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5740 14th Avenue South

5740 14th Avenue South, Minneapolis, MN 55417
Property in Diamond Lake
Sold Dec 29, 2021
$435,000
$413,250 by Pennymac Loan Services Llc
Mortgage Due Jan 01, 2052
Sold Jun 08, 2018
$371,000
$359,870 by Summit Mortgage Corp
Mortgage Due Jun 01, 2048
5740 14th Avenue South has been categorized by the local assessors in Minneapolis, MN as a residential type of property. The building on the property was first built in 1948 and is 76 years old. The home has a total of 8 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to 3 full bathrooms. There are 3 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, 5740 14th Avenue South has 1,318 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,280 ft and across the front of the lot is 480 ft. The area measurement of the land has been determined as 6,098 square feet.

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 detached garage for those who require parking. According to our sources, there is one available parking space. Residents will have the luxury of enjoying a unknown. Moving on to the building itself. The condition of the building has been evaluated as average. 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 wood 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 stucco. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a forced air unit. 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, 5740 14th Avenue South sold most recently in Dec 7, 2021 for a total of $435,000. If you work out the math, that's approximately a cost of $330.05 per sqft. Before that, the property was also sold for $371,000 in Jun 5, 2018. 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 $5,966 in taxes each year. 5740 14th Avenue South was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $444,000. If we break it down further, the land itself was valued at $126,000. Improvements to the property, however, were assessed at a total of $318,000. The property's total market value has been marked the same as the total assessed value which is pretty typical. 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.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: 1948
  • Effective Year Built: 1948
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Wood
  • Exterior Walls Type: Stucco
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Basement Type: Unspecified basement
  • Basement Area: 942
  • Garage Type: Detached
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 6,098
  • Lot Size Depth Feet: 1,280
  • Lot Size Frontage Feet: 480
  • Total Building Area: 1,318
  • Building Area: 1,318
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 1,318
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: EDGEWATER ON NOKOMIS 3RD ADDN
  • Land Acres: 0.14
  • Standard Land Use Code: Single family residential
  • Legal Description 1: 010 002 EDGEWATER ON NOKOMIS 3RD ADDN 48.00 X 128.00

Ownership

  • Current Owner : MARTIN ANTHONY
  • Current Owner 2: BLANEY JANE
  • Previous Owner : LAIRD MICHAEL
  • Previous Owner 2: LAIRD LINDSAY
  • Owner Before Previous Owner: FRENCH BRYANA H
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Minneapolis Public School District
  • School Tax School District: MINNEAPOLIS
  • Census Tract: 011704

Zoning

  • Zoning: R1

Geography

  • Assessors Map Reference: MB:14670
  • District: 01
  • Parcel: 23-028-24-13-0148
  • Block: 2
  • Lot: 10
  • Meridian: SEC 23 QTR 13 TWN 028 RNG 24
  • Municipality: MINNEAPOLIS
  • Latitude: 44.8982
  • Longitude: -93.2555

    Address

  • Full Address: 5740 14th Ave S
  • Address - House Number: 5740
  • Street Segment Direction: S
  • Address - Street Name: 14th
  • Address - Suffix Type: Ave
  • State: MN
  • City Name: Minneapolis
  • Carrier Code: C023
  • 4-Digit Zip Code: 2535
  • Zip Code: 55417

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $5,966

    Appraisal Valuation

  • Standard Deviation: 0.1631
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 79
  • Final Value: 461,892
  • High Value: 537,263
  • Low Value: 386,520

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $413,250
  • First Open Lien Mortgage Lender: PENNYMAC LOAN SERVICES LLC
  • First Open Lien Mortgage Recording Date: Dec 29, 2021
  • First Open Lien Mortgage Loan Amount: $413,250
  • 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: Jan 01, 2052

    Market Valuation

  • Market Total Value: $444,000
  • Market Land Value: $126,000
  • Market Improvement Value: $318,000

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $444,000
  • Assessed Land Value: $126,000
  • Assessed Improvements Value: $318,000

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Dec 07, 2021
  • Current Sale Recording Date: Dec 29, 2021
  • Current Sale Transaction ID: 11876949655
  • Current Sale Price: $435,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: T05910334
  • Previous Sale Recording Date: Jun 08, 2018
  • Previous Sale Contract Date: Jun 05, 2018
  • Previous Sale Amount: $371,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: PENNYMAC LOAN SERVICES LLC
  • First Mortgage Transaction Date: Dec 29, 2021
  • First Mortgage Loan Amount: $413,250
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jan 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: SUMMIT MORTGAGE CORP
  • Previous Mortgage Transaction Date: Jun 08, 2018
  • Previous Mortgage Loan Amount: $359,870
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jun 01, 2048

About Nokomis



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Frequently Asked Questions

What neighborhood is 5740 14th Avenue South located in?
The 5740 14th Avenue South is a located in the neighborhood of Diamond Lake in Nokomis, Minneapolis.
What is the average sales price for listings in 5740 14th Avenue South?
The average sales price for units in 5740 14th Avenue South is $0 currently.

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