300 W Lake St Waconia, MN 55387

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5 beds · 3 baths · 3,810 sq ft · Lot Size: 21,344 sq ft · Single Family Home
Est. Property Value: $647,938

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300 W Lake St is in the 55387 neighborhood of Waconia, MN. It is located in Carver County and ZIP code 55387. This Single Family Home was built in 1875 and is approximately 150 years old. The single family home spans 3810 sq ft with 5 bedrooms and 3 bathrooms and sits on a 21344 sq ft lot. According to public records, it was last sold in 2020 for $1,100,000 and has a tax-assessed value of $1,274,000, which is $170 per sq ft. Analyze and compare real estate investment strategies for properties like this home at 300 W Lake St Waconia, MN 55387 with Property Intel by Whitepages.

300 W Lake St

Waconia, MN 55387

Owner Info

Owners & Occupancy for 300 W Lake St

This property is owned by Bria M Welch. Owner contact information includes 7 phone numbers and 5 email addresses.

Property Owners

Cell Phone(303) ***-****View Cell Phone
Residence***********
Landline(952) 442-4447
Distance from Property**********
Email Address*********@msn.comView Email
OccupationSales Manager, Clipsystems
Cell Phone(765) ***-****View Cell Phone
Residence***********
Landline(765) 743-8290
Distance from Property**********
Email Address*******@yahoo.comView Email

Occupancy

Current Occupancy*****View Occupancy
Resident 1************ age 43
Resident 2************ age 47

Property Financials for 300 W Lake St

300 W Lake St, Waconia, MN has a mortgage from Old Nat'l Bk (orig. August 21, 2020). The Carver county assessment for 2022 values it at $1,274,000, with annual taxes of $16,978.

Mortgage & Equity Information

Loan Amount$******
LenderOld Nat'l Bk
Origination DateAugust 21, 2020
Interest Rate****%
Term30 Years
Rate TypeFixed
Est Balance$********
Due Date******************
Equity View Equity

Property Tax

Purchase DateAugust 21, 2020
Property Tax Amount$16,978 in 2023
Purchase Price$1,100,000
Assessed Value$1,274,000 on 2022

Investment Potential for 300 W Lake St

The property has a current estimated value of $647,938, which is 38% above the zip median, based on public records. It last sold on August 21, 2020 for $1.1M. Projected long-term
is $18,600 annually ($1,550 per month) with a 97% occupancy rate.

Discover more Single Family Homes in 55387.

Long-Term

Gross Rental
$18,600 per year($1,550 per month)
Net Operating Income
Cap Rate
Occupancy Rate
97%in 55387 zip code
 
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Property Details for 300 W Lake St

Property Details

Property Sq Ft

Living Area

3,810 sq ft

48% above market

Lot Size

21,344 sq ft

63% above market

Price Per Sq Ft

Living Area

$170 / sq ft

8% below market

Lot Size Area

$30 / sq ft

15% below market

Property condition, age, exterior, etc. for 300 W Lake…
Longitude: -93.790798 Latitude: 44.852009 Parcel Number (APN): 75.050461…

Recommended Properties in 55387

Discover more single family homes near 300 W Lake St in Waconia, Minnesota. Get property details like ownership length, owner age, and occupancy status to help you find the best real estate opportunities in this neighborhood.

Market Benchmarks

Compare data for 300 W Lake St in Carver County to the median in the zip code area and surrounding markets, where available.
View zip code benchmarks
Property
State
Difference
$647,938
$410,298
$237,640 (58%)
$475,939
$281,469 (59%)
YoY Price Change
Year Built
1875
1987
-112 years
Living Space
3,810 sq ft
2,316 sq ft
1494 (65%)
$ Per Living Sq Ft
$170
$180
-$10 (-5%)
Lot Size
21,344 sq ft
14,246 sq ft
7098 (50%)
$ Per Lot Sq Ft
$30
$28
$2 (8%)

Net Operating Income
$19,241
-$24,782 (-129%)
Annual Revenue
$18,600
$31,200
-$12,600 (-40%)
$11,863
$12,278 (103%)
Net Operating Income
$19,241
-$24,782 (-129%)
Cap Rate
4.76%
Home Value Comparison: Property vs. Local and Regional 5-Bed Single Family Home Medians

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