NOT LISTED FOR SALE

55 Summit Farm Ln Gem Lake, MN 55110

Estimated Value: $461,000 - $718,000

3 Beds
3 Baths
2,576 Sq Ft
$249/Sq Ft Est. Value

About This Home

This home is located at 55 Summit Farm Ln, Gem Lake, MN 55110 and is currently estimated at $640,275, approximately $248 per square foot. 55 Summit Farm Ln is a home located in Ramsey County with nearby schools including Willow Lane Elementary School, Sunrise Park Middle School, and Gentry Academy High.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 2, 2020
Sold by
Thomas Kenneth A and Thomas Richard Therese
Bought by
Thomas Kenneth A and Thomas Richard Therese
Current Estimated Value
$640,275

Purchase Details

Closed on
Oct 7, 2019
Sold by
Hanson Builders Inc
Bought by
Thomas Kenneth A and Thomas Richard Theresa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$330,000
Outstanding Balance
$291,705
Interest Rate
3.4%
Mortgage Type
New Conventional
Estimated Equity
$348,570
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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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 Kenneth A -- Custom Home Builders Ttl Llc
Thomas Kenneth A $641,236 Custom Home Builders Ttl Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Thomas Kenneth A $330,000
Source: Public Records

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 $10,234 $669,000 $100,000 $569,000
2022 $8,814 $640,000 $100,000 $540,000
2021 $9,374 $567,800 $100,000 $467,800
2020 $1,788 $609,000 $100,000 $509,000
2019 $432 $132,000 $132,000 $0
2018 $0 $34,000 $34,000 $0
Source: Public Records

Map

Minnesota Ramsey County Gem Lake 55110

55 Summit Farm Ln, Gem Lake, MN

This home is located at 55 Summit Farm Ln, Gem Lake, MN 55110 and is currently estimated at $640,275, approximately $248 per square foot. 55 Summit Farm Ln is a home located in Ramsey County with nearby schools including Willow Lane Elementary School, Sunrise Park Middle School, and Gentry Academy High.

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