NOT LISTED FOR SALE

16103 Crosby Cove Rd Wayzata, MN 55391

Estimated Value: $2,946,000 - $3,472,000

5 Beds
4.5 Baths
6,939 Sq Ft
$467/Sq Ft Est. Value

Last Sold November 14, 2023

Last sale price $3,070,000 $442 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $21,324/month

81 Days on Market

Highlights

  • Deeded Waterfront Access Rights
  • Waterfront Community
  • Bonus Room
  • Gleason Lake Elementary School Rated A
  • 2 Fireplaces
  • Home Office

About This Home

As of November 2023

Welcome to Crosby Cove, one of Lake Minnetonka's most sought-after neighborhoods conveniently located within walking distance of Wayzata. Built to last with extensive 2023 updates,this exquisite family home exhibits unsurpassed quality featuring custom architectural design from SKD Architects, and is masterfully built with impeccable detail by L.Cramer. Priced well below replacement cost, this pristine property is a new construction alternative and features all the right spaces for daily living and entertainment including an entertainer's main floor with an epicurean kitchen, laundry, executive office, and extensive seating areas. Upper-level sumptuous primary suite with three additional bedrooms,and oversized bonus/flex room. Lower-level walkout with endless entertainment options, functional guest space,gym and storage. The private fenced-in backyard is ideal for a future pool and/or sport court. Enjoy the Lake Minnetonka lifestyle with association dedicated boat slips on Grays Bay.

Last Agent to Sell the Property

Daniel Hollerman

Compass Listed on: 06/17/2023

Compass

Last Buyer's Agent

Stephane Cattelin

Coldwell Banker Realty

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $36,939

Year Built

  • Built in 2008

Lot Details

  • 0.58

HOA Fees

  • $375 Monthly HOA Fees

Parking

  • 3 Car Attached Garage

Home Design

  • Flex
  • Shake Siding

Interior Spaces

  • 2-Story Property
  • Wet Bar
  • 2 Fireplaces
  • Family Room
  • Living Room
  • Home Office
  • Bonus Room
  • Game Room
  • Utility Room
  • Home Gym

Kitchen

  • Built-In Double Oven
  • Cooktop<<rangeHoodToken>>
  • <<microwave>>
  • Freezer
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms

Laundry

  • Dryer
  • Washer

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Basement Window Egress

Additional Features

  • Air Exchanger
  • Deeded Waterfront Access Rights
  • 0.58 Acre Lot
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 0811722410041

Community Details

Overview

  • Association fees include lawn care, snow removal
  • Crosby Cove Homeowners Assoc Association, Phone Number (612) 710-7170
  • Crosby Cove Subdivision

Recreation

  • Waterfront Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$36,939

Year Built

Built in 2008

Lot Details

0

HOA Fees

$375 per month

Parking

3

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: Central Air
  • Garage Spaces: 3
  • Accessibility Features: None
  • Fireplaces: 2
  • Water Source: City Water/Connected
  • Fee Frequency: Monthly
  • Year Built: 2008
  • Above Grade Finished Sq Ft: 5150
  • Water Body Name: Minnetonka
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Egress Window(s), Finished, Full, Concrete, Walkout
  • Appliances: Air-To-Air Exchanger, Cooktop, Dishwasher, Disposal, Double Oven, Dryer, Exhaust Fan, Freezer, Microwave, Refrigerator, Wall Oven, Washer
  • Fireplace Features: Gas
  • Living Area: 6939
  • Fireplace: Yes
  • Below Grade Finished Sq Ft: 1789
  • Basement YN: Yes
  • Dining Room Type: Living Room, Dining Room, Family Room, Kitchen, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Amusement Room, Bar/Wet Bar Room, Bonus Room, Exercise Room, Flex Room, Sun Room, Laundry, Mud Room, Office, Utility Room

Beds/Baths

  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Three Quarter Bathrooms: 1

Exterior Features

  • Roof: Shake
  • ConstructionMaterialsDesc: Concrete,Frame
  • PatioPorchType: Deck,Front Porch,Patio,Porch
  • Lake Acres: 14729
  • LakeChain: N

Garage/Parking

  • Parking Features: Attached Garage, Driveway - Other Surface
  • Garage Square Feet: 726

Utilities

  • Heating: Forced Air, Radiant Floor
  • Sewer: City Sewer - In Street
  • Electric: Circuit Breakers
  • Fuel: Natural Gas
  • Power Company: Xcel Energy

Condo/Co-op/Association

  • HOA Fee Includes: Lawn Care, Snow Removal
  • Phone: 612-710-7170
  • Association Fee: 375
  • Association: Yes

Association/Amenities

  • HOA Management Co: Crosby Cove Homeowners Assoc

Schools

  • Junior High Dist: Wayzata
  • SchoolDistrictNumber: 284
  • SchoolDistrictPhone: 763-745-5000

Lot Info

  • Waterfront YN: No
  • PropertyAttachedYN: No
  • Lot Size: W126X200X125X204
  • Lot Size Sq Ft: 25264.8
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Brick/Stone, Shake Siding

Tax Info

  • Tax Year: 2023
  • Assessor Parcel Number: 0811722410041
  • Tax Annual Amount: 36939
  • TaxWithAssessments: 36939.2000

Multi Family

  • WaterfrontFeatures: Association Access, Deeded Access, Dock

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 17, 2023
Closed on
Nov 6, 2023
Sold by
Besikof Justin B and Besikof Meira S
Bought by
Frederic Vereecken Trust and Vereecken
Seller's Agent
Daniel Hollerman
Compass
Buyer's Agent
Stephane Cattelin
Coldwell Banker Realty
List Price
$3,595,000
Sold Price
$3,070,000
Premium/Discount to List
-$525,000
-14.6%
Views
265
Current Estimated Value
$3,242,937

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$172,937
Avg. Annual Appreciation
3.34%

Purchase Details

Closed on
Oct 19, 2007
Sold by
L Cramer Co Inc
Bought by
Besikof Justin and Besikof Meira
Source: Public Records

Range of Values:

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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
Frederic Vereecken Trust $3,070,000 Burnet Title
Besikof Justin $615,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Besikof Justin B $400,000
Previous Owner Besikof Justin B $2,366,000
Previous Owner Besikof Justin B $1,350,000
Previous Owner Besikof Justin B $600,000
Previous Owner Besikof Justin B $1,350,000
Previous Owner Besikof Justin B $600,000
Previous Owner Besikof Justin B $500,000
Previous Owner Besikof Justin B $1,500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/14/2023 11/14/23 Sold $3,070,000 -6.8% $442 / Sq Ft
09/08/2023 09/08/23 Pending -- -- --
08/04/2023 08/04/23 Price Changed $3,295,000 -5.0% $475 / Sq Ft
07/13/2023 07/13/23 Price Changed $3,469,500 -3.5% $500 / Sq Ft
06/19/2023 06/19/23 For Sale $3,595,000 -- $518 / 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 $36,468 $2,650,800 $721,800 $1,929,000
2022 $39,542 $2,650,800 $721,800 $1,929,000
2021 $40,404 $2,533,500 $721,800 $1,811,700
2020 $39,226 $2,608,400 $721,800 $1,886,600
2019 $36,490 $2,446,700 $721,800 $1,724,900
2018 $37,341 $2,300,000 $656,200 $1,643,800
2017 $27,167 $1,699,200 $500,000 $1,199,200
2016 $27,135 $1,677,000 $500,000 $1,177,000
2015 $23,148 $1,410,500 $500,000 $910,500
2014 -- $1,433,000 $500,000 $933,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6314008

NorthstarMLS

APN: 08-117-22-41-0041