2
Beds
1
Bath
1,118
Sq Ft
0.28
Acres
Highlights
- 1 Fireplace
- No HOA
- Living Room
- Shirley Hills Primary School Rated A
- Den
- 1-Story Property
About This Home
As of November 2024NEW PRICE. Seller is very motivated. Quick close preferred. This a rare opportunity to purchase a classic cottage-cabin rambler on Phelps Island, steps from Phelps Bay, Lake Minnetonka. This is one of the best lots on Phelps Island. Built in 1920, this charming home sits on a double, corner, and wooded lot, surrounded by well-cared-for mature trees. The large fenced-in yard is a blank canvas for anyone who wants to create their dream landscaping/garden or have a large space for kids or pets or both. The property has two large driveways - more than enough extra space to park your boat, camper etc. As a Mound resident the owner will be part of the exclusive Mound Dock Program, allowing access to stunning Phelps Bay, Lake Minnetonka. The light-filled, open-plan, and relaxed interior feels connected to the nature that surrounds the home. Two large bedrooms, working original fireplace, with ample room for entertaining inside and out. Set in a tranquil location this home feels like a hideaway. New roof on house in 2023. New roof on garage and garage rehab in 2022. New retaining wall in 2023. Bathroom pipes/plumbing replaced 7 years ago with a bathroom update. HVAC, washer, dryer, range, and refrigerator have all been covered by "Home Service Plus" through Centerpoint Energy - all kept serviced and up to date. Phelps Bay is one of the quietest Bays on Lake Minnetonka - lots of sailing, windsurfing, kayaking, and canoeing. Don’t miss this opportunity to live in a truly beautiful and unique location. Live in it and love it, or build your dream home - limitless possiblities and potential.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,649
Year Built
- Built in 1920
Lot Details
- 0.28 Acre Lot
- Lot Dimensions are 80x155
Parking
- 1 Car Garage
Interior Spaces
- 1,118 Sq Ft Home
- 1-Story Property
- 1 Fireplace
- Living Room
- Den
- Crawl Space
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Full Bathroom
Utilities
- Forced Air Heating System
Community Details
- No Home Owners Association
- Devon Subdivision
Listing and Financial Details
- Assessor Parcel Number 3011723220069
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 10, 2024
Closed on
Nov 4, 2024
Sold by
Drake Brian
Bought by
Myerchin Marie
Seller's Agent
Jonathan Ferguson
Anderson Realty
Buyer's Agent
Kate Hyland
Anderson Realty
List Price
$335,000
Sold Price
$295,000
Premium/Discount to List
-$40,000
-11.94%
Views
56
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,150
Avg. Annual Appreciation
0.16%
Purchase Details
Listed on
Sep 10, 2024
Closed on
Oct 29, 2024
Sold by
Drake Elizabeth Ellen Carlon and Carlon Elizabeth Ellen
Bought by
Drake Brian R
Seller's Agent
Jonathan Ferguson
Anderson Realty
Buyer's Agent
Kate Hyland
Anderson Realty
List Price
$335,000
Sold Price
$295,000
Premium/Discount to List
-$40,000
-11.94%
Views
56
Purchase Details
Closed on
Dec 9, 2019
Sold by
Drake Elizabeth Ellen Canon and Drake Brian
Bought by
Drake Brian R
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
3.6%
Mortgage Type
New Conventional
Purchase Details
Closed on
Sep 26, 2016
Sold by
Junker Joanne M
Bought by
Cherif Elizabeth
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$122,400
Interest Rate
3.43%
Mortgage Type
New Conventional
Similar Homes in Mound, MN
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $295,000 | -- | |
| Quit Claim Deed | -- | Executive Title | |
| Warranty Deed | $210,000 | None Available | |
| Warranty Deed | $136,000 | Liberty Title Inc |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $33,194 | New Conventional | |
| Previous Owner | $210,000 | New Conventional | |
| Previous Owner | $122,400 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/04/2024 11/04/24 | Sold | $295,000 | 0.0% | $264 / Sq Ft |
| 10/22/2024 10/22/24 | Pending | -- | -- | -- |
| 10/17/2024 10/17/24 | Price Changed | $295,000 | -9.2% | $264 / Sq Ft |
| 10/01/2024 10/01/24 | Price Changed | $325,000 | -3.0% | $291 / Sq Ft |
| 09/21/2024 09/21/24 | For Sale | $335,000 | 0.0% | $300 / Sq Ft |
| 09/17/2024 09/17/24 | Pending | -- | -- | -- |
| 09/12/2024 09/12/24 | For Sale | $335,000 | -- | $300 / Sq Ft |
Source: NorthstarMLS
Tax History Compared to Growth
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 | $3,042 | $266,000 | $120,400 | $145,600 |
| 2022 | $2,521 | $246,000 | $105,000 | $141,000 |
| 2021 | $2,533 | $196,000 | $73,000 | $123,000 |
| 2020 | $2,738 | $195,000 | $78,000 | $117,000 |
| 2019 | $2,803 | $180,000 | $68,000 | $112,000 |
| 2018 | $3,654 | $181,000 | $69,000 | $112,000 |
| 2017 | $3,691 | $154,000 | $67,000 | $87,000 |
| 2016 | $2,811 | $133,000 | $56,000 | $77,000 |
| 2015 | $3,521 | $137,000 | $60,000 | $77,000 |
| 2014 | -- | $115,000 | $49,000 | $66,000 |
Source: Public Records
Agents Affiliated with this Home
-
Jonathan Ferguson
J
Seller's Agent in 2024
Jonathan Ferguson
Anderson Realty
(763) 352-9855
1 in this area
6 Total Sales
-
Kate Hyland
Buyer's Agent in 2024
Kate Hyland
Anderson Realty
(781) 290-6392
1 in this area
52 Total Sales
Map
Source: NorthstarMLS
MLS Number: 6600086
APN: 30-117-23-22-0069
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