NOT LISTED FOR SALE

16501 Island Oaks Ct Wayzata, MN 55391

Estimated Value: $1,961,000 - $4,970,000

5 Beds
7 Baths
6,482 Sq Ft
$585/Sq Ft Est. Value

Last Sold November 08, 2023

Last sale price $4,700,000 $725 Per Sq Ft

Est. 19% decrease in value since last sale

Current estimated payment $24,976/month

Highlights

  • New Construction
  • Main Floor Primary Bedroom
  • Bonus Room
  • Schumann Elementary School Rated A-
  • 2 Fireplaces
  • Sun or Florida Room

About This Home

As of November 2023

Beautiful new construction by Wooddale Builders and SKD Architects in Island Oaks. This custom home was sold before print.

Last Agent to Sell the Property

Mike Steadman

Compass Listed on: 09/06/2023

Compass

Last Buyer's Agent

Mike Steadman

Compass Listed on: 09/06/2023

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,764

Year Built

  • Built in 2023 | New Construction

Lot Details

  • 0.75

Parking

  • 3 Car Attached Garage

Home Design

  • Shake Siding

Interior Spaces

  • 6,482 Sq Ft Home
  • 2-Story Property
  • 2 Fireplaces
  • Gas Fireplace
  • Great Room
  • Dining Room
  • Home Office
  • Bonus Room
  • Sun or Florida Room
  • Screened Porch
  • Home Gym
  • Washer and Dryer Hookup

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main

Additional Features

  • 0.75 Acre Lot
  • Forced Air Heating and Cooling System

Community Details

  • No Home Owners Association
  • Association fees include lawn care, ground maintenance, snow removal
  • Pending Association, Phone Number (612) 296-0900
  • Built by WOODDALE BUILDERS INC
  • Island Oaks Community
  • Island Oaks Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0811722120025

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,764

Year Built

Built in 2023 | New Construction

Lot Details

0

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
  • Year Built: 2023
  • Above Grade Finished Sq Ft: 6482
  • Unit Levels: Two
  • New Construction: Yes
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: NewHome
  • Property Sub Type: Detached

Interior Features

  • Basement: None
  • Fireplace Features: Gas
  • Living Area: 6482
  • Fireplace: Yes
  • Basement YN: No
  • Dining Room Type: Great Room, Dining Room, Kitchen, Bedroom 1, Bedroom 2, Sun Room, Exercise Room, Screened Porch, Bedroom 3, Bedroom 4, Bedroom 5, Office, Bonus Room

Beds/Baths

  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Total Bedrooms: 5
  • Three Quarter Bathrooms: 3

Garage/Parking

  • Parking Features: Attached Garage

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • Fuel: Natural Gas

Condo/Co-op/Association

  • HOA Fee Includes: Lawn Care, Other, Maintenance Grounds, Snow Removal
  • Phone: 612-296-0900
  • Association: No
  • Amenities Unit: Deck,Exercise Room,Hardwood Floors,Kitchen Center Island,Primary Bedroom Walk-In Closet,Main Floor Primary Bedroom,Patio,In-Ground Sprinkler,Sun Room,Vaulted Ceiling(s),Washer/Dryer Hookup
  • Community Name: Island Oaks

Association/Amenities

  • HOA Management Co: Pending

Schools

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

Lot Info

  • PropertyAttachedYN: No
  • Lot Size: Irregular
  • Lot Size Sq Ft: 32670
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Builder License: 2926
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Brick/Stone, Fiber Cement, Shake Siding

Tax Info

  • Tax Year: 2023
  • Assessor Parcel Number: 0811722120025
  • Tax Annual Amount: 5764
  • TaxWithAssessments: 5764.0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 29, 2022
Sold by
Wooddale Builders Inc
Bought by
Besikof Justin and Besikof Meira
Current Estimated Value
$3,789,316

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,695,000
Outstanding Balance
$2,542,473
Interest Rate
4.16%
Mortgage Type
New Conventional
Estimated Equity
$1,246,843
Source: Public Records

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
Besikof Justin $775,000 New Title Company Name
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Besikof Justin $2,695,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/08/2023 11/08/23 Sold $4,700,000 0.0% $725 / Sq Ft
09/06/2023 09/06/23 Pending -- -- --
09/06/2023 09/06/23 For Sale $4,700,000 -- $725 / 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
2024 $61,706 $4,199,900 $750,000 $3,449,900
2023 $13,392 $1,027,400 $750,000 $277,400
2022 $2,327 $400,000 $400,000 $0
2021 $0 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6426906

NorthstarMLS

APN: 08-117-22-12-0025