NOT LISTED FOR SALE

5440 Three Points Blvd Unit 521 Mound, MN 55364

Estimated Value: $201,000 - $246,000

1 Bed
1 Bath
790 Sq Ft
$387/mo HOA Fee

Last Sold August 15, 2023

Last sale price $222,933 $282 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $1,798/month

14 Days on Market

Highlights

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

About This Home

As of August 2023

VERY RARE 1 bedroom condo unit with 1 bathroom and a permanent boat slip on Lake Minnetonka that is licensed with the unit.  The unit is in building #5 of the Seahorse community.  BOAT SLIP #46 INCLUDED with permanent dock and canopy framing (just needs a new canopy canvas installed).  This community is unique where the docks are left in water year round due to the protected waterway they are built in.  Dock fee is $30 per year.  HOA fee is $387 per month which includes heat, A/C, building maintenance, parking, indoor pool, community room, putting greens, grills, guest parking, guest boat docks, and more.  The unit is wonderfully maintained and in great condition, with a screened in porch.  Located on the 2nd floor of the building, unit 521 has some views of the lake and the docks.  Don't miss out on this incredible opportunity to own a place with a dock on the lake!  Rentals are permitted, but there is a waiting list to rent properties in the building.  No cats or dogs allowed.

Last Listed By

Ryan Fischer

RE/MAX Results Listed on: 07/28/2023

RE/MAX Results

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,578

Year Built

  • Built in 1965

Lot Details

  • Lake Front

HOA Fees

  • $387 Monthly HOA Fees

Home Design

  • Flat Roof Shape

Interior Spaces

  • 790 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Lake Views

Kitchen

  • Range
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Primary Bedroom on Main
  • 1 Full Bathroom

Parking

  • Guest Parking
  • Unassigned Parking

Outdoor Features

  • Heated In Ground Pool
  • Beach Access
  • Dock Facilities
  • Shared Waterfront
  • Patio
  • Porch

Utilities

  • Central Air
  • Hot Water Heating System

Listing and Financial Details

  • Assessor Parcel Number 1311724220136

Community Details

Overview

  • Association fees include air conditioning, maintenance structure, dock, hazard insurance, heating, lawn care, ground maintenance, parking, trash, shared amenities, snow removal, water
  • Seahorse Homeowners Assoc Association, Phone Number (612) 865-1666
  • Low-Rise Condominium
  • Condo 0008 Seahorse Condo Subdivision

Amenities

  • Coin Laundry

Recreation

  • Community Indoor Pool

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,578

Year Built

Built in 1965

Lot Details

0

HOA Fees

$387 per month

Listing Details

  • Type: Residential
  • Property Subtype 1: Low Rise
  • Cooling System: Central Air
  • Accessibility Features: No Stairs Internal
  • Water Source: City Water/Connected
  • Association Amenities: Boat Slip, Common Laundry, Coin-op Laundry Owned, Dock, In-Ground Sprinkler System, Lobby Entrance, Patio
  • Fee Frequency: Monthly
  • Year Built: 1965
  • Above Grade Finished Sq Ft: 790
  • 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, Range, Refrigerator
  • Living Area: 790
  • Fireplace: No
  • Basement YN: No
  • Dining Room Type: Living Room, Kitchen, Dining Room, Bedroom 1, Bathroom, Porch
  • SqFtTotal: 790.00
  • Shared Rooms: Amusement/Party Room,Club House,Exercise Room,Other,Play Area

Beds/Baths

  • Full Bathrooms: 1
  • Total Bedrooms: 1

Exterior Features

  • Roof: Flat
  • PoolFeatures: Below Ground, Heated, Indoor, Shared
  • View: Lake
  • PatioPorchType: Awning(s),Deck,Enclosed,Porch,Screened
  • Lake Acres: 14729
  • LakeChain: N

Garage/Parking

  • Parking Features: Asphalt, Guest Parking, Paved, Unassigned
  • Garage Square Feet: 0
  • ParkingOpen: 2

Utilities

  • Heating: Hot Water
  • Sewer: City Sewer/Connected
  • Fuel: Natural Gas

Condo/Co-op/Association

  • HOA Fee Includes: Air Conditioning, Maintenance Structure, Dock, Hazard Insurance, Heating, Lawn Care, Maintenance Grounds, Parking, Trash, Shared Amenities, Snow Removal, Water
  • Phone: 612-865-1666
  • Association Fee: 387
  • Association: Yes
  • Amenities Unit: Balcony,Ceiling Fan(s),Dock,Kitchen Center Island,Main Floor Primary Bedroom,Porch,Boat Slip,Tile Floors,Walk-In Closet

Association/Amenities

  • HOA Management Co: Seahorse Homeowners Assoc

Schools

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

Lot Info

  • Waterfront YN: Yes
  • PropertyAttachedYN: Yes
  • Lot Size: 0
  • Lot Size Sq Ft: 349307.64
  • Land Lease: No
  • Lot Features: Accessible Shoreline, Tree Coverage - Medium
  • Additional Parcels: No
  • Zoning Description: Residential-Multi-Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Brick/Stone, Wood Siding

Tax Info

  • Tax Year: 2023
  • Assessor Parcel Number: 1311724220136
  • Tax Annual Amount: 1578
  • TaxWithAssessments: 1578.0000

Multi Family

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 28, 2023
Closed on
Aug 11, 2023
Sold by
Johnson Beverly E
Bought by
Zahner Lisa and Tengerdy Roberta L
Seller's Agent
Ryan Fischer
RE/MAX Results
Buyer's Agent
NON-RMLS NON-RMLS
Non-MLS
List Price
$230,000
Sold Price
$222,933
Premium/Discount to List
-$7,067
-3.07%
Total Days on Market
14
Views
59
Current Estimated Value
$225,319

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,386
Avg. Annual Appreciation
0.62%

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
Zahner Lisa $222,932 None Listed On Document
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/15/2023 08/15/23 Sold $222,933 -3.1% $282 / Sq Ft
08/12/2023 08/12/23 Pending -- -- --
07/28/2023 07/28/23 For Sale $230,000 -- $291 / 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 $1,943 $203,300 $78,800 $124,500
2022 $1,627 $179,000 $58,000 $121,000
2021 $1,570 $159,000 $50,000 $109,000
2020 $1,414 $154,000 $45,000 $109,000
2019 $1,332 $134,000 $40,000 $94,000
2018 $972 $127,000 $27,000 $100,000
2017 $900 $91,000 $17,000 $74,000
2016 $867 $87,000 $17,000 $70,000
2015 $1,173 $106,000 $19,000 $87,000
2014 -- $90,000 $15,000 $75,000
Source: Public Records

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Source: NorthstarMLS

MLS Number: 6406350

NorthstarMLS

APN: 13-117-24-22-0136