1320 Melvina Lane

Local assessors in Alexandria, MN have categorized 1320 Melvina Lane as a residential type of property. The home was built in 1971 and is 53 years old. The property's lot size has been calculated to be 17,860 square feet. If we look only at the heated or air conditioned part of the building, then 1320 Melvina Lane has a total of 1,232 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 mixed used garage for those who need a place to park their vehicle. The garage on the property is 864 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. 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, 1320 Melvina Lane was last sold in Nov 22, 2019 for $186,000. According to our calculations, that's $150.97 per sqft. Current property owners are expected to pay $1,660 in taxes per year. The property on 1320 Melvina Lane was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $203,100. To break that down further, the land itself was valued at $25,500. While improvements to the property were assessed at a total of $177,600. 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 possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.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.