NOT LISTED FOR SALE

Estimated Value: $515,000 - $622,035

6 Beds
3 Baths
2,725 Sq Ft
$215/Sq Ft Est. Value

Last Sold March 28, 2024

Last sale price $580,000 $213 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $3,734/month

25 Days on Market

Highlights

  • Deck
  • Corner Lot
  • Baseboard Heating
  • Hopkins Senior High School Rated A-
  • Forced Air Heating System

About This Home

As of March 2024

Extremely rare Minnetonka triplex. Couldn't get any closer to the bike trail and the creek is just across the street. So are Peoples Organic and Dairy Queen. Where the building sits on the 1/2 acre lot means it's really quiet. Rent growth opportunity, and the perfect candidate for a house hack. This one will sell fast.

Last Agent to Sell the Property

Kari Lundin

Keller Williams Realty Integrity Listed on: 02/15/2024

Keller Williams Realty Integrity

Last Buyer's Agent

Andrew Barber

Keller Williams Premier Realty Lake Minnetonka

Keller Williams Premier Realty Lake Minnetonka

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,014

Year Built

  • Built in 1939

Lot Details

  • Lot Dimensions are 113x166x183x176
  • Chain Link Fence
  • Corner Lot

Parking

  • 2 Car Garage
  • Tuck Under Garage
  • Garage Door Opener

Home Design

  • Triplex

Interior Spaces

  • 2-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Partially Finished Basement

  • Walk-Out Basement
  • Partial Basement
  • Basement Storage

Outdoor Features

  • Deck

Utilities

  • Forced Air Heating System
  • Baseboard Heating
  • 100 Amp Service

Community Details

  • 3 Units
  • Auditors Sub 353 Subdivision

Listing and Financial Details

  • Tenant pays for cable TV, electricity, fuel
  • The owner pays for insurance, grounds care, repairs, snow removal, taxes, water
  • Assessor Parcel Number 1511722410053

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,014

Year Built

Built in 1939

Lot Details

0

Parking

2

Listing Details

  • Type: Residential Income
  • Property Subtype 1: Triplex
  • Garage Spaces: 2
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Association Amenities: Deck
  • Year Built: 1939
  • Above Grade Finished Sq Ft: 2500
  • Water Sewer Expenses: 1152
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Partial, Partially Finished, Storage Space, Walkout
  • Living Area: 2725
  • Below Grade Finished Sq Ft: 225
  • Owner Pays: Insurance, Grounds Care, Repairs, Snow Removal, Taxes, Water
  • Basement YN: Yes
  • Total Rooms: 5
  • Total Rooms: 5
  • Amenities: Deck,Tile Floors
  • Appliances: Dishwasher,Dryer,Range
  • Number Of Fireplaces: 1
  • Total Rooms: 5

Beds/Baths

  • Total Bedrooms: 6

Exterior Features

  • Roof: Asphalt
  • Fencing: Chain Link
  • PatioPorchType: Deck

Garage/Parking

  • Parking Features: Asphalt, Garage Door Opener, Tuckunder Garage
  • Garage Square Feet: 546

Utilities

  • Heating: Baseboard, Forced Air
  • Sewer: City Sewer/Connected
  • Electric: Circuit Breakers, 100 Amp Service
  • Fuel: Electric,Natural Gas
  • Number of Ranges: Three

Schools

  • Junior High Dist: Hopkins
  • SchoolDistrictNumber: 270
  • SchoolDistrictPhone: 952-988-4000

Lot Info

  • Lot Size: 113x166x183x176
  • Land Lease: No
  • Lot Features: Corner Lot
  • Additional Parcels: No
  • Zoning Description: Residential-Multi-Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: Unknown
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Brick/Stone, Vinyl Siding, Wood Siding
  • Units Total: 3

Rental Info

  • Expenses: 4596.0000

Tax Info

  • Tax Year: 2023
  • Assessor Parcel Number: 1511722410053
  • Tax Annual Amount: 6014
  • TaxWithAssessments: 6014.0000

Multi Family

  • TenantPays: Cable TV, Electricity, Fuel
  • Number Of Refrigerators: Three

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 15, 2024
Closed on
Mar 28, 2024
Sold by
Banks Derrick and Dalager Emily
Bought by
Peterson Bjorn
Seller's Agent
Kari Lundin
Keller Williams Realty Integrity
Buyer's Agent
Andrew Barber
Keller Williams Premier Realty Lake Minnetonka
List Price
$600,000
Sold Price
$580,000
Premium/Discount to List
-$20,000
-3.33%
Views
1748
Current Estimated Value
$585,759

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,759
Avg. Annual Appreciation
2.35%

Purchase Details

Closed on
Dec 22, 2020
Sold by
Banks Derrick B
Bought by
Banks Derrick B and Dalager Emily Caroline

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 18, 2016
Sold by
Putnam Janet K
Bought by
Banks Derrick B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$282,966
Interest Rate
3.68%
Mortgage Type
FHA
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 Buyer Sale Price Title Company
Peterson Bjorn $580,000 --
Banks Derrick B -- Servicelink
Banks Derrick B $309,000 Stewart Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Banks Derrick B $350,000
Previous Owner Banks Derrick B $282,966
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/28/2024 03/28/24 Sold $580,000 -3.3% $213 / Sq Ft
03/19/2024 03/19/24 Pending -- -- --
02/23/2024 02/23/24 For Sale $600,000 -- $220 / 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 $6,589 $456,800 $196,300 $260,500
2022 $5,776 $422,100 $196,300 $225,800
2021 $5,484 $375,700 $147,400 $228,300
2020 $5,502 $361,300 $147,400 $213,900
2019 $5,194 $344,100 $147,400 $196,700
2018 $4,931 $327,500 $147,400 $180,100
2017 $3,588 $273,000 $120,000 $153,000
2016 $4,583 $267,700 $120,000 $147,700
2015 $4,608 $262,500 $120,000 $142,500
2014 -- $256,100 $120,000 $136,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6485818

NorthstarMLS

APN: 15-117-22-41-0053