NOT LISTED FOR SALE

2505 Cedar Point Dr Wayzata, MN 55391

Estimated Value: $4,214,257 - $6,436,000

4 Beds
6 Baths
9,683 Sq Ft
$581/Sq Ft Est. Value

About This Home

This home is located at 2505 Cedar Point Dr, Wayzata, MN 55391 and is currently estimated at $5,627,419, approximately $581 per square foot. 2505 Cedar Point Dr is a home located in Hennepin County with nearby schools including Groveland Elementary School, Minnetonka East Middle School, and Minnetonka Senior High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 30, 2015
Sold by
Thorpe Daniel A
Bought by
Magdid Brent M and Magid Mitzi W
Current Estimated Value
$5,627,419

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
4.03%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 12, 2012
Sold by
Thorpe Edith D
Bought by
Thorpe Edith D and Edith D Thorpe Revocable Trust
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

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Quantarium

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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
Magdid Brent M $3,185,000 Burnet Title
Thorpe Edith D -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Magid Brent M $860,000
Closed Magid Brent M $1,230,000
Closed Magdid Brent M $1,500,000
Previous Owner Thorpe Edith D $100,000
Previous Owner Skidmore Thorpe Revocable Trust $633,500
Source: Public Records

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 $55,881 $4,890,900 $2,988,000 $1,902,900
2022 $46,897 $4,552,000 $2,846,000 $1,706,000
2021 $46,405 $3,687,000 $2,311,000 $1,376,000
2020 $46,230 $3,631,000 $2,266,000 $1,365,000
2019 $47,438 $3,449,000 $2,071,000 $1,378,000
2018 $45,579 $3,509,000 $1,962,000 $1,547,000
2017 $46,971 $3,432,000 $1,962,000 $1,470,000
2016 $57,781 $4,125,000 $2,130,000 $1,995,000
2015 $53,723 $3,801,000 $1,953,000 $1,848,000
2014 -- $3,712,000 $1,853,000 $1,859,000
Source: Public Records

Map

Minnesota Hennepin County Wayzata 55391

2505 Cedar Point Dr, Wayzata, MN

This home is located at 2505 Cedar Point Dr, Wayzata, MN 55391 and is currently estimated at $5,627,419, approximately $581 per square foot. 2505 Cedar Point Dr is a home located in Hennepin County with nearby schools including Groveland Elementary School, Minnetonka East Middle School, and Minnetonka Senior High School.

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