NOT LISTED FOR SALE

5516 Tonkawood Rd Mound, MN 55364

Mound Area

Estimated Value: $350,000 - $399,000

4 Beds
2 Baths
1,799 Sq Ft
$210/Sq Ft Est. Value

Sale Details

Date Sold: May 30, 2025

Last sale price $362,500 $202 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $2,365 / mo

12 Days on Market

Highlights

  • Lake View
  • Deck
  • Lower Floor Utility Room
  • Hilltop Primary School Rated A
  • Post and Beam
  • 2 Car Detached Garage

About This Home

As of May 2025

Welcome to a standout property in a prime Mound location—just steps from Belmont Park and a block from Lake Minnetonka’s Harrisons Bay! Own for less than rent, house hacking at its finest! Owner occupied or straight investment options. This flexible 4BR/2BA home offers tons of potential with updated mechanicals, a two-car garage, and separate laundry on both levels. Inside you’ll find a mix of modern
updates and classic charm—stainless appliances, hardwood floors, tile accents, and generous storage
throughout. With a layout ideal for either single-family living or a duplex setup, this home is perfect
for both homeowners and investors. So many possibilities in a location that’s tough to beat!

Last Agent to Sell the Property

Ryan Walseth

Pemberton RE Listed on: 04/17/2025

Last Buyer's Agent

Ali Reda

Pemberton RE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,667

Year Built

  • Built in 1968

Lot Details

  • Lot Dimensions are 60x100
  • Partially Fenced Property
  • Wood Fence
  • Irregular Lot

Parking

  • 2 Car Detached Garage
  • Parking Storage or Cabinetry
  • Common or Shared Parking
  • Garage Door Opener

Home Design

  • Duplex
  • Post and Beam
  • Bi-Level Home
  • Brick Exterior Construction
  • Pillar, Post or Pier Foundation
  • Block Foundation
  • Frame Construction
  • Pitched Roof
  • Wood Siding
  • Fiberglass Siding
  • Block Exterior

Interior Spaces

  • Lower Floor Utility Room
  • Lake Views

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Hall
  • Laundry on main level
  • Washer and Gas Dryer Hookup

Finished Basement

  • Basement Fills Entire Space Under The House
  • Drainage System
  • Block Basement Construction
  • Basement Storage
  • Basement Window Egress

Outdoor Features

  • Deck
  • Front Porch

Utilities

  • Forced Air Heating System
  • 100 Amp Service

Community Details

  • 2 Units
  • Lake Side Park A L Crockers 1St Div Subdivision

Listing and Financial Details

  • The owner pays for all utilities
  • Assessor Parcel Number 1311724320066

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,667

Year Built

Built in 1968

Lot Details

6,098 Sq Ft Lot

Parking

2

Listing Details

  • Type: Residential Income
  • Property Subtype 1: Duplex Up and Down
  • Outside Features: Block, Stone, Fiber Board, Wood
  • Garage Spaces: 2
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Year Built: 1968
  • Above Grade Finished Sq Ft: 928
  • Unit Levels: Split Entry (Bi-Level)
  • New Construction: No
  • FractionalOwnershipYN: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Block, Daylight/Lookout Windows, Drainage System, Egress Window(s), Finished, Full, Posts, Single Tenant Access, Storage/Locker, Storage Space
  • Living Area: 1799
  • Below Grade Finished Sq Ft: 871
  • Owner Pays: All Utilities
  • Basement YN: Yes
  • Amenities: Cable, Ceiling Fan(s), Countertops-Solid Surface, Custom Cabinetry, Deck, Hardwood Floors, Kitchen Window, Main Floor Primary Bedroom, Natural Woodwork, Open Floor Plan, Paneled Doors, Porch, Security Lights, Tile Floors, Washer/Dryer Hookup
  • Appliances: Dishwasher, Disposal, Dryer, Water Heater - Gas, Microwave, Range, Refrigerator, Stainless Steel Appliances, Washer
  • FamilyRoomRoomFeatures: Family Room, Great Room, Main Level
  • Amenities: Built-In Bookcases, Ceiling Fan(s), Countertops-Solid Surface, Kitchen Window, Local Area Network, Natural Woodwork, Paneled Doors, Security System, Tile Floors, Washer/Dryer Hookup
  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer
  • FamilyRoomRoomFeatures: Main Level

Beds/Baths

  • Total Bedrooms: 4

Exterior Features

  • Roof: Age Over 8 Years, Asphalt, Pitched
  • PoolFeatures: None
  • Fencing: Partial, Wood
  • View: City Lights, Lake
  • Foundation Details: Block, Pillar/Post/Pier
  • PatioPorchType: Deck, Front Porch, Porch

Garage/Parking

  • Parking Features: Detached Garage, Asphalt, Garage Door Opener, Shared Garage/Stall, Storage
  • Other Parking Spaces: 2

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • LaundryFeatures: Electric Dryer Hookup, Gas Dryer Hookup, In Hall, Laundry Closet, Lower Level, Laundry Room, Main Level, In Unit, Upper Level, Washer Hookup
  • Electric: 100 Amp Service
  • Fuel: Natural Gas
  • Power Company: Xcel Energy

Schools

  • Junior High Dist: Westonka
  • SchoolDistrictPhone: 9524918001

Lot Info

  • Topography: Level
  • Waterfront YN: No
  • Lot Size: 60x100
  • Land Lease: No
  • Lot Features: Irregular Lot
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Block, Post and Beam, Brick, Concrete, Frame
  • Units Total: 2

Tax Info

  • Tax Year: 2025
  • Assessor Parcel Number: 1311724320066
  • Tax Annual Amount: 3667
  • TaxWithAssessments: 3667

Multi Family

  • TenantPays: None
  • WaterfrontFeatures: Lake View
  • Number Of Refrigerators: Two

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 17, 2025
Closed on
May 20, 2025
Sold by
Bought by
Seller's Agent
Ryan Walseth
Pemberton RE
Buyer's Agent
Ali Reda
Pemberton RE
List Price
$370,000
Sold Price
$362,500
Premium/Discount to List
-$7,500
-2.03%
Views
36
Current Estimated Value
$378,265

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$15,765
Avg. Annual Appreciation
3.80%
Original Mortgage
$290,000
Interest Rate
0.0683%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Oct 20, 2022
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,000
Interest Rate
0.0692%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 5, 2019
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$245,471
Interest Rate
0.0375%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 3, 2010
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,464
Interest Rate
0.0537%
Mortgage Type
FHA

Purchase Details

Closed on
May 15, 2009
Sold by
Bought by

Purchase Details

Closed on
May 14, 2009
Sold by
Bought by

Purchase Details

Closed on
Jul 29, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$193,800
Interest Rate
0.0566%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Apr 12, 2002
Sold by
Bought by

Purchase Details

Closed on
Oct 19, 2000
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$362,500 Legacy Title
$340,000 Edina Realty Title
$250,000 West Title Llc
$140,000 --
$140,000 --
$117,000 --
$228,000 --
$178,000 --
$143,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $290,000
Previous Owner $170,000
Previous Owner $245,471
Previous Owner $188,000
Previous Owner $137,464
Previous Owner $193,800
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
05/30/2025 05/30/25 Sold $362,500 -2.0% $202 / Sq Ft
04/30/2025 04/30/25 Pending -- -- --
04/18/2025 04/18/25 For Sale $370,000 -- $206 / Sq Ft
Source: NorthstarMLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $3,719 $330,500 $78,800 $251,700
2024 $3,667 $334,000 $85,500 $248,500
2023 $3,602 $345,500 $95,000 $250,500
2022 $2,961 $302,000 $81,000 $221,000
2021 $2,947 $237,000 $53,000 $184,000
2020 $2,718 $234,000 $58,000 $176,000
2019 $3,951 $202,000 $53,000 $149,000
2018 $4,376 $199,000 $52,000 $147,000
2017 $4,036 $184,000 $50,000 $134,000
2016 $3,684 $158,000 $45,000 $113,000
2015 $3,901 $153,000 $40,000 $113,000
2014 -- $132,000 $33,000 $99,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6703772

NorthstarMLS

APN: 13-117-24-32-0066

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