NOT LISTED FOR SALE

5985 Loring Dr Mound, MN 55364

Estimated Value: $885,000 - $1,087,000

3 Beds
2.5 Baths
3,375 Sq Ft
$294/Sq Ft Est. Value

Last Sold September 20, 2022

Last sale price $875,000 $259 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $6,006/month

46 Days on Market

Highlights

  • 80 Feet of Waterfront
  • Wine Cellar
  • Lake View
  • Shirley Hills Primary School Rated A
  • Home fronts a pond
  • 43,996 Sq Ft lot

About This Home

As of September 2022

Rare opportunity sought after Loring Dr w/ Lake Minnetonka access w/ the option of joining the Assoc. for a boat slip, 80 ft of shoreline with beach access for swimming/canoeing/kayaking/paddle boarding. Beautiful transitional-colonial home on 1 acre w/ an updated kitchen, soapstone countertops, glass backsplash & butcher block island. Formal dining room, living room w/ gas fireplace, sunroom w/ Italian limestone heated floors. Deck overlooking a large flat yard w/ amazing perennials, & a canopy of trees. The back lot is on a pond w/ lots of wildlife. Large master suite w/ abundance of well designed custom closet space. Gorgeous new master bathroom w/ 2 vanities that have Italian quartzite & high end finishes, 2 person cast iron soaking tub, enclosed water closet. Finished lower level family rm with a game/exercise area, wine cellar, storage & tuck under golf cart gar w/ electric heat boards. Surrounded by 3 river parks, bike trails, wineries in a million dollar neighborhood.

Last Agent to Sell the Property

Robin Mackell

Edina Realty, Inc. Listed on: 06/15/2022

Edina Realty, Inc.

Last Buyer's Agent

Katharine Brown

Compass

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,408

Year Built

  • Built in 1962

Lot Details

  • 1.01 Acre Lot
  • Lot Dimensions are 110x455x130x356
  • Home fronts a pond
  • 80 Feet of Waterfront
  • Property has an invisible fence for dogs
  • Wood Fence

HOA Fees

  • $47 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Interior Spaces

  • 2-Story Property
  • Stone Fireplace
  • Wine Cellar
  • Family Room with Fireplace
  • 2 Fireplaces
  • Living Room with Fireplace
  • Game Room
  • Storage Room
  • Lake Views

Kitchen

  • Indoor Grill
  • Range
  • Microwave
  • Dishwasher
  • Disposal
  • The kitchen features windows

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Dryer
  • Washer

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Sump Pump
  • Drain
  • Basement Storage
  • Natural lighting in basement

Utilities

  • Forced Air Heating and Cooling System
  • Humidifier
  • Underground Utilities
  • Water Filtration System
  • Private Water Source
  • Well

Community Details

  • Association fees include beach access, dock, shared amenities
  • Loring Acres Beach Association, Phone Number (612) 396-6639
  • Loring Acres Subdivision

Listing and Financial Details

  • Assessor Parcel Number 3511724120010

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,408

Year Built

Built in 1962

Lot Details

0

HOA Fees

$47 per month

Parking

2

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: Central Air
  • Garage Spaces: 2
  • Accessibility Features: None
  • Fireplaces: 2
  • Water Source: Private, Well
  • Fee Frequency: Annually
  • Year Built: 1962
  • Above Grade Finished Sq Ft: 2483
  • Water Body Name: Minnetonka
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • InternetOptions: Cable,DSL,Satellite
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Basement: Block, Daylight/Lookout Windows, Drain Tiled, Finished, Full, Storage Space, Sump Pump, Walkout
  • Appliances: Dishwasher, Disposal, Dryer, Exhaust Fan, Humidifier, Water Filtration System, Indoor Grill, Microwave, Range, Refrigerator, Washer, Water Softener Owned
  • Fireplace Features: Family Room, Gas, Living Room, Stone
  • Living Area: 3375
  • Fireplace: Yes
  • Below Grade Finished Sq Ft: 892
  • Basement YN: Yes
  • Dining Room Type: Living Room, Dining Room, Family Room, Kitchen, Bedroom 1, Bedroom 2, Bedroom 3, Sun Room, Wine Cellar, Game Room, Garage, Storage

Beds/Baths

  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Three Quarter Bathrooms: 1

Exterior Features

  • Roof: Age Over 8 Years, Asphalt
  • Fencing: Invisible, Wood
  • Other Structures: Storage Shed
  • ConstructionMaterialsDesc: Block,Frame
  • Lake Acres: 14729
  • LakeChain: N
  • Waterfront Frontage: 80

Garage/Parking

  • Parking Features: Attached Garage, Asphalt, Underground
  • Garage Square Feet: 399
  • Garage Door Height: 7

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • Electric: Circuit Breakers
  • Fuel: Electric,Natural Gas
  • Power Company: Xcel Energy

Condo/Co-op/Association

  • HOA Fee Includes: Beach Access, Dock, Shared Amenities
  • Phone: 612-396-6639
  • Association Fee: 567
  • Association: Yes
  • Amenities Unit: Cable,Ceiling Fan(s),Deck,Dock,French Doors,Hardwood Floors,Kitchen Center Island,Kitchen Window,Primary Bedroom Walk-In Closet,Natural Woodwork,Patio,Paneled Doors,Porch,Security System,Boat Slip,In-Ground Sprinkler,Sun Room,Tile Floors,Washer/Dryer Hookup,Walk-In Closet

Association/Amenities

  • HOA Management Co: Loring Acres Beach Association

Schools

  • Junior High Dist: Westonka
  • SchoolDistrictNumber: 277
  • SchoolDistrictPhone: 952-491-8001

Lot Info

  • Waterfront YN: No
  • PropertyAttachedYN: No
  • Lot Size: 110x455x130x356
  • Lot Size Sq Ft: 43995.6
  • Land Lease: No
  • Lot Features: Many Trees, Underground Utilities
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Fiber Cement

Tax Info

  • Tax Year: 2022
  • Assessor Parcel Number: 3511724120010
  • Tax Annual Amount: 4408
  • TaxWithAssessments: 4408.3800

Multi Family

  • WaterfrontFeatures: Association Access, Dock, Lake View, Pond

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 15, 2022
Closed on
Sep 20, 2022
Sold by
Lindquist Russell J and Lindquist Maureen D
Bought by
Ammon Laura Rodrigues and Rudnick Roger Luke
Seller's Agent
Robin Mackell
Edina Realty, Inc.
Buyer's Agent
Katharine Brown
Compass
List Price
$875,000
Sold Price
$875,000
Current Estimated Value
$991,111

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$116,111
Avg. Annual Appreciation
4.38%
Original Mortgage
$700,000
Outstanding Balance
$675,101
Interest Rate
5.22%
Mortgage Type
Balloon
Estimated Equity
$319,620

Purchase Details

Closed on
Jul 17, 2003
Sold by
Keller Jennifer L
Bought by
Lingquist Russell J and Lindquist Maureen D
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
Ammon Laura Rodrigues $875,000 --
Lingquist Russell J $465,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ammon Laura Rodrigues $700,000
Previous Owner Lindquist Russell J $421,245
Previous Owner Lindquist Russell J $428,000
Previous Owner Lindquist Russell J $466,400
Previous Owner Lindquist Russell J $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/20/2022 09/20/22 Sold $875,000 0.0% $259 / Sq Ft
08/01/2022 08/01/22 Pending -- -- --
07/21/2022 07/21/22 For Sale $875,000 0.0% $259 / Sq Ft
07/18/2022 07/18/22 Pending -- -- --
06/30/2022 06/30/22 For Sale $875,000 0.0% $259 / Sq Ft
06/29/2022 06/29/22 Off Market $875,000 -- --
06/15/2022 06/15/22 For Sale $875,000 0.0% $259 / Sq Ft
06/15/2022 06/15/22 Price Changed $875,000 -- $259 / Sq Ft
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 $8,140 $835,800 $396,000 $439,800
2022 $4,408 $534,000 $198,000 $336,000
2021 $3,962 $445,000 $165,000 $280,000
2020 $4,193 $396,000 $126,000 $270,000
2019 $4,167 $391,000 $126,000 $265,000
2018 $4,225 $386,000 $126,000 $260,000
2017 $4,221 $368,000 $126,000 $242,000
2016 $4,217 $362,000 $126,000 $236,000
2015 $4,808 $402,000 $168,000 $234,000
2014 -- $427,000 $205,000 $222,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6217912

NorthstarMLS

APN: 35-117-24-12-0010