NOT LISTED FOR SALE

2505 Lafayette Rd Wayzata, MN 55391

Estimated Value: $1,942,000 - $3,092,000

5 Beds
6 Baths
5,687 Sq Ft
$442/Sq Ft Est. Value

Last Sold September 29, 2023

Last sale price $1,725,000 $303 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $16,057/month

73 Days on Market

Highlights

  • Heated In Ground Pool
  • 61,855 Sq Ft lot
  • No HOA
  • Schumann Elementary School Rated A-
  • Fireplace in Primary Bedroom
  • Game Room

About This Home

As of September 2023

This private estate located in the sought after Minnetonka Beach community sits on 1.42 acres surrounded by mature trees, gardens, and outdoor gathering areas. Crisp, clean aesthetics to create a sophisticated comfort. Main level has impressive vaults, hardwood floors, a gourmet kitchen, a family room, and a richly appointed office. Upper level features the owner's suite, 2 junior suites with en-suite baths, and a den/bedroom. The walk-out lower level has a large bedroom, ¾ bath, exercise room, craft room/flex room/bedroom, and a spacious family/amusement room with a wet-bar and built-in entertainment system. Enjoy the tranquility while relaxing on the wrap-around deck, the lower patio, or the in-ground swimming pool with an expansive paver patio. The home is steps away from neighborhood parks, swimming beach & Lake Minnetonka. Close to Dakota Trail, Lafayette Club, and more. Dock available through the city. Orono Schools.

Last Listed By

Janet Boschwitz

Edina Realty, Inc. Listed on: 05/30/2023

Edina Realty, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $22,785

Year Built

  • Built in 1974

Lot Details

  • 1.42 Acre Lot
  • Partially Fenced Property
  • Chain Link Fence

Parking

  • 4 Car Attached Garage
  • Garage Door Opener

Home Design

  • Pitched Roof
  • Rubber Roof

Interior Spaces

  • 2-Story Property
  • Wood Burning Fireplace
  • Family Room with Fireplace
  • 2 Fireplaces
  • Living Room
  • Dining Room
  • Home Office
  • Game Room
  • Utility Room Floor Drain
  • Home Gym

Kitchen

  • Built-In Double Oven
  • Cooktop
  • Microwave
  • Freezer
  • Dishwasher
  • Wine Cooler
  • Trash Compactor
  • Disposal
  • The kitchen features windows

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Fireplace in Primary Bedroom

Laundry

  • Dryer
  • Washer

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Sump Pump
  • Drain
  • Basement Storage
  • Basement Window Egress

Utilities

  • Forced Air Heating and Cooling System
  • Humidifier

Additional Features

  • Air Exchanger
  • Heated In Ground Pool

Community Details

  • No Home Owners Association
  • Warners Add To Mtka Beach Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1511723330046

Home Details

Home Type

Single Family

Est. Annual Taxes

$22,785

Year Built

Built in 1974

Lot Details

0

Parking

4

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: Central Air
  • Garage Spaces: 4
  • Accessibility Features: None
  • Fireplaces: 2
  • Water Source: City Water/Connected
  • Year Built: 1974
  • Above Grade Finished Sq Ft: 4078
  • Water Body Name: Minnetonka
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Basement: Block, Drain Tiled, Egress Window(s), Finished, Full, Storage Space, Sump Pump, Walkout
  • Appliances: Air-To-Air Exchanger, Cooktop, Dishwasher, Disposal, Double Oven, Dryer, Exhaust Fan, Freezer, Humidifier, Gas Water Heater, Microwave, Refrigerator, Trash Compactor, Wall Oven, Washer, Water Softener Owned, Wine Cooler
  • Fireplace Features: Family Room, Gas, Primary Bedroom, Wood Burning
  • Living Area: 5687
  • Below Grade Finished Sq Ft: 1609
  • Basement YN: Yes
  • Dining Room Type: Living Room, Kitchen, Dining Room, Informal Dining Room, Family Room, Office, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Game Room, Bedroom 5, Exercise Room
  • SqFtTotal: 6028.00

Beds/Baths

  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • One Quarter Bathrooms: 1
  • Three Quarter Bathrooms: 2

Exterior Features

  • Roof: Age 8 Years or Less, Asphalt, Pitched, Rubber
  • PoolFeatures: Below Ground, Heated, Outdoor Pool
  • Fencing: Chain Link, Partial
  • Lake Acres: 14205
  • LakeChain: N

Garage/Parking

  • Parking Features: Attached Garage, Asphalt, Driveway - Other Surface, Floor Drain, Garage Door Opener, Tandem
  • Garage Square Feet: 964

Utilities

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

Condo/Co-op/Association

  • Association: No
  • Amenities Unit: Balcony,Deck,Exercise Room,French Doors,Hardwood Floors,Kitchen Center Island,Kitchen Window,Primary Bedroom Walk-In Closet,Patio,Paneled Doors,Satelite Dish,Security System,Security Lights,In-Ground Sprinkler,Tile Floors,Vaulted Ceiling(s),Washer/Dryer Hookup,Wet Bar,Walk-In Closet

Schools

  • Junior High Dist: Orono
  • SchoolDistrictNumber: 278
  • SchoolDistrictPhone: 952-449-8305

Lot Info

  • Waterfront YN: No
  • PropertyAttachedYN: No
  • Lot Size: N233X326X160X318
  • Lot Size Sq Ft: 61855.2
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Cedar

Tax Info

  • Tax Year: 2023
  • Assessor Parcel Number: 1511723330046
  • Tax Annual Amount: 22785
  • TaxWithAssessments: 22785.0000

Multi Family

  • WaterfrontFeatures: Dock, Other

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 30, 2023
Closed on
Sep 29, 2023
Sold by
Sharma Julia L and Sharma Vibhu R
Bought by
Swenson Jack R and Swenson Kathryn C
Seller's Agent
Janet Boschwitz
Edina Realty, Inc.
Buyer's Agent
Janet Boschwitz
Edina Realty, Inc.
List Price
$1,895,000
Sold Price
$1,725,000
Premium/Discount to List
-$170,000
-8.97%
Total Days on Market
73
Views
82
Current Estimated Value
$2,515,139

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$790,139
Avg. Annual Appreciation
19.53%

Purchase Details

Closed on
Aug 18, 2004
Sold by
Rodgers Stephan S
Bought by
Sirva Relocation

Purchase Details

Closed on
Jun 30, 2000
Sold by
Goldsmith Steven M
Bought by
Rodgers Stephan S and Rodgers Robin J

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

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.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Swenson Jack R $1,725,000 Edina Realty Title
Sirva Relocation $1,500,000 --
Sharma Vighu R $1,500,000 --
Rodgers Stephan S $950,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sharma Vibhu R $250,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/29/2023 09/29/23 Sold $1,725,000 0.0% $303 / Sq Ft
08/12/2023 08/12/23 Pending -- -- --
08/02/2023 08/02/23 Off Market $1,725,000 -- --
06/27/2023 06/27/23 Price Changed $1,795,000 -5.3% $316 / Sq Ft
06/06/2023 06/06/23 Price Changed $1,895,000 0.0% $333 / Sq Ft
06/06/2023 06/06/23 For Sale $1,895,000 +9.9% $333 / Sq Ft
06/02/2023 06/02/23 Off Market $1,725,000 -- --
05/30/2023 05/30/23 For Sale $2,000,000 -- $352 / 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 $25,350 $2,198,800 $1,003,200 $1,195,600
2022 $22,907 $1,987,000 $660,000 $1,327,000
2021 $23,265 $1,752,000 $734,000 $1,018,000
2020 $23,432 $1,785,000 $819,000 $966,000
2019 $22,330 $1,701,000 $761,000 $940,000
2018 $22,330 $1,594,000 $721,000 $873,000
2017 $22,884 $1,575,000 $721,000 $854,000
2016 $21,785 $1,497,000 $721,000 $776,000
2015 $21,177 $1,462,000 $686,000 $776,000
2014 -- $1,244,000 $500,000 $744,000
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Similar Homes in Wayzata, MN

  • 1516 Brightwood Dr, Wayzata, MN 55391

    $2,399,000

    • 6 Beds
    • 6.5 Baths
    • 8,107 Sq Ft
    • 1516 Brightwood Dr
    • Wayzata, MN

    Come home to luxury in 8000+ FSF home. 4 car garage. Elevator to all 4 floors, Main level living includes 9-10’ ceilings, stunning dark stained woods along with light enamel cabinetry & trim, wood ceilings. Private MIL suite w/laundry and separate access. Stunning Kitchen w/huge island, Thermador Appliances, WI Pantry, Glass display cabinets, desk nook, open to Great Room w/stone FP, abundance of

    William Roemer First Impressions Home Group

    Section Image
  • 2645 Arcola Ln, Wayzata, MN 55391

    $2,995,000

    • 5 Beds
    • 7 Baths
    • 6,885 Sq Ft
    • 2645 Arcola Ln
    • Wayzata, MN

    New Price! Come Experience Lafayette Bay with Breathtaking Views all the way to Excelsior.Luxurious lakeside living with 122 feet of prime shoreline offering stunning southern-facing views all the way to Excelsior. Custom-built by Steiner & Koppelman, this timeless two-story residence showcases exceptional craftsmanship, refined finishes, and thoughtful design throughout.The main level features

    Scott Stabeck Coldwell Banker Realty

    Section Image
  • 2314 Old Beach Rd, Wayzata, MN 55391

    $1,995,000

    • 5 Beds
    • 5 Baths
    • 4,976 Sq Ft
    • 2314 Old Beach Rd
    • Wayzata, MN

    This is a rare opportunity to enjoy the lake life in a masterfully renovated 2-story that checks all the modern-day boxes, with dock access on Lake Minnetonka, within the coveted City of Minnetonka Beach and Orono Schools. The home is set on a private, maturely wooded, acreage lot, on a quiet, charming, dead end cul-de-sac that gives Coastal Hamptons vibes. The setting offers low traffic,

    Nick Leyendecker LEYENDECKER Realty

    Section Image
  • 3061 Casco Point Rd, Wayzata, MN 55391

    $2,999,000

    • 5 Beds
    • 5 Baths
    • 5,797 Sq Ft
    • 3061 Casco Point Rd
    • Wayzata, MN

    Lakeshore on Casco Point, USA! Architecturally designed home with open design, soaring vaults, walls of glass and magical sunsets all year long. Special combination of home and property showcasing the perfect elevation with lush rolling lawn, towering hardwood trees, perennial gardens and miles of west-facing upper lake views. Three bedrooms on the upper level including lakeside primary with

    Gregg Larsen Coldwell Banker Realty

    Section Image
  • 18400 Maple Ridge Rd, Wayzata, MN 55391

    $2,325,000

    • 4 Beds
    • 5 Baths
    • 4,195 Sq Ft
    • 18400 Maple Ridge Rd
    • Wayzata, MN

    Welcome to Woodland! Experience the perfect blend of elegance, comfort and convenience in this beautifully designed home crafted by renowned architect Mike Sharratt. Nestled in a serene, wooded setting with breathtaking pond views, this home offers a peaceful retreat just minutes from downtown Wayzata and Excelsior. The open-concept main floor showcases stunning woodwork, wood floors, a cozy

    Margaret Trenary Trenary Realty Group

    Section Image
  • 251 Glenbrook Rd N, Wayzata, MN 55391

    $2,275,000

    • 6 Beds
    • 5.5 Baths
    • 5,605 Sq Ft
    • 251 Glenbrook Rd N
    • Wayzata, MN

    This thoughtfully reimagined contemporary residence is situated on a quiet cul-de-sac, offering tranquil views of a scenic pond teeming with wildlife. Designed for both everyday living and elegant entertaining, the home features a striking 12 foot kitchen island and a dining area bathed in natural light from dramatic two-story windows. The living room centers around a modern linear fireplace,

    Debbie McNally Lakes Sotheby's International

    Section Image
  • 1901 Linner Rd, Wayzata, MN 55391

    $1,895,000

    • 4 Beds
    • 6 Baths
    • 4,931 Sq Ft
    • 1901 Linner Rd
    • Wayzata, MN

    Welcome to 1901 Linner Road. This elegant home offers an expansive 4,931 square feet of luxurious living space, thoughtfully designed to provide both comfort and sophistication. Recent renovations include new oak floors, new carpet, and freshly enameled cabinets in kitchen, family room, and office. Upon entering, you are greeted by a grand foyer that seamlessly flows into the spacious living

    George Stickney Coldwell Banker Realty

    Section Image

Source: NorthstarMLS

MLS Number: 6378649

NorthstarMLS

APN: 15-117-23-33-0046