NOT LISTED FOR SALE

530 Waycliffe Dr N Wayzata, MN 55391

Estimated Value: $1,176,000 - $1,302,000

3 Beds
2.5 Baths
3,304 Sq Ft
$374/Sq Ft Est. Value

Last Sold August 30, 2024

Last sale price $1,221,500 $370 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $8,238/month

17 Days on Market

Highlights

  • Lake Front
  • 2 Fireplaces
  • 1-Story Property
  • Gleason Lake Elementary School Rated A
  • 2 Car Attached Garage
  • Forced Air Heating and Cooling System

About This Home

As of August 2024

Premier townhome in coveted Waycliffe community just outside downtown Wayzata and located on Gleason Lake. This unit is positioned at the end of a secluded cul de sac with sweeping lake views from the entire main floor open concept floor plan.

Last Agent to Sell the Property

Peter Prudden

Prudden & Company Listed on: 06/29/2024

Last Buyer's Agent

Patti Jo Hermann

Edina Realty, Inc.

Edina Realty, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,604

Year Built

  • Built in 1994

HOA Fees

  • $700 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Home Design

  • Property Attached

Interior Spaces

  • 1-Story Property
  • 2 Fireplaces

Kitchen

  • Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms

Finished Basement

  • Walk-Out Basement
  • Drain

Additional Features

  • Lake Front
  • Forced Air Heating and Cooling System

Community Details

  • Association fees include hazard insurance, lawn care, ground maintenance, snow removal
  • Firstservice Residential Association, Phone Number (952) 277-2700
  • Waycliffe Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0511722210010

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,604

Year Built

Built in 1994

Lot Details

0

HOA Fees

$700 per month

Parking

2

Listing Details

  • Type: Residential
  • Property Subtype 1: Two Unit
  • Cooling System: Central Air
  • Garage Spaces: 2
  • Accessibility Features: None
  • Fireplaces: 2
  • Water Source: City Water/Connected
  • Fee Frequency: Monthly
  • Year Built: 1994
  • Above Grade Finished Sq Ft: 1904
  • Water Body Name: Gleason Lake
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Drain Tiled, Finished, Walkout
  • Appliances: Dishwasher, Disposal, Range, Refrigerator
  • Living Area: 3304
  • Fireplace: Yes
  • Below Grade Finished Sq Ft: 1400
  • Basement YN: Yes

Beds/Baths

  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Three Quarter Bathrooms: 1

Exterior Features

  • Lake Acres: 190
  • LakeChain: N

Garage/Parking

  • Parking Features: Attached Garage, Garage Door Opener
  • Garage Square Feet: 0

Utilities

  • Heating: Forced Air, Fireplace(s)
  • Sewer: City Sewer/Connected
  • Fuel: Natural Gas

Condo/Co-op/Association

  • HOA Fee Includes: Hazard Insurance, Lawn Care, Other, Maintenance Grounds, Snow Removal
  • Phone: 952-277-2700
  • Association Fee: 700
  • Association: Yes

Association/Amenities

  • HOA Management Co: FirstService Residential

Schools

  • Junior High Dist: Wayzata
  • SchoolDistrictNumber: 284
  • SchoolDistrictPhone: 763-745-5000

Lot Info

  • Waterfront YN: Yes
  • PropertyAttachedYN: Yes
  • Lot Size: Common
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Residential-Multi-Family
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Brick/Stone

Tax Info

  • Tax Year: 2023
  • Assessor Parcel Number: 0511722210010
  • Tax Annual Amount: 9604
  • TaxWithAssessments: 9604.0000

Multi Family

  • WaterfrontFeatures: Lake Front

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 29, 2024
Closed on
Aug 27, 2024
Sold by
Gagne David and Whittington Julia
Bought by
Thompson Roby and Andrus Elizabeth
Seller's Agent
Peter Prudden
Prudden & Company
Buyer's Agent
Patti Jo Hermann
Edina Realty, Inc.
List Price
$1,195,000
Sold Price
$1,221,500
Premium/Discount to List
$26,500
2.22%
Views
11
Current Estimated Value
$1,235,097

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$13,597
Avg. Annual Appreciation
1.03%

Purchase Details

Listed on
Sep 18, 2023
Closed on
Nov 7, 2023
Sold by
Schnobrich Angeline
Bought by
Gagne David
Seller's Agent
Justin Holmers
Keller Williams Premier Realty Lake Minnetonka
Buyer's Agent
Beth Ulrich
Compass
List Price
$1,050,000
Sold Price
$1,050,000
Views
29

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.54%

Purchase Details

Closed on
Jan 24, 2002
Sold by
Angeline A Schnobrich Revocable Trust
Bought by
Gagne David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
7.31%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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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
Thompson Roby $1,221,500 --
Gagne David $1,050,000 --
Gagne David $1,050,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gagne David $750,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/30/2024 08/30/24 Sold $1,221,500 0.0% $370 / Sq Ft
07/19/2024 07/19/24 Pending -- -- --
07/02/2024 07/02/24 Off Market $1,221,500 -- --
07/01/2024 07/01/24 For Sale $1,195,000 +13.8% $362 / Sq Ft
11/09/2023 11/09/23 Sold $1,050,000 0.0% $318 / Sq Ft
09/29/2023 09/29/23 Pending -- -- --
09/18/2023 09/18/23 For Sale $1,050,000 -- $318 / 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
2024 $11,881 $1,013,600 $478,000 $535,600
2023 $10,604 $948,300 $430,000 $518,300
2022 $10,798 $845,000 $350,000 $495,000
2021 $10,551 $842,000 $420,000 $422,000
2020 $11,408 $827,000 $420,000 $407,000
2019 $11,304 $858,000 $420,000 $438,000
2018 $11,202 $848,000 $420,000 $428,000
2017 $11,931 $872,000 $465,000 $407,000
2016 $11,393 $812,000 $365,000 $447,000
2015 $11,482 $797,000 $350,000 $447,000
2014 -- $701,000 $290,000 $411,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6562172

NorthstarMLS

APN: 05-117-22-21-0010