Seller's Agent in 2023
Jesse Swanson
Compass
(612) 840-0444
7 in this area
38 Total Sales
246 Peninsula Rd Minneapolis, MN 55441
Estimated Value: $1,447,000 - $1,620,000
2
Beds
3.5
Baths
2,856
Sq Ft
$547/Sq Ft
Est. Value
Highlights
- 55 Feet of Waterfront
- Beach Access
- Deck
- Sunset Hill Elementary School Rated A
- Lake View
- Hearth Room
About This Home
As of February 2023Rare opportunity to own a home on the peninsula in highly sought after city of Medicine lake. This home's main floor remodel won the 2015 Remodelers showcase award. All new windows and roof were part of the remodel. The spacious main floor offers unobstructed views of the lake, beautiful open concept living with 2 story vaulted ceilings, large cozy living rm, informal dining, large kitchen with custom cabinets and huge island. The sun room off the kitchen is perfect for morning coffee or an evening sunset. The primary ensuite bdrm with custom walk in closet, beautiful bathroom with heated floors and adjoining laundry room round out the main floor. The upper level is very large with great light, perfect space for kids or craft room and also includes guest bdrm with ensuite. Lower level walkout basement with great views of the lake has large family room and additional sitting area with fireplace, bath and bdrm (bdrm non conforming due to no closet). Dock and Lift included W/FPO
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $13,621
Year Built
- Built in 1988
Lot Details
- 0.32 Acre Lot
- 55 Feet of Waterfront
- Lake Front
- Irregular Lot
Parking
- 2 Car Attached Garage
Home Design
- Flex
- Shake Siding
Interior Spaces
- 2-Story Property
- 2 Fireplaces
- Family Room
- Living Room
- Dining Room
- Den
- Loft
- Lake Views
- Finished Basement
- Walk-Out Basement
Kitchen
- Hearth Room
- Range
- Microwave
- Dishwasher
- Stainless Steel Appliances
- Disposal
Bedrooms and Bathrooms
- 2 Bedrooms
Eco-Friendly Details
- Air Exchanger
Outdoor Features
- Beach Access
- Deck
Utilities
- Forced Air Heating and Cooling System
- Humidifier
- Baseboard Heating
- Private Water Source
- Well
Community Details
- No Home Owners Association
- Medicine Lake Park 1St Div Subdivision
Listing and Financial Details
- Assessor Parcel Number 2611822140012
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 5, 2023
Closed on
Feb 10, 2023
Sold by
Meyer Curtis A and Meyer Joyce A
Bought by
Duval Marcus and Desutter Lindsey
Seller's Agent
Jesse Swanson
Compass
Buyer's Agent
John Adams
Compass
List Price
$1,400,000
Sold Price
$1,400,000
Views
38
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
$162,894
Avg. Annual Appreciation
1.56%
Original Mortgage
$1,000,000
Outstanding Balance
$973,025
Interest Rate
6.12%
Mortgage Type
Credit Line Revolving
Estimated Equity
$482,268
Purchase Details
Listed on
Dec 19, 2014
Closed on
Mar 20, 2015
Sold by
Raun Wendylee and Raun Risdon Andrea
Bought by
Meyer Joyce A and Meyer Curtis R
Seller's Agent
Stephanie Tensing
Edina Realty, Inc.
Buyer's Agent
Kevin Mullen
Lakes Sotheby's International
List Price
$650,000
Sold Price
$550,000
Premium/Discount to List
-$100,000
-15.38%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.61%
Original Mortgage
$495,000
Interest Rate
3.73%
Mortgage Type
New Conventional
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 |
|---|---|---|---|
| Duval Marcus | $1,400,000 | Dca Title | |
| Meyer Joyce A | $550,000 | Titlenexus Llc |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Duval Marcus | $1,000,000 | |
| Previous Owner | Meyer Joyce A | $648,000 | |
| Previous Owner | Meyer Joyce A | $162,000 | |
| Previous Owner | Meyer Joyce A | $495,000 | |
| Previous Owner | Raun John R | $150,000 | |
| Previous Owner | Raun John | $220,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/10/2023 02/10/23 | Sold | $1,400,000 | 0.0% | $490 / Sq Ft |
| 01/05/2023 01/05/23 | Pending | -- | -- | -- |
| 01/05/2023 01/05/23 | For Sale | $1,400,000 | +154.5% | $490 / Sq Ft |
| 03/31/2015 03/31/15 | Sold | $550,000 | -15.4% | $193 / Sq Ft |
| 02/27/2015 02/27/15 | Pending | -- | -- | -- |
| 12/19/2014 12/19/14 | For Sale | $650,000 | -- | $228 / Sq Ft |
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 | $18,335 | $1,345,600 | $665,000 | $680,600 |
| 2022 | $13,621 | $1,035,000 | $578,000 | $457,000 |
| 2021 | $13,234 | $864,000 | $480,000 | $384,000 |
| 2020 | $13,532 | $855,000 | $484,000 | $371,000 |
| 2019 | $12,426 | $839,000 | $484,000 | $355,000 |
| 2018 | $12,758 | $808,000 | $484,000 | $324,000 |
| 2017 | $10,174 | $706,000 | $484,000 | $222,000 |
| 2016 | $12,185 | $788,000 | $429,000 | $359,000 |
| 2015 | $11,986 | $796,000 | $440,000 | $356,000 |
| 2014 | -- | $721,000 | $385,000 | $336,000 |
Source: Public Records
Agents Affiliated with this Home
-
-
Seller Co-Listing Agent in 2023
Sarah Niewinski
Compass
(952) 380-8091
1 in this area
2 Total Sales
-
Buyer's Agent in 2023
John Adams
Compass
(612) 269-9438
1 in this area
123 Total Sales
-
S
Seller's Agent in 2015
Stephanie Tensing
Edina Realty, Inc.
-
K
Buyer's Agent in 2015
Kevin Mullen
Lakes Sotheby's International
Map
Source: NorthstarMLS
MLS Number: 6320353
APN: 26-118-22-14-0012
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