NOT LISTED FOR SALE

18950 Lake Ave Wayzata, MN 55391

Estimated Value: $867,000 - $2,463,341

4 Beds
3.5 Baths
4,357 Sq Ft
$430/Sq Ft Est. Value

Last Sold June 30, 2023

Last sale price $2,223,685 $510 Per Sq Ft

Est. 16% decrease in value since last sale

Current estimated payment $10,229/month

Highlights

  • New Construction
  • Living Room with Fireplace
  • Home Office
  • Deephaven Elementary School Rated A
  • No HOA
  • 3 Car Attached Garage

About This Home

As of June 2023

ABSOLUTELY STUNNING LDK HOMES CUSTOM BUILT TWO STORY WITH 5600 FINISHED SQ.FT OF LUXURY. CUSTOM DESIGNED WITH AMAZING QUALITY AND DETAILS THROUGHOUT! 10' CEILINGS ON THE MAIN LEVEL. PERFECT HOME FOR TODAY'S NEEDS. GOURMET KITCHEN, FORMAL DINING ROOM,HARDWOOD FLOORS,BEAUTIFUL SCREENED PORCH WITH FIREPLACE. MAIN LEVEL OFFICE, YOU'LL NOTICE ALL THE QUALITY & UPGRADED MILL WORK THROUGHOUT. LARGE WALK-IN PANTRY, EXPANDED MUDROOM WITH BUILT-INS, UNIQUE OVER-SIZED 3+ CAR GARAGE. UPSTAIRS INCLUDES UPPER LEVEL LAUNDRY WITH CONVENIENT BUILT INS AND FOLDING COUNTERS. EXPANSIVE BEDROOM SUITES AND LUXURY MASTER SUITE. AMAZING LOWER LEVEL WITH FULL BAR, RARE EXPANSIVE SPORT COURT WITH ADJOINING EXERCISE ROOM, PLUS A BONUS THEATER ROOM PERFECT FOR ENTERTAINING. AMAZING LOCATION CLOSE TO SHOPPING, LAKE MINNETONKA, STEPS TO THORPE PARK. AWARD WINNING MINNETONKA SCHOOLS. DON'T MISS THIS FANTASTIC PROPERTY.

Last Agent to Sell the Property

Lane Larson

RE/MAX Results Listed on: 07/20/2022

RE/MAX Results

Co-Listed By

Scott Koppendrayer

Keller Williams Premier Realty Lake Minnetonka

Last Buyer's Agent

Casie Pawlik

Compass

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,995

Year Built

  • Built in 2022 | New Construction

Lot Details

  • 0.32 Acre Lot
  • Lot Dimensions are 100x140

Parking

  • 3 Car Attached Garage

Home Design

  • Pitched Roof

Interior Spaces

  • 2-Story Property
  • Living Room with Fireplace
  • 2 Fireplaces
  • Dining Room
  • Home Office

Kitchen

  • Built-In Oven
  • Cooktop
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Dryer
  • Washer

Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump
  • Natural lighting in basement

Eco-Friendly Details

  • Air Exchanger

Utilities

  • Forced Air Heating and Cooling System
  • Humidifier
  • 200+ Amp Service

Community Details

  • No Home Owners Association
  • Built by LDK BUILDERS INC

Listing and Financial Details

  • Assessor Parcel Number 1811722330076

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,995

Year Built

Built in 2022 | 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: 2022
  • Above Grade Finished Sq Ft: 3515
  • Unit Levels: Two
  • New Construction: Yes
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: NewHome
  • Property Sub Type: Detached

Interior Features

  • Basement: Daylight/Lookout Windows, Full, Concrete, Sump Pump
  • Appliances: Air-To-Air Exchanger, Cooktop, Dishwasher, Disposal, Dryer, Exhaust Fan, Humidifier, Gas Water Heater, Microwave, Refrigerator, Wall Oven, Washer
  • Fireplace Features: Living Room, Other
  • Living Area: 4357
  • Fireplace: Yes
  • Below Grade Finished Sq Ft: 842
  • Basement YN: Yes
  • Dining Room Type: Living Room, Dining Room, Kitchen, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Informal Dining Room, Office
  • SqFtTotal: 5206.00

Beds/Baths

  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Three Quarter Bathrooms: 1

Exterior Features

  • Roof: Age 8 Years or Less, Asphalt, Pitched
  • CompletionDate: 2023-05-25
  • ConstructionMaterialsDesc: Concrete,Frame

Garage/Parking

  • Parking Features: Attached Garage, Asphalt
  • Garage Square Feet: 842
  • ParkingOpen: 0

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • Electric: 200+ Amp Service
  • Fuel: Natural Gas

Condo/Co-op/Association

  • Association: No
  • Amenities Unit: Ceiling Fan(s),Hardwood Floors,Kitchen Center Island,Primary Bedroom Walk-In Closet,Natural Woodwork,Paneled Doors,Porch,Tile Floors,Vaulted Ceiling(s),Washer/Dryer Hookup,Walk-In Closet

Association/Amenities

  • Builders Association Membership(s): Builders Association of the Twin Cities

Schools

  • Junior High Dist: Minnetonka
  • SchoolDistrictNumber: 276
  • SchoolDistrictPhone: 952-401-5000

Lot Info

  • PropertyAttachedYN: No
  • Lot Size: 100X140
  • Lot Size Sq Ft: 13939.2
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: Yes
  • Builder License: 1327
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Fiber Cement

Tax Info

  • Tax Year: 2022
  • Assessor Parcel Number: 1811722330076
  • Tax Annual Amount: 3995
  • TaxWithAssessments: 4950.8800

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 20, 2022
Closed on
Jun 30, 2023
Sold by
Ldk Builders Inc
Bought by
Barnes Jack O and Barnes Clare M
Seller's Agent
Lane Larson
RE/MAX Results
Buyer's Agent
Casie Pawlik
Compass
List Price
$2,095,000
Sold Price
$2,223,686
Premium/Discount to List
$128,686
6.14%
Current Estimated Value
$1,874,585

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$349,101
Avg. Annual Appreciation
-9.29%
Original Mortgage
$2,024,682
Outstanding Balance
$1,988,632
Interest Rate
6.57%
Mortgage Type
VA
Estimated Equity
-$199,620

Purchase Details

Closed on
Jun 15, 2022
Sold by
Nje Holdings Llc
Bought by
Ldk Builders Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,100,000
Interest Rate
5.27%
Mortgage Type
Construction

Purchase Details

Closed on
Apr 13, 2022
Sold by
Barstad Gary A
Bought by
Nje Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$387,600
Interest Rate
4.72%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 11, 2021
Sold by
Barstad Gary A
Bought by
Deutsche Bank National Trust Company and Saxon Asset Securities Tr 2007 3 Mtg Lo

Purchase Details

Closed on
Jun 5, 2000
Sold by
Steingas David F and Steingas Layne
Bought by
Barstad Gary A

Purchase Details

Closed on
Sep 13, 1999
Sold by
Nordquist Ronald and Nordquist Vickie
Bought by
Steingas David F and Steingas Layne M
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
Barnes Jack O $2,223,685 None Listed On Document
Ldk Builders Inc $480,000 None Listed On Document
Nje Holdings Llc $380,000 Titlenexus
Deutsche Bank National Trust Company $257,040 None Available
Barstad Gary A $153,900 --
Steingas David F $98,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Barnes Jack O $2,024,682
Previous Owner Ldk Builders Inc $1,100,000
Previous Owner Nje Holdings Llc $387,600
Previous Owner Barstad Gary A $235,000
Previous Owner Barstad Gary A $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2023 06/30/23 Sold $2,223,686 +6.1% $510 / Sq Ft
07/20/2022 07/20/22 Pending -- -- --
07/20/2022 07/20/22 For Sale $2,095,000 -- $481 / 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 $3,960 $375,200 $255,200 $120,000
2022 $4,951 $424,000 $229,000 $195,000
2021 $4,701 $344,000 $178,000 $166,000
2020 $4,645 $329,000 $172,000 $157,000
2019 $4,590 $318,000 $167,000 $151,000
2018 $4,520 $317,000 $167,000 $150,000
2017 $4,475 $305,000 $167,000 $138,000
2016 $4,197 $281,000 $145,000 $136,000
2015 $3,862 $256,000 $132,000 $124,000
2014 -- $223,000 $114,000 $109,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6237478

NorthstarMLS

APN: 18-117-22-33-0076