NOT LISTED FOR SALE

2400 Cedar Point Dr Wayzata, MN 55391

Estimated Value: $1,954,000

4 Beds
5.5 Baths
3,322 Sq Ft
$588/Sq Ft Est. Value

Last Sold May 16, 2014

Last sale price $2,750,000 $828 Per Sq Ft

Est. 29% decrease in value since last sale

Current estimated payment $12,787/month

417 Days on Market

Highlights

  • Boathouse
  • Lake Front
  • Family Room with Fireplace
  • Groveland Elementary School Rated A
  • Deck
  • Vaulted Ceiling

About This Home

As of May 2014

Wayzata Bay landmark! First time offering. Long admired historic peninsula. Maplewoods estate location. 1,693 feet of lakeshore.

Last Listed By

Ellen DeHaven

Coldwell Banker Realty Listed on: 03/14/2013

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $49,787

Year Built

  • Built in 1950

Lot Details

  • 3 Acre Lot
  • Lake Front
  • Irregular Lot

Parking

  • 2 Car Attached Garage
  • Heated Garage
  • Tuck Under Garage

Home Design

  • Asphalt Shingled Roof
  • Wood Siding

Interior Spaces

  • 1-Story Property
  • Woodwork
  • Vaulted Ceiling
  • Wood Burning Fireplace
  • Family Room with Fireplace
  • 3 Fireplaces
  • Living Room with Fireplace
  • Wood Flooring
  • Lake Views
  • Home Security System

Kitchen

  • Built-In Oven
  • Cooktop
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Dryer
  • Washer

Basement

  • Walk-Out Basement
  • Partial Basement
  • Sump Pump
  • Natural lighting in basement

Outdoor Features

  • Boathouse
  • Balcony
  • Deck
  • Patio

Utilities

  • Forced Air Heating and Cooling System
  • Well
  • Private Sewer

Listing and Financial Details

  • Assessor Parcel Number 0711722240001

Home Details

Home Type

Single Family

Est. Annual Taxes

$49,787

Year Built

Built in 1950

Lot Details

0

Parking

2

Listing Details

  • Type: Single Family
  • Property Subtype 1: (SF) Single Family
  • Cooling System: Central
  • Outside Features: Wood
  • Garage Spaces: 2.00
  • Accessibility Features: Other
  • Fireplaces: 3
  • Water Source: Well
  • Fuel Type: Natural Gas
  • Year Built: 1950
  • Above Grade Finished Sq Ft: 3322.00
  • Above Grade Finished Area Search: 3322.00
  • Assessment Pending Y N: No
  • Below Grade Finished Sq Ft: 997.00
  • Carport Y N: No
  • Foundation Area Units: Square Feet
  • Internet Entire Listing Display: Yes
  • Lake Depth Feet: 113
  • List A O R Key Numeric: 9091
  • Listing Organization: Iowa
  • Living Area Finished: 4319.00
  • Living Area Finished Units: Square Feet
  • Parcel Numbers: 0711722240001,TBD
  • Property Out Building Type: Boat House
  • Rental License: No
  • Stories Type: One
  • Water Body Name: Minnetonka
  • Waterfront Frontage: 1693
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Basement: Daylight/Lookout Windows, Finished (Livable), Partial, Sump Pump, Walkout
  • Appliances: Cooktop, Dishwasher, Disposal, Dryer, Range, Refrigerator, Wall Oven, Washer
  • Fireplace Features: Family Room, Living Room, Other, Wood Burning
  • Dining Room Features: Informal Dining Room, Separate/Formal Dining Room
  • Family Room Features: Family Room, Lower Level
  • Bathroom Type: 1/2 Basement, 3/4 Basement, 3/4 Primary, Full Jack & Jill, Full Primary, Main Floor Full Bath, Private Primary, Two Basement Baths, Two Primary Baths
  • Fireplace: Yes
  • Stories: 1
  • Below Grade Finished Sq Ft: 997.00

Beds/Baths

  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 6
  • Total Bedrooms: 4
  • Three Quarter Bathrooms: 3

Exterior Features

  • Roof: Age Over 8 Years, Asphalt Shingles
  • LakeAcres: 14729.56000
  • PoolFeatures: None

Garage/Parking

  • Parking Features: Attached Garage, Heated Garage, Tuckunder Garage

Utilities

  • Heating: Forced Air
  • Sewer: Private

Association/Amenities

  • Property Amenities: Balcony, Deck, Hardwood Floors, Kitchen Window, Natural Woodwork, Patio, Security System, Vaulted Ceiling(s), Walk-In Closet, Washer/Dryer Hookup

Schools

  • School District: Minnetonka
  • School District Phone: 952-401-5000

Lot Info

  • Zoning: Residential-Single Family
  • Construction: Previously Owned
  • Waterfront YN: Yes
  • PropertyAttachedYN: No
  • Out Building Count: 1
  • Assessment Pending: No
  • Lot Size: See survey
  • Homestead: Yes
  • Lot Features: Irregular Lot, Tree Coverage - Medium
  • Lot Size Acres: 3.0000
  • Lot Size Area Units: Square Feet

Building Info

  • New Development: No

Tax Info

  • TaxLegalDescription: REG. LAND SURVEY NO. 0402 TRACT F & REG. LAND SURVEY NO. 0402 TRACT G
  • Tax Amount: 49787.00
  • Tax Year: 2014
  • Tax With Assessments: 49786.86
  • Assessor Parcel Number: 0711722240001

Multi Family

  • Above Grade Finished Sq Ft: Square Feet
  • WaterfrontFeatures: Lake Front, Lake View

MLS Schools

  • School District Name: Minnetonka

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 11, 2016
Sold by
Ray Edgar C and Ray Brenda Ann
Bought by
Ray Edgar C and Ray Brenda Ann
Total Days on Market
417
Current Estimated Value
$1,954,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,750,000
Interest Rate
2.7%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Mar 14, 2013
Closed on
May 14, 2014
Sold by
Morrison John L and Palmer Julla M
Bought by
Ray E Chip and Ray Brenda
Seller's Agent
Ellen DeHaven
Coldwell Banker Realty
List Price
$4,950,000
Sold Price
$2,750,000
Premium/Discount to List
-$2,200,000
-44.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-3.07%

Range of Values:

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Average Value
Not Available
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
Ray Edgar C -- None Available
Ray E Chip $2,750,000 Guaranty Title Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ray Edgar C $3,750,000
Closed Ray Edgar C $3,750,000
Closed Ray E Chip $2,750,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/16/2014 05/16/14 Sold $2,750,000 -44.4% $828 / Sq Ft
05/05/2014 05/05/14 Pending -- -- --
03/14/2013 03/14/13 For Sale $4,950,000 -- $1,490 / 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 $90,326 $9,124,500 $5,163,400 $3,961,100
2022 $78,140 $7,984,000 $4,672,000 $3,312,000
2021 $77,251 $6,671,000 $3,876,000 $2,795,000
2020 $75,791 $6,563,000 $3,800,000 $2,763,000
2019 $77,147 $6,140,000 $3,278,000 $2,862,000
2018 $76,592 $6,083,000 $2,933,000 $3,150,000
2017 $50,462 $3,813,000 $2,933,000 $880,000
2016 $36,560 $2,639,000 $2,629,000 $10,000
2015 $45,865 $3,257,000 $2,993,000 $264,000
2014 -- $3,402,000 $3,125,000 $277,000
Source: Public Records

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Source: NorthstarMLS

MLS Number: NST4344484

NorthstarMLS

APN: 07-117-22-24-0001