NOT LISTED FOR SALE

5009 Mill Lake Shores Rd SW Farwell, MN 56327

Estimated Value: $659,728 - $730,000

3 Beds
2 Baths
1,814 Sq Ft
$388/Sq Ft Est. Value

Last Sold May 02, 2024

Last sale price $650,000 $358 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $4,042/month

2 Days on Market

Highlights

  • 134 Feet of Waterfront
  • RV Access or Parking
  • No HOA
  • Garfield Elementary School Rated A-
  • Deck
  • 1-Story Property

About This Home

As of May 2024

Welcome to your dream lakefront retreat! This property features breathtaking lake views of Mill Lake and also amazing views of the sunrise and sunset, as this property sits near the end of the Mill Lake peninsula. The spacious lake side yard with 134 feet of lake frontage is perfect for outdoor activities, and a level lot providing easy access to the water. With a 3-car heated garage, there's plenty of space for all of your vehicles and water toys. Inside you'll find a very well cared for home featuring 3 bedrooms and 2 bathrooms, providing ample space for extra guests. The open concept living area is ideal for entertaining, with large Marvin windows framing the picturesque views of the lake. Whether you're relaxing on the expansive deck, enjoying a barbecue in the yard, or taking a dip in the lake, this home offers the perfect blend of indoor and outdoor living. Don't miss out on this rare opportunity to own your slice of paradise on Mill Lake!

Last Agent to Sell the Property

Mandy Rudy

Edina Realty, Inc. Listed on: 03/12/2024

Edina Realty, Inc.

Last Buyer's Agent

Paula Jackson

RE/MAX Results

RE/MAX Results

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,798

Year Built

  • Built in 1990

Lot Details

  • 0.48 Acre Lot
  • Lot Dimensions are 100x165x134x168
  • 134 Feet of Waterfront
  • Lake Front
  • Few Trees

Parking

  • 3 Car Garage
  • Heated Garage
  • RV Access or Parking

Home Design

  • Wood Foundation
  • Cedar

Interior Spaces

  • 1,814 Sq Ft Home
  • 1-Story Property
  • Dining Room

Kitchen

  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Dryer
  • Washer

Basement

  • Drain
  • Crawl Space

Outdoor Features

  • Deck

Utilities

  • Forced Air Heating and Cooling System
  • Propane
  • Well
  • Drilled Well
  • Water Softener is Owned
  • Fuel Tank

Community Details

  • No Home Owners Association
  • West Mill Shores Subdivision

Listing and Financial Details

  • Assessor Parcel Number 180048000

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,798

Year Built

Built in 1990

Lot Details

0

Parking

3

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: Central Air
  • Garage Spaces: 3
  • Accessibility Features: None
  • Water Source: Drilled, Well
  • Year Built: 1990
  • Above Grade Finished Sq Ft: 1814
  • Water Body Name: Mill
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • InternetOptions: Fiber Optic
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Crawl Space, Drain Tiled, Concrete, Wood
  • Appliances: Dishwasher, Dryer, Fuel Tank - Owned, Water Osmosis System, Microwave, Range, Refrigerator, Washer, Water Softener Owned
  • Living Area: 1814
  • Fireplace: No
  • Basement YN: Yes

Beds/Baths

  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Three Quarter Bathrooms: 1

Exterior Features

  • Roof: Age 8 Years or Less, Asphalt
  • View: Lake
  • Other Structures: Storage Shed
  • ConstructionMaterialsDesc: Concrete,Frame
  • PatioPorchType: Deck
  • Lake Bottom: Hard,Sand
  • LakeChain: N
  • Elevation Highpoint to Waterfront Feet: 0-4
  • Waterfront Frontage: 134

Garage/Parking

  • Parking Features: Detached, Concrete, Heated Garage, RV Access/Parking

Utilities

  • Heating: Forced Air
  • Sewer: Mound Septic, Private Sewer
  • Fuel: Propane

Condo/Co-op/Association

  • Association: No
  • Amenities Unit: Ceiling Fan(s),Deck,Dock,Kitchen Center Island,Main Floor Primary Bedroom,Patio,Porch,In-Ground Sprinkler,Washer/Dryer Hookup

Schools

  • Junior High Dist: Alexandria
  • SchoolDistrictPhone: 320-762-2141

Lot Info

  • Waterfront YN: Yes
  • PropertyAttachedYN: No
  • Lot Size: 100x165x134x168
  • Lot Size Sq Ft: 20908.8
  • Land Lease: No
  • Lot Features: Some Trees
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Cedar

Tax Info

  • Tax Year: 2023
  • Assessor Parcel Number: 180048000
  • Tax Annual Amount: 3798
  • TaxWithAssessments: 3798.0000

Multi Family

  • WaterfrontFeatures: Lake Front

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 12, 2024
Closed on
May 2, 2024
Sold by
Harstad Jeffrey and Harstad Lisa
Bought by
Berglin Prescott
Seller's Agent
Mandy Rudy
Edina Realty, Inc.
Buyer's Agent
Paula Jackson
RE/MAX Results
List Price
$665,000
Sold Price
$650,000
Premium/Discount to List
-$15,000
-2.26%
Views
21
Current Estimated Value
$704,682

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$54,682
Avg. Annual Appreciation
5.25%
Original Mortgage
$487,500
Outstanding Balance
$480,651
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
$224,031

Purchase Details

Closed on
May 1, 2018
Sold by
Schroeder William J and Schroeder Karen A
Bought by
Harstad Jeffrey E and Haarstad Lisa R
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Berglin Prescott $650,000 --
Harstad Jeffrey E $451,000 Integrity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Berglin Prescott $487,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/02/2024 05/02/24 Sold $650,000 -2.3% $358 / Sq Ft
03/17/2024 03/17/24 Pending -- -- --
03/15/2024 03/15/24 For Sale $665,000 -- $367 / 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
2025 $3,966 $561,000 $184,900 $376,100
2024 $3,966 $533,200 $182,000 $351,200
2023 $4,070 $511,000 $182,000 $329,000
2022 $3,784 $442,000 $136,500 $305,500
2021 $3,660 $405,100 $136,500 $268,600
2020 $3,580 $377,700 $130,000 $247,700
2019 $3,130 $358,600 $130,000 $228,600
2018 $2,938 $327,000 $117,300 $209,700
2017 $2,660 $286,200 $105,300 $180,900
2016 $2,680 $261,803 $102,141 $159,662
2015 $2,804 $0 $0 $0
2014 -- $261,800 $117,000 $144,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6502667

NorthstarMLS

APN: 18-0048-000