1640 Locust Hills Place Wayzata, MN 55391
4
Beds
3.5
Baths
4,736
Sq Ft
0.28
Acres
Highlights
- Deeded Waterfront Access Rights
- Dock Facilities
- Home fronts a pond
- Gleason Lake Elementary School Rated A
- Heated In Ground Pool
- Game Room
About This Home
As of July 2023Located in sought-after Locust Hills and offers an ideal floorplan with a luxurious main level owner’s suite. Enjoy private and scenic views of nature throughout this home offering southern exposure of a wooded pond setting. An artfully crafted sunroom addition has seamlessly expanded the main level footprint and provided additional natural light into the great room. Enjoy vaulted and beamed ceiling accents, a discreetly designed home central and walk-in pantry, main level laundry + owner’s suite, three bedrooms downstairs, spacious lower-level family room with a gorgeous walk-up bar and a new wine wall feature. Shows like a model home in like-new condition. Impressive list of upgrades made since purchase available in supplements. The Locust Hills community provides a suite of conveniences for a low maintenance lifestyle to include lawn care, snow removal, ~2 miles of walking trails, clubhouse with pool and gathering spaces as well as deeded boat slips. 36' boat slip included!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $28,455
Year Built
- Built in 2013
Lot Details
- 0.28 Acre Lot
- Lot Dimensions are 80x136x128x110
- Home fronts a pond
HOA Fees
- $1,266 Monthly HOA Fees
Parking
- 3 Car Attached Garage
- Parking Storage or Cabinetry
- Heated Garage
- Insulated Garage
Home Design
- Pitched Roof
- Shake Siding
Interior Spaces
- 1-Story Property
- Wet Bar
- Family Room
- Living Room with Fireplace
- Home Office
- Game Room
Kitchen
- Cooktop
- Freezer
- Dishwasher
- Disposal
- The kitchen features windows
Bedrooms and Bathrooms
- 4 Bedrooms
Laundry
- Dryer
- Washer
Finished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
Outdoor Features
- Heated In Ground Pool
- Deeded Waterfront Access Rights
- Dock Facilities
Utilities
- Forced Air Heating and Cooling System
Listing and Financial Details
- Assessor Parcel Number 0811722210005
Community Details
Overview
- Association fees include dock, lawn care, ground maintenance, professional mgmt, security, shared amenities, snow removal
- Rowcal Association, Phone Number (651) 233-1307
- Locust Hills Subdivision
Amenities
- Community Garden
Recreation
- Community Pool
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 8, 2023
Closed on
Jul 13, 2023
Sold by
Lilac Hills Revocable Trust
Bought by
Kj Associates Revocable Trust and Low
Seller's Agent
John Adams
Compass
Buyer's Agent
John Adams
Compass
List Price
$3,650,000
Sold Price
$3,482,500
Premium/Discount to List
-$167,500
-4.59%
Views
56
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$74,105
Avg. Annual Appreciation
-0.54%
Original Mortgage
$750,000
Outstanding Balance
$731,620
Interest Rate
5.4%
Mortgage Type
New Conventional
Estimated Equity
$2,713,345
Purchase Details
Listed on
May 16, 2022
Closed on
Jul 15, 2022
Sold by
Smith Cindy J and Smith William D
Bought by
Old Oak Tree Revocable Trust and Lilac Hills Revocable Trust
Seller's Agent
John Adams
Compass
Buyer's Agent
John Adams
Compass
List Price
$2,995,000
Sold Price
$2,980,000
Premium/Discount to List
-$15,000
-0.5%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.68%
Original Mortgage
$1,500,000
Interest Rate
5.81%
Mortgage Type
New Conventional
Purchase Details
Listed on
May 16, 2022
Closed on
Jun 22, 2022
Sold by
1996 Goven Family Gst Exempt Trust
Bought by
Smith Cindy J and Smith William D
Seller's Agent
John Adams
Compass
Buyer's Agent
John Adams
Compass
List Price
$2,995,000
Sold Price
$2,980,000
Premium/Discount to List
-$15,000
-0.5%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
5.81%
Mortgage Type
New Conventional
Purchase Details
Closed on
Nov 2, 2015
Sold by
Bennett Jay L and Bennett Sarah
Bought by
1996 Goven Family Gst Exempt Trust
Purchase Details
Closed on
Apr 8, 2013
Sold by
Charles Cudd De Novo Llc
Bought by
Bennett Jay L and Bennett Sarah
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
3.12%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
Aug 30, 2012
Sold by
Locust Hills Development Llc
Bought by
Charles Cudd De Novo Llc
Similar Homes in Wayzata, MN
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $1,741,250 | Burnet Title | |
| Deed | $1,741,250 | Burnet Title | |
| Quit Claim Deed | $2,980,000 | First American Title | |
| Deed | $2,980,000 | None Listed On Document | |
| Warranty Deed | $1,835,000 | Burnet Title | |
| Warranty Deed | $1,507,394 | Custom Home Bldrs Title | |
| Warranty Deed | $500,000 | Custom Home Bldrs Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $750,000 | New Conventional | |
| Previous Owner | $1,500,000 | New Conventional | |
| Previous Owner | $417,000 | Adjustable Rate Mortgage/ARM |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/17/2023 07/17/23 | Sold | $3,482,500 | -4.6% | $735 / Sq Ft |
| 05/20/2023 05/20/23 | Pending | -- | -- | -- |
| 05/08/2023 05/08/23 | For Sale | $3,650,000 | +22.5% | $771 / Sq Ft |
| 07/15/2022 07/15/22 | Sold | $2,980,000 | 0.0% | $629 / Sq Ft |
| 05/26/2022 05/26/22 | Pending | -- | -- | -- |
| 05/17/2022 05/17/22 | Off Market | $2,980,000 | -- | -- |
| 05/13/2022 05/13/22 | For Sale | $2,995,000 | -- | $632 / 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 | $33,675 | $2,830,700 | $1,468,800 | $1,361,900 |
| 2022 | $28,455 | $2,330,000 | $1,035,000 | $1,295,000 |
| 2021 | $30,834 | $2,078,000 | $931,000 | $1,147,000 |
| 2020 | $28,468 | $2,256,000 | $1,153,000 | $1,103,000 |
| 2019 | $26,250 | $2,016,000 | $942,000 | $1,074,000 |
| 2018 | $29,278 | $1,859,000 | $836,000 | $1,023,000 |
| 2017 | $22,105 | $1,542,000 | $678,000 | $864,000 |
| 2016 | $20,490 | $1,392,000 | $678,000 | $714,000 |
| 2015 | $20,078 | $1,330,000 | $616,000 | $714,000 |
| 2014 | -- | $825,000 | $600,000 | $225,000 |
Source: Public Records
Agents Affiliated with this Home
-
John Adams
Seller's Agent in 2023
John Adams
Compass
(612) 269-9438
5 in this area
126 Total Sales
Map
Source: NorthstarMLS
MLS Number: 6191080
APN: 08-117-22-21-0005
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