$462,000 - $529,475
RENTED AUG 20, 2024

551 Townes Rd Wayzata, MN 55391

3 Beds
3 Baths
1,748 Sq Ft
$283 Price per Sq Ft

Last Sold May 03, 2024

Last sale price $475,000 $272 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $3,253/month

About This Home

As of May 2024

Nestled on 1.13 acres in sought-after Wayzata, this meticulously maintained 3 BR, 3 BA home offers tranquility at the end of a quiet cul-de-sac. Enjoy stunning views of marshland and nature from every angle. The inviting living room features a fireplace and vaulted ceiling. A well-appointed kitchen awaits culinary adventures. Main level living adds convenience, with a spacious primary BR boasting a 3/4 BA and walk-in closet. Descend to the lower level walk-out family room, recently refreshed with new carpet and paint, leading to a patio and expansive backyard with fire pit. Recent landscaping enhancements include pollinator-friendly flowering trees and perennials, illuminated by newly installed landscape lighting. A generous two-car tuck-under garage and multi-use shed with electrical wiring add practicality. Award-winning Wayzata schools and proximity to downtown amenities make this an ideal location. Updates such as new paint, carpet, and appliances ensure modern comfort and style.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 4, 2024
Closed on
May 3, 2024
Sold by
Hazen Tana and Hazen Leslie
Bought by
Majkrzak Alexander
Seller's Agent
Shabnam Golafshan
Edina Realty, Inc.
Sold Price
$3,500
Views
35
Current Estimated Value
$494,619

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$491,119
Avg. Annual Appreciation
3.78%
Original Mortgage
$329,000
Outstanding Balance
$325,573
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
$169,046

Purchase Details

Closed on
Jun 14, 2023
Sold by
Reece Larry Ernest
Bought by
Reece Larry Ernest and Hazen Tana J

Purchase Details

Closed on
Nov 17, 2000
Sold by
Illian David
Bought by
Reece Larry E and Anderson Tami K
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Majkrzak Alexander $475,000 --
Reece Larry Ernest -- None Listed On Document
Reece Larry E $226,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Majkrzak Alexander $329,000
Previous Owner Reece Larry Ernet $141,000
Previous Owner Reece Larry Ernest $165,461
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/20/2024 08/20/24 Rented $3,500 0.0% --
07/19/2024 07/19/24 For Rent $3,500 0.0% --
07/01/2024 07/01/24 Rented $3,500 0.0% --
06/04/2024 06/04/24 For Rent $3,500 0.0% --
05/03/2024 05/03/24 Sold $475,000 +1.1% $272 / Sq Ft
04/11/2024 04/11/24 Pending -- -- --
04/08/2024 04/08/24 For Sale $469,900 -- $269 / Sq Ft

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 $5,720 $485,200 $259,600 $225,600
2022 $5,587 $477,700 $259,600 $218,100
2021 $5,103 $419,500 $236,000 $183,500
2020 $5,133 $386,700 $236,000 $150,700
2019 $4,573 $375,900 $236,000 $139,900
2018 $4,225 $339,800 $236,000 $103,800
2017 $3,777 $281,700 $200,000 $81,700
2016 $3,678 $271,600 $160,000 $111,600
2015 $3,497 $253,900 $160,000 $93,900
2014 -- $227,900 $160,000 $67,900
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2024

    Shabnam Golafshan

    Edina Realty, Inc.

    (651) 338-6514

    36 Total Sales

    Shabnam Golafshan
    Section Image
  • Jean Cunningham

    Seller's Agent in 2024

    Jean Cunningham

    Coldwell Banker Burnet

    (612) 865-7322

    7 Total Sales

    Jean Cunningham
    Section Image
  • Cristy Willis

    Buyer's Agent in 2024

    Cristy Willis

    Edina Realty, Inc.

    (952) 356-7585

    103 Total Sales

    Cristy Willis
    Section Image
See All Agents

Map

Minnesota Hennepin County Wayzata 55391

551 Townes Rd, Wayzata, MN

This home is located at 551 Townes Rd, Wayzata, MN 55391 and is currently estimated at $494,619, approximately $282 per square foot. 551 Townes Rd is a home located in Hennepin County with nearby schools including Birchview Elementary School, Wayzata Central 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.

Nearby Homes