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$1,350,000

Listing Price

2beds

2baths

1,602sqft

112,820sqft lot

481 Peavey Ln, Wayzata, MN 55391

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  • Full foreclosure details

  • Home value, equity and ownership info

  • Find homes priced below market

  • Get full access with a FREE Account

Already a member?

For Sale

Single Family

Home type

555.62

Price / sqft

1981

Year built

Home Details

Private 2.5 Acre Setting in Wayzata: Remodel or Rebuild OpportunitynnTucked at the end of a quiet cul-de-sac, this 2.5-acre property offers a rare combination of privacy, space, and potential minutes from downtown Wayzata. The existing all-brick walkout rambler has been well maintained by the current owner and offers a smart layout with main level primary bedroom, and generous room sizes throughout.nnThe lower level is a walkout with high ceilings, ready to be finished to suit your needs. The oversized 3-car garage is extra deep, heated, and fully equipped with water, drains, and a built-in air compressor system.nnThe lot is wide and deep, with mature trees and a stream running through the back of the property. Whether youre considering a remodel, an expansion, or a full rebuild, the site offers flexibility and long-term upside. Blueprints are available.

Interior Details

Square Feet
  • 1602

Bedrooms
  • 2

Bathrooms
  • 2

Heating
  • Has Heating:

    Yes

  • Heating Type:

    Floor/wall Furnace

Cooling
  • Has Cooling:

    Yes

  • Cooling Type:

    Package

Fuel
  • Has Fuel:

    Yes

  • Fuel Type:

    Electric

Basement
  • Has Basement:

    No

  • Basement Type:

    Full

Flooring
  • Has Flooring:

    No

  • Flooring Type:

    N/A

Fireplace
  • Has Fireplace:

    Yes

  • Fireplace Type:

    N/A

Property Details

Lot Size
  • 112820

Water
  • No

Sewer
  • No

Parking
  • Type:

    Garage, Attached

  • Location:

    N/A

  • Status:

    N/A

  • Number of Spaces:

    3

Deck
  • N/A

Patio
  • N/A

Fence
  • N/A

Pool
  • N/A

Porch
  • N/A

Stoop
  • N/A

Breezeway
  • N/A

Construction Details

Number of Stories
  • 1

Style
  • Ranch

Exterior
  • Brick

Foundation
  • N/A

Roof
  • Hip

Roofing Material
  • Asphalt

Tax History

Year

Amount

Land

Improvement

Percent Change

Assessment

2020

$7,269

$312,000

$265,000

--%

$577,000

2019

$6,485

$260,000

$262,000

--%

$522,000

2018

$6,253

$260,000

$239,000

--%

$499,000

2017

$6,031

$260,000

$220,000

--%

$480,000

2016

$6,688

$298,000

$214,000

--%

$512,000

2014

$5,948

$238,000

$198,000

--%

$436,000

2013

$6,223

$255,000

$207,000

--%

$462,000

2011

$7,289

$340,000

$211,000

--%

$551,000

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Average Home Price in 55391

Nearby Properties

Zip Code

Price

Bed

Bath

Sqft

Lot

Sold Date

$1,350,000

2 Beds

2 Baths

1,602 Sqft

112,820 Lot (sqft)

Sold 09/29/2026

percent-home-icon

Calculators

Mortgage

Mortgage Calculator

Calculate your monthly mortgage payments.
Household Income
70,000
$
Home price
1,350,000
$
Down payment
270,000
$
Mortgage Rate
6.5
%
Loan Term
Property Tax Rate
1.1
%
Homeowner's Insurance (Annual)
8,100
$
HOA (Monthly)
0
$
PMI
0
$
$8,739
Your Payment
Total Monthly Payment:$8,739
Percent of Income:150%
Affordable:No

Details for 481 PEAVEY LN

Property Debt

Foreclosure Contact Details