NOT LISTED FOR SALE

Estimated Value: $3,007,817 - $5,168,000

0.53 Acre
$8,421,639 Price per Acre
22,956 Sq Ft Lot

Last Sold July 12, 2019

Last sale price $715,000 $383 Per Sq Ft

Est. 521% increase in value since last sale

Current estimated payment $28,636/month

42 Days on Market

About This Lot

As of July 2019

The best of Deephaven, located in the heart of Cottagewood, USA! A unique Cottagewood neighborhood opportunity! This generous 0.53 acre corner homesite is beautifully located in a charming setting near neighborhood parks, trails and tennis courts. Just a short walk to the Cottagewood Store and Lake Minnetonka beaches. Award winning Minnetonka Schools! Kyle Hunt & Partners will customize the shingle style cottage home currently designed by Sharratt Design Company for the property. You may also choose your own design to suit your budget, one which perfectly responds to your style and design needs.

Last Listed By

Ellen DeHaven

Coldwell Banker Realty Listed on: 05/17/2019

Coldwell Banker Realty

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $9,056

Year Built

  • 1950

Lot Details

  • 0.53 Acre Lot
  • Lot Dimensions are 184x98x221x125

Community Details

  • No Home Owners Association
  • Built by KYLE HUNT & PARTNERS INCORPORATED
  • Deephaven Heights Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2411723330027

Property Details

Property Type

Land

Est. Annual Taxes

$9,056

Year Built

1950

Lot Details

0

Listing Details

  • Type: Lots & Land
  • Development Status: Other
  • Restrict To Builders: Closed
  • Carport Y N: No
  • Co Listing Association Office S K: 9091
  • Development Y N: Yes
  • Improvement Type: Paved Streets, Public Road
  • Inclusions Type: For Sale Sign, Survey, Topographic Map
  • Internet Entire Listing Display: Yes
  • List A O R Key Numeric: 9091
  • Listing Organization: Regional MLS of Minnesota
  • Living Area Finished Units: Square Feet
  • Parcel Numbers: 2411723330027
  • Plat Recorded Y N: Yes
  • Rental License: No
  • Restrictions Type: None
  • Restrict To Builders Description: Kyle Hunt & Partners, Inc.
  • Total Lots Available Count: 1
  • Total Lots Sold Count: 1
  • Special Features: None
  • Property Sub Type: LotsLands
  • Year Built: 1950

Interior Features

  • Fireplace: No

Utilities

  • Utilities: Cable Available, Cable Connected, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Phone Available, Phone Connected, Private Well Available, Private Well Connected, Sewer Available, Sewer Connected

Association/Amenities

  • Association Fee Yn: No

Schools

  • School District: 276 - Minnetonka
  • School District Phone: 952-401-5000

Lot Info

  • Zoning: Residential-Single Family
  • Topography: Sloped
  • Waterfront YN: No
  • Assessment Pending: Unknown
  • Lot Size: 184x98x221x125
  • Maximum Acres: 0.53
  • Minimum Acres: 0.52
  • Builder License: 1967
  • Homestead: No
  • LandLeaseAmountFrequency: No
  • Lot Size Acres: 0.5270
  • Lot Size Area Units: Square Feet

Tax Info

  • TaxLegalDescription: LOT 008 BLOCK 002 DEEPHAVEN HEIGHTS
  • Tax Amount: 9055.54
  • Tax Year: 2019
  • Tax With Assessments: 9055.54
  • Assessor Parcel Number: 2411723330027

MLS Schools

  • School District Name: 276 - Minnetonka

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 17, 2019
Closed on
Jul 16, 2019
Sold by
Tonka Bay Financial Llc
Bought by
Marantz David and Kessler Bari
Seller's Agent
Ellen DeHaven
Coldwell Banker Realty
List Price
$750,000
Sold Price
$715,000
Premium/Discount to List
-$35,000
-4.67%
Total Days on Market
42
Current Estimated Value
$4,438,204

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,723,204
Avg. Annual Appreciation
36.77%

Purchase Details

Listed on
Sep 4, 2018
Closed on
Nov 29, 2018
Sold by
Kordonowv Thomas F and Kordonowv Janet K
Bought by
Tonka Bay Financial Llc
Seller's Agent
Katherine Kitt
RE/MAX Advantage Plus
List Price
$750,000
Sold Price
$649,000
Premium/Discount to List
-$101,000
-13.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.21%

Purchase Details

Closed on
May 31, 2018
Sold by
Noll Jodi L and Nibbe Jane R
Bought by
Kordonowy Thomas F and Kordonowy Janet K

Range of Values:

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Average Value
Not Available
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
Marantz David $715,000 Burnet Title
Tonka Bay Financial Llc $649,000 Burnet Title
Kordonowy Thomas F $750,000 Trademark Title Secs Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Marantz David $2,220,000
Closed Marantz David $2,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/12/2019 07/12/19 Sold $715,000 -4.7% $383 / Sq Ft
05/17/2019 05/17/19 For Sale $750,000 +15.6% $402 / Sq Ft
11/30/2018 11/30/18 Sold $649,000 -7.3% $347 / Sq Ft
10/10/2018 10/10/18 Pending -- -- --
09/10/2018 09/10/18 Price Changed $699,999 -6.7% $374 / Sq Ft
09/04/2018 09/04/18 For Sale $750,000 -- $401 / 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
2023 $48,367 $3,957,300 $678,000 $3,279,300
2022 $11,669 $3,732,000 $622,000 $3,110,000
2021 $8,610 $915,000 $565,000 $350,000
2020 $8,902 $695,000 $426,000 $269,000
2019 $9,056 $691,000 $424,000 $267,000
2018 $8,276 $705,000 $424,000 $281,000
2017 $7,897 $617,000 $377,000 $240,000
2016 $7,644 $590,000 $352,000 $238,000
2015 $6,950 $540,000 $326,000 $214,000
2014 -- $473,000 $265,000 $208,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: NST5228083

NorthstarMLS

APN: 24-117-23-33-0027