NOT LISTED FOR SALE

4265 Cottonwood Ln Excelsior, MN 55331

Estimated Value: $2,921,000 - $3,692,000

4 Beds
3.5 Baths
4,712 Sq Ft
$700/Sq Ft Est. Value

Last Sold June 03, 2024

Last sale price $3,100,000 $658 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $20,755/month

3 Days on Market

Highlights

  • 55 Feet of Waterfront
  • 1 Fireplace
  • Home Office
  • Deephaven Elementary School Rated A
  • No HOA
  • Wet Bar

About This Home

As of June 2024

Welcome to 4265 Cottonwood Lane, a charming Nantucket-style cottage nestled on the shores of Cottagewood, USA. This home has four bedrooms and four bathrooms and has been thoughtfully designed with new carpet and fresh paint. As you step inside, the newly-refinished natural wide plank hardwood floors guide you through an open floor plan perfect for entertaining, featuring an open kitchen with plenty of space to create meals for family and friends. The living area is a cozy retreat with a fireplace and breathtaking views of Lake Minnetonka. The primary bedroom offers a tranquil escape, a spa-like ensuite bathroom, a large closet, and a private deck for sipping your morning coffee. Upstairs, additional bedrooms provide comfort and privacy for family and guests. The outdoor space is a true oasis, with beautiful riprap, a level sandy shoreline, and breathtaking sunsets in a rare neighborhood setting. Inquire for more information from Sharratt Design & Co. on plans for this sweet cottage!

Last Agent to Sell the Property

Mimi Bendickson

Compass Listed on: 04/08/2024

Compass

Co-Listed By

Mollie Waychoff

Compass

Last Buyer's Agent

John McWhite

Coldwell Banker Realty

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $25,716

Year Built

  • Built in 1996

Lot Details

  • 0.26 Acre Lot
  • Lot Dimensions are 55x200x55x191
  • 55 Feet of Waterfront
  • Lake Front

Parking

  • 2 Car Garage

Home Design

  • Shake Siding

Interior Spaces

  • 2-Story Property
  • Wet Bar
  • 1 Fireplace
  • Family Room
  • Living Room
  • Dining Room
  • Home Office

Kitchen

  • Cooktop
  • Microwave
  • Freezer
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Finished Basement

  • Walk-Out Basement
  • Natural lighting in basement

Utilities

  • Forced Air Heating and Cooling System
  • Humidifier
  • Well

Community Details

  • No Home Owners Association
  • Ideville Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2411723320012

Home Details

Home Type

Single Family

Est. Annual Taxes

$25,716

Year Built

Built in 1996

Lot Details

0

Parking

2

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: Central Air
  • Garage Spaces: 2
  • Accessibility Features: None
  • Fireplaces: 1
  • Water Source: Well
  • Year Built: 1996
  • Above Grade Finished Sq Ft: 3329
  • Water Body Name: Minnetonka
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Block, Daylight/Lookout Windows, Finished, Walkout
  • Appliances: Cooktop, Dishwasher, Disposal, Dryer, Exhaust Fan, Freezer, Humidifier, Microwave, Range, Refrigerator, Washer, Water Softener Owned
  • Fireplace Features: Gas
  • Living Area: 4712
  • Below Grade Finished Sq Ft: 1383
  • Basement YN: Yes
  • Dining Room Type: Living Room, Dining Room, Family Room, Kitchen, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Informal Dining Room, Office, Bar/Wet Bar Room, Laundry, Walk In Closet

Beds/Baths

  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Three Quarter Bathrooms: 1

Exterior Features

  • View: East, North, Panoramic, West
  • PatioPorchType: Covered,Deck,Screened
  • Lake Acres: 14205
  • Lake Bottom: Sand
  • LakeChain: N
  • Elevation Highpoint to Waterfront Feet: 0-4
  • Waterfront Frontage: 55

Garage/Parking

  • Parking Features: Detached, Asphalt
  • Garage Square Feet: 493

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • Fuel: Natural Gas

Condo/Co-op/Association

  • Association: No
  • Amenities Unit: Ceiling Fan(s),Deck,Dock,French Doors,Kitchen Center Island,Natural Woodwork,Security System,In-Ground Sprinkler,Wet Bar,Walk-In Closet

Schools

  • Junior High Dist: Minnetonka
  • SchoolDistrictNumber: 276
  • SchoolDistrictPhone: 952-401-5000

Lot Info

  • Waterfront YN: Yes
  • PropertyAttachedYN: No
  • Lot Size: 55x200x55x191
  • Lot Size Sq Ft: 11325.6
  • Land Lease: No
  • Lot Features: Public Transit (w/in 6 blks), Some Trees
  • Additional Parcels: No
  • Zoning Description: Shoreline,Residential-Single Family
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Shake Siding

Tax Info

  • Tax Year: 2022
  • Assessor Parcel Number: 2411723320012
  • Tax Annual Amount: 25716
  • TaxWithAssessments: 25716.0000

Multi Family

  • WaterfrontFeatures: Lake Front

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 8, 2024
Closed on
May 13, 2024
Sold by
Maclennan Douglas
Bought by
Sit Michele and Faber Steven
Seller's Agent
Mimi Bendickson
Compass
Buyer's Agent
John McWhite
Coldwell Banker Realty
List Price
$3,100,000
Sold Price
$3,100,000
Views
17
Current Estimated Value
$3,275,694

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$175,694
Avg. Annual Appreciation
-0.32%

Purchase Details

Listed on
Apr 11, 2023
Closed on
Aug 31, 2023
Sold by
Neatherlin Kenneth and Neatherlin Matney
Bought by
Maclennan Douglas and Malhotra Monica
Seller's Agent
Mollie Waychoff
Compass
Buyer's Agent
Mimi Bendickson
Compass
List Price
$3,349,000
Sold Price
$2,925,000
Premium/Discount to List
-$424,000
-12.66%
Views
83

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.95%

Purchase Details

Closed on
Aug 19, 2015
Sold by
Alberts Andrew and Alberts Kelly
Bought by
Neatherlin Kenneth and Neatherlin Matney

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,496,000
Interest Rate
3.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Nov 29, 2012
Sold by
Nelson Thomas E and Pyzdrowski Kathryn L
Bought by
Alberts Andrew and Alberts Kelly

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
2.69%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 10, 2002
Sold by
Johnson Jeffrey A and Johnson Jennifer A
Bought by
Nelson Thomas E and Pyzdrwoski Kathryn L

Purchase Details

Closed on
May 14, 1996
Sold by
Macrae James D
Bought by
Johnson Jeffrey A and Johnson Jennifer R
Source: Public Records

Range of Values:

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Average Value
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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
Sit Michele $3,100,000 --
Maclennan Douglas $2,925,000 Executive Title Services
Neatherlin Kenneth $1,870,000 Burnet Title
Alberts Andrew $1,550,000 Burnet Title
Nelson Thomas E $1,250,000 --
Johnson Jeffrey A $390,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Neatherlin Kenneth $1,496,000
Previous Owner Alberts Andrew $417,000
Previous Owner The Nelson Pyzdrowski Living Trust $858,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/03/2024 06/03/24 Sold $3,100,000 0.0% $658 / Sq Ft
04/13/2024 04/13/24 Pending -- -- --
04/10/2024 04/10/24 For Sale $3,100,000 +6.0% $658 / Sq Ft
08/31/2023 08/31/23 Sold $2,925,000 -4.1% $621 / Sq Ft
07/24/2023 07/24/23 Pending -- -- --
05/30/2023 05/30/23 Price Changed $3,049,000 -9.0% $647 / Sq Ft
04/13/2023 04/13/23 For Sale $3,349,000 -- $711 / Sq Ft
Source: NorthstarMLS

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
2023 $31,971 $3,044,300 $1,760,900 $1,283,400
2022 $25,716 $2,721,000 $1,677,000 $1,044,000
2021 $23,428 $2,107,000 $1,268,000 $839,000
2020 $22,997 $1,931,000 $1,208,000 $723,000
2019 $23,478 $1,829,000 $1,129,000 $700,000
2018 $24,151 $1,846,000 $1,129,000 $717,000
2017 $22,576 $1,685,000 $995,000 $690,000
2016 $22,856 $1,605,000 $965,000 $640,000
2015 $20,503 $1,432,000 $860,000 $572,000
2014 -- $1,325,000 $783,000 $542,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6515690

NorthstarMLS

APN: 24-117-23-32-0012