NOT LISTED FOR SALE

670 Ferndale Rd W Wayzata, MN 55391

Estimated Value: $3,559,000 - $7,792,718

5 Beds
4.5 Baths
3,225 Sq Ft
$1,760/Sq Ft Est. Value

Last Sold September 16, 2022

Last sale price $7,000,000 $2,171 Per Sq Ft

Est. 19% decrease in value since last sale

Current estimated payment $37,569/month

Highlights

  • 54,886 Sq Ft lot
  • No HOA
  • 1-Story Property
  • Gleason Lake Elementary School Rated A
  • Living Room
  • Family Room

About This Home

As of September 2022

This home is located at 670 Ferndale Rd W, Wayzata, MN 55391 since 16 September 2022 and is currently estimated at $5,675,859, approximately $1,759 per square foot. This property was built in 1968. 670 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.

Troy Koenig

Coldwell Banker Realty Listed on: 09/16/2022

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $69,441

Year Built

  • Built in 1968

Lot Details

  • 1.26 Acre Lot

Interior Spaces

  • 1-Story Property
  • Family Room
  • Living Room

Bedrooms and Bathrooms

  • 5 Bedrooms

Community Details

  • No Home Owners Association
  • Ferndale Shores Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0111723330035

Home Details

Home Type

Single Family

Est. Annual Taxes

$69,441

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Year Built: 1968
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Fireplace: No
  • Dining Room Type: Living Room, Dining Room, Family Room, Kitchen, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4

Beds/Baths

  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Three Quarter Bathrooms: 1

Condo/Co-op/Association

  • Association: No

Schools

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

Lot Info

  • Lot Size Sq Ft: 54885.6
  • Land Lease: No
  • Additional Parcels: No
  • ResoLotSizeUnits: Acres
  • AssessmentPending: Unknown
  • Yearly/Seasonal: Yearly

Tax Info

  • Tax Year: 2022
  • Assessor Parcel Number: 0111723330035
  • Tax Annual Amount: 69441
  • TaxWithAssessments: 69441.0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 16, 2022
Closed on
Sep 13, 2022
Sold by
R W Naples Holdings Inc
Bought by
Bfde Llc
Buyer's Agent
Troy Koenig
Coldwell Banker Realty
Sold Price
$7,000,000
Total Days on Market
0
Current Estimated Value
$5,675,859

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,324,141
Avg. Annual Appreciation
-7.47%

Purchase Details

Closed on
Mar 18, 2022
Sold by
Lerman Bradley E and Lerman Rita N
Bought by
R W Naples Holdings Inc

Purchase Details

Closed on
Oct 10, 2016
Sold by
Ziskin Alan M and Ziskin Bonnie J
Bought by
Lerman Bradley E and Conroy Rita N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,400,000
Interest Rate
2.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Range of Values:

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Average Value
Not Available
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
Bfde Llc $7,000,000 Burnet Title
R W Naples Holdings Inc $13,529 Burnet Title
Lerman Bradley E $4,400,000 Burnet Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lerman Bradley E $2,188,200
Previous Owner Lerman Bradley E $2,400,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/16/2022 09/16/22 Sold $7,000,000 -- $2,171 / 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 $69,577 $5,676,700 $5,665,400 $11,300
2022 $69,441 $5,870,000 $4,745,000 $1,125,000
2021 $68,846 $4,947,000 $4,012,000 $935,000
2020 $65,754 $4,934,000 $4,012,000 $922,000
2019 $65,260 $4,547,000 $3,649,000 $898,000
2018 $64,960 $4,498,000 $3,649,000 $849,000
2017 $61,480 $4,135,000 $3,328,000 $807,000
2016 $62,077 $3,969,000 $3,273,000 $696,000
2015 $61,597 $3,851,000 $3,149,000 $702,000
2014 -- $3,987,000 $3,149,000 $838,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6262377

NorthstarMLS

APN: 01-117-23-33-0035