$1,350,000
SOLD NOV 20, 2023

540 Indian Mound St Unit 1B Wayzata, MN 55391

2 Beds
2 Baths
1,300 Sq Ft
$958/mo HOA Fee

Recently Sold

$1,038 Per Sq Ft

9 Days on Market

Highlights

  • Lake View
  • 106,853 Sq Ft lot
  • Patio
  • Gleason Lake Elementary School Rated A
  • Elevator
  • 1-Story Property

About This Home

As of November 2023

Come see this stunning south facing two bedroom condo in the highly sought after Wayzata Place with picturesque views of Wayzata Bay. Enjoy the open concept kitchen, informal dining and living room with a cozy gas fireplace. There are high end finishes throughout with custom cabinets, counter tops, built-ins, lighted bar/wine rack with a beverage cooler. The spacious primary bedroom suite offers a large walk-in closet, custom lighting, heated marble floors and oversized shower. Plenty of storage with storage closet across the hall. Relax in the cozy ground floor screened in patio that overlooks Lake Minnetonka and beautiful sunsets. Building amenities include underground heated garage, bike racks & recently renovated fitness room. Guest suite that has been fully remodeled available in the building. Walk to Wayzata's finest restaurants, shops & boutiques within steps of your front door. Come see this unique condo in the heart of downtown Wayzata!

Last Agent to Sell the Property

Mark Abdel

RE/MAX Advantage Plus Listed on: 10/05/2023

RE/MAX Advantage Plus

Last Buyer's Agent

Beth Ulrich

Compass

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $9,162

Year Built

  • Built in 1979

HOA Fees

  • $958 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Heated Garage
  • Garage Door Opener
  • Assigned Parking

Interior Spaces

  • 1,300 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace
  • Lake Views

Kitchen

  • Cooktop
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Patio

Utilities

  • Central Air
  • Baseboard Heating
  • Hot Water Heating System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 0611722310068

Community Details

Overview

  • Association fees include air conditioning, controlled access, gas, heating, lawn care, professional mgmt, trash, security, shared amenities, snow removal, water
  • Rowcal Association, Phone Number (651) 233-1307
  • High-Rise Condominium
  • Condo 0110 Wayzata Place Condo Subdivision

Amenities

  • Elevator

Property Details

Home Type

Condominium

Est. Annual Taxes

$9,162

Year Built

Built in 1979

Lot Details

0

HOA Fees

$958 per month

Parking

1

Listing Details

  • Type: Residential
  • Property Subtype 1: High Rise
  • Cooling System: Central Air
  • Garage Spaces: 1
  • Accessibility Features: Accessible Elevator Installed
  • Fireplaces: 1
  • Water Source: City Water/Connected
  • Association Amenities: Elevator(s), In-Ground Sprinkler System, Patio, Security
  • Fee Frequency: Monthly
  • Year Built: 1979
  • Above Grade Finished Sq Ft: 1300
  • Water Body Name: Minnetonka
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • InternetOptions: Cable
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Basement: None
  • Appliances: Cooktop, Dishwasher, Disposal, Dryer, Exhaust Fan, Gas Water Heater, Microwave, Range, Refrigerator, Washer, Water Softener Owned
  • Fireplace Features: Gas, Living Room
  • Living Area: 1300
  • Fireplace: Yes
  • Basement YN: No
  • Dining Room Type: Living Room, Dining Room, Kitchen, Bedroom 1, Bedroom 2, Laundry, Patio
  • Shared Rooms: Exercise Room,Guest Suite

Beds/Baths

  • Total Bedrooms: 2
  • Three Quarter Bathrooms: 2

Exterior Features

  • PatioPorchType: Covered,Rear Porch,Screened,Terrace
  • Lake Acres: 14729
  • LakeChain: N

Garage/Parking

  • Parking Features: Assigned, Garage Door Opener, Heated Garage, Underground

Utilities

  • Heating: Baseboard, Hot Water
  • Sewer: City Sewer/Connected
  • Electric: Circuit Breakers
  • Fuel: Natural Gas

Condo/Co-op/Association

  • HOA Fee Includes: Air Conditioning, Controlled Access, Gas, Heating, Lawn Care, Professional Mgmt, Trash, Security, Shared Amenities, Snow Removal, Water
  • Phone: 651-233-1307
  • Association Fee: 958
  • Association: Yes
  • Amenities Unit: Hardwood Floors,Kitchen Center Island,Primary Bedroom Walk-In Closet,Main Floor Primary Bedroom,Natural Woodwork,Patio,Panoramic View,Washer/Dryer Hookup,Walk-In Closet

Association/Amenities

  • HOA Management Co: RowCal

Schools

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

Lot Info

  • Waterfront YN: No
  • PropertyAttachedYN: Yes
  • Lot Size: Irregular
  • Lot Size Sq Ft: 106852.68
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Brick/Stone

Tax Info

  • Tax Year: 2023
  • Assessor Parcel Number: 0611722310068
  • Tax Annual Amount: 9162
  • TaxWithAssessments: 9162.0000

Multi Family

  • WaterfrontFeatures: Lake View

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 5, 2023
Closed on
Nov 14, 2023
Sold by
Wilson Scott W and Wilson Shelly
Bought by
Northern Lights Interests Llc
Seller's Agent
Mark Abdel
RE/MAX Advantage Plus
Buyer's Agent
Beth Ulrich
Compass
List Price
$1,350,000
Sold Price
$1,350,000
Views
10
Current Estimated Value
$1,437,227

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$87,227
Avg. Annual Appreciation
0.56%

Purchase Details

Closed on
Jun 29, 2022
Sold by
Anderson and Barbara
Bought by
Wilson Scott W and Wilson Shelly

Purchase Details

Closed on
Feb 28, 2018
Sold by
Safar Pamela J and Pamela J Safar Revocable Trust
Bought by
Anderson Mark and Anderson Barbara

Purchase Details

Closed on
Jun 24, 2015
Sold by
Gainsley Phillip and Estate Of Elsie R Harter
Bought by
Safar Pamela J and Pamela J Safar Revocable Trust
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
Warranty Deed $1,350,000 Executive Title Services
Warranty Deed $1,250,000 Burnet Title
Trustee Deed $610,000 Burnet Title
Deed $475,000 Burnet Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $250,000 New Conventional
Previous Owner $200,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/20/2023 11/20/23 Sold $1,350,000 0.0% $1,038 / Sq Ft
10/14/2023 10/14/23 Pending -- -- --
10/05/2023 10/05/23 For Sale $1,350,000 -- $1,038 / 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
2023 $14,124 $1,235,500 $842,000 $393,500
2022 $9,541 $810,000 $431,000 $379,000
2021 $9,231 $754,000 $431,000 $323,000
2020 $9,567 $734,000 $431,000 $303,000
2019 $8,170 $733,000 $431,000 $302,000
2018 $7,847 $636,000 $422,000 $214,000
2017 $6,906 $541,000 $352,000 $189,000
2016 $7,143 $541,000 $308,000 $233,000
2015 $8,014 $582,000 $308,000 $274,000
2014 -- $568,000 $308,000 $260,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6442574

NorthstarMLS

APN: 06-117-22-31-0068