T
Seller's Agent in 2023
Todd Anderson
River Town Realty of MN, INC
(651) 335-5013
2 in this area
125 Total Sales
7851 50th St N Lake Elmo, MN 55042
Estimated Value: $784,000 - $1,057,000
4
Beds
2.5
Baths
3,523
Sq Ft
$257/Sq Ft
Est. Value
Highlights
- 227 Feet of Waterfront
- Deck
- Recreation Room
- Lake View
- Family Room with Fireplace
- No HOA
About This Home
As of October 2023Welcome to your private lakeshore retreat in the heart of the cities! Enjoy 227' of pristine sandy shoreline and clear water! Perfect for swimming, boating, fishing, or just relaxing! Expansive windows capture wonderful lake views throughout the home. Gleaming original hardwood floors throughout most of the main level. This home features two gorgeous fireplaces and wonderful built-ins. The main level opens onto a redwood deck, perfect for summer evenings. The lower level has amazing views, wet bar, and a rec room that opens onto a large lakeside patio! Generously sized lot with a gentle slope, with a place to drive your vehicle down to the lake. Further boating opportunities as Lake Olson connects to Lake Demontreville! Paver stone driveway and walkway, front porch, and in-ground sprinklers! Seller will accept contract for deed. Don't miss the chance to make this dream home yours!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $8,096
Year Built
- Built in 1959
Lot Details
- 0.83 Acre Lot
- 227 Feet of Waterfront
- Lake Front
Parking
- 2 Car Attached Garage
Home Design
- Flex
Interior Spaces
- 1-Story Property
- Wet Bar
- Family Room with Fireplace
- 2 Fireplaces
- Living Room with Fireplace
- Recreation Room
- Lake Views
- Finished Basement
- Walk-Out Basement
Kitchen
- Range
- Dishwasher
Bedrooms and Bathrooms
- 4 Bedrooms
Outdoor Features
- Deck
- Patio
Utilities
- Forced Air Heating System
- Well
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 0802921110002
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 2, 2023
Closed on
Oct 10, 2023
Sold by
Ronald R Gritzmaker Trust Under Agreeme
Bought by
Wallace Benjamin and Wallace Elizabeth
Seller's Agent
Todd Anderson
River Town Realty of MN, INC
Buyer's Agent
John Lockner
RE/MAX Results
List Price
$999,999
Sold Price
$825,000
Premium/Discount to List
-$174,999
-17.5%
Views
793
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$79,189
Avg. Annual Appreciation
4.95%
Original Mortgage
$465,000
Outstanding Balance
$457,284
Interest Rate
7.23%
Mortgage Type
New Conventional
Estimated Equity
$446,541
Purchase Details
Listed on
Jan 2, 2023
Closed on
Oct 6, 2023
Sold by
Ronald R Gritzmaker Trust
Bought by
Wallace Benjamin B and Wallace Elizabeth A
Seller's Agent
Todd Anderson
River Town Realty of MN, INC
Buyer's Agent
John Lockner
RE/MAX Results
List Price
$999,999
Sold Price
$825,000
Premium/Discount to List
-$174,999
-17.5%
Views
793
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$465,000
Outstanding Balance
$457,284
Interest Rate
7.23%
Mortgage Type
New Conventional
Estimated Equity
$446,541
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Wallace Benjamin | $825,000 | -- | |
| Wallace Benjamin B | $825,000 | Partners Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Wallace Benjamin | $465,000 | |
| Closed | Wallace Benjamin B | $465,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/10/2023 10/10/23 | Sold | $825,000 | -5.2% | $234 / Sq Ft |
| 09/28/2023 09/28/23 | Pending | -- | -- | -- |
| 06/27/2023 06/27/23 | Price Changed | $869,999 | -3.3% | $247 / Sq Ft |
| 05/05/2023 05/05/23 | Price Changed | $899,999 | -5.3% | $255 / Sq Ft |
| 04/11/2023 04/11/23 | Price Changed | $949,900 | -2.1% | $270 / Sq Ft |
| 02/19/2023 02/19/23 | Price Changed | $969,900 | -3.0% | $275 / Sq Ft |
| 01/02/2023 01/02/23 | For Sale | $999,999 | -- | $284 / Sq Ft |
Source: NorthstarMLS
Tax History Compared to Growth
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 | $9,532 | $846,700 | $546,000 | $300,700 |
| 2023 | $9,532 | $833,700 | $546,000 | $287,700 |
| 2022 | $8,096 | $811,000 | $540,200 | $270,800 |
| 2021 | $7,588 | $675,900 | $448,300 | $227,600 |
| 2020 | $7,804 | $670,000 | $448,300 | $221,700 |
| 2019 | $7,506 | $670,000 | $450,800 | $219,200 |
| 2018 | $7,380 | $660,100 | $465,800 | $194,300 |
| 2017 | $7,414 | $649,000 | $465,800 | $183,200 |
| 2016 | $7,142 | $646,600 | $462,100 | $184,500 |
| 2015 | $6,662 | $595,900 | $405,800 | $190,100 |
| 2013 | -- | $542,600 | $360,800 | $181,800 |
Source: Public Records
Agents Affiliated with this Home
-
Todd Anderson
-
John Lockner
Buyer's Agent in 2023
John Lockner
RE/MAX Results
(651) 230-4900
4 in this area
176 Total Sales
Map
Source: NorthstarMLS
MLS Number: 6320362
APN: 08-029-21-11-0002
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