498 Bovey Rd Wayzata, MN 55391
Estimated Value: $3,028,000 - $5,792,000
6
Beds
6
Baths
8,404
Sq Ft
$587/Sq Ft
Est. Value
Highlights
- Home Theater
- 61,420 Sq Ft lot
- No HOA
- Gleason Lake Elementary School Rated A
- Family Room with Fireplace
- Game Room
About This Home
As of August 2022Incredible location with easy walkability into downtown Wayzata. Spectacular custom-built East Coast Hamptons style home in the sought-after Highcroft neighborhood amongst the Gold Coast of Lake Minnetonka. Enjoy a 1.41 ac private setting on the corner of Ferndale Road (just 1 block to the shores of Lake Minnetonka) with lush gardens, mature canopy, multiple patios and a quintessential front porch. This home was thoughtfully designed with classic East Coast shingle aesthetic and a side loading 3 car garage + a 2 car detached garage that mirrors the house. The floorplan lends itself to easy entertaining as well as casual everyday life and boasts layered millwork, hardwoods throughout the main, expansive walls of windows and a gourmet kitchen with marble tops. Additional highlights include a main level office, 5 BRs upstairs and a lower level with a theater room, family room with walkout access to lawn, 6th BR suite, huge athletic court and backyard that could easily accommodate a pool.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $37,584
Year Built
- Built in 2011
Lot Details
- 1.41 Acre Lot
- Property has an invisible fence for dogs
Parking
- 5 Car Attached Garage
- Heated Garage
- Insulated Garage
Home Design
- Shake Siding
Interior Spaces
- 2-Story Property
- Family Room with Fireplace
- 3 Fireplaces
- Great Room
- Living Room with Fireplace
- Home Theater
- Game Room
- Home Gym
Kitchen
- Range
- Microwave
- Freezer
- Dishwasher
- Disposal
- The kitchen features windows
Bedrooms and Bathrooms
- 6 Bedrooms
Laundry
- Dryer
- Washer
Finished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
Utilities
- Forced Air Heating and Cooling System
- Humidifier
Community Details
- No Home Owners Association
- Highcroft Subdivision
Listing and Financial Details
- Assessor Parcel Number 0111723430011
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 20, 2022
Closed on
Aug 3, 2022
Sold by
Dlugosch Peter and Flynn Kelly
Bought by
Egg Custard Llc
Seller's Agent
John Adams
Compass
Buyer's Agent
Ben Ganje
Lakes Sotheby's International Realty
Sold Price
$5,100,000
Total Days on Market
18
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
-$163,340
Avg. Annual Appreciation
-1.15%
Original Mortgage
$3,570,000
Outstanding Balance
$3,440,289
Interest Rate
5.7%
Mortgage Type
Balloon
Estimated Equity
$1,496,371
Purchase Details
Listed on
May 20, 2022
Closed on
Aug 1, 2022
Sold by
Dlugosch Peter A and Dlugosch Kelly A
Bought by
Egg Custard Llc
Seller's Agent
John Adams
Compass
Buyer's Agent
Ben Ganje
Lakes Sotheby's International Realty
Sold Price
$5,100,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,570,000
Outstanding Balance
$3,440,289
Interest Rate
5.7%
Mortgage Type
Balloon
Estimated Equity
$1,496,371
Purchase Details
Listed on
Mar 14, 2014
Closed on
Mar 14, 2014
Sold by
Armand Anthony E and Armand Shannan M
Bought by
Dlugosch Peter A and Flynn Kelly A
Seller's Agent
George Stickney
Coldwell Banker Burnet
Buyer's Agent
Mark Grieger
Coldwell Banker Burnet
List Price
$3,075,000
Sold Price
$2,890,000
Premium/Discount to List
-$185,000
-6.02%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.00%
Original Mortgage
$1,000,000
Interest Rate
3.25%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
Aug 24, 2010
Sold by
Bice Anne B
Bought by
Armand Anthony E and Armand Shannan M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
4.3%
Mortgage Type
Credit Line Revolving
Similar Homes in Wayzata, MN
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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 |
|---|---|---|---|
| Egg Custard Llc | $5,100,000 | -- | |
| Egg Custard Llc | $5,100,000 | Titlenexus | |
| Dlugosch Peter A | $2,890,000 | Titlesmart Inc | |
| Armand Anthony E | $960,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Egg Custard Llc | $3,570,000 | |
| Previous Owner | Dlugosch Peter A | $1,008,000 | |
| Previous Owner | Dlugosch Peter A | $1,000,000 | |
| Previous Owner | Armand Anthony E | $1,785,000 | |
| Previous Owner | Armand Anthony E | $210,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/03/2022 08/03/22 | Sold | $5,100,000 | +76.5% | $607 / Sq Ft |
| 06/07/2022 06/07/22 | Pending | -- | -- | -- |
| 03/17/2014 03/17/14 | Pending | -- | -- | -- |
| 03/14/2014 03/14/14 | Sold | $2,890,000 | -6.0% | $388 / Sq Ft |
| 03/14/2014 03/14/14 | For Sale | $3,075,000 | -- | $413 / 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 | $46,350 | $3,864,800 | $1,305,700 | $2,559,100 |
| 2022 | $37,584 | $3,125,000 | $990,000 | $2,135,000 |
| 2021 | $34,596 | $2,717,000 | $972,000 | $1,745,000 |
| 2020 | $36,541 | $2,521,000 | $810,000 | $1,711,000 |
| 2019 | $34,232 | $2,564,000 | $783,000 | $1,781,000 |
| 2018 | $34,003 | $2,399,000 | $653,000 | $1,746,000 |
| 2017 | $34,056 | $2,329,000 | $653,000 | $1,676,000 |
| 2016 | $33,211 | $2,203,000 | $643,000 | $1,560,000 |
| 2015 | $31,207 | $2,020,000 | $605,000 | $1,415,000 |
| 2014 | -- | $1,885,000 | $513,000 | $1,372,000 |
Source: Public Records
Agents Affiliated with this Home
-
John Adams
Seller's Agent in 2022
John Adams
Compass
(612) 269-9438
5 in this area
121 Total Sales
-
Ben Ganje
Buyer's Agent in 2022
Ben Ganje
Lakes Sotheby's International Realty
(651) 442-6161
2 in this area
327 Total Sales
-
G
Seller's Agent in 2014
George Stickney
Coldwell Banker Burnet
-
M
Buyer's Agent in 2014
Mark Grieger
Coldwell Banker Burnet
Map
Source: NorthstarMLS
MLS Number: 6184747
APN: 01-117-23-43-0011
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