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7126 12th Avenue South

7126 12th Avenue South, Minneapolis, MN 55423
Sold Nov 04, 2022
$295,500
$236,400 by Cmg Mortgage Inc
Mortgage Due Nov 01, 2052
Sold Aug 30, 2016
$210,000
$199,500 by Usaa Fsb
Mortgage Due Sep 01, 2046
7126 12th Avenue South in Minneapolis, MN was first built in 1954 and is 70 years old. Although, the building on the property was most recently renovated and altered in 1975. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a ranch/rambler style. It is a single story home. There are a total of 6 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there is only one bathroom. There are 2 partial bathrooms. 7126 12th Avenue South has 1,040 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 750 ft and the linear feet between the front and back of the lot is 1,320. In total, the area measurement of the land is 10,019 square feet.

Learn more about the property and building on this page. The home has a hip style roof made of asphalt. For those who need parking, there is a detached garage. The garage is 440 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 good. The exterior walls of the home are made of metal. 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 floor/wall heating system and being fueled with electricity. 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. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 7126 12th Avenue South was last sold in Oct 25, 2022 for $295,500. According to our calculations, that's $284.13 per sqft. Prior to that sales transaction, the property was sold for $210,000 in Aug 26, 2016. Current property owners are expected to pay $4,336 in taxes per year. The property on 7126 12th Avenue South was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $308,000. To break that down further, the land itself was valued at $115,000. While improvements to the property were assessed at a total of $193,000. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. 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.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

Building Features

Exterior

Block Exterior

Parking

Detached Garage
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1975
  • Total Rooms: 6
  • 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: Metal
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Hip
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Floor Cover: Carpet
  • Basement Type: Unfinished basement
  • Basement Area: 624
  • Garage Type: Detached
  • Garage Square Area: 440
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 10,019
  • Lot Size Depth Feet: 1,320
  • Lot Size Frontage Feet: 750
  • Total Building Area: 1,040
  • Gross Building Area: 1,664
  • Building Area: 1,040
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Packed air conditioning unit
  • Heating: Floor/wall
  • Heated Square Feet: 1,040
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: FALLDENS 3RD ADDN
  • Land Acres: 0.23
  • Standard Land Use Code: Single family residential
  • Legal Description 1: 001 001 FALLDENS 3RD ADDN 75 X 131.6

Ownership

  • Current Owner : MOROCHO TERESA
  • Current Owner 2: PUCHUELA CARLOS
  • Previous Owner : LEPISTO JACOB
  • Previous Owner 2: LEPISTO EMILY
  • Owner Before Previous Owner: LUND JEFFREY J
  • Owner Before Previous Owner 2: LUND TRACY A
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Richfield Public School District
  • School Tax School District: RICHFIELD
  • Census Tract: 024801

Geography

  • Assessors Map Reference: MB:45382
  • District: 42
  • Parcel: 35-028-24-21-0009
  • Block: 1
  • Lot: 1
  • Meridian: SEC 35 QTR 21 TWN 028 RNG 24
  • Municipality: RICHFIELD
  • Latitude: 44.8735
  • Longitude: -93.2583

    Address

  • Full Address: 7126 12th Ave S
  • Address - House Number: 7126
  • Street Segment Direction: S
  • Address - Street Name: 12th
  • Address - Suffix Type: Ave
  • State: MN
  • City Name: Minneapolis
  • Carrier Code: C028
  • 4-Digit Zip Code: 3339
  • Zip Code: 55423

Valuation

    Tax

  • Total Area: 2,080
  • Tax Year: 2023
  • Tax Amount: $4,336

    Appraisal Valuation

  • Standard Deviation: 0.1697
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 78
  • Final Value: 335,293
  • High Value: 392,224
  • Low Value: 278,362

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $236,400
  • First Open Lien Mortgage Lender: CMG MORTGAGE INC
  • First Open Lien Mortgage Recording Date: Nov 04, 2022
  • First Open Lien Mortgage Loan Amount: $236,400
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Balloon
  • First Open Lien Mortgage Loan Due Date: Nov 01, 2052

    Market Valuation

  • Market Total Value: $308,000
  • Market Land Value: $115,000
  • Market Improvement Value: $193,000

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $308,000
  • Assessed Land Value: $115,000
  • Assessed Improvements Value: $193,000

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 25, 2022
  • Current Sale Recording Date: Nov 04, 2022
  • Current Sale Transaction ID: 11899303505
  • Current Sale Price: $295,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 11160402
  • Previous Sale Recording Date: Aug 30, 2016
  • Previous Sale Contract Date: Aug 26, 2016
  • Previous Sale Amount: $210,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: CMG MORTGAGE INC
  • First Mortgage Transaction Date: Nov 04, 2022
  • First Mortgage Loan Amount: $236,400
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Balloon
  • First Mortgage Loan Due Date: Nov 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: USAA FSB
  • Previous Mortgage Transaction Date: Aug 30, 2016
  • Previous Mortgage Loan Amount: $199,500
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Sep 01, 2046

About Southeast Richfield



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Frequently Asked Questions

What neighborhood is 7126 12th Avenue South located in?
The 7126 12th Avenue South is a located in the neighborhood of Southeast Richfield in Southeast Richfield, Minneapolis.
What is the average sales price for listings in 7126 12th Avenue South?
The average sales price for units in 7126 12th Avenue South is $0 currently.

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