Seller's Agent in 2023
Peter Prudden
Prudden & Company
(612) 805-5466
6 in this area
115 Total Sales
Estimated Value: $2,849,000 - $4,132,458
3
Beds
2.5
Baths
4,194
Sq Ft
$832/Sq Ft
Est. Value
Highlights
- 440 Feet of Waterfront
- Beach Access
- 88,427 Sq Ft lot
- Hilltop Primary School Rated A
- Lake View
- No HOA
About This Home
As of August 2023Own your own private peninsula! Tucked away on Lake Minnetonka’s North Arm Bay, awaits an enchanting enclave down a long private estate setting road for the ever-discerning connoisseur.
Sited amid a secluded 2 acre parcel overlooking 440+ feet of sweeping waterfront offering lake views on 3 sides! The location allows for captivating sunrise & sunset vistas and offers privacy and seclusion in an “up north experience”.
The property is home to a curated, bespoke cottage that invokes a hidden Hamptons like getaway. The completely remodeled residence comprises nearly 4,200 SF of elegantly appointed living space, a landmark boat house directly on the waterfront, and 3 additional charming detached garages.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $11,738
Year Built
- Built in 1956
Lot Details
- 2.03 Acre Lot
- 440 Feet of Waterfront
- Lake Front
- Irregular Lot
- Few Trees
Parking
- 6 Car Attached Garage
Home Design
- Flex
Interior Spaces
- 2-Story Property
- Family Room
- Living Room with Fireplace
- Dining Room
- Game Room
- Storage Room
- Lake Views
Kitchen
- Range
- Dishwasher
- The kitchen features windows
Bedrooms and Bathrooms
- 3 Bedrooms
Laundry
- Dryer
- Washer
Finished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
Outdoor Features
- Beach Access
Utilities
- Central Air
- Vented Exhaust Fan
- Hot Water Heating System
- Underground Utilities
- Water Filtration System
- Well
- Water Softener is Owned
Community Details
- No Home Owners Association
- Franzel Add Subdivision
Listing and Financial Details
- Assessor Parcel Number 0611723440019
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 7, 2023
Closed on
Aug 4, 2023
Sold by
North Arm Bay Llc
Bought by
Sather Living Trust and Sather
Seller's Agent
Peter Prudden
Prudden & Company
Buyer's Agent
LeAnn Sather
RE/MAX Consultants
List Price
$3,195,000
Sold Price
$3,400,000
Premium/Discount to List
$205,000
6.42%
Views
15
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
$90,729
Avg. Annual Appreciation
1.08%
Purchase Details
Closed on
Jun 25, 2019
Sold by
North Arm Farm Llc
Bought by
North Arm Bay Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,050,000
Interest Rate
4%
Mortgage Type
Commercial
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Sather Living Trust | $3,400,000 | Titlenexus | |
| North Arm Bay Llc | $1,550,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | North Arm Bay Llc | $1,050,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/04/2023 08/04/23 | Sold | $3,400,000 | +6.4% | $811 / Sq Ft |
| 07/14/2023 07/14/23 | Pending | -- | -- | -- |
| 07/10/2023 07/10/23 | For Sale | $3,195,000 | -- | $762 / 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 | $26,648 | $2,500,000 | $2,452,900 | $47,100 |
| 2023 | $20,101 | $1,978,300 | $1,835,700 | $142,600 |
| 2022 | $11,738 | $1,709,000 | $1,589,000 | $120,000 |
| 2021 | $11,830 | $1,116,000 | $1,076,000 | $40,000 |
| 2020 | $9,353 | $1,116,000 | $1,076,000 | $40,000 |
| 2019 | $13,479 | $851,400 | $828,000 | $23,400 |
| 2018 | -- | $600,000 | $575,000 | $25,000 |
Source: Public Records
Agents Affiliated with this Home
-
Peter Prudden
-
Jessica Prudden
Seller Co-Listing Agent in 2023
Jessica Prudden
Prudden & Company
(612) 875-4675
4 in this area
123 Total Sales
-
LeAnn Sather
Buyer's Agent in 2023
LeAnn Sather
RE/MAX
(612) 269-7798
2 in this area
87 Total Sales
Map
Source: NorthstarMLS
MLS Number: 6398279
APN: 06-117-23-44-0019
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