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5601 Schaefer Rd; Minneapolis, MN Property Details

5601 Schaefer Rd, Minneapolis, MN is a Residential General that was built in 1963. This property is currently a cash purchase and is not for sale. Our records show that 5601 Schaefer Rd has 5 bedrooms, and 7.25 bathrooms, and a total of 2,914 square feet. The lot size of 5601 Schaefer Rd is 24,829 square feet.

Off market
5601 Schaefer Rd Minneapolis, MN 55436
$687,500 Listing Price
5 Beds
7.25 Baths
2,914 SqFt
Property Details

Summary

  • Purchase Method: Cash
  • Owners / Type: 2 / Related
  • Owner Status: Related
  • Year Built: 1963
  • Purchase Price: $687,500
  • Open Loans / Balance: 1 / $268,931
  • Est. Equity / %: $872,069 / 76.43%
  • Gross Yield: 9.501%
  • APN: 31-117-21-14-0034
  • Situs County: Hennepin
  • Length Of Ownership: 15 years, 8 months

Rooms

  • Bedrooms: 5
  • Bathrooms: 7.25
  • Full Bathrooms: 5
  • Total Rooms: 12
  • Partial Bathrooms: 4

Structure

  • Building Style: Frame
  • Floor Cover Type: Carpet
  • Stories: 2
  • Exterior Wall Type: Wood
  • Interior Wall Type: Gypsum Board (Drywall, Sheetrock, etc.)
  • Building Condition: Average
  • Roof Type: Gable
  • Pool Type: Yes
  • Roof Cover Type: Asphalt

Measurements

  • Total: 2,914/SqFt
  • Lot: 24,829/SqFt
  • Gross: 3,683/SqFt
  • Garage: 700/SqFt
  • Living: 3,760/SqFt
  • Basement: 769/SqFt
  • Building: 5,152/SqFt
  • Ground: 2,914/SqFt
  • Price Per Square Foot: $235.93

Legal Description

  • Description: LOT 001 BLOCK 001 B PARKWOOD KNOLLS 11TH ADDN LOT 1 AND THAT PART OF LOT 2 LYING NWLY OF A LINE RUNNING FROM THE MOST NLY COR THEREOF TO A PT IN SWLY LINE OF SAID LOT DIS 13 FT SELY FROM MOST T 163X105X138X149
Building Insights

Land Information

  • Property Type: Residential General
  • Within Flood Zone: True
  • Flood Zone: X / Low/Medium Risk
  • School District: Edina Public School District
  • Lat / Lon: 44.901966 / -93.38586
  • Subdivision: Parkwood Knolls 11th Addn
  • Property Class: Residential
  • Zoning: R-1
  • County Use Code: R

Amenities

  • Heating Fuel Type: Electric
  • Pool: true
  • Plus Four: 1112
  • Cooling: Packaged Unit
  • Fireplaces: 1
  • Garage: Attached Garage
  • Heating: Floor/Wall
  • Parking: 3

Ownership Info

5601 Schaefer Rd has no associated ownership info
5601 Schaefer Rd has no associated ownership info.

Taxes

5601 Schaefer Rd has 10 associated Taxes items

5601 Schaefer Rd, Minneapolis, MN pays taxes in Hennepin County, MN. The most recent tax assessment records are from 2025 and show that the current assessed value of the property is $1,041,000. The APN we've located for 5601 Schaefer Rd is 31-117-21-14-0034.

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Taxes
  • Assessed Value:  $1,041,000
  • Assessed Year:  2025
  • Assessed County:  Hennepin
  • APN:  31-117-21-14-0034
  • Assessed Land Value:  615200
  • Market Land Value:  615200
  • Tax Amount:  15075.52
  • Tax Year:  2025
  • Market Value:  1041000
  • Market Year:  2025

Tax History

5601 Schaefer Rd has 12 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $1,041,000 Land Value $615,200 Improvement Value $425,800 Tax Amount $15,075.52 Change Rate +0.079333% Assessed CR Tax Rate +0.014482%
Year 2024 Assessed Value $1,007,700 Land Value $580,000 Improvement Value $427,700 Tax Amount $13,967.44 Change Rate +0.062601% Assessed CR Tax Rate +0.013861%
Year 2023 Assessed Value $995,200 Land Value $575,000 Improvement Value $420,200 Tax Amount $13,144.58 Change Rate +0.169567% Assessed CR Tax Rate +0.013208%
Year 2022 Assessed Value $929,500 Land Value $531,200 Improvement Value $398,300 Tax Amount $11,238.84 Change Rate +0.024557% Assessed CR Tax Rate +0.012091%
Year 2021 Assessed Value $811,300 Land Value $446,200 Improvement Value $365,100 Tax Amount $10,969.46 Change Rate +0.009966% Assessed CR Tax Rate +0.013521%
Year 2020 Assessed Value $792,200 Land Value $425,000 Improvement Value $367,200 Tax Amount $10,861.22 Change Rate -0.000913% Assessed CR Tax Rate +0.01371%
Year 2019 Assessed Value $772,500 Land Value $403,700 Improvement Value $368,800 Tax Amount $10,871.14 Change Rate +0.011468% Assessed CR Tax Rate +0.014073%
Year 2018 Assessed Value $774,200 Land Value $403,700 Improvement Value $370,500 Tax Amount $10,747.88 Change Rate -0.020484% Assessed CR Tax Rate +0.013883%
Year 2017 Assessed Value $750,000 Land Value $450,000 Improvement Value $300,000 Tax Amount $10,972.64 Change Rate +0.097009% Assessed CR Tax Rate +0.01463%
Year 2016 Assessed Value $682,000 Land Value $450,000 Improvement Value $232,000 Tax Amount $10,002.32 Change Rate +0.04014% Assessed CR Tax Rate +0.014666%
Year 2015 Assessed Value $682,000 Land Value $450,000 Improvement Value $232,000 Tax Amount $9,616.32 Change Rate Assessed CR Tax Rate +0.0141%
Year 2014 Assessed Value $682,000 Land Value $450,000 Improvement Value $232,000 Tax Amount Change Rate Assessed CR Tax Rate