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Active Contingent
$1,900,000
/mo Edit
Lot/Land:  Lot/Land
20.78 acres
Wayzata schools
MLS# 6342792
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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 22 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
    City: Medina
    County: Hennepin
    State: MN
    Property Style: Lot/Land
    Zip Code: 55391

    Exterior

    Out Buildings: Pole Building
    Road Responsibility: Public Maintained Road
    Road Frontage: City Street

    Lot & Land

    Acres: 20.78
    Geolocation: 45.02795, -93.523267
    Inclusions: Abstract
    Lot Dimensions: 1390 x 904 x 1330 x 520
    Minimum Lot Size: 0.25
    Addl Parcels: 1311823410004
    Restrictions: None
    Zoning:
    • Residential-Multi-Family
    • Residential-Single Family
    Lot Description:
    • Corner Lot
    • Suitable for Horses
    • Tree Coverage - Light

    Farm

    Topography: Rolling

    Schools

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

    Financial & Taxes

    Tax Year: 2023
    Annual Taxes: $9,833
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $9,833
    Association Fee Required: No
    Association Fee: None

    Miscellaneous

    Development Status: Raw Land
    Improvements: Paved Streets
    Available Utilities:
    • Cable Available
    • Cable Connected
    • Electricity Connected
    • Natural Gas Available
    • Natural Gas Connected
    • Phone Available
    • Phone Connected
    • Private Septic Connected
    • Private Well Connected
    • Sewer Available

    Mortgage Calculator

    Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter the price of the home, your down payment and loan term. Property taxes are based on the last known value for this property or 0.012 of property price when data is unavailable. Your interest rate and insurance rates will vary based on credit score, loan type, etc.
    Payment:  /mo

    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.