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Active Contingent
$1,900,000
/mo Edit
Single Family:  2 Stories
4 br3 baBuilt 1986
2,982 sqft20.78 acres
Wayzata schools
MLS# 6505563
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    Property Description

    Amazing opportunity to own investment property for future development. The property currently has a large 2-story home (septic and well), 40x70 pole barn with large doors, tillable land, and beautiful 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 Minneapolis or Lake Minnetonka (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.

    Listing

    Contingency: Inspection
    Price per sq ft: $637
    City: Medina
    County: Hennepin
    State: MN
    Property Style: 2 Stories
    Zip Code: 55391

    Interior

    Living Area: 2,982 ft2
    Common Wall: No
    Basement Details:
    • Full
    • Storage Space
    • Unfinished

    Exterior

    Stories: Two
    Garage Spaces: 3
    Garage Size: 1,184 ft2
    Air Conditioning: Central Air
    Foundation Size: 1,255 ft2
    Handicap Accessible: None
    Out Buildings: Pole Building
    Road Responsibility: Public Maintained Road
    Heating System: Forced Air
    Parking Features:
    • Attached Garage
    • Guest Parking
    • Multiple Garages
    Road Frontage: City Street
    Exterior Material:
    • Brick/Stone
    • Vinyl Siding

    Rooms

    1/4 Baths: None
    Full Baths: 2
    Half Baths: 1
    3/4 Baths: None
    Upper Level Size Sq Ft
    Bedroom 1  14 x 17  238 
    Bedroom 2  14 x 13  182 
    Bedroom 3  11 x 14  154 
    Bedroom 4  11 x 12  132 
    Main Level Size Sq Ft
    Living Room  14 x 14  196 
    Family Room  14 x 26  364 
    Sun Room  13 x 16  208 
    Kitchen  18 x 14  252 
    Dining Room  12 x 17  204 
    Laundry  9 x 13  117 

    Lot & Land

    Acres: 20.78
    Geolocation: 45.02809400, -93.52433400
    Lot Dimensions: 1040 x
    Zoning: Residential-Single Family
    Lot Description:
    • Corner Lot
    • Tree Coverage - Light

    Farm

    Farm Type: Crop
    Agricultural Water: Well
    Topography: Rolling

    Schools

    School District: 284
    District Phone: 763-745-5000

    Financial & Taxes

    Tax Year: 2023
    Annual Taxes: $8,197
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $8,197
    Association Fee Required: No
    Association Fee: None

    Miscellaneous

    Fuel System: Natural Gas
    Sewer System: Private Sewer
    Water System: Well

    Mortgage Calculator

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    Local Home Mortgage Professionals

    651-253-2144
    Jason & Kim Stone
    Branch Manager & Co-Branch Manager
    Fairway Mortgage    NMLS#1018649
    Jason Stone joined Fairway Independent Mortgage Corporation in October 2017, as a Producing Branch Manager with over 15 years of experience in the mortgage industry. Throughout his career, Jason has originated over $500,000,000 in residential loan volume and has helped several thousand customers with their home financing needs. Jason was named Minneapolis Magazine: Super Mortgage Professional in 2018-2023, Scotsman Guide: Top Mortgage Originator 2019-2022, and Minnesota Housing: Platinum Leander. He is also a retired volunteer firefighter for the city of Mendota Heights, MN which is one of the reasons he’s a Home for Heroes affiliate lender.

    Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.

    Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
    It would be our pleasure to assist you with your home purchase!

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    Listing provided by RMLS, courtesy of Recreate Real Estate LLC.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.