Seller's Agent in 2023
Jim Schwarz
Lakes Sotheby's International
(612) 251-7201
2 in this area
65 Total Sales
18116 Ridgewood Rd Minnetonka, MN 55345
Sparrow NeighborhoodEstimated Value: $1,630,000 - $2,438,000
23.14
Acres
$83,117
Price per Acre
1,007,978
Sq Ft Lot
Highlights
- Home fronts a pond
- No HOA
- Wood Fence
- Deephaven Elementary School Rated A
About This Lot
As of September 2023Fantastic 23-acre estate or development opportunity in Minnetonka! Private setting with mature trees, wetlands, pond and spectacular views. Award winning Minnetonka schools including Deephaven Elementary!Property is zoned R-1 (low density residential). Open to all builders and developers. Site includes a single family home and outbuilding but value is in the land. Fabulous location north of Hwy 7 and westof Hwy 101. Close to schools, parks, shopping, restaurants and golf. Minutes to downtown Excelsior andWayzata.
Property Details
Property Type
- Land
Est. Annual Taxes
- $14,128
Lot Details
- Lot Dimensions are 654x1482x656x1608
- Home fronts a pond
- Wood Fence
- Irregular Lot
- Additional Parcels
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 1911722420001
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 24, 2022
Closed on
Sep 15, 2023
Sold by
Millhone Lisa Ann and Millhone Kirk J
Bought by
R E C Inc
Seller's Agent
Jim Schwarz
Lakes Sotheby's International
Buyer's Agent
John Parker
Coldwell Banker Realty
List Price
$2,995,000
Sold Price
$2,700,000
Premium/Discount to List
-$295,000
-9.85%
Views
6
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$776,667
Avg. Annual Appreciation
-13.84%
Purchase Details
Listed on
Jun 24, 2022
Closed on
Jul 18, 2023
Sold by
Millhone Lisa Ann and Millhone Kirk J
Bought by
Millhone Lisa Ann and Millhone Kirk J
Seller's Agent
Jim Schwarz
Lakes Sotheby's International
Buyer's Agent
John Parker
Coldwell Banker Realty
List Price
$2,995,000
Sold Price
$2,700,000
Premium/Discount to List
-$295,000
-9.85%
Views
6
Purchase Details
Closed on
Sep 9, 2022
Sold by
Morrison Phillip E
Bought by
Millttone Lisa Ann and Millttone Kirk J
Purchase Details
Closed on
May 9, 2011
Sold by
Zimmerman Marie
Bought by
Morrison Phillip E and Millhone Lisa Ann
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
3.5%
Mortgage Type
Adjustable Rate Mortgage/ARM
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| R E C Inc | $2,700,000 | Chb Title | |
| Millhone Lisa Ann | -- | None Listed On Document | |
| Millttone Lisa Ann | -- | -- | |
| Morrison Phillip E | $850,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Millhone Lisa Ann | $417,000 | |
| Previous Owner | Millhone Lisa Ann | $103,000 | |
| Previous Owner | Zimmerman Marie | $795,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/15/2023 09/15/23 | Sold | $2,700,000 | -9.8% | -- |
| 08/18/2023 08/18/23 | Pending | -- | -- | -- |
| 06/24/2022 06/24/22 | For Sale | $2,995,000 | -- | -- |
Source: NorthstarMLS
Tax History Compared to Growth
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 | $33,156 | $2,305,100 | $1,875,000 | $430,100 |
| 2022 | $13,964 | $2,248,500 | $1,875,000 | $373,500 |
| 2021 | $13,836 | $929,900 | $625,000 | $304,900 |
| 2020 | $14,227 | $925,300 | $625,000 | $300,300 |
| 2019 | $13,935 | $912,300 | $625,000 | $287,300 |
| 2018 | $14,057 | $892,200 | $625,000 | $267,200 |
| 2017 | $13,051 | $828,100 | $625,000 | $203,100 |
| 2016 | $12,124 | $772,700 | $625,000 | $147,700 |
| 2015 | $12,739 | $801,400 | $625,000 | $176,400 |
| 2014 | -- | $841,900 | $625,000 | $216,900 |
Source: Public Records
Agents Affiliated with this Home
-
Jim Schwarz
-
John Parker
Buyer's Agent in 2023
John Parker
Coldwell Banker Burnet
(612) 868-4646
1 in this area
41 Total Sales
Map
Source: NorthstarMLS
MLS Number: 6225903
APN: 19-117-22-42-0001
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