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8054 Terraceview Lane North

8054 Terraceview Lane North, Osseo, MN 55311
Property in Maple Grove
Sold Jul 21, 2021
$552,000
$441,600 by Fairway Independent Mortgage C
Mortgage Due Aug 01, 2051
Sold Jun 15, 2016
$415,000
$332,000 by Mortgages Unlimited Inc
Mortgage Due Jun 01, 2046
Local assessors in Osseo, MN have categorized 8054 Terraceview Lane North as a residential type of property. The home was built in 1998 and is 26 years old. It was most recently renovated and altered in 2002. The property's lot size has been calculated to be 12,632 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a style that we are currently unable to determine. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 11 rooms in the home. Of these, 4 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. 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 8054 Terraceview Lane North has a total of 2,082 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 attached garage for those who need a place to park their vehicle. The garage on the property is 729 sqft. There are 3 available parking spaces so it's a great situation for those with more than one car. Do you like to entertain? The home has a patio so you'll have a great option in the back of the home. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. The building has a gable style roof that was made of asphalt. Lots of materials we are unsure of were used in the construction of the exterior walls of the home. While the walls in the interior have been made of gypsum boards such as those made of drywall, sheetrock, etc. As for flooring, was the material of choice during construction. Residents rely on a packaged air conditioning unit for their cooling system. The home's floor/wall heating system is the primary heating source and it is being fueled with electricity. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. 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, 8054 Terraceview Lane North sold most recently in Jul 9, 2021 for a total of $552,000. If you work out the math, that's approximately a cost of $265.13 per sqft. Before that, the property was also sold for $415,000 in May 13, 2016. 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 $6,824 in taxes each year. 8054 Terraceview Lane North was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $547,900. If we break it down further, the land itself was valued at $118,100. Improvements to the property, however, were assessed at a total of $429,800. The property's total market value has been marked the same as the total assessed value which is pretty typical. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.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: 1998
  • Effective Year Built: 2002
  • Total Rooms: 11
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Construction Type: Frame
  • Building Style: Other
  • Exterior Walls Type: Other
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 1
  • Floor Cover: Carpet
  • Basement Type: Unspecified basement
  • Basement Area: 950
  • Garage Type: Attached
  • Garage Square Area: 729
  • Parking Space Count: 3
  • Patio Type: Patio

    Dimensions

  • Lot Size Square Feet: 12,632
  • Lot Size Depth Feet: 1,200
  • Total Building Area: 2,082
  • Gross Building Area: 3,032
  • Building Area: 2,082
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Packed air conditioning unit
  • Heating: Floor/wall
  • Heated Square Feet: 2,082
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: TIMBER CREEK OF MAPLE GROVE
  • Land Acres: 0.29
  • Standard Land Use Code: Single family residential
  • Legal Description 1: 009 005 TIMBER CREEK OF MAPLE GROVE SW145X120X102X102

Ownership

  • Current Owner : SERVI ANDREW
  • Current Owner 2: SERVI AMY
  • Previous Owner : NEES KYLE B
  • Previous Owner 2: NEES RACHEL A
  • Owner Before Previous Owner: JOHNSON NATHAN THOMAS
  • Owner Before Previous Owner 2: JOHNSON LAUREN ASHLEY
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Osseo Public School District
  • School Tax School District: OSSEO
  • Census Tract: 026720

Geography

  • Assessors Map Reference: MB:06195
  • District: 76
  • Parcel: 21-119-22-32-0013
  • Block: 5
  • Lot: 9
  • Meridian: SEC 21 QTR 32 TWN 119 RNG 22
  • Municipality: MAPLE GROVE
  • Latitude: 45.1016
  • Longitude: -93.4782

    Address

  • Full Address: 8054 Terraceview Ln N
  • Address - House Number: 8054
  • Street Segment Direction: N
  • Address - Street Name: Terraceview
  • Address - Suffix Type: Ln
  • State: MN
  • City Name: Maple Grove
  • Carrier Code: R019
  • 4-Digit Zip Code: 2199
  • Zip Code: 55311

Valuation

    Tax

  • Total Area: 2,082
  • Tax Year: 2023
  • Tax Amount: $6,824

    Appraisal Valuation

  • Standard Deviation: 0.1377
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 83
  • Final Value: 598,662
  • High Value: 681,148
  • Low Value: 516,177

    Open Liens

  • Total Open Liens: 3
  • Total Open Liens Amount: $933,300
  • First Open Lien Mortgage Lender: FAIRWAY INDEPENDENT MORTGAGE C
  • First Open Lien Mortgage Recording Date: Jul 21, 2021
  • First Open Lien Mortgage Loan Amount: $441,600
  • 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: Aug 01, 2051
  • Second Open Lien Mortgage Loan Amount: $436,700
  • Second Open Lien Mortgage Position: 2
  • Third Open Lien Mortgage Lender: FIRST STATE BANK OF SAUK CENTR
  • Third Open Lien Mortgage Recording Date: Oct 22, 2021
  • Third Open Lien Mortgage Financing Type: Variable
  • Third Open Lien Mortgage Loan Amount: $55,000
  • Third Open Lien Mortgage Term: 191
  • Third Open Lien Mortgage Position: 3
  • Third Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • Third Open Lien Mortgage Loan Due Date: Oct 26, 2037

    Market Valuation

  • Market Total Value: $547,900
  • Market Land Value: $118,100
  • Market Improvement Value: $429,800

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $547,900
  • Assessed Land Value: $118,100
  • Assessed Improvements Value: $429,800

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 09, 2021
  • Current Sale Recording Date: Jul 21, 2021
  • Current Sale Transaction ID: 11846390374
  • Current Sale Price: $552,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: T05858371
  • Previous Sale Recording Date: Jun 15, 2016
  • Previous Sale Contract Date: May 13, 2016
  • Previous Sale Amount: $415,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FAIRWAY INDEPENDENT MORTGAGE C
  • First Mortgage Transaction Date: Jul 21, 2021
  • First Mortgage Loan Amount: $441,600
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: MORTGAGES UNLIMITED INC
  • Previous Mortgage Transaction Date: Jun 15, 2016
  • Previous Mortgage Loan Amount: $332,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jun 01, 2046

About Brooklyn Park - Maple Grove



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Nearby Rentals

Unit for rent at 15302 67th Avenue N, Maple Grove, MN, 55311

$3,000 /mo

  • 3 Beds
  • 2 Baths
  • 2,045 ft²
15302 67th Avenue N, Maple Grove, MN, 55311 Listing by Brent Peterson

Frequently Asked Questions

What neighborhood is 8054 Terraceview Lane North located in?
The 8054 Terraceview Lane North is a located in the neighborhood of Maple Grove in Brooklyn Park - Maple Grove, Osseo.
What is the average sales price for listings in 8054 Terraceview Lane North?
The average sales price for units in 8054 Terraceview Lane North is $0 currently.

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