$2,050,000
SOLD MAR 10, 2014

2515 Cedar Point Dr Wayzata, MN 55391

2.01 Acres
$1,019,900 Price per Acre
87,556 Sq Ft Lot

Recently Sold

41% Below List Price

409 Days on Market

Highlights

  • 246 Feet of Waterfront
  • Landscaped with Trees
  • Level Lot
  • Groveland Elementary School Rated A
  • Agricultural

About This Lot

As of March 2014

Extraordinary long admired lakeshore building site in prime Maplewoods neighborhood. First time this property has been offered. No builder restrictions. One-of-a-kind opportunity. All dimensions should be verified.

Last Agent to Sell the Property

Ellen DeHaven

Coldwell Banker Burnet Listed on: 01/24/2013

Last Buyer's Agent

Karolina Kasbi

Real Estate Masters, Ltd.

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $100,743

Lot Details

  • 2.01 Acre Lot
  • 246 Feet of Waterfront
  • Lake Front
  • Level Lot
  • Irregular Lot
  • Landscaped with Trees

Farming

  • Agricultural

Utilities

  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 0711722310033

Property Details

Property Type

Land

Est. Annual Taxes

$100,743

Lot Details

0

Listing Details

  • Class: Lot/Land
  • Classification: Nonhomestead
  • Sub Type: Agriculture
  • Estimated Wooded Acres: 2.15
  • Parcel Number: 0711722310033
  • Projected Closed Date: 03/09/2014
  • Street Designation: Drive
  • Taxes With Assessments: 33090.64
  • Estimated Number of Acres: 2.01
  • Additional Information: Platted, Survey, Survey Stakes
  • Development Status: Raw Land
  • Land Improvements: Paved, Private
  • Topography: Level, Sloped, Solar Oriented, Walkout
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • LakeAcres: 14652
  • Waterfront: Yes
  • Water Frontage: 246
  • Waterfront Description: Lake

Utilities

  • On Site Utilities: Cable Tv, Electric, Natural Gas, Telephone

Schools

  • School District: Minnetonka #276

Lot Info

  • Lot/Land Description: Irregular Lot, Tree Coverage - Medium, Paved Streets

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 24, 2013
Closed on
Mar 14, 2014
Sold by
Kasbi Gail D
Bought by
The Gail Danae Kasbi Amended & Restated
Seller's Agent
Ellen DeHaven
Coldwell Banker Burnet
Buyer's Agent
Karolina Kasbi
Real Estate Masters, Ltd.
List Price
$3,495,000
Sold Price
$2,050,000
Premium/Discount to List
-$1,445,000
-41.34%
Current Estimated Value
$5,375,894

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,325,894
Avg. Annual Appreciation
8.82%

Purchase Details

Listed on
Jan 24, 2013
Closed on
Mar 7, 2014
Sold by
Morrison John L
Bought by
Kasbi Gail D
Seller's Agent
Ellen DeHaven
Coldwell Banker Burnet
Buyer's Agent
Karolina Kasbi
Real Estate Masters, Ltd.
List Price
$3,495,000
Sold Price
$2,050,000
Premium/Discount to List
-$1,445,000
-41.34%
Source: Public Records

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 Type Sale Price Title Company
Interfamily Deed Transfer -- Old Masters Title
Deed $2,050,000 Guaranty Title Inc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $6,500,000 Balloon
Closed $1,000,000 Adjustable Rate Mortgage/ARM
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/10/2014 03/10/14 Sold $2,050,000 -41.3% --
03/09/2014 03/09/14 Pending -- -- --
01/24/2013 01/24/13 For Sale $3,495,000 -- --
Source: REALTOR® Association of Southern Minnesota

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 $100,743 $8,757,300 $3,868,200 $4,889,100
2022 $67,755 $6,786,000 $3,522,000 $3,264,000
2021 $66,985 $5,293,000 $2,897,000 $2,396,000
2020 $66,002 $5,208,000 $2,840,000 $2,368,000
2019 $68,299 $4,892,000 $2,570,000 $2,322,000
2018 $64,768 $5,019,000 $2,313,000 $2,706,000
2017 $62,295 $4,526,000 $2,313,000 $2,213,000
2016 $31,861 $2,310,000 $2,210,000 $100,000
2015 $33,366 $2,310,000 $2,310,000 $0
2014 -- $2,210,000 $2,210,000 $0
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2014

    Ellen DeHaven

    Coldwell Banker Burnet

  • K

    Buyer's Agent in 2014

    Karolina Kasbi

    Real Estate Masters, Ltd.

See All Agents

Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 4433772

REALTOR® Association of Southern Minnesota

APN: 07-117-22-31-0033

Minnesota Hennepin County Wayzata 55391

2515 Cedar Point Dr, Wayzata, MN

This home is located at 2515 Cedar Point Dr, Wayzata, MN 55391 and is currently priced at $2,050,000. 2515 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.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

REALTOR® Association of Southern Minnesota IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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