NOT LISTED FOR SALE

539 Harrington Rd Wayzata, MN 55391

Estimated Value: $7,814,000 - $8,895,815

5 Beds
5.5 Baths
14,944 Sq Ft
$563/Sq Ft Est. Value

Last Sold December 17, 2012

Last sale price $4,850,000 $325 Per Sq Ft

Est. 74% increase in value since last sale

Current estimated payment $52,201/month

45 Days on Market

Highlights

  • 205 Feet of Waterfront
  • Docks
  • Heated Floors
  • Gleason Lake Elementary School Rated A
  • Spa
  • 1.6 Acre Lot

About This Home

As of December 2012

Grand Italian Villa enjoys a private estate setting of over 200 ft of lakeshore.More than a gem of a house on the lake; it is the crown jewel in an expansive neighborhood of elegant homes in historic Wayzata.

Last Agent to Sell the Property

Robert Hare

Coldwell Banker Burnet Listed on: 08/15/2012

Last Buyer's Agent

Hazelann Lucht

Edina Realty, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $90,272

Year Built

  • 1998

Lot Details

  • 1.6 Acre Lot
  • 205 Feet of Waterfront
  • Lake Front
  • Street terminates at a dead end
  • Irregular Lot
  • Sprinkler System
  • Landscaped with Trees

Parking

  • 4 Car Attached Garage

Home Design

  • Metal Roof
  • Stucco Exterior

Interior Spaces

  • 2-Story Property
  • Woodwork
  • Vaulted Ceiling
  • Ceiling Fan
  • Skylights
  • Wood Burning Fireplace
  • Formal Dining Room
  • Home Security System

Kitchen

  • Eat-In Kitchen
  • Built-In Oven
  • Cooktop
  • Microwave
  • Freezer
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Heated Floors
  • Tile

Bedrooms and Bathrooms

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

Laundry

  • Dryer
  • Washer

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Sump Pump
  • Drain

Outdoor Features

  • Spa
  • Docks
  • Balcony
  • Deck
  • Patio

Location

  • Property is near public transit

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 1211723210003

Home Details

Home Type

Single Family

Est. Annual Taxes

$90,272

Year Built

1998

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Classification: Homestead
  • Amenities: Ceiling Fans, Hardwood Floors, Hot Tub, Natural Woodwork, Security System, Skylight, Tiled Floors, Vaulted Ceilings, Walk-In Closet, Washer/Dryer Hookups
  • Amenities Exterior: Balcony, Deck, Dock, Hot Tub, Inground Sprinkler System, Patio
  • Estimated Number of Acres: 1.6
  • Assessments: Unknown
  • Construction: Previously Owned
  • Foundation Size: 6043
  • Mechanicals: Furnace Humidifier, Water Softener-Owned
  • Parcel Number: 1211723210003
  • Projected Closed Date: 12/15/2012
  • Stories: 2 Story
  • Taxes With Assessments: 88771
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1998

Interior Features

  • Dining Room: Eat-In Kitchen, Formal Dining Room, Informal Dining Room
  • Fireplace: Yes
  • Fireplace Type: Wood Burning
  • Appliances: Cooktop, Dishwasher, Disposal, Dryer, Freezer, Microwave, Range/Stove, Refrigerator, Wall Oven, Washer
  • Total Bedrooms: 5
  • Bathroom Description: Full Basement, Full Master, Main Floor 1/2 Bath, Main Floor Full Bath, Private Master, Separate Tub & Shower, Upper Level Bath
  • Total Bathrooms: 6
  • Half Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Full Bathrooms: 4
  • Total Bathrooms: 6
  • Room 1: Living Room, 36x28, On Level: Main
  • Room 2: Dining Room, 24x17, On Level: Main
  • Room 3: Family Room, 24x19, On Level: Main
  • Room 4: Kitchen, 22x16, On Level: Main
  • Room 5: Bedroom, 24x19, On Level: Upper
  • Room 6: Bedroom, 19x12, On Level: Upper
  • Room 7: 19x13, On Level: Upper
  • Room 8: Bedroom, 21x16, On Level: Upper
  • Room 9: Bedroom, 24x19, On Level: Main
  • Room 10: Other, 25x18, On Level: Main
  • Room 11: Rec Room, 20x10, On Level: Upper
  • Room 12: Other, 17x23, On Level: Lower
  • Room 13: Rec Room, 34x46, On Level: Lower
  • Room 14: Den/Office, 21x21, On Level: Lower
  • Basement Features: Drainage System, Finished, Sump Pump, Walkout
  • Basement Style: Full, Walk-out
  • Finished Above Grade Sq Ft: 9724
  • Below Grade Finished Sq Ft: 5220
  • Total Fin Square Footage: 14944

Exterior Features

  • Frontage Road: City, Dead End/No Outlet, Paved
  • LakeAcres: 14652
  • Exterior: Stucco
  • Roof: Metal
  • Waterfront: Yes
  • Water Frontage: 205
  • Waterfront Description: Lake

Garage/Parking

  • Garage Type: Attached
  • Garage Capacity: 4

Utilities

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

Schools

  • School District: Wayzata #284

Lot Info

  • Estimated Lot Dimensions: irregular
  • Lot/Land Description: Irregular Lot, Pub. Trans (w/in 6 blks), Tree Coverage - Medium

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 27, 2018
Sold by
Parkhill Jeffrey S and Parkhill Karen L
Bought by
Lynch Parkhill Jeffrey S and Lynch Parkhill Karen
Total Days on Market
45
Current Estimated Value
$8,418,605

Purchase Details

Closed on
Oct 11, 2016
Sold by
Risdall William T
Bought by
Parkhill Karen L and Parkhill Jeffrey S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,637,500
Interest Rate
3.46%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 6, 2016
Sold by
Risdall Beccah L
Bought by
Risdall William T and William T Risdall Qualified Personal Res

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,637,500
Interest Rate
3.46%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 15, 2012
Closed on
Dec 17, 2012
Sold by
Redmond Michael Michael
Seller's Agent
Robert Hare
Coldwell Banker Burnet
Buyer's Agent
Hazelann Lucht
Edina Realty, Inc.
List Price
$4,850,000
Sold Price
$4,850,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.53%
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 Buyer Sale Price Title Company
Lynch Parkhill Jeffrey S -- None Available
Parkhill Karen L $4,850,000 Title Recording Services Inc
Risdall William T -- Attorney
-- $4,850,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Karen Lynch Parkhill Revocable $2,615,000
Closed Parkhill Karen Lynch $1,085,485
Previous Owner Parkhill Karen L $3,637,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/17/2012 12/17/12 Sold $4,850,000 0.0% $325 / Sq Ft
09/29/2012 09/29/12 Pending -- -- --
08/15/2012 08/15/12 For Sale $4,850,000 -- $325 / 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 $90,272 $7,448,400 $6,246,000 $1,202,400
2022 $77,069 $6,750,000 $5,670,000 $1,080,000
2021 $76,156 $5,481,000 $4,122,000 $1,359,000
2020 $72,751 $5,449,000 $4,122,000 $1,327,000
2019 $71,232 $5,022,000 $3,744,000 $1,278,000
2018 $71,642 $4,902,000 $3,744,000 $1,158,000
2017 $79,351 $5,159,000 $3,420,000 $1,739,000
2016 $77,294 $4,916,000 $3,312,000 $1,604,000
2015 $78,192 $4,860,000 $3,115,000 $1,745,000
2014 -- $4,860,000 $3,115,000 $1,745,000
Source: Public Records

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Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 4388499

REALTOR® Association of Southern Minnesota

APN: 12-117-23-21-0003