$822,000
SOLD OCT 17, 2024

4877 Island View Dr Mound, MN 55364

2 Beds
1 Bath
905 Sq Ft
7,841 Sq Ft Lot

Recently Sold

$908 Per Sq Ft

13% Below List Price

122 Days on Market

Highlights

  • 79 Feet of Waterfront
  • No HOA
  • Eat-In Kitchen
  • Shirley Hills Primary School Rated A
  • Stainless Steel Appliances
  • 1-Story Property

About This Home

As of October 2024

Nestled on the "Island" with picturesque south-facing sunsets, this home boasts a prime location on Phelps Bay. This property offers the chance and creative freedom to either embrace a cozy cabin lifestyle or build the lake home you've always dreamed of. Additionally, it includes the rare opportunity to have your own storage shed at the water's edge.

Last Agent to Sell the Property

Kelli Gillispie

Realty Executives Associates Brokerage Phone: 507-382-2191 Listed on: 04/09/2024

Realty Executives Associates

Last Buyer's Agent

Gino Villella

eXp Realty

eXp Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,316

Year Built

  • Built in 1930

Lot Details

  • 7,841 Sq Ft Lot
  • Lot Dimensions are 79x100
  • 79 Feet of Waterfront
  • Lake Front

Parking

  • 2 Car Garage
  • Garage Door Opener

Interior Spaces

  • 1-Story Property
  • Family Room with Fireplace
  • Dryer

Kitchen

  • Eat-In Kitchen
  • Range
  • Microwave
  • Stainless Steel Appliances

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Finished Basement

  • Walk-Out Basement
  • Basement Storage

Utilities

  • Boiler Heating System
  • 100 Amp Service

Community Details

  • No Home Owners Association
  • Devon Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2511724110041

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,316

Year Built

Built in 1930

Lot Details

0

Parking

2

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: Wall Unit(s)
  • Garage Spaces: 2
  • Accessibility Features: None
  • Fireplaces: 1
  • Water Source: City Water - In Street
  • Year Built: 1930
  • Above Grade Finished Sq Ft: 608
  • Water Body Name: Minnetonka
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Attribution Contact: 507-382-2191
  • Attribution Contact: 507-382-2191
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Block, Finished, Storage Space, Walkout
  • Appliances: Dryer, Gas Water Heater, Microwave, Range, Refrigerator, Stainless Steel Appliances, Water Softener Owned
  • Fireplace Features: Family Room, Gas
  • Living Area: 905
  • Fireplace: Yes
  • Below Grade Finished Sq Ft: 297
  • Basement YN: Yes
  • Dining Room Type: Family Room, Kitchen, Bedroom 1, Bedroom 2

Beds/Baths

  • Full Bathrooms: 1
  • Total Bedrooms: 2

Exterior Features

  • Roof: Age Over 8 Years, Asphalt
  • ConstructionMaterialsDesc: Block
  • PatioPorchType: Deck,Patio
  • Lake Acres: 14205
  • LakeChain: N
  • Waterfront Frontage: 79

Garage/Parking

  • Parking Features: Detached, Asphalt, Garage Door Opener
  • Garage Square Feet: 484

Utilities

  • Heating: Boiler
  • Sewer: City Sewer - In Street
  • Electric: 100 Amp Service
  • Fuel: Natural Gas
  • Power Company: Xcel Energy

Condo/Co-op/Association

  • Association: No
  • Amenities Unit: Ceiling Fan(s),Deck,Dock,Hardwood Floors,Kitchen Center Island,Natural Woodwork,Patio,Paneled Doors,Panoramic View,Boat Slip,Tile Floors,Washer/Dryer Hookup

Schools

  • Junior High Dist: Westonka
  • SchoolDistrictNumber: 277
  • SchoolDistrictPhone: 952-491-8001

Lot Info

  • Waterfront YN: Yes
  • PropertyAttachedYN: No
  • Lot Size: 79x100
  • Lot Size Sq Ft: 7840.8
  • Land Lease: No
  • Lot Features: Many Trees
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Wood Siding

Tax Info

  • Tax Year: 2023
  • Assessor Parcel Number: 2511724110041
  • Tax Annual Amount: 13316
  • TaxWithAssessments: 13316.0000

Multi Family

  • WaterfrontFeatures: Lake Front

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 3, 2025
Sold by
Stewart Christopher D
Bought by
Wright Team Properties Llc
Current Estimated Value
$836,491

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Outstanding Balance
$648,331
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$188,615

Purchase Details

Listed on
Apr 9, 2024
Closed on
Oct 17, 2024
Sold by
Gerstner Collins
Bought by
Stewart Christopher
Seller's Agent
Kelli Gillispie
Realty Executives Associates
Buyer's Agent
Gino Villella
eXp Realty
List Price
$947,000
Sold Price
$822,000
Premium/Discount to List
-$125,000
-13.2%
Views
62

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.73%

Purchase Details

Listed on
Apr 9, 2024
Closed on
Oct 10, 2024
Sold by
Gerstner Collins P
Bought by
Stewart Christopher D
Seller's Agent
Kelli Gillispie
Realty Executives Associates
Buyer's Agent
Gino Villella
eXp Realty
List Price
$947,000
Sold Price
$822,000
Premium/Discount to List
-$125,000
-13.2%
Views
62

Purchase Details

Closed on
Mar 27, 1997
Sold by
Hupp James R
Bought by
Gerstner Collins P
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $832,000 West Title
Deed $922,069 --
Warranty Deed $922,067 Executive Associates Title
Warranty Deed $162,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $650,000 New Conventional
Previous Owner $500,000 Credit Line Revolving
Previous Owner $228,285 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/17/2024 10/17/24 Sold $822,000 -5.8% $908 / Sq Ft
08/19/2024 08/19/24 Pending -- -- --
08/15/2024 08/15/24 Price Changed $873,000 -2.7% $965 / Sq Ft
05/29/2024 05/29/24 Price Changed $897,000 -5.3% $991 / Sq Ft
04/19/2024 04/19/24 For Sale $947,000 -- $1,046 / 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 $13,316 $1,135,300 $1,120,300 $15,000
2022 $8,523 $981,000 $966,000 $15,000
2021 $8,453 $685,000 $670,000 $15,000
2020 $7,074 $678,000 $663,000 $15,000
2019 $6,052 $548,000 $533,000 $15,000
2018 $5,801 $472,000 $457,000 $15,000
2017 $5,651 $409,000 $393,000 $16,000
2016 $5,608 $391,000 $378,000 $13,000
2015 $5,656 $391,000 $378,000 $13,000
2014 -- $383,000 $370,000 $13,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6516562

NorthstarMLS

APN: 25-117-24-11-0041