NOT LISTED FOR SALE

1400 Bracketts Point Rd Wayzata, MN 55391

Estimated Value: $3,798,000

7 Beds
13 Baths
23,297 Sq Ft
$163/Sq Ft Est. Value

Last Sold August 27, 2018

Last sale price $11,327,240 $486 Per Sq Ft

Current estimated payment $25,013/month

196 Days on Market

Highlights

  • Lake Front
  • Spa
  • 5.42 Acre Lot
  • Schumann Elementary School Rated A-
  • Sauna
  • Family Room with Fireplace

About This Home

As of August 2018

Steeped in history and lovingly restored, Southways (The Pillsbury Estate) is one of the last remaining icons for Lake Minnetonka. In the venerated words of Mrs. Pillsbury, "A house can be elegant without being ostentatious". Sweeping views both west and east across Bracketts Point over Lake Minnetonka speak to its timeless style and grace. Close proximity to Wayzata and downtown Minneapolis.

Last Listed By

Meredith Howell

Coldwell Banker Realty Listed on: 01/18/2018

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $147,262

Year Built

  • Built in 1918

Lot Details

  • 5.42 Acre Lot
  • Lake Front
  • Cul-De-Sac
  • Sprinkler System

HOA Fees

  • $17 Monthly HOA Fees

Parking

  • 4 Car Attached Garage
  • Tandem Garage

Home Design

  • Slate Roof
  • Stone Siding

Interior Spaces

  • 2-Story Property
  • Central Vacuum
  • Entertainment System
  • Woodwork
  • Wood Burning Fireplace
  • Gas Fireplace
  • Family Room with Fireplace
  • 9 Fireplaces
  • Living Room with Fireplace
  • Sauna
  • Home Gym
  • Lake Views
  • Home Security System

Kitchen

  • Built-In Oven
  • Indoor Grill
  • Cooktop
  • Dishwasher
  • Trash Compactor

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 7 Bedrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Spa
  • Patio

Utilities

  • Forced Air Heating and Cooling System
  • Hot Water Heating System
  • Well

Community Details

  • Association fees include shared amenities
  • Southways Association
  • Southways Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1111723320020

Home Details

Home Type

Single Family

Est. Annual Taxes

$147,262

Year Built

Built in 1918

Lot Details

0

HOA Fees

$17 per month

Parking

4

Listing Details

  • Type: Single Family
  • Property Subtype 1: (SF) Single Family
  • Cooling System: Central
  • Outside Features: Brick/Stone
  • Garage Spaces: 4.00
  • Accessibility Features: Elevator
  • Fireplaces: 9
  • Water Source: Well
  • Fuel Type: Natural Gas
  • Fee Frequency: Yearly
  • Year Built: 1918
  • Above Grade Finished Sq Ft: 23297.00
  • Above Grade Finished Area Search: 23297.00
  • Assessment Pending Y N: No
  • Association Management: Southways
  • Management Company Phone: 612-227-8629
  • Below Grade Finished Sq Ft: 2000.00
  • Carport Y N: No
  • Co Listing Association Office S K: 9091
  • Floor Plan Type: 2nd Floor Laundry, 4 BR on One Level
  • Foundation Area Units: Square Feet
  • Internet Entire Listing Display: Yes
  • Lake Bottom Type: Excellent Sand, Hard, Sand
  • Lake Depth Feet: 113
  • List A O R Key Numeric: 9091
  • Listing Organization: Regional MLS of Minnesota
  • Living Area Finished: 25297.00
  • Living Area Finished Units: Square Feet
  • Parcel Numbers: 1111723320020
  • Rental License: No
  • Stories Type: More Than 2 Stories
  • Water Body Name: Minnetonka
  • Waterfront Frontage: 617
  • Waterfront Slope Type: Gradual
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Basement: Finished (Livable)
  • Appliances: Central Vacuum, Cooktop, Dishwasher, Dryer, Indoor Grill, Refrigerator, Trash Compactor, Wall Oven, Washer
  • Fireplace Features: Family Room, Gas Burning, Living Room, Master Bedroom, Other, Wood Burning
  • Dining Room Features: Breakfast Area, Eat In Kitchen, Informal Dining Room, Separate/Formal Dining Room
  • Family Room Features: 2 or More, Entertainment/Media Center, Family Room, Main Level
  • Bathroom Type: 1/2 Basement, 3/4 Basement, 3/4 Jack & Jill, 3/4 Master, Bathroom Ensuite, Full Master, Jetted Tub, Main Floor 1/2 Bath, Private Master, Separate Tub & Shower, Two Basement Baths, Two Master Baths
  • Fireplace: Yes
  • Stories: 2
  • Below Grade Finished Sq Ft: 2000.00

Beds/Baths

  • Full Bathrooms: 6
  • Half Bathrooms: 5
  • Total Bathrooms: 13
  • Total Bedrooms: 7
  • Three Quarter Bathrooms: 2

Exterior Features

  • Roof: Slate
  • LakeAcres: 14729.56000
  • Waterfront View: Panoramic
  • Road Between Waterfront And Home: No

Garage/Parking

  • Parking Features: Attached Garage, Tandem Garage

Utilities

  • Heating: Forced Air, Hot Water
  • Sewer: City Sewer/Connected

Condo/Co-op/Association

  • HOA Fee Includes: Shared Amenities
  • Association Fee: 200.00

Association/Amenities

  • Property Amenities: Exercise Room, Hardwood Floors, Hot Tub, In-Ground Sprinkler, Natural Woodwork, Patio, Sauna, Security System, Sun Room, Tile Floors, Walk-In Closet

Schools

  • School District: 278 - Orono
  • School District Phone: 952-449-8305

Lot Info

  • Zoning: Residential-Single Family
  • Construction: Previously Owned
  • Waterfront YN: Yes
  • PropertyAttachedYN: No
  • Assessment Pending: No
  • Lot Size: irregular
  • Homestead: Yes
  • LandLeaseAmountFrequency: No
  • Lot Size Acres: 5.4200
  • Lot Size Area Units: Square Feet

Building Info

  • New Development: No

Tax Info

  • TaxLegalDescription: RGT ORONO POINT LOTS 5 6 AND THAT PART OF LOTS 9 AND 10 AND ACCRETIONS THERETO LYING SLY AND ELY OF THE FOL DESC LINE COM AT A PT IN THE CTR LINE OF CENTER AVE 588.95 FT NLY FROM THE NWLY COR OF LOT
  • Tax Amount: 147262.00
  • Tax Year: 2017
  • Assessor Parcel Number: 1111723320020

Multi Family

  • Above Grade Finished Sq Ft: Square Feet
  • WaterfrontFeatures: Lake Front, Lake View

MLS Schools

  • School District Name: 278 - Orono

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 18, 2018
Closed on
Jul 31, 2018
Sold by
Jundt James R and Jundt Mary Joann
Bought by
Brackett Point Property Llc
Seller's Agent
Meredith Howell
Coldwell Banker Realty
List Price
$12,700,000
Sold Price
$11,327,240
Premium/Discount to List
-$1,372,760
-10.81%
Total Days on Market
196
Current Estimated Value
$3,798,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$7,529,240
Avg. Annual Appreciation
-17.72%

Range of Values:

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Average Value
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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
Brackett Point Property Llc $11,327,239 Burnet Title
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/04/2018 09/04/18 For Sale $12,700,000 +12.1% $545 / Sq Ft
08/27/2018 08/27/18 Sold $11,327,240 0.0% $486 / Sq Ft
08/04/2018 08/04/18 Off Market $11,327,240 -- --
08/03/2018 08/03/18 For Sale $7,900,000 -30.3% $339 / Sq Ft
04/28/2018 04/28/18 Off Market $11,327,240 -- --
01/18/2018 01/18/18 For Sale $7,900,000 -- $339 / 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 $298,187 $26,156,900 $11,880,000 $14,276,900
2022 $242,601 $25,940,000 $12,800,000 $13,140,000
2021 $171,119 $18,746,000 $11,200,000 $7,546,000
2020 $146,002 $13,295,000 $10,785,000 $2,510,000
2019 $141,251 $10,785,000 $10,785,000 $0
2018 -- $10,351,000 $5,129,000 $5,222,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: NST4901545

NorthstarMLS

APN: 11-117-23-32-0025