NOT LISTED FOR SALE

3480 Lythrum Way Mound, MN 55364

Estimated Value: $2,337,000 - $2,551,000

5 Beds
4.5 Baths
5,097 Sq Ft
$477/Sq Ft Est. Value

Last Sold May 15, 2023

Last sale price $2,250,000 $441 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $14,752/month

31 Days on Market

Highlights

  • 147 Feet of Waterfront
  • Beach Access
  • Cul-De-Sac
  • Shirley Hills Primary School Rated A
  • No HOA
  • 3 Car Attached Garage

About This Home

As of May 2023

Move-in ready and turnkey lake home boasting nearly 150 feet of shoreline and an expansive covered dock that accommodates a 40' boat AND 2 jet skis. This gently sloped waterfront lot provides both lake level views from the dock and a bird's eye view from the Adirondack chairs on the upper terrace. The deck features both a firepit and a sauna. Inside you'll find owner accommodations on the upper floor (3 BR/2 BA) with an expansive private master suite. The guest accommodations on the lower floor offer 2 bedrooms, 2 baths, a media room, and a wet bar. The main level features soaring vaulted ceilings and several options for dining and relaxing including an eat-in kitchen, dining, and sunroom. Only a relocation makes this gem available. Schedule your showing today and get to enjoy this summer on Lake Minnetonka!

Last Agent to Sell the Property

Moe Mossa

Savvy Avenue, LLC Listed on: 04/06/2023

Last Buyer's Agent

Drew Hueler

Coldwell Banker Realty

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $18,788

Year Built

  • Built in 1985

Lot Details

  • 0.4 Acre Lot
  • Lot Dimensions are 118x147
  • 147 Feet of Waterfront
  • Lake Front
  • Cul-De-Sac
  • Street terminates at a dead end
  • Irregular Lot

Parking

  • 3 Car Attached Garage
  • Insulated Garage
  • Garage Door Opener

Home Design

  • Pitched Roof
  • Shake Siding

Interior Spaces

  • 2-Story Property
  • Family Room with Fireplace
  • Living Room

Bedrooms and Bathrooms

  • 5 Bedrooms

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Drain
  • Crawl Space
  • Natural lighting in basement

Outdoor Features

  • Beach Access

Utilities

  • Forced Air Heating and Cooling System
  • Underground Utilities
  • 200+ Amp Service
  • Well
  • Drilled Well

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 2611724210005

Home Details

Home Type

Single Family

Est. Annual Taxes

$18,788

Year Built

Built in 1985

Lot Details

0

Parking

3

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: Central Air
  • Garage Spaces: 3
  • Accessibility Features: None
  • Fireplaces: 1
  • Water Source: Drilled, Well
  • Year Built: 1985
  • Above Grade Finished Sq Ft: 3532
  • Water Body Name: Minnetonka
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Crawl Space, Daylight/Lookout Windows, Drain Tiled, Finished, Full, Walkout
  • Fireplace Features: Family Room
  • Living Area: 5097
  • Fireplace: Yes
  • Below Grade Finished Sq Ft: 1565
  • Basement YN: Yes
  • Dining Room Type: Living Room, Dining Room, Family Room, Kitchen, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
  • SqFtTotal: 5097.00

Beds/Baths

  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Three Quarter Bathrooms: 1

Exterior Features

  • Roof: Age Over 8 Years, Asphalt, Pitched
  • PoolFeatures: None
  • View: Lake, Panoramic
  • Other Structures: Storage Shed
  • Lake Acres: 14205
  • LakeChain: N
  • Elevation Highpoint to Waterfront Feet: 4-10
  • Waterfront Frontage: 147

Garage/Parking

  • Parking Features: Attached Garage, Concrete, Garage Door Opener, Insulated Garage
  • Garage Square Feet: 2160

Utilities

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

Condo/Co-op/Association

  • Association: No
  • Amenities Unit: Balcony,Ceiling Fan(s),Deck,Dock,French Doors,Hardwood Floors,Kitchen Center Island,Primary Bedroom Walk-In Closet,Panoramic View,Sauna,Security System,In-Ground Sprinkler,Sun Room,Tile Floors,Vaulted Ceiling(s),Wet Bar,Walk-In Closet

Schools

  • Junior High Dist: Westonka
  • SchoolDistrictNumber: 277
  • SchoolDistrictPhone: 952-491-8001

Lot Info

  • Waterfront YN: Yes
  • PropertyAttachedYN: No
  • Lot Size: 118x147
  • Lot Size Sq Ft: 17424
  • Land Lease: No
  • Lot Features: Accessible Shoreline, Irregular Lot, Tree Coverage - Medium, Underground Utilities
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Shake Siding, Wood Siding

Tax Info

  • Tax Year: 2023
  • Assessor Parcel Number: 2611724210005
  • Tax Annual Amount: 18788
  • TaxWithAssessments: 18788.0000

Multi Family

  • WaterfrontFeatures: Lake Front

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 6, 2023
Closed on
May 15, 2023
Sold by
Martin John and Martin Angela
Bought by
Kruesel Jeff and Kruesel Sheila
Seller's Agent
Moe Mossa
Savvy Avenue, LLC
Buyer's Agent
Drew Hueler
Coldwell Banker Realty
List Price
$2,400,000
Sold Price
$2,250,000
Premium/Discount to List
-$150,000
-6.25%
Views
16
Current Estimated Value
$2,431,506

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$181,506
Avg. Annual Appreciation
1.95%
Original Mortgage
$1,575,000
Outstanding Balance
$1,539,511
Interest Rate
6.39%
Mortgage Type
New Conventional
Estimated Equity
$814,776

Purchase Details

Listed on
Apr 6, 2023
Closed on
May 10, 2023
Sold by
Martin John and Martin Angela
Bought by
Kruesel Jeff Gary and Kruesel Sheila Marie
Seller's Agent
Moe Mossa
Savvy Avenue, LLC
Buyer's Agent
Drew Hueler
Coldwell Banker Realty
List Price
$2,400,000
Sold Price
$2,250,000
Premium/Discount to List
-$150,000
-6.25%
Views
16

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,575,000
Outstanding Balance
$1,539,511
Interest Rate
6.39%
Mortgage Type
New Conventional
Estimated Equity
$814,776

Purchase Details

Closed on
Sep 7, 2021
Sold by
Elkin James R and Elkin Sandra S
Bought by
Martin Angela and Martin John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,504,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 19, 2013
Sold by
Campbell Russel R and Campbell Stephanie A
Bought by
Elkin James R and Elkin Sandra S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
3.5%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Feb 25, 2004
Sold by
Dahlke David W and Dahlke Nicole M
Bought by
Campbell Russel R and Campbell Stephanie A
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
Kruesel Jeff $2,250,000 --
Kruesel Jeff Gary $2,250,000 Burnet Title
Martin Angela $1,880,000 Executive Title Services
Elkin James R $1,140,441 Stewart Title Of Minnesota
Campbell Russel R $1,260,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kruesel Jeff Gary $1,575,000
Previous Owner Martin Angela $1,504,000
Previous Owner Elkin James R $100,000
Previous Owner Elkin James R $280,000
Previous Owner Elkin James R $100,000
Previous Owner Elkin James R $200,000
Previous Owner Elkin James R $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/15/2023 05/15/23 Sold $2,250,000 -4.3% $441 / Sq Ft
05/09/2023 05/09/23 Pending -- -- --
04/24/2023 04/24/23 Price Changed $2,350,000 -2.1% $461 / Sq Ft
04/07/2023 04/07/23 For Sale $2,400,000 -- $471 / 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 $22,937 $2,191,900 $1,255,800 $936,100
2022 $14,711 $1,920,000 $1,142,000 $778,000
2021 $14,075 $1,309,000 $725,000 $584,000
2020 $15,068 $1,241,000 $667,000 $574,000
2019 $14,525 $1,239,000 $667,000 $572,000
2018 $14,564 $1,187,000 $636,000 $551,000
2017 $15,426 $1,183,000 $596,000 $587,000
2016 $15,082 $1,139,000 $596,000 $543,000
2015 $15,936 $1,180,000 $625,000 $555,000
2014 -- $1,045,000 $545,000 $500,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6352208

NorthstarMLS

APN: 26-117-24-21-0005