NOT LISTED FOR SALE

587 Cedarleaf Point Mahtomedi, MN 55115

Estimated Value: $930,000 - $1,222,564

0.47 Acre
$2,331,683 Price per Acre
20,473 Sq Ft Lot

Last Sold September 08, 2023

Last sale price $345,000

Est. 218% increase in value since last sale

Current estimated payment $6,237/month

89 Days on Market

Highlights

  • Lake Front
  • O.H. Anderson Elementary School Rated A
  • No HOA

About This Lot

As of September 2023

This home is located at 587 Cedarleaf Point, Mahtomedi, MN 55115 since 02 May 2023 and is currently estimated at $1,095,891. 587 Cedarleaf Point is a home located in Washington County with nearby schools including O.H. Anderson Elementary School, Wildwood Elementary School, and Mahtomedi Middle School.

Last Agent to Sell the Property

Shawn Wilson

POP Realty MN Listed on: 05/02/2023

Co-Listed By

Joseph Walsh

POP Realty MN

Last Buyer's Agent

David Frosch

Michael Lee, Inc.

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $4,522

Lot Details

  • Lake Front
  • Finished Lot(s)

Community Details

  • No Home Owners Association
  • Cedarleaf Point Subdivision

Listing and Financial Details

  • Assessor Parcel Number 3103021130042

Property Details

Property Type

Land

Est. Annual Taxes

$4,522

Lot Details

0

Listing Details

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

Interior Features

  • Inclusions: Survey

Exterior Features

  • Lake Acres: 25
  • LakeChain: N

Utilities

  • Utilities: None Connected, Electricity Available, Sewer Available, Underground Utilities Available, Water Available

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Mahtomedi
  • SchoolDistrictNumber: 832
  • SchoolDistrictPhone: 651-407-2001

Lot Info

  • Topography: Gently Rolling,High Ground
  • Waterfront YN: Yes
  • Lot Size: Irregular
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: Unknown

Tax Info

  • Tax Year: 2023
  • Assessor Parcel Number: 3103021130042
  • Tax Annual Amount: 4522
  • TaxWithAssessments: 4522.0000

Multi Family

  • WaterfrontFeatures: Lake Front

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 22, 2023
Sold by
Kootenia Homes Llc
Bought by
Mcnamara John and Mcnamara Yekaterina
Current Estimated Value
$1,095,891

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,000
Outstanding Balance
$334,148
Interest Rate
7.57%
Mortgage Type
New Conventional
Estimated Equity
$761,743

Purchase Details

Closed on
Nov 13, 2023
Sold by
Kootenia Homes Llc
Bought by
Mcnamara John T and Mcnamara Yekaterina Nazaryants

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,000
Outstanding Balance
$334,148
Interest Rate
7.57%
Mortgage Type
New Conventional
Estimated Equity
$761,743

Purchase Details

Listed on
May 2, 2023
Closed on
Sep 8, 2023
Sold by
Wilson Kenneth and Wilson Shannon
Bought by
Kootenia Homes Llc A Minnesota Limite
Seller's Agent
Shawn Wilson
POP Realty MN
Buyer's Agent
David Frosch
Michael Lee, Inc.
List Price
$365,000
Sold Price
$345,000
Premium/Discount to List
-$20,000
-5.48%
Views
29

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
72.05%
Original Mortgage
$258,750
Interest Rate
6.81%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 20, 2022
Sold by
Steeplechase Llc
Bought by
Wilson Kenneth M and Wilson Shannon C
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
Mcnamara John $345,000 --
Mcnamara John T $345,000 Land Title
Kootenia Homes Llc A Minnesota Limite $345,000 --
Wilson Kenneth M $325,000 Network Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcnamara John $340,000
Open Mcnamara John T $1,483,135
Previous Owner Kootenia Homes Llc A Minnesota Limite $258,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/08/2023 09/08/23 Sold $345,000 -5.5% --
07/31/2023 07/31/23 Pending -- -- --
05/02/2023 05/02/23 For Sale $365,000 -- --
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
2024 $5,326 $484,700 $296,500 $188,200
2023 $5,326 $312,500 $312,500 $0
2022 $4,414 $343,000 $343,000 $0
2021 $3,600 $280,000 $280,000 $0
2020 $2,088 $235,000 $235,000 $0
2019 $1,474 $180,000 $180,000 $0
2018 $576 $180,000 $180,000 $0
2017 -- $45,400 $45,400 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6363445

NorthstarMLS

APN: 31-030-21-13-0042