Seller's Agent in 2023
Yolanda (Loni) Lowe
Bridge Realty, LLC
(612) 790-1959
1 in this area
15 Total Sales
3525 Elmwood Place Minnetonka, MN 55345
Groveland NeighborhoodEstimated Value: $560,000 - $636,901
4
Beds
4
Baths
3,088
Sq Ft
$197/Sq Ft
Est. Value
Highlights
- RV Access or Parking
- Hearth Room
- No HOA
- Groveland Elementary School Rated A
- Bonus Room
- 1-minute walk to Elmwood-Strand Park
About This Home
As of March 2023Hard to find main level owners suite with private bath and walk in shower. 2 large closets with organizers. 4 bedrooms and 3 bathrooms on the main level. Main level bonus room currently used as office would be a perfect space for a large main level laundry. Hardwood floors in main living areas and bedrooms. Tile in bathrooms and kitchen. Cozy main floor family rm with wood burning fireplace. Lower level finished with in law area including bathroom, kitchen, dining, and family rm. Home had short term renter and is now being freshened up with paint and all new trim and baseboard. Newer windows and roof. Just blocks from Grays Bay on Lake Minnetonka!! Really great potential for more renovations. Extra parking beside the garage for boat or RV.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $5,611
Year Built
- Built in 1953
Lot Details
- 0.38 Acre Lot
- Lot Dimensions are 106x149x104x166
- Property is Fully Fenced
- Wood Fence
- Chain Link Fence
Parking
- 2 Car Attached Garage
- Garage Door Opener
- RV Access or Parking
Home Design
- Pitched Roof
Interior Spaces
- 1-Story Property
- Wood Burning Fireplace
- Brick Fireplace
- Family Room with Fireplace
- Sitting Room
- Living Room
- Den
- Bonus Room
- Game Room
- Utility Room Floor Drain
Kitchen
- Hearth Room
- Range
- Microwave
- Dishwasher
- Stainless Steel Appliances
- The kitchen features windows
Bedrooms and Bathrooms
- 4 Bedrooms
Laundry
- Dryer
- Washer
Finished Basement
- Basement Fills Entire Space Under The House
- Basement Storage
- Basement Window Egress
Utilities
- Forced Air Heating and Cooling System
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 1711722420100
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 19, 2023
Closed on
Feb 21, 2023
Sold by
Smith Kevin Ray
Bought by
Larson Ethan
Seller's Agent
Yolanda (Loni) Lowe
Bridge Realty, LLC
Buyer's Agent
Lynn Reiners
Compass
List Price
$495,000
Sold Price
$510,000
Premium/Discount to List
$15,000
3.03%
Views
19
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$96,975
Avg. Annual Appreciation
6.98%
Original Mortgage
$408,000
Outstanding Balance
$394,634
Interest Rate
6.09%
Mortgage Type
New Conventional
Estimated Equity
$212,341
Purchase Details
Closed on
Nov 22, 2004
Sold by
Watkins Steven Dudley and Watkins Nancy Adams
Bought by
Smith Kevin R and Savoie Laura K
Purchase Details
Closed on
Nov 30, 2001
Sold by
Holmgren Thor R and Holmgren Denise K
Bought by
Watkins Steven Dudley
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Larson Ethan | $510,000 | Burnet Title | |
| Larson Ethan | $510,000 | Burnet Title | |
| Smith Kevin R | $327,000 | -- | |
| Watkins Steven Dudley | $259,900 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Larson Ethan | $408,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/01/2023 03/01/23 | Sold | $510,000 | 0.0% | $165 / Sq Ft |
| 01/30/2023 01/30/23 | Off Market | $510,000 | -- | -- |
| 01/24/2023 01/24/23 | Pending | -- | -- | -- |
| 01/19/2023 01/19/23 | Pending | -- | -- | -- |
| 01/19/2023 01/19/23 | For Sale | $495,000 | -- | $160 / 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 |
|---|---|---|---|---|
| 2024 | $6,761 | $510,800 | $202,400 | $308,400 |
| 2023 | $6,308 | $503,500 | $202,400 | $301,100 |
| 2022 | $5,611 | $464,700 | $202,400 | $262,300 |
| 2021 | $5,510 | $407,200 | $184,000 | $223,200 |
| 2020 | $5,598 | $401,100 | $184,000 | $217,100 |
| 2019 | $5,479 | $390,600 | $184,000 | $206,600 |
| 2018 | $5,184 | $380,900 | $184,000 | $196,900 |
| 2017 | $5,273 | $362,400 | $169,900 | $192,500 |
| 2016 | $5,248 | $359,600 | $155,000 | $204,600 |
| 2015 | $4,675 | $320,000 | $150,000 | $170,000 |
| 2014 | -- | $324,900 | $150,000 | $174,900 |
Source: Public Records
Agents Affiliated with this Home
-
Yolanda (Loni) Lowe
-
Lynn Reiners
Buyer's Agent in 2023
Lynn Reiners
Compass
(612) 817-3597
1 in this area
51 Total Sales
Map
Source: NorthstarMLS
MLS Number: 6315868
APN: 17-117-22-42-0100
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