$3,000,000
SOLD APR 18, 2025

1971 Fagerness Point Rd Wayzata, MN 55391

3 Beds
3.5 Baths
3,308 Sq Ft
0.35 Acres

Recently Sold

$907 Per Sq Ft

6% Below List Price

151 Days on Market

Highlights

  • 150 Feet of Waterfront
  • Lake View
  • Living Room with Fireplace
  • Hilltop Primary School Rated A
  • Deck
  • No HOA

About This Home

As of April 2025

This beautiful turn-key home is completely remodeled inside and out- move in and enjoy! Walls of windows showcase breathtaking panoramic lake views from every room! Natural light abounds in this open and airy floorplan. Beautifully sited on the Fagerness Point peninsula, offering unparalleled east and west-facing water views with spectacular sunrises + sunsets. Features include the gourmet kitchen with Cambria countertops, expansive island, pizza oven and wine fridge- ideal for when entertaining guests! Primary suite with fireplace, walk-in closet and spa-like bath with slate floor; newly finished lower-level with exercise room, ¾ bath, guest bedroom and dog wash; and all new custom landscaping, opened up to maximize water views! Additional features include new electrical; plumbing; spray foam insulation; hardwood floors on main and upper levels; all new Marvin doors, windows and 4-panel sliders; new roof + siding; new granite stairways with boulders and rip-rap shoreline. Complete list of improvements attached as supplement. Ideally located close to parks and the Lake Minnetonka Regional Trail!

Last Agent to Sell the Property

Jeffrey Dewing

Coldwell Banker Realty Brokerage Phone: 612-597-0424 Listed on: 10/17/2024

Coldwell Banker Realty

Last Buyer's Agent

Susan Melbye

Edina Realty, Inc.

Edina Realty, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $16,123

Year Built

  • Built in 1946

Lot Details

  • 0.35 Acre Lot
  • 150 Feet of Waterfront
  • Lake Front
  • Street terminates at a dead end
  • Property has an invisible fence for dogs

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Interior Spaces

  • 2-Story Property
  • Family Room
  • Living Room with Fireplace
  • 2 Fireplaces
  • Sitting Room
  • Home Gym
  • Lake Views

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • The kitchen features windows

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Dryer
  • Washer

Finished Basement

  • Sump Pump
  • Drain
  • Basement Storage

Additional Features

  • Deck
  • Forced Air Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 1811723140007

Home Details

Home Type

Single Family

Est. Annual Taxes

$16,123

Year Built

Built in 1946

Lot Details

0

Parking

2

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: Central Air
  • Garage Spaces: 2
  • Accessibility Features: None
  • Fireplaces: 2
  • Water Source: City Water/Connected
  • Year Built: 1946
  • Above Grade Finished Sq Ft: 2543
  • Water Body Name: Minnetonka
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Attribution Contact: 612-597-0424
  • Attribution Contact: 612-597-0424
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Drain Tiled, Finished, Storage Space, Sump Pump
  • Appliances: Chandelier, Dishwasher, Dryer, Exhaust Fan, Microwave, Range, Refrigerator, Stainless Steel Appliances, Washer, Water Softener Owned
  • Fireplace Features: Living Room
  • Living Area: 3308
  • Fireplace: Yes
  • Below Grade Finished Sq Ft: 765
  • Basement YN: Yes
  • Dining Room Type: Living Room, Sitting Room, Kitchen, Dining Room, Family Room, Bedroom 1, Bedroom 2, Bedroom 3, Exercise Room

Beds/Baths

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

Exterior Features

  • Roof: Age 8 Years or Less
  • Fencing: Invisible
  • View: East, Lake, Panoramic, West
  • PatioPorchType: Deck
  • Lake Acres: 14205
  • LakeChain: N
  • Waterfront Frontage: 150

Garage/Parking

  • Parking Features: Attached Garage, Asphalt, Garage Door Opener
  • Garage Square Feet: 0

Utilities

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

Condo/Co-op/Association

  • Association: No
  • Amenities Unit: Deck,Exercise Room,Hardwood Floors,Kitchen Center Island,Kitchen Window,Primary Bedroom Walk-In Closet,Skylight,In-Ground Sprinkler,Tile Floors,Washer/Dryer Hookup,Walk-In Closet

Schools

  • Junior High Dist: Westonka
  • SchoolDistrictNumber: 277
  • SchoolDistrictPhone: 952-491-8001

Lot Info

  • Waterfront YN: Yes
  • PropertyAttachedYN: No
  • Lot Size: Irregular
  • Lot Size Sq Ft: 15246
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: Unknown
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Other

Tax Info

  • Tax Year: 2024
  • Assessor Parcel Number: 1811723140007
  • Tax Annual Amount: 16123
  • TaxWithAssessments: 16123.0000

Multi Family

  • WaterfrontFeatures: Dock, Lake Front, Lake View

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 17, 2024
Closed on
Apr 14, 2025
Sold by
Schugel James E and Schugel Jennifer A
Bought by
Timothy J Mathison And Julie H Mathison Revoc and Mathison
Seller's Agent
Jeffrey Dewing
Coldwell Banker Realty
Buyer's Agent
Susan Melbye
Edina Realty, Inc.
List Price
$3,195,000
Sold Price
$3,000,000
Premium/Discount to List
-$195,000
-6.1%
Views
73
Current Estimated Value
$3,049,164

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$49,164
Avg. Annual Appreciation
3.60%

Purchase Details

Closed on
Dec 30, 2016
Sold by
Delay William L and Delay Lori A
Bought by
Schugel James E and Schugel Jennifer A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$728,800
Interest Rate
4.13%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 25, 2000
Sold by
Monterson Thomas O and Mortenson Patricia A
Bought by
Delay William L and Delay Lori A
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 Type Sale Price Title Company
Warranty Deed $3,000,000 Burnet Title
Warranty Deed $911,000 None Available
Warranty Deed $911,000 Entitle Inc
Warranty Deed $477,546 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $728,800 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/18/2025 04/18/25 Sold $3,000,000 -6.1% $907 / Sq Ft
03/19/2025 03/19/25 Pending -- -- --
02/10/2025 02/10/25 For Sale $3,195,000 +6.5% $966 / Sq Ft
01/14/2025 01/14/25 Off Market $3,000,000 -- --
10/19/2024 10/19/24 For Sale $3,195,000 -- $966 / 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 $16,651 $1,595,900 $1,023,300 $572,600
2023 $16,123 $1,604,500 $1,023,200 $581,300
2022 $11,613 $1,382,000 $930,000 $452,000
2021 $10,092 $1,105,000 $770,000 $335,000
2020 $10,744 $965,000 $740,000 $225,000
2019 $10,785 $965,000 $612,000 $353,000
2018 $9,741 $962,000 $628,000 $334,000
2017 $9,566 $821,000 $582,000 $239,000
2016 $9,505 $813,000 $582,000 $231,000
2015 $10,513 $872,000 $641,000 $231,000
2014 -- $862,000 $641,000 $221,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6616732

NorthstarMLS

APN: 18-117-23-14-0007