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7245 13th Avenue South

7245 13th Avenue South, Minneapolis, MN 55423
Sold May 24, 2021
$342,000
Buyer
Seller
$331,740 by Bank Of England
Mortgage Due Jun 01, 2051
Sold Nov 03, 2008
$235,000
$230,799 by Wells Fargo Bank Na
Mortgage Due Nov 01, 2038
7245 13th 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 1959 and is 65 years old. However, we must point out that the home was most recently renovated and altered in 1970. The home has a total of 7 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to one full bathroom. There are 2 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, 7245 13th Avenue South has 1,440 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 1,370 ft and across the front of the lot is 870 ft. The area measurement of the land has been determined as 10,890 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a ranch/rambler 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 detached garage for those who require parking. The garage measured 528 sqft. According to our sources, there are a total of 2 available parking spaces. Residents will have the luxury of enjoying a patio. Moving on to the building itself. The condition of the building has been evaluated as good. 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 metal. 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. 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, 7245 13th Avenue South sold most recently in May 14, 2021 for a total of $342,000. If you work out the math, that's approximately a cost of $237.50 per sqft. Before that, the property was also sold for $235,000 in Oct 13, 2008. 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 $4,846 in taxes each year. 7245 13th Avenue South was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $345,000. If we break it down further, the land itself was valued at $112,000. Improvements to the property, however, were assessed at a total of $233,000. The property's total market value has been marked the same as the total assessed value which is pretty typical. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!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.

Building Features

Exterior

Brick Exterior
Stone Exterior
Vinyl Siding

Driveway

Driveway

Parking

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

Building Info

Overview

    General

  • Year Built: 1959
  • Effective Year Built: 1970
  • Total Rooms: 7
  • Bedroom Count: 3
  • 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: Plaster
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Floor Cover: Carpet
  • Basement Type: Unfinished basement
  • Basement Area: 720
  • Garage Type: Detached
  • Garage Square Area: 528
  • Parking Space Count: 2
  • Patio Type: Patio

    Dimensions

  • Lot Size Square Feet: 10,890
  • Lot Size Depth Feet: 1,370
  • Lot Size Frontage Feet: 870
  • Total Building Area: 1,440
  • Gross Building Area: 2,160
  • Building Area: 1,440
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Packed air conditioning unit
  • Heating: Floor/wall
  • Heated Square Feet: 1,440
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: FALLDENS 4TH ADDN
  • Land Acres: 0.25
  • Standard Land Use Code: Single family residential
  • Legal Description 1: 008 004 FALLDENS 4TH ADDN W 87X137X7KX141

Ownership

  • Current Owner : MAY ANDREW J
  • Previous Owner : NOLTE JOHN D
  • Owner Before Previous Owner: HANSON EVY L
  • Owner Before Previous Owner 2: HANSON BRUCE
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Richfield Public School District
  • School Tax School District: RICHFIELD
  • Census Tract: 024904

Geography

  • Assessors Map Reference: MB:45383
  • District: 42
  • Parcel: 35-028-24-13-0070
  • Block: 4
  • Lot: 8
  • Meridian: SEC 35 QTR 13 TWN 028 RNG 24
  • Municipality: RICHFIELD
  • Latitude: 44.8713
  • Longitude: -93.2564

    Address

  • Full Address: 7245 13th Ave S
  • Address - House Number: 7245
  • Street Segment Direction: S
  • Address - Street Name: 13th
  • Address - Suffix Type: Ave
  • State: MN
  • City Name: Minneapolis
  • Carrier Code: C005
  • 4-Digit Zip Code: 3350
  • Zip Code: 55423

Valuation

    Tax

  • Total Area: 2,880
  • Tax Year: 2023
  • Tax Amount: $4,846

    Appraisal Valuation

  • Standard Deviation: 0.141
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 83
  • Final Value: 377,522
  • High Value: 430,788
  • Low Value: 324,255

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $673,740
  • First Open Lien Mortgage Lender: BANK OF ENGLAND
  • First Open Lien Mortgage Recording Date: May 24, 2021
  • First Open Lien Mortgage Loan Amount: $331,740
  • 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: Jun 01, 2051
  • Second Open Lien Mortgage Loan Amount: $342,000
  • Second Open Lien Mortgage Position: 2

    Market Valuation

  • Market Total Value: $345,000
  • Market Land Value: $112,000
  • Market Improvement Value: $233,000

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $345,000
  • Assessed Land Value: $112,000
  • Assessed Improvements Value: $233,000

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 14, 2021
  • Current Sale Recording Date: May 24, 2021
  • Current Sale Transaction ID: 11838261385
  • Current Sale Price: $342,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: A10966290
  • Previous Sale Recording Date: Nov 03, 2008
  • Previous Sale Contract Date: Oct 13, 2008
  • Previous Sale Amount: $235,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: BANK OF ENGLAND
  • First Mortgage Transaction Date: May 24, 2021
  • First Mortgage Loan Amount: $331,740
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: WELLS FARGO BANK NA
  • Previous Mortgage Transaction Date: Nov 03, 2008
  • Previous Mortgage Financing Type: Unknown
  • Previous Mortgage Loan Amount: $230,799
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Nov 01, 2038

About Southeast Richfield



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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 7245 13th Avenue South located in?
The 7245 13th Avenue South is a located in the neighborhood of Southeast Richfield in Southeast Richfield, Minneapolis.
What is the average sales price for listings in 7245 13th Avenue South?
The average sales price for units in 7245 13th Avenue South is $309,900 , or $143/sqft. currently.

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