4503 Grimes Avenue

4503 Grimes Avenue 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 1985 and is 39 years old. However, we must point out that the home was most recently renovated and altered in 2015. The home has a total of 12 rooms. 5 of these rooms are legally considered as bedrooms. Residents will have access to 5 full bathrooms. There are 5 partial bathrooms in the home. The building has a total of 2 stories. In addition, 4503 Grimes Avenue has 3,173 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 1,500 ft and across the front of the lot is 500 ft. The area measurement of the land has been determined as 7,405 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 attached garage for those who require parking. The garage measured 460 sqft. According to our sources, there are a total of 2 available parking spaces. Residents will have the luxury of enjoying both a unknown and a patio. 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. The building has a hip style roof made of wood. The exterior walls of the building are made of wood. While the interior walls have been made of gypsum boards such as those made of drywall, sheetrock, etc. 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. There is a single fireplace in the home. Perfect for those wintery nights. The property was last sold in May 14, 2018 for $1,480,000. That's $466.44 per sqft. Prior to that sales transaction, the property was also sold in Jun 15, 2017 for $489,900. 4503 Grimes Avenue was last assessed in 2022. The total value of the property was assessed at $1,425,800. Specifically, the land the property is located on was valued at $406,000. While improvements on the property were assessed at a total of $1,019,800. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $20,682. 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. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.