374 Ferndale Rd W Wayzata, MN 55391
Estimated Value: $2,461,000 - $2,862,000
3
Beds
2.5
Baths
4,021
Sq Ft
$657/Sq Ft
Est. Value
Highlights
- 40,162 Sq Ft lot
- Fireplace in Primary Bedroom
- Main Floor Primary Bedroom
- Gleason Lake Elementary School Rated A
- Recreation Room
- No HOA
About This Home
As of October 2022Located on Ferndale in the highly sought-after High Croft neighborhood of Wayzata, this charming Cape Cod home has recently gone through a major renovation. Main floor has been completely remodeled with an open & gracious feel; ideal for everyday living and entertaining. Gourmet kitchen includes six-burner Thermador stove & Sub Zero refrigerator, large center island & soft-close custom cabinetry. Off the kitchen is a screened in porch & back patio that leads to a large fenced-in backyard. Owner’s suite is complete with steam shower, Jacuzzi-tub, heated bathroom floor, gas fireplace, & large walk-in closet. Main floor also includes a large flex room that could be used as an office, home studio, or converted into a 4th bedroom. Two additional bedrooms are located on the second floor along with updated bath. Basement is partially finished with TV area, exercise space, room temperature crawl space and large storage room. Conveniently located to enjoy all that downtown Wayzata has to offer.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $24,641
Year Built
- Built in 1977
Lot Details
- 0.92 Acre Lot
- Wood Fence
Parking
- 3 Car Attached Garage
Home Design
- Flex
- Pitched Roof
- Shake Siding
Interior Spaces
- 1.5-Story Property
- Wood Burning Fireplace
- Living Room with Fireplace
- 2 Fireplaces
- Recreation Room
- Screened Porch
- Finished Basement
- Partial Basement
Kitchen
- Range
- Microwave
- Dishwasher
- Disposal
- The kitchen features windows
Bedrooms and Bathrooms
- 3 Bedrooms
- Primary Bedroom on Main
- Fireplace in Primary Bedroom
Laundry
- Dryer
- Washer
Utilities
- Forced Air Heating and Cooling System
Community Details
- No Home Owners Association
- Reg Land Surv 1403 Subdivision
Listing and Financial Details
- Assessor Parcel Number 1211723120019
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 25, 2022
Closed on
Oct 18, 2022
Sold by
Alissa V Vance Revocable Trust
Bought by
Speetzen Michael Todd and Speetzen Julie Lynn
Seller's Agent
Beth Ulrich
Compass
Buyer's Agent
Jeffrey Dewing
Coldwell Banker Realty
List Price
$2,600,000
Sold Price
$2,200,000
Premium/Discount to List
-$400,000
-15.38%
Total Days on Market
128
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
$440,449
Avg. Annual Appreciation
7.33%
Original Mortgage
$1,870,000
Outstanding Balance
$1,823,003
Interest Rate
6.94%
Mortgage Type
Balloon
Estimated Equity
$817,446
Purchase Details
Closed on
May 4, 2021
Sold by
Vance Alissa Victoria
Bought by
Vance Alissa V and Alissa V Vance Revocable Trust
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
2.9%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
Nov 22, 2019
Sold by
Howell Meredith E
Bought by
Nudi Alissa and Nudi Jonathon J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,120,000
Interest Rate
3.12%
Mortgage Type
Adjustable Rate Mortgage/ARM
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Similar Homes in Wayzata, MN
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Speetzen Michael Todd | $2,200,000 | Burnet Title | |
| Vance Alissa V | -- | Burnet Title | |
| Nudi Alissa | $1,400,000 | Burnet Title | |
| Howell Meredith E | -- | Burnet Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Speetzen Michael Todd | $1,870,000 | |
| Previous Owner | Vance Alissa Victoria | $700,000 | |
| Previous Owner | Vance Alissa V | $1,098,000 | |
| Previous Owner | Nudi Alissa | $1,120,000 | |
| Previous Owner | Howell Richard L | $263,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/31/2022 10/31/22 | Sold | $2,200,000 | 0.0% | $547 / Sq Ft |
| 09/30/2022 09/30/22 | Pending | -- | -- | -- |
| 09/22/2022 09/22/22 | Off Market | $2,200,000 | -- | -- |
| 09/21/2022 09/21/22 | Pending | -- | -- | -- |
| 09/14/2022 09/14/22 | Price Changed | $2,350,000 | -6.0% | $584 / Sq Ft |
| 07/01/2022 07/01/22 | Price Changed | $2,500,000 | -3.8% | $622 / Sq Ft |
| 05/25/2022 05/25/22 | For Sale | $2,600,000 | -- | $647 / 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 | $26,458 | $2,241,800 | $1,365,100 | $876,700 |
| 2022 | $24,641 | $2,021,000 | $900,000 | $1,121,000 |
| 2021 | $17,365 | $1,811,000 | $900,000 | $911,000 |
| 2020 | $17,198 | $1,307,000 | $750,000 | $557,000 |
| 2019 | $14,882 | $1,251,000 | $725,000 | $526,000 |
| 2018 | $14,935 | $1,090,000 | $605,000 | $485,000 |
| 2017 | $13,982 | $1,007,000 | $605,000 | $402,000 |
| 2016 | $14,122 | $986,000 | $595,000 | $391,000 |
| 2015 | $13,659 | $932,000 | $560,000 | $372,000 |
| 2014 | -- | $825,000 | $475,000 | $350,000 |
Source: Public Records
Agents Affiliated with this Home
-
Beth Ulrich
Seller's Agent in 2022
Beth Ulrich
Compass
(612) 964-7184
90 in this area
308 Total Sales
-
Jeffrey Dewing
Buyer's Agent in 2022
Jeffrey Dewing
Coldwell Banker Realty
(612) 597-0424
17 in this area
207 Total Sales
Map
Source: NorthstarMLS
MLS Number: 6185752
APN: 12-117-23-12-0019
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