NOT LISTED FOR SALE

20575 Vernon Ave Prior Lake, MN 55372

Estimated Value: $1,138,000 - $1,618,000

5 Beds
2.5 Baths
4,912 Sq Ft
$289/Sq Ft Est. Value

Sale Details

Date Sold: November 9, 2012

Last sale price $725,000 $148 Per Sq Ft

Est. 102% increase in value since last sale

Current estimated payment $8,895 / mo

108 Days on Market

Highlights

  • Indoor Arena
  • Fitness Center
  • Deck
  • Lake Marion Elementary School Rated A
  • 20 Acre Lot
  • Vaulted Ceiling

About This Home

As of November 2012

Amazing property. 20 acres w/custom built ramber. 66x96 indoor riding arena, 40x80 barn w/up to 12 horse stalls, heated tack room, auto water. Vaults, tile, huge kitchen

Last Agent to Sell the Property

Richard Ketterling

RE/MAX Results Listed on: 06/29/2012

Co-Listed By

Gail Strom

RE/MAX Results

Last Buyer's Agent

Elizabeth Steffes

Better Homes and Gardens Real Estate All Seasons

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $11,136

Year Built

  • Built in 1995

Lot Details

  • 20 Acre Lot
  • Lot Dimensions are 661x702x662x653
  • Property fronts a county road
  • Fenced Yard
  • Lot Has A Rolling Slope
  • Few Trees

Home Design

  • Asphalt Shingled Roof
  • Metal Siding
  • Stucco Exterior

Interior Spaces

  • 1-Story Property
  • Central Vacuum
  • Vaulted Ceiling
  • Gas Fireplace
  • Formal Dining Room
  • Home Security System

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Built-In Oven
  • Cooktop
  • Microwave
  • Dishwasher
  • Trash Compactor

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bathroom is a Full Bathroom
  • Bathroom on Main Level
  • Whirlpool Bathtub
  • Bathtub With Separate Shower Stall

Laundry

  • Dryer
  • Washer

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Drain
  • Finished Basement Bathroom
  • Natural lighting in basement

Parking

  • 3 Car Attached Garage
  • Garage Door Opener
  • Gravel Driveway

Outdoor Features

  • Access to stream, creek or river
  • Deck
  • Patio
  • Porch

Farming

  • 15 Acres of Pasture
  • Hobby or Recreation Farm
  • Farm
  • Horse Farm

Horse Facilities and Amenities

  • Indoor Arena
  • Stables

Utilities

  • Forced Air Heating and Cooling System
  • Private Water Source
  • Water Softener is Owned
  • Private Sewer

Community Details

  • Fitness Center

Listing and Financial Details

  • Assessor Parcel Number 049280024

Property Details

Property Type

Other

Est. Annual Taxes

$11,136

Year Built

Built in 1995

Lot Details

20 Acres

Listing Details

  • Class: Farms
  • Classification: Nonhomestead
  • Sub Type: Farm
  • Amenities: Garage Door Opener, Hardwood Floors, Security System, Tiled Floors, Vaulted Ceilings, Washer/Dryer Hookups
  • Amenities Exterior: Deck, Driveway - Gravel, Fenced Yard - Full, Patio, Porch
  • Assessments: Unknown
  • Foundation Size: 2512
  • Hobby Farm: Yes
  • Mechanicals: Central Vacuum, Water Softner - Owned
  • Parcel Number: 049280024
  • Stories: 1 Story
  • Street Designation: Avenue
  • Estimated Number of Acres: 20
  • Estimated Pasture Acres: 15
  • Estimated Tillable Acres: 15
  • Estimated Wooded Acres: 1
  • Topography: Walkout, Rolling
  • Farm Type: Hobby, Horse
  • Comp Dev Subdiv Name: property can be sub divided
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Dining Room: Breakfast Nook, Eat-In Kitchen, Formal Dining Room, Informal Dining Room
  • Fireplace: Yes
  • Fireplace Type: Gas
  • Appliances: Cooktop, Dishwasher, Dryer, Microwave, Range/Stove, Refrigerator, Trash Compactor, Wall Oven, Washer
  • Total Bedrooms: 5
  • Bathroom Description: 3/4 Basement, Full Basement, Full Master, Main Floor 1/2 Bath, Main Floor Full Bath, Private Master, Separate Tub & Shower, Two Basement Baths, Whirlpool
  • Half Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bathrooms: 3
  • Room 1: Living Room, 20x21, On Level: Main
  • Room 2: Dining Room, 15x13, On Level: Main
  • Room 3: Family Room, 27x15, On Level: Lower
  • Room 4: Kitchen, 21x15, On Level: Main
  • Room 5: Bedroom, 25x19, On Level: Main
  • Room 6: Bedroom, 15x12, On Level: Main
  • Room 7: 16x12, On Level: Lower
  • Room 8: Bedroom, 15x11, On Level: Lower
  • Room 9: Dining Room, 15x12, On Level: Main
  • Room 10: Bedroom, 13x12, On Level: Lower
  • Room 11: Porch, 16x14, On Level: Main
  • Basement Features: Daylight/Lookout Windows, Drainage System, Finished, Walkout
  • Basement Style: Full, Walk-Out
  • Finished Above Grade Sq Ft: 2512
  • Below Grade Finished Sq Ft: 2400
  • Total Fin Square Footage: 4912

Exterior Features

  • Frontage Road: County, Paved
  • Soil Type: Clay
  • Exterior: Metal, Stucco
  • Out Buildings: Arena - Indoor, Stable
  • Roof: Asphalt Shingles
  • Waterfront Description: Creek/Stream

Garage/Parking

  • Garage Type: Attached
  • Garage Capacity: 3

Utilities

  • Cooling: Central
  • Fuel: Natural Gas
  • Heat: Forced Air
  • Sewer: Private
  • Water: Private

Condo/Co-op/Association

  • Shared: Exercise Room

Lot Info

  • Lot/Land Description: Tree Coverage - Light
  • Estimated Lot Dimensions: 661x702x662x653

Building Info

  • Year Built: 1995

Tax Info

  • Year: 2012
  • Tax Value: 11136

MLS Schools

  • School District: Lakeville #194

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 29, 2012
Closed on
Nov 9, 2012
Sold by
Krapu Jeffrey A and Krapu Andrea M
Bought by
Steffes Kenneth D and Steffes Lisa A
Seller's Agent
Richard Ketterling
RE/MAX Results
Buyer's Agent
Elizabeth Steffes
Better Homes and Gardens Real Estate All Seasons
List Price
$850,000
Sold Price
$725,000
Premium/Discount to List
-$125,000
-14.71%
Current Estimated Value
$1,464,907

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$739,907
Avg. Annual Appreciation
5.09%
Original Mortgage
$417,000
Outstanding Balance
$51,789
Interest Rate
3.37%
Mortgage Type
New Conventional
Estimated Equity
$1,365,926

Purchase Details

Closed on
Jan 1, 2005
Sold by
Krapu Jeffrey A and Krapu Andrea M
Bought by
Newkingdom Ministries International Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,225,000
Interest Rate
5.5%
Mortgage Type
Land Contract Argmt. Of Sale

Purchase Details

Closed on
May 16, 2002
Sold by
Bothum Mark D and Bothum Cynthia K
Bought by
Belzer Jeffrey A and Krapu Jeffrey A
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
Steffes Kenneth D $362,500 Liberty Title Inc
Steffes Lisa A $362,500 Liberty Title Inc
Newkingdom Ministries International Inc $1,250,000 --
Belzer Jeffrey A $847,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open Steffes Lisa A $417,000
Closed Steffes Kenneth D $126,500
Previous Owner Newkingdom Ministries International Inc $1,225,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/09/2012 11/09/12 Sold $725,000 -14.7% $148 / Sq Ft
10/15/2012 10/15/12 Pending -- -- --
06/29/2012 06/29/12 For Sale $850,000 -- $173 / Sq Ft
Source: REALTOR® Association of Southern Minnesota

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
2026 $13,436 $1,403,600 $547,700 $855,900
2025 $13,436 $1,356,800 $543,600 $813,200
2024 $13,074 $1,201,100 $543,600 $657,500
2023 $13,568 $1,138,000 $511,100 $626,900
2022 $10,522 $1,199,800 $472,600 $727,200
2021 $10,374 $886,500 $281,000 $605,500
2020 $10,966 $865,100 $259,000 $606,100
2019 $10,400 $869,300 $271,400 $597,900
2018 $12,246 $0 $0 $0
2016 $12,246 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2012

    Richard Ketterling

    RE/MAX

  • G

    Seller Co-Listing Agent in 2012

    Gail Strom

    RE/MAX

  • E

    Buyer's Agent in 2012

    Elizabeth Steffes

    Better Homes and Gardens Real Estate All Seasons

See All Agents

Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 4336678

REALTOR® Association of Southern Minnesota

APN: 4-928-002-4

Minnesota Scott County Prior Lake 55372

20575 Vernon Ave, Prior Lake, MN

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