Check Availability

5952 Mayfair Road Northeast

5952 Mayfair Road Northeast, Prior Lake, MN 55372
Property in Prior Lake
Sold Mar 01, 2021
$457,051
$411,300 by M/i Financial Llc
Mortgage Due Mar 01, 2051
Local assessors in Prior Lake, MN have categorized 5952 Mayfair Road Northeast as a residential type of property. The home was built in 2020 and is 4 years old. The property's lot size has been calculated to be 17,424 square feet. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 3 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 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 5952 Mayfair Road Northeast has a total of 2,214 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 garage for those who need a place to park their vehicle. The garage on the property is 640 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. 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 roof that is made of asphalt. Lots of a combination of material 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. 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, 5952 Mayfair Road Northeast sold most recently in Feb 25, 2021 for a total of $457,051. If you work out the math, that's approximately a cost of $206.44 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 $5,316 in taxes each year. 5952 Mayfair Road Northeast was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $493,600. If we break it down further, the land itself was valued at $134,000. Improvements to the property, however, were assessed at a total of $359,600. 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: 2020
  • Effective Year Built: 2020
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Quality: C
  • Exterior Walls Type: Combination
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Basement Type: Unspecified basement
  • Basement Area: 978
  • Garage Type: Garage
  • Garage Square Area: 640
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 17,424
  • Total Building Area: 2,214
  • Building Area: 2,214
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 2,214
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: HAVEN RIDGE 3RD ADDN
  • Land Acres: 0.4
  • Standard Land Use Code: Single family residential
  • Legal Description 1: BLOCK 003 LOT 006 SUBDIVISIONCD 25549 SUBDIVISIONNAME HAVEN RIDGE 3RD ADDN

Ownership

  • Current Owner : FALK ALEXANDER
  • Current Owner 2: FALK BROOKE
  • Previous Owner : M I HOMES OF MINNEAPOLIS ST PAUL LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Prior Lake-Savage Area Schools
  • School Tax School District: SHAKOPEE
  • School Tax District Code 2: CTY-PRIOR LAKE
  • School Tax District Code 3: SPRNGLAKE WS
  • Census Tract: 080905

Geography

  • Assessors Map Reference: PM 25549
  • District: 0800
  • Parcel: 25-549027-0
  • Block: 003
  • Lot: 006
  • Municipality: CITY OF PRIOR LAKE
  • Latitude: 44.7507
  • Longitude: -93.4002

    Address

  • Full Address: 5952 Mayfair Rd Ne
  • Address - House Number: 5952
  • Street Segment Direction: NE
  • Address - Street Name: Mayfair
  • Address - Suffix Type: Rd
  • State: MN
  • City Name: Prior Lake
  • Carrier Code: R021
  • 4-Digit Zip Code: 7514
  • Zip Code: 55372

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $5,316
  • Tax Rate Code Area: 2007

    Appraisal Valuation

  • Standard Deviation: 0.141
  • Valuation Date: Sep 13, 2023
  • Confidence Score: 83
  • Final Value: 570,259
  • High Value: 650,668
  • Low Value: 489,850

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $411,300
  • First Open Lien Mortgage Lender: M/I FINANCIAL LLC
  • First Open Lien Mortgage Recording Date: Mar 01, 2021
  • First Open Lien Mortgage Loan Amount: $411,300
  • 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: Mar 01, 2051

    Market Valuation

  • Market Total Value: $493,600
  • Market Land Value: $134,000
  • Market Improvement Value: $359,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $493,600
  • Assessed Land Value: $134,000
  • Assessed Improvements Value: $359,600

    Sales

  • Current Sale Contract Date: Feb 25, 2021
  • Current Sale Recording Date: Mar 01, 2021
  • Current Sale Transaction ID: 11822315503
  • Current Sale Price: $457,051
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 1121248

    Last Sale Mortgage

  • First Mortgage Lender: M/I FINANCIAL LLC
  • First Mortgage Transaction Date: Mar 01, 2021
  • First Mortgage Loan Amount: $411,300
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Mar 01, 2051

About Prior Lake



Similar Buildings

Currently no similar buildings around

Nearby Rentals

Unit for rent at 7636 Oakridge Trail, Shakopee, MN, 55379

$2,900 /mo

  • 4 Beds
  • 2.5 Baths
  • 2,636 ft²
7636 Oakridge Trail, Shakopee, MN, 55379 Listing by Anand Prashad

Frequently Asked Questions

What neighborhood is 5952 Mayfair Road Northeast located in?
The 5952 Mayfair Road Northeast is a located in the neighborhood of Prior Lake in Prior Lake, Prior Lake.
What is the average sales price for listings in 5952 Mayfair Road Northeast?
The average sales price for units in 5952 Mayfair Road Northeast is $0 currently.

Quantcast