NOT LISTED FOR SALE

275 Lake St E Unit 302 Wayzata, MN 55391

Estimated Value: $3,301,000 - $3,815,000

2 Beds
2.5 Baths
3,125 Sq Ft
$1,208/mo HOA Fee

Last Sold September 23, 2024

Last sale price $3,590,000 $1,149 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $24,119/month

1 Day on Market

Highlights

  • Lake View
  • Built-In Double Oven
  • 1-Story Property
  • Gleason Lake Elementary School Rated A
  • Stainless Steel Appliances
  • Forced Air Heating and Cooling System

About This Home

As of September 2024

Experience the epitome of sophisticated urban living from the top floor! Welcome to 275 Lake Street, unit 302, where over 3125 finished square feet overlook breathtaking views of Lake Minnetonka. Floor to ceiling windows flood the space with natural light, enhancing the grandeur of the generous room sizes. Centered around a love for cooking and entertaining, this gourmet kitchen will surely impress- Rift White Oak cabinetry with walnut accents, Thermador appliances, quartzite countertops, walk in pantry and coffee bar- All the details that make entertaining easy and fun! The Open Concept Great Room boasts a custom designed gas fireplace that is flanked by floating cabinets. Floor to ceiling windows will draw your attention to the tranquility of Lake Minnetonka and the expansive 58 x 11 balcony, blending indoor and outdoor living. Step through the four-panel accordion door with phantom screens and bask in the warmth of the patio heater, creating an inviting and versatile space for all seasons. The accessory rooms are just as exceptional! A cozy den is adjacent to the custom wet bar equipped with sink and Subzero refrigeration. The Primary Bedroom faces South and has sweeping sunlit views throughout the day. The Spa-like Primary Bath has a gorgeous walnut vanity with walk in shower & separate stool room. The Guest Bedroom has an equally beautifully appointed bath. Ample storage, large laundry, Sono’s surround sound, remote shades, full house water purification system, 2 heated parking stalls and the comfort of knowing you’re in a secure 18 unit building in the heart of Wayzata – The Ultimate in comfort and convenience.

Last Agent to Sell the Property

Lynne O'Reilly

Compass Listed on: 07/24/2024

Compass

Co-Listed By

Harry Johnson

Compass

Last Buyer's Agent

Julie Regan

Lakes Sotheby's International Realty

Lakes Sotheby's International Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $40,123

Year Built

  • Built in 2019

Lot Details

  • 0.74

HOA Fees

  • $1,208 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Heated Garage
  • Insulated Garage
  • Garage Door Opener
  • Secure Parking

Property Views

  • Lake
  • City

Interior Spaces

  • 3,125 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace

Kitchen

  • Built-In Double Oven
  • Cooktop
  • Microwave
  • Freezer
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Forced Air Heating and Cooling System
  • Humidifier
  • Water Filtration System

Community Details

  • Association fees include maintenance structure, controlled access, hazard insurance, lawn care, ground maintenance, professional mgmt, trash, snow removal
  • Gassen Association, Phone Number (952) 922-2004
  • Low-Rise Condominium
  • Cic 2086 Wayzata Blu Condo Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0611722320048

Property Details

Home Type

Condominium

Est. Annual Taxes

$40,123

Year Built

Built in 2019

Lot Details

0

HOA Fees

$1,208 per month

Parking

2

Listing Details

  • Type: Residential
  • Property Subtype 1: Low Rise
  • Cooling System: Central Air
  • Garage Spaces: 2
  • Accessibility Features: No Stairs Internal
  • Fireplaces: 1
  • Water Source: City Water/Connected
  • Fee Frequency: Monthly
  • Year Built: 2019
  • Above Grade Finished Sq Ft: 3125
  • Water Body Name: Minnetonka
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • FoundationDimensions: 3125
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Basement: None
  • Appliances: Chandelier, Cooktop, Dishwasher, Disposal, Double Oven, Dryer, Exhaust Fan, Freezer, Humidifier, Water Filtration System, Water Osmosis System, Microwave, Refrigerator, Stainless Steel Appliances, Wall Oven, Washer, Water Softener Owned
  • Fireplace Features: Gas, Living Room
  • Living Area: 3125
  • Fireplace: Yes
  • Basement YN: No
  • Dining Room Type: Living Room, Dining Room, Kitchen, Bedroom 1, Bedroom 2

Beds/Baths

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

Exterior Features

  • Roof: Age 8 Years or Less
  • View: Bay
  • ConstructionMaterialsDesc: Concrete,Frame,Steel
  • Lake Acres: 14205
  • LakeChain: N

Garage/Parking

  • Parking Features: Assigned, Finished Garage, Garage Door Opener, Heated Garage, Insulated Garage, Parking Garage, Secured

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • Fuel: Natural Gas
  • Power Company: Xcel Energy

Condo/Co-op/Association

  • HOA Fee Includes: Maintenance Structure, Controlled Access, Hazard Insurance, Lawn Care, Maintenance Grounds, Professional Mgmt, Trash, Snow Removal
  • Phone: 952-922-2004
  • Association Fee: 1208
  • Association: Yes
  • Amenities Unit: Balcony,Ceiling Fan(s),City View,Hardwood Floors,Indoor Sprinklers,Kitchen Center Island,Main Floor Primary Bedroom,Natural Woodwork,Washer/Dryer Hookup,Wet Bar,Walk-In Closet

Association/Amenities

  • HOA Management Co: Gassen

Schools

  • Junior High Dist: Wayzata
  • SchoolDistrictNumber: 284
  • SchoolDistrictPhone: 763-745-5000

Lot Info

  • Waterfront YN: No
  • PropertyAttachedYN: Yes
  • Lot Size: 0
  • Lot Size Sq Ft: 32103.72
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Brick/Stone, Fiber Cement, Engineered Wood

Tax Info

  • Tax Year: 2024
  • Assessor Parcel Number: 0611722320048
  • Tax Annual Amount: 40123
  • TaxWithAssessments: 40123.3400

Multi Family

  • WaterfrontFeatures: Lake View

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 24, 2024
Closed on
Sep 18, 2024
Sold by
The Martha M Miller Revocable Trust Agre
Bought by
Erickson Susan and Erickson Neal
Seller's Agent
Lynne O'Reilly
Compass
Buyer's Agent
Julie Regan
Lakes Sotheby's International Realty
List Price
$3,590,000
Sold Price
$3,590,000
Views
1
Current Estimated Value
$3,542,847

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$47,153
Avg. Annual Appreciation
-2.87%

Purchase Details

Closed on
Apr 27, 2020
Sold by
275 Lake Llc
Bought by
Martha M Miller Revocable Trust and Miller

Purchase Details

Closed on
Oct 1, 2019
Sold by
Given Not
Bought by
County Of Hennepin
Source: Public Records

Range of Values:

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Average Value
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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
Erickson Susan $3,590,000 --
Martha M Miller Revocable Trust $2,972,844 Guaranty Commercial Title
County Of Hennepin -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/23/2024 09/23/24 Sold $3,590,000 0.0% $1,149 / Sq Ft
07/25/2024 07/25/24 Pending -- -- --
07/24/2024 07/24/24 For Sale $3,590,000 -- $1,149 / 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 $40,123 $3,356,800 $830,000 $2,526,800
2022 $34,727 $2,825,000 $438,000 $2,387,000
2021 $22,645 $2,517,000 $438,000 $2,079,000
2020 $8,346 $1,679,000 $438,000 $1,241,000
2019 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6572313

NorthstarMLS

APN: 06-117-22-32-0048