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$295,000  (list price)
$295,000
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Single Family:  1 Story
2 br • 1 ba • Built 1920
1,118 sqft • 0.28 acres
Westonka schools
MLS# 6600086
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    Property Description

    NEW PRICE. Seller is very motivated. Quick close preferred. This a rare opportunity to purchase a classic cottage-cabin rambler on Phelps Island, steps from Phelps Bay, Lake Minnetonka. This is one of the best lots on Phelps Island. Built in 1920, this charming home sits on a double, corner, and wooded lot, surrounded by well-cared-for mature trees. The large fenced-in yard is a blank canvas for anyone who wants to create their dream landscaping/garden or have a large space for kids or pets or both. The property has two large driveways - more than enough extra space to park your boat, camper etc. As a Mound resident the owner will be part of the exclusive Mound Dock Program, allowing access to stunning Phelps Bay, Lake Minnetonka. The light-filled, open-plan, and relaxed interior feels connected to the nature that surrounds the home. Two large bedrooms, working original fireplace, with ample room for entertaining inside and out. Set in a tranquil location this home feels like a hideaway. New roof on house in 2023. New roof on garage and garage rehab in 2022. New retaining wall in 2023. Bathroom pipes/plumbing replaced 7 years ago with a bathroom update. HVAC, washer, dryer, range, and refrigerator have all been covered by "Home Service Plus" through Centerpoint Energy - all kept serviced and up to date. Phelps Bay is one of the quietest Bays on Lake Minnetonka - lots of sailing, windsurfing, kayaking, and canoeing. Donâ??t miss this opportunity to live in a truly beautiful and unique location. Live in it and love it, or build your dream home - limitless possiblities and potential.

    Listing

    Contingency: None
    Price per sq ft: $264
    City: Mound
    County: Hennepin
    State: MN
    Property Style: 1 Story
    Zip Code: 55364
    Subdivision Name: Devon

    Interior

    Living Area: 1,118 ft2
    Common Wall: No
    Basement Details: Crawl Space

    Exterior

    Stories: One
    Garage Spaces: 1
    Garage Dimensions: 16x22
    Garage Size: 352 ft2
    Garage Door Height: 22
    Garage Door Width: 16
    Air Conditioning: Wall Unit(s)
    Foundation Size: 1,118 ft2
    Foundation Dimensions: 28x44
    Handicap Accessible: No Stairs Internal
    Heating System: Forced Air
    Parking Features:
    • Concrete
    • Detached
    Exterior Material: Wood Siding

    Rooms

    1/4 Baths: None
    Full Baths: 1
    Half Baths: None
    3/4 Baths: None
    Main Level Size Sq Ft
    Dining Room  12 x 11  132 
    Den  11 x 14  154 
    Kitchen  11 x 12  132 
    Bedroom 1  10 x 12  120 
    Bedroom 2  11 x 10  110 
    Bathroom  7 x 5  35 
    Laundry  8 x 8  64 
    Living Room  12 x 10  120 

    Lot & Land

    Acres: 0.28
    Geolocation: 44.919833, -93.645223
    Lot Dimensions: 80 x 155
    Zoning: Residential-Single Family

    Schools

    School District: 277
    District Phone: 952-491-8001

    Financial & Taxes

    Tax Year: 2024
    Annual Taxes: $2,649
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $3,042
    Association Fee Required: No
    Association Fee: None

    Miscellaneous

    Fuel System: Natural Gas
    Sewer System: City Sewer - In Street
    Water System: City Water - In Street

    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 Anderson Realty.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.