1397 Orono Ln Wayzata, MN 55391
3
Beds
3.5
Baths
3,202
Sq Ft
0.62
Acres
Highlights
- 116 Feet of Waterfront
- Beach Access
- Living Room with Fireplace
- Schumann Elementary School Rated A-
- Lake View
- Recreation Room
About This Home
As of October 2023Spectacular John Kraemer & Sons down to the studs remodel. The perfect condominium alternative with main level living with the primary suite, upstairs guest area and a lower-level fitness area with a sauna, steam shower, massage room as well as access to the 3-car garage. Great outdoor spaces with a screen porch and large paver patio to soak up the south facing lake views and the sweeping lawn to 116 feet of shoreline. Sited on 2/3 acre on Browns Bay and just minutes to Downtown Wayzata. Convenient highway access to get to the airport and Downtown Minneapolis easily.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $19,306
Year Built
- Built in 1938
Lot Details
- 0.62 Acre Lot
- 116 Feet of Waterfront
- Lake Front
- Street terminates at a dead end
Parking
- 3 Car Attached Garage
- Parking Storage or Cabinetry
- Heated Garage
- Garage Door Opener
Home Design
- Slate Roof
- Composition Roof
Interior Spaces
- 1.5-Story Property
- Electric Fireplace
- Living Room with Fireplace
- 2 Fireplaces
- Recreation Room
- Screened Porch
- Storage Room
- Washer and Dryer Hookup
- Utility Room Floor Drain
- Lake Views
Kitchen
- Microwave
- Dishwasher
- Stainless Steel Appliances
- The kitchen features windows
Bedrooms and Bathrooms
- 3 Bedrooms
- Primary Bedroom on Main
- Walk-In Closet
Finished Basement
- Basement Fills Entire Space Under The House
- Basement Storage
Outdoor Features
- Beach Access
Utilities
- Forced Air Heating and Cooling System
- Boiler Heating System
- Well
Community Details
- No Home Owners Association
- Sauna
Listing and Financial Details
- Assessor Parcel Number 0211723340007
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 15, 2023
Closed on
Oct 9, 2023
Sold by
Kraemer Gary J
Bought by
Holtz Cynthia B
Seller's Agent
John Adams
Compass
Buyer's Agent
Julie Regan
Lakes Sotheby's International Realty
List Price
$4,995,000
Sold Price
$4,175,000
Premium/Discount to List
-$820,000
-16.42%
Views
147
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-6.37%
Original Mortgage
$2,100,000
Outstanding Balance
$734,272
Interest Rate
7.31%
Mortgage Type
New Conventional
Estimated Equity
$2,986,751
Purchase Details
Closed on
Aug 10, 2021
Sold by
Greene Allison F and Greene Roger Alan
Bought by
Fox David K and Fox Margene
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,720,000
Interest Rate
2.8%
Mortgage Type
New Conventional
Purchase Details
Closed on
Aug 4, 2021
Sold by
Greene Allison F and Greene Roger Alan
Bought by
Kraemer Gary John
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,720,000
Interest Rate
2.8%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 3, 2018
Sold by
Wells Dana M
Bought by
Greene Alison F and Greene Roger Alan
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,120,000
Interest Rate
3.87%
Mortgage Type
Adjustable Rate Mortgage/ARM
Similar Homes in Wayzata, MN
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Rerecorded Deed | $4,175,000 | Burnet Title | |
| Warranty Deed | $2,150,000 | Burnet Title | |
| Warranty Deed | $2,150,000 | Burnet Title | |
| Warranty Deed | $2,150,000 | Burnet Title | |
| Warranty Deed | $1,400,000 | Executive Associates Title | |
| Warranty Deed | $1,400,000 | Executive Associates Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $2,100,000 | New Conventional | |
| Previous Owner | $1,000,000 | New Conventional | |
| Previous Owner | $1,720,000 | New Conventional | |
| Previous Owner | $1,720,000 | New Conventional | |
| Previous Owner | $1,120,000 | Adjustable Rate Mortgage/ARM |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/18/2025 06/18/25 | Price Changed | $3,750,000 | -6.1% | $1,061 / Sq Ft |
| 05/19/2025 05/19/25 | For Sale | $3,995,000 | -4.3% | $1,130 / Sq Ft |
| 10/27/2023 10/27/23 | Sold | $4,175,000 | -16.4% | $1,304 / Sq Ft |
| 07/14/2023 07/14/23 | Pending | -- | -- | -- |
| 02/13/2023 02/13/23 | For Sale | $4,995,000 | -- | $1,560 / Sq Ft |
Source: NorthstarMLS
Tax History Compared to Growth
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 | $30,206 | $2,726,000 | $2,201,000 | $525,000 |
| 2022 | $19,306 | $2,245,000 | $1,821,000 | $424,000 |
| 2021 | $18,654 | $1,570,000 | $1,273,000 | $297,000 |
| 2020 | $17,727 | $1,524,000 | $1,235,000 | $289,000 |
| 2019 | $18,675 | $1,393,000 | $1,123,000 | $270,000 |
| 2018 | $18,607 | $1,441,000 | $1,170,000 | $271,000 |
| 2017 | $17,381 | $1,307,000 | $1,071,000 | $236,000 |
| 2016 | $14,924 | $1,134,000 | $1,052,000 | $82,000 |
| 2015 | $14,354 | $1,095,000 | $1,013,000 | $82,000 |
| 2014 | -- | $1,092,000 | $1,013,000 | $79,000 |
Source: Public Records
Agents Affiliated with this Home
-
J
Seller's Agent in 2025
Julie Regan
Lakes Sotheby's International Realty
-
J
Seller Co-Listing Agent in 2025
Jeff Hornig
Lakes Sotheby's International Realty
-
J
Seller's Agent in 2023
John Adams
Compass
Map
Source: NorthstarMLS
MLS Number: 6269334
APN: 02-117-23-34-0007
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