Minneapolis · Commercial sale
Frosthaven buys 3 parcels in Orono for $4.5 million
A group of 3 parcels including 465 Spring Hill Rd, Orono sold for $4,500,000 on October 29, 2026. See the seller and buyer net sheets for this sale.
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- Sale price
- $4,500,000
- Sold
- October 29, 2026
- Property type
- Group of 3 parcels
The $4,500,000 sale was 13% above the last recorded sale price of $3,995,000 in 2020.
A group of 3 parcels, including 465 Spring Hill Rd in Orono, sold on October 29, 2026, according to the Certificate of Real Estate Value filed with the Minnesota Department of Revenue.
The record lists William M. Toles as the seller and Frosthaven LLC as the buyer.
This summary was written by AI from public sales records and checked by automated rules. The figures come from the record and the NetSheet.org rules engine. How we make these.
What were the closing costs in Hennepin County?
By our estimate, the seller's two largest charges, not counting prorations, were $15,300 for the state deed tax + Environmental Response Fund (Hennepin/Ramsey) and $8,850 for the owner's title insurance policy. Who pays what follows Hennepin County custom.
How much did the seller net?
By our estimate, the seller netted about $4,483,949. That is before any broker commissions and any loan payoff.
How much cash did the buyer bring to closing?
A cash buyer would need about $4,508,990 at closing. That covers the full price and closing costs.
Source: Minnesota Department of Revenue, Certificates of Real Estate Value, document 1936054. Property details: Hennepin County Assessor. Net sheets are estimates from the NetSheet.org rules engine, not the parties' actual closing statements. Request a correction or removal.
