NOT LISTED FOR SALE

16825 Island Terrace Lakeville, MN 55044

Estimated Value: $828,000 - $883,000

5 Beds
3.5 Baths
5,204 Sq Ft
$165/Sq Ft Est. Value

Last Sold November 09, 2012

Last sale price $725,000 $139 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $5,388/month

30 Days on Market

Highlights

  • Heated In Ground Pool
  • Deck
  • Wood Flooring
  • Kenwood Trail Middle School Rated A
  • Vaulted Ceiling
  • Whirlpool Bathtub

About This Home

As of November 2012

Stunning custom, exec 2sty in demand upper bracket Lakeville locale!No detail overlooked! Gracious interior loaded w/built-ins, cherry,stone,4 fplcs,top quality.3 season porch,hearth rm,spaces galore!Superb ext w/pool, lg backyard w/fence.WOW.Must see!

Last Agent to Sell the Property

Rochelle Johnson-Brown

Edina Realty, Inc. Listed on: 09/05/2012

Last Buyer's Agent

Laurie King

Edina Realty, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,828

Year Built

  • 2003

Lot Details

  • 0.42 Acre Lot
  • Fenced Yard
  • Sprinkler System

Home Design

  • Brick Exterior Construction
  • Wood Siding
  • Stucco Exterior

Interior Spaces

  • 2-Story Property
  • Vaulted Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Formal Dining Room
  • Home Security System

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Cooktop
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet
  • Primary Bathroom is a Full Bathroom
  • Bathroom on Main Level
  • Whirlpool Bathtub
  • Bathtub With Separate Shower Stall

Laundry

  • Dryer
  • Washer

Finished Basement

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

Parking

  • 3 Car Attached Garage
  • Garage Door Opener
  • Driveway

Eco-Friendly Details

  • Air Exchanger

Outdoor Features

  • Heated In Ground Pool
  • Deck
  • Porch

Utilities

  • Forced Air Heating and Cooling System
  • Water Softener is Owned

Listing and Financial Details

  • Assessor Parcel Number 224695002060

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,828

Year Built

2003

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Classification: Homestead
  • Amenities: Ceiling Fans, Garage Door Opener, Hardwood Floors, Security System, Tiled Floors, Vaulted Ceilings, Walk-In Closet
  • Amenities Exterior: Deck, Driveway - Concrete, Fenced Yard - Full, Inground Sprinkler System, Porch
  • Estimated Number of Acres: 0.42
  • Construction: Previously Owned
  • Foundation Size: 1569
  • Mechanicals: Air to Air Exchange, Water Softener-Owned
  • Parcel Number: 224695002060
  • Projected Closed Date: 11/19/2012
  • Stories: 2 Story
  • Taxes With Assessments: 9026
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 2003

Interior Features

  • Dining Room: Breakfast Nook, Eat-In Kitchen, Formal Dining Room
  • Fireplace: Yes
  • Fireplace Type: Gas
  • Appliances: Cooktop, Dishwasher, Disposal, Dryer, Microwave, Range/Stove, Refrigerator, Washer
  • Total Bedrooms: 5
  • Bathroom Description: 3/4 Basement, Full Master, Main Floor 1/2 Bath, Private Master, Separate Tub & Shower, Whirlpool
  • Total Bathrooms: 4
  • Half Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Full Bathrooms: 2
  • Total Bathrooms: 4
  • Room 1: Living Room, 19x15, On Level: Main
  • Room 2: Dining Room, 11x14, On Level: Main
  • Room 3: Family Room, 33x20, On Level: Lower
  • Room 4: Kitchen, 11x25, On Level: Main
  • Room 5: Bedroom, 19x19, On Level: Upper
  • Room 6: Bedroom, 14x12, On Level: Upper
  • Room 7: 13x13, On Level: Upper
  • Room 8: Bedroom, 11x25, On Level: Upper
  • Room 9: 4 Season Porch, 12x16, On Level: Main
  • Room 10: Other, 13x17, On Level: Lower
  • Room 11: Bedroom, 12x13, On Level: Lower
  • Room 12: Other, 11x27, On Level: Lower
  • Room 13: Other, 14x10, On Level: Upper
  • Room 14: Mud Room, 11x10, On Level: Main
  • Basement Features: Finished, Sump Pump, Walkout
  • Basement Style: Full, Walk-out
  • Finished Above Grade Sq Ft: 3820
  • Below Grade Finished Sq Ft: 1384
  • Total Fin Square Footage: 5204

Exterior Features

  • Exterior: Brick, Stucco, Wood
  • Pool: In-Ground, Heated, Outdoor

Garage/Parking

  • Garage Type: Attached
  • Garage Capacity: 3

Utilities

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

Schools

  • School District: Lakeville #194

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 5, 2012
Closed on
Nov 9, 2012
Sold by
Flack Kathy D
Bought by
Miller Jonathan C and Miller Jill S
Seller's Agent
Rochelle Johnson-Brown
Edina Realty, Inc.
Buyer's Agent
Laurie King
Edina Realty, Inc.
List Price
$774,900
Sold Price
$725,000
Premium/Discount to List
-$49,900
-6.44%
Current Estimated Value
$858,443

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$133,443
Avg. Annual Appreciation
1.32%
Original Mortgage
$235,427
Outstanding Balance
$163,112
Interest Rate
3.37%
Mortgage Type
Credit Line Revolving
Estimated Equity
$695,331

Purchase Details

Closed on
Jun 23, 2006
Sold by
Falvey James E and Falvey Cynthia M
Bought by
Flack Greg and Flack Kathy D

Purchase Details

Closed on
Aug 26, 2002
Sold by
Ryan Construction Co
Bought by
Falvey Realty Inc
Source: Public Records

Range of Values:

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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
Miller Jonathan C $725,000 Edina Realty Title Inc
Flack Greg $1,034,000 --
Falvey Realty Inc $184,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Miller Jonathan C $235,427
Open Miller Jonathan C $417,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/09/2012 11/09/12 Sold $725,000 -6.4% $139 / Sq Ft
10/05/2012 10/05/12 Pending -- -- --
09/05/2012 09/05/12 For Sale $774,900 -- $149 / 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 $9,828 $829,900 $173,300 $656,600
2023 $9,828 $839,600 $172,700 $666,900
2022 $9,988 $795,700 $172,200 $623,500
2021 $9,368 $793,300 $188,200 $605,100
2020 $9,746 $726,100 $179,300 $546,800
2019 $9,287 $717,500 $170,700 $546,800
2018 $9,307 $706,500 $162,500 $544,000
2017 $9,174 $695,900 $154,700 $541,200
2016 $10,069 $679,000 $147,300 $531,700
2015 $9,266 $704,800 $143,000 $561,800
2014 -- $679,400 $139,100 $540,300
2013 -- $619,900 $127,400 $492,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 4395162

REALTOR® Association of Southern Minnesota

APN: 22-46950-02-060