$451,000
SOLD AUG 9, 2024

2980 Washta Bay Ct Excelsior, MN 55331

0.77 Acre
$585,714 Price per Acre
33,541 Sq Ft Lot

Recently Sold

27 Days on Market

Highlights

  • Deeded Waterfront Access Rights
  • Home fronts a pond
  • Cul-De-Sac
  • Minnewashta Elementary School Rated A
  • Lake View
  • Shared Waterfront

About This Lot

As of August 2024

Rarely available lake Minnewashta access lot in the sought-after Minnetonka Schools, offering a rare opportunity to build your dream home. This prime property is .77-acre and features a private trail leading to a shared beach and your own covered slip on the stunning Lake Minnewashta. Enjoy the best of lakeside living with direct access to water activities, serene views, and a vibrant community. Don't miss out on this unique chance to create your perfect retreat on one of the last remaining buildable lots.

Yearly association includes the following amenities- maintenance of the private sandy beach area, dock, covered slip, and lift.

Last Agent to Sell the Property

Isaac Johnson

Keller Williams Realty Integrity Lakes Listed on: 06/29/2024

Keller Williams Realty Integrity Lakes

Last Buyer's Agent

Michael Moore

RE/MAX Advantage Plus

RE/MAX Advantage Plus

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $3,182

Lot Details

  • Lot Dimensions are 114x216x214x137
  • Home fronts a pond
  • Cul-De-Sac
  • Street terminates at a dead end
  • Partially Fenced Property
  • Irregular Lot
  • Finished Lot(s)

HOA Fees

  • $344 Monthly HOA Fees

Property Views

  • Lake Views

Listing and Financial Details

  • Assessor Parcel Number 25139009

Community Details

Overview

  • Association fees include beach access, dock, shared amenities
  • Association Phone (612) 280-9991
  • Sterling Shores Community
  • Boyer Lake Minnewashta Adn Cic76 Subdivision

Recreation

  • Deeded Waterfront Access Rights
  • Shared Waterfront

Property Details

Property Type

Land

Est. Annual Taxes

$3,182

Lot Details

0

HOA Fees

$344 per month

Listing Details

  • Type: Land
  • Fee Frequency: Annually
  • Development Status: Finished Lot(s)
  • Water Body Name: Minnewashta
  • FractionalOwnershipYN: No
  • Rental License?: No
  • BuilderRestrict: Open
  • Improvements: Curbs,Paved Streets,Storm Sewer
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Inclusions: For Sale Sign,Platted,Survey,Torrens

Exterior Features

  • Fencing: Partial, Split Rail
  • View: South
  • Lake Acres: 679
  • Lake Bottom: Reeds,Sand,Soft
  • LakeChain: N
  • Elevation Highpoint to Waterfront Feet: 4-10
  • Farm Type: None

Utilities

  • Utilities: None Connected, Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Storm Sewer Available, Phone Available, Water Available

Condo/Co-op/Association

  • HOA Fee Includes: Beach Access, Dock, Other, Shared Amenities
  • Phone: 612-280-9991
  • Association Fee: 4122
  • Association: Yes
  • Community Name: Sterling Shores

Association/Amenities

  • HOA Management Co: Self Managed

Schools

  • Junior High Dist: Minnetonka
  • SchoolDistrictNumber: 276
  • SchoolDistrictPhone: 952-401-5000

Lot Info

  • Topography: Level,Sloped,Walkout
  • Waterfront YN: No
  • Lot Size: 114x216x214x137
  • Land Lease: No
  • Lot Features: Public Transit (w/in 6 blks), Irregular Lot, Tree Coverage - Heavy, Tree Coverage - Medium
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Crop Type: None

Tax Info

  • Tax Year: 2024
  • Assessor Parcel Number: 25139009
  • Tax Annual Amount: 3182
  • TaxWithAssessments: 3182.0000
  • TaxableAcres: 0.770

Multi Family

  • WaterfrontFeatures: Association Access, Deeded Access, Dock, Lake View, Pond, Shared

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 29, 2024
Closed on
Aug 9, 2024
Sold by
Pomplun Jacob and Olson Erin
Bought by
Peterson Jason and Peterson Karen
Seller's Agent
Isaac Johnson
Keller Williams Realty Integrity Lakes
Buyer's Agent
Michael Moore
RE/MAX Advantage Plus
List Price
$450,000
Sold Price
$451,000
Premium/Discount to List
$1,000
0.22%
Views
17
Current Estimated Value
$444,485

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$6,515
Avg. Annual Appreciation
-16.11%
Original Mortgage
$1,050,000
Outstanding Balance
$533,312
Interest Rate
6.35%
Mortgage Type
Construction
Estimated Equity
-$153,645

Purchase Details

Listed on
Jun 29, 2024
Closed on
Aug 5, 2024
Sold by
Pomplun Jacob and Olson Erin
Bought by
Peterson Jason and Peterson Karen
Seller's Agent
Isaac Johnson
Keller Williams Realty Integrity Lakes
Buyer's Agent
Michael Moore
RE/MAX Advantage Plus
List Price
$450,000
Sold Price
$451,000
Premium/Discount to List
$1,000
0.22%
Views
17

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,050,000
Outstanding Balance
$533,312
Interest Rate
6.35%
Mortgage Type
Construction
Estimated Equity
-$153,645

Purchase Details

Closed on
Aug 6, 2020
Sold by
Boyer Peter J and The Peter J Boyer Revocable Tr
Bought by
Pomlun Jacob and Olson Erin

Purchase Details

Closed on
Jul 18, 2014
Sold by
Boyer Peter J and Boyer Corlea R
Bought by
Peter J Boyer Revocable Trust
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 Type Sale Price Title Company
Deed $225,500 --
Warranty Deed $225,500 Trademark Title
Trustee Deed $265,000 Custom Home Builders Ttl Llc
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,050,000 Construction
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/09/2024 08/09/24 Sold $451,000 +0.2% --
07/26/2024 07/26/24 Pending -- -- --
06/29/2024 06/29/24 For Sale $450,000 -- --
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
2025 $3,312 $614,000 $277,500 $336,500
2024 $3,182 $262,500 $262,500 $0
2023 $3,104 $262,500 $262,500 $0
2022 $2,900 $258,000 $258,000 $0
2021 $2,234 $163,800 $163,800 $0
2020 $2,272 $163,800 $163,800 $0
2019 $2,198 $156,000 $156,000 $0
2018 $2,030 $156,000 $156,000 $0
2017 $2,072 $141,800 $141,800 $0
2016 $2,158 $146,900 $0 $0
2015 $1,968 $141,100 $0 $0
2014 $1,968 $124,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6560158

NorthstarMLS

APN: 25.1390090