NOT LISTED FOR SALE

5570 Maple Heights Rd Greenwood, MN 55331

Estimated Value: $3,165,000 - $8,828,000

5 Beds
9 Baths
13,949 Sq Ft
$457/Sq Ft Est. Value

Last Sold April 06, 2023

Last sale price $7,800,000 $559 Per Sq Ft

Est. 18% decrease in value since last sale

Current estimated payment $43,948/month

Highlights

  • 1,150 Feet of Waterfront
  • Home Theater
  • Lake View
  • Excelsior Elementary School Rated A
  • In Ground Pool
  • Fireplace in Primary Bedroom

About This Home

As of April 2023

Landmark Lake Minnetonka estate showcasing panoramic water views at every turn! World-class combination of architectural details and masterful craftsmanship, this home, completed by Erotas, was thoughtfully designed to create the perfect blend of indoor and outdoor living with French doors leading from the living spaces, to the terrace overlooking the pool! Features and Amenities: spacious gourmet kitchen with two center islands, Wolf + SubZero appliances and prep pantry, three season porch, main-level office with marble-surround fireplace, craft room, movie theater, dual wine rooms, exercise room, sauna, indoor spa, bar/lounge and elevator to easily access every level. Guest motor court and underground heated 8+ car garage with car wash. One-of-a-kind island setting with 1,150' of shoreline on 1.37 acres, unparalleled privacy while offering a close-in location just 5 minutes to all downtown Excelsior has to offer! Highly sought-after Minnetonka School District.

Last Listed By

Jeffrey Dewing

Coldwell Banker Realty Brokerage Phone: 612-597-0424 Listed on: 07/11/2022

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $67,079

Year Built

  • Built in 2004

Lot Details

  • 1.37 Acre Lot
  • 1,150 Feet of Waterfront
  • Lake Front

Parking

  • 8 Car Garage
  • Heated Garage
  • Garage Door Opener

Interior Spaces

  • 2-Story Property
  • Family Room with Fireplace
  • 6 Fireplaces
  • Living Room with Fireplace
  • Home Theater
  • Home Office
  • Home Gym
  • Lake Views

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal
  • The kitchen features windows

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Fireplace in Primary Bedroom

Laundry

  • Dryer
  • Washer

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Outdoor Features

  • In Ground Pool
  • Porch

Utilities

  • Forced Air Heating and Cooling System
  • Well

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 3511723120001

Home Details

Home Type

Single Family

Est. Annual Taxes

$67,079

Year Built

Built in 2004

Lot Details

0

Parking

8

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: Central Air
  • Garage Spaces: 8
  • Accessibility Features: Accessible Elevator Installed
  • Fireplaces: 6
  • Water Source: Well
  • Year Built: 2004
  • Above Grade Finished Sq Ft: 7342
  • Water Body Name: Minnetonka
  • Unit Levels: More Than 2 Stories
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Attribution Contact: 612-597-0424
  • Attribution Contact: 612-597-0424
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Finished, Full, Concrete, Walkout
  • Appliances: Dishwasher, Disposal, Dryer, Exhaust Fan, Microwave, Range, Refrigerator, Washer
  • Fireplace Features: Family Room, Living Room, Primary Bedroom
  • Living Area: 13949
  • Fireplace: Yes
  • Below Grade Finished Sq Ft: 6607
  • Basement YN: Yes
  • Dining Room Type: Living Room, Dining Room, Family Room, Kitchen, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Media Room, Exercise Room, Office, Three Season Porch
  • SqFtTotal: 0.00

Beds/Baths

  • Full Bathrooms: 1
  • Half Bathrooms: 3
  • Total Bedrooms: 5
  • Three Quarter Bathrooms: 5

Exterior Features

  • PoolFeatures: Below Ground, Outdoor Pool
  • Other Structures: Other
  • Lake Acres: 14729
  • LakeChain: N
  • Waterfront Frontage: 1150

Garage/Parking

  • Parking Features: Concrete, Garage Door Opener, Heated Garage
  • Garage Square Feet: 0

Utilities

  • Heating: Forced Air, Radiant Floor
  • Sewer: City Sewer/Connected
  • Fuel: Natural Gas

Condo/Co-op/Association

  • Association: No
  • Amenities Unit: Exercise Room,French Doors,Hardwood Floors,Kitchen Center Island,Kitchen Window,Primary Bedroom Walk-In Closet,Patio,Panoramic View,Sauna,Tile Floors,Vaulted Ceiling(s),Washer/Dryer Hookup,Wet Bar,Walk-In Closet

Schools

  • Junior High Dist: Minnetonka
  • SchoolDistrictNumber: 276
  • SchoolDistrictPhone: 952-401-5000

Lot Info

  • Waterfront YN: Yes
  • PropertyAttachedYN: No
  • Lot Size: Irregular
  • Lot Size Sq Ft: 59677.2
  • Land Lease: No
  • Lot Features: Tree Coverage - Heavy
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: Unknown
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Brick/Stone, Engineered Wood, Stucco

Tax Info

  • Tax Year: 2022
  • Assessor Parcel Number: 3511723120001
  • Tax Annual Amount: 67079
  • TaxWithAssessments: 67079.0000

Multi Family

  • WaterfrontFeatures: Lake Front, Lake View

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 11, 2022
Closed on
Mar 17, 2023
Sold by
Talebi Kamran M and Talebi Sara R
Bought by
Alizaden Ali and Alizadeh Joy Christine
Seller's Agent
Jeffrey Dewing
Coldwell Banker Realty
Buyer's Agent
NON-RMLS NON-RMLS
Non-MLS
List Price
$8,995,000
Sold Price
$7,800,000
Premium/Discount to List
-$1,195,000
-13.29%
Total Days on Market
0
Views
94
Current Estimated Value
$6,368,534

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,431,466
Avg. Annual Appreciation
-8.67%
Original Mortgage
$4,400,000
Outstanding Balance
$4,042,602
Interest Rate
5.76%
Mortgage Type
New Conventional
Estimated Equity
$2,428,838

Purchase Details

Closed on
Oct 4, 2013
Sold by
Crave Restaurant Llc
Bought by
Talebi Kamran M and Talebi Sara R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,100,000
Interest Rate
4.5%
Mortgage Type
Construction

Purchase Details

Closed on
Jan 31, 2013
Sold by
Isle Of Windemere Llc
Bought by
Talebi Kamran M and Talebi Sara R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,575,000
Interest Rate
3.38%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 8, 2002
Sold by
Swenson Sandra A
Bought by
Wirth Jeffrey J and Wirth Holly C

Purchase Details

Closed on
May 10, 2000
Sold by
Swendseen Joan M
Bought by
Swenson Sandra A

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Alizaden Ali $7,800,000 None Listed On Document
Talebi Kamran M -- Nations Title Agency Of Minn
Talebi Kamran M -- Land Title Inc
Wirth Jeffrey J $2,325,000 --
Swenson Sandra A $1,010,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Alizaden Ali $4,400,000
Previous Owner Talebi Kamran M $2,200,000
Previous Owner Talebi Kamran M $580,000
Previous Owner Talebi Kamran M $5,100,000
Previous Owner Talebi Kamran M $1,575,000
Previous Owner Isle Of Windemere Llc $2,000,000
Closed Wirth Jeffrey J --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/06/2023 04/06/23 Sold $7,800,000 -13.3% $559 / Sq Ft
07/11/2022 07/11/22 Pending -- -- --
07/11/2022 07/11/22 For Sale $8,995,000 -- $645 / Sq Ft
Source: NorthstarMLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2023 $100,834 $8,671,500 $2,772,400 $5,899,100
2022 $68,079 $7,694,000 $2,591,000 $5,103,000
2021 $68,553 $5,194,000 $2,016,000 $3,178,000
2020 $71,708 $5,140,000 $2,016,000 $3,124,000
2019 $72,128 $5,119,000 $1,920,000 $3,199,000
2018 $71,547 $5,036,000 $1,984,000 $3,052,000
2017 $64,085 $4,376,000 $1,600,000 $2,776,000
2016 $38,305 $2,567,000 $1,550,000 $1,017,000
2015 $24,288 $1,650,000 $1,550,000 $100,000
2014 -- $1,400,000 $1,300,000 $100,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6217602

NorthstarMLS

APN: 35-117-23-12-0001