Check Availability

2938 Northview Road

2938 Northview Road, Wayzata, MN 55391
Property in Minnetonka Beach
Sold Nov 02, 2018
$875,000
$707,300 by Rocket Mortgage Llc
Mortgage Due Sep 01, 2052
Sold Oct 10, 2008
$385,000
2938 Northview Road has been categorized by the local assessors in Wayzata, MN as a residential type of property. The building on the property was first built in 1910 and is 114 years old. However, we must point out that the home was most recently renovated and altered in 2010. The home has a total of 7 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 2 stories. In addition, 2938 Northview Road has 2,707 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. Those looking for additional storage or space will be happy to hear that there is a partial basement that is 700 sqft. Please note, that typically the basement, garage, and or porch square footage is not included in the calculations of the living area square footage. The area measurement of the land has been determined as 9,583 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a style that we are currently unable to determine.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a attached garage for those who require parking. The garage measured 588 sqft. According to our sources, there are a total of 2 available parking spaces. Moving on to the building itself. The condition of the building has been evaluated as average. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. The building has a gambrel style roof made of asphalt. The exterior walls of the building are made of a material which is produced from two or more constituent materials. While the interior walls have been made of gypsum boards such as those made of drywall, sheetrock, etc. As for the floors, you'll see that the home has flooring throughout. The inside of the home is being cooled with a packaged air conditioning unit at the moment. In terms of heating, it is utilizing floor/wall heating system and being fueled with electricity. There is a single fireplace in the home. Perfect for those wintery nights. 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, 2938 Northview Road sold most recently in Oct 9, 2018 for a total of $875,000. If you work out the math, that's approximately a cost of $323.24 per sqft. Before that, the property was also sold for $385,000 in Sep 26, 2008. 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 $12,029 in taxes each year. 2938 Northview Road was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $980,000. If we break it down further, the land itself was valued at $380,000. Improvements to the property, however, were assessed at a total of $600,000. The property's total market value has been marked the same as the total assessed value which is pretty typical. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.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: 2010
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Construction Type: Frame
  • Building Style: Other
  • Exterior Walls Type: Composition
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gambrel
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 1
  • Floor Cover: Wood
  • Basement Type: Partial basement
  • Basement Area: 700
  • Garage Type: Attached
  • Garage Square Area: 588
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 9,583
  • Lot Size Depth Feet: 1,470
  • Total Building Area: 2,707
  • Gross Building Area: 2,707
  • Building Area: 2,707
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Packed air conditioning unit
  • Heating: Floor/wall
  • Heated Square Feet: 2,707
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: MINNETONKA BEACH ON LAKE MTKA
  • Land Acres: 0.22
  • Standard Land Use Code: Single family residential
  • Legal Description 1: 128 MINNETONKA BEACH ON LAKE MTKA S70X147X64X157

Ownership

  • Current Owner : PETERSEN RICHARD M
  • Current Owner 2: PETERSEN KIM ANNETTE
  • Previous Owner : SCOTT KAREN R
  • Owner Before Previous Owner: BROOKS JOHN W
  • Owner Before Previous Owner 2: BROOKS JOYCE J
  • 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:60520
  • District: 82
  • Parcel: 16-117-23-31-0012
  • Lot: 128
  • Meridian: SEC 16 QTR 31 TWN 117 RNG 23
  • Municipality: MINNETONKA BEACH
  • Latitude: 44.9413
  • Longitude: -93.5974

    Address

  • Full Address: 2938 Northview Rd
  • Address - House Number: 2938
  • Address - Street Name: Northview
  • Address - Suffix Type: Rd
  • State: MN
  • City Name: Wayzata
  • Carrier Code: R011
  • 4-Digit Zip Code: 9200
  • Zip Code: 55391

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $12,029

    Appraisal Valuation

  • Standard Deviation: 0.1427
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 83
  • Final Value: 1,180,215
  • High Value: 1,348,720
  • Low Value: 1,011,709

    Open Liens

  • Total Open Liens: 3
  • Total Open Liens Amount: $1,032,300
  • First Open Lien Mortgage Lender: ROCKET MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Sep 07, 2022
  • First Open Lien Mortgage Loan Amount: $707,300
  • 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: Sep 01, 2052
  • Second Open Lien Mortgage Lender: US BANK NA
  • Second Open Lien Mortgage Recording Date: Feb 27, 2019
  • Second Open Lien Mortgage Financing Type: Variable
  • Second Open Lien Mortgage Loan Amount: $125,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • Second Open Lien Mortgage Loan Due Date: Jan 21, 2049
  • Third Open Lien Mortgage Lender: THIRD FEDERAL SAVINGS AND LOAN
  • Third Open Lien Mortgage Recording Date: Nov 07, 2022
  • Third Open Lien Mortgage Loan Amount: $200,000
  • Third Open Lien Mortgage Term: 360
  • Third Open Lien Mortgage Position: 3
  • Third Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • Third Open Lien Mortgage Loan Due Date: Oct 27, 2052

    Market Valuation

  • Market Total Value: $980,000
  • Market Land Value: $380,000
  • Market Improvement Value: $600,000

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $980,000
  • Assessed Land Value: $380,000
  • Assessed Improvements Value: $600,000

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 09, 2018
  • Current Sale Recording Date: Nov 02, 2018
  • Current Sale Transaction ID: 11529504128
  • Current Sale Price: $875,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: A10608219
  • Previous Sale Recording Date: Oct 10, 2008
  • Previous Sale Contract Date: Sep 26, 2008
  • Previous Sale Amount: $385,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: WELLS FARGO BANK NA
  • First Mortgage Transaction Date: Nov 02, 2018
  • First Mortgage Loan Amount: $656,250
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Mortgage Loan Due Date: Nov 01, 2048

    Financing

  • First Mortgage Financing Type: Adjustable Rate

About Orono



Similar Buildings

Currently no similar buildings around

Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 2938 Northview Road located in?
The 2938 Northview Road is a located in the neighborhood of Minnetonka Beach in Orono, Wayzata.
What is the average sales price for listings in 2938 Northview Road?
The average sales price for units in 2938 Northview Road is $0 currently.

Nearby Counties
Quantcast