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716 7th Avenue South

716 7th Avenue South, Hopkins, MN 55343
Property in Hopkins
Sold Aug 06, 2001
$154,400
$175,000 by Bell Bank
Mortgage Due Feb 01, 2050
716 7th Avenue South has been categorized by the local assessors in Hopkins, MN as a residential type of property. The building on the property was first built in 1925 and is 99 years old. However, we must point out that the home was most recently renovated and altered in 1970. The home has a total of 6 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to one full bathroom. There is one partial bathroom in the home. The building has a total of 2 stories. In addition, 716 7th Avenue South has 1,086 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 1,300 ft and across the front of the lot is 750 ft. The area measurement of the land has been determined as 9,583 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a bungalow 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 280 sqft. According to our sources, there is one available parking space. 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 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 stucco. While the interior walls have been made of plaster. 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 floor/wall heating system and being fueled with electricity. 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, 716 7th Avenue South was last sold in Jun 29, 2001 for $154,400. According to our calculations, that's $142.17 per sqft. Current property owners are expected to pay $3,940 in taxes per year. The property on 716 7th Avenue South was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $281,000. To break that down further, the land itself was valued at $114,000. While improvements to the property were assessed at a total of $167,000. 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. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1970
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Average
  • Building Quality: C-
  • Construction Type: Frame
  • Building Style: Bungalow
  • Exterior Walls Type: Stucco
  • Interior Walls Type: Plaster
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 1
  • Floor Cover: Carpet
  • Basement Type: Unfinished basement
  • Basement Area: 210
  • Garage Type: Attached
  • Garage Square Area: 280
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 9,583
  • Lot Size Depth Feet: 1,300
  • Lot Size Frontage Feet: 750
  • Total Building Area: 1,086
  • Gross Building Area: 1,296
  • Building Area: 1,086
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Packed air conditioning unit
  • Heating: Floor/wall
  • Heated Square Feet: 1,086
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: WEST MINNEAPOLIS ANNEX
  • Land Acres: 0.22
  • Standard Land Use Code: Single family residential
  • Legal Description 1: 007 WEST MINNEAPOLIS ANNEX LOTS 7 8 AND 9 E 75 X 130

Ownership

  • Current Owner : MAGNUSON KIMBERLY
  • Previous Owner : SULLWOLD ETHEL M
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Hopkins Public School District
  • School Tax School District: HOPKINS
  • Census Tract: 023401

Geography

  • Assessors Map Reference: MB:37650
  • District: 30
  • Parcel: 25-117-22-42-0098
  • Block: 7
  • Lot: 7-8
  • Meridian: SEC 25 QTR 42 TWN 117 RNG 22
  • Municipality: HOPKINS
  • Latitude: 44.9128
  • Longitude: -93.4093

    Address

  • Full Address: 716 7th Ave S
  • Address - House Number: 716
  • Street Segment Direction: S
  • Address - Street Name: 7th
  • Address - Suffix Type: Ave
  • State: MN
  • City Name: Hopkins
  • Carrier Code: C019
  • 4-Digit Zip Code: 7729
  • Zip Code: 55343

Valuation

    Tax

  • Total Area: 1,822
  • Tax Year: 2023
  • Tax Amount: $3,940

    Appraisal Valuation

  • Standard Deviation: 0.1564
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 80
  • Final Value: 314,042
  • High Value: 363,184
  • Low Value: 264,900

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $336,500
  • First Open Lien Mortgage Lender: BELL BANK
  • First Open Lien Mortgage Recording Date: Jan 21, 2020
  • First Open Lien Mortgage Loan Amount: $175,000
  • 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: Feb 01, 2050
  • Second Open Lien Mortgage Lender: STATE BANK & TRUST CO
  • Second Open Lien Mortgage Recording Date: Aug 31, 2012
  • Second Open Lien Mortgage Loan Amount: $161,500
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: New Conventional
  • Second Open Lien Mortgage Loan Due Date: Sep 01, 2042

    Market Valuation

  • Market Total Value: $281,000
  • Market Land Value: $114,000
  • Market Improvement Value: $167,000

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $281,000
  • Assessed Land Value: $114,000
  • Assessed Improvements Value: $167,000

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 29, 2001
  • Current Sale Recording Date: Aug 06, 2001
  • Current Sale Transaction ID: 1186947942
  • Current Sale Price: $154,400
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 770766

About Minnetonka - Hopkins



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Frequently Asked Questions

What neighborhood is 716 7th Avenue South located in?
The 716 7th Avenue South is a located in the neighborhood of Hopkins in Minnetonka - Hopkins, Hopkins.
What is the average sales price for listings in 716 7th Avenue South?
The average sales price for units in 716 7th Avenue South is $0 currently.

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