NOT LISTED FOR SALE

1607 Holdridge Terrace Wayzata, MN 55391

Estimated Value: $1,373,000 - $2,550,000

3 Beds
2 Baths
3,673 Sq Ft
$535/Sq Ft Est. Value

About This Home

This home is located at 1607 Holdridge Terrace, Wayzata, MN 55391 and is currently estimated at $1,965,896, approximately $535 per square foot. 1607 Holdridge Terrace is a home located in Hennepin County with nearby schools including Gleason Lake Elementary School, Wayzata West Middle School, and Wayzata High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 13, 2023
Sold by
Petersen Thomas W and Petersen Natalie
Bought by
Petersen Thomas W and Petersen Natalie
Current Estimated Value
$1,965,896

Purchase Details

Closed on
Sep 23, 2021
Sold by
Lecy Farms Llc
Bought by
Petersen Thomas W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
2.8%
Mortgage Type
Construction

Purchase Details

Closed on
Sep 15, 2021
Sold by
Lecy Farms Llc
Bought by
Petersen Thomas W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
2.8%
Mortgage Type
Construction

Purchase Details

Closed on
Apr 16, 2020
Sold by
Lewis Kyle M and Lewis Debra J
Bought by
Lecy Farms Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
3.4%
Mortgage Type
Land Contract Argmt. Of Sale

Purchase Details

Closed on
Mar 13, 2020
Sold by
Lewis Kyle M and Lewis Debra K
Bought by
Lecy Farms Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
3.4%
Mortgage Type
Land Contract Argmt. Of Sale

Purchase Details

Closed on
Jan 18, 2017
Sold by
Muyres Lois A and Muyres Marvin C
Bought by
Lewis Kyle M and Lewis Debra J

Purchase Details

Closed on
Sep 12, 2011
Sold by
Muryes Marvin C and Muyres Lois A
Bought by
Muyres Lois A and Muyers Marvin C
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

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Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

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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
Petersen Thomas W -- None Listed On Document
Petersen Thomas W $359,900 First American Title Ins Co
Petersen Thomas W $359,900 First American Title
Lecy Farms Llc $325,000 First American Title Ins Co
Lecy Farms Llc $325,000 None Available
Lewis Kyle M $36,473 Titlesmart Inc
Muyres Lois A -- None Available
Muryes Marvin C -- None Available
Petersen Thomas Thomas $359,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Petersen Thomas W $2,279,200
Previous Owner Petersen Thomas W $2,000,000
Previous Owner Petersen Thomas W $2,000,000
Previous Owner Lecy Farms Llc $225,000
Previous Owner Lewis Kyle M $625,000
Closed Petersen Thomas Thomas $359,900
Source: Public Records

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 $17,413 $1,503,900 $500,900 $1,003,000
2022 $4,829 $433,000 $338,000 $95,000
2021 $4,500 $338,000 $338,000 $0
2020 $2,711 $317,000 $317,000 $0
2019 $2,528 $184,000 $184,000 $0
2018 -- $171,000 $171,000 $0
Source: Public Records

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