NOT LISTED FOR SALE

5695 5695 Merry Ln Shorewood, MN 55331

Estimated Value: $2,520,000 - $2,910,000

4 Beds
5 Baths
5,270 Sq Ft
$521/Sq Ft Est. Value

Last Sold June 20, 2013

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

Est. 82% increase in value since last sale

Current estimated payment $17,239/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
  • Projected Closed Date: 06/20/2013
  • Stories: 1.25 - 1.75 Story
  • Street Designation: Lane
  • Taxes With Assessments: 23582
  • 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

Schools

  • School District: Minnetonka #276

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
$2,747,239

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
4.42%
Original Mortgage
$700,000
Outstanding Balance
$490,507
Interest Rate
2.7%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$2,074,553

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:

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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
Closed Pettit Thomas F $700,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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
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

This home is located at 5695 5695 Merry Ln, Shorewood, MN 55331 since 18 February 2013 and is currently estimated at $2,747,239, approximately $521 per square foot. This property was built in 2003. 5695 5695 Merry Ln is a home located in Hennepin County with nearby schools including Excelsior Elementary School, Minnetonka West Middle School, and Minnetonka Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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