NOT LISTED FOR SALE

3545 Ivy Place Wayzata, MN 55391

Estimated Value: $1,945,880 - $3,952,000

0.96 Acre
$2,576,271 Price per Acre
41,818 Sq Ft Lot

Last Sold May 31, 2024

Last sale price $1,825,000 $850 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $14,214/month

33 Days on Market

Highlights

  • 200 Feet of Waterfront
  • Shirley Hills Primary School Rated A
  • No HOA

About This Lot

As of May 2024

PRIVACY abounds - Build your dream home on Casco Cove of Lake Minnetonka. It offers 200 ft on a protected harbor with nearly 1 acre of elbow room. Sits on a road less traveled in an area of multi-million-dollar homes on prestigious Casco Point, making it a very unique setting. Plus, a nice picnic area and fire pit at the water’s edge with a large boat dock that has 4 slips. Or you could remodel the current 4000+ sq ft walkout rambler with 3 car garage on the site. The property offers numerous options and the current house is very livable while you ponder on what path to go forward with. Survey and Plat attached under supplements on MLS. See it soon – you will be glad you did. PLEASE Do Not walk the property without an approved appt thru Showingtime on MLS. House is occupied Do Not disturb the owners and Very LIMITED access to the house for Serious buyers with 48 hrs NOTICE.

Last Agent to Sell the Property

joel hentges

RE/MAX Advantage Plus Listed on: 04/03/2024

RE/MAX Advantage Plus

Last Buyer's Agent

Pete Ice

Edina Realty, Inc.

Edina Realty, Inc.

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $13,166

Lot Details

  • 200 Feet of Waterfront
  • Lake Front
  • Finished Lot(s)

Utilities

  • Cable TV Available

Community Details

  • No Home Owners Association
  • Casco Cove Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2011723420034

Property Details

Property Type

Land

Est. Annual Taxes

$13,166

Lot Details

0

Listing Details

  • Type: Land
  • Development Status: Finished Lot(s)
  • Water Body Name: Minnetonka
  • FractionalOwnershipYN: No
  • Rental License?: No
  • InternetOptions: Cable
  • BuilderRestrict: Open
  • Improvements: Paved Streets,Public Road
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Inclusions: Dock,For Sale Sign

Exterior Features

  • View: Harbor
  • Lake Acres: 14205
  • Lake Bottom: Soft
  • LakeChain: N
  • Elevation Highpoint to Waterfront Feet: 15-26
  • Waterfront Frontage: 200

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Electricity Available, Natural Gas Available, Sewer Available, Water Available

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Westonka
  • SchoolDistrictNumber: 277
  • SchoolDistrictPhone: 952-491-8001

Lot Info

  • Topography: Walkout
  • Waterfront YN: Yes
  • Lot Size: 200L x 282 x 165 x 137
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • AssessmentPending: Unknown

Tax Info

  • Tax Year: 2024
  • Assessor Parcel Number: 2011723420034
  • Tax Annual Amount: 13166
  • TaxWithAssessments: 13838.0000
  • TaxableAcres: 0.960

Multi Family

  • WaterfrontFeatures: Dock, Lake Front

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 3, 2024
Closed on
May 31, 2024
Sold by
Tonka Bay Development Llc
Bought by
The Elizabeth E Flynn-Ferry Revocable T and The Mark J Ferry Revocable Trust
Seller's Agent
joel hentges
RE/MAX Advantage Plus
Buyer's Agent
Pete Ice
Edina Realty, Inc.
List Price
$1,950,000
Sold Price
$1,825,000
Premium/Discount to List
-$125,000
-6.41%
Views
49
Current Estimated Value
$2,473,220

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$648,220
Avg. Annual Appreciation
26.11%

Purchase Details

Closed on
Mar 27, 2013
Sold by
Danberry Jeffrey J and Danberry Debra A
Bought by
Tonka Bay Development Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$972,000
Interest Rate
3.48%
Mortgage Type
Commercial
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 Buyer Sale Price Title Company
The Elizabeth E Flynn-Ferry Revocable T $1,825,000 --
Tonka Bay Development Llc -- Guaranty Title Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Tonka Bay Development Llc $100,000
Previous Owner Tonka Bay Development Llc $972,000
Previous Owner Danberry Jeffrey J $500,000
Previous Owner Danberry Jeffrey J $400,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2024 05/31/24 Sold $1,825,000 -6.4% $850 / Sq Ft
05/08/2024 05/08/24 Pending -- -- --
04/05/2024 04/05/24 For Sale $1,950,000 -- $908 / 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 $13,839 $1,326,700 $838,500 $488,200
2022 $11,290 $1,252,000 $726,000 $526,000
2021 $11,143 $1,059,000 $605,000 $454,000
2020 $11,047 $1,030,000 $587,000 $443,000
2019 $10,456 $965,000 $534,000 $431,000
2018 $9,535 $923,000 $495,000 $428,000
2017 $9,409 $809,000 $368,000 $441,000
2016 $10,003 $783,000 $388,000 $395,000
2015 $9,143 $770,000 $375,000 $395,000
2014 -- $752,000 $375,000 $377,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6511873

NorthstarMLS

APN: 20-117-23-42-0034