NOT LISTED FOR SALE

3131 3131 Lafayette Ridge Rd Minnetonka Beach, MN 55391

Estimated Value: $1,318,000 - $1,559,775

4 Beds
4 Baths
2,538 Sq Ft
$562/Sq Ft Est. Value

About This Home

This home is located at 3131 3131 Lafayette Ridge Rd, Minnetonka Beach, MN 55391 and is currently estimated at $1,426,694, approximately $562 per square foot. 3131 3131 Lafayette Ridge Rd is a home located in Hennepin County with nearby schools including Schumann Elementary School, Orono Intermediate Elementary School, and Orono Middle School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 29, 2023
Sold by
Sylvester Mark and Sylvester Jessica
Bought by
Drake Alexander
Current Estimated Value
$1,426,694

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$726,200
Outstanding Balance
$711,839
Interest Rate
7.09%
Mortgage Type
New Conventional
Estimated Equity
$714,855

Purchase Details

Closed on
Sep 22, 2023
Sold by
Sylvester Mark Edward and Sylvester Jessica Lee
Bought by
Drake Alexander H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$726,200
Outstanding Balance
$711,839
Interest Rate
7.09%
Mortgage Type
New Conventional
Estimated Equity
$714,855

Purchase Details

Closed on
Jul 15, 2015
Sold by
Pacioni Kathryn Ehrmann
Bought by
Sylvester Mark Edward and Sylvester Jessica Lee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$262,500
Interest Rate
4.02%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Sep 15, 2000
Sold by
Baldry Kurt R and Baldry Vicki L
Bought by
Ehrmann Kathryn D
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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Average Value
Not Available
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
Drake Alexander $1,188,000 --
Drake Alexander H $1,188,000 Executive Title Services
Sylvester Mark Edward $755,000 Edina Realty Title Inc
Ehrmann Kathryn D $385,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Drake Alexander $726,200
Closed Drake Alexander H $726,200
Previous Owner Sylvester Mark Edward $262,500
Previous Owner Sylvester Mark Edward $417,000
Source: Public Records

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
2024 $13,303 $1,152,500 $635,300 $517,200
2023 $13,688 $1,226,600 $710,900 $515,700
2022 $9,530 $1,130,000 $646,000 $484,000
2021 $9,610 $779,000 $368,000 $411,000
2020 $9,153 $787,000 $383,000 $404,000
2019 $8,853 $716,000 $348,000 $368,000
2018 $9,215 $683,000 $321,000 $362,000
2017 $9,414 $698,000 $357,000 $341,000
2016 $9,290 $688,000 $357,000 $331,000
2015 $8,933 $667,000 $340,000 $327,000
2014 -- $524,000 $205,000 $319,000
Source: Public Records

Map

Minnesota Hennepin County Minnetonka Beach 55391

3131 3131 Lafayette Ridge Rd, Minnetonka Beach, MN

This home is located at 3131 3131 Lafayette Ridge Rd, Minnetonka Beach, MN 55391 and is currently estimated at $1,426,694, approximately $562 per square foot. 3131 3131 Lafayette Ridge Rd is a home located in Hennepin County with nearby schools including Schumann Elementary School, Orono Intermediate Elementary School, and Orono Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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