NOT LISTED FOR SALE

532 Ferndale Rd W Wayzata, MN 55391

Estimated Value: $7,835,000 - $8,438,254

7 Beds
7 Baths
7,451 Sq Ft
$1,095/Sq Ft Est. Value

Last Sold March 10, 2015

Last sale price $4,000,000 $537 Per Sq Ft

Est. 104% increase in value since last sale

Current estimated payment $53,408/month

134 Days on Market

Highlights

  • 230 Feet of Waterfront
  • Docks
  • Deck
  • Gleason Lake Elementary School Rated A
  • Sauna
  • Wood Flooring

About This Home

As of March 2015

NEW Modern Nantucket interior design! This landmark home is steps from LK Minnetonka w/230 ft of sandy, clear shoreline & eye level, panoramic lake views. Bountiful, perennial gardens surround. New Survey performed 11.14. Walk to exciting DT Wayzata.

Last Listed By

Cynthia Redmond

Coldwell Banker Burnet Listed on: 10/01/2014

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $78,369

Year Built

  • Built in 1920

Lot Details

  • 0.69 Acre Lot
  • Lot Dimensions are 200x140x23
  • 230 Feet of Waterfront
  • Lake Front
  • Property fronts a private road
  • Property has an invisible fence for dogs
  • Sprinkler System
  • Few Trees

Home Design

  • Poured Concrete
  • Asphalt Shingled Roof
  • Wood Siding

Interior Spaces

  • 7,451 Sq Ft Home
  • Woodwork
  • Ceiling Fan
  • Wood Burning Fireplace
  • Formal Dining Room
  • Sauna
  • Home Security System

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Built-In Oven
  • Indoor Grill
  • Cooktop
  • Microwave
  • Freezer
  • Dishwasher
  • Trash Compactor
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • Walk-In Closet
  • Primary Bathroom is a Full Bathroom
  • Bathroom on Main Level
  • Bathtub With Separate Shower Stall

Laundry

  • Dryer
  • Washer

Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump

Parking

  • 3 Car Detached Garage
  • Garage Door Opener

Outdoor Features

  • Docks
  • Balcony
  • Deck
  • Patio
  • Porch

Utilities

  • Central Air
  • Water Softener is Owned

Listing and Financial Details

  • Assessor Parcel Number 0111723330027

Home Details

Home Type

Single Family

Est. Annual Taxes

$78,369

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Type: Single Family
  • Class: SINGLE FAMILY
  • Classification: NonHomestead
  • Amenities: Ceiling Fans, Garage Door Opener, Hardwood Floors, Natural Woodwork, Sauna, Security System, Tiled Floors, Walk-In Closet
  • Amenities Exterior: Balcony, Deck, Dock, Inground Sprinkler System, Invisible Fencing, Patio, Porch, Sauna
  • Estimated Number of Acres: 0.69
  • Assessments: Unknown
  • Construction: Previously Owned
  • Foundation Size: 3364
  • Mechanicals: Water Softener-Owned
  • Parcel Number: 0111723330027
  • Projected Closed Date: 03/10/2015
  • Stories: 2.25 - 2.75 Story
  • Taxes With Assessments: 78369.02
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Dining Room: Breakfast Nook, Eat-In Kitchen, Formal Dining Room
  • Fireplace: Yes
  • Fireplace Type: Wood Burning
  • Appliances: Cooktop, Dishwasher, Disposal, Dryer, Freezer, Indoor Grill, Microwave, Refrigerator, Trash Compactor, Wall Oven, Washer
  • Total Bedrooms: 7
  • Bathroom Description: Full Master, Main Floor 1/2 Bath, Main Floor 3/4 Bath, Private Master, Separate Tub & Shower, Upper Level Bath
  • Total Bathrooms: 7
  • Half Bathrooms: 2
  • Three Quarter Bathrooms: 3
  • Full Bathrooms: 2
  • Total Bathrooms: 7
  • Room 1: Living Room, 30x17, On Level: Main
  • Room 2: Dining Room, 30x17, On Level: Main
  • Room 3: Family Room, 17x13, On Level: Main
  • Room 4: Kitchen, 19x21, On Level: Main
  • Room 5: Bedroom, 11x16, On Level: Main
  • Room 6: Bedroom, 17x13, On Level: Upper
  • Room 7: 17x13, On Level: Upper
  • Room 8: Bedroom, 13x10, On Level: Upper
  • Room 9: Sunroom/Solarium, 33x12, On Level: Main
  • Room 10: Other, 16x15, On Level: Main
  • Room 11: Pantry, 13x7, On Level: Main
  • Room 12: Other, 49x14, On Level: Upper
  • Room 13: Rec Room, 41x13.7, On Level: Upper
  • Room 14: Rec Room, 15x11, On Level: Upper
  • Basement Features: Sump Pump
  • Basement Material: Poured Concrete
  • Basement Style: Full
  • Finished Above Grade Sq Ft: 7451
  • Total Fin Square Footage: 7451

Exterior Features

  • Frontage Road: Paved, Private
  • LakeAcres: 14652
  • Exterior: Wood
  • Roof: Asphalt Shingles
  • Waterfront: Yes
  • Water Frontage: 230
  • Waterfront Description: Lake

Garage/Parking

  • Garage Type: Detached
  • Garage Capacity: 3

Utilities

  • Cooling: Central
  • Fuel: Natural Gas
  • Sewer: City
  • Water: City

Schools

  • School District: Wayzata #284

Lot Info

  • Estimated Lot Dimensions: 200x140x23
  • Lot/Land Description: Tree Coverage - Light

Building Info

  • Year Built: 1920

Tax Info

  • Year: 2014
  • Tax Value: 78369

MLS Schools

  • School District: Wayzata #284

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 1, 2014
Closed on
Mar 10, 2015
Sold by
Sendero Properties Llc
Bought by
Soran Philip E and Selby Soran Margaret
Seller's Agent
Cynthia Redmond
Coldwell Banker Burnet
Buyer's Agent
Patty Morris
Coldwell Banker Burnet
List Price
$4,750,000
Sold Price
$4,000,000
Premium/Discount to List
-$750,000
-15.79%
Total Days on Market
134
Current Estimated Value
$8,157,751

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,157,751
Avg. Annual Appreciation
7.22%
Original Mortgage
$2,600,000
Outstanding Balance
$1,922,362
Interest Rate
2.37%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$6,235,389

Purchase Details

Closed on
Aug 22, 2013
Sold by
Ferndale Llc
Bought by
Sendero Properties Llc

Range of Values:

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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
Soran Philip E $4,000,000 Burnet Title
Soran Philip E -- Burnet Title
Sendero Properties Llc -- None Available
Sendero Properties Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Soran Philip E $2,600,000
Closed Soran Philip E $2,600,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/10/2015 03/10/15 Sold $4,000,000 -15.8% $537 / Sq Ft
02/12/2015 02/12/15 Pending -- -- --
10/01/2014 10/01/14 For Sale $4,750,000 -- $637 / 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 $92,952 $7,667,000 $5,735,600 $1,931,400
2022 $77,340 $6,493,000 $4,804,000 $1,689,000
2021 $76,170 $5,500,000 $4,062,000 $1,438,000
2020 $73,812 $5,450,000 $4,062,000 $1,388,000
2019 $73,597 $5,094,000 $3,697,000 $1,397,000
2018 $74,953 $5,062,000 $3,697,000 $1,365,000
2017 $65,048 $4,370,000 $3,370,000 $1,000,000
2016 $70,015 $4,463,000 $3,320,000 $1,143,000
2015 $77,913 $4,843,000 $3,191,000 $1,652,000
2014 -- $4,843,000 $3,191,000 $1,652,000
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2015

    Cynthia Redmond

    Coldwell Banker Burnet

  • P

    Buyer's Agent in 2015

    Patty Morris

    Coldwell Banker Burnet

See All Agents

Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 4680133

REALTOR® Association of Southern Minnesota

APN: 01-117-23-33-0027

Minnesota Hennepin County Wayzata 55391

532 Ferndale Rd W, Wayzata, MN

Homes for Sale in Wayzata, MN

This home is located at 532 Ferndale Rd W, Wayzata, MN 55391 since 01 October 2014 and is currently estimated at $8,157,751, approximately $1,094 per square foot. This property was built in 1920. 532 Ferndale Rd W is a home located in Hennepin County with nearby schools including Gleason Lake Elementary School, Wayzata West Middle School, and Wayzata High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

REALTOR® Association of Southern Minnesota IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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