222 Medina Road, Wayzata, MN 55391 (MLS# 6342792)

Overview

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.

General Property Information

Comp Sale YN: No
Development: No
Lot Measurement: Acres
Multiple PIDs?: Yes
Plat Recorded: No
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family, Residential-Single Famil
Lot Dimensions: 1390x904x1330x520
Acres: 20.78
Association Fee: 0

Property Features

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 Development Status: Raw Land Financing Terms: Cash Improvements: Paved Streets Land Inclusions: Abstract Lock Box Type: Supra Lot Description: Corner Lot; Suitable for Horses; Tree Coverage - Light Outbuildings: Pole Building Property SubType: Acreage; Development Road Frontage: City Street Road Responsibility: Public Maintained Road Sale Options: Sell Entirely Surface Water: Wetlands Topography: Rolling

Contract Information

Off Market Date: 2024-05-17
Contingency: None
Closed Date: 2024-05-31
Original List Price: 3999000
Sales Close Price: 1650000
ListPrice: 1900000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 222
Street Name: Medina Road
Postal City: Wayzata
County: Hennepin
State: MN
Zip Code: 55391

Additional Parcels Information

Property ID #2: 1311823410004

Assessments

Tax With Assessments: 9833.16
Assessment Balance: 0

More Information

Builder Information

Builder Restrictions: Open

Dimension Information

Lot Size Min: 0.25

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: Yes

Ownership

Fractional Ownership: No

Office/Member Info

Association: MAAR
MLSID: RMLS

Location, Tax and Other Information

AssocFeeYN: No
Legal Description: UNPLATTED 13 118 23 THAT PART OF NE 1/4 OF SE 1/4 LYING NLY OF MEDINA RD AND ELY OF WLY 331.20 FT THOF EXCEPT ROAD AND W 331.20 Ft Of That Part Of Ne 1/4 Of Se 1/4 Lying Nly Of Medina Rd
Listing City: Wayzata
Map Page: 90
Municipality: Medina
Rental License?: No
School District: Wayzata
School District Phone: 763-745-5000
Country: US
Property ID Number: 1311823410005
Tax Year: 2023
Tax Amount: 9833.16
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: 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.
Directions: Highway 55 to County Road 101 South to Medina Road West to property

Development Status

Raw Land: Yes

Financing Terms

Cash: Yes

Insurance Fee

Insurance Fee: 0

Lock Box Type

Supra: Yes

Lot Description

Corner Lot: Yes
Suitable for Horses: Yes
Tree Coverage - Light: Yes

Outbuildings

Pole Building: Yes

Restriction/Covenants

None: Yes

Road Frontage

City Street: Yes

Road Responsibility

Public Maintained Road: Yes

Sale Options

Sell Entirely: Yes

Topography

Rolling: Yes

Available Utilities

Cable Available: Yes
Cable Connected: Yes
Electricity Connected: Yes
Natural Gas Available: Yes
Natural Gas Connected: Yes
Phone Available: Yes
Phone Connected: Yes
Private Septic Connected: Yes
Private Well Connected: Yes
Sewer Available: Yes

Improvements

Paved Streets: Yes

Land Inclusions

Abstract: Yes

Property SubType

Acreage: Yes
Development: Yes

Surface Water

Wetlands: Yes