NOT LISTED FOR SALE

5495 Lost Lake Ln Mound, MN 55364

Estimated Value: $974,000 - $1,181,000

3 Acres
$350,221 Price per Acre
130,680 Sq Ft Lot

Last Sold September 28, 2012

Last sale price $600,000

Est. 75% increase in value since last sale

Current estimated payment $6,804/month

222 Days on Market

Highlights

  • Lake Front
  • 3 Acre Lot
  • Zero Lot Line
  • Shirley Hills Primary School Rated A
  • Agricultural
  • Level Lot

About This Lot

As of September 2012

Rare opportunity for builder or investor to purchase 26 building pads adjacent to the new downtown Mound. Each site has dockage rights on Lake Minnetonka with easy access to Cooks Bay.

Last Agent to Sell the Property

William Coffman

Coldwell Banker Burnet Listed on: 02/13/2012

Last Buyer's Agent

Robert Carlson

Coldwell Banker Burnet

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $10,396

Lot Details

  • 3 Acre Lot
  • Lake Front
  • Level Lot
  • Irregular Lot
  • Finished Lot(s)
  • Zero Lot Line

HOA Fees

  • $340 Monthly HOA Fees

Farming

  • Agricultural

Utilities

  • Phone Available
  • Cable TV Available

Community Details

  • Association fees include exterior maintenance, management, shared amenities, snow removal, trash, lawn care

Property Details

Property Type

Land

Est. Annual Taxes

$10,396

Lot Details

0

HOA Fees

$340 per month

Listing Details

  • Class: Lot/Land
  • Classification: Nonhomestead
  • Sub Type: Agriculture
  • Assessment Balance: 1
  • Potential Short Sale: Undisclosed
  • Projected Closed Date: 10/15/2012
  • Taxes With Assessments: 1
  • Estimated Number of Acres: 3
  • Additional Information: Easements, Platted
  • Development Status: Finished Lot
  • Land Improvements: Curbs/Gutters, Paved, Sidewalk, Private
  • Topography: Level
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • LakeAcres: 14652
  • Waterfront: Yes
  • Waterfront Description: Lake

Utilities

  • On Site Utilities: Cable Tv, City Water, Electric, Natural Gas, Storm Sewer, Telephone

Condo/Co-op/Association

  • HOA Fee Includes: Exterior Maintenance, Management, Shared Amenities, Snow Removal, Trash, Lawn Care
  • Association Fee Frequency: Monthly
  • Association Fee: Yes
  • Association Fee: 340

Schools

  • School District: Westonka #277

Lot Info

  • Lot/Land Description: Irregular Lot, Zero Lot Line

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 6, 2023
Sold by
Frahm Tom Henry and Frahm Michele
Bought by
Thomas H Frahm And Michele K Frahm Revocable and Frahm
Current Estimated Value
$1,050,663

Purchase Details

Closed on
Dec 12, 2022
Sold by
Reynolds Revocable Family Trust
Bought by
Frahm Tom Henry and Frahm Michele

Purchase Details

Closed on
Sep 27, 2019
Sold by
Waterman Kathleen B and Waterman Scott K
Bought by
Reynolds Richard R and Reynolds Sheila K

Purchase Details

Closed on
Jul 8, 2015
Sold by
Lost Lake Homes & Marina Llc
Bought by
Kathleen B Waterman Revocable Trust and Waterman Scott K
Source: Public Records

Range of Values:

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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
Thomas H Frahm And Michele K Frahm Revocable $500 None Listed On Document
Frahm Tom Henry $935,000 --
Reynolds Richard R $725,000 Global Closing & Title Svcs
Kathleen B Waterman Revocable Trust $515,000 Burnet Title
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/28/2012 09/28/12 Sold $600,000 -57.1% --
09/22/2012 09/22/12 Pending -- -- --
02/13/2012 02/13/12 For Sale $1,399,000 -- --
Source: REALTOR® Association of Southern Minnesota

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 $10,396 $906,300 $503,000 $403,300
2022 $9,800 $877,000 $463,000 $414,000
2021 $9,087 $774,000 $418,000 $356,000
2020 $7,228 $722,000 $380,000 $342,000
2019 $6,898 $558,000 $233,000 $325,000
2018 $7,358 $531,000 $200,000 $331,000
2017 $7,500 $535,000 $200,000 $335,000
2016 $7,113 $496,000 $200,000 $296,000
2015 $1,244 $86,000 $36,000 $50,000
2014 -- $45,000 $45,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 3534302

REALTOR® Association of Southern Minnesota

APN: 13-117-24-33-0163