NOT LISTED FOR SALE

1450 Bracketts Point Rd Wayzata, MN 55391

Estimated Value: $3,355,000 - $7,185,670

2.16 Acres
$2,716,616 Price per Acre
94,090 Sq Ft Lot

Sale Details

Date Sold: June 15, 2023

Last sale price $6,850,000

Est. 14% decrease in value since last sale

Current estimated payment $36,123 / mo

Highlights

  • 570 Feet of Waterfront
  • Docks
  • No HOA
  • Schumann Elementary School Rated A-
  • Lake View

About This Lot

As of June 2023

Sold before print. Approximately 570 feet of west facing shoreline at the end of Bracketts Point.

Last Agent to Sell the Property

George Stickney

Coldwell Banker Realty Listed on: 06/14/2023

Coldwell Banker Realty

Co-Listed By

David Stickney

Coldwell Banker Realty

Last Buyer's Agent

Mimi Bendickson

Compass

Compass

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $48,891

Lot Details

  • 570 Feet of Waterfront
  • Lake Front
  • Finished Lot(s)

Property Views

  • Lake Views

Listing and Financial Details

  • Assessor Parcel Number 1111723330007

Community Details

Overview

  • No Home Owners Association
  • Bracketts Point 2Nd Add Subdivision

Recreation

  • Docks

Property Details

Property Type

Land

Est. Annual Taxes

$48,891

Listing Details

  • Type: Land
  • Development Status: Finished Lot(s)
  • Water Body Name: Minnetonka
  • FractionalOwnershipYN: No
  • Rental License?: No
  • BuilderRestrict: Open
  • Improvements: Curbs,Paved Streets
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Inclusions: Platted

Exterior Features

  • LakeChain: N
  • Waterfront Frontage: 570

Utilities

  • Utilities: None Connected, Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Phone Available

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Orono
  • SchoolDistrictPhone: 952-449-8305

Lot Info

  • Topography: Walkout
  • Waterfront YN: Yes
  • Lot Size: Irregular
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No

Tax Info

  • Tax Year: 2023
  • Assessor Parcel Number: 1111723330007
  • Tax Annual Amount: 48891
  • TaxWithAssessments: 48890.6200

Multi Family

  • WaterfrontFeatures: Dock, Lake Front, Lake View

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 14, 2023
Closed on
Jun 13, 2023
Sold by
Bruce G Paddock Revocable Trust
Bought by
Stenehjem Stephen Peter and Stenehjem Stacey M
Seller's Agent
George Stickney
Coldwell Banker Realty
Buyer's Agent
Mimi Bendickson
Compass
List Price
$6,850,000
Sold Price
$6,850,000
Current Estimated Value
$5,867,890

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$982,110
Avg. Annual Appreciation
-5.25%

Purchase Details

Closed on
Oct 19, 2020
Sold by
Paddock Bruce G
Bought by
Paddock Bruce G and Bruce G Paddock Revocable Trus

Purchase Details

Closed on
Aug 6, 2007
Sold by
Paddock Bruce G
Bought by
Sommarstuga Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$7,250,000
Interest Rate
6.5%
Mortgage Type
Land Contract Argmt. Of Sale

Purchase Details

Closed on
Jul 23, 2007
Sold by
Thistledor Llp
Bought by
Paddock Bruce

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$7,250,000
Interest Rate
6.5%
Mortgage Type
Land Contract Argmt. Of Sale

Purchase Details

Closed on
Jan 2, 2007
Sold by
Thistledor Lp
Bought by
Paddock Bruce

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$7,250,000
Interest Rate
6.5%
Mortgage Type
Land Contract Argmt. Of Sale
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Stenehjem Stephen Peter $6,850,000 None Listed On Document
Paddock Bruce G -- None Available
Sommarstuga Llc $5,250,000 --
Paddock Bruce $12,250,000 --
Paddock Bruce $12,250,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Paddock Bruce $7,250,000
Previous Owner Paddock Bruce $7,250,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/15/2023 06/15/23 Sold $6,850,000 0.0% --
06/14/2023 06/14/23 Pending -- -- --
06/14/2023 06/14/23 For Sale $6,850,000 -- --
Source: NorthstarMLS

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
2024 $62,706 $5,280,000 $5,280,000 --
2023 $52,839 $4,620,000 $4,620,000 $0
2022 $50,052 $4,200,000 $4,200,000 $0
2021 $54,155 $3,850,000 $3,850,000 $0
2020 $49,412 $4,181,000 $4,181,000 $0
2019 $60,160 $3,650,000 $3,650,000 $0
2018 $55,572 $4,373,000 $4,373,000 $0
2017 $53,285 $3,750,000 $3,750,000 $0
2016 $59,770 $4,200,000 $4,200,000 $0
2015 $57,261 $4,025,000 $4,025,000 $0
2014 -- $4,025,000 $4,025,000 $0
Source: Public Records

Agents Affiliated with this Home

  • George Stickney

    Seller's Agent in 2023

    George Stickney

    Coldwell Banker Realty

    (952) 476-3694

    35 in this area

    223 Total Sales

    George Stickney
    Section Image
  • David Stickney

    Seller Co-Listing Agent in 2023

    David Stickney

    Coldwell Banker Realty

    (952) 250-0122

    33 in this area

    170 Total Sales

    David Stickney
    Section Image
  • Mimi Bendickson

    Buyer's Agent in 2023

    Mimi Bendickson

    Compass

    (612) 695-8321

    23 in this area

    85 Total Sales

    Mimi Bendickson
    Section Image
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Map

Source: NorthstarMLS

MLS Number: 6384955

NorthstarMLS

APN: 11-117-23-33-0007

Minnesota Hennepin County Wayzata 55391

1450 Bracketts Point Rd, Wayzata, MN

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

NorthstarMLS All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of NorthstarMLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID

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