NOT LISTED FOR SALE

670 Ferndale Rd W Wayzata, MN 55391

Estimated Value: $4,004,000 - $7,876,826

5 Beds
4.5 Baths
3,225 Sq Ft
$1,842/Sq Ft Est. Value

Last Sold September 16, 2022

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

Est. 15% decrease in value since last sale

Current estimated payment $38,701/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 $5,940,413, approximately $1,841 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.

Last Buyer's Agent

Troy Koenig

Coldwell Banker Realty

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
Current Estimated Value
$5,940,413

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,059,587
Avg. Annual Appreciation
-7.14%

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
Source: Public Records

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

  • Troy Koenig

    Buyer's Agent in 2022

    Troy Koenig

    Coldwell Banker Burnet

    (763) 458-7163

    2 in this area

    78 Total Sales

    Troy Koenig
    Section Image
  • Amanda Bowering

    Buyer Co-Listing Agent in 2022

    Amanda Bowering

    Coldwell Banker Burnet

    (952) 923-9562

    2 in this area

    65 Total Sales

    Amanda Bowering
    Section Image
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Map

Source: NorthstarMLS

MLS Number: 6262377

NorthstarMLS

APN: 01-117-23-33-0035

Minnesota Hennepin County Wayzata 55391

670 Ferndale Rd W, Wayzata, MN

This home is located at 670 Ferndale Rd W, Wayzata, MN 55391 since 16 September 2022 and is currently estimated at $5,940,413, approximately $1,841 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.

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