NOT LISTED FOR SALE

17845 Formosa Ave Lakeville, MN 55044

Estimated Value: $520,000 - $563,000

4 Beds
2.5 Baths
2,763 Sq Ft
$197/Sq Ft Est. Value

Last Sold October 19, 2012

Last sale price $275,000 $100 Per Sq Ft

Est. 98% increase in value since last sale

Current estimated payment $3,314/month

503 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • Breakfast Area or Nook
  • Vaulted Ceiling
  • Whirlpool Bathtub
  • Formal Dining Room

About This Home

As of October 2012

Exceptional home, lot, neighborhood! Many upgrades/additions in & out! Spacious rms, great floorplan, granite counters, butler's pantry. Maple cabinets, trim, flooring! Extensive prof landscping, sprinkler system, quality deck/paver patio! Suppl. Captions

Last Agent to Sell the Property

Glenn Solberg

RE/MAX Results Listed on: 05/09/2011

Last Buyer's Agent

Gregory Priest

Home Value Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,388

Year Built

  • 2005

Lot Details

  • 0.29 Acre Lot
  • Cul-De-Sac
  • Sprinkler System
  • Few Trees

Home Design

  • Poured Concrete
  • Asphalt Shingled Roof
  • Metal Siding

Interior Spaces

  • 2,763 Sq Ft Home
  • 2-Story Property
  • Woodwork
  • Vaulted Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Formal Dining Room
  • Home Security System
  • Washer and Dryer Hookup

Kitchen

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

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

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

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump
  • Drain
  • Basement Window Egress

Parking

  • 3 Car Attached Garage
  • Garage Door Opener
  • Driveway

Outdoor Features

  • Deck
  • Patio

Utilities

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

Listing and Financial Details

  • Short Sale
  • Assessor Parcel Number 221860313001

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,388

Year Built

2005

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Classification: Homestead
  • Amenities: Ceiling Fans, Garage Door Opener, Hardwood Floors, Natural Woodwork, Security System, Tiled Floors, Vaulted Ceilings, Walk-In Closet, Washer/Dryer Hookups
  • Amenities Exterior: Deck, Driveway - Asphalt, Inground Sprinkler System, Patio
  • Estimated Number of Acres: 0.29
  • Construction: Previously Owned
  • Foundation Size: 1537
  • Mechanicals: Furnace Humidifier, Water Softener-Owned
  • Parcel Number: 221860313001
  • Potential Short Sale: Yes
  • Stories: 2 Story
  • Special Features: 12
  • Property Sub Type: Detached
  • Year Built: 2005

Interior Features

  • Dining Room: Breakfast Nook, Eat-In Kitchen, Formal Dining Room, Informal Dining Room
  • Fireplace: Yes
  • Fireplace Type: Gas
  • Appliances: Dishwasher, Disposal, Microwave, Range/Stove
  • Total Bedrooms: 4
  • Bathroom Description: Full Master, Main Floor 1/2 Bath, Private Master, Rough In, Separate Tub & Shower, Whirlpool
  • Total Bathrooms: 3
  • Half Bathrooms: 1
  • Full Bathrooms: 2
  • Total Bathrooms: 3
  • Room 1: Living Room, 13x10, On Level: Main
  • Room 2: Dining Room, 14x13, On Level: Main
  • Room 3: Family Room, 20x13, On Level: Main
  • Room 4: Kitchen, 14x13, On Level: Main
  • Room 5: Bedroom, 19x16, On Level: Upper
  • Room 6: Bedroom, 13x12, On Level: Upper
  • Room 7: 13x13, On Level: Upper
  • Room 8: Bedroom, 13x12, On Level: Upper
  • Room 9: Dining Room, 13x11, On Level: Main
  • Room 10: Laundry Room, 10x6, On Level: Main
  • Room 11: Pantry, 8x5, On Level: Main
  • Basement Features: Drainage System, Egress Windows, Sump Pump, Unfinished
  • Basement Material: Poured Concrete
  • Basement Style: Full
  • Finished Above Grade Sq Ft: 2763
  • Total Fin Square Footage: 2763

Exterior Features

  • Frontage Road: City, Curb/Gutters, Paved
  • Exterior: Metal
  • Roof: Asphalt Shingles

Garage/Parking

  • Garage Type: Attached
  • Garage Capacity: 3

Utilities

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

Lot Info

  • Estimated Lot Dimensions: 85x149x85x
  • Lot/Land Description: Cul De Sac, Tree Coverage - Light

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 24, 2021
Sold by
Talluri Rajasekharam and Kallakuri Revathi
Bought by
Morgan Kyle and Lewis Hillary
Current Estimated Value
$544,589

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$491,150
Interest Rate
3.09%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 9, 2011
Closed on
Oct 19, 2012
Sold by
Stratton Duane L and Stratton Nancy M
Bought by
Talluri Rajasekharam
Seller's Agent
Glenn Solberg
RE/MAX Results
Buyer's Agent
Gregory Priest
Home Value Realty
List Price
$348,500
Sold Price
$275,000
Premium/Discount to List
-$73,500
-21.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.38%
Original Mortgage
$261,250
Interest Rate
3.32%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 26, 2005
Sold by
D R Horton Inc Minnesota
Bought by
Stratton Duane L and Stratton Nancy M
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
Morgan Kyle $517,000 Titlesmart Inc
Talluri Rajasekharam $275,000 Liberty Title
Stratton Duane L $432,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Morgan Kyle $491,150
Previous Owner Talluri Rajasekharam $261,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/19/2012 10/19/12 Sold $275,000 -21.1% $100 / Sq Ft
09/23/2012 09/23/12 Pending -- -- --
05/09/2011 05/09/11 For Sale $348,500 -- $126 / 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 $5,388 $494,500 $111,900 $382,600
2023 $5,388 $500,200 $111,600 $388,600
2022 $5,112 $484,900 $111,200 $373,700
2021 $5,392 $406,500 $96,700 $309,800
2020 $5,422 $414,600 $101,600 $313,000
2019 $5,084 $403,100 $96,800 $306,300
2018 $4,911 $377,700 $92,100 $285,600
2017 $4,896 $358,600 $87,700 $270,900
2016 $5,010 $347,200 $83,500 $263,700
2015 $4,642 $335,540 $79,568 $255,972
2014 -- $334,341 $77,382 $256,959
2013 -- $311,233 $70,288 $240,945
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2012

    Glenn Solberg

    RE/MAX

  • G

    Buyer's Agent in 2012

    Gregory Priest

    Home Value Realty

See All Agents

Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 4042987

REALTOR® Association of Southern Minnesota

APN: 22-18603-01-130

Minnesota Dakota County Lakeville 55044

17845 Formosa Ave, Lakeville, MN

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