Seller's Agent in 2025
Cheri Welle
Keller Williams Premier Realty Lake Minnetonka
(763) 742-3401
2 in this area
138 Total Sales
5
Beds
2
Baths
2,426
Sq Ft
0.44
Acres
Highlights
- 57 Feet of Waterfront
- Beach Access
- Side Porch
- Shirley Hills Primary School Rated A
- No HOA
- Entrance Foyer
About This Home
As of July 2025Nestled along 57 feet of shoreline on a private protected channel on Halstad Bay, this 5-bedroom, 2-bathroom home offers a rare chance to own on Lake Minnetonka at an incredible value. Built in 1964 and spanning 2,426 finished square feet, this property is perfect for an investor looking to build equity or a buyer eager to create their dream home on the water.While the home is in need of some TLC, the potential is undeniable. Enjoy stunning lake views, peaceful surroundings, and endless possibilities for renovation or new construction. Whether you choose to update the existing home or start fresh, this is a fantastic opportunity to secure lakeshore living in Mound
Last Agent to Sell the Property
Keller Williams Premier Realty Lake Minnetonka Listed on: 04/01/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $7,976
Year Built
- Built in 1964
Lot Details
- 0.44 Acre Lot
- Lot Dimensions are 57x172x124x90x107x109
- 57 Feet of Waterfront
- Lake Front
- Chain Link Fence
Parking
- 2 Car Garage
Interior Spaces
- 2,426 Sq Ft Home
- 2-Story Property
- Brick Fireplace
- Entrance Foyer
- Family Room
- Living Room with Fireplace
- Basement
Kitchen
- Cooktop
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- 5 Bedrooms
Laundry
- Dryer
- Washer
Outdoor Features
- Beach Access
- Side Porch
Utilities
- Baseboard Heating
- Boiler Heating System
Community Details
- No Home Owners Association
- Halstead Acres 2Nd Add Subdivision
Listing and Financial Details
- Assessor Parcel Number 2311724330014
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 1, 2025
Closed on
Jul 10, 2025
Sold by
Trust Agreement Of Richard And Janice Kr and Krahn Laurel A
Bought by
Johnson Luke and Johnson Randine
Seller's Agent
Cheri Welle
Keller Williams Premier Realty Lake Minnetonka
Buyer's Agent
Joel Oakland
NOW Realty
List Price
$849,900
Sold Price
$675,000
Premium/Discount to List
-$174,900
-20.58%
Views
126
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
56.99%
Original Mortgage
$540,000
Outstanding Balance
$540,000
Interest Rate
6.85%
Mortgage Type
New Conventional
Estimated Equity
$195,395
Purchase Details
Closed on
Oct 31, 2014
Sold by
Krahn Richard A and Krahn Janice F
Bought by
Krahn Richard A and Krahn Janice F
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $675,000 | Great North Title | |
| Interfamily Deed Transfer | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $540,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/14/2025 07/14/25 | Sold | $675,000 | 0.0% | $278 / Sq Ft |
| 07/02/2025 07/02/25 | Pending | -- | -- | -- |
| 06/25/2025 06/25/25 | Off Market | $675,000 | -- | -- |
| 06/04/2025 06/04/25 | Price Changed | $749,900 | -6.3% | $309 / Sq Ft |
| 04/24/2025 04/24/25 | Price Changed | $799,900 | -5.9% | $330 / Sq Ft |
| 04/01/2025 04/01/25 | For Sale | $849,900 | -- | $350 / 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 | $7,976 | $716,600 | $482,900 | $233,700 |
| 2022 | $5,845 | $639,000 | $445,000 | $194,000 |
| 2021 | $5,384 | $498,000 | $335,000 | $163,000 |
| 2020 | $5,133 | $457,000 | $298,000 | $159,000 |
| 2019 | $5,253 | $406,000 | $259,000 | $147,000 |
| 2018 | $4,997 | $410,000 | $259,000 | $151,000 |
| 2017 | $4,959 | $363,000 | $225,000 | $138,000 |
| 2016 | $4,775 | $339,000 | $215,000 | $124,000 |
| 2015 | $5,175 | $362,000 | $225,000 | $137,000 |
| 2014 | -- | $340,000 | $219,000 | $121,000 |
Source: Public Records
Agents Affiliated with this Home
-
Cheri Welle
-
Jordyn Welle
J
Seller Co-Listing Agent in 2025
Jordyn Welle
Keller Williams Premier Realty Lake Minnetonka
(763) 367-0758
1 in this area
14 Total Sales
-
Joel Oakland
Buyer's Agent in 2025
Joel Oakland
NOW Realty
(763) 657-0198
1 in this area
43 Total Sales
Map
Source: NorthstarMLS
MLS Number: 6688041
APN: 23-117-24-33-0014
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