Seller's Agent in 2021
Daniel Hollerman
Compass
(952) 292-1200
18 in this area
110 Total Sales
3143 Lafayette Ridge Rd Wayzata, MN 55391
Estimated Value: $1,723,000 - $2,156,000
6
Beds
4.5
Baths
4,496
Sq Ft
$424/Sq Ft
Est. Value
Highlights
- Deeded Waterfront Access Rights
- Beach View
- Boat Slip
- Schumann Elementary School Rated A-
- Dock Facilities
- Spa
About This Home
As of June 2021An exceptional opportunity in coveted Minnetonka Beach. Featuring vista views of Lafayette Bay and an
association dock slip on Lake Minnetonka. This property offers endless recreational opportunities
through The Lafayette Ridge Home Owners Association which features covered dockage, beach access, a
waterfront gazebo, and a tennis court as well as an ideal location near the Dakota Walking Trail, the
Lafayette Country Club, and local restaurants and retail. Home highlights include: a functional main
floor with all the right spaces for daily living and entertainment, a sumptuous master suite with light
and bright lake views, and a lower level walkout with a media room and lower level summer kitchen.
Located in the award-winning Orono School District.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $10,061
Year Built
- Built in 1988
Lot Details
- 0.34 Acre Lot
- Lot Dimensions are 56x150x157x150
HOA Fees
- $250 Monthly HOA Fees
Parking
- 3 Car Attached Garage
Property Views
- Beach
- Lake
Home Design
- Frame Construction
- Asphalt Shingled Roof
- Wood Siding
- Stone Siding
Interior Spaces
- 2-Story Property
- Woodwork
- Vaulted Ceiling
- 1 Fireplace
- Great Room
- Family Room
- Home Security System
- Kitchen Island
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 6 Bedrooms
Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
- Basement Window Egress
Outdoor Features
- Spa
- Deeded Waterfront Access Rights
- Boat Slip
- Dock Facilities
- Dock Available
- Deck
Utilities
- Forced Air Heating and Cooling System
Community Details
- Association fees include beach access, dock, recreation facility, shared amenities
- Lafayette Ridge Homeowners Association
- Lafayette Ridge Subdivision
Listing and Financial Details
- Assessor Parcel Number 1611723330010
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 4, 2021
Closed on
May 20, 2021
Sold by
Stanchfield Warren R and Stanchfield Dena Rae
Bought by
Ormberg Chad and Ormberg Katelyn
Seller's Agent
Daniel Hollerman
Compass
Buyer's Agent
Scott Stevenson
Coldwell Banker Realty
List Price
$1,500,000
Sold Price
$1,400,000
Premium/Discount to List
-$100,000
-6.67%
Total Days on Market
0
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$507,783
Avg. Annual Appreciation
6.66%
Original Mortgage
$1,120,000
Interest Rate
2.9%
Mortgage Type
New Conventional
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Ormberg Chad | $1,400,000 | Executive Title Services |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Ormberg Chad | $140,000 | |
| Previous Owner | Ormberg Chad | $1,120,000 | |
| Previous Owner | Stanchfield Warren R | $650,000 | |
| Previous Owner | Stanchfield Warren R | $600,000 | |
| Previous Owner | Stanchfield Warren R | $327,600 | |
| Previous Owner | Stanchfield Warren R | $190,000 | |
| Previous Owner | Stanchfield Warren R | $389,250 | |
| Previous Owner | Stanchfield Warren R | $364,024 | |
| Previous Owner | Stanchfield Dena Rae Hall | $417,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/11/2021 06/11/21 | Sold | $1,400,000 | -6.7% | $311 / Sq Ft |
| 05/04/2021 05/04/21 | Pending | -- | -- | -- |
| 05/04/2021 05/04/21 | For Sale | $1,500,000 | -- | $334 / Sq Ft |
Source: NorthstarMLS
Tax History Compared to Growth
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 | $18,330 | $1,613,600 | $744,700 | $868,900 |
| 2022 | $9,763 | $1,257,000 | $677,000 | $580,000 |
| 2021 | $10,061 | $796,000 | $385,000 | $411,000 |
| 2020 | $10,125 | $820,000 | $412,000 | $408,000 |
| 2019 | $9,784 | $783,000 | $374,000 | $409,000 |
| 2018 | $10,549 | $746,000 | $345,000 | $401,000 |
| 2017 | $11,550 | $837,000 | $434,000 | $403,000 |
| 2016 | $11,160 | $809,000 | $434,000 | $375,000 |
| 2015 | $10,796 | $788,000 | $413,000 | $375,000 |
| 2014 | -- | $603,000 | $250,000 | $353,000 |
Source: Public Records
Agents Affiliated with this Home
-
Daniel Hollerman
-
Scott Stevenson
Buyer's Agent in 2021
Scott Stevenson
Coldwell Banker Burnet
(612) 965-9586
1 in this area
110 Total Sales
Map
Similar Homes in Wayzata, MN
Source: NorthstarMLS
MLS Number: NST5740966
APN: 16-117-23-33-0010
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