NOT LISTED FOR SALE

Estimated Value: $2,148,000 - $2,519,000

5 Beds
3.5 Baths
4,932 Sq Ft
$471/Sq Ft Est. Value

Last Sold August 02, 2021

Last sale price $2,175,000 $441 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $15,205/month

12 Days on Market

Highlights

  • 825 Feet of Waterfront
  • 769,705 Sq Ft lot
  • No HOA
  • Schumann Elementary School Rated A-
  • Fireplace in Primary Bedroom
  • The kitchen features windows

About This Home

As of August 2021

Amazing opportunity to own acreage on Lake Independence with sweeping panoramic views and fully reconstructed two story home. Over 800 ft of lakeshore and high ground peninsula wrapping into the lake. Peninsula has endless possibilities such as boat house, patio, outdoor kitchen etc. The entire home was remodeled down to studs with an addition for larger expansive kitchen. Views from the open floorplan main level are unmatched. Gourmet kitchen w/ luxury appliances, ten foot island, honed carrara marble. Eat in kitchen nook and separate formal vaulted dining area. Four bedrooms upstairs with large master suite with spa-like bathroom soaking tub and marble tiled shower. Three bedrooms upstairs incl. master suite have gorgeous views. Lower level has rec room, exercise and 5th bedroom. Acreage has three electric fenced pastures, 80x150 indoor riding area, 11 stall barn, 5 paddocks with loafing sheds, detached garage. City sewer and Orono Schools! Opportunity for small subdivision.

Last Listed By

Rose Lorsung

Recreate Real Estate LLC Listed on: 05/18/2021

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,390

Year Built

  • Built in 1984

Lot Details

  • 17.67 Acre Lot
  • 825 Feet of Waterfront
  • Lake Front
  • Wood Fence
  • Few Trees

Parking

  • 4 Car Attached Garage

Interior Spaces

  • 2-Story Property
  • Family Room with Fireplace
  • 2 Fireplaces
  • Living Room
  • Finished Basement

Kitchen

  • Built-In Oven
  • Cooktop
  • Dishwasher
  • The kitchen features windows

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Fireplace in Primary Bedroom

Utilities

  • Forced Air Heating and Cooling System
  • Humidifier
  • 200+ Amp Service
  • Iron Water Filter
  • Water Filtration System
  • Well
  • Cable TV Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 1311824220004

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,390

Year Built

Built in 1984

Lot Details

0

Parking

4

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: Central Air
  • Garage Spaces: 4
  • Accessibility Features: None
  • Fireplaces: 2
  • Water Source: Well
  • Year Built: 1984
  • Above Grade Finished Sq Ft: 3750
  • Water Body Name: Independence
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • InternetOptions: Cable
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Basement: Finished
  • Appliances: Cooktop, Dishwasher, Exhaust Fan, Humidifier, Gas Water Heater, Water Filtration System, Water Osmosis System, Iron Filter, Range, Refrigerator, Wall Oven, Water Softener Owned
  • Fireplace Features: Family Room, Primary Bedroom
  • Living Area: 4932
  • Fireplace: Yes
  • Below Grade Finished Sq Ft: 1182
  • Basement YN: Yes
  • Dining Room Type: Living Room, Dining Room, Family Room, Kitchen, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
  • SqFtTotal: 5130.00
  • Shared Rooms: Amusement/Party Room,Other

Beds/Baths

  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Three Quarter Bathrooms: 1

Exterior Features

  • Roof: Asphalt
  • Fencing: Wood
  • View: East, Lake, Panoramic
  • Other Structures: Additional Garage, Barn(s), Indoor Arena, Lean-To, Loafing Shed, Stable(s), Tack Room
  • ConstructionMaterialsDesc: Block,Other
  • Lake Acres: 832
  • LakeChain: N
  • Elevation Highpoint to Waterfront Feet: 10-15
  • Waterfront Frontage: 825
  • Farm Type: Hobby,Horse

Garage/Parking

  • Parking Features: Attached Garage, Detached
  • Garage Square Feet: 600
  • ParkingOpen: 2

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • Electric: 200+ Amp Service
  • Fuel: Natural Gas

Condo/Co-op/Association

  • Association: No
  • Amenities Unit: Deck,Dock,Exercise Room,Hardwood Floors,Kitchen Center Island,Kitchen Window,Primary Bedroom Walk-In Closet,Natural Woodwork,Paneled Doors,Panoramic View,Security System,Skylight,Vaulted Ceiling(s),Walk-In Closet

Schools

  • Junior High Dist: Orono
  • SchoolDistrictNumber: 278
  • SchoolDistrictPhone: 952-449-8305

Lot Info

  • Topography: Rolling
  • Waterfront YN: Yes
  • PropertyAttachedYN: No
  • Lot Size: IRREGULAR
  • Lot Size Sq Ft: 769705.2
  • Land Lease: No
  • Lot Features: Tree Coverage - Light
  • PastureArea: 5
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Brick/Stone, Fiber Cement

Tax Info

  • Tax Year: 2021
  • Assessor Parcel Number: 1311824220004
  • Tax Annual Amount: 13390
  • TaxWithAssessments: 13390.0800

Multi Family

  • WaterfrontFeatures: Lake Front

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 18, 2021
Closed on
Jul 28, 2021
Sold by
Fischer Sharyl L and Fischer Mark D
Bought by
Kracht Daryl L and Kracht Tara
Seller's Agent
Rose Lorsung
Recreate Real Estate LLC
Buyer's Agent
Gregg Larsen
Coldwell Banker Realty
List Price
$2,299,000
Sold Price
$2,175,000
Premium/Discount to List
-$124,000
-5.39%
Total Days on Market
12
Current Estimated Value
$2,324,389

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$149,389
Avg. Annual Appreciation
1.92%
Original Mortgage
$1,631,250
Outstanding Balance
$1,507,448
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$828,423

Purchase Details

Closed on
Dec 15, 1999
Sold by
Admonius Timothy J
Bought by
Fischer Mark D and Fischer Sharyl L

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
Kracht Daryl L $2,175,000 None Available
Fischer Mark D $925,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kracht Daryl L $1,631,250
Previous Owner Fischer Sharyl L $1,200,000
Previous Owner Fischer Sharyl L $30,000
Previous Owner Fischer Sharyl L $770,000
Previous Owner Fischer Mark D $387,000
Previous Owner Fischer Mark D $25,000
Previous Owner Fischer Mark D $805,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/02/2021 08/02/21 Sold $2,175,000 -5.4% $441 / Sq Ft
06/17/2021 06/17/21 Pending -- -- --
06/04/2021 06/04/21 For Sale $2,299,000 -- $466 / 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 $27,075 $2,141,100 $700,000 $1,441,100
2022 $13,438 $1,648,000 $455,000 $1,193,000
2021 $13,390 $956,000 $377,000 $579,000
2020 $13,512 $879,000 $345,000 $534,000
2019 $13,385 $842,300 $325,000 $517,300
2018 $13,171 $809,000 $300,000 $509,000
2017 $12,140 $741,000 $319,000 $422,000
2016 $11,517 $722,000 $319,000 $403,000
2015 $11,837 $747,000 $319,000 $428,000
2014 -- $669,300 $266,300 $403,000
Source: Public Records

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Source: NorthstarMLS

MLS Number: 5759653

NorthstarMLS

APN: 13-118-24-22-0004