NOT LISTED FOR SALE

16501 Sage Way NW Shakopee, MN 55379

Estimated Value: $767,949 - $852,000

5 Beds
3.5 Baths
4,328 Sq Ft
$186/Sq Ft Est. Value

Last Sold June 15, 2023

Last sale price $773,000 $179 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $5,132/month

23 Days on Market

Highlights

  • Deeded Waterfront Access Rights
  • Waterfront Community
  • 29,185 Sq Ft lot
  • Jeffers Pond Elementary School Rated A
  • Lake View
  • Deck

About This Home

As of June 2023

Stunning 5 bed 4 bath w/lake access and deeded boat slip situated on a .67 acre private wooded lot. This home sits adjacent to Spring Lake Regional Park w/miles of trails, dog park, pickleball courts and just a stones throw to Spring Lake. The home features a formal living and dining room, crown molding, sunroom, deck w/outdoor fireplace, audio system, fenced yard, solar panels, gorgeous wood floors, walter filtration system, built ins, 4 bedrooms on the upper level and a bonus room off the primary suite. The lower level is great for entertaining guests with a full wet bar, solid wood doors, fireplace w/stone surround and water feature, flex room, private office and walks out to a stamped concrete patio and wooded lot. New roof in 2023. Spring Lake Estates is a highly sought after lake lifestyle neighborhood in the 719 school district.

Last Listed By

Matt Schafer

RE/MAX Advantage Plus Listed on: 04/04/2023

RE/MAX Advantage Plus

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,544

Year Built

  • Built in 2007

Lot Details

  • 0.67

HOA Fees

  • $56 Monthly HOA Fees

Parking

  • 3 Car Attached Garage

Home Design

  • Flex
  • Shake Siding

Interior Spaces

  • 2-Story Property
  • Wet Bar
  • Family Room with Fireplace
  • 3 Fireplaces
  • Living Room
  • Home Office
  • Game Room with Fireplace
  • Bonus Room
  • Lake Views
  • Finished Basement

Kitchen

  • Range
  • Dishwasher
  • Stainless Steel Appliances

Bedrooms and Bathrooms

  • 5 Bedrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deeded Waterfront Access Rights
  • Deck

Additional Features

  • 0.67 Acre Lot
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 254400300

Community Details

Overview

  • Association fees include beach access, dock, professional mgmt
  • Gassen Association, Phone Number (952) 922-5575
  • Stemmer Ridge Subdivision

Recreation

  • Waterfront Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,544

Year Built

Built in 2007

Lot Details

0

HOA Fees

$56 per month

Parking

3

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: Central Air
  • Garage Spaces: 3
  • Accessibility Features: None
  • Fireplaces: 3
  • Water Source: City Water/Connected
  • Fee Frequency: Monthly
  • Year Built: 2007
  • Above Grade Finished Sq Ft: 3034
  • Water Body Name: Spring
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Finished
  • Appliances: Dishwasher, Dryer, Range, Refrigerator, Stainless Steel Appliances, Washer, Water Softener Owned
  • Fireplace Features: Amusement Room, Family Room, Gas, Other
  • Living Area: 4328
  • Fireplace: Yes
  • Below Grade Finished Sq Ft: 1294
  • Basement YN: Yes
  • Dining Room Type: Living Room, Dining Room, Family Room, Sun Room, Deck, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Bonus Room, Bar/Wet Bar Room, Amusement Room, Flex Room, Office, Kitchen
  • SqFtTotal: 4508.00

Beds/Baths

  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 5

Exterior Features

  • Roof: Asphalt
  • Fencing: Split Rail
  • ConstructionMaterialsDesc: Frame
  • PatioPorchType: Deck
  • Lake Acres: 591
  • LakeChain: N

Garage/Parking

  • Parking Features: Attached Garage
  • Garage Square Feet: 695

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • Fuel: Natural Gas,Solar

Condo/Co-op/Association

  • HOA Fee Includes: Beach Access, Dock, Professional Mgmt
  • Phone: 952-922-5575
  • Association Fee: 56
  • Association: Yes
  • Amenities Unit: Dock,Boat Slip,In-Ground Sprinkler

Association/Amenities

  • HOA Management Co: Gassen

Schools

  • Junior High Dist: Prior Lake-Savage Area Schools
  • SchoolDistrictNumber: 719
  • SchoolDistrictPhone: 952-226-0000

Lot Info

  • Waterfront YN: No
  • PropertyAttachedYN: No
  • Lot Size: 0
  • Lot Size Sq Ft: 29185.2
  • Land Lease: No
  • Lot Features: Tree Coverage - Heavy
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Brick/Stone, Shake Siding

Tax Info

  • Tax Year: 2022
  • Assessor Parcel Number: 254400300
  • Tax Annual Amount: 6544
  • TaxWithAssessments: 6544.0000

Multi Family

  • WaterfrontFeatures: Association Access, Deeded Access, Lake View

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 4, 2023
Closed on
Jun 15, 2023
Sold by
Jacobson David and Jacobson Elizabeth
Bought by
Webb Enterprises West Llc
Seller's Agent
Matt Schafer
RE/MAX Advantage Plus
Buyer's Agent
Anthony Turgeon
Keller Williams Realty Integrity Lakes
List Price
$789,900
Sold Price
$773,000
Premium/Discount to List
-$16,900
-2.14%
Total Days on Market
23
Views
24
Current Estimated Value
$804,237

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$31,237
Avg. Annual Appreciation
1.45%
Original Mortgage
$502,450
Outstanding Balance
$493,129
Interest Rate
6.35%
Mortgage Type
New Conventional
Estimated Equity
$301,260

Purchase Details

Closed on
Oct 23, 2019
Sold by
Jacobson David C and Jacobson Elizabeth M
Bought by
Jacobson Paul and Jacobson Family Trust

Purchase Details

Closed on
Feb 15, 2008
Sold by
Toll Mn Lp
Bought by
Jacobson David C and Jacobson Elizabeth M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,000
Interest Rate
5.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 23, 2005
Sold by
Arcon Development Inc
Bought by
Toll Mn Lp

Range of Values:

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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
Webb Enterprises West Llc $773,000 --
Jacobson David C $518,575 --
Toll Mn Lp $9,543,067 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Webb Enterprises West Llc $753,000
Previous Owner Jacobson David C $235,000
Previous Owner Jacobson David C $89,652
Previous Owner Jacobson David C $193,000
Previous Owner Jacobson David C $185,000
Previous Owner Jacobson David C $30,000
Closed Toll Mn Lp --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/15/2023 06/15/23 Sold $773,000 -2.1% $179 / Sq Ft
05/05/2023 05/05/23 Pending -- -- --
04/12/2023 04/12/23 For Sale $789,900 -- $183 / 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
2024 $7,412 $708,400 $247,100 $461,300
2023 $7,106 $691,400 $247,100 $444,300
2022 $6,544 $685,100 $247,100 $438,000
2021 $6,088 $554,700 $194,300 $360,400
2020 $6,164 $512,200 $153,600 $358,600
2019 $6,160 $499,800 $133,600 $366,200
2018 $5,560 $0 $0 $0
2016 $5,620 $0 $0 $0
2014 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Source: NorthstarMLS

MLS Number: 6348697

NorthstarMLS

APN: 25-440-030-0