NOT LISTED FOR SALE

5400 Three Points Blvd Unit 313 Mound, MN 55364

Estimated Value: $194,000 - $248,000

2 Beds
1 Bath
980 Sq Ft
$450/mo HOA Fee

Last Sold May 19, 2023

Last sale price $186,000 $190 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $1,826/month

29 Days on Market

Highlights

  • Lake Front
  • Beach Access
  • Sauna
  • Hilltop Primary School Rated A
  • Heated In Ground Pool
  • 349,308 Sq Ft lot

About This Home

As of May 2023

Get your boat on Lake Minnetonka THIS summer! Beautiful Seahorse condo that has been remodeled from top to bottom. Gorgeous finishes and colors. Nothing to do but move in and enjoy resort style amenities on Lake Minnetonka. Second bedroom has a view of Jennings Bay! Association dues cover most of your utility expenses. Heat, AC, water, sewer, garbage and outside maintenance. Seahorse has some of the most beautiful lake front grounds on Lake Minnetonka. Gorgeous common areas with grills, pavers, putting green, tables, fountain and views of Lake Minnetonka. Large indoor, heated pool, sauna, exercise and newly renovated party room (summer 2023) for your use. Seller is offering use of a 32 foot, covered boat slip for 2023 season with purchase of condo. Boat slips can be rented from other owners of complex. No pets allowed and rental restrictions apply with association guidelines.

Last Agent to Sell the Property

Rhonda Pahl

Shortlist Properties LLC Listed on: 04/13/2023

Last Buyer's Agent

Rhonda Pahl

Shortlist Properties LLC Listed on: 04/13/2023

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,684

Year Built

  • Built in 1965

Lot Details

  • Lake Front

HOA Fees

  • $450 Monthly HOA Fees

Home Design

  • Flat Roof Shape
  • Tar and Gravel Roof
  • Shake Siding

Interior Spaces

  • 980 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Dining Room
  • Sauna
  • Lake Views

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Home Security

Outdoor Features

  • Heated In Ground Pool
  • Beach Access
  • Shared Waterfront

Utilities

  • Central Air
  • Baseboard Heating
  • Boiler Heating System

Listing and Financial Details

  • Assessor Parcel Number 1311724220096

Community Details

Overview

  • Association fees include air conditioning, hazard insurance, heating, lawn care, ground maintenance, security, shared amenities, snow removal, water
  • Seahorse Condominium Association, Phone Number (612) 865-1664
  • Low-Rise Condominium
  • Condo 0008 Seahorse Condo Subdivision

Amenities

  • Community Garden
  • Coin Laundry

Recreation

  • Community Indoor Pool

Security

  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,684

Year Built

Built in 1965

Lot Details

0

HOA Fees

$450 per month

Listing Details

  • Type: Residential
  • Property Subtype 1: Low Rise
  • Cooling System: Central Air
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Association Amenities: Laundry, Coin-op Laundry Owned, Common Garden, Fire Sprinkler System, In-Ground Sprinkler System, Lobby Entrance, Sauna, Security
  • Fee Frequency: Monthly
  • Year Built: 1965
  • Above Grade Finished Sq Ft: 980
  • Water Body Name: Minnetonka
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Basement: None
  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Stainless Steel Appliances, Washer
  • Living Area: 980
  • Basement YN: No
  • Dining Room Type: Living Room, Bedroom 1, Bedroom 2, Dining Room, Kitchen
  • Shared Rooms: Amusement/Party Room,Exercise Room

Beds/Baths

  • Full Bathrooms: 1
  • Total Bedrooms: 2

Exterior Features

  • Roof: Age Over 8 Years, Rolled/Hot Mop, Flat, Tar/Gravel
  • PoolFeatures: Below Ground, Heated, Indoor, Shared
  • Fencing: None
  • View: Bay
  • Lake Acres: 14205
  • Lake Bottom: Sand
  • LakeChain: N
  • Elevation Highpoint to Waterfront Feet: 0-4

Garage/Parking

  • Parking Features: Asphalt, Shared Driveway

Utilities

  • Heating: Baseboard, Boiler
  • Sewer: City Sewer/Connected
  • Electric: Circuit Breakers
  • Fuel: Natural Gas

Condo/Co-op/Association

  • HOA Fee Includes: Air Conditioning, Hazard Insurance, Heating, Lawn Care, Maintenance Grounds, Security, Shared Amenities, Snow Removal, Water
  • Phone: 612-865-1664
  • Association Fee: 450
  • Association: Yes
  • Amenities Unit: Exercise Room,Intercom System,Main Floor Primary Bedroom,Paneled Doors,Sauna,In-Ground Sprinkler,Tile Floors,Washer/Dryer Hookup

Association/Amenities

  • HOA Management Co: Seahorse Condominium

Schools

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

Lot Info

  • Waterfront YN: Yes
  • PropertyAttachedYN: Yes
  • Lot Size: Common
  • Lot Size Sq Ft: 349307.64
  • Land Lease: No
  • Lot Features: Accessible Shoreline, Many Trees
  • Additional Parcels: No
  • Zoning Description: Residential-Multi-Family,Shoreline
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Brick/Stone, Shake Siding

Tax Info

  • Tax Year: 2023
  • Assessor Parcel Number: 1311724220096
  • Tax Annual Amount: 1684
  • TaxWithAssessments: 1684.0000

Multi Family

  • WaterfrontFeatures: Dock, Lake Front, Lake View, Shared

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 13, 2023
Closed on
May 19, 2023
Sold by
Welch Steven and Welch Susan
Bought by
Flasch Family Revocable Trust
Seller's Agent
Rhonda Pahl
Shortlist Properties LLC
Buyer's Agent
Rhonda Pahl
Shortlist Properties LLC
List Price
$189,900
Sold Price
$186,000
Premium/Discount to List
-$3,900
-2.05%
Views
165
Current Estimated Value
$218,884

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$32,884
Avg. Annual Appreciation
5.92%
Original Mortgage
$130,000
Outstanding Balance
$123,672
Interest Rate
6.28%
Mortgage Type
New Conventional
Estimated Equity
$87,550

Purchase Details

Closed on
Jan 19, 2021
Sold by
Ailes Mackenzie
Bought by
Welch Steven and Welch Susan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
2.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 26, 2020
Sold by
West Edge Investments Llc
Bought by
Ailes Mackenzie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,560
Interest Rate
3.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 22, 2019
Sold by
Xceptional Investments Inc
Bought by
West Edge Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$98,400
Interest Rate
4.2%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 8, 2013
Sold by
Anderson Sandra K
Bought by
Wells Fargo Bank Na
Source: Public Records

Range of Values:

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Average Value
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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
Flasch Family Revocable Trust $186,000 Executive Associates Title
Welch Steven $170,000 Watermark Title Agency
Ailes Mackenzie $169,000 All American Title Co
West Edge Investments Llc $123,000 The Title Group Inc
Xceptional Investments Inc $107,500 The Title Group Inc
Wells Fargo Bank Na $60,860 None Available
Welch Steven Steven $170,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Flasch Family Revocable Trust $130,000
Previous Owner Welch Steven $120,000
Previous Owner Ailes Mackenzie $160,560
Previous Owner West Edge Investments Llc $98,400
Closed Welch Steven Steven $120,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/19/2023 05/19/23 Sold $186,000 -2.1% $190 / Sq Ft
05/13/2023 05/13/23 Pending -- -- --
04/14/2023 04/14/23 For Sale $189,900 -- $194 / 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 $1,998 $208,200 $52,500 $155,700
2022 $1,640 $189,000 $39,000 $150,000
2021 $1,634 $160,000 $33,000 $127,000
2020 $731 $159,000 $30,000 $129,000
2019 $667 $84,000 $20,000 $64,000
2018 $516 $79,000 $24,000 $55,000
2017 $489 $55,000 $15,000 $40,000
2016 $504 $55,000 $15,000 $40,000
2015 $621 $67,000 $17,000 $50,000
2014 -- $50,000 $14,000 $36,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6354875

NorthstarMLS

APN: 13-117-24-22-0096