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Sold for $530,000
  • $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
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    What's special

    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

    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

    DateEventPrice
    10/14/2024Sold$530,000+63.1%$269/sqft
    Source: Public Record Report a problem
    3/24/2021Listing removed--
    Source: Owner Report a problem
    7/22/2019Sold$325,000+10.2%$165/sqft
    Source: Public Record Report a problem
    2/7/2019Listing removed$295,000$150/sqft
    Source: Owner Report a problem
    11/8/2018Listed for sale$295,000+11.5%$150/sqft
    Source: Owner Report a problem
    5/13/2018Listing removed$950
    Source: Zillow Rental Manager Report a problem
    5/6/2018Price change$950-17.4%
    Source: Owner Report a problem
    4/15/2018Price change$1,150-8%$1/sqft
    Source: Owner Report a problem
    4/9/2018Sold$264,500-5.2%$134/sqft
    Source: NorthstarMLS as distributed by MLS GRID #4909196 Report a problem
    4/4/2018Listed for rent$1,250$1/sqft
    Source: Owner Report a problem
    3/12/2018Pending sale$279,000$142/sqft
    Source: Keller Williams Realty Lake Minnetonka #4909196 Report a problem
    2/20/2018Listed for sale$279,000+87.6%$142/sqft
    Source: Lake Minnetonka #4909196 Report a problem
    9/18/2017Sold$148,688-5.8%$76/sqft
    Source: Public Record Report a problem
    7/8/2017Price change$157,900-4.7%$80/sqft
    Source: REALHome Services and Solutions #4794286 Report a problem
    6/30/2017Listed for sale$165,700-31.6%$84/sqft
    Source: REALHome Services and Solutions #4794286 Report a problem
    6/16/2016Sold$242,187+7.6%$123/sqft
    Source: Public Record Report a problem
    7/14/2006Sold$225,000$114/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax 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
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    Estimated market value
    $530,000
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    Estimated market value
    $530,000