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7568 Arbor Lane

7568 Arbor Lane, Savage, MN 55378
Property in Savage
Sold Oct 11, 2022
$385,000
$305,000 by Summit Mortgage Corporation
Mortgage Due Oct 01, 2052
Sold Sep 09, 2022
$385,000
Local assessors in Savage, MN have categorized 7568 Arbor Lane as a residential type of property. The home was built in 2004 and is 20 years old. The property's lot size has been calculated to be 2,614 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a townhouse style. 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 4 full bathrooms. There are also 4 partial bathrooms. If we look only at the heated or air conditioned part of the building, then 7568 Arbor Lane has a total of 2,056 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations. There is a finished improved basement that is 598 sqft. Perfect for those looking for additional storage or living space such as a recreational room, additional bedroom, etc.

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. The home is connected to a sewer system. Which is great for homeowners who want a more hands-off approach to handling their wastewater disposal. 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 440 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 - D-. The building has a hip style roof that was made of asphalt. Lots of unknown 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, 7568 Arbor Lane sold most recently in Sep 7, 2022 for a total of $385,000. If you work out the math, that's approximately a cost of $187.26 per sqft. Before that, the property was also sold for $385,000 in Sep 9, 2022. That means the value of the property has remained about the same! Tax-wise, the current owner is expected to pay close to $3,598 in taxes each year. 7568 Arbor Lane was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $341,600. If we break it down further, the land itself was valued at $90,000. Improvements to the property, however, were assessed at a total of $251,600. The property's total market value has been marked the same as the total assessed value which is pretty typical. 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. 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
Block Exterior

Driveway

Driveway

Parking

Attached Garage
Open Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2004
  • Effective Year Built: 2004
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 9
  • Building Quality: D-
  • Building Style: Townhouse
  • Roof Shape Type: Hip
  • Roof Cover Type: Asphalt
  • Basement Type: Finished improved basement
  • Basement Area: 598
  • Garage Type: Garage
  • Garage Square Area: 440
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 2,614
  • Total Building Area: 2,056
  • Gross Building Area: 2,782
  • Building Area: 2,056
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 2,056
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: CRIMSON ARBOR
  • Land Acres: 0.06
  • Standard Land Use Code: Townhouse (residential)
  • Legal Description 1: SECTION 29 TOWNSHIP 115 RANGE 021 SUBDIVISIONNAME CRIMSON ARBOR LOT 035 BLOCK 001 SUBDIVISIONCD 26360

Ownership

  • Current Owner : JOHNSON WILLIAM R
  • Current Owner 2: JOHNSON MICHELLE I
  • Previous Owner : CHANCE ROBERT K
  • Previous Owner 2: CHANCE ROBIN C
  • Owner Before Previous Owner: CHANCE ROBERT
  • Owner Before Previous Owner 2: CHANCE ROBIN
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Prior Lake-Savage Area Schools
  • School Tax School District: PRIOR LAKE
  • School Tax District Code 2: CTY-SAVAGE
  • School Tax District Code 3: SPRNGLAKE WS
  • Census Tract: 080204

Geography

  • Assessors Map Reference: PM 26360
  • District: 0900
  • Parcel: 26-360035-0
  • Block: 001
  • Lot: 035
  • Meridian: SEC 29 TWN 115N RNG 21W
  • Municipality: CITY OF SAVAGE
  • Latitude: 44.7337
  • Longitude: -93.3742

    Address

  • Full Address: 7568 Arbor Ln
  • Address - House Number: 7568
  • Address - Street Name: Arbor
  • Address - Suffix Type: Ln
  • State: MN
  • City Name: Savage
  • Carrier Code: R023
  • 4-Digit Zip Code: 4700
  • Zip Code: 55378

Valuation

    Tax

  • Total Area: 2,056
  • Tax Year: 2023
  • Tax Amount: $3,598
  • Tax Rate Code Area: 2107

    Appraisal Valuation

  • Standard Deviation: 0.1171
  • Valuation Date: Sep 13, 2023
  • Confidence Score: 87
  • Final Value: 391,178
  • High Value: 437,003
  • Low Value: 345,352

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $305,000
  • First Open Lien Mortgage Lender: SUMMIT MORTGAGE CORPORATION
  • First Open Lien Mortgage Recording Date: Oct 11, 2022
  • First Open Lien Mortgage Loan Amount: $305,000
  • 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: Oct 01, 2052

    Market Valuation

  • Market Total Value: $341,600
  • Market Land Value: $90,000
  • Market Improvement Value: $251,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $341,600
  • Assessed Land Value: $90,000
  • Assessed Improvements Value: $251,600

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 07, 2022
  • Current Sale Recording Date: Oct 11, 2022
  • Current Sale Transaction ID: 11896817699
  • Current Sale Price: $385,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 1165122
  • Previous Sale Recording Date: Sep 09, 2022
  • Previous Sale Contract Date: Sep 09, 2022
  • Previous Sale Amount: $385,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: SUMMIT MORTGAGE CORPORATION
  • First Mortgage Transaction Date: Oct 11, 2022
  • First Mortgage Loan Amount: $305,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Oct 01, 2052

    Previous Mortgages

  • Previous Mortgage Transaction Date: Sep 09, 2022
  • Previous Mortgage Loan Amount: $305,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional

About Savage



Similar Buildings

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Nearby Rentals

Unit for rent at 13958 Edgewood Ave, Savage, MN, 55378

$1,565 /mo

  • 1 Bed
  • 1 Bath
  • 718 ft²
13958 Edgewood Ave #13944 Edgewood Ave - 216, Savage, MN, 55378 Listing by Manager

Frequently Asked Questions

What neighborhood is 7568 Arbor Lane located in?
The 7568 Arbor Lane is a located in the neighborhood of Savage in Savage, Savage.
What is the average sales price for listings in 7568 Arbor Lane?
The average sales price for units in 7568 Arbor Lane is $0 currently.

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