NOT LISTED FOR SALE

Estimated Value: $1,363,574

0.55 Acre
$2,479,225 Price per Acre
23,958 Sq Ft Lot

Sale Details

Date Sold: December 27, 2012

Last sale price $800,000 $176 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $8,656 / mo

358 Days on Market

Highlights

  • Lake Front
  • Landscaped with Trees
  • Agricultural
  • Cul-De-Sac

About This Lot

As of December 2012

Welcome to Palmer Pointe of Lake Minnetonka! 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: 06/22/2011

Co-Listed By

George Stickney

Coldwell Banker Burnet

Last Buyer's Agent

Jan Nelson

RE/MAX Advantage Plus

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Property Details

Property Type

  • Land

Lot Details

  • 23,958 Sq Ft Lot
  • Lake Front
  • Cul-De-Sac
  • Sloped Lot
  • Landscaped with Trees
  • Finished Lot(s)

HOA Fees

  • $8 Monthly HOA Fees

Additional Features

  • Agricultural
  • Phone Available

Listing and Financial Details

  • Assessor Parcel Number 3611724340031

Property Details

Property Type

Land

Lot Details

0.55 Acres

HOA Fees

$8 per month

Listing Details

  • Class: Lot/Land
  • Classification: Nonhomestead
  • Sub Type: Agriculture
  • Parcel Number: 3611724340031
  • Estimated Number of Acres: 0.55
  • Additional Information: Easements, Platted, Soil Test Available, Survey, Survey Stakes
  • Development Status: Finished Lot
  • Land Improvements: Curbs/Gutters, Paved
  • Topography: Sloped, Walkout
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • LakeAcres: 14652
  • Waterfront: Yes
  • 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: Cul de Sac, Tree Coverage - Medium, Paved Streets

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 1, 2025
Sold by
Bought by
Current Estimated Value
$1,363,574

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$806,500
Outstanding Balance
$798,733
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$564,841

Purchase Details

Closed on
Dec 19, 2011
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$235,428
Interest Rate
3.99%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Apr 21, 2011
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,295,000 First American Title Insurance
$725,000 Pgp Title
$5,000,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $806,500
Previous Owner $50,000
Previous Owner $653,800
Previous Owner $59,995
Previous Owner $616,000
Previous Owner $235,428
Previous Owner $417,000
Previous Owner $235,428
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
12/27/2012 12/27/12 Sold $800,000 -26.3% $176 / Sq Ft
06/14/2012 06/14/12 Pending -- -- --
06/22/2011 06/22/11 For Sale $1,085,000 -- $239 / Sq Ft
Source: REALTOR® Association of Southern Minnesota

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $13,844 $1,269,800 $582,400 $687,400
2024 $14,212 $1,333,000 $582,400 $750,600
2023 $10,326 $1,036,200 $338,000 $698,200
2022 $7,775 $966,000 $338,000 $628,000
2021 $7,599 $734,000 $210,000 $524,000
2020 $8,033 $711,000 $200,000 $511,000
2019 $8,421 $702,000 $200,000 $502,000
2018 $8,418 $726,000 $250,000 $476,000
2017 $7,950 $653,000 $180,000 $473,000
2016 $7,819 $634,000 $180,000 $454,000
2015 $7,881 $629,000 $180,000 $449,000
2014 -- $685,000 $180,000 $505,000
Source: Public Records

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Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 3496226

REALTOR® Association of Southern Minnesota

APN: 36-117-24-33-0048

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