NOT LISTED FOR SALE

17718 54th St NE Otsego, MN 55374

Estimated Value: $504,000 - $537,000

5 Beds
3.5 Baths
3,126 Sq Ft
$166/Sq Ft Est. Value

Last Sold October 18, 2022

Last sale price $465,000 $149 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $3,184/month

37 Days on Market

Highlights

  • New Construction
  • Home fronts a pond
  • The kitchen features windows
  • Hassan Elementary School Rated A-
  • Recreation Room
  • 5-minute walk to Frankfort Park

About This Home

As of October 2022

Move in Soon!! This Stunning home has everything you need to get ready for the seasons. With a finished basement and beautiful home site backing to green space. A substantial park just a short walk away and and an amazing trail system for biking, walking and running. Outstanding natural light galore, Private office - Massive windows, desired walk in closets, upstairs laundry for ease of workload with an airy 2nd level just outside of the four bedrooms, even room for a desk area to get some work done. Luxury plank flooring, natural gas fireplace flanked with a beautiful stone surround-wood mantle, gleaming quartz countertops throughout the kitchen and all bathrooms! Included and soon to be completed full yard sod, irrigation & front appealing landscaping. Home nicely situated and central to the community of River Pointe. This home is recently completed and final touches in place. Now available to view.

Last Agent to Sell the Property

Jeremiah Norton

Lennar Sales Corp Listed on: 08/16/2022

Lennar Sales Corp

Last Buyer's Agent

Jack Schroeder

Lakes Area Realty G.V.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $384

Year Built

  • Built in 2022 | New Construction

Lot Details

  • Lot Dimensions are 60x135x84x139
  • Home fronts a pond

HOA Fees

  • $26 Monthly HOA Fees

Parking

  • 3 Car Attached Garage

Home Design

  • Flex
  • Insulated Concrete Forms

Interior Spaces

  • 2-Story Property
  • Family Room with Fireplace
  • Recreation Room

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal
  • The kitchen features windows

Bedrooms and Bathrooms

  • 5 Bedrooms

Unfinished Basement

  • Walk-Out Basement
  • Sump Pump

Farming

  • Sod Farm

Utilities

  • Forced Air Heating and Cooling System
  • 200+ Amp Service

Community Details

  • Association fees include professional mgmt
  • Omega Management Association, Phone Number (763) 512-4380
  • Built by LENNAR
  • The Meadows Of River Pointe Community
  • The Meadows Of River Pointe Subdivision

Listing and Financial Details

  • Assessor Parcel Number 118333003040

Home Details

Home Type

Single Family

Est. Annual Taxes

$384

Year Built

Built in 2022 | New Construction

Lot Details

0

HOA Fees

$26 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: 1
  • Water Source: City Water/Connected
  • Fee Frequency: Quarterly
  • Year Built: 2022
  • Above Grade Finished Sq Ft: 2271
  • Unit Levels: Two
  • New Construction: Yes
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: 4098
  • Property Sub Type: Detached

Interior Features

  • Basement: Insulating Concrete Forms, Concrete, Sump Pump, Unfinished, Walkout
  • Appliances: Dishwasher, Disposal, Microwave, Range, Refrigerator
  • Fireplace Features: Family Room, Gas, Other
  • Living Area: 3126
  • Fireplace: Yes
  • Below Grade Finished Sq Ft: 855
  • Basement YN: Yes
  • Dining Room Type: Dining Room, Family Room, Kitchen, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Flex Room, Recreation Room, Laundry
  • SqFtTotal: 3379.00

Beds/Baths

  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Three Quarter Bathrooms: 2

Exterior Features

  • Roof: Age 8 Years or Less, Asphalt
  • Fencing: None
  • Lake Acres: 0
  • LakeChain: N

Garage/Parking

  • Parking Features: Attached Garage, Asphalt
  • Garage Square Feet: 678

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • Electric: 200+ Amp Service
  • Fuel: Natural Gas

Condo/Co-op/Association

  • HOA Fee Includes: Other, Professional Mgmt
  • Phone: 763-512-4380
  • Association Fee: 78
  • Association: Yes
  • Amenities Unit: French Doors,Kitchen Center Island,Kitchen Window,Primary Bedroom Walk-In Closet,In-Ground Sprinkler,Walk-In Closet
  • Community Name: The Meadows of River Pointe

Association/Amenities

  • HOA Management Co: Omega Management
  • Builders Association Membership(s): Builders Association of the Twin Cities

Schools

  • Junior High Dist: Elk River
  • SchoolDistrictNumber: 728
  • SchoolDistrictPhone: 763-241-3400

Lot Info

  • Waterfront YN: No
  • PropertyAttachedYN: No
  • Lot Size: 60x135x84x139
  • Land Lease: No
  • Lot Features: Sod Included in Price, Tree Coverage - Medium
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Builder License: 1413
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Brick/Stone, Metal Siding, Vinyl Siding

Tax Info

  • Tax Year: 2021
  • Assessor Parcel Number: 118333003040
  • Tax Annual Amount: 384
  • TaxWithAssessments: 384.0000

Multi Family

  • WaterfrontFeatures: Pond
  • Total Units Sold: 43

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 16, 2022
Closed on
Oct 18, 2022
Sold by
Us Home Llc
Bought by
Thomas Benjamin and Thomas Kristen
Seller's Agent
Jeremiah Norton
Lennar Sales Corp
Buyer's Agent
Jack Schroeder
Lakes Area Realty G.V.
List Price
$548,855
Sold Price
$465,000
Premium/Discount to List
-$83,855
-15.28%
Current Estimated Value
$517,701

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$52,701
Avg. Annual Appreciation
3.11%
Original Mortgage
$325,000
Outstanding Balance
$312,707
Interest Rate
5.66%
Mortgage Type
New Conventional
Estimated Equity
$196,246
Source: Public Records

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
Thomas Benjamin $465,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Thomas Benjamin $325,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/18/2022 10/18/22 Sold $465,000 -1.1% $149 / Sq Ft
09/22/2022 09/22/22 Pending -- -- --
09/21/2022 09/21/22 Price Changed $469,990 -3.1% $150 / Sq Ft
09/16/2022 09/16/22 Price Changed $484,990 -3.0% $155 / Sq Ft
09/10/2022 09/10/22 Price Changed $499,990 -2.0% $160 / Sq Ft
08/28/2022 08/28/22 Price Changed $509,990 -1.9% $163 / Sq Ft
08/26/2022 08/26/22 Price Changed $519,990 -5.3% $166 / Sq Ft
08/16/2022 08/16/22 For Sale $548,855 -- $176 / 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
2025 $4,960 $474,400 $105,000 $369,400
2024 $366 $453,200 $95,000 $358,200
2023 $366 $526,700 $102,000 $424,700
2022 $384 $65,000 $65,000 $0
2021 $302 $50,000 $50,000 $0
2020 $218 $50,000 $50,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6249529

NorthstarMLS

APN: 118-333-003040