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Top Transactions: Wild Meadows home sells for $2.3M.

Byline: Anne Bretts

Editors note:The Top Transactions feature focuses on the latest top home sales in the Twin Cities area, as well as noteworthy new listings, new residential developments and housing trends.Finance & Commerce checks certificates of real estate value filed with the Minnesota Department of Revenue as well as data from the Northstar Multiple Listing Service, Realtor.com, county records and other sources. The massive two-story home looks like an ad for the Hamptons, its beachy gray shakes and crisp white trim backed by blue skies and fluffy clouds. Its no surprise that it sold for $2.275 million before it even hit the market. Theres no beach anywhere near the home at 255 Calamus Circle, however. The six-bedroom, seven-bath, ,211-square-foot home is nestled on 1.31 acres of manicured lawn on the edge of a large nature area in the aptly named Wild Meadows community in Medina. Christopher Musso closed Jan. 30 on the purchase of the home from Mark and Celeste Argento, who had owned it since it was built in 2007. They now list Wayzata as home. Mark Argento is co-founder and head of capital markets at Lake Street Capital Markets LLC in Minneapolis. In November, Musso was appointed president of off-road vehicles at Minneapolis-based Polaris Industries Inc. Brian Benson of Coldwell Banker Burnets Wayzata office represented the sellers. We were prepping the house to get it ready for the [Multiple Listing Service], Benson said. He mentioned the home to colleagues in his office. Mark Schill, who was helping Musso in his search for a home, asked for a showing. One look was all it took. We got it done before it even hit the market, Benson said of the sale. Medina, 20 miles northwest of Minneapolis, pushes suburban development into the country. It has 5,000 residents spread through 2 square miles ranging from upscale executive neighborhoods to horse country, with its riding schools and hobby farms. While sparsely populated, Medina claims Highway 55 as its main street. Students are split among four school districts, with those in Wild Meadows attending Wayzata Public Schools. Edina-based L. Cramer Designers + Builders, built the home in 2007. An online photo tour includes aerial shots of the house, its two outdoor entertaining areas and kids play area. Inside, the tour wanders through 20 very traditional rooms, with multiple living areas, a large laundry and a mud room. A lower-level entertaining area features a bar and pool table, as well as a fitness room and a large sport court under the garage. The interior is awash in creamy white, with accents of deep red and black. The sale was the third-largest residential sale in the last year in Medina, where few sales crack the $1 million mark, according to Minnesota Department of Revenue records. It sold for .2 percent less than its $2.495 million list price, according to Realtor.com Property taxes on the home in 2017 were $26,341. [divider] Related: Photo tour of 255 Calamus Circle, Medina

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Publication:Finance and Commerce
Date:Feb 17, 2018
Words:509
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