540 Rice St E, Wayzata, MN 55391 Property Records

Hennepin County property record for 540 Rice St E, Wayzata, MN 55391

Property Summary

Property Type	Townhouse
Details	3 bd · 3 ba · 2,870 sqft · built 2006
Lot Size	0.05 acres (2,178 sqft)
Owner	2 Individual Names on File
Last Sale	$2,300,000 (Sep 2026)
Tax Bill	$30,098 (2025)
Deeds & Mortgages	Sep 2026 Sale Apr 2023 Sale & Mortgage + 4 more
Flood Zone	Zone X (minimal risk)
APN	`06-117-22-24-0097`

Property Details

APN / Parcel Number

Primary APN	`06-117-22-24-0097`

Interior

Bedrooms	3 Beds
Full Baths	3 Baths
Half Baths	3 Half Baths
Total Rooms	7 Rooms
Stories	2 Stories
Building Area	2,870 sqft Living Area
Gross Area	3,657 sqft
1st Floor Area	1,435 sqft
2nd Floor Area	1,385 sqft
Basement Area	723 sqft
Flooring	Wood
Interior Walls	Wallboard/Drywall
Fireplaces	1 Fireplace
Fireplace	Fireplace

Exterior

Year Built	Built 2006
Effective Year Built	Effective 2010
Architectural Style	Townhouse
Exterior Material	Brick
Construction Type	Frame
Roof Type	Flat
Roof Material	Tar & Gravel
Lot Area	2,178 sqft (0.05 acres)
Lot Dimensions	58 ft deep x 35 ft wide
View / Lot	Lake
Garage Type	Attached
Garage Area	568 sqft
Parking Spaces	2 Parking Spaces
Porch	Slab
Deck Area	210 sqft
Patio Area	210 sqft

Utilities, Heating & Cooling

Cooling System	Package A/C
Heating System	Floor/Wall Furnace
Heating Fuel	Electric

Location & Zoning

Street Address	540 RICE ST E
City	WAYZATA
State	MN
Zip	55391-1719
Property Category	Residential
Property Type	Residential > Condominium / Townhouse > Townhouse
Legal Description	LOT 002 BLOCK 001 A RICE STREET BROWNSTONES ADDN NE 35X58
Legal Range	22
Legal Township	117
Legal Section	06
Legal Quarter	24
Legal Subdivision	RICE STREET BROWNSTONES ADDN
Legal Block	1
Legal Lot Number	2
Jurisdiction	HENNEPIN MN
Township / Civil Division	WAYZATA
Census Block Group	2
Census Block	2041
Census Tract	27300

Owner

540 Rice St E, a townhouse, is owned and occupied by two individuals who bought it in September 2026.

Source: Hennepin County records, as of September 11, 2026

Owner of Record	2 Individual Names on File
Mailing Address	540 RICE ST E, WAYZATA, MN 55391-1719
Occupancy	Owner Occupied
Owner Type	Individual
Vesting	Joint Tenants

Owner names and exact recorded amounts are on file and can be viewed instantly on this page with a free 10-day trial.

Deeds, Mortgages & Sale History

Date	Document
Sep 1, 2026	Warranty Deed, Transfer BURNET TITLE LLC, BURNET TITLE
Apr 10, 2023	Warranty Deed, Transfer · Conventional Mortgage BELL BANK
Apr 12, 2021	Warranty Deed, Transfer · Conventional Mortgage UBS BANK USA
Oct 18, 2018	Grant Deed, Transfer ALERUS MTG
Apr 25, 2018	Trustee's Deed, Foreclosure ATTORNEY ONLY
Oct 30, 2018	Grant Deed, Transfer CARVER COUNTY ABSTRACT AND TITLE INC, CARVER CNTY ABS & TITLE INC

Assessor's Deed Record

Deed Names	2 Names on Deed
Last Sale	Sep 1, 2026 · Amount on File
Deed Sale	Sep 1, 2026 · Amount on File
Prior Sale	Apr 10, 2023 · Amount on File
Deed Document Number	202611493396
Prior Transfer Date	Oct 23, 2018
Prior Transfer Doc	0010607728
Record Updated	Oct 29, 2026

September 2026: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	HENNEPIN MN
Recording Date	Sep 1, 2026
Property Address	540 RICE ST E, WAYZATA, MN 55391-1719
Document Number	0011493396
Instrument Date	Aug 19, 2026
Instrument	202611493396
Transaction Type	Transfer
Record Updated	Sep 11, 2026
Title Company	BURNET TITLE LLC, BURNET TITLE

Transaction

Amount	Amount on Record
Tax	$789,820.00
Amount Accuracy	Full Amount Stated
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Joint Tenants
Address	540 RICE ST E, WAYZATA, MN 55391-1719

April 2023: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	HENNEPIN MN
Recording Date	Apr 10, 2023
Property Address	540 RICE ST E, WAYZATA, MN 55391-1719
Document Number	0A11192870
Instrument Date	Mar 21, 2023
Instrument	A11192870
Transaction Type	Transfer
Record Updated	Apr 20, 2023
Title Company	BURNETT TITLE, BURNET TITLE

Transaction

Amount	Amount on Record
Downpayment	Downpayment on Record
Loan-to-Value (LTV)	LTV on Record
Tax	$6,162.42
Amount Accuracy	Rounded by County
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Joint Tenants
Address	PO BOX 860, WAYZATA, MN 55391-0860

Mortgage

Document Number	0A11192871
Date	Apr 10, 2023
Instrument	A11192871

Lender

Name	BELL BANK
Type	Bank

Agreement

Type	Conventional Mortgage
Amount	Amount on Record
Term	360 Months
Due	Apr 1, 2053

April 2021: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	HENNEPIN MN
Recording Date	Apr 12, 2021
Property Address	540 RICE ST E, WAYZATA, MN 55391-1719
Document Number	0A10945662
Instrument Date	Mar 5, 2021
Instrument	A10945662
Transaction Type	Transfer
Record Updated	May 12, 2021
Title Company	BURNETT TITLE, BURNET TITLE

Transaction

Amount	Amount on Record
Downpayment	Downpayment on Record
Loan-to-Value (LTV)	LTV on Record
Tax	$4,620.00
Amount Accuracy	Rounded by County
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	2222 HUNTINGTON POINT RD W, WAYZATA, MN 55391-9741

Mortgage

Document Number	0A10945663
Date	Apr 12, 2021
Instrument	A10945663

Lender

Name	UBS BANK USA
Type	Bank

Agreement

Type	Conventional Mortgage
Amount	Amount on Record
Term	360 Months
Due	Apr 1, 2051

Interest

Rate Type	Adjustable Rate
Rate	2.37%
Type Change Date	Apr 1, 2028
Change Frequency	6 Months
Min Rate At Change	3%
Max Rate At Change	7.37%
Index	Other
Margin	3
Max Rate	12.3%

October 2018: Grant Deed, Transfer

Document Type	Grant Deed
Jurisdiction	HENNEPIN MN
Recording Date	Oct 18, 2018
Property Address	540 RICE ST E, WAYZATA, MN 55391-1719
Document Number	0010603755
Instrument Date	Oct 16, 2018
Instrument	10603755
Transaction Type	Transfer
Record Updated	Jan 16, 2019
Title Company	CARVER COUNTY ABSTRACT AND TITLE INC, CARVER CNTY ABS & TITLE INC

Transaction

Amount	Amount on Record
Downpayment	Downpayment on Record
Loan-to-Value (LTV)	LTV on Record
Tax	$4,071.50
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Joint Tenants with Right of Survivorship
Address	540 RICE ST E WAYZATA MN 553911719, WAYZATA, MN 55391-1719

Mortgage

Document Number	10603756
Date	Oct 18, 2018
Instrument	10603756

Lender

Name	ALERUS MTG
Type	Mortgage Company
Address	11100 WAYZATA BLVD # 570, MINNETONKA, MN 55305-5534

Agreement

Amount	Amount on Record
Term	360 Months
Due	Oct 17, 2048

Interest

Rate Type	Adjustable Rate
Rate	3.87%

April 2018: Trustee's Deed, Foreclosure

Document Type	Trustee's Deed
Jurisdiction	HENNEPIN MN
Recording Date	Apr 25, 2018
Property Address	540 RICE ST E, WAYZATA, MN 55391-1719
Document Number	0010547704
Instrument Date	Apr 20, 2018
Instrument	10547704
Transaction Type	Foreclosure
Record Updated	May 16, 2018
Title Company	ATTORNEY ONLY

Transaction

Amount	Amount on Record
Tax	$3,266.16
Amount Accuracy	Confirmed
Additional	Notice of Trustee Sale

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Association
Address	3476 STATEVIEW BLVD FORT MILL SC 297157203, FORT MILL, SC 29715-7203
Investor	Possibly a Property Investor

October 2018: Grant Deed, Transfer

Document Type	Grant Deed
Jurisdiction	HENNEPIN MN
Recording Date	Oct 30, 2018
Property Address	540 RICE ST E, WAYZATA, MN 55391-1719
Document Number	0010607728
Instrument Date	Apr 20, 2018
Instrument	10607728
Transaction Type	Transfer
Record Updated	Nov 16, 2018
Title Company	CARVER COUNTY ABSTRACT AND TITLE INC, CARVER CNTY ABS & TITLE INC

Transaction

Amount	Amount on Record
Tax	$3,330.24
Amount Accuracy	Confirmed
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Revocable Trust
Address	540 RICE ST E WAYZATA MN 553911719, WAYZATA, MN 55391-1719

Tax Assessment & Valuation

The 2025 property tax bill for 540 Rice St E was $30,098, up 30.3% from the year before.

Source: Hennepin County assessment roll, as of June 23, 2026

Property Jurisdictions

Type	Name
State	Minnesota
County	Hennepin County
Municipality	Wayzata City
Unified School District	Wayzata Public School District (PK - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2025	$30,098.00 (+30.25%)	$2,370,400 (+25.31%) Land $1,563,000 Building $807,400	$2,370,400 (+25.31%) Land $1,563,000 Building $807,400
2024	$23,107.00 (+41.86%)	$1,891,700 Land $1,104,000 Building $787,700	$1,891,700 Land $1,104,000 Building $787,700
2023	$16,289.00
2022		$1,374,000 Land $490,000 Building $884,000	$1,374,000 Land $490,000 Building $884,000

Assessed value and assessed market value are set for property tax purposes and are not market price estimates.

Flood

FEMA maps place 540 Rice St E in Zone X, an area of minimal flood risk, though there have been 1 flood claim nearby since 1987.

Source: FEMA National Flood Hazard Layer, effective December 25, 2025 · OpenFEMA NFIP redacted claims and policies, as of September 2026

FEMA Flood Zone	Zone X minimal risk
Flood Insurance Requirement	Not required lenders may require it
Nearby Flood Policies	3 in force
Nearby Flood Claims	1 (1987)
Most Recent Claim	Jul 1987 · Severe Storms, Tornadoes & Flooding

Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.

Wildfire

The area around 540 Rice St E has no burnable land within ember reach, so its wildfire risk is not rated.

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire Risk	Not rated no burnable land within ember reach

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water System	Wayzata serves 4,592 people · EPA ID MN1270054
Water Source	Groundwater
Last State Inspection	Jun 2025
Lead	Under 1 ppb (2021–2023) action level 15 ppb

Violations Reported to EPA

Water Quality	None last 10 years
Treatment and Procedure	None last 10 years
Monitoring and Reporting	None last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes. This system sells water to local utilities; the supplier billing this address may be one of them.

Internet Providers

Source: FCC Broadband Data Collection, based on 209 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Xfinity Cable	2,000 / 250
Mediacom Xtream Cable · Fiber in parts of the area	1,000 / 50
Verizon Fixed Wireless	300 / 20
AT&T Fixed Wireless	100 / 20
T-Mobile Fixed Wireless	100 / 20

May also be available: CenturyLink.

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