$2,890,000
SOLD MAR 14, 2014

498 Bovey Rd Wayzata, MN 55391

5 Beds
6 Baths
7,442 Sq Ft
1.41 Acres

Recently Sold

$388 Per Sq Ft

6% Below List Price

Highlights

  • Heated Floors
  • 1.41 Acre Lot
  • Breakfast Area or Nook
  • Gleason Lake Elementary School Rated A
  • Vaulted Ceiling
  • Formal Dining Room

About This Home

As of August 2022

Spectacular Charles Cudd crafted two-story set upon 1.41 acres in the highly sought after Highcroft neighborhood. Exquisite details, top of the line kitchen, cozy living spaces, art niches & built-ins. LL features home theater & expansive sport court.

Last Agent to Sell the Property

George Stickney

Coldwell Banker Burnet Listed on: 03/14/2014

Last Buyer's Agent

Mark Grieger

Coldwell Banker Burnet

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $29,638

Year Built

  • Built in 2011

Lot Details

  • 1.41 Acre Lot
  • Sprinkler System
  • Landscaped with Trees

Parking

  • 5 Car Attached Garage

Home Design

  • Brick Exterior Construction
  • Poured Concrete

Interior Spaces

  • 2-Story Property
  • Central Vacuum
  • Woodwork
  • Vaulted Ceiling
  • Gas Fireplace
  • Formal Dining Room
  • Home Security System

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Microwave
  • Freezer
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Heated Floors

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet
  • Primary Bathroom is a Full Bathroom
  • Bathroom on Main Level

Laundry

  • Dryer
  • Washer

Finished Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump
  • Drain

Outdoor Features

  • Patio
  • Porch

Utilities

  • Forced Air Heating and Cooling System
  • Furnace Humidifier
  • Water Softener is Owned

Listing and Financial Details

  • Assessor Parcel Number 0111723430011

Home Details

Home Type

Single Family

Est. Annual Taxes

$29,638

Year Built

Built in 2011

Lot Details

0

Listing Details

  • Type: Single Family
  • Class: SINGLE FAMILY
  • Classification: NonHomestead
  • Amenities: Hardwood Floors, Natural Woodwork, Security System, Vaulted Ceilings, Walk-In Closet, Washer/Dryer Hookups
  • Amenities Exterior: Inground Sprinkler System, Patio, Porch
  • Estimated Number of Acres: 1.41
  • Construction: Previously Owned
  • Foundation Size: 2478
  • Mechanicals: Central Vacuum, Furnace Humidifier, Water Softener-Owned
  • Parcel Number: 0111723430011
  • Projected Closed Date: 03/21/2014
  • Stories: 2 Story
  • Street Designation: Road
  • Taxes With Assessments: 29638
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Dining Room: Breakfast Nook, Combine with Kitchen, Eat-In Kitchen, Formal Dining Room, Informal Dining Room
  • Fireplace: Yes
  • Fireplace Type: Gas
  • Appliances: Dishwasher, Disposal, Dryer, Freezer, Microwave, Refrigerator, Washer
  • Total Bedrooms: 5
  • Bathroom Description: Full Basement, Full Master, Main Floor 1/2 Bath, Private Master
  • Total Bathrooms: 6
  • Half Bathrooms: 2
  • Full Bathrooms: 4
  • Total Bathrooms: 6
  • Room 1: Living Room, 14x14, On Level: Main
  • Room 2: Dining Room, 16x12, On Level: Main
  • Room 3: Family Room, 19x16, On Level: Lower
  • Room 4: Kitchen, 22x15, On Level: Main
  • Room 5: Bedroom, 21x17, On Level: Upper
  • Room 6: Bedroom, 14x12, On Level: Upper
  • Room 7: 15x12, On Level: Upper
  • Room 8: Bedroom, 15x12, On Level: Upper
  • Room 9: Bedroom, On Level: Lower
  • Room 10: Other, 35x11, On Level: Upper
  • Room 11: Rec Room, 18x12, On Level: Lower
  • Room 12: Media Room, 19x16, On Level: Lower
  • Room 13: Other, 14x9, On Level: Lower
  • Room 14: Great Room, 19x18, On Level: Main
  • Basement Features: Drainage System, Finished, Sump Pump
  • Basement Material: Poured Concrete
  • Basement Style: Full
  • Finished Above Grade Sq Ft: 5166
  • Below Grade Finished Sq Ft: 2276
  • Total Fin Square Footage: 7442

Exterior Features

  • Frontage Road: Curb/Gutters, City, Paved
  • Exterior: Brick

Garage/Parking

  • Garage Type: Attached
  • Garage Capacity: 5

Utilities

  • Cooling: Central
  • Fuel: Natural Gas
  • Heat: Forced Air, In Floor
  • Sewer: City
  • Water: City

Schools

  • School District: Wayzata #284

Lot Info

  • Estimated Lot Dimensions: W304X190X2
  • Lot/Land Description: Tree Coverage - Medium

Building Info

  • Year Built: 2011

Tax Info

  • Year: 2014
  • Tax Value: 29638

MLS Schools

  • School District: Wayzata #284

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
0
Current Estimated Value
$4,936,660

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
-1.14%
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
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $5,100,000 --
Warranty Deed $5,100,000 Titlenexus
Warranty Deed $2,890,000 Titlesmart Inc
Trustee Deed $960,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $3,570,000 Balloon
Previous Owner $1,008,000 New Conventional
Previous Owner $1,000,000 Adjustable Rate Mortgage/ARM
Previous Owner $1,785,000 Adjustable Rate Mortgage/ARM
Previous Owner $210,000 Credit Line Revolving
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: REALTOR® Association of Southern Minnesota

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 $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

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Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 4588950

REALTOR® Association of Southern Minnesota

APN: 01-117-23-43-0011