NOT LISTED FOR SALE

1655 1655 Bohns Point-Road- Orono, MN 55391

Estimated Value: $8,938,000 - $9,757,577

4 Beds
5.5 Baths
9,683 Sq Ft
$972/Sq Ft Est. Value

Last Sold November 01, 2012

Last sale price $4,400,000 $454 Per Sq Ft

Est. 114% increase in value since last sale

Current estimated payment $58,014/month

423 Days on Market

Highlights

  • Lake Front
  • 2.97 Acre Lot
  • Deck
  • Schumann Elementary School Rated A-
  • Two Primary Bathrooms
  • Vaulted Ceiling

About This Home

As of November 2012

Imagine yourself in the Hamptons or Nantucket! This quintessential shingle-style home is located at the tip of Lake Minnetonka's premier Bohns Point. This timeless designed home has 350ft of sw facing lakeshore on 2.97 acres and includes a carriage house.

Last Agent to Sell the Property

Ellen DeHaven

Coldwell Banker Burnet Listed on: 08/29/2011

Last Buyer's Agent

Ellen DeHaven

Coldwell Banker Burnet Listed on: 08/29/2011

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $97,219

Year Built

  • 1999

Lot Details

  • 2.97 Acre Lot
  • Lake Front
  • Cul-De-Sac
  • Irregular Lot
  • Sprinkler System
  • Landscaped with Trees

Home Design

  • Wood Shingle Roof
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Woodwork
  • Vaulted Ceiling
  • Ceiling Fan
  • Skylights
  • Wood Burning Fireplace
  • Formal Dining Room
  • Open Floorplan
  • Home Security System

Kitchen

  • Range
  • Microwave
  • Freezer
  • Dishwasher
  • Trash Compactor
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk Through Bedroom
  • Walk-In Closet
  • Two Primary Bathrooms
  • Primary Bathroom is a Full Bathroom
  • Bathroom on Main Level
  • Bathtub With Separate Shower Stall

Laundry

  • Dryer
  • Washer

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Sump Pump
  • Drain

Parking

  • 3 Car Garage
  • Tandem Garage
  • Garage Door Opener
  • Gravel Driveway

Outdoor Features

  • Balcony
  • Deck
  • Patio
  • Porch

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 1711723110002

Home Details

Home Type

Single Family

Est. Annual Taxes

$97,219

Year Built

1999

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Classification: NonHomestead
  • Amenities: Ceiling Fans, Garage Door Opener, Hardwood Floors, Natural Woodwork, Security System, Skylight, Tiled Floors, Vaulted Ceilings, Walk-In Closet, Washer/Dryer Hookups
  • Amenities Exterior: Balcony, Deck, Driveway - Asphalt, Driveway - Gravel, Inground Sprinkler System, Patio, Porch
  • Estimated Number of Acres: 2.97
  • Assessments: Unknown
  • Construction: Previously Owned
  • Foundation Size: 3211
  • Parcel Number: 1711723110002
  • Projected Closed Date: 11/01/2012
  • Stories: 2 Story
  • Taxes With Assessments: 77702.6
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1999

Interior Features

  • Dining Room: Combine with Kitchen, Combine with Living Room, Formal Dining Room, Informal Dining Room
  • Fireplace: Yes
  • Fireplace Type: Wood Burning
  • Appliances: Dishwasher, Disposal, Dryer, Freezer, Microwave, Range/Stove, Refrigerator, Trash Compactor, Washer
  • Total Bedrooms: 4
  • Bathroom Description: 3/4 Basement, 3/4 Master, Full Master, Main Floor 1/2 Bath, Master Walk-Thru, Private Master, Separate Tub & Shower, Two Master Baths
  • Total Bathrooms: 6
  • Half Bathrooms: 1
  • Three Quarter Bathrooms: 3
  • Full Bathrooms: 2
  • Total Bathrooms: 6
  • Room 1: Living Room, 32x15, On Level: Main
  • Room 2: Dining Room, 22x13, On Level: Main
  • Room 3: Family Room, 22x18, On Level: Main
  • Room 4: Kitchen, 17x16, On Level: Main
  • Room 5: Bedroom, 19x16, On Level: Upper
  • Room 6: Bedroom, 16x15, On Level: Upper
  • Room 7: 15x14, On Level: Upper
  • Room 8: Bedroom, 14x14, On Level: Upper
  • Room 9: Dining Room, 16x11, On Level: Main
  • Room 10: Sunroom/Solarium, 36x14, On Level: Main
  • Room 11: Den/Office, 32x20, On Level: Upper
  • Room 12: Rec Room, 40x16, On Level: Lower
  • Room 13: Other, 12x12, On Level: Lower
  • Basement Features: Drainage System, Finished, Sump Pump, Walkout
  • Basement Style: Full, Walk-out
  • Finished Above Grade Sq Ft: 6713
  • Below Grade Finished Sq Ft: 2970
  • Total Fin Square Footage: 9683

Exterior Features

  • Frontage Road: City, Paved
  • LakeAcres: 14652
  • Exterior: Wood
  • Roof: Wood Shingles
  • Waterfront: Yes
  • Waterfront Description: Lake

Garage/Parking

  • Garage Type: Attached, Detached, Tandem
  • Garage Capacity: 3

Utilities

  • Cooling: Central
  • Fuel: Natural Gas
  • Heat: Forced Air

Schools

  • School District: Orono #278

Lot Info

  • Estimated Lot Dimensions: Irregular
  • Lot/Land Description: Cul De Sac, Irregular Lot, Tree Coverage - Medium

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 29, 2011
Closed on
Nov 1, 2012
Sold by
National Bank National Association
Bought by
Otten Ronald L and Otten Susan K
Seller's Agent
Ellen DeHaven
Coldwell Banker Burnet
Buyer's Agent
Ellen DeHaven
Coldwell Banker Burnet
List Price
$6,950,000
Sold Price
$4,400,000
Premium/Discount to List
-$2,550,000
-36.69%
Current Estimated Value
$9,414,192

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,014,192
Avg. Annual Appreciation
6.07%
Original Mortgage
$2,400,000
Outstanding Balance
$1,596,823
Interest Rate
2.62%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$7,817,369

Purchase Details

Closed on
Apr 7, 2011
Sold by
Newman Graydon K
Bought by
Tcf National Bank

Purchase Details

Closed on
Feb 17, 2011
Sold by
Newman Graydon K
Bought by
Tcf National Bank
Source: Public Records

Range of Values:

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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
Otten Ronald L $4,400,000 Burnet Title
Tcf National Bank $2,065,225 --
Tcf National Bank $4,021,169 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Otten Ronald L $2,400,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/01/2012 11/01/12 Sold $4,400,000 -36.7% $454 / Sq Ft
10/25/2012 10/25/12 Pending -- -- --
08/29/2011 08/29/11 For Sale $6,950,000 -- $718 / Sq Ft
Source: REALTOR® Association of Southern Minnesota

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 $97,219 $8,271,000 $5,712,400 $2,558,600
2023 $91,756 $8,107,600 $5,712,400 $2,395,200
2022 $79,692 $7,509,000 $5,441,000 $2,068,000
2021 $77,691 $6,215,000 $4,534,000 $1,681,000
2020 $73,651 $6,082,000 $4,402,000 $1,680,000
2019 $72,768 $5,524,000 $3,885,000 $1,639,000
2018 $74,067 $5,373,000 $3,790,000 $1,583,000
2017 $74,616 $5,335,000 $3,518,000 $1,817,000
2016 $74,140 $5,295,000 $3,686,000 $1,609,000
2015 $66,309 $4,747,000 $3,140,000 $1,607,000
2014 -- $4,622,000 $3,045,000 $1,577,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 4072538

REALTOR® Association of Southern Minnesota

APN: 17-117-23-11-0002