NOT LISTED FOR SALE

5540 Pete Dr Maple Plain, MN 55359

Estimated Value: $250,000 - $1,333,000

6 Acres
$124,761 Price per Acre
242,629 Sq Ft Lot

Last Sold January 12, 2023

Last sale price $275,000

Est. 153% increase in value since last sale

Current estimated payment $4,038/month

31 Days on Market

Highlights

  • Lake View
  • Delano Elementary School Rated A
  • No HOA

About This Lot

As of January 2023

Welcome to 5540 Pete Dr. This Open-Build lot with SE long views of Lake Independence allows you to buy it and build NOW or LATER plus use YOUR OWN builder or consider one we recommend. Homesite atop the gently rolling hill is a perfect setting overlooking the nearby private pond while overlooking Lake Independence on the other side. Dead-end street is the ideal private setting you're seeking for a Custom Home. Delano School District or open-enroll into Orono School District (check district for enrollment details). Drive-bys welcome but please notify the listing agent or have your own agent do so before you walk it. This holiday season make the BEST Xmas present be to YOURSELF and treat yourself to the FUTURE HOME-SITE of your dreams :)

Last Agent to Sell the Property

Donavon DesMarais

Keller Williams Premier Realty Lake Minnetonka Listed on: 10/30/2022

Keller Williams Premier Realty Lake Minnetonka

Last Buyer's Agent

Andrew Spilseth

Compass

Compass

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,529

Lot Details

  • Street terminates at a dead end
  • Finished Lot(s)

Property Views

  • Lake Views

Community Details

  • No Home Owners Association
  • Schefers Hills Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1211824320006

Property Details

Property Type

Land

Est. Annual Taxes

$1,529

Lot Details

0

Listing Details

  • Type: Land
  • Development Status: Finished Lot(s)
  • Water Body Name: Independence
  • FractionalOwnershipYN: No
  • Rental License?: No
  • BuilderRestrict: Open
  • Improvements: Paved Streets
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Inclusions: For Sale Sign,Soil Test Available,Survey,Torrens

Exterior Features

  • View: East, Panoramic, South
  • Lake Acres: 832
  • LakeChain: N

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Phone Available

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Delano
  • SchoolDistrictNumber: 879
  • SchoolDistrictPhone: 763-972-3365

Lot Info

  • Topography: Gently Rolling,High Ground,Rolling,Walkout
  • Waterfront YN: No
  • Lot Size: Lengthy..see survey for dimensions
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Lot,Residential-Single Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: Unknown

Tax Info

  • Tax Year: 2022
  • Assessor Parcel Number: 1211824320006
  • Tax Annual Amount: 1529
  • TaxWithAssessments: 1529.0000
  • TaxableAcres: 5.570

Multi Family

  • WaterfrontFeatures: Lake View

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 30, 2022
Closed on
Mar 2, 2023
Sold by
Druk Thomas and Druk Nicolette
Bought by
Druk Timothy and Druk Julie
Seller's Agent
Donavon DesMarais
Keller Williams Premier Realty Lake Minnetonka
Buyer's Agent
Andrew Spilseth
Compass
List Price
$299,000
Sold Price
$275,000
Premium/Discount to List
-$24,000
-8.03%
Current Estimated Value
$694,921

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$419,921
Avg. Annual Appreciation
19.85%
Original Mortgage
$400,000
Outstanding Balance
$389,708
Interest Rate
6.15%
Mortgage Type
New Conventional
Estimated Equity
$39,591

Purchase Details

Listed on
Oct 30, 2022
Closed on
Jan 12, 2023
Sold by
Hanson Edward Bezoier and Hanson Tiffany Herbstri
Bought by
Druk Thomas and Druk Nicolette
Seller's Agent
Donavon DesMarais
Keller Williams Premier Realty Lake Minnetonka
Buyer's Agent
Andrew Spilseth
Compass
List Price
$299,000
Sold Price
$275,000
Premium/Discount to List
-$24,000
-8.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Outstanding Balance
$389,708
Interest Rate
6.15%
Mortgage Type
New Conventional
Estimated Equity
$39,591
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
Druk Timothy $500 --
Druk Thomas $275,000 Minnesota Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Druk Timothy $400,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/12/2023 01/12/23 Sold $275,000 -4.8% --
11/29/2022 11/29/22 Pending -- -- --
11/12/2022 11/12/22 Price Changed $289,000 -3.3% --
10/29/2022 10/29/22 For Sale $299,000 -- --
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 $2,182 $208,000 $208,000 $0
2022 $1,529 $193,000 $193,000 $0
2021 $0 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Donavon DesMarais

    Seller's Agent in 2023

    Donavon DesMarais

    Keller Williams Premier Realty Lake Minnetonka

    (612) 548-4395

    7 in this area

    162 Total Sales

    Donavon DesMarais
    Section Image
  • Andrew Spilseth

    Buyer's Agent in 2023

    Andrew Spilseth

    Compass

    (612) 396-2951

    6 in this area

    157 Total Sales

    Andrew Spilseth
    Section Image
See All Agents

Map

Source: NorthstarMLS

MLS Number: 6303613

NorthstarMLS

APN: 12-118-24-32-0006

Minnesota Hennepin County Maple Plain 55359

5540 Pete Dr, Maple Plain, MN

This home is located at 5540 Pete Dr, Maple Plain, MN 55359 since 30 October 2022 and is currently estimated at $694,921. 5540 Pete Dr is a home located in Hennepin County with nearby schools including Delano Elementary School, Delano Middle School, and Delano Senior High School.

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