NOT LISTED FOR SALE

868 Latoka Heights Ln SW Alexandria, MN 56308

Estimated Value: $1,098,000 - $1,783,000

5 Beds
4.5 Baths
5,262 Sq Ft
$292/Sq Ft Est. Value

Last Sold July 26, 2024

Last sale price $1,700,000 $323 Per Sq Ft

Est. 10% decrease in value since last sale

Current estimated payment $9,229/month

47 Days on Market

Highlights

  • 249 Feet of Waterfront
  • Multiple Garages
  • 106,286 Sq Ft lot
  • Lincoln Elementary School Rated A-
  • RV Access or Parking
  • Family Room with Fireplace

About This Home

As of July 2024

Welcome to your rustic luxury retreat on the shores of Lake Latoka! Set on a private 2.44-acre wooded lot, this custom-built home offers the perfect blend of elegance and tranquility. Crafted with hand-peeled Montana Lodge Pole Pine, this home exudes timeless charm. Discover the meticulous attention to detail throughout the open floor plan, where traditional 2 x 6 frame construction meets half-log siding. Enjoy the convenience of two gas fireplaces along with in-floor heating in the lower level, including the family room and the tuck-under garage/workshop. With 249’ of hard sand shoreline, every sunset is a masterpiece waiting to be enjoyed. This property promises a retreat from the hustle and bustle, yet offers convenient access to Interstate 94 for easy commuting. For those seeking a blend of luxury, privacy, and natural beauty, this home is the ultimate escape. Don't miss your chance to experience the epitome of lakeside living in the Alexandria Lakes Area!

Last Agent to Sell the Property

Justin Habel

Counselor Realty Inc of Alex Listed on: 05/15/2024

Last Buyer's Agent

Reed Franklin

LPT Realty, LLC

LPT Realty, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,596

Year Built

  • Built in 2002

Lot Details

  • 2.44 Acre Lot
  • 249 Feet of Waterfront
  • Lake Front
  • Many Trees
  • Zoning described as Shoreline,Residential-Single Family

Parking

  • 3 Car Attached Garage
  • Multiple Garages
  • Parking Storage or Cabinetry
  • Heated Garage
  • Tuck Under Garage
  • Insulated Garage
  • Garage Door Opener
  • RV Access or Parking

Home Design

  • Log Siding

Interior Spaces

  • 2-Story Property
  • Wet Bar
  • Central Vacuum
  • Stone Fireplace
  • Gas Fireplace
  • Entrance Foyer
  • Family Room with Fireplace
  • 2 Fireplaces
  • Living Room with Fireplace
  • Combination Kitchen and Dining Room
  • Home Office
  • Workshop
  • Sun or Florida Room
  • Storage Room
  • Laundry Room
  • Utility Room
  • Utility Room Floor Drain
  • Radiant Floor

Kitchen

  • Built-In Oven
  • Cooktop
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Drain
  • Block Basement Construction
  • Basement Storage
  • Basement Window Egress

Eco-Friendly Details

  • Air Exchanger

Utilities

  • Forced Air Zoned Cooling and Heating System
  • Boiler Heating System
  • Radiant Heating System
  • Underground Utilities
  • 200+ Amp Service
  • Private Water Source
  • Well
  • Drilled Well
  • Electric Water Heater
  • Water Softener is Owned
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Horizon Heights Cic #134 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 271419660

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,596

Year Built

Built in 2002

Lot Details

0

Parking

3

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: Central Air, Zoned
  • Garage Spaces: 3
  • Accessibility Features: None
  • Fireplaces: 2
  • Water Source: Drilled, Private, Well
  • Year Built: 2002
  • Above Grade Finished Sq Ft: 3326
  • Water Body Name: Latoka
  • Unit Levels: Modified Two Story
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • InternetOptions: Cable
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Basement: Block, Daylight/Lookout Windows, Drain Tiled, Egress Window(s), Finished, Full, Other, Concrete, Storage Space, Walkout
  • Appliances: Air-To-Air Exchanger, Central Vacuum, Cooktop, Dishwasher, Disposal, Electric Water Heater, Water Osmosis System, Microwave, Range, Refrigerator, Stainless Steel Appliances, Wall Oven, Water Softener Owned
  • Fireplace Features: Family Room, Gas, Living Room, Stone
  • Living Area: 5262
  • Fireplace: Yes
  • Below Grade Finished Sq Ft: 1936
  • Basement YN: Yes
  • Dining Room Type: Living Room, Dining Room, Family Room, Kitchen, Sun Room, Office, Foyer, Laundry, Bar/Wet Bar Room, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Storage, Utility Room, Workshop

Beds/Baths

  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 5

Exterior Features

  • Roof: Age 8 Years or Less, Asphalt
  • View: Lake, West
  • ConstructionMaterialsDesc: Frame
  • PatioPorchType: Deck,Patio
  • Lake Bottom: Hard,Sand
  • LakeChain: N
  • Waterfront Frontage: 249

Garage/Parking

  • Parking Features: Attached Garage, Concrete, Electric, Floor Drain, Finished Garage, Garage Door Opener, Heated Garage, Insulated Garage, Multiple Garages, RV Access/Parking, Storage, Tuckunder Garage, Underground

Utilities

  • Heating: Boiler, Forced Air, Fireplace(s), Radiant Floor, Radiant, Zoned
  • Sewer: City Sewer/Connected
  • Electric: Circuit Breakers, 200+ Amp Service
  • Fuel: Natural Gas
  • Power Company: Runestone Electric Association

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Alexandria
  • SchoolDistrictPhone: 320-762-2141

Lot Info

  • Waterfront YN: Yes
  • PropertyAttachedYN: No
  • Lot Size: Irregular
  • Lot Size Sq Ft: 106286.4
  • Land Lease: No
  • Lot Features: Many Trees, Underground Utilities
  • Additional Parcels: No
  • Zoning Description: Shoreline,Residential-Single Family
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Log Siding

Tax Info

  • Tax Year: 2024
  • Assessor Parcel Number: 271419660
  • Tax Annual Amount: 12596
  • TaxWithAssessments: 12726.0000

Multi Family

  • WaterfrontFeatures: Lake Front

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 15, 2024
Closed on
Jul 26, 2024
Sold by
Michaels David and Michaels Jane
Bought by
Jewell Josey and Jewell Micole
Seller's Agent
Justin Habel
Counselor Realty Inc of Alex
Buyer's Agent
Reed Franklin
LPT Realty, LLC
List Price
$1,995,000
Sold Price
$1,700,000
Premium/Discount to List
-$295,000
-14.79%
Views
130
Current Estimated Value
$1,536,244

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$163,756
Avg. Annual Appreciation
-7.33%

Purchase Details

Closed on
Oct 25, 2022
Sold by
Michaels David S and Michaels Jane E
Bought by
Michaels David S and Michaels Jane E

Purchase Details

Closed on
Apr 26, 2005
Sold by
Michaels David S and Michaels Jane E
Bought by
Michaels Jane E
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Jewell Josey $1,700,000 --
Michaels David S -- None Listed On Document
Michaels David S $500 --
Michaels Jane E -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/26/2024 07/26/24 Sold $1,700,000 -14.8% $323 / Sq Ft
07/02/2024 07/02/24 Pending -- -- --
05/15/2024 05/15/24 For Sale $1,995,000 -- $379 / 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
2025 $13,392 $1,590,100 $450,400 $1,139,700
2024 $13,392 $1,427,900 $376,600 $1,051,300
2023 $12,726 $1,279,600 $347,300 $932,300
2022 $11,268 $1,185,300 $331,100 $854,200
2021 $10,886 $1,030,200 $305,100 $725,100
2020 $10,892 $962,700 $298,600 $664,100
2019 $10,364 $939,000 $298,600 $640,400
2018 $9,678 $912,400 $285,600 $626,800
2017 $9,128 $850,200 $285,600 $564,600
2016 $9,196 $806,555 $277,032 $529,523
2015 $9,542 $0 $0 $0
2014 -- $802,000 $298,600 $503,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6536736

NorthstarMLS

APN: 27-1419-660