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2321 Lafayette Road

2321 Lafayette Road, Wayzata, MN 55391
Property in Minnetonka Beach
Sold Feb 04, 2020
$725,000
$640,000 by Movement Mortgage Llc
Mortgage Due May 01, 2052
Sold Oct 11, 2002
$326,500
Local assessors in Wayzata, MN have categorized 2321 Lafayette Road as a residential type of property. The home was built in 1910 and is 114 years old. It was most recently renovated and altered in 1990. The property's lot size has been calculated to be 13,068 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a style that we are currently unable to determine. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 7 rooms in the home. Of these, 4 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there is one full bathroom. There is also a partial bathroom. This is a 3 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 2321 Lafayette Road has a total of 1,731 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations. There is a full basement that is 728 sqft. Perfect for those looking for additional storage or living space such as a recreational room, additional bedroom, etc.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a detached garage for those who need a place to park their vehicle. The garage on the property is 528 sqft. There are 4 available parking spaces so it's a great situation for those with more than one car. Do you like to entertain? The home has a unknown so you'll have a great option in the front of the home. Moving onto specific details regarding the building. Our sources show that the building condition is average. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C+. The building has a gable style roof that was made of asphalt. Lots of a material which is produced from two or more constituent materials were used in the construction of the exterior walls of the home. While the walls in the interior have been made of plaster. As for flooring, was the material of choice during construction. Residents rely on a packaged air conditioning unit for their cooling system. The home's floor/wall heating system is the primary heating source and it is being fueled with electricity. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 2321 Lafayette Road sold most recently in Jan 3, 2020 for a total of $725,000. If you work out the math, that's approximately a cost of $418.83 per sqft. Before that, the property was also sold for $326,500 in Jul 30, 2002. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $10,120 in taxes each year. 2321 Lafayette Road was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $814,000. If we break it down further, the land itself was valued at $520,000. Improvements to the property, however, were assessed at a total of $294,000. The property's total market value has been marked the same as the total assessed value which is pretty typical. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1910
  • Effective Year Built: 1990
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Average
  • Building Quality: C+
  • Construction Type: Frame
  • Building Style: Other
  • Exterior Walls Type: Composition
  • Interior Walls Type: Plaster
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Floor Count: 3
  • Living Units: 1
  • Floor Cover: Wood
  • Basement Type: Full basement
  • Basement Area: 728
  • Garage Type: Detached
  • Garage Square Area: 528
  • Parking Space Count: 4

    Dimensions

  • Lot Size Square Feet: 13,068
  • Lot Size Depth Feet: 2,180
  • Total Building Area: 1,731
  • Gross Building Area: 1,731
  • Building Area: 1,731
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Packed air conditioning unit
  • Heating: Floor/wall
  • Heated Square Feet: 1,731
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: SUPPLEMENTAL PLAT OF MTKA BEACH
  • Land Acres: 0.3
  • Standard Land Use Code: Single family residential
  • Legal Description 1: 343 SUPPLEMENTAL PLAT OF MTKA BEACH SE64X218X61X213

Ownership

  • Current Owner : CHAPMAN MARISA
  • Current Owner 2: DUNPHY KEVIN
  • Previous Owner : MANNING MARGARET M
  • Previous Owner 2: MANNING RICHARD A
  • Owner Before Previous Owner: DESUTTER ROBERT
  • Owner Before Previous Owner 2: DESUTTER ANNE
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Orono Public School District
  • School Tax School District: ORONO
  • Census Tract: 027203

Geography

  • Assessors Map Reference: MB:60580
  • District: 82
  • Parcel: 15-117-23-32-0055
  • Lot: 343
  • Meridian: SEC 15 QTR 32 TWN 117 RNG 23
  • Municipality: MINNETONKA BEACH
  • Latitude: 44.9413
  • Longitude: -93.5795

    Address

  • Full Address: 2321 Lafayette Rd
  • Address - House Number: 2321
  • Address - Street Name: Lafayette
  • Address - Suffix Type: Rd
  • State: MN
  • City Name: Wayzata
  • Carrier Code: R011
  • 4-Digit Zip Code: 9749
  • Zip Code: 55391

Valuation

    Tax

  • Total Area: 2,002
  • Tax Year: 2023
  • Tax Amount: $10,120

    Appraisal Valuation

  • Standard Deviation: 0.1427
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 83
  • Final Value: 929,651
  • High Value: 1,062,382
  • Low Value: 796,920

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $640,000
  • First Open Lien Mortgage Lender: MOVEMENT MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Apr 20, 2022
  • First Open Lien Mortgage Loan Amount: $640,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: May 01, 2052

    Market Valuation

  • Market Total Value: $814,000
  • Market Land Value: $520,000
  • Market Improvement Value: $294,000

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $814,000
  • Assessed Land Value: $520,000
  • Assessed Improvements Value: $294,000

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jan 03, 2020
  • Current Sale Recording Date: Feb 04, 2020
  • Current Sale Transaction ID: 11722853634
  • Current Sale Price: $725,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: T05683631
  • Previous Sale Recording Date: Oct 11, 2002
  • Previous Sale Contract Date: Jul 30, 2002
  • Previous Sale Amount: $326,500
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: GUARANTEED RATE INC
  • First Mortgage Transaction Date: Feb 04, 2020
  • First Mortgage Loan Amount: $507,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Mar 01, 2050

About Orono



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Nearby Rentals

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Frequently Asked Questions

What neighborhood is 2321 Lafayette Road located in?
The 2321 Lafayette Road is a located in the neighborhood of Minnetonka Beach in Orono, Wayzata.
What is the average sales price for listings in 2321 Lafayette Road?
The average sales price for units in 2321 Lafayette Road is $0 currently.

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