NOT LISTED FOR SALE

8031 Covered Bridge Rd Prior Lake, MN 55372

Estimated Value: $973,000 - $1,258,000

0.68 Acre
$1,590,500 Price per Acre
29,621 Sq Ft Lot

Last Sold January 29, 2013

Last sale price $125,000 $27 Per Sq Ft

Est. 765% increase in value since last sale

Current estimated payment $6,765/month

Highlights

  • Agricultural
  • Lake Marion Elementary School Rated A
  • Lot Has A Rolling Slope

About This Lot

As of January 2013

Premier lot in the highly sought after Territory n'hood. Amenties include: pool, lodge/party room, ice-skating rink, miles of trails & more. Please call or email for plans or additional information.

Last Agent to Sell the Property

Tom Meckey

Berkshire Hathaway HomeServices Lovejoy Realty Listed on: 11/28/2012

Berkshire Hathaway HomeServices Lovejoy Realty

Last Buyer's Agent

Tom Meckey

Berkshire Hathaway HomeServices Lovejoy Realty Listed on: 11/28/2012

Berkshire Hathaway HomeServices Lovejoy Realty

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $10,488

Lot Details

  • 0.68 Acre Lot
  • Lot Has A Rolling Slope
  • Finished Lot(s)

HOA Fees

  • $230 Monthly HOA Fees

Farming

  • Agricultural

Community Details

  • Association fees include management, water

Property Details

Property Type

Land

Est. Annual Taxes

$10,488

Lot Details

0

HOA Fees

$230 per month

Listing Details

  • Class: Lot/Land
  • Classification: Nonhomestead
  • Sub Type: Agriculture
  • Projected Closed Date: 03/01/2013
  • Taxes With Assessments: 1930
  • Estimated Number of Acres: 0.68
  • Development: Yes
  • Development Status: Finished Lot
  • Land Improvements: Paved, Sidewalk
  • Topography: Rolling, Walkout
  • Special Features: None
  • Property Sub Type: LotsLands

Utilities

  • On Site Utilities: City Water, Electric, Natural Gas, Storm Sewer

Condo/Co-op/Association

  • HOA Fee Includes: Management, Water
  • Association Fee Frequency: Monthly
  • Association Fee: Yes
  • Association Fee: 230

Schools

  • School District: Lakeville #194

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 25, 2022
Sold by
Brockway Christopher and Brockway Amie
Bought by
Preusse Jamie
Current Estimated Value
$1,081,540

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$639,844
Outstanding Balance
$606,456
Interest Rate
5%
Mortgage Type
New Conventional
Estimated Equity
$475,084

Purchase Details

Closed on
May 12, 2022
Sold by
Brockway and Arnie
Bought by
Preusse Jamie S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$639,844
Outstanding Balance
$606,456
Interest Rate
5%
Mortgage Type
New Conventional
Estimated Equity
$475,084

Purchase Details

Closed on
May 29, 2018
Sold by
Stierman Jeffrey Alexander and Stierman Kara Nicole
Bought by
Brokway Christopher and Brokway Amie M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$570,000
Interest Rate
4.5%
Mortgage Type
VA

Purchase Details

Closed on
Oct 20, 2014
Sold by
Passages Custom Homes Llc
Bought by
Stierman Jeffrey Alexander and Stierman Kara Nicole

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$466,400
Interest Rate
4.13%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 28, 2012
Closed on
Jan 29, 2013
Seller's Agent
Tom Meckey
Berkshire Hathaway HomeServices Lovejoy Realty
Buyer's Agent
Tom Meckey
Berkshire Hathaway HomeServices Lovejoy Realty
List Price
$125,000
Sold Price
$125,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.44%
Original Mortgage
$125,000
Interest Rate
3.42%

Purchase Details

Closed on
Dec 13, 2005
Sold by
Laurent Development Co Llc
Bought by
Wooddale Builders Inc
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
Preusse Jamie $859,000 --
Preusse Jamie S $859,000 Trademark Title
Brokway Christopher $660,000 Edina Realty Title
Stierman Jeffrey Alexander $583,000 Burnet Title
-- $125,000 --
Wooddale Builders Inc $1,395,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Preusse Jamie $639,844
Closed Preusse Jamie S $644,250
Previous Owner Brokway Christopher $570,000
Previous Owner Stierman Jeffrey Alexander $466,400
Previous Owner -- $125,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/29/2013 01/29/13 Sold $125,000 0.0% $27 / Sq Ft
11/28/2012 11/28/12 Pending -- -- --
11/28/2012 11/28/12 For Sale $125,000 -- $27 / 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
2025 $10,488 $983,600 $231,500 $752,100
2024 $10,558 $929,800 $207,400 $722,400
2023 $8,148 $933,500 $207,400 $726,100
2022 $6,250 $901,100 $193,100 $708,000
2021 $5,920 $708,600 $147,300 $561,300
2020 $7,884 $677,400 $128,100 $549,300
2019 $7,464 $646,500 $128,100 $518,400
2018 $7,330 $0 $0 $0
2016 $7,836 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2013

    Tom Meckey

    Berkshire Hathaway HomeServices Lovejoy Realty

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Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 4420861

REALTOR® Association of Southern Minnesota

APN: 4-101-030-0

Minnesota Scott County Prior Lake 55372

8031 Covered Bridge Rd, Prior Lake, MN

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