NOT LISTED FOR SALE

3950 Sunset Dr Spring Park, MN 55384

4 Beds
4 Baths
2,186 Sq Ft
9,148 Sq Ft Lot

Last Sold November 01, 2022

Last sale price $1,000,000 $457 Per Sq Ft

6 Days on Market

Highlights

  • 60 Feet of Waterfront
  • Dock Facilities
  • 1-Story Property
  • Hilltop Primary School Rated A

About This Home

As of November 2022

Harken back to the days of the small resort business on Lake Minnetonka. This unique property is a holdover from that quaint era, on the Twin Cities' most sought after lakefront. Included in this opportunity are 3 detached cabins and one duplex, for a total of 5 rental units, with tenants in place. This is a great investment opportunity as is, with the potential to build a new single-family home. The property is zoned for single family homes and is on a desirable level lot with west facing views. Agents please refer to agent remarks for showing procedures. Subject to right of tenants, leases expire 4/30/2023.

Last Agent to Sell the Property

Jeffrey Meehan

Keller Williams Premier Realty Lake Minnetonka Listed on: 09/13/2022

Keller Williams Premier Realty Lake Minnetonka

Co-Listed By

Lowell Lankford

Keller Williams Premier Realty Lake Minnetonka

Last Buyer's Agent

Andrew Spilseth

Compass

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,313

Year Built

  • Built in 1940

Lot Details

  • Lot Dimensions are 59x148x59x163
  • 60 Feet of Waterfront
  • Lake Front

Parking

  • 1 Car Garage

Interior Spaces

  • 2,186 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Dock Facilities

Community Details

  • 4 Units
  • Togo Park Lake Mtka Subdivision

Listing and Financial Details

  • Tenant pays for cable TV, electricity, fuel, grounds care
  • The owner pays for insurance, snow removal, taxes, trash collection, water
  • Assessor Parcel Number 1711723320027

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,313

Year Built

Built in 1940

Lot Details

0

Parking

1

Listing Details

  • Type: Residential Income
  • Property Subtype 1: Other
  • Garage Spaces: 1
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Association Amenities: Boat Slip, Dock
  • Year Built: 1940
  • Above Grade Finished Sq Ft: 2186
  • Water Body Name: Minnetonka
  • Water Sewer Expenses: 1845
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Living Area: 2186
  • Fireplace: No
  • Owner Pays: Insurance, Snow Removal, Taxes, Trash Collection, Water
  • Basement YN: No
  • Total Rooms: 4
  • Total Rooms: 3
  • Total Rooms: 4

Beds/Baths

  • Total Bedrooms: 4

Exterior Features

  • Lake Acres: 14729
  • LakeChain: N
  • Waterfront Frontage: 60

Garage/Parking

  • Garage Square Feet: 240

Utilities

  • Heating: Other
  • Sewer: City Sewer/Connected
  • Fuel: Natural Gas

Schools

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

Lot Info

  • Waterfront YN: Yes
  • Lot Size: 59x148x59x163
  • Land Lease: No
  • Additional Parcels: No
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Other, Wood Siding
  • Units Total: 4

Rental Info

  • Expenses: 9582.0000

Tax Info

  • Tax Year: 2022
  • Assessor Parcel Number: 1711723320027
  • Tax Annual Amount: 8313
  • TaxWithAssessments: 8313.0000

Multi Family

  • TenantPays: Cable TV, Electricity, Fuel, Grounds Care
  • ElectricExpense: 53
  • Resident Manager Expense: 990
  • WaterfrontFeatures: Lake Front

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

Property History

Date Event Price Change Sq Ft Price
11/01/2022 11/01/22 Sold $1,000,000 +1.0% $457 / Sq Ft
09/19/2022 09/19/22 Pending -- -- --
09/13/2022 09/13/22 For Sale $990,000 -- $453 / Sq Ft
Source: NorthstarMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6260444

NorthstarMLS