NOT LISTED FOR SALE

1480 Bracketts Point Rd Wayzata, MN 55391

Estimated Value: $6,604,000 - $8,742,000

7 Beds
6.5 Baths
8,636 Sq Ft
$865/Sq Ft Est. Value

Last Sold November 03, 2020

Last sale price $5,700,000 $660 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $48,126/month

408 Days on Market

Highlights

  • Lake Front
  • Beach View
  • Heated Floors
  • Schumann Elementary School Rated A-
  • Dock Available
  • 2.25 Acre Lot

About This Home

As of November 2020

Rare, and Historic Bracketts Point opportunity. This prime, landmark, lakeshore estate is offered for the first time in many years. Captivating and dramatic views of nearly the entire main Lower lake! Enjoy both sunrises and sunsets with over 440+ feet of lakeshore on this private and exclusive 2.25 acre site. This classic, generational, and charming East coast colonial could be remodeled, or this would be a rare and fantastic building site. There is use of the Tennis court out lot included with the sale. Survey is available, and this offering represents one of the last opportunities of this kind on the entire lake. The property is shown by appointment only to qualified buyers.

Last Listed By

Ellen DeHaven

Coldwell Banker Realty Listed on: 08/21/2019

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $62,442

Year Built

  • Built in 1915

Lot Details

  • 2.25 Acre Lot
  • Lake Front
  • Irregular Lot
  • Sprinkler System

Parking

  • 3 Car Attached Garage

Property Views

  • Beach
  • Bay
  • Panoramic

Home Design

  • Wood Shingle Roof
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 8,636 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Woodwork
  • Vaulted Ceiling
  • Ceiling Fan
  • Skylights
  • Wood Burning Fireplace
  • Gas Fireplace
  • French Doors
  • Panel Doors
  • Family Room with Fireplace
  • 5 Fireplaces
  • Living Room with Fireplace
  • Home Gym
  • Home Security System
  • Partially Finished Basement

Kitchen

  • Built-In Oven
  • Indoor Grill
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Heated Floors
  • Tile

Bedrooms and Bathrooms

  • 7 Bedrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Dock Available
  • Patio

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Window Unit Cooling System
  • Vented Exhaust Fan
  • Hot Water Heating System
  • Iron Water Filter
  • Water Filtration System
  • Well
  • Water Softener is Owned

Community Details

  • No Home Owners Association
  • Bracketts Point Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1111723330005

Home Details

Home Type

Single Family

Est. Annual Taxes

$62,442

Year Built

Built in 1915

Lot Details

0

Parking

3

Listing Details

  • Type: Single Family
  • Property Subtype 1: (SF) Single Family
  • Cooling System: Wall, Window
  • Outside Features: Wood
  • Garage Spaces: 3.00
  • Accessibility Features: None
  • Fireplaces: 5
  • Water Source: Well
  • Fuel Type: Natural Gas
  • Year Built: 1915
  • Fractional Ownership Y N: No
  • Above Grade Finished Sq Ft: 8636.00
  • Above Grade Finished Area Search: 8636.00
  • Above Grade Finished Sq Ft: 8636.00
  • Below Grade Units: Square Feet
  • Carport Y N: No
  • Elevation High Point Waterfront: 4-10
  • Floor Plan Type: 4 BR on One Level, Main Floor Laundry
  • Foundation Area Units: Square Feet
  • Garage Area: 759.00
  • Garage Area Units: Square Feet
  • Internet Entire Listing Display: Yes
  • Lake Bottom Type: Sand
  • Lake Depth Feet: 113
  • List A O R Key Numeric: 9091
  • Listing Organization: Regional MLS of Minnesota
  • Living Area Finished: 8636.00
  • Living Area Finished Units: Square Feet
  • Main Level Area: 4899.00
  • Main Level Area Units: Square Feet
  • Parcel Numbers: 1111723330005
  • Rental License: No
  • Stories Type: Two
  • Water Body Name: Minnetonka
  • Waterfront Frontage: 440
  • Waterfront Slope Type: Gradual
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Basement: Partial Finished
  • Appliances: Dishwasher, Disposal, Dryer, Exhaust Fan/Hood, Furnace Humidifier, Indoor Grill, Iron Filter, Microwave, Range, Refrigerator, Wall Oven, Washer, Water Filtration System, Water Osmosis System, Water Softener - Owned
  • Fireplace Features: Family Room, Gas Burning, Living Room, Master Bedroom, Wood Burning
  • Dining Room Features: Separate/Formal Dining Room
  • Family Room Features: Main Level
  • Bathroom Type: Full Master, Main Floor 1/2 Bath, Upper Level Full Bath
  • Living Area: 8636.00
  • Fireplace: Yes
  • Stories: 2

Beds/Baths

  • Full Bathrooms: 6
  • Half Bathrooms: 1
  • Total Bathrooms: 7
  • Total Bedrooms: 7

Exterior Features

  • Roof: Age Over 8 Years, Composition, Wood Shingles
  • LakeAcres: 14729.56000
  • Waterfront View: Bay, East, Panoramic
  • PoolFeatures: None
  • Fencing: Other
  • Road Between Waterfront And Home: No

Garage/Parking

  • Parking Features: Attached Garage, Driveway - Asphalt

Utilities

  • Heating: Fireplace, Hot Water, In-Floor Heating
  • Sewer: City Sewer/Connected

Association/Amenities

  • Association Fee Yn: No
  • Property Amenities: Ceiling Fan(s), Dock, Exercise Room, French Doors, Hardwood Floors, In-Ground Sprinkler, Kitchen Window, Master Bedroom Walk-In Closet, Natural Woodwork, Paneled Doors, Panoramic View, Patio, Security System, Skylight, Sun Room, Tile Floors, Vaulted Ceiling(s), Walk-Up Attic, Washer/Dryer Hookup, Wet Bar

Schools

  • School District: 278 - Orono
  • School District Phone: 952-449-8305

Lot Info

  • Zoning: Residential-Single Family
  • Construction: Previously Owned
  • Waterfront YN: Yes
  • PropertyAttachedYN: No
  • Assessment Pending: Unknown
  • Lot Size: 279
  • Homestead: Yes
  • LandLeaseAmountFrequency: No
  • Lot Features: Irregular Lot, Tree Coverage - Medium
  • Lot Size Acres: 2.2500
  • Lot Size Area Units: Square Feet

Building Info

  • New Development: No

Tax Info

  • TaxLegalDescription: LOT 002 BLOCK 001 BRACKETTS POINT
  • Tax Amount: 62442.00
  • Tax Year: 2020
  • Tax With Assessments: 62442.00
  • Assessor Parcel Number: 1111723330005

Multi Family

  • Above Grade Finished Sq Ft: Square Feet
  • WaterfrontFeatures: Lake Front

MLS Schools

  • School District Name: 278 - Orono

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 21, 2019
Closed on
Nov 2, 2020
Sold by
Headrick Mark C and Headrick Laurie S
Bought by
Wayzata Bay Llc
Seller's Agent
Ellen DeHaven
Coldwell Banker Realty
Buyer's Agent
Brian Benson
Compass
List Price
$6,495,000
Sold Price
$5,700,000
Premium/Discount to List
-$795,000
-12.24%
Total Days on Market
408
Current Estimated Value
$7,472,322

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,772,322
Avg. Annual Appreciation
6.19%

Purchase Details

Listed on
Aug 21, 2019
Closed on
Oct 31, 2020
Sold by
Headrick Roger L and Headrick Lynn C
Bought by
Headrick Mark C and Headrick Laurie S
Seller's Agent
Ellen DeHaven
Coldwell Banker Realty
Buyer's Agent
Brian Benson
Compass
List Price
$6,495,000
Sold Price
$5,700,000
Premium/Discount to List
-$795,000
-12.24%

Purchase Details

Closed on
Aug 2, 2001
Sold by
Headrick Roger L
Bought by
Headrick Mark C and Headrick Laurie S

Range of Values:

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Average Value
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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
Wayzata Bay Llc $5,700,000 Burnet Title
Headrick Mark C -- None Available
Headrick Mark C $2,250,000 --
-- $5,700,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Headrick Mark C $1,200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/03/2020 11/03/20 Sold $5,700,000 -12.2% $660 / Sq Ft
10/12/2020 10/12/20 Pending -- -- --
01/17/2020 01/17/20 Price Changed $6,495,000 0.0% $752 / Sq Ft
01/17/2020 01/17/20 For Sale $6,495,000 +13.9% $752 / Sq Ft
11/25/2019 11/25/19 Off Market $5,700,000 -- --
08/30/2019 08/30/19 For Sale $6,595,000 -- $764 / Sq Ft
Source: NorthstarMLS

Tax History Compared to Growth

Source: Public Records

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 $80,388 $7,113,600 $6,600,000 $513,600
2022 $71,372 $6,434,000 $6,000,000 $434,000
2021 $67,692 $5,575,000 $5,250,000 $325,000
2020 $62,442 $5,310,000 $5,018,000 $292,000
2019 $63,399 $4,696,000 $4,373,000 $323,000
2018 $59,821 $4,692,000 $4,373,000 $319,000
2017 $49,110 $3,540,000 $3,125,000 $415,000
2016 $43,329 $3,130,000 $2,760,000 $370,000
2015 $41,669 $3,015,000 $2,645,000 $370,000
2014 -- $3,005,000 $2,645,000 $360,000
Source: Public Records

Agents Affiliated with this Home

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Source: NorthstarMLS

MLS Number: NST5278416

NorthstarMLS

APN: 11-117-23-33-0005