$1,900,000 Price Analysis    ♡   Medina, MN 55391 4 bed 3 bath 2,982 SqFt ($637/SqFt) 20.78 acre lot. Built 1986 Listed 2024-03-18, Taxes $7,502 | Ⓧ USDA Ineligible due to price & location near Medina |
Amazing opportunity to own investment property for future development.
* Has Contingent Offer *The property currently has a large 2-story home (septic and well), 40x70 pole barn with large doors, tillable land and pleasing wetlands. Nearly 21 acres of land and all this minutes from parks, downtown Hamel, Highway 55 with shopping and restaurants. The property is in Wazyata Schools and is 15 minutes from downtown Minnepolis or Lake Minneton ka (downtown Wayzata).
Ideal investment property with passive rental income (tillable land and rental home/building). The property is zoned Rural Residential Urban Reserve and Guided in the Comprehensive Plan for sewer and water with a development of a mix of multi-family and single family homes. This is an Estate Sale sold AS-IS, WHERE IS. Do not enter property without listing broker.
Presented by Rose Lorsung, Owner at
Recreate Real Estate Llc.
Property MLS #6505563 from NorthstarMLS
Basement Features: Full, Storage Space, Unfinished
Heating Features: Forced Air
Heating Fuel: Natural Gas
1/2 Bathrooms: 1
Vinyl
Road Frontage Type: City
Road Responsibility: Public Maintained Road
Lot Description: Corner Lot, Tree Coverage - Light
Lot Size Acres: 20.78
Lot Size Dimensions: 1040x
Topography: Rolling
Lot Size Square Feet: 905177
Parking Features: Attached Garage, Multiple Garages
Garage Sqft: 1184
Calculated Total Monthly Association Fees: 0
Map directions Map directions Map directions Map directionsSource Listing Status: Active Under Contract
County: Hennepin
Directions: Highway 55 to Co Road 101 south to Medina Road west to property
Tax Year: 2023
Source Property Type: Single Family
Parcel Number: 1311823410005
Zoning: Residential-Single Family
Property Subtype: (SF) Single Family
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $351,000 + $512,800 $863,800 | $7,502 |
| 2021 | $347,000 + $470,000 $817,000 | $7,145 |
| 2020 | $354,000 + $470,000 $824,000 | $10,699 |
| 2019 | $343,000 + $563,000 $906,000 | $7,554 |
| 2018 | $334,400 + $563,000 $897,400 | $7,581 |
| 2017 | $329,400 + $563,000 $892,400 | $7,622 |
| 2016 | $311,300 + $563,000 $874,300 | $7,621 |
| 2015 | $311,300 + $494,000 $805,300 | $7,201 |
| 2014 | $300,400 + $494,000 $794,400 | $7,421 |
| 2013 | $317,400 + $594,000 $911,400 | $8,047 |
| 2012 | $319,400 + $594,000 $913,400 | $7,675 |
| 2011 | $323,400 + $686,000 $1,009,400 | $7,713 |
| 2010 | $347,400 + $732,000 $1,079,400 | $7,680 |
| 2009 | $352,400 + $643,400 $995,800 | $7,019 |
| 2008 | $350,300 + $554,900 $905,200 | $6,462 |
| 2007 | $347,200 + $466,800 $814,000 | $6,131 |
$1,900,000
NorthstarMLS
Relisted 2024-03-18
$1,900,000
NorthstarMLS
Listing removed 2024-03-17
$0
NorthstarMLS
Listed 2023-03-15
$3,999,000
NorthstarMLS
Listing removed 2022-09-07
$0
NorthstarMLS
Listed 2021-07-29
$3,999,000
NorthstarMLS
Listing removed 2021-05-17
$3,999,000
NorthstarMLS
Listing removed 2021-02-13
$3,999,000
NorthstarMLS
Listed 2019-05-16
$3,999,000
NorthstarMLS
Listing removed 2018-12-19
$0
GreaterLakes
Relisted 2018-06-06
$3,999,000
GreaterLakes
Listing removed 2018-06-04
$0
GreaterLakes
Listed 2018-03-23
$3,999,000
GreaterLakes
Listed 2018-03-23
$3,999,000
NorthstarMLS
Above Grade Finished Area: 2982
Foundation Area: 1255.00
Property Age: 38
Property Condition: Previously Owned
Levels or Stories: 2
House Style: Acreage, Rural Residential, Shouse (Shop + House)
Total Above Grade Sqft Area: 2982.00
Total Area Main: 1742.00
Total Below Grade Area: 1255.00
Water Source: Well
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.