Totally Renovated Offmarket Duplex in Mound, MN, few steps away from the lake with lake views. Mound is an affluent suburb 25 minutes away from the city of Minneapolis. $1+ mil homes right next door on the lake. Close to kids park, beach, and boat launch. 9 and 10 rated schools. Located on a peninsula with no through traffic and very safe/quiet setting with SFRs. Owner may rent both units or live on one side and rent the other.
The smaller unit is currently occupied and leased till May 2019 and the larger unit till Dec 2019
PLEASE DO NOT DISTURB THE TENANTS.
The property was completely renovated on the inside in the beginning of 2018 with additional changes by the current owner in the last 6 months. Here are the highlights:
New Appliances in each unit (refrigerator, electric stove, microwave, washer/dryer, dishwasher)
New Carpet, Paint, Granite Counter tops, Tile & Marble in kitchen and bathrooms
New PEX and copper piping, faucets, bathroom vanities
New Boiler and individual water heaters
New window screens and Wall AC units
Gas Fireplaces installed in each unit
1 car garage parking and 1 car reserved parking space for each unit
ALL UTILITIES ARE PAID BY THE TENANTS OR BILLED TO THEM. The only expense paid by the owner is $60 per month on average for biweekly lawn mowing and snow removal as needed. The rent for the smaller unit could easily be raised to $1050 per month and for the larger unit to $1300 per month.
2018 property tax: $2783.34
Showings are BY APPOINTMENT ONLY. PLEASE DO NOT DISTURB THE TENANTS. Only the larger unit will be available for viewing. The smaller unit can be viewed/inspected during the option period. Just message me directly with questions or showing appointments. Seller is a realtor and will be paying 1% buyer's agent commission. Images can be viewed at the link below:
https://drive.google.com/drive/folders/1k6otdbcubptB0-Wvj-jY5yg3nQS8BPC-?usp=sharing
Sold for $530,000
Zestimate®
$530,000
1585 Gull Ln, Mound, MN 55364
4beds
1,968sqft
MultiFamily
Built in 1954
-- sqft lot
$530,000 Zestimate®
$269/sqft
$1,621 Estimated rent
Home value
$530,000
$504,000 - $557,000
$1,621/mo
Zestimate® history
Owner options
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$1,621/mo
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$1,621/mo
Rent Zestimate®
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$3,313/mo
Est. payment
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$3,313/mo
Est. payment
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List your homeWhat's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Baseboard, Gas
Cooling
- Wall
Appliances
- Included: Dishwasher, Dryer, Freezer, Microwave, Range / Oven, Refrigerator, Washer
- Laundry: In Unit
Features
- Flooring: Tile, Other, Carpet, Hardwood
- Basement: None
- Has fireplace: Yes
Interior area
- Total interior livable area: 1,968 sqft
Property
Parking
- Total spaces: 2
- Parking features: Garage - Attached, Off-street
Features
- Exterior features: Wood
- Has view: Yes
- View description: Water
- Has water view: Yes
- Water view: Water
Lot
- Size: 6,403 sqft
Details
- Parcel number: 1311724120108
Construction
Type & style
- Home type: MultiFamily
Materials
- Roof: Asphalt
Condition
- Year built: 1954
Community & neighborhood
Location
- Region: Mound
Other
Other facts
- Cooling System: Air Conditioning
- Few Steps from Lake
- Garbage not included in rent
- Heating: Other
- Large Backyard
- Laundry: In Unit
- No Utilities included in rent
- Parking Type: Garage
- Parking Type: Parking Lot
- Sewage not included in rent
- Water not included in rent
Price history
| Date | Event | Price |
|---|---|---|
| 10/14/2024 | Sold | $530,000+63.1%$269/sqft |
Source: Public Record Report a problem | ||
| 3/24/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 7/22/2019 | Sold | $325,000+10.2%$165/sqft |
Source: Public Record Report a problem | ||
| 2/7/2019 | Listing removed | $295,000$150/sqft |
Source: Owner Report a problem | ||
| 11/8/2018 | Listed for sale | $295,000+11.5%$150/sqft |
Source: Owner Report a problem | ||
| 5/13/2018 | Listing removed | $950 |
Source: Zillow Rental Manager Report a problem | ||
| 5/6/2018 | Price change | $950-17.4% |
Source: Owner Report a problem | ||
| 4/15/2018 | Price change | $1,150-8%$1/sqft |
Source: Owner Report a problem | ||
| 4/9/2018 | Sold | $264,500-5.2%$134/sqft |
Source: | ||
| 4/4/2018 | Listed for rent | $1,250$1/sqft |
Source: Owner Report a problem | ||
| 3/12/2018 | Pending sale | $279,000$142/sqft |
Source: Keller Williams Realty Lake Minnetonka #4909196 Report a problem | ||
| 2/20/2018 | Listed for sale | $279,000+87.6%$142/sqft |
Source: Lake Minnetonka #4909196 Report a problem | ||
| 9/18/2017 | Sold | $148,688-5.8%$76/sqft |
Source: Public Record Report a problem | ||
| 7/8/2017 | Price change | $157,900-4.7%$80/sqft |
Source: REALHome Services and Solutions #4794286 Report a problem | ||
| 6/30/2017 | Listed for sale | $165,700-31.6%$84/sqft |
Source: REALHome Services and Solutions #4794286 Report a problem | ||
| 6/16/2016 | Sold | $242,187+7.6%$123/sqft |
Source: Public Record Report a problem | ||
| 7/14/2006 | Sold | $225,000$114/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,289 -37.8% | $445,700 +11.4% |
| 2024 | $6,895 +35.6% | $400,000 -8.4% |
| 2023 | $5,086 +8.4% | $436,700 +3.5% |
| 2022 | $4,692 +1.5% | $422,000 +29.1% |
| 2021 | $4,622 +0.3% | $327,000 +1.9% |
| 2020 | $4,608 -0.3% | $321,000 +7.7% |
| 2019 | $4,622 +0.3% | $298,000 +82.8% |
| 2018 | $4,608 +65.6% | $163,000 +6.5% |
| 2017 | $2,783 -35.8% | $153,000 +10.9% |
| 2016 | $4,337 +3.8% | $138,000 +8.7% |
| 2015 | $4,178 +12.1% | $127,000 +14.4% |
| 2014 | $3,726 +7.9% | $111,000 -5.9% |
| 2013 | $3,452 +3.1% | $118,000 -7.8% |
| 2012 | $3,349 +125.6% | $128,000 -7.9% |
| 2011 | $1,484 -50.6% | $139,000 -31.5% |
| 2010 | $3,004 +1.4% | $203,000 -5.6% |
| 2009 | $2,963 +29% | $215,000 +17.4% |
| 2006 | $2,297 +6.7% | $183,100 +14.9% |
| 2005 | $2,153 +11.6% | $159,300 +17% |
| 2004 | $1,930 +46% | $136,100 +13.2% |
| 2002 | $1,322 -30.2% | $120,200 |
| 2001 | $1,895 | -- |
Find assessor info on the county website
Neighborhood: 55364
Nearby schools
GreatSchools rating
- 10/10Grandview Middle SchoolGrades: 5-7Distance: 0.9 mi
- 9/10Mound-Westonka High SchoolGrades: 8-12Distance: 1.1 mi
- 10/10Hilltop Primary SchoolGrades: K-4Distance: 0.9 mi
Get a cash offer in 3 minutes
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Estimated market value
$530,000
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$530,000
- Minnesota
- Hennepin County
- Mound
- 55364
- 1585 Gull Ln

