NOT LISTED FOR SALE

3906 Trail Point Ct NW Prior Lake, MN 55372

Estimated Value: $523,000 - $645,000

0.22 Acre
$2,559,650 Price per Acre
9,583 Sq Ft Lot

Last Sold October 30, 2012

Last sale price $45,667 $15 Per Sq Ft

Est. 1,133% increase in value since last sale

Current estimated payment $3,705/month

274 Days on Market

Highlights

  • Cul-De-Sac
  • Jeffers Pond Elementary School Rated A
  • Agricultural

About This Lot

As of October 2012

Detached single level Villa walk-out home site in the Jeffers Waterfront community. Connected to miles of scenic trails. Just minutes away from down town Prior Lake, major retail and Hwy 169. Bring your own builder.

Last Agent to Sell the Property

Jennifer Kilkelly

Gonyea Land Company Listed on: 09/13/2011

Last Buyer's Agent

James Hill

K Hovnanian Homes

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $4,846

Year Built

  • 2013

Lot Details

  • 9,583 Sq Ft Lot
  • Cul-De-Sac
  • 15 Lots in the community
  • Finished Lot(s)

HOA Fees

  • $140 Monthly HOA Fees

Farming

  • Agricultural

Utilities

  • Phone Available
  • Cable TV Available

Community Details

  • Association fees include exterior maintenance, shared amenities, snow removal, trash, lawn care

Listing and Financial Details

  • Assessor Parcel Number 254550040

Property Details

Property Type

Land

Est. Annual Taxes

$4,846

Year Built

2013

Lot Details

0

HOA Fees

$140 per month

Listing Details

  • Class: Lot/Land
  • Classification: Nonhomestead
  • Sub Type: Agriculture
  • Parcel Number: 254550040
  • Projected Closed Date: 11/30/2012
  • Taxes With Assessments: 1066
  • Estimated Number of Acres: 0.22
  • Additional Information: Abstract, Easements, Platted
  • Development: Yes
  • Development Status: Finished Lot
  • Land Improvements: Curbs/Gutters, Paved, Private
  • Topography: Walkout
  • Special Features: None
  • Property Sub Type: LotsLands
  • Year Built: 2013

Utilities

  • On Site Utilities: Cable Tv, City Water, Electric, Natural Gas, Storm Sewer, Telephone

Condo/Co-op/Association

  • HOA Fee Includes: Exterior Maintenance, Shared Amenities, Snow Removal, Trash, Lawn Care
  • Association Fee Frequency: Monthly
  • Association Fee: Yes
  • Association Fee: 140

Schools

  • School District: Prior Lake-Savage Area #719

Lot Info

  • Lot/Land Description: Cul de Sac
  • Total Lots Available: 15

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 24, 2015
Sold by
Vennam Raghunandan and Reddy Sravanthi
Bought by
Carr Beth A
Total Days on Market
274
Current Estimated Value
$563,123

Purchase Details

Closed on
May 24, 2013
Sold by
The Ryland Group Inc
Bought by
Vennam Raghunandan and Reddy Sravatnhi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$290,400
Interest Rate
3.38%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 13, 2011
Closed on
Oct 29, 2012
Sold by
Central Bank
Bought by
The Ryland Group Inc
Seller's Agent
Jennifer Kilkelly
Gonyea Land Company
Buyer's Agent
James Hill
K Hovnanian Homes
List Price
$75,000
Sold Price
$45,667
Premium/Discount to List
-$29,333
-39.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.08%
Source: Public Records

Similar Property in Prior Lake, MN

  • 5267 Shore Trail NE, Prior Lake, MN 55372

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    • Land
    • 0.25 Acre
    • $1,796,000 per Acre
    • 5267 Shore Trail NE
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    A great opportunity to create your dream home on a quiet hill with lovely views of Prior Lake. This lot includes private lake access from Pine Road, providing easy access to the water. The previous home has been demoed, leaving a clean slate for your ideas. A peaceful setting with plenty of potential—come see it for yourself!

    Nazar Orischin RE/MAX Results

    Section Image

Range of Values:

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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
Carr Beth A $360,000 Trademark Title Services Inc
Vennam Raghunandan $305,730 Fatco
The Ryland Group Inc -- None Available
The Ryland Group Inc $685,000 Fatco
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Vennam Raghunandan $290,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/30/2012 10/30/12 Sold $45,667 -39.1% $15 / Sq Ft
06/13/2012 06/13/12 Pending -- -- --
09/13/2011 09/13/11 For Sale $75,000 -- $25 / Sq Ft
Source: REALTOR® Association of Southern Minnesota

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
2025 $4,846 $505,900 $161,600 $344,300
2024 $4,846 $489,500 $155,400 $334,100
2023 $4,708 $477,600 $150,900 $326,700
2022 $4,490 $479,200 $150,900 $328,300
2021 $4,560 $389,800 $125,000 $264,800
2020 $4,626 $387,300 $125,000 $262,300
2019 $4,788 $377,500 $115,300 $262,200
2018 $4,976 $0 $0 $0
2016 $4,858 $0 $0 $0
2014 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 3532375

REALTOR® Association of Southern Minnesota

APN: 25-455-004-0