NOT LISTED FOR SALE

4664 Palmer Pointe Rd Excelsior, MN 55331

Estimated Value: $2,472,000 - $4,611,000

0.42 Acre
$8,124,379 Price per Acre
18,295 Sq Ft Lot

Last Sold June 03, 2013

Last sale price $995,000

Est. 243% increase in value since last sale

Current estimated payment $20,662/month

376 Days on Market

Highlights

  • 144 Feet of Waterfront
  • Landscaped with Trees
  • Agricultural
  • Shirley Hills Primary School Rated A

About This Lot

As of June 2013

Welcome to Palmer Point of Lake Minetonka! This 7 acre development consists of 10 spectacular lakeshore lots. All of which are walk-outs and feature dramatic views in every direction and great sandy bottom clear lakeshore. ALL PRICES HAVE BEEN REDUCED!

Last Agent to Sell the Property

Richard Stabeck

Lakes Sotheby's International Listed on: 03/23/2012

Co-Listed By

George Stickney

Coldwell Banker Burnet

Last Buyer's Agent

NON-RMLS NON-RMLS

Non-MLS

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $30,757

Lot Details

  • 0.42 Acre Lot
  • 144 Feet of Waterfront
  • Lake Front
  • Landscaped with Trees
  • 5 Lots in the community
  • Finished Lot(s)

HOA Fees

  • $8 Monthly HOA Fees

Additional Features

  • Agricultural
  • Phone Available

Listing and Financial Details

  • Assessor Parcel Number 3611724340029

Property Details

Property Type

Land

Est. Annual Taxes

$30,757

Lot Details

0

HOA Fees

$8 per month

Listing Details

  • Class: Lot/Land
  • Classification: Nonhomestead
  • Sub Type: Agriculture
  • Parcel Number: 3611724340029
  • Projected Closed Date: 05/31/2013
  • Street Designation: Road
  • Taxes With Assessments: 9141.78
  • Estimated Number of Acres: 0.42
  • Additional Information: Abstract, Easements, Platted, Soil Test Available, Survey, Survey Stakes
  • Development: Yes
  • Development Status: Finished Lot
  • Land Improvements: Curbs/Gutters, Paved
  • Topography: Walkout
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • LakeAcres: 14652
  • Waterfront: Yes
  • Water Frontage: 144
  • Waterfront Description: Lake

Utilities

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

Condo/Co-op/Association

  • Association Fee Frequency: Yearly
  • Association Fee: Yes
  • Association Fee: 100

Lot Info

  • Lot/Land Description: Tree Coverage - Medium, Paved Streets
  • Total Lots Available: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 23, 2014
Sold by
Chan Tiow Keng and Sim Guak Hong
Bought by
The Guak Hong Sim Trust
Current Estimated Value
$3,412,239

Purchase Details

Closed on
Jan 17, 2014
Sold by
Sim Guak Hong
Bought by
Chan Tiow Keng and Sim Guak Hong

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$900,000
Interest Rate
2.99%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Mar 23, 2012
Closed on
Jun 3, 2013
Seller's Agent
Richard Stabeck
Lakes Sotheby's International
Buyer's Agent
NON-RMLS NON-RMLS
Non-MLS
List Price
$1,195,000
Sold Price
$995,000
Premium/Discount to List
-$200,000
-16.74%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.47%

Purchase Details

Listed on
Mar 23, 2012
Closed on
May 28, 2013
Sold by
Paradise Land Llc
Bought by
Sim Guak Hong
Seller's Agent
Richard Stabeck
Lakes Sotheby's International
Buyer's Agent
NON-RMLS NON-RMLS
Non-MLS
List Price
$1,195,000
Sold Price
$995,000
Premium/Discount to List
-$200,000
-16.74%
Source: Public Records

Range of Values:

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Average Value
Not Available
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
The Guak Hong Sim Trust -- Custom Home Bldrs Title Llc
Chan Tiow Keng -- Custom Home Builders Title L
-- $995,000 --
Sim Guak Hong $965,735 Burnet Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Chan Tiow Keng $900,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/03/2013 06/03/13 Sold $995,000 -16.7% --
04/03/2013 04/03/13 Pending -- -- --
03/23/2012 03/23/12 For Sale $1,195,000 -- --
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
2024 $30,757 $2,779,800 $1,452,000 $1,327,800
2023 $29,016 $2,749,000 $1,452,000 $1,297,000
2022 $23,816 $2,478,000 $1,452,000 $1,026,000
2021 $23,264 $2,064,000 $1,213,000 $851,000
2020 $25,182 $1,993,000 $1,155,000 $838,000
2019 $23,805 $2,011,000 $1,150,000 $861,000
2018 $24,980 $1,888,000 $1,121,000 $767,000
2017 $26,951 $2,000,000 $1,100,000 $900,000
2016 $26,961 $1,965,000 $1,100,000 $865,000
2015 $13,670 $935,000 $935,000 $0
2014 -- $900,000 $900,000 $0
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2013

    Richard Stabeck

    Lakes Sotheby's International

  • G

    Seller Co-Listing Agent in 2013

    George Stickney

    Coldwell Banker Burnet

  • N

    Buyer's Agent in 2013

    NON-RMLS NON-RMLS

    Non-MLS

See All Agents

Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 3534709

REALTOR® Association of Southern Minnesota

APN: 36-117-24-34-0029

Minnesota Hennepin County Excelsior 55331

4664 Palmer Pointe Rd, Excelsior, MN

This home is located at 4664 Palmer Pointe Rd, Excelsior, MN 55331 since 23 March 2012 and is currently estimated at $3,412,239. 4664 Palmer Pointe Rd is a home located in Hennepin County with nearby schools including Shirley Hills Primary School, Westonka Middle School, and Westonka High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

REALTOR® Association of Southern Minnesota IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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