new - 2 days on rocket

5701 40th Ave S, Minneapolis, MN, 55417

$309,000

Home List Price

$3,669*

Closing Credit

3 Bedrooms
1 Full Bath
1,087 SqFt
$284/SqFt
House
Schools Nearby

Location

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5701 40th Ave S, Minneapolis$309,000

Buyer Closing Credits

$3,669*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDetached
Garage1 space
Year Built1950
HeatingForced Air
CoolingCentral Air
BasementYes
MLS #6544524
StatusActive

About 5701 40th Ave S

5701 40th Ave S presents an exceptional opportunity for those seeking a move-in ready home in a desirable neighborhood. A charming three bedroom, two bathroom, story and a half home on a corner, oversized, fenced-in lot. Freshly painted and well-maintained! The corner lot allows for ample (non-alley) parking in the private driveway and detached 1 + car garage. The unfinished basement offers instant equity for all home buyers and investors. *New roof and gutters 2021. *New water heater 2022.

Property Details

Property Features

Property Information:

  • Year Built: 1950
  • Living Area: 1,087 SqFt

Listing Office:

  • Office Name: The Firm Realty LLC

Interior Features

Interior Information:

  • Appliances: Dryer, Range, Refrigerator
  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 3

Exterior Features

Parking Information:

  • Garage Space: 1 space
  • Attached Garage: No
  • Parking: Detached

Lot Features

Lot Information:

  • Lot: Few Trees

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Roosevelt High School, Public District Grades 9-12
  • Sanford Middle School, Public District Grades 6-8

Other

Directions Information:

  • Directions: 62 east to 34th to 40th Ave

Price Information

Listing Price Info

Price Summary:

  • List Price: $309,000
  • Price Per SqFt: $284/SqFt

Tax Information:

  • Annual Amount: $2,530
  • Tax Year: 2020
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Housing Market Comparison

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

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Minneapolis, MN

City

Med. Sold Price

$343.6K

Med. Price/SqFt

$201

Avg. Days On Market

27

# of Sold Homes

1085

5701 40th Ave S vs Minneapolis

2 DAYS ON ROCKET

-25 Days

$309,000

-$34.6K Less

$284/SqFt

+$82 More

KEY TAKEAWAY

This property is $34.6K less than the Median Sold Price and $82/SqFt more than other homes in Minneapolis, MN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NORTHSTAR
  • MLS Number: #6544524

Listing Office:

  • Office Name: The Firm Realty LLC

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Last updated on: 6/1/2024, 4:22:32 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

May 10, 2018Home Sold
$211,000
Sep 21, 2011Home Sold
$115,500
Sep 21, 2011Home Sold
$49,500

Tax History

YEARPROP. TAXASSESSMENT
2020$2,530$205,500
2019$2,591$174,220
2018$2,897$194,000
2017$2,937$183,000

History based on county public records data.

Payment Calculator

$1,610

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$993

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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.

Middle School

school-card-donut-6528720
4
/10

  • Sanford Middle School

  • 3524 42nd Ave S

  • 2.69 miles

  • Public District Grades 6-8

High School

school-card-donut-6528721
4
/10

  • Roosevelt High School

  • 4029 28th Ave S

  • 2.22 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 $57,576. The most common annual income of people living in Minneapolis, MN is between $35k-100k. Residents typically live in single, no kids family. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5701 40th Ave S

What is the listing price of this property?

The listing price of 5701 40th Ave S property is $309,000.

What type of property is this?

The property 5701 40th Ave S is a house located in Minneapolis, Minnesota, 55417.

Is this property for sale now?

Active Listing: 5701 40th Ave S is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 5701 40th Ave S are:
Sanford Middle School: GreatSchools Rating 4/10
Roosevelt 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 $2,530 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on May 10, 2018 for $211,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 5701 40th Ave S has 3 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 5701 40th Ave S is 1,087 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5701 40th Ave S is 1950.

Rocket Homes›Minnesota›Hennepin County›Minneapolis›55417›5701 40th Ave S

This home is located at 5701 40th Ave S in Minneapolis, MN and zip code 55417 in the Morris Park neighborhood. This 1,087 square foot home was built in 1950. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since May 30, 2024 and is currently priced at $309,000.

In April 2024, from all listings sold in Minneapolis, MN there were more than 519 sold above asking price, over 337 sold below and more than 228 were sold right at the asked price. The inventory of homes for sale in Minneapolis, MN between March 2024 and April 2024 increased by 15.8%. Listings spent 27 days on the market in April 2024, and had a median list price of $343,683 during the same period.

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

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