5 months on rocket

16040 University Ave NW, Andover, MN, 55304

$585,000

Home List Price

$6,947*

Closing Credit

3 Bedrooms
3 Full Baths, 1 Partial
3,574 SqFt
$164/SqFt
House

Location

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16040 University Ave NW, Andover$585,000

Buyer Closing Credits

$6,947*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingAttached Garage, Concrete
Attached Garage2 spaces
Year Built1983
HeatingForced Air, Fireplace(s)
CoolingCentral Air
BasementYes
WaterfrontPond
FireplaceLiving Room
MLS #6529124
StatusActive

About 16040 University Ave NW

This 3 bedroom, 4 bath home on nearly 10 acres with a main floor primary suite is spacious and accommodating. Hardwood floors add an elegant touch, while new carpet offers comfort and freshness up the stairs, hallway and master bedroom. An inground pool and sauna provide opportunities for relaxation and recreation, and a new deck is perfect for outdoor entertaining and enjoying the scenery. Additionally, a pole barn offers extra storage space or potential for various hobbies or projects. This combination of features would surely make for a wonderful place to call home. Pool was resurfaced and new liner installed. New septic is being escrowed by seller. Brand new roof 8/13/2024

Property Details

Property Features

Property Information:

  • Year Built: 1983
  • Living Area: 3,574 SqFt

Listing Office:

  • Office Name: Coldwell Banker Realty

Interior Features

Interior Information:

  • Appliances: Dishwasher, Exhaust Fan, Humidifier, Gas Water Heater, Microwave, Range, Refrigerator, Washer
  • Basement: Yes
  • Fireplace: Living Room

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 3
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Waterfront: Pond

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: Yes
  • Parking: Attached Garage, Concrete

Lot Features

Lot Information:

  • Lot: Some Trees

Utilities

Utilities Information:

  • Heating: Forced Air, Fireplace(s)
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Andover High School, Public District Grades 9-12
  • Oak View Middle School, Public District Grades 6-8
  • Andover Elementary, Public District Grades KG-5

Other

Directions Information:

  • Directions: Hwy 10 to Hanson N to Constance Blvd E to University Extension S to home on Right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $585,000
  • Price Per SqFt: $164/SqFt

Tax Information:

  • Annual Amount: $5,346
  • Tax Year: 2021
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Housing Market Comparison

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

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Andover, MN

City

Med. Sold Price

$450K

Med. Price/SqFt

$192

Avg. Days On Market

35

# of Sold Homes

39

16040 University Ave NW vs Andover

153 DAYS ON ROCKET

+118 Days

$585,000

+$135K More

$164/SqFt

-$29 Less

KEY TAKEAWAY

This property is $135K more than the Median Sold Price and $29/SqFt less than other homes in Andover, MN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NORTHSTAR
  • MLS Number: #6529124

Listing Office:

  • Office Name: Coldwell Banker Realty

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Property Sales & Tax

Listing History

Dec 12, 2012Home Sold
$350,000

Tax History

YEARPROP. TAXASSESSMENT
2021$5,346$489,200
2018$5,250$420,900
2017$4,830$404,646

History based on county public records data.

Payment Calculator

$2,987

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,820

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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.

Elementary School

school-card-donut-1951107
9
/10

  • Andover Elementary

  • 14950 Hanson Blvd NW

  • 2.37 miles

  • Public District Grades KG-5

Middle School

school-card-donut-1951108
7
/10

  • Oak View Middle School

  • 15400 Hanson Blvd NW

  • 2.11 miles

  • Public District Grades 6-8

High School

school-card-donut-1951109
7
/10

  • Andover High School

  • 2115 Andover Blvd NW

  • 2.90 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 $92,020. The majority of Andover, MN residents have income between $35k-100k annually. The majority of families are married, with kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 16040 University Ave NW

What is the listing price of this property?

The listing price of 16040 University Ave NW property is $585,000.

What type of property is this?

The property 16040 University Ave NW is a house located in Andover, Minnesota, 55304.

Is this property for sale now?

Active Listing: 16040 University Ave NW is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 16040 University Ave NW are:
Andover Elementary: GreatSchools Rating 9/10
Oak View Middle School: GreatSchools Rating 7/10
Andover High School: GreatSchools Rating 7/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $5,346 (source: MLS/based on county public records data).

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

The last sale was on December 12, 2012 for $350,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 16040 University Ave NW has 3 bedrooms and 3 full and 1 half bathrooms.

What is the square footage of this property?

The property 16040 University Ave NW is 3,574 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 16040 University Ave NW is 1983.

Rocket Homes›Minnesota›Anoka County›Andover›55304›16040 University Ave NW

This home is located at 16040 University Ave NW in Andover, MN and zip code 55304. This 3,574 square foot home was built in 1983. Features: 3 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since June 04, 2024 and is currently priced at $585,000.

In October 2024, from all listings sold in Andover, MN there were more than 8 sold above asking price, over 19 sold below and more than 12 were sold right at the asked price. Between September 2024 and October 2024, Andover, MN real estate market has seen increase in the number of listings by 9.7%. In October 2024 median list price was $450,000 and the average listing age was 35 days.

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

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