new - 5 days on rocket

5140 Cedar Ave S, Minneapolis, MN, 55417

$529,900

Home List Price

$6,293*

Closing Credit

3 Bedrooms
2 Full Baths, 1 Partial
2,018 SqFt
$263/SqFt
House

Location

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5140 Cedar Ave S, Minneapolis$529,900

Buyer Closing Credits

$6,293*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDetached, Garage Door Opener
Garage2 spaces
Year Built1937
HeatingForced Air
CoolingCentral Air
BasementYes
FireplaceLiving Room, Wood Burning
MLS #6570436
StatusActive

About 5140 Cedar Ave S

Indulge in the epitome of Lake Nokomis living. This stunning 3-bedroom, 3-bathroom home offers the perfect blend of modern comfort and classic charm. Freshly painted interior and gleaming refinished hardwood floors create an inviting atmosphere. The gourmet kitchen, updated with newer cabinets, tile backsplash, stainless steel appliances and a breakfast nook, is perfect for culinary enthusiasts. Upstairs the spacious primary suite, featuring a private bath and abundant closet space, is a true retreat. The lower-level provides more living space with a family room. Also a large laundry area and basement storage. Outside, the fenced backyard and 2-car garage offer both privacy and convenience. Experience the tranquility of lakefront living. This home is just steps away from picturesque Lake Nokomis and conveniently located near dining, shopping, and entertainment options. Easy access to major highways makes commuting a breeze. Hands down the best value in South Minneapolis.

Property Details

Property Features

Property Information:

  • Year Built: 1937
  • Living Area: 2,018 SqFt

Listing Office:

  • Office Name: RE/MAX Results

Interior Features

Interior Information:

  • Appliances: Dishwasher, Disposal, Dryer, Gas Water Heater, Microwave, Range, Refrigerator, Stainless Steel Appliances, Washer
  • Basement: Yes
  • Fireplace: Living Room, Wood Burning

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 2
  • Total Bedroom Count: 3

Exterior Features

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: No
  • Parking: Detached, Garage Door Opener

Virtual/3D Tour

  • 3D Tour: 5140 Cedar Ave S
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Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: Central Air

Other

Directions Information:

  • Directions: Cedar Ave. just north of 52nd Street

Price Information

Listing Price Info

Price Summary:

  • List Price: $529,900
  • Price Per SqFt: $263/SqFt

Tax Information:

  • Annual Amount: $5,139
  • 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

$349.8K

Med. Price/SqFt

$202

Avg. Days On Market

34

# of Sold Homes

978

5140 Cedar Ave S vs Minneapolis

5 DAYS ON ROCKET

-29 Days

$529,900

+$180K More

$263/SqFt

+$61 More

KEY TAKEAWAY

This property is $180K more than the Median Sold Price and $61/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: #6570436

Listing Office:

  • Office Name: RE/MAX Results

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Last updated on: 11/17/2024, 11:22:48 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

Nov 02, 1998Home Sold
$150,000

Tax History

YEARPROP. TAXASSESSMENT
2020$5,139$386,000
2019$5,566$383,500
2018$5,733$383,500
2017$5,094$338,265

History based on county public records data.

Payment Calculator

$2,712

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,655

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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.

Nearby Schools

school-card-donut-652231
1
/10

  • Hiawatha Leadership Acdy-Northrop

  • 1611 E 46th St

  • 0.70 miles

  • Public Charter Grades KG-4

school-card-donut-652232
6
/10

  • Northrop Community School

  • 4315 31st Ave S

  • 1.47 miles

  • Public District Grades KG-5

school-card-donut-652233
4
/10

  • Bancroft Elementary School

  • 3829 13th Ave S

  • 1.73 miles

  • Public Magnet Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $109,511. Typical income of Minneapolis, MN residents is between $100k-200k annually. Most families are single, no 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 5140 Cedar Ave S

What is the listing price of this property?

The listing price of 5140 Cedar Ave S property is $529,900.

What type of property is this?

The property 5140 Cedar Ave S is a house located in Minneapolis, Minnesota, 55417.

Is this property for sale now?

Active Listing: 5140 Cedar Ave S is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $5,139 (source: MLS/based on county public records data).

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

The last sale was on November 2, 1998 for $150,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 5140 Cedar Ave S has 3 bedrooms and 2 full and 1 half bathrooms.

What is the square footage of this property?

The property 5140 Cedar Ave S is 2,018 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5140 Cedar Ave S is 1937.

Rocket Homes›Minnesota›Hennepin County›Minneapolis›55417›5140 Cedar Ave S

This home is located at 5140 Cedar Ave S in Minneapolis, MN and zip code 55417 in the Nokomis neighborhood. This 2,018 square foot home was built in 1937. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since November 12, 2024 and is currently priced at $529,900.

Over 356 listings were sold over their listed price in October 2024 in Minneapolis, MN. In the same period over 399 listings were sold below the listed price and 223 listings were sold for the listed price. In October 2024 in Minneapolis, MN there were 9.3% more homes for sale than in September 2024. In October 2024 median list price was $349,843 and the average listing age was 34 days.

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

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