NOT LISTED FOR SALE

545 Indian Mound St E Unit 2 Wayzata, MN 55391

Estimated Value: $2,240,000 - $2,803,000

3 Beds
4.5 Baths
3,456 Sq Ft
$743/Sq Ft Est. Value

Last Sold July 25, 2022

Last sale price $2,292,708 $663 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $17,089/month

16 Days on Market

Highlights

  • New Construction
  • Living Room with Fireplace
  • The kitchen features windows
  • Gleason Lake Elementary School Rated A
  • Main Floor Primary Bedroom
  • 2 Car Attached Garage

About This Home

As of July 2022

This spacious new home holds many unique and wonderful features throughout its three bedrooms, five bathrooms and two plus car garage. Further showcasing this home is the south facing front entrance, main floor master suite with a large walk in closet and stacked laundry, open layout spaces for entertaining, a beautiful sunroom off the gourmet kitchen and an optional elevator. The second floor has two more bedrooms, each with its own bathroom and walk-in closets, an additional laundry room, a covered deck with a vaulted ceiling, ample storage and a perfect space for a home office. Even the lower level provides a large finished space, including a mudroom and flex space that can be a workout room, connected to a large bathroom. All new, and a few blocks to downtown Wayzata.

Last Agent to Sell the Property

Beth Ulrich

Compass Listed on: 05/25/2021

Compass

Last Buyer's Agent

Linda Mulligan

RE/MAX Results

RE/MAX Results

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $26,287

Year Built

  • Built in 2021 | New Construction

Lot Details

  • 2,178

HOA Fees

  • $585 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Heated Garage
  • Insulated Garage
  • Garage Door Opener

Home Design

  • Bi-Level Home

Interior Spaces

  • Family Room
  • Living Room with Fireplace
  • Finished Basement
  • Partial Basement
  • The kitchen features windows
  • Washer and Dryer Hookup

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main

Additional Features

  • Few Trees
  • Forced Air Heating and Cooling System

Community Details

  • Association fees include maintenance structure, hazard insurance, lawn care, ground maintenance, snow removal
  • Omega Management Association, Phone Number (763) 449-9100
  • Built by BOHLAND HOMES
  • North Lake Addition Subdivision

Listing and Financial Details

  • Assessor Parcel Number 061172224q0149

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$26,287

Year Built

Built in 2021 | New Construction

Lot Details

0

HOA Fees

$585 per month

Parking

2

Listing Details

  • Type: Residential
  • Property Subtype 1: Townhouse Side x Side
  • Cooling System: Central Air
  • Garage Spaces: 2
  • Accessibility Features: Accessible Elevator Installed
  • Water Source: City Water/Connected
  • Fee Frequency: Monthly
  • Year Built: 2021
  • Above Grade Finished Sq Ft: 2824
  • Unit Levels: Split Entry (Bi-Level)
  • New Construction: Yes
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: NewHome
  • Property Sub Type: Townhouses

Interior Features

  • Basement: Finished, Partial
  • Fireplace Features: Two Sided, Gas, Living Room
  • Living Area: 3456
  • Fireplace: No
  • Below Grade Finished Sq Ft: 632
  • Basement YN: Yes
  • Dining Room Type: Living Room, Dining Room, Family Room, Kitchen, Bedroom 1, Bedroom 2, Bedroom 3
  • SqFtTotal: 4572.00

Beds/Baths

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

Exterior Features

  • Roof: Age 8 Years or Less
  • PoolFeatures: None
  • CompletionDate: 2021-09-30
  • ConstructionMaterialsDesc: Block,Concrete

Garage/Parking

  • Parking Features: Attached Garage, Garage Door Opener, Heated Garage, Insulated Garage
  • Garage Square Feet: 918

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • Fuel: Natural Gas

Condo/Co-op/Association

  • HOA Fee Includes: Maintenance Structure, Hazard Insurance, Lawn Care, Maintenance Grounds, Snow Removal
  • Phone: 763-449-9100
  • Association Fee: 585
  • Association: Yes
  • Amenities Unit: Deck,Hardwood Floors,Kitchen Center Island,Kitchen Window,Primary Bedroom Walk-In Closet,Main Floor Primary Bedroom,Sun Room,Tile Floors,Washer/Dryer Hookup,Walk-In Closet

Association/Amenities

  • HOA Management Co: Omega Management

Schools

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

Lot Info

  • PropertyAttachedYN: Yes
  • Lot Size: irregular
  • Land Lease: No
  • Lot Features: Irregular Lot, Tree Coverage - Light
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Builder License: 547551
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Brick/Stone

Tax Info

  • Tax Year: 2021
  • Assessor Parcel Number: 061172224q0149
  • TaxWithAssessments: 0.0000

Multi Family

  • Total Units Sold: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 25, 2021
Closed on
Jul 25, 2022
Sold by
North Lake Development Llc A Minnesota
Bought by
Chu Tony and Maattala Shelley
Seller's Agent
Beth Ulrich
Compass
Buyer's Agent
Linda Mulligan
RE/MAX Results
List Price
$2,175,000
Sold Price
$2,292,709
Premium/Discount to List
$117,709
5.41%
Current Estimated Value
$2,569,464

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$276,755
Avg. Annual Appreciation
4.01%
Original Mortgage
$1,785,600
Outstanding Balance
$1,721,971
Interest Rate
5.81%
Mortgage Type
New Conventional
Estimated Equity
$847,493

Purchase Details

Listed on
May 25, 2021
Closed on
Jul 22, 2022
Sold by
North Lake Development Llc
Bought by
Tony Chu Revocable Living Trust and Shelley Maattala Revocable Living Trust
Seller's Agent
Beth Ulrich
Compass
Buyer's Agent
Linda Mulligan
RE/MAX Results
List Price
$2,175,000
Sold Price
$2,292,709
Premium/Discount to List
$117,709
5.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,785,600
Outstanding Balance
$1,721,971
Interest Rate
5.81%
Mortgage Type
New Conventional
Estimated Equity
$847,493
Source: Public Records

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
Chu Tony $2,292,709 --
Tony Chu Revocable Living Trust $2,292,708 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tony Chu Revocable Living Trust $1,785,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/25/2022 07/25/22 Sold $2,292,709 0.0% $663 / Sq Ft
06/10/2021 06/10/21 Pending -- -- --
06/08/2021 06/08/21 Off Market $2,292,709 -- --
06/01/2021 06/01/21 For Sale $2,175,000 -5.1% $629 / Sq Ft
05/27/2021 05/27/21 Off Market $2,292,709 -- --
05/25/2021 05/25/21 For Sale $2,175,000 -- $629 / 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 $26,287 $2,227,900 $1,168,000 $1,059,900
2022 $4,286 $782,000 $490,000 $292,000
2021 $3,097 $300,000 $300,000 $0
2020 $4,286 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 5763670

NorthstarMLS

APN: 06-117-22-24-0146