5 months on rocket

4950 Penn Ave N, Minneapolis, MN, 55430

$307,000

Home List Price

$3,646*

Closing Credit

4 Bedrooms
1 Full Bath
1,936 SqFt
$159/SqFt
House
Schools Nearby

Location

Image provided by Mapbox

Get An Agent. Get A Mortgage.

Save BIG.

Rocket Homes logo

4950 Penn Ave N, Minneapolis$307,000

Buyer Closing Credits

$3,646*

1.25% Loan Amount

Rocket Homes logo

Still Have Questions? Contact Us.

Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeSingle Family Residence
ParkingDetached, Concrete
Garage2 spaces
Year Built1958
HeatingForced Air
CoolingCentral Air
BasementYes
MLS #6461629
StatusActive

About 4950 Penn Ave N

**Opportunity knocks with seller financing** Welcome to this solid mid-century rambler on a large double lot. Expansive spaces, large, vintage kitchen with informal dining and natural light. Charming entry introduces you to an open and sun filled living room leading to a separate bedroom wing. The lower level offers a family room that is a time capsule from the 50's with two additional bedrooms and 3/4 bath. Convenient main floor laundry. Seller financing available.

Property Details

Property Features

Property Information:

  • Year Built: 1958
  • Living Area: 1,936 SqFt

Listing Office:

  • Office Name: Coldwell Banker Realty

Interior Features

Interior Information:

  • Appliances: Cooktop, Dishwasher, Double Oven, Dryer, Exhaust Fan, Gas Water Heater, Refrigerator, Oven, Washer
  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 4

Exterior Features

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: No
  • Parking: Detached, Concrete

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Patrick Henry High School, Public District Grades 9-12
  • Olson Middle School, Public District Grades 6-8
  • Loring Community School, Public District Grades PK-5
  • Jenny Lind Elementary, Public District Grades PK-5

Other

Directions Information:

  • Directions: Brooklyn Blvd to Osseo Rd to 49th E to Penn Ave N.

Price Information

Listing Price Info

Price Summary:

  • List Price: $307,000
  • Price Per SqFt: $159/SqFt

Tax Information:

  • Annual Amount: $2,000
  • Tax Year: 2020
House and calculator

What can I afford?

Understand what home price range makes sense for your budget.

Housing Market Comparison

See how this home compares to others in Minneapolis, MN.

Map thumbnail provided by MapBox

Minneapolis, MN

City

Med. Sold Price

$341.2K

Med. Price/SqFt

$201

Avg. Days On Market

38

# of Sold Homes

862

4950 Penn Ave N vs Minneapolis

162 DAYS ON ROCKET

+124 Days

$307,000

-$34.2K Less

$159/SqFt

-$43 Less

KEY TAKEAWAY

This property is $34.2K less than the Median Sold Price and $43/SqFt less than other homes in Minneapolis, MN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NORTHSTAR
  • MLS Number: #6461629

Listing Office:

  • Office Name: Coldwell Banker Realty

IDX Broker Reciprocity Copyright © 2024 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved.

By searching, you agree to the EULA Terms Agreement.

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some or all of the property listings above may have been submitted to the Regional Multiple Listing Service (RMLS) by the listing broker for distribution to cooperating brokers through Broker reciprocity. Attribution of the listing broker may be found on the detail page for all properties. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.

Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited. No part of this search utility may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise. Home sale information is not an appraisal, competitive or comparative market analysis, CMA or home valuation.

DMCA Notice
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/28/2024, 2:22:16 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$2,000$169,500
2019$2,157$147,515
2018$1,981$130,620
2017$1,717$112,635

History based on county public records data.

Payment Calculator

$1,600

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$987

Powered By

Rocket Mortgage

Advertisement

NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-2304162
1
/10

  • Loring Community School

  • 2600 44th Ave N

  • 0.73 miles

  • Public District Grades PK-5

school-card-donut-2304163
1
/10

  • Jenny Lind Elementary

  • 5025 Bryant Ave N

  • 0.80 miles

  • Public District Grades PK-5

Middle School

school-card-donut-2304164
1
/10

  • Olson Middle School

  • 1601 51st Ave N

  • 0.44 miles

  • Public District Grades 6-8

High School

school-card-donut-2304165
4
/10

  • Patrick Henry High School

  • 4320 Newton Ave N

  • 0.78 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $51,786. The majority of Minneapolis, MN residents have income between $35k-100k annually. Residents typically live in single, no kids family. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 4950 Penn Ave N

What is the listing price of this property?

The listing price of 4950 Penn Ave N property is $307,000.

What type of property is this?

The property 4950 Penn Ave N is a house located in Minneapolis, Minnesota, 55430.

Is this property for sale now?

Active Listing: 4950 Penn Ave N is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 4950 Penn Ave N are:
Loring Community School: GreatSchools Rating 1/10
Jenny Lind Elementary: GreatSchools Rating 1/10
Olson Middle School: GreatSchools Rating 1/10
Patrick Henry High School: GreatSchools Rating 4/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $2,000 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 4950 Penn Ave N has 4 bedrooms and 3 bathrooms.

What is the square footage of this property?

The property 4950 Penn Ave N is 1,936 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 4950 Penn Ave N is 1958.

Rocket Homes›Minnesota›Hennepin County›Minneapolis›55430›4950 Penn Ave N

This home is located at 4950 Penn Ave N in Minneapolis, MN and zip code 55430 in the Camden Gardens neighborhood. This 1,936 square foot home was built in 1958. Features: 4 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since November 17, 2023 and is currently priced at $307,000.

In March 2024 more than 380 listings in Minneapolis, MN were sold above the asking price. During the same period more than 165 listings were sold at asking price, while more than 317 were sold below. In March 2024 in Minneapolis, MN there were 15.5% more homes for sale than in February 2024. While the average time on the market in March 2024 was 38 days, the median list price was $341,287.

From Rocket Homes Real Estate and based on county public records data.

More Resources