$395,000
COMING SOON

1990 Spates Ave Wayzata, MN 55391

Estimated payment $2,318/month

3 Beds
1 Bath
1,237 Sq Ft
6,534 Sq Ft Lot Lot

Highlights

  • Lake View
  • No HOA
  • Eat-In Kitchen
  • Schumann Elementary School Rated A-
  • 1 Car Detached Garage
  • Forced Air Heating System

About This Home

Rare opportunity to own in a premier Lake Minnetonka location at an approachable price. Relax and take in the good vibes with genuine year-round views of Smiths Bay from the main living spaces, bedrooms, and both the front and backyard—a gem of a find. Just steps to the paved Dakota Rail Regional Trail, with lake access all around and a marina across the street including Your Boat Club. Only minutes to Navarre, Long Lake, and downtown Wayzata, and located within the highly regarded Orono Schools. The home offers great charm and livability today, with strong upside for updates and improvements. Ideal for buyers looking to build equity in an unbeatable setting.

Listing Agent

Ben Johnson

Compass Listed on: 05/08/2026

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,521

Year Built

  • Built in 1950

Lot Details

  • Lot Dimensions are 50x129x50x128
  • Few Trees

Parking

  • 1 Car Detached Garage

Home Design

  • Wood Siding

Interior Spaces

  • 1,237 Sq Ft Home
  • 1.5-Story Property
  • Lake Views
  • Basement Fills Entire Space Under The House

Kitchen

  • Eat-In Kitchen
  • Range
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Utilities

  • No Cooling
  • Forced Air Heating System
  • Well

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 1011723420023

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,521

Year Built

Built in 1950

Lot Details

6,534 Sq Ft Lot

Parking

1

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family
  • Cooling System: None
  • Outside Features: Wood
  • Garage Spaces: 1
  • Accessibility Features: None
  • Water Source: Well
  • Year Built: 1950
  • Above Grade Finished Sq Ft: 1237
  • Unit Levels: One and One Half
  • New Construction: No
  • FractionalOwnershipYN: No
  • Special Features: ComingSoon
  • Property Sub Type: Detached

Interior Features

  • Basement: Full
  • Appliances: Dishwasher, Dryer, Range, Refrigerator, Washer
  • Living Area: 1237
  • Fireplace: No
  • Basement YN: Yes

Beds/Baths

  • Full Bathrooms: 1
  • Total Bedrooms: 3

Exterior Features

  • Roof: Asphalt
  • View: East, Lake
  • Foundation Details: Block
  • Lake Bottom: Sand

Garage/Parking

  • Parking Features: Detached Garage

Utilities

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

Condo/Co-op/Association

  • Association: No
  • Amenities Unit: Hardwood Floors, Panoramic View

Schools

  • Junior High Dist: Orono
  • SchoolDistrictPhone: 9524498305

Lot Info

  • Waterfront YN: No
  • PropertyAttachedYN: No
  • Lot Size: 50X129X50X128
  • Land Lease: No
  • Lot Features: Tree Coverage - Light
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Tax Info

  • Tax Year: 2026
  • Assessor Parcel Number: 1011723420023
  • Tax Annual Amount: 2521.34
  • TaxWithAssessments: 2521.34

Multi Family

  • WaterfrontFeatures: Lake View

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $2,347 $257,300 $107,300 $150,000
2023 $2,280 $252,100 $104,500 $147,600
2022 $2,022 $223,000 $80,000 $143,000
2021 $1,954 $203,000 $80,000 $123,000
2020 $1,924 $197,000 $74,000 $123,000
2019 $1,943 $187,000 $63,000 $124,000
2018 $1,995 $186,000 $74,000 $112,000
2017 $1,916 $179,000 $74,000 $105,000
2016 $1,781 $169,000 $74,000 $95,000
2015 $1,699 $163,000 $74,000 $89,000
2014 -- $152,000 $78,000 $74,000
Source: Public Records

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed $500 None Listed On Document
Warranty Deed $96,000 --
Source: Public Records

Source: NorthstarMLS

MLS Number: 7062030

NorthstarMLS

APN: 10-117-23-42-0023

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