NOT LISTED FOR SALE

1321 W Latoka Dr SW Unit SW Alexandria, MN 56308

Estimated Value: $402,000 - $483,000

3 Beds
2 Baths
1,536 Sq Ft
$294/Sq Ft Est. Value

Last Sold November 27, 2024

Last sale price $430,000 $280 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $2,621/month

14 Days on Market

Highlights

  • 100 Feet of Waterfront
  • Deck
  • No HOA
  • Lincoln Elementary School Rated A-
  • 2 Fireplaces
  • The kitchen features windows

About This Home

As of November 2024

Check out this little gem on fabulous Lake Latoka in Alexandria! Featuring your kitchen and family room with wood burning fireplace, plus a full bathroom on the walkout level, this home offers a perfectly convenient floorplan for active days at the lake. Also from the walkout level you will enjoy the ease of opening the door to a lakeside concrete patio and paver firepit area, all enclosed safely within a fenced in area for carefree gatherings overlooking the water. Upstairs you'll find the living room with access to the 12x12 lakeside deck, a lakeside primary bedroom, plus two other bedrooms and a 3/4 bath. The 34x24 garage includes a fully-enclosed lean-to with concrete floor. You should have adequate room for all the lake gear here! Speaking of lake gear... You will be impressed with the hard lake bottom frontage that will just beg everyone to get in and enjoy! Imagine watching your loved ones waterski from your included dock, or from the viewing deck at the water's edge. With low utility costs this year-round lake home is a budget-friendly winner. Make plans to see it soon!

Last Agent to Sell the Property

Wendie VanKirk

Edina Realty, Inc. Listed on: 10/14/2024

Edina Realty, Inc.

Last Buyer's Agent

Cory Oberg

Premier Real Estate Services

Premier Real Estate Services

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,866

Year Built

  • Built in 1975

Lot Details

  • 0.48 Acre Lot
  • Lot Dimensions are 100x212x100x208
  • 100 Feet of Waterfront
  • Lake Front
  • Chain Link Fence
  • Few Trees

Parking

  • 2 Car Garage
  • Garage Door Opener

Home Design

  • Vinyl Siding

Interior Spaces

  • 1-Story Property
  • 2 Fireplaces
  • Wood Burning Fireplace
  • Free Standing Fireplace
  • Circulating Fireplace
  • Gas Fireplace
  • Family Room
  • Living Room
  • Utility Room
  • Utility Room Floor Drain

Kitchen

  • Eat-In Kitchen
  • Range
  • Disposal
  • The kitchen features windows

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Dryer
  • Washer

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Block Basement Construction

Outdoor Features

  • Deck
  • Patio

Utilities

  • Forced Air Heating and Cooling System
  • Vented Exhaust Fan
  • Underground Utilities
  • 200+ Amp Service
  • Private Water Source
  • Well
  • Drilled Well
  • Water Softener is Owned

Community Details

  • No Home Owners Association
  • Nelsons Latoka Add Subdivision

Listing and Financial Details

  • Assessor Parcel Number 271342000

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,866

Year Built

Built in 1975

Lot Details

0

Parking

2

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: Central Air
  • Garage Spaces: 2
  • Accessibility Features: None
  • Fireplaces: 2
  • Water Source: Submersible - 4 Inch, Drilled, Private, Well
  • Year Built: 1975
  • Above Grade Finished Sq Ft: 768
  • Water Body Name: Latoka
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Block, Finished, Full, Walkout
  • Appliances: Disposal, Dryer, Exhaust Fan, Range, Refrigerator, Washer, Water Softener Owned
  • Fireplace Features: Circulating, Free Standing, Gas, Wood Burning
  • Living Area: 1536
  • Fireplace: Yes
  • Below Grade Finished Sq Ft: 768
  • Basement YN: Yes
  • Dining Room Type: Living Room, Bedroom 1, Bedroom 2, Bedroom 3, Bathroom, Family Room, Kitchen, Utility Room, Deck, Patio

Beds/Baths

  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Three Quarter Bathrooms: 1

Exterior Features

  • Roof: Asphalt
  • Fencing: Chain Link
  • View: South
  • Other Structures: Lean-To
  • ConstructionMaterialsDesc: Frame
  • PatioPorchType: Deck,Patio
  • Lake Bottom: Hard,Sand
  • LakeChain: N
  • Elevation Highpoint to Waterfront Feet: 26-40
  • Waterfront Frontage: 100

Garage/Parking

  • Parking Features: Detached, Asphalt, Floor Drain, Garage Door Opener

Utilities

  • Heating: Forced Air, Fireplace(s)
  • Sewer: City Sewer/Connected
  • Electric: 200+ Amp Service
  • Fuel: Natural Gas

Condo/Co-op/Association

  • Association: No
  • Amenities Unit: Ceiling Fan(s),Deck,Dock,Kitchen Window,Patio,Washer/Dryer Hookup

Schools

  • Junior High Dist: Alexandria
  • SchoolDistrictPhone: 320-762-2141

Lot Info

  • Waterfront YN: Yes
  • PropertyAttachedYN: No
  • Lot Size: 100x212x100x208
  • Lot Size Sq Ft: 20908.8
  • Land Lease: No
  • Lot Features: Some Trees, Underground Utilities
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Vinyl Siding

Tax Info

  • Tax Year: 2024
  • Assessor Parcel Number: 271342000
  • Tax Annual Amount: 2866
  • TaxWithAssessments: 2866.0000

Multi Family

  • WaterfrontFeatures: Lake Front

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 14, 2024
Closed on
Nov 27, 2024
Sold by
Melville Judith Marie
Bought by
Torres Molly
Seller's Agent
Wendie VanKirk
Edina Realty, Inc.
Buyer's Agent
Cory Oberg
Premier Real Estate Services
List Price
$425,000
Sold Price
$430,000
Premium/Discount to List
$5,000
1.18%
Views
34
Current Estimated Value
$451,894

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$21,894
Avg. Annual Appreciation
5.09%
Original Mortgage
$247,250
Outstanding Balance
$245,171
Interest Rate
6.44%
Mortgage Type
New Conventional
Estimated Equity
$206,723

Purchase Details

Closed on
Oct 1, 2021
Sold by
Weber Mark A and Weber Mary
Bought by
Melville Judith Marie

Purchase Details

Closed on
Mar 15, 2016
Sold by
Gehrman Perry and Gehrman Carolyn
Bought by
Weber Mark A and Weber Mary

Purchase Details

Closed on
Jan 16, 2006
Sold by
Gehrman John and Gehrman Vickie
Bought by
Gehrman Perry and Gehrman Carolyn
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Torres Molly $430,000 Integrity Title
Torres Molly $430,000 Integrity Title
Melville Judith Marie $310,000 None Available
Weber Mark A $225,000 Integrity Title Inc
Gehrman Perry $135,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Torres Molly $247,250
Closed Torres Molly $247,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/27/2024 11/27/24 Sold $430,000 +1.2% $280 / Sq Ft
10/30/2024 10/30/24 Pending -- -- --
10/16/2024 10/16/24 For Sale $425,000 -- $277 / Sq Ft
Source: NorthstarMLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,908 $381,300 $225,000 $156,300
2024 $2,908 $353,300 $202,500 $150,800
2023 $2,866 $321,000 $185,600 $135,400
2022 $2,502 $291,100 $176,300 $114,800
2021 $2,530 $257,300 $161,300 $96,000
2020 $2,596 $244,800 $157,500 $87,300
2019 $2,566 $242,500 $157,500 $85,000
2018 $2,482 $231,800 $150,000 $81,800
2017 $2,570 $224,600 $150,000 $74,600
2016 $2,594 $232,606 $155,200 $77,406
2015 $2,834 $0 $0 $0
2014 -- $243,800 $168,000 $75,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6617659

NorthstarMLS

APN: 27-1342-000