NOT LISTED FOR SALE

263 1/2 Peninsula Rd Minneapolis, MN 55441

Estimated Value: $1,393,000 - $1,878,000

7 Beds
4 Baths
1,971 Sq Ft
$791/Sq Ft Est. Value

Last Sold May 24, 2017

Last sale price $1,030,000 $523 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $10,215/month

19 Days on Market

Highlights

  • Boathouse
  • Lake Front
  • Dock Available
  • Sunset Hill Elementary School Rated A
  • Beach View
  • Spa

About This Home

As of May 2017

165 feet of So Facing Lakeshore minutes from DT Mpls! Located in the highly sought after "end of the Peninsula" neighborhood, this lovely home features a nature view to the "little peninsula". Many extras including 35x20 LL FR w/bamboo bar, kitchenette w/sink, fridge stove & FP, spa, exercise rm w/8 person hot tub, lakeside greenhouse & boat house, on shore electric boat rail system; 2500SF of outdoor decking; mature gardens; 2 docks. The street side of this home features direct access to park.

Last Listed By

Greg Lawrence

HomeAvenue Inc Listed on: 05/01/2017

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $14,950

Year Built

  • Built in 1975

Lot Details

  • 0.67 Acre Lot
  • Lot Dimensions are 60x255x165x290
  • Lake Front
  • Irregular Lot
  • Sprinkler System

Parking

  • 2 Car Attached Garage
  • Heated Garage
  • Garage Door Opener

Property Views

  • Beach
  • Bay

Home Design

  • Pitched Roof
  • Asphalt Shingled Roof
  • Stucco Exterior

Interior Spaces

  • 1-Story Property
  • Central Vacuum
  • Vaulted Ceiling
  • Ceiling Fan
  • Double Sided Fireplace
  • Wood Burning Fireplace
  • Family Room with Fireplace
  • 2 Fireplaces
  • Living Room with Fireplace
  • Home Gym
  • Wood Flooring
  • Walk-Out Basement
  • Home Security System

Kitchen

  • Built-In Oven
  • Cooktop
  • Microwave
  • Dishwasher
  • Trash Compactor
  • Disposal

Bedrooms and Bathrooms

  • 7 Bedrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Spa
  • Boathouse
  • Dock Available
  • Balcony
  • Deck
  • Patio
  • Storage Shed

Utilities

  • Forced Air Heating and Cooling System
  • Vented Exhaust Fan
  • Well
  • Water Softener is Owned
  • Multiple Phone Lines

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 2611822140051

Home Details

Home Type

Single Family

Est. Annual Taxes

$14,950

Year Built

Built in 1975

Lot Details

0

Parking

2

Listing Details

  • Type: Single Family
  • Property Subtype 1: (SF) Single Family
  • Cooling System: Central
  • Outside Features: Stucco
  • Garage Spaces: 2.00
  • Accessibility Features: None
  • Fireplaces: 2
  • Water Source: Other, Well
  • Fuel Type: Natural Gas
  • Year Built: 1975
  • Above Grade Finished Sq Ft: 1971.00
  • Above Grade Finished Area Search: 1971.00
  • Assessment Pending Y N: No
  • Below Grade Finished Sq Ft: 2704.00
  • Carport Y N: No
  • Floor Plan Type: Main Floor Bedroom
  • Foundation Area Units: Square Feet
  • Garage Area: 588.00
  • Garage Area Units: Square Feet
  • Internet Entire Listing Display: Yes
  • Lake Bottom Type: Sand
  • Lake Depth Feet: 49
  • List A O R Key Numeric: 8373
  • Listing Organization: Regional MLS of Minnesota
  • Living Area Finished: 4675.00
  • Living Area Finished Units: Square Feet
  • Parcel Numbers: 2611822140051
  • Property Out Building Type: Boat House, Other, Shed - Storage
  • Rental License: No
  • Stories Type: One
  • Water Body Name: Medicine
  • Waterfront Frontage: 165
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Basement: Finished (Livable), Walkout
  • Appliances: Central Vacuum, Cooktop, Dishwasher, Disposal, Dryer, Exhaust Fan/Hood, Furnace Humidifier, Microwave, Range, Refrigerator, Trash Compactor, Wall Oven, Washer, Water Softener - Owned
  • Fireplace Features: 2-Sided, Family Room, Living Room, Wood Burning
  • Dining Room Features: Separate/Formal Dining Room
  • Family Room Features: Family Room, Lower Level
  • Bathroom Type: 3/4 Master, Main Floor 3/4 Bath, Main Floor Full Bath, Private Master, Two Basement Baths
  • Fireplace: Yes
  • Stories: 1
  • Below Grade Finished Sq Ft: 2704.00

Beds/Baths

  • Full Bathrooms: 1
  • Total Bathrooms: 4
  • Total Bedrooms: 7
  • Three Quarter Bathrooms: 3

Exterior Features

  • Roof: Age Over 8 Years, Asphalt Shingles, Pitched
  • LakeAcres: 925.24000
  • Waterfront View: Bay, Lake, South
  • Fencing: None
  • Road Between Waterfront And Home: No

Garage/Parking

  • Parking Features: Attached Garage, Driveway - Asphalt, Garage Door Opener, Heated Garage
  • Parking Spaces: 4

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected

Association/Amenities

  • Association Fee Yn: No
  • Property Amenities: Balcony, Ceiling Fan(s), Deck, Dock, Exercise Room, Hardwood Floors, Hot Tub, In-Ground Sprinkler, Kitchen Window, Multiple Phone Lines, Patio, Security System, Sun Room, Vaulted Ceiling(s), Walk-In Closet, Washer/Dryer Hookup

Schools

  • School District: 284 - Wayzata
  • School District Phone: 763-745-5000

Lot Info

  • Zoning: Residential-Single Family
  • Construction: Previously Owned
  • Waterfront YN: Yes
  • PropertyAttachedYN: No
  • Out Building Count: 3
  • Assessment Pending: No
  • Lot Size: 60x255x165x290
  • Homestead: Yes
  • LandLeaseAmountFrequency: No
  • Lot Features: Irregular Lot, Tree Coverage - Medium
  • Lot Size Acres: 0.6700
  • Lot Size Area Units: Square Feet

Building Info

  • New Development: No

Tax Info

  • TaxLegalDescription: BLOCK 001 REPLAT MEDICINE LK PARK 1ST DIV-BLK 8 LOTS 12 AND 13
  • Tax Amount: 14950.00
  • Tax Year: 2017
  • Tax With Assessments: 14950.00
  • Assessor Parcel Number: 2611822140051

Multi Family

  • Above Grade Finished Sq Ft: Square Feet
  • WaterfrontFeatures: Lake Front, Dock

MLS Schools

  • School District Name: 284 - Wayzata

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 1, 2017
Closed on
May 24, 2017
Sold by
Larson Bruce W and Larson Susan J
Bought by
Zeng Weljie
Seller's Agent
Greg Lawrence
HomeAvenue Inc
List Price
$1,100,000
Sold Price
$1,030,000
Premium/Discount to List
-$70,000
-6.36%
Total Days on Market
19
Current Estimated Value
$1,559,489

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$529,489
Avg. Annual Appreciation
4.63%

Purchase Details

Closed on
Jan 2, 2013
Sold by
Larson Bruce W and Larson Susan J
Bought by
Larson Bruce W and Larson Susan J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$357,500
Interest Rate
2.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 29, 1996
Sold by
Schafer Pamela R
Bought by
Larson Bruce W

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
Zeng Weljie $1,061,212 Burnet Title
Zeng Weijie $1,030,000 Burnet Title
Larson Bruce W -- Performance Title Inc
Larson Bruce W $440,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Larson Bruce W $357,500
Previous Owner Larson Bruce M $350,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/24/2017 05/24/17 Sold $1,030,000 -6.4% $523 / Sq Ft
05/01/2017 05/01/17 For Sale $1,100,000 -- $558 / 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 $18,829 $1,379,500 $897,800 $481,700
2022 $17,050 $1,263,000 $780,000 $483,000
2021 $16,508 $1,059,000 $648,000 $411,000
2020 $17,203 $1,045,000 $648,000 $397,000
2019 $16,094 $1,043,000 $648,000 $395,000
2018 $16,346 $1,021,000 $644,000 $377,000
2017 $14,950 $996,000 $644,000 $352,000
2016 $14,204 $904,000 $574,000 $330,000
2015 $14,403 $939,000 $613,000 $326,000
2014 -- $881,000 $563,000 $318,000
Source: Public Records

Agents Affiliated with this Home

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Source: NorthstarMLS

MLS Number: NST4823448

NorthstarMLS

APN: 26-118-22-14-0051