NOT LISTED FOR SALE

16117 Lake Street Extension Minnetonka, MN 55345

Tonkawood Neighborhood

Estimated Value: $310,702 - $1,154,000

0.51 Acre
$1,029,757 Price per Acre
22,216 Sq Ft Lot

Last Sold February 22, 2023

Last sale price $224,000 $242 Per Sq Ft

Est. 134% increase in value since last sale

Current estimated payment $3,200/month

39 Days on Market

Highlights

  • No HOA
  • Privacy Fence
  • 2-minute walk to Mini Tonka Wood Park
  • Groveland Elementary School Rated A

About This Lot

As of February 2023

Over a half acre of prime residential land located in the middle of a quiet Minnetonka neighborhood (existing home to be torn down for rebuild). Lot features level ground and mature trees with 120 feet of lot width to accommodate most any new construction home plan. Don't miss this rare opportunity to build on an affordable lot in the very heart of Minnetonka!

Last Agent to Sell the Property

Keith Castonguay

TheMLSonline.com, Inc. Listed on: 12/03/2022

TheMLSonline.com, Inc.

Last Buyer's Agent

Nishul Patel

Bridge Realty, LLC

Bridge Realty, LLC

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $3,169

Year Built

  • 1946

Lot Details

  • Lot Dimensions are 184x120x184x120
  • Privacy Fence
  • Finished Lot(s)

Community Details

  • No Home Owners Association
  • Ranwicks Add Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2011722410006

Property Details

Property Type

Land

Est. Annual Taxes

$3,169

Year Built

1946

Lot Details

0

Listing Details

  • Type: Land
  • Development Status: Finished Lot(s)
  • FractionalOwnershipYN: No
  • Rental License?: No
  • BuilderRestrict: Open
  • Improvements: Curbs,Fence,Paved Streets,Public Road,Sidewalks
  • Special Features: None
  • Property Sub Type: LotsLands
  • Year Built: 1946

Interior Features

  • Inclusions: None

Exterior Features

  • Fencing: Privacy

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected, Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Water Available

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Minnetonka
  • SchoolDistrictNumber: 276
  • SchoolDistrictPhone: 952-401-5000

Lot Info

  • Topography: Level
  • Lot Size: 184x120x184x120
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No

Tax Info

  • Tax Year: 2022
  • Assessor Parcel Number: 2011722410006
  • Tax Annual Amount: 3169
  • TaxWithAssessments: 3169.0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 3, 2022
Closed on
Feb 22, 2023
Sold by
Vikla Stanley Walter and Vikla Gertrude A
Bought by
Mehta Raveena and Mehta Monil
Seller's Agent
Keith Castonguay
TheMLSonline.com, Inc.
Buyer's Agent
Nishul Patel
Bridge Realty, LLC
List Price
$239,800
Sold Price
$224,000
Premium/Discount to List
-$15,800
-6.59%
Total Days on Market
39
Views
61
Current Estimated Value
$525,176

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$301,176
Avg. Annual Appreciation
45.08%
Original Mortgage
$179,200
Interest Rate
5.75%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Mehta Raveena $224,000 Clear Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mehta Monil J $920,000
Closed Mehta Raveena $179,200
Previous Owner Vikla Gertrude A $360,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/22/2023 02/22/23 Sold $224,000 -6.6% $242 / Sq Ft
12/03/2022 12/03/22 For Sale $239,800 -- $260 / 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
2023 $3,153 $262,400 $206,900 $55,500
2022 $3,169 $270,900 $206,900 $64,000
2021 $3,160 $241,800 $188,100 $53,700
2020 $3,304 $241,600 $188,100 $53,500
2019 $3,224 $241,900 $188,100 $53,800
2018 $2,868 $235,600 $188,100 $47,500
2017 $2,906 $212,900 $180,200 $32,700
2016 $2,771 $203,700 $161,700 $42,000
2015 $2,719 $199,800 $147,000 $52,800
2014 -- $178,300 $147,000 $31,300
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2023

    Keith Castonguay

    TheMLSonline.com, Inc.

    (763) 576-8286

    1 in this area

    46 Total Sales

    Keith Castonguay
    Section Image

  • N

    Buyer's Agent in 2023

    Nishul Patel

    Bridge Realty, LLC

    (612) 310-1405

    1 in this area

    8 Total Sales

    Nishul Patel
    Section Image
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Map

Source: NorthstarMLS

MLS Number: 6314244

NorthstarMLS

APN: 20-117-22-41-0006

Minnesota Hennepin County Minnetonka 55345 Tonkawood

16117 Lake Street Extension, Minnetonka, MN

This home is located at 16117 Lake Street Extension, Minnetonka, MN 55345 since 03 December 2022 and is currently estimated at $525,176, approximately $568 per square foot. This property was built in 1946. 16117 Lake Street Extension is a home located in Hennepin County with nearby schools including Groveland Elementary School, Minnetonka East Middle School, and Minnetonka Senior High School.

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