NOT LISTED FOR SALE

4850 Deer Ridge Trail Independence, MN 55359

Estimated Value: $1,096,000 - $1,972,000

3.33 Acres
$455,003 Price per Acre
145,055 Sq Ft Lot

Last Sold May 10, 2013

Last sale price $180,000

Est. 742% increase in value since last sale

Current estimated payment $9,454/month

246 Days on Market

Highlights

  • 3.33 Acre Lot
  • Corner Lot
  • Agricultural
  • Schumann Elementary School Rated A-

About This Lot

As of May 2013

Build your dream home on 3.3 acres. Quiet/country feel just off Hwy 12 bypass. Mins to Ridgedale Mall, 30 min to DT Mpls. Walkout site ready to go, survey, soil test, etc. Lot allows for up to 40x60 sep outbldg. 2nd driveway approved. No assoc fees.

Last Agent to Sell the Property

Gregory Lawrence

Home Avenue - FSBO Listed on: 08/01/2012

Last Buyer's Agent

Patricia Williams

Keller Williams Integrity Realty

Property Details

Property Type

  • Land

Lot Details

  • 3.33 Acre Lot
  • Corner Lot
  • Sloped Lot
  • Few Trees
  • Site Plan Filed

Farming

  • Agricultural

Listing and Financial Details

  • Assessor Parcel Number 2511824410010

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Class: Lot/Land
  • Classification: Nonhomestead
  • Sub Type: Agriculture
  • Parcel Number: 2511824410010
  • Estimated Number of Acres: 3.33
  • Additional Information: Abstract, Easements, Platted, Soil Test Available, Survey, Survey Stakes, Topographic Map
  • Development Status: Site Plan Filed
  • Land Improvements: Curbs/Gutters, Paved
  • Topography: Sloped, Solar Oriented, Walkout
  • Special Features: None
  • Property Sub Type: LotsLands

Utilities

  • On Site Utilities: Electric, Natural Gas

Lot Info

  • Lot/Land Description: Corner Lot, Tree Coverage - Light

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 28, 2019
Sold by
Hegrenes Jason and Hegrenes Stefanie
Bought by
Walker Jill M and Walker Matthew J
Current Estimated Value
$1,515,161

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$790,000
Outstanding Balance
$691,110
Interest Rate
3.75%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$824,051

Purchase Details

Listed on
Aug 1, 2012
Closed on
May 15, 2013
Sold by
Americana Communtiy Bank
Bought by
Midboe Matthew and Midboe Michelle
Seller's Agent
Gregory Lawrence
Home Avenue - FSBO
Buyer's Agent
Patricia Williams
Keller Williams Integrity Realty
List Price
$189,000
Sold Price
$180,000
Premium/Discount to List
-$9,000
-4.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.23%
Original Mortgage
$782,973
Interest Rate
3.52%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 1, 2012
Closed on
May 10, 2013
Sold by
Midboe Matthew
Bought by
Hegrenes Jason and Hegrenes Stefanie
Seller's Agent
Gregory Lawrence
Home Avenue - FSBO
Buyer's Agent
Patricia Williams
Keller Williams Integrity Realty
List Price
$189,000
Sold Price
$180,000
Premium/Discount to List
-$9,000
-4.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$782,973
Interest Rate
3.52%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 19, 2010
Sold by
Americana Community Bank
Bought by
Midboe Michelle and Midboe Matthew

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,000
Interest Rate
7%
Mortgage Type
Land Contract Argmt. Of Sale
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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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
Walker Jill M $1,090,000 Edina Realty Title Inc
Midboe Matthew $135,882 Premier Title
Hegrenes Jason $174,705 Premier Title Ins Agency Inc
Midboe Michelle $140,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Walker Jill M $790,000
Previous Owner Hegrenes Jason $782,973
Previous Owner Midboe Michelle $119,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/10/2013 05/10/13 Sold $180,000 -4.8% --
04/04/2013 04/04/13 Pending -- -- --
08/01/2012 08/01/12 For Sale $189,000 -- --
Source: REALTOR® Association of Southern Minnesota

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 $16,954 $1,332,400 $330,000 $1,002,400
2023 $16,030 $1,298,500 $335,000 $963,500
2022 $14,669 $1,215,000 $325,000 $890,000
2021 $14,008 $1,032,000 $310,000 $722,000
2020 $12,859 $983,000 $300,000 $683,000
2019 $13,048 $882,000 $250,000 $632,000
2018 $12,816 $880,000 $250,000 $630,000
2017 $12,916 $856,000 $185,000 $671,000
2016 $12,086 $811,000 $195,000 $616,000
2015 $11,141 $763,000 $160,000 $603,000
2014 -- $140,000 $140,000 $0
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2013

    Gregory Lawrence

    Home Avenue - FSBO

  • P

    Buyer's Agent in 2013

    Patricia Williams

    Keller Williams Integrity Realty

See All Agents

Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 4382503

REALTOR® Association of Southern Minnesota

APN: 25-118-24-41-0010

Minnesota Hennepin County Independence 55359

4850 Deer Ridge Trail, Independence, MN

Not Listed for Sale

Lots

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