NOT LISTED FOR SALE

3997 Lost Lake Rd Gilbert, MN 55741

Estimated Value: $76,000 - $163,984

40 Acres
$2,550 Price per Acre
1,742,400 Sq Ft Lot

Last Sold May 11, 2020

Last sale price $49,900

Est. 104% increase in value since last sale

Current estimated payment $611/month

181 Days on Market

About This Lot

As of May 2020

Incredible 40 acre parcel featuring 15 acres of Red Pine, an established driveway and several trails. 37 acres of the 40 are currently enrolled in SFIA (forest management program) and receives annual disbursement. (See DNR site for further info). Sale includes older trailer, shed, picnic table, gated entry and more. Parcel also features a pond and flowage on southern border. Several thousand acres of public use land adjoin the parcel's east side.

Last Agent to Sell the Property

Greg Hoffman

Edina Realty, Inc. License #20381267 Listed on: 10/10/2019

Edina Realty, Inc.

Last Buyer's Agent

Member Non

NON-MEMBER

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $360

Lot Details

  • 40 Acre Lot
  • Lot Dimensions are 1,320 x 1,320
  • Level Lot

Property Details

Property Type

Land

Est. Annual Taxes

$360

Lot Details

40 Acres

Listing Details

  • Class: Lots/Land
  • Lvt Date: 10/10/2019
  • Real Estate Tax: $360
  • Type: Residential
  • Lot Size Length: 1320
  • Lot Size Width: 1320
  • Special Features: None
  • Property Sub Type: LotsLands

Lot Info

  • Number Of Acres: 40
  • Zoning: Res
  • Improvements: Drive Way
  • Land Description: Fairly level.
  • Topography: Level

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 10, 2019
Closed on
May 11, 2020
Sold by
Riemer Dana A
Bought by
Kane Brian and Kane Wanda R
Seller's Agent
Greg Hoffman
Edina Realty, Inc.
Buyer's Agent
Member Non
NON-MEMBER
List Price
$65,000
Sold Price
$49,900
Premium/Discount to List
-$15,100
-23.23%
Current Estimated Value
$101,996

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$52,096
Avg. Annual Appreciation
13.17%

Purchase Details

Closed on
Aug 12, 2016
Sold by
Otteson Robert and Otteson Judy A
Bought by
Riemer Dana A

Purchase Details

Closed on
May 19, 2003
Sold by
Jofs William A and Jofs Patricia C
Bought by
Otteson Robert and Otteson Judy A

Purchase Details

Closed on
Jun 14, 2002
Sold by
William A & Patricia C Jofs Trust
Bought by
Otteson Robert and Otteson Judy A
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Kane Brian $49,900 None Available
Riemer Dana A $36,000 East Central Title Llc
Otteson Robert $31,000 Ati
Otteson Robert $31,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Otteson Robert $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/11/2020 05/11/20 Sold $49,900 0.0% --
04/08/2020 04/08/20 Pending -- -- --
02/12/2020 02/12/20 Price Changed $49,900 -9.3% --
10/14/2019 10/14/19 Price Changed $55,000 -15.4% --
10/10/2019 10/10/19 For Sale $65,000 -- --
Source: Range Association of REALTORS®

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 $1,014 $95,800 $52,800 $43,000
2023 $1,014 $88,500 $47,600 $40,900
2022 $498 $42,600 $40,700 $1,900
2021 $488 $36,200 $34,600 $1,600
2020 $492 $36,200 $34,600 $1,600
2019 $360 $36,200 $34,600 $1,600
2018 $352 $36,200 $34,600 $1,600
2017 $346 $35,800 $35,800 $0
2016 $332 $35,800 $35,800 $0
2015 $328 $35,800 $35,800 $0
2014 $328 $36,100 $36,100 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Range Association of REALTORS®

MLS Number: 138449

Range Association of REALTORS®

APN: 677001500090

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