NOT LISTED FOR SALE

5695 5695 Merry Ln Shorewood, MN 55331

Estimated Value: $2,477,000 - $2,825,000

4 Beds
5 Baths
5,270 Sq Ft
$499/Sq Ft Est. Value

Last Sold June 20, 2013

Last sale price $1,510,000 $287 Per Sq Ft

Est. 74% increase in value since last sale

Current estimated payment $16,736/month

31 Days on Market

Highlights

  • 220 Feet of Waterfront
  • Docks
  • Deck
  • Excelsior Elementary School Rated A
  • 1.34 Acre Lot
  • Property is near public transit

About This Home

As of June 2013

Custom built Keith Waters home on over an acre of SE facing lakeshore. Quality, details & space for all! Inside open, airy w/great views. North facing artist studio. Gentle slope over wonderful landscaped yard to gazebo & sandy shore. Best of Christmas Lk

Last Agent to Sell the Property

Nancy Arneson

Edina Realty, Inc. Listed on: 02/18/2013

Last Buyer's Agent

Diane Bloem

Coldwell Banker Burnet

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $23,582

Year Built

  • Built in 2003

Lot Details

  • 1.34 Acre Lot
  • 220 Feet of Waterfront
  • Lake Front
  • Cul-De-Sac
  • Irregular Lot
  • Sprinkler System
  • Landscaped with Trees

Home Design

  • Brick Exterior Construction
  • Asphalt Shingled Roof
  • Stucco Exterior

Interior Spaces

  • Woodwork
  • Vaulted Ceiling
  • Ceiling Fan
  • Skylights
  • Gas Fireplace
  • Formal Dining Room
  • Tile Flooring
  • Home Security System
  • Washer and Dryer Hookup

Kitchen

  • Breakfast Area or Nook
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • Primary Bathroom is a Full Bathroom
  • Bathroom on Main Level
  • Whirlpool Bathtub
  • Bathtub With Separate Shower Stall

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Sump Pump
  • Drain
  • Block Basement Construction
  • Finished Basement Bathroom
  • Basement Window Egress

Parking

  • 3 Car Attached Garage
  • Driveway

Outdoor Features

  • Docks
  • Balcony
  • Deck
  • Patio

Utilities

  • Forced Air Heating and Cooling System
  • Furnace Humidifier
  • Private Water Source
  • Water Softener Leased

Additional Features

  • Air Exchanger
  • Property is near public transit

Listing and Financial Details

  • Assessor Parcel Number 3511723130041

Home Details

Home Type

Single Family

Est. Annual Taxes

$23,582

Year Built

Built in 2003

Lot Details

0

Listing Details

  • Type: Single Family
  • Class: SINGLE FAMILY
  • Classification: Homestead
  • Amenities: Ceiling Fans, Natural Woodwork, Security System, Skylight, Tiled Floors, Vaulted Ceilings, Walk-In Closet, Washer/Dryer Hookups
  • Amenities Exterior: Balcony, Deck, Dock, Driveway - Asphalt, Inground Sprinkler System, Patio
  • Estimated Number of Acres: 1.34
  • Construction: Previously Owned
  • Foundation Size: 2930
  • Mechanicals: Air to Air Exchange, Furnace Humidifier, Water Softener-Rented
  • Parcel Number: 3511723130041
  • Stories: 1.25 - 1.75 Story
  • Street Designation: Lane
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Dining Room: Breakfast Nook, Formal Dining Room
  • Fireplace: Yes
  • Fireplace Type: Gas
  • Appliances: Dishwasher, Disposal, Microwave, Range/Stove, Refrigerator
  • Total Bedrooms: 4
  • Bathroom Description: 3/4 Basement, Full Basement, Full Master, Main Floor 1/2 Bath, Main Floor Full Bath, Private Master, Separate Tub & Shower, Two Basement Baths, Upper Level Bath, Whirlpool
  • Total Bathrooms: 5
  • Half Bathrooms: 2
  • Three Quarter Bathrooms: 1
  • Full Bathrooms: 2
  • Total Bathrooms: 5
  • Room 1: Living Room, 21x16, On Level: Main
  • Room 2: Dining Room, 13x12, On Level: Main
  • Room 3: Family Room, 35x15, On Level: Lower
  • Room 4: Kitchen, 18x16, On Level: Main
  • Room 5: Bedroom, 14x14, On Level: Main
  • Room 6: Bedroom, 14x16, On Level: Lower
  • Room 7: 13x12, On Level: Lower
  • Room 8: Bedroom, 13x11, On Level: Lower
  • Room 9: Other, 20x18, On Level: Upper
  • Room 10: Den/Office, 13x10, On Level: Main
  • Room 11: Porch, 14x13, On Level: Main
  • Room 12: Other, 31x12, On Level: Lower
  • Room 13: Dining Room, 12x10, On Level: Main
  • Basement Features: Drainage System, Egress Windows, Finished, Sump Pump, Walkout
  • Basement Material: Concrete Block
  • Basement Style: Full, Walk-out
  • Finished Above Grade Sq Ft: 3590
  • Below Grade Finished Sq Ft: 1680
  • Total Fin Square Footage: 5270

Exterior Features

  • Frontage Road: City
  • LakeAcres: 271
  • Waterfront Name: Christmas
  • Exterior: Brick, Stucco
  • Roof: Asphalt Shingles
  • Waterfront: Yes
  • Water Frontage: 220
  • Waterfront Description: Lake

Garage/Parking

  • Garage Type: Attached
  • Garage Capacity: 3

Utilities

  • Cooling: Central
  • Fuel: Natural Gas
  • Heat: Forced Air
  • Sewer: City
  • Water: Private

Lot Info

  • Estimated Lot Dimensions: irregular
  • Lot/Land Description: Cul De Sac, Irregular Lot, Pub. Trans (w/in 6 blks), Tree Coverage - Medium

Building Info

  • Year Built: 2003

Tax Info

  • Year: 2012
  • Tax Value: 23582

MLS Schools

  • School District: Minnetonka #276

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 26, 2015
Sold by
Pettit Thomas F and Pettit Anne M
Bought by
Anne M Pettit Revocalbe Trust
Current Estimated Value
$2,629,656

Purchase Details

Listed on
Feb 18, 2013
Closed on
Jun 12, 2013
Sold by
Petersen Karen I
Bought by
Pettit Thomas F and Pettit Anne M
Seller's Agent
Nancy Arneson
Edina Realty, Inc.
Buyer's Agent
Diane Bloem
Coldwell Banker Burnet
List Price
$1,589,000
Sold Price
$1,510,000
Premium/Discount to List
-$79,000
-4.97%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.54%
Original Mortgage
$700,000
Outstanding Balance
$480,035
Interest Rate
2.7%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$2,149,621

Purchase Details

Closed on
Aug 3, 2000
Sold by
Anderson Steven J and Anderson Ann Marie
Bought by
Petersen Karen I

Purchase Details

Closed on
Mar 24, 2000
Sold by
Keith Waters & Associates Inc
Bought by
Anderson Steven J and Anderson Ann Marie
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Anne M Pettit Revocalbe Trust -- Attorney
Pettit Thomas F $1,465,588 None Available
Petersen Karen I $400,000 --
Anderson Steven J $375,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pettit Thomas F $700,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/20/2013 06/20/13 Sold $1,510,000 -5.0% $287 / Sq Ft
03/21/2013 03/21/13 Pending -- -- --
02/18/2013 02/18/13 For Sale $1,589,000 -- $302 / Sq Ft
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
2024 $34,851 $2,588,800 $1,605,300 $983,500
2023 $32,769 $2,549,400 $1,707,200 $842,200
2022 $29,125 $2,467,000 $1,640,000 $827,000
2021 $27,916 $2,004,000 $1,323,000 $681,000
2020 $29,145 $1,909,000 $1,236,000 $673,000
2019 $27,611 $1,899,000 $1,236,000 $663,000
2018 $27,755 $1,792,000 $1,145,000 $647,000
2017 $27,651 $1,766,000 $1,065,000 $701,000
2016 $25,050 $1,580,000 $959,000 $621,000
2015 $23,703 $1,490,000 $869,000 $621,000
2014 -- $1,341,000 $738,000 $603,000
Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2013

    Nancy Arneson

    Edina Realty, Inc.

  • D

    Buyer's Agent in 2013

    Diane Bloem

    Coldwell Banker Burnet

See All Agents

Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 4441076

REALTOR® Association of Southern Minnesota

APN: 35-117-23-13-0041

Minnesota Hennepin County Shorewood 55331

5695 5695 Merry Ln, Shorewood, MN

Not Listed for Sale

Detached

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