NOT LISTED FOR SALE

16510 Island Oaks Ct Wayzata, MN 55391

Estimated Value: $732,000 - $3,083,706

5 Beds
4.5 Baths
5,113 Sq Ft
$418/Sq Ft Est. Value

Last Sold November 15, 2023

Last sale price $2,397,407 $469 Per Sq Ft

Est. 11% decrease in value since last sale

Current estimated payment $13,615/month

Highlights

  • New Construction
  • Recreation Room
  • No HOA
  • Schumann Elementary School Rated A-
  • 2 Fireplaces
  • Billiard Room

About This Home

As of November 2023

New construction by Wooddale Builders. Island Oaks offers 6 custom homesites with association living. Located in the Wayzata School District and close proximity to Downtown Wayzata. The neighborhood has south-facing views of the wetland and Lake Minnetonka. Explore the opportunity to build with a luxury custom home builder, Wooddale Builders, and live in a prime location.

Last Agent to Sell the Property

Mike Steadman

Compass Listed on: 01/05/2023

Compass

Last Buyer's Agent

Aaron Ouska

Edina Realty, Inc.

Edina Realty, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $29,215

Year Built

  • Built in 2023 | New Construction

Lot Details

  • 0.75 Acre Lot
  • Lot Dimensions are 110x283x312x74

Parking

  • 3 Car Attached Garage

Interior Spaces

  • 2-Story Property
  • 2 Fireplaces
  • Gas Fireplace
  • Living Room
  • Combination Kitchen and Dining Room
  • Home Office
  • Recreation Room
  • Home Gym
  • Finished Basement
  • Walk-Out Basement

Kitchen

  • Cooktop
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal
  • The kitchen features windows

Bedrooms and Bathrooms

  • 5 Bedrooms

Laundry

  • Dryer
  • Washer

Additional Features

  • Air Exchanger
  • Porch
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Property Available on 10/1/23

Community Details

Overview

  • No Home Owners Association
  • Pending Association, Phone Number (612) 296-0900
  • Built by WOODDALE BUILDERS INC
  • Island Oaks Community
  • Island Oaks Subdivision

Amenities

  • Billiard Room

Home Details

Home Type

Single Family

Est. Annual Taxes

$29,215

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: 3483
  • Unit Levels: Two
  • New Construction: Yes
  • FractionalOwnershipYN: No
  • Rental License?: No
  • ListPriceHigh: 4000000
  • Special Features: NewHome
  • Property Sub Type: Detached

Interior Features

  • Basement: Finished, Walkout
  • Appliances: Air-To-Air Exchanger, Cooktop, Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Stainless Steel Appliances, Washer
  • Fireplace Features: Gas
  • Living Area: 5113
  • Fireplace: Yes
  • Below Grade Finished Sq Ft: 1630
  • Basement YN: Yes
  • Dining Room Type: Living Room, Dining Room, Kitchen, Office, Three Season Porch, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Recreation Room, Billiard, Exercise Room
  • SqFtTotal: 5113.00

Beds/Baths

  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Three Quarter Bathrooms: 2

Exterior Features

  • Roof: Age 8 Years or Less, Asphalt

Garage/Parking

  • Parking Features: Attached Garage

Utilities

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

Association/Amenities

  • HOA Management Co: Pending

Condo/Co-op/Association

  • Phone: 612-296-0900
  • Association: No
  • Amenities Unit: Exercise Room,Hardwood Floors,Kitchen Center Island,Kitchen Window,Natural Woodwork,Vaulted Ceiling(s),Washer/Dryer Hookup,Wet Bar,Walk-In Closet
  • Community Name: Island Oaks

Schools

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

Lot Info

  • PropertyAttachedYN: No
  • Lot Size: 110x283x312x74
  • Lot Size Sq Ft: 32670
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: Unknown
  • Builder License: 2926
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Brick/Stone, Fiber Cement

Rental Info

  • Available Date: 2023-10-01

Tax Info

  • Tax Year: 2023
  • Assessor Parcel Number: TBD
  • TaxWithAssessments: 0.0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 31, 2023
Sold by
Wooddale Builders Inc
Bought by
Weaver John E and Weaver Amy M
Current Estimated Value
$2,135,902

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,917,925
Outstanding Balance
$1,861,824
Interest Rate
6.31%
Mortgage Type
New Conventional
Estimated Equity
$274,078
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
Weaver John E $572,000 Chb Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Weaver John E $1,917,925
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/15/2023 11/15/23 Sold $2,397,407 0.0% $469 / Sq Ft
01/05/2023 01/05/23 Pending -- -- --
01/05/2023 01/05/23 For Sale $2,397,407 -- $469 / 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 $29,215 $2,034,000 $500,000 $1,534,000
2023 $5,686 $400,000 $400,000 $0
2022 $1,419 $350,000 $350,000 $0
2021 $0 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6321005

NorthstarMLS

APN: 08-117-22-12-0030