NOT LISTED FOR SALE

16539 Locust Hills-Terrace- Minnetonka, MN 55391

Estimated Value: $2,807,537 - $3,797,000

4 Beds
7 Baths
6,246 Sq Ft
$519/Sq Ft Est. Value

About This Home

This home is located at 16539 Locust Hills-Terrace-, Minnetonka, MN 55391 and is currently estimated at $3,241,134, approximately $518 per square foot. 16539 Locust Hills-Terrace- is a home located in Hennepin County with nearby schools including Gleason Lake Elementary School, Wayzata West Middle School, and Wayzata High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 31, 2017
Sold by
Knapp Jolene Marie
Bought by
Knapp Joseph William
Current Estimated Value
$3,241,134

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
3.92%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 15, 2013
Sold by
Gonyea Homes Inc
Bought by
Knapp Joseph W and Knapp Jolene M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$999,999
Interest Rate
4.23%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 10, 2013
Sold by
Locust Hills Development Llc
Bought by
Gonyea Homes Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$727,000
Interest Rate
3.56%
Mortgage Type
Construction

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

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Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

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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
Knapp Joseph William -- None Available
Knapp Joseph W $1,535,794 Custom Home Bldrs Title Llc
Gonyea Homes Inc $509,558 Custom Home Bldrs Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Knapp Joseph William $2,000,000
Closed Knapp Joseph William $1,000,000
Closed Knapp Joseph W $500,000
Closed Knapp Joseph William $165,000
Previous Owner Knapp Joseph W $999,999
Previous Owner Gonyea Homes Inc $727,000
Source: Public Records

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 $35,198 $2,561,400 $1,360,000 $1,201,400
2022 $29,849 $2,250,000 $1,295,300 $954,700
2021 $28,231 $1,934,100 $942,100 $992,000
2020 $27,815 $1,848,500 $856,500 $992,000
2019 $27,593 $1,759,900 $815,800 $944,100
2018 $27,581 $1,759,900 $815,800 $944,100
2017 $27,537 $1,721,100 $777,000 $944,100
2016 $26,712 $1,652,200 $700,000 $952,200
2015 $24,547 $1,490,500 $525,000 $965,500
2014 -- $550,000 $550,000 $0
Source: Public Records

Map

Minnesota Hennepin County Minnetonka 55391

16539 Locust Hills-Terrace-, Minnetonka, MN

Homes for Sale in Minnetonka, MN

This home is located at 16539 Locust Hills-Terrace-, Minnetonka, MN 55391 and is currently estimated at $3,241,134, approximately $518 per square foot. 16539 Locust Hills-Terrace- is a home located in Hennepin County with nearby schools including Gleason Lake Elementary School, Wayzata West Middle School, and Wayzata High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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