NOT LISTED FOR SALE

18422 Lafayette Way Unit 428E Lakeville, MN 55044

Estimated Value: $314,000 - $329,000

3 Beds
2.5 Baths
1,809 Sq Ft
$177/Sq Ft Est. Value

Last Sold February 09, 2024

Last sale price $295,000 $163 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $2,198/month

92 Days on Market

Highlights

  • Loft
  • Stainless Steel Appliances
  • Patio
  • Kenwood Trail Middle School Rated A
  • 2 Car Attached Garage
  • Accessible Pathway

About This Home

As of February 2024

Move right into this outstanding 2 story, end unit townhome in the Prairie Lake Lodges neighborhood of Lakeville. Over 1800 sq ft of space featuring an ample kitchen with a large pantry and stainless-steel appliances, informal dining, a comfy living room with gas fireplace and an awesome patio on the ground level. Upstairs you will find 3 bedrooms, convenient laundry room plus a huge loft/family room. The primary bedroom has a walk in closet and its own full en-suite bath including a soaking tub and separate walk in shower. Easy access to I35 and close to walking/biking trails, restaurants, shopping and all that Lakeville offers. ISD 194 schools. This is the 3 bed, 3 bath, 2 car townhome you've been looking for! Book a showing today!

Last Agent to Sell the Property

Eric Sharbo

Re/Max Advantage Plus Listed on: 10/25/2023

Re/Max Advantage Plus

Co-Listed By

Jennifer Bice

Agent Referral Network

Last Buyer's Agent

Dean Ahmed

Bridge Realty, LLC

Bridge Realty, LLC

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $3,106

Year Built

  • Built in 2007

Lot Details

  • 0.7

HOA Fees

  • $260 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Guest Parking

Home Design

  • Pitched Roof
  • Vinyl Siding

Interior Spaces

  • 1,809 Sq Ft Home
  • 2-Story Property
  • Gas Fireplace
  • Living Room with Fireplace
  • Dining Room
  • Loft

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Forced Air Heating and Cooling System
  • Gas Water Heater
  • Cable TV Available

Additional Features

  • Accessible Pathway
  • Patio

Community Details

  • Association fees include maintenance structure, hazard insurance, lawn care, ground maintenance, trash, shared amenities, snow removal
  • Network Management Company Association, Phone Number (952) 432-8979
  • Prairie Lake 8Th Add Subdivision

Listing and Financial Details

  • Property Available on 12/31/69
  • Assessor Parcel Number 225850705428

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$3,106

Year Built

Built in 2007

Lot Details

0

HOA Fees

$260 per month

Parking

2

Listing Details

  • Type: Residential
  • Property Subtype 1: Townhouse Side x Side
  • Cooling System: Central Air
  • Garage Spaces: 2
  • Accessibility Features: No Stairs External
  • Fireplaces: 1
  • Water Source: City Water/Connected
  • Fee Frequency: Monthly
  • Year Built: 2007
  • Above Grade Finished Sq Ft: 1809
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • InternetOptions: Cable
  • Special Features: VirtualTour
  • Property Sub Type: Townhouses

Interior Features

  • Basement: None
  • Appliances: Dishwasher, Disposal, Dryer, Gas Water Heater, Microwave, Range, Refrigerator, Stainless Steel Appliances, Washer
  • Fireplace Features: Gas, Living Room
  • Living Area: 1809
  • Fireplace: Yes
  • Basement YN: No
  • Dining Room Type: Living Room, Dining Room, Kitchen, Bedroom 1, Bedroom 2, Bedroom 3, Loft

Beds/Baths

  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3

Exterior Features

  • Roof: Age 8 Years or Less, Asphalt, Pitched
  • ConstructionMaterialsDesc: Frame
  • PatioPorchType: Patio

Garage/Parking

  • Parking Features: Attached Garage, Asphalt, Garage Door Opener, Guest Parking

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • Electric: Circuit Breakers
  • Fuel: Natural Gas

Condo/Co-op/Association

  • HOA Fee Includes: Maintenance Structure, Hazard Insurance, Lawn Care, Maintenance Grounds, Trash, Shared Amenities, Snow Removal
  • Phone: 952-432-8979
  • Association Fee: 260
  • Association: Yes
  • Amenities Unit: Ceiling Fan(s),Primary Bedroom Walk-In Closet,Patio,Washer/Dryer Hookup,Walk-In Closet

Association/Amenities

  • HOA Management Co: Network Management Company

Schools

  • Junior High Dist: Lakeville
  • SchoolDistrictPhone: 952-232-2000

Lot Info

  • PropertyAttachedYN: Yes
  • Lot Size: Common
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Brick/Stone, Vinyl Siding

Rental Info

  • Available Date: 1969-12-31

Tax Info

  • Tax Year: 2023
  • Assessor Parcel Number: 225850705428
  • Tax Annual Amount: 3106
  • TaxWithAssessments: 3106.0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 25, 2023
Closed on
Feb 9, 2024
Sold by
Railey Jodi
Bought by
Sunkam Sudershan and Sunkam Saroja
Seller's Agent
Eric Sharbo
Re/Max Advantage Plus
Buyer's Agent
Dean Ahmed
Bridge Realty, LLC
List Price
$315,000
Sold Price
$295,000
Premium/Discount to List
-$20,000
-6.35%
Views
172
Current Estimated Value
$319,574

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$24,574
Avg. Annual Appreciation
4.76%
Original Mortgage
$204,549
Outstanding Balance
$200,934
Interest Rate
6.61%
Mortgage Type
New Conventional
Estimated Equity
$118,640

Purchase Details

Closed on
Dec 2, 2019
Sold by
Stallkamp Eugene Louis and Stallkamp Marilyn Esther
Bought by
Railey Jodi Lynn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$214,285
Interest Rate
3.7%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 18, 2013
Sold by
Johnson Matthew and Johnson Tanya
Bought by
Johnson Matthew and Johnson Tanya

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,200
Interest Rate
3.38%
Mortgage Type
New Conventional
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
Sunkam Sudershan $295,000 --
Railey Jodi Lynn $234,000 Trademark Title Services Inc
Johnson Matthew -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sunkam Sudershan $204,549
Previous Owner Railey Jodi Lynn $214,285
Previous Owner Johnson Matthew $165,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/09/2024 02/09/24 Sold $295,000 -3.3% $163 / Sq Ft
01/29/2024 01/29/24 Pending -- -- --
01/07/2024 01/07/24 Price Changed $305,000 -1.6% $169 / Sq Ft
12/08/2023 12/08/23 Price Changed $310,000 -1.6% $171 / Sq Ft
10/28/2023 10/28/23 For Sale $315,000 -- $174 / 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
2024 $3,180 $310,800 $65,700 $245,100
2023 $3,180 $299,100 $65,500 $233,600
2022 $2,866 $296,300 $65,200 $231,100
2021 $2,686 $254,500 $56,700 $197,800
2020 $2,726 $232,700 $54,000 $178,700
2019 $2,340 $224,500 $51,500 $173,000
2018 $2,293 $202,500 $47,600 $154,900
2017 $2,107 $195,800 $44,100 $151,700
2016 $2,154 $180,500 $42,000 $138,500
2015 $2,053 $154,491 $35,483 $119,008
2014 -- $153,946 $34,230 $119,716
2013 -- $124,080 $28,840 $95,240
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6452782

NorthstarMLS

APN: 22-58507-05-428