NOT LISTED FOR SALE

2534 Lafayette Rd Wayzata, MN 55391

Estimated Value: $2,678,000 - $3,127,000

0.21 Acre
$13,747,600 Price per Acre
9,148 Sq Ft Lot

Last Sold September 30, 2013

Last sale price $409,888

Est. 604% increase in value since last sale

Current estimated payment $17,788/month

Highlights

  • Waterfront
  • Agricultural
  • Level Lot
  • Schumann Elementary School Rated A-

About This Lot

As of September 2013

Welcome to Minnetonka Beach! One of Lake Mtka's premier neighborhoods. Perfect location across from beach & dock. Quality construction options thru Gordon James.

Last Agent to Sell the Property

Matthew Johnson

Edina Realty, Inc. Listed on: 07/09/2013

Last Buyer's Agent

Matthew Johnson

Edina Realty, Inc. Listed on: 07/09/2013

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $22,122

Lot Details

  • 9,148 Sq Ft Lot
  • Waterfront
  • Level Lot
  • Finished Lot(s)

Farming

  • Agricultural

Utilities

  • Phone Available
  • Cable TV Available

Property Details

Property Type

Land

Est. Annual Taxes

$22,122

Lot Details

0

Listing Details

  • Class: Lot/Land
  • Classification: Nonhomestead
  • Sub Type: Agriculture
  • Projected Closed Date: 09/30/2013
  • Taxes With Assessments: 2720
  • Estimated Number of Acres: 0.21
  • Additional Information: Easements, Platted, Survey, Survey Stakes
  • Development Status: Finished Lot
  • Land Improvements: Paved
  • Restricted To These Builders: Gordon James Construction
  • Topography: Level
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • LakeAcres: 14652
  • Waterfront: Yes

Utilities

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 9, 2013
Closed on
Sep 20, 2013
Sold by
Myers Phillip Ward and Myers Mary Elizabeth
Bought by
Potteraum Todd L and Potteraum Sheri L
Seller's Agent
Matthew Johnson
Edina Realty, Inc.
Buyer's Agent
Matthew Johnson
Edina Realty, Inc.
List Price
$449,900
Sold Price
$409,888
Premium/Discount to List
-$40,012
-8.89%
Current Estimated Value
$2,886,996

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,477,108
Avg. Annual Appreciation
16.54%
Original Mortgage
$948,966
Interest Rate
3.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 30, 2004
Sold by
Homstad Floyd M and Homstad Carol Ann
Bought by
Myers Mary E and Myers Phillip W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$720,000
Interest Rate
5.25%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

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
Potteraum Todd L $409,888 Title Support Services
Myers Mary E $900,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pottebaum Todd L $860,600
Closed Pottebaum Todd L $852,000
Closed Potteraum Todd L $948,966
Previous Owner Myers Mary Elizabeth $720,000
Previous Owner Myers Mary Elizabeth $90,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/30/2013 09/30/13 Sold $409,888 -8.9% --
07/09/2013 07/09/13 Pending -- -- --
07/09/2013 07/09/13 For Sale $449,900 -- --
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 $22,122 $1,929,700 $965,000 $964,700
2022 $21,093 $1,784,000 $880,000 $904,000
2021 $20,104 $1,620,000 $880,000 $740,000
2020 $14,937 $1,554,000 $880,000 $674,000
2019 $14,149 $1,115,000 $450,000 $665,000
2018 $13,381 $1,041,000 $405,000 $636,000
2017 $13,008 $932,000 $402,000 $530,000
2016 $12,272 $881,000 $402,000 $479,000
2015 $5,853 $380,000 $380,000 $0
2014 -- $143,000 $143,000 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2013

    Matthew Johnson

    Edina Realty, Inc.

See All Agents

Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 4521222

REALTOR® Association of Southern Minnesota

APN: 15-117-23-33-0025

Minnesota Hennepin County Wayzata 55391

2534 Lafayette Rd, Wayzata, MN

This home is located at 2534 Lafayette Rd, Wayzata, MN 55391 since 09 July 2013 and is currently estimated at $2,886,996. 2534 Lafayette Rd is a home located in Hennepin County with nearby schools including Schumann Elementary School, Orono Intermediate Elementary School, and Orono Middle 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.

Nearby Homes