2019
  • Previous Sale Amount: $415,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FAIRWAY INDEPENDENT MORTGAGE C
  • First Mortgage Transaction Date: Apr 21, 2021
  • First Mortgage Loan Amount: $392,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: May 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: ENVOY MORTGAGE LTD
  • Previous Mortgage Transaction Date: Jan 02, 2020
  • Previous Mortgage Loan Amount: $207,500
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jan 01, 2050

About Southwest Minneapolis



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Frequently Asked Questions

What neighborhood is 5725 Xerxes Avenue located in?
The 5725 Xerxes Avenue is a located in the neighborhood of Armatage in Southwest Minneapolis, Minneapolis.
What is the average sales price for listings in 5725 Xerxes Avenue?
The average sales price for units in 5725 Xerxes Avenue is $0 currently.

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