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5940 12th Avenue South

5940 12th Avenue South, Minneapolis, MN 55417
Sold Dec 05, 2019
$280,000
$280,000 by Home Federal Savings Bank
Mortgage Due Dec 01, 2049
Sold Nov 09, 2009
$222,500
Local assessors in Minneapolis, MN have categorized 5940 12th Avenue South as a residential type of property. The home was built in 1946 and is 78 years old. The property's lot size has been calculated to be 6,098 square feet. The linear feet between the front and back of the lot was measured at 1,180 ft and the front of the lot was measured at 500 ft. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 6 rooms in the home. Of these, 2 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 2 full bathrooms. There are also 2 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 5940 12th Avenue South has a total of 876 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 detached garage for those who need a place to park their vehicle. There are 2 available parking spaces so it's a great situation for those with more than one car. Moving onto specific details regarding the building. Our sources show that the building condition is average. 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 wood control joints. 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 - C-. The building has a gable style roof that was made of asphalt. Lots of alum/vinyl siding 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. 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, 5940 12th Avenue South sold most recently in Nov 19, 2019 for a total of $280,000. If you work out the math, that's approximately a cost of $319.63 per sqft. Before that, the property was also sold for $222,500 in Aug 26, 2009. 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 $3,830 in taxes each year. 5940 12th Avenue South was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $313,000. If we break it down further, the land itself was valued at $124,000. Improvements to the property, however, were assessed at a total of $189,000. The property's total market value has been marked the same as the total assessed value which is pretty typical. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. 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

Vinyl Siding

Driveway

Driveway

Parking

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

Building Info

Overview

    General

  • Year Built: 1946
  • Effective Year Built: 1946
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C-
  • Construction Type: Wood
  • Exterior Walls Type: Alum/Vinyl siding
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Basement Type: Unspecified basement
  • Basement Area: 876
  • Garage Type: Detached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 6,098
  • Lot Size Depth Feet: 1,180
  • Lot Size Frontage Feet: 500
  • Total Building Area: 876
  • Building Area: 876
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 876
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: EDGEWATER ON NOKOMIS 2ND ADDN
  • Land Acres: 0.14
  • Standard Land Use Code: Single family residential
  • Legal Description 1: 011 022 EDGEWATER ON NOKOMIS 2ND ADDN 50.00 X 118.00

Ownership

  • Current Owner : FAIRBAIRN ELIZABETH M
  • Current Owner 2: PETERSEN MARK A
  • Previous Owner : DUFFNEY CRAIG A
  • Previous Owner 2: LISTA CARA
  • Owner Before Previous Owner: ASHER HOLLY M
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Minneapolis Public School District
  • School Tax School District: MINNEAPOLIS
  • Census Tract: 011704

Zoning

  • Zoning: R1

Geography

  • Assessors Map Reference: MB:14660
  • District: 01
  • Parcel: 23-028-24-31-0175
  • Block: 22
  • Lot: 11
  • Meridian: SEC 23 QTR 31 TWN 028 RNG 24
  • Municipality: MINNEAPOLIS
  • Latitude: 44.8946
  • Longitude: -93.2582

    Address

  • Full Address: 5940 12th Ave S
  • Address - House Number: 5940
  • Street Segment Direction: S
  • Address - Street Name: 12th
  • Address - Suffix Type: Ave
  • State: MN
  • City Name: Minneapolis
  • Carrier Code: C026
  • 4-Digit Zip Code: 3210
  • Zip Code: 55417

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,830

    Appraisal Valuation

  • Standard Deviation: 0.1644
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 79
  • Final Value: 332,427
  • High Value: 387,090
  • Low Value: 277,764

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $280,000
  • First Open Lien Mortgage Lender: HOME FEDERAL SAVINGS BANK
  • First Open Lien Mortgage Recording Date: Dec 05, 2019
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $280,000
  • 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: Dec 01, 2049

    Market Valuation

  • Market Total Value: $313,000
  • Market Land Value: $124,000
  • Market Improvement Value: $189,000

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $313,000
  • Assessed Land Value: $124,000
  • Assessed Improvements Value: $189,000

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 19, 2019
  • Current Sale Recording Date: Dec 05, 2019
  • Current Sale Transaction ID: 11706867791
  • Current Sale Price: $280,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: A10732831
  • Previous Sale Recording Date: Nov 09, 2009
  • Previous Sale Contract Date: Aug 26, 2009
  • Previous Sale Amount: $222,500
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: HOME FEDERAL SAVINGS BANK
  • First Mortgage Transaction Date: Dec 05, 2019
  • First Mortgage Loan Amount: $280,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Dec 01, 2049

    Financing

  • First Mortgage Financing Type: Adjustable Rate

About Nokomis



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Frequently Asked Questions

What neighborhood is 5940 12th Avenue South located in?
The 5940 12th Avenue South is a house located in the neighborhood of Diamond Lake in Nokomis, Minneapolis.
What is the average sales price for listings in 5940 12th Avenue South?
The average sales price for units in 5940 12th Avenue South is $0 currently.

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