3
Beds
2
Baths
1,500
Sq Ft
0.49
Acres
Highlights
- Lake Front
- Beach Access
- Fireplace in Primary Bedroom
- Shirley Hills Primary School Rated A
- 21,344 Sq Ft lot
- No HOA
About This Home
As of April 2025Serenity and value on 205 feet of beautiful lake shore. A half-acre of privacy and peacefulness. Been inspected and all items fixed. Perfect for a small family or that ever dreamed about “cabin.” Just 20 minutes from Minneapolis, but you would swear you were way up “north”. With 3 bedrooms, 2 baths and a huge 2+ car garage it will surpass your lakeshore dreams. Situated at the end of a short street with 180 degree S E unobstructed view of Phelps Bay, known by local fishing guides as the best Bass fishing bay on 'Tonka; the family will be happy to come here! Level land! Several renovations including dry, ventilated basement; 2 wonderful bathrooms; jetted tub; composite decks both lake side and in back. A 2+ sized garage with workshop area. 2 larger bedrooms; a lakeside office leading out to custom solarium and large lakeside living room. 2 fireplaces, one original stone and wood burning, and one gas. Flooring is a mixture of real wood and composite. Enjoy peaceful serenity and relax, you are home!
Last Buyer's Agent
NON-RMLS NON-RMLS
Non-MLS
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $7,395
Year Built
- Built in 1922
Lot Details
- 0.49 Acre Lot
- Lot Dimensions are 234x205x230
- Lake Front
- The property's road front is unimproved
- Street terminates at a dead end
- Irregular Lot
- Unpaved Streets
Parking
- 2 Car Garage
Interior Spaces
- 1,500 Sq Ft Home
- 1-Story Property
- Wood Burning Fireplace
- Entrance Foyer
- Living Room with Fireplace
- 2 Fireplaces
- Lake Views
- Unfinished Basement
- Sump Pump
- Washer and Dryer Hookup
Bedrooms and Bathrooms
- 3 Bedrooms
- Fireplace in Primary Bedroom
Outdoor Features
- Beach Access
Utilities
- Forced Air Heating and Cooling System
- Space Heater
- Well
- Septic System
Community Details
- No Home Owners Association
- Association fees include beach access, taxes
- Douglas Subdivision
- Property is near a preserve or public land
Listing and Financial Details
- Assessor Parcel Number 2511724130001
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 18, 2023
Closed on
Apr 1, 2025
Sold by
Meinecke Rick A
Bought by
Omni Custom Builders Llc
Seller's Agent
Nancy Arneson
Edina Realty, Inc.
Buyer's Agent
NON-RMLS NON-RMLS
Non-MLS
List Price
$1,125,000
Sold Price
$1,050,000
Premium/Discount to List
-$75,000
-6.67%
Views
154
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-8.31%
Original Mortgage
$945,000
Outstanding Balance
$943,400
Interest Rate
6.85%
Mortgage Type
New Conventional
Estimated Equity
$77,842
Similar Homes in Mound, MN
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 |
|---|---|---|---|
| Warranty Deed | $1,050,000 | Stewart Title Company |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $945,000 | New Conventional | |
| Previous Owner | $211,000 | New Conventional | |
| Previous Owner | $40,000 | Future Advance Clause Open End Mortgage |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/24/2025 06/24/25 | For Sale | $1,300,000 | +23.8% | -- |
| 04/01/2025 04/01/25 | Sold | $1,050,000 | -6.7% | $700 / Sq Ft |
| 11/04/2024 11/04/24 | Pending | -- | -- | -- |
| 11/04/2024 11/04/24 | For Sale | $1,125,000 | +7.1% | $750 / Sq Ft |
| 11/04/2024 11/04/24 | Off Market | $1,050,000 | -- | -- |
| 07/10/2024 07/10/24 | Price Changed | $1,125,000 | -2.2% | $750 / Sq Ft |
| 06/10/2024 06/10/24 | Price Changed | $1,150,000 | -2.2% | $767 / Sq Ft |
| 05/21/2024 05/21/24 | Price Changed | $1,176,000 | -1.6% | $784 / Sq Ft |
| 04/26/2024 04/26/24 | Price Changed | $1,195,000 | -0.4% | $797 / Sq Ft |
| 03/27/2024 03/27/24 | For Sale | $1,200,000 | +14.3% | $800 / Sq Ft |
| 03/18/2024 03/18/24 | Off Market | $1,050,000 | -- | -- |
| 02/28/2024 02/28/24 | Price Changed | $1,200,000 | 0.0% | $800 / Sq Ft |
| 02/28/2024 02/28/24 | For Sale | $1,200,000 | +14.3% | $800 / Sq Ft |
| 10/23/2023 10/23/23 | Off Market | $1,050,000 | -- | -- |
| 08/10/2023 08/10/23 | For Sale | $1,300,000 | +23.8% | $867 / Sq Ft |
| 08/03/2023 08/03/23 | Off Market | $1,050,000 | -- | -- |
| 07/20/2023 07/20/23 | For Sale | $1,300,000 | -- | $867 / 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 | $7,753 | $800,400 | $686,100 | $114,300 |
| 2022 | $5,738 | $721,000 | $594,000 | $127,000 |
| 2021 | $4,578 | $565,000 | $460,000 | $105,000 |
| 2020 | $4,988 | $456,000 | $347,000 | $109,000 |
| 2019 | $5,038 | $463,000 | $347,000 | $116,000 |
| 2018 | $4,892 | $464,000 | $358,000 | $106,000 |
| 2017 | $4,864 | $420,000 | $321,000 | $99,000 |
| 2016 | $4,192 | $360,000 | $271,000 | $89,000 |
| 2015 | $4,382 | $369,000 | $281,000 | $88,000 |
| 2014 | -- | $357,000 | $281,000 | $76,000 |
Source: Public Records
Agents Affiliated with this Home
-
Seller's Agent in 2025
Lynn Ault
Engel & Volkers Lake Minnetonka
(651) 470-0190
74 Total Sales
-
Seller's Agent in 2025
Nancy Arneson
Edina Realty, Inc.
(952) 474-8648
2 in this area
28 Total Sales
-
N
Buyer's Agent in 2025
NON-RMLS NON-RMLS
Non-MLS
Map
Source: NorthstarMLS
MLS Number: 6400885
APN: 25-117-24-13-0001
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