The subject represents a specific residential address within the city of Minneapolis, located in the state of Minnesota. It uniquely identifies a property situated on Golden Hills Drive, further pinpointed by the zip code 55416. Such identifiers are fundamental in property records, postal services, and location-based services.
Precise addresses facilitate effective communication, efficient delivery of services (emergency, postal, utilities), and accurate record-keeping for property ownership and taxation. Understanding the geographic context provides insights into the neighborhood’s characteristics, market value trends, and access to local amenities.
This detailed address serves as a starting point for various explorations, including real estate market analysis, local demographic studies, and neighborhood-specific resource identification. The following sections will delve deeper into aspects relevant to properties within similar locales.
1. Residential Property
The designation “Residential Property” fundamentally defines the nature of 5701 Golden Hills Drive, Minneapolis, MN 55416. It signifies that the location’s primary purpose is to serve as a dwelling, shaping its legal classification, taxation, and usage regulations. The property’s identity as a residence dictates its architectural design, interior layout, and the services provided to it.
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Zoning Regulations
Zoning ordinances dictate permissible land use within a municipality. As a residential property, 5701 Golden Hills Drive is subject to specific zoning regulations that govern building height, lot coverage, setback requirements, and permitted activities. These regulations aim to maintain neighborhood character and prevent incompatible land uses that could negatively impact residential quality of life. For instance, a commercially zoned area nearby may be limited in operating hours to mitigate noise pollution affecting the residential area.
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Property Taxes
Residential properties are assessed and taxed based on their market value. Property taxes contribute to local government funding, supporting public services such as schools, infrastructure, and emergency response. The tax rate applied to 5701 Golden Hills Drive is specific to residential properties within Minneapolis, differing from rates applied to commercial or industrial properties. Tax assessments are regularly reviewed to reflect changes in market conditions and property improvements.
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Homeowner’s Insurance
Residential properties typically require homeowner’s insurance to protect against financial losses from fire, theft, natural disasters, and liability claims. Coverage levels and premiums are determined by factors such as property value, location, building materials, and security features. The insurance policy for 5701 Golden Hills Drive would reflect its status as a single-family dwelling in Minneapolis, accounting for potential risks specific to the region, like winter storms or local crime rates.
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Utility Services
Residential properties are connected to essential utility services, including water, electricity, natural gas, and sewage disposal. These services support daily living needs, such as heating, cooling, lighting, and sanitation. The utility infrastructure serving 5701 Golden Hills Drive is designed to meet the demands of a residential dwelling, with service connections and consumption patterns typically lower than those of commercial or industrial facilities. Meter readings and billing cycles are tailored to residential usage patterns.
These facets underscore the significance of designating 5701 Golden Hills Drive as a residential property. This classification determines the legal framework, financial obligations, and practical considerations associated with its ownership and use. Understanding these aspects is crucial for property owners, residents, and stakeholders involved in real estate transactions and community planning. The designation impacts everything from the color you can paint your house to how much you pay in taxes, inextricably linking the address to a web of regulations and services.
2. Hennepin County
Hennepin County serves as the governing jurisdiction for 5701 Golden Hills Drive, Minneapolis, MN 55416. As such, the property and its occupants are subject to the county’s regulations, services, and administrative functions. The relationship between the address and Hennepin County is fundamental for understanding its legal standing, access to resources, and civic responsibilities.
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Property Records and Taxation
Hennepin County maintains official property records, including ownership details, legal descriptions, and tax assessments for 5701 Golden Hills Drive. The county Assessor’s Office determines the property’s market value, which forms the basis for property tax calculations. Property taxes collected by Hennepin County fund essential county services, such as public safety, transportation, and social services. Failure to pay property taxes can result in penalties and, ultimately, foreclosure by the county.
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Public Safety and Emergency Services
Hennepin County provides public safety services to residents of 5701 Golden Hills Drive, including law enforcement, fire protection, and emergency medical services. The Hennepin County Sheriff’s Office has jurisdiction over unincorporated areas and provides support to local police departments. Emergency services, such as ambulance and paramedic services, are coordinated through the county’s emergency management system. Response times and resource allocation are influenced by the property’s location within Hennepin County.
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Social Services and Public Health
Hennepin County offers a range of social services and public health programs to residents of 5701 Golden Hills Drive. These services may include assistance with housing, food, healthcare, and employment. The Hennepin County Department of Human Services administers programs such as Medicaid, SNAP (food stamps), and childcare assistance. Public health initiatives, such as disease prevention and health education, are also coordinated at the county level.
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Transportation Infrastructure
Hennepin County is responsible for maintaining and improving transportation infrastructure in the vicinity of 5701 Golden Hills Drive. This includes roads, bridges, and public transportation systems. The county’s transportation planning efforts aim to enhance mobility, reduce traffic congestion, and improve safety for all users. Road maintenance, snow removal, and traffic signal management are key functions of the Hennepin County Department of Transportation.
In summary, Hennepin County’s role in relation to 5701 Golden Hills Drive encompasses crucial administrative, protective, and supportive functions. Understanding these connections provides a more complete picture of the property’s place within the broader community and its access to vital public resources.
3. Minneapolis Address
The designation “Minneapolis Address” places 5701 Golden Hills Drive, Minneapolis, MN 55416 within the context of a specific municipality, influencing aspects ranging from postal services to local governance.
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Municipal Services
As a Minneapolis address, the property is entitled to city-provided services, including sanitation, water supply, and street maintenance. The efficiency and quality of these services are directly linked to the municipality’s operational effectiveness and budget allocation. For instance, snow removal policies specific to Minneapolis determine the timeliness of street clearing during winter months, impacting residents’ accessibility.
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Local Governance and Representation
The address falls within a defined ward and precinct in Minneapolis, determining the elected officials representing its residents at the city council level. These representatives are responsible for addressing local concerns, enacting ordinances, and allocating resources within their constituencies. Residents of 5701 Golden Hills Drive can participate in local elections and voice their concerns through established channels of municipal government.
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Zoning and Land Use Regulations
Minneapolis’s zoning ordinances dictate permissible land uses and development standards within the vicinity of 5701 Golden Hills Drive. These regulations impact property values, neighborhood character, and the types of activities allowed on adjacent properties. Zoning classifications determine whether new construction can be residential, commercial, or mixed-use, influencing the overall density and composition of the area.
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Emergency Services Response
The Minneapolis Fire Department and Police Department are responsible for providing emergency services to the address. The location’s designation as a Minneapolis address ensures that it falls within the response area of these agencies, affecting response times and resource allocation. Proximity to fire stations and police precincts can influence insurance rates and perceptions of safety within the neighborhood.
The designation “Minneapolis Address” is not merely a geographical identifier but a gateway to a complex web of municipal services, governance structures, and regulatory frameworks that directly impact the residents of 5701 Golden Hills Drive. The quality of life, property values, and access to resources are intrinsically linked to the city’s performance and policies.
4. Golden Hills Neighborhood
The designation “Golden Hills Neighborhood” provides crucial context for understanding the environment surrounding 5701 Golden Hills Drive, Minneapolis, MN 55416. The address is not simply a point on a map but an integral part of a cohesive residential area, influenced by and contributing to the neighborhood’s characteristics. The neighborhood’s features, such as its demographic composition, architectural styles, and community amenities, directly affect the property’s value and the residents’ quality of life. For example, a strong neighborhood association can actively advocate for improved local services and infrastructure, positively impacting property values and resident satisfaction.
The spatial relationship between 5701 Golden Hills Drive and its neighborhood is fundamental to its identity. Proximity to parks, schools, and commercial centers within Golden Hills directly impacts convenience and lifestyle options for its residents. A well-maintained park nearby, for instance, provides recreational opportunities and enhances the aesthetic appeal of the area, contributing to a higher perceived value of residential properties. Conversely, the presence of neglected properties or high-traffic areas within the neighborhood can negatively affect the appeal and desirability of 5701 Golden Hills Drive. The city planning decisions and zoning regulations specific to the Golden Hills Neighborhood directly influence the present and future development of the area. These decisions impact everything from the density of housing to the placement of commercial establishments.
In conclusion, recognizing the address as part of the Golden Hills Neighborhood underscores the importance of community context. Understanding the neighborhood’s strengths, challenges, and future trajectory is essential for residents, property owners, and potential investors. The neighborhood’s character, shaped by its residents, amenities, and governance, directly impacts the value and livability of 5701 Golden Hills Drive, illustrating that a property’s address is inextricably linked to its surrounding community.
5. 55416 Zip Code
The 55416 Zip Code serves as a fundamental geographic identifier, encapsulating a defined area within Minneapolis, Minnesota, that includes 5701 Golden Hills Drive. Its role extends beyond mere postal delivery, influencing aspects of community demographics, service provision, and local economic factors.
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Postal Delivery and Logistics
The primary function of the 55416 Zip Code is to facilitate efficient mail and package delivery by the United States Postal Service (USPS). This code enables automated sorting and routing, ensuring that correspondence reaches 5701 Golden Hills Drive and neighboring addresses within the designated area. Accurate zip code usage is crucial for timely delivery and prevents misrouting, which can lead to delays and lost items. Large online retailers and shipping companies rely on zip code data for optimizing delivery routes and estimating shipping costs to 5701 Golden Hills Drive.
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Demographic and Statistical Analysis
Government agencies and research organizations utilize zip code boundaries, including 55416, to compile and analyze demographic data, such as population density, income levels, and educational attainment. This information helps inform public policy decisions, resource allocation, and community planning initiatives. For example, knowing the median household income within the 55416 Zip Code can guide the development of affordable housing programs or the placement of social services. Market research firms also leverage zip code demographics to understand consumer behavior and tailor marketing campaigns to specific geographic areas, potentially influencing businesses operating near 5701 Golden Hills Drive.
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Service Area Definition
The 55416 Zip Code often defines the service areas for various local entities, including schools, libraries, and healthcare providers. School districts may assign attendance boundaries based on zip codes, determining which schools children residing at 5701 Golden Hills Drive are eligible to attend. Similarly, healthcare providers may use zip codes to identify target populations for outreach programs or to allocate resources based on geographic need. This delineation ensures that essential services are efficiently distributed and accessible to residents within the defined area.
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Insurance Rating and Risk Assessment
Insurance companies use zip codes, including 55416, to assess risk factors and determine insurance premiums for properties like 5701 Golden Hills Drive. Zip codes can indicate areas prone to specific risks, such as flooding, crime, or traffic accidents. Insurance rates for homeowners and auto insurance policies are often influenced by these location-based risk assessments. Properties within the 55416 Zip Code may experience premiums that reflect the area’s overall risk profile, potentially impacting the cost of ownership for residents.
These interconnected facets highlight the significance of the 55416 Zip Code beyond its postal function. From facilitating deliveries to informing policy decisions and influencing insurance rates, the zip code plays a crucial role in shaping the lives of residents at 5701 Golden Hills Drive and within the surrounding community. The 55416 Zip Code is a critical piece of data that interconnects location with a wealth of information that affects many aspects of daily life.
6. Geographic Coordinates
Geographic coordinates, expressed as latitude and longitude, provide a unique and unambiguous spatial reference for 5701 Golden Hills Drive, Minneapolis, MN 55416. These coordinates transform a textual address into a precise point on the Earth’s surface, enabling accurate location-based services and analysis. The relationship is causative: the address exists within a geographically defined space, and the coordinates are a numerical representation of that space. Without geographic coordinates, the address remains a text string lacking a direct link to its physical location in a global context. For instance, emergency responders rely on geographic coordinates to quickly pinpoint the location of an incident reported at 5701 Golden Hills Drive, overriding potential ambiguities arising from street name duplication or address errors.
The importance of geographic coordinates extends beyond emergency services. Mapping applications such as Google Maps and GIS (Geographic Information Systems) utilize these coordinates to display the location of 5701 Golden Hills Drive, providing users with visual context, directions, and nearby amenities. Real estate websites integrate geographic coordinates to enhance property listings, allowing potential buyers to visualize the property’s location relative to schools, parks, and transportation infrastructure. Furthermore, urban planners leverage geographic coordinates for spatial analysis, assessing the density of residential areas, proximity to environmental hazards, and accessibility to essential services. The precision afforded by geographic coordinates enables data-driven decision-making, contributing to improved urban development and resource allocation.
In conclusion, geographic coordinates are an indispensable component of understanding the spatial reality of 5701 Golden Hills Drive. They bridge the gap between a textual address and its physical location, facilitating a wide array of applications from emergency response to urban planning. While challenges exist in ensuring the accuracy and consistency of geographic data, the benefits derived from using these coordinates far outweigh the limitations. The linkage between an address and its geographic coordinates underscores the power of spatial information in modern society, enabling efficient navigation, informed decision-making, and enhanced understanding of the world.
7. Property Valuation
Property valuation, in the context of 5701 Golden Hills Drive, Minneapolis, MN 55416, represents the estimated monetary worth of the residential property at that specific location. This valuation is not arbitrary; it’s a systematic assessment driven by numerous factors intrinsically linked to the property itself and its surrounding environment. These factors encompass the property’s physical characteristics (size, condition, age), the features of the lot it occupies (size, landscaping), the location’s attributes (neighborhood quality, school district, proximity to amenities), and prevailing market conditions (comparable sales, interest rates). Property valuation influences taxation, insurance premiums, lending decisions, and potential sale prices.
For instance, an increase in the appraised value of comparable properties in the Golden Hills neighborhood directly impacts the potential valuation of 5701 Golden Hills Drive. Similarly, significant improvements to the property, such as a kitchen renovation or the addition of a new bathroom, generally lead to a higher valuation. Conversely, deferred maintenance or the construction of a less desirable commercial development nearby may exert downward pressure on the property’s value. Accurate property valuation is crucial for the homeowner to understand their equity, for lenders to assess risk when providing mortgages, and for Hennepin County to determine property tax assessments. Inaccurate valuations can lead to financial hardship for homeowners through overpayment of taxes or difficulty obtaining loans.
In conclusion, property valuation is an essential component of understanding the financial standing and market dynamics associated with 5701 Golden Hills Drive. It is a complex interplay of tangible and intangible factors, requiring professional expertise and reliance on credible data. While challenges exist in accurately predicting future market fluctuations, a well-supported property valuation provides a reasonable basis for financial planning and decision-making related to the property.
8. Local Amenities
The presence and accessibility of local amenities exert a demonstrable influence on the desirability and property value associated with 5701 Golden Hills Drive, Minneapolis, MN 55416. The availability of essential services, recreational opportunities, and commercial establishments within a reasonable distance directly impacts the quality of life for residents and subsequently, the perceived value of the real estate. A direct cause-and-effect relationship exists: enhanced local amenities generally lead to increased property values, while a deficiency can depress them. The concept of “Local Amenities” constitutes a vital component when considering 5701 Golden Hills Drive. The mere address provides limited insights without context, while amenities create a rich environment. Examples include nearby parks, schools, grocery stores, and public transportation options. For instance, proximity to Lake Nokomis significantly enhances the recreational options for residents, making the area more appealing. Similarly, access to highly-rated schools within Minneapolis elevates the desirability for families with children.
Beyond individual preferences, the aggregate impact of local amenities manifests in the real estate market. Comparable property values in the Golden Hills neighborhood are demonstrably higher in areas with superior access to parks, retail centers, and transportation corridors. Furthermore, the City of Minneapolis’s investment in infrastructure and community services directly shapes the availability and quality of local amenities. Initiatives such as improved bike lanes, enhanced public transportation routes, and the establishment of new community centers benefit the residents of 5701 Golden Hills Drive and contribute to the overall attractiveness of the neighborhood. Conversely, the closure of a local grocery store or the deterioration of a nearby park can negatively affect property values and community well-being. The practical significance of this understanding extends to informed decision-making for prospective homebuyers, real estate investors, and city planners. Recognizing the connection enables a comprehensive assessment of the property’s value, future potential, and the overall quality of life for its residents.
In summary, local amenities are integral to understanding the value and desirability of 5701 Golden Hills Drive. They represent a tangible link between the property’s location and the surrounding community, influencing property values, quality of life, and long-term investment potential. While challenges exist in quantifying the precise impact of specific amenities, the overall trend indicates a positive correlation between enhanced local resources and increased real estate value. A thorough investigation of the local amenities is thus a critical component in evaluating the address in the context of Minneapolis real estate.
9. Real Estate Market
The real estate market exerts a powerful influence on the value and desirability of 5701 Golden Hills Drive, Minneapolis, MN 55416. Market dynamics, including supply and demand, interest rates, and broader economic conditions, directly impact property values. The specific address is not an isolated entity, but rather a component of a larger economic ecosystem. Changes within the real estate market invariably affect the value of this particular residential property. For instance, a surge in demand for housing within the Golden Hills neighborhood, driven by factors such as improved school ratings or new commercial developments, would likely result in an increase in property values, including 5701 Golden Hills Drive. Conversely, an economic downturn leading to job losses and foreclosures could depress the market, causing property values to decline.
Examining comparable sales data within the 55416 zip code provides valuable insights into the real estate market’s impact. Analyzing recent transactions of similar properties allows for an objective assessment of market value trends. If comparable homes are selling above their listed prices with multiple offers, it indicates a seller’s market, where demand exceeds supply. This situation would typically benefit the owner of 5701 Golden Hills Drive, should they decide to sell. Conversely, a buyer’s market, characterized by longer listing times and price reductions, suggests that sellers may need to adjust their expectations to attract buyers. Real estate professionals leverage these market indicators to advise clients on pricing strategies and negotiation tactics. Furthermore, broader economic factors, such as interest rate fluctuations, influence the affordability of mortgages, which subsequently affects the demand for housing. Rising interest rates can dampen demand, while lower rates can stimulate activity.
In conclusion, the real estate market is an undeniable force shaping the financial landscape surrounding 5701 Golden Hills Drive. Accurate understanding of market trends, comparable sales data, and broader economic indicators is essential for homeowners, prospective buyers, and real estate professionals. The complex interplay of supply and demand, interest rates, and economic conditions necessitates informed decision-making based on objective data and professional guidance. Ignoring the real estate market’s influence can result in financial missteps, while proactively adapting to market trends can lead to profitable outcomes and sound investment strategies.
Frequently Asked Questions Regarding 5701 Golden Hills Drive, Minneapolis, MN 55416
This section addresses common inquiries related to the property located at 5701 Golden Hills Drive, Minneapolis, MN 55416, providing factual information to clarify pertinent details.
Question 1: What are the property tax obligations associated with 5701 Golden Hills Drive?
Property taxes are determined by Hennepin County based on the assessed value of the property. The tax rate varies annually and is subject to change based on county and municipal budgetary requirements. Official tax records and payment schedules can be obtained from the Hennepin County Assessor’s Office.
Question 2: What school district serves 5701 Golden Hills Drive?
The property is located within the Minneapolis Public School District. Specific school assignments are subject to change based on district policies and enrollment capacity. Confirmation of current school assignments should be obtained directly from the Minneapolis Public School District.
Question 3: What are the zoning regulations applicable to 5701 Golden Hills Drive?
The property is subject to the zoning ordinances of the City of Minneapolis. These ordinances regulate permissible land uses, building height restrictions, setback requirements, and other development standards. Zoning information specific to 5701 Golden Hills Drive can be accessed through the City of Minneapolis Planning Department.
Question 4: How can information regarding building permits for 5701 Golden Hills Drive be obtained?
Building permit records are maintained by the City of Minneapolis Department of Inspections. These records provide details on any construction or renovation projects undertaken on the property. Access to building permit information can be requested through the City of Minneapolis public records portal.
Question 5: What are the typical utility costs associated with a property at 5701 Golden Hills Drive?
Utility costs vary depending on usage patterns, seasonality, and service providers. Common utilities include electricity, natural gas, water, and sewage. Historical utility consumption data may be available from previous occupants or from the respective utility companies serving the property.
Question 6: How can recent sales data for comparable properties near 5701 Golden Hills Drive be accessed?
Recent sales data for comparable properties can be obtained through various sources, including online real estate portals, local real estate agents, and the Hennepin County Recorder’s Office. This data provides insights into current market values and trends in the Golden Hills neighborhood.
This information provides a baseline understanding of key considerations related to 5701 Golden Hills Drive. For definitive answers and up-to-date information, consulting official sources is recommended.
The next section will explore potential investment opportunities in the Golden Hills neighborhood.
Tips Regarding 5701 Golden Hills Drive, Minneapolis, MN 55416
This section outlines crucial considerations for individuals interested in purchasing, selling, or investing in the property located at 5701 Golden Hills Drive, Minneapolis, MN 55416. The information is presented to facilitate informed decision-making based on objective factors.
Tip 1: Conduct a Comprehensive Property Inspection: A thorough inspection by qualified professionals can reveal potential structural, mechanical, or environmental issues. These issues may not be readily apparent and can significantly impact the property’s value and long-term maintenance costs. Examples include foundation cracks, roof leaks, or outdated electrical systems.
Tip 2: Review Title History and Legal Documents: A meticulous examination of the property’s title history is essential to identify any encumbrances, liens, or legal disputes that could affect ownership rights. Engaging a title company to conduct a title search and provide title insurance is a prudent measure.
Tip 3: Analyze Comparable Sales Data: A comparative market analysis (CMA) should be performed to assess the fair market value of the property. This analysis involves examining recent sales prices of similar properties in the Golden Hills neighborhood. Adjustments should be made to account for differences in size, condition, and amenities.
Tip 4: Evaluate the Neighborhood’s Amenities and Infrastructure: The quality and proximity of local amenities, such as schools, parks, and transportation options, can significantly influence property value. Assessing the condition of local infrastructure, including roads, sidewalks, and public utilities, is also crucial.
Tip 5: Investigate Zoning Regulations and Future Development Plans: Understanding the zoning regulations applicable to 5701 Golden Hills Drive and the surrounding area is essential. Reviewing the City of Minneapolis’s comprehensive plan and any proposed development projects can provide insights into potential future impacts on the property.
Tip 6: Assess Flood Risk and Environmental Hazards: Determine whether the property is located within a flood zone and investigate any potential environmental hazards, such as soil contamination or radon exposure. Environmental assessments can be conducted by qualified professionals to identify and quantify these risks.
Tip 7: Understand Property Tax Implications: Property taxes are a significant ongoing expense. Research the current property tax rate and assessed value for 5701 Golden Hills Drive. Consider potential future tax increases due to reassessments or changes in local government policies.
Tip 8: Secure Pre-Approval for Financing: If financing is required, obtain pre-approval from a reputable lender. Pre-approval provides a clear understanding of the available loan amount, interest rate, and repayment terms, strengthening the buyer’s negotiating position.
These tips emphasize the importance of conducting thorough due diligence when engaging with the property. Objective assessment and professional advice should be sought to mitigate potential risks and maximize the benefits of any transaction.
The following section will present concluding remarks on the significance of understanding the multifaceted aspects of 5701 Golden Hills Drive.
Conclusion
The preceding analysis has detailed the multifaceted significance of 5701 Golden Hills Drive, Minneapolis, MN 55416. This address represents more than a mere geographic location; it encompasses property attributes, civic affiliations, economic forces, and community connections. Understanding these interwoven aspects is crucial for stakeholders seeking informed perspectives.
Recognizing the complexity inherent in a single address facilitates better decision-making regarding real estate transactions, community planning, and resource allocation. Continued diligence in researching and interpreting the various factors influencing 5701 Golden Hills Drive, and similar properties, remains essential for navigating the ever-evolving landscape of residential real estate.
