5 months on rocket

172 Westwood Ln, Wayzata, MN, 55391

$4,500,000

5 Bedrooms
2 Full Baths, 1 Partial
5,855 SqFt
$769/SqFt
House
Schools Nearby

Location

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Property Highlights

Home TypeSingle Family Residence
ParkingAttached Garage
Attached Garage2 spaces
Year BuiltNew Const., 1960
HeatingForced Air
CoolingCentral Air
BasementYes
FireplaceGas, Living Room
MLS #6458776
StatusActive

About 172 Westwood Ln

This homesite represents the ideal canvas for creating a custom residence with Wooddale Builders. Discover the epitome of luxury living at 172 Westwood Lane, Wayzata. Embracing approximately .92 acres, this rare gem is nestled on a tranquil street, offering a quiet backyard sanctuary. Situated within a neighborhood graced by numerous high-end new builds. Indulge in the best of Wayzata living, with easy access to the area's finest restaurants, shopping, and a vibrant pedestrian-friendly environment. Wooddale Builders has been a luxury custom home builder in Minnesota for over 40 years. In close collaboration with you, Wooddale Builders can design and build the custom home of your dreams.

Property Details

Property Features

Property Information:

  • Year Built: 1960
  • Living Area: 5,855 SqFt

Listing Office:

  • Office Name: Compass

Interior Features

Interior Information:

  • Appliances: Dishwasher, Disposal, Dryer, Exhaust Fan, Microwave, Range, Refrigerator, Washer
  • Basement: Yes
  • Fireplace: Gas, Living Room

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 2
  • Total Bedroom Count: 5

Exterior Features

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: Yes
  • Parking: Attached Garage

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Wayzata High School, Public District Grades 9-12
  • Wayzata West Middle School, Public District Grades 6-8
  • Gleason Lake Elementary School, Public District Grades KG-5

Other

Directions Information:

  • Directions: Wayzata Boulevard west to Ferndale Road. South on Ferndale to Elm (turns into Lakeview Ln). Right on Elm to Birch Ln. W. Right on Birch Ln to Westwood Ln. Left on Westwood Ln to home. NOTE. THIS IS 2ND HOUSE IN NOT CORNER PROPERTY.

Price Information

Listing Price Info

Price Summary:

  • List Price: $4,500,000
  • Price Per SqFt: $769/SqFt

Tax Information:

  • Annual Amount: $20,132
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Wayzata, MN.

Med. Sold Price

$975K

Med. Price/SqFt

$321

Avg. Days On Market

44

# of Sold Homes

12

172 Westwood Ln vs Wayzata

154 DAYS ON ROCKET

+110 Days

$4,500,000

+$3.5M More

$769/SqFt

+$447 More

KEY TAKEAWAY

This property is $3.5M more than the Median Sold Price and $447/SqFt more than other homes in Wayzata, MN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NORTHSTAR
  • MLS Number: #6458776

Listing Office:

  • Office Name: Compass

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Property Sales & Tax

Listing History

Aug 06, 2021Home Sold
$1,425,000
Nov 20, 2001Home Sold
$855,000
Feb 08, 1999Home Sold
$615,000

Tax History

YEARPROP. TAXASSESSMENT
2020$20,132$1,502,000
2019$19,039$1,376,000
2018$18,429$1,330,000
2017$18,653$1,323,000

History based on county public records data.

Payment Calculator

$22.5K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$13.5K

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-2832591
7
/10
  • Gleason Lake Elementary School

  • 310 County Road 101 N

  • 1.31 miles

  • Public District Grades KG-5

Middle School

school-card-donut-2832592
7
/10
  • Wayzata West Middle School

  • 149 Barry Ave N

  • 0.39 miles

  • Public District Grades 6-8

High School

school-card-donut-2832593
9
/10
  • Wayzata High School

  • 4955 Peony Ln N

  • 4.97 miles

  • Public District Grades 9-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $113,362. Most Wayzata, MN residents have annual incomes $200k+. Most families are single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 172 Westwood Ln

What is the listing price of this property?

The listing price of 172 Westwood Ln property is $4,500,000.

What type of property is this?

The property 172 Westwood Ln is a house located in Wayzata, Minnesota, 55391.

Is this property for sale now?

Active Listing: 172 Westwood Ln is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 172 Westwood Ln are:
Gleason Lake Elementary School: GreatSchools Rating 7/10
Wayzata West Middle School: GreatSchools Rating 7/10
Wayzata High School: GreatSchools Rating 9/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $20,132 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on August 6, 2021 for $1,425,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 172 Westwood Ln has 5 bedrooms and 2 full and 1 half bathrooms.

What is the square footage of this property?

The property 172 Westwood Ln is 5,855 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 172 Westwood Ln is 1960.
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Rocket Homes›Minnesota›Hennepin County›Wayzata›55391›172 Westwood Ln

This home is located at 172 Westwood Ln in Wayzata, MN and zip code 55391 in the Wayzata Highlands neighborhood. This 5,855 square foot home was built in 1960. Features: 5 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since November 21, 2023 and is currently priced at $4,500,000.

In March 2024 more than 3 listings in Wayzata, MN were sold above the asking price. During the same period more than 2 listings were sold at asking price, while more than 7 were sold below. Between February 2024 and March 2024, Wayzata, MN real estate market has seen increase in the number of listings by 17.9%. Listings spent 44 days on the market in March 2024, and had a median list price of $975,000 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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