NOT LISTED FOR SALE

5328 Spring Ln Minnetonka, MN 55345

Estimated Value: $221,000 - $717,460

0.51 Acre
$986,990 Price per Acre
22,216 Sq Ft Lot

Last Sold June 14, 2023

Last sale price $240,000

Est. 110% increase in value since last sale

Current estimated payment $3,066/month

118 Days on Market

About This Lot

As of June 2023

Build your dream home on this beautiful lot in award winning Minnetonka School District. Great location close to Purgatory Park. Bring your own builder!

Last Agent to Sell the Property

Nicole Stone

RE/MAX Results Listed on: 01/31/2023

RE/MAX Results

Last Buyer's Agent

Emily Wendt

Real Broker, LLC

Real Broker, LLC

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $3,888

Lot Details

Community Details

  • No Home Owners Association
  • Saville Farms Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2911722330039

Property Details

Property Type

Land

Est. Annual Taxes

$3,888

Lot Details

0

Listing Details

  • Type: Land
  • Development Status: Raw Land
  • FractionalOwnershipYN: No
  • Rental License?: No
  • BuilderRestrict: Open
  • Improvements: None
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Inclusions: None

Utilities

  • Utilities: None Connected, Electricity Available, Natural Gas Available, Sewer Available, Water Available

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Minnetonka
  • SchoolDistrictNumber: 276
  • SchoolDistrictPhone: 952-401-5000

Lot Info

  • Topography: Other
  • Lot Size: IRREGULAR
  • Land Lease: No
  • Lot Features: Tree Coverage - Medium
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No

Tax Info

  • Tax Year: 2023
  • Assessor Parcel Number: 2911722330039
  • Tax Annual Amount: 3888
  • TaxWithAssessments: 3888.0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 31, 2023
Closed on
Jun 12, 2023
Sold by
Ccmf1 Llc
Bought by
Wendt Jesse Robert and Wendt Emily Ellen
Seller's Agent
Nicole Stone
RE/MAX Results
Buyer's Agent
Emily Wendt
Real Broker, LLC
List Price
$299,900
Sold Price
$240,000
Premium/Discount to List
-$59,900
-19.97%
Views
40
Current Estimated Value
$503,365

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$263,365
Avg. Annual Appreciation
35.47%

Purchase Details

Closed on
May 27, 2022
Sold by
Capital Development Llc
Bought by
Ccm Finance Llc

Purchase Details

Closed on
May 24, 2022
Sold by
Capital Development Llc
Bought by
Ccm Finance Llc

Purchase Details

Closed on
Jul 26, 2019
Sold by
Lake West Development Llc
Bought by
Capital Development Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$588,502
Interest Rate
3.82%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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ICE

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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
Wendt Jesse Robert $240,000 All American Title
Ccm Finance Llc $588,502 Gdo Law
Ccm Finance Llc $588,502 Gdo Law
Capital Development Llc $309,000 Land Title Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Capital Development Llc $588,502
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/14/2023 06/14/23 Sold $240,000 -12.7% --
05/29/2023 05/29/23 Pending -- -- --
05/03/2023 05/03/23 Price Changed $275,000 -8.3% --
01/31/2023 01/31/23 For Sale $299,900 -- --
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
2024 $4,759 $371,000 $225,500 $145,500
2023 $3,869 $259,600 $259,600 $0
2022 $3,881 $259,600 $259,600 $0
2021 $3,888 $236,000 $236,000 $0
2020 $2,764 $236,000 $236,000 $0
2019 $2,216 $161,700 $161,700 $0
2018 $1,300 $129,300 $129,300 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6324820

NorthstarMLS

APN: 29-117-22-33-0039