NOT LISTED FOR SALE

275 Lake St E Unit 304 Wayzata, MN 55391

Wayzata Neighborhood

Estimated Value: $3,222,000 - $4,168,000

2 Beds
2.5 Baths
3,167 Sq Ft
$995/mo HOA Fee

Last Sold July 18, 2022

Last sale price $3,279,000 $1,035 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $24,430/month

50 Days on Market

Highlights

  • Home Theater
  • Deck
  • Living Room
  • Gleason Lake Elementary School Rated A
  • Elevator
  • Storage Room

About This Home

As of July 2022

The first resale in Wayzata Blu! This extremely customized, contemporary, one of a kind condo is now available. Smart, sophisticated and ready to move in ....like new condition. Wood flooring throughout, all custom cabinetry and built ins, sophisticated light controls, just to name of few of the high end finishes. Enjoy the resort lifestyle that Wayzata offers....casual and fine dining, unique shops along with the exciting Panaway are right outside your front door. Forward thinking design, concrete construction and top of the line materials make this boutique 18 unit builidng a special place to call home.

Last Listed By

Jan Carlson

Gatehouse Properties LTD Listed on: 03/08/2022

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $22,431

Year Built

  • Built in 2020

Lot Details

  • 0.74

HOA Fees

  • $995 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Heated Garage
  • Insulated Garage

Home Design

  • Flat Roof Shape
  • Rubber Roof

Interior Spaces

  • 3,167 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Home Theater
  • Storage Room

Kitchen

  • Built-In Oven
  • Cooktop
  • Microwave
  • Freezer
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms

Laundry

  • Dryer
  • Washer

Home Security

Outdoor Features

  • Deck

Utilities

  • Forced Air Heating and Cooling System
  • Humidifier
  • 200+ Amp Service
  • Water Filtration System

Listing and Financial Details

  • Assessor Parcel Number 0611722320050

Community Details

Overview

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

Additional Features

  • Elevator
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$22,431

Year Built

Built in 2020

Lot Details

0

HOA Fees

$995 per month

Parking

2

Listing Details

  • Type: Residential
  • Property Subtype 1: Low Rise
  • Cooling System: Central Air
  • Garage Spaces: 2
  • Accessibility Features: Accessible Elevator Installed, No Stairs External, No Stairs Internal, Partially Wheelchair
  • Water Source: City Water/Connected
  • Association Amenities: Elevator(s), Fire Sprinkler System, In-Ground Sprinkler System, Security
  • Fee Frequency: Monthly
  • Year Built: 2020
  • Above Grade Finished Sq Ft: 3167
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • InternetOptions: Cable,Fiber Optic
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Basement: None
  • Appliances: Cooktop, Dishwasher, Disposal, Dryer, Freezer, Humidifier, Gas Water Heater, Water Filtration System, Water Osmosis System, Microwave, Refrigerator, Wall Oven, Washer, Water Softener Owned
  • Living Area: 3167
  • Fireplace: No
  • Dining Room Type: Living Room, Dining Room, Kitchen, Bedroom 1, Bedroom 2, Media Room, Mud Room, Laundry, Storage, Deck, Deck

Beds/Baths

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

Exterior Features

  • Roof: Flat, Rubber
  • PoolFeatures: None
  • Fencing: None
  • ConstructionMaterialsDesc: Block,Concrete,Steel,Stone

Garage/Parking

  • Parking Features: Asphalt, Heated Garage, Insulated Garage, Underground

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • Electric: 200+ Amp Service
  • Fuel: Natural Gas
  • Power Company: Xcel Energy

Condo/Co-op/Association

  • HOA Fee Includes: Maintenance Structure, Controlled Access, Hazard Insurance, Maintenance Grounds, Parking, Professional Mgmt, Security, Lawn Care, Snow Removal
  • Phone: 952-922-2004
  • Association Fee: 995
  • Association: Yes

Association/Amenities

  • HOA Management Co: Gassen Company

Schools

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

Lot Info

  • PropertyAttachedYN: Yes
  • Lot Size: 1x1
  • Lot Size Sq Ft: 32147.28
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Other
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Brick/Stone, Metal Siding, Stucco, Wood Siding

Tax Info

  • Tax Year: 2021
  • Assessor Parcel Number: 0611722320050
  • Tax Annual Amount: 22431
  • TaxWithAssessments: 22431.0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 8, 2022
Closed on
Jul 18, 2022
Sold by
Gabbert John and Olvera Cristina
Bought by
1996 Goven Family Gst Exempt Trust
Seller's Agent
Jan Carlson
Gatehouse Properties LTD
Buyer's Agent
John Adams
Compass
List Price
$3,279,000
Sold Price
$3,279,000
Total Days on Market
50
Current Estimated Value
$3,625,092

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$346,092
Avg. Annual Appreciation
3.65%

Purchase Details

Listed on
Mar 8, 2022
Closed on
Jul 13, 2022
Sold by
Gabbert John and Olvera Crislina
Bought by
1996 Gov En Farniiyist Exerat Trusi
Seller's Agent
Jan Carlson
Gatehouse Properties LTD
Buyer's Agent
John Adams
Compass
List Price
$3,279,000
Sold Price
$3,279,000

Purchase Details

Listed on
Aug 9, 2019
Closed on
Jul 16, 2020
Sold by
275 Lake Llc
Bought by
Gabbert John
Seller's Agent
David Carlson
Gatehouse Properties LTD
Buyer's Agent
David Carlson
Gatehouse Properties LTD
List Price
$2,900,000
Sold Price
$2,440,000
Premium/Discount to List
-$460,000
-15.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.92%

Purchase Details

Closed on
Oct 1, 2019
Sold by
Given Not
Bought by
County Of Hennepin

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
1996 Goven Family Gst Exempt Trust $3,279,000 --
1996 Gov En Farniiyist Exerat Trusi $3,279,000 Burnet Title
Gabbert John $2,440,000 Guaranty Commercial Ttl Inc
County Of Hennepin -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/18/2022 07/18/22 Sold $3,279,000 0.0% $1,035 / Sq Ft
04/27/2022 04/27/22 Pending -- -- --
03/08/2022 03/08/22 For Sale $3,279,000 +34.4% $1,035 / Sq Ft
07/17/2020 07/17/20 Sold $2,440,000 -15.9% $770 / Sq Ft
06/26/2020 06/26/20 Pending -- -- --
08/09/2019 08/09/19 For Sale $2,900,000 -- $916 / 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 $40,038 $3,349,800 $796,800 $2,553,000
2022 $28,956 $2,362,000 $420,000 $1,942,000
2021 $22,431 $2,113,000 $420,000 $1,693,000
2020 $8,529 $1,664,000 $420,000 $1,244,000
2019 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Similar Homes in Wayzata, MN

  • 275 Lake St E Unit 301, Wayzata, MN 55391

    $3,995,000

    • 2 Beds
    • 2.5 Baths
    • 3,200 Sq Ft
    • 275 Lake St E
    • Unit 301
    • Wayzata, MN

    Experience luxury lakeside living in this exquisite top-floor corner unit at Wayzata Blu, an exclusive 18-residence boutique building in downtown Wayzata. Designed by MartinPatrick3, this stunning home offers breathtaking Lake Minnetonka views and a 586 SF private terrace, perfect for entertaining or relaxing. Soaring ceilings and floor-to-ceiling windows flood the space with natural light. A

    David Stickney Coldwell Banker Realty

    Section Image
  • 875 Lake St N Unit 409, Wayzata, MN 55391

    $2,875,000

    • 3 Beds
    • 4 Baths
    • 3,025 Sq Ft
    • 875 Lake St N
    • Unit 409
    • Wayzata, MN

    Incredible two story unit with Main floor living and spacious loft! Regatta is located in the heart of charming downtown Wayzata. This top-floor unit boasts 3,025 square feet of refined living space, featuring two spacious bedrooms (loft is third bedroom), four luxurious bathrooms and three deck/balcony spaces. Delight in the plantation shutters, gleaming hardwood floors, and built-in speakers

    Beth Ulrich Compass

    Section Image

Source: NorthstarMLS

MLS Number: 6161403

NorthstarMLS

APN: 06-117-22-32-0050