21 days on rocket

10531 Cedar Lake Rd Unit 517, Minnetonka, MN, 55305

$218,000

Home List Price

$2,589*

Closing Credit

2 Bedrooms
2 Full Baths
1,191 SqFt
$183/SqFt
Condo

Location

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10531 Cedar Lake Rd Unit 517, Minnetonka$218,000

Buyer Closing Credits

$2,589*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingAttached Garage, Heated Garage, Underground
Attached Garage1 space
Year Built1975
HeatingBaseboard
CoolingWall Unit(s)
MLS #6618183
StatusActive

About 10531 Cedar Lake Rd Unit 517

Best value in the complex by far!!! Enjoy living in this perfect updated condo in a wonderful association. Indoor and outdoor pools, a workout room and party room, tennis courts and guest suites. You can't beat this association or this location. Then the condo!!! Every inch of this home has been updated. New kitchen, bathrooms, paint, light fixtures and all new flooring. Move in and enjoy! This condo has an amazing association, has staffing from 9-5 on the weekdays, offers a heated garage with car wash station, tons of extra parking, laundry steps down the hall. All this and located just minutes from some of the best restaurants, Ridgedale Mall, a quick commute to downtown or out to Lake Minnetonka! Move in and enjoy. Seller willing to install in unit laundry if buyer pays the expense. Approximately 5k depending on selections.

Property Details

Property Features

Property Information:

  • Year Built: 1975
  • Living Area: 1,191 SqFt

Listing Office:

  • Office Name: Compass

Interior Features

Interior Information:

  • Appliances: Dishwasher, Range, Refrigerator
  • Basement: No

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 2

Exterior Features

Parking Information:

  • Garage Space: 1 space
  • Attached Garage: Yes
  • Parking: Attached Garage, Heated Garage, Underground

Utilities

Utilities Information:

  • Heating: Baseboard
  • Cooling: Wall Unit(s)

School Info

Assigned Schools Information:

  • Hopkins North Junior High, Public District Grades 7-9
  • Hopkins High School, Public District Grades 10-12
  • L.H. Tanglen Elementary, Public District Grades KG-6

Other

Directions Information:

  • Directions: Cedar Lake Road

Price Information

Listing Price Info

Price Summary:

  • List Price: $218,000
  • Price Per SqFt: $183/SqFt

HOA Fees:

  • Amount: $526
  • Frequency: Monthly
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Housing Market Comparison

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

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Minnetonka, MN

City

Med. Sold Price

$496.7K

Med. Price/SqFt

$216

Avg. Days On Market

28

# of Sold Homes

63

10531 Cedar Lake Rd Unit 517 vs Minnetonka

21 DAYS ON ROCKET

-7 Days

$218,000

-$278.7K Less

$183/SqFt

-$33 Less

KEY TAKEAWAY

This property is $278.7K less than the Median Sold Price and $33/SqFt less than other homes in Minnetonka, MN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NORTHSTAR
  • MLS Number: #6618183

Listing Office:

  • Office Name: Compass

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Last updated on: 11/5/2024, 11:22:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

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$1,682

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

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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-2040309
4
/10

  • L.H. Tanglen Elementary

  • 10901 Hillside Ln W

  • 0.52 miles

  • Public District Grades KG-6

High School

school-card-donut-2040310
4
/10

  • Hopkins North Junior High

  • 10700 Cedar Lake Rd

  • 0.11 miles

  • Public District Grades 7-9

school-card-donut-2040311
6
/10

  • Hopkins High School

  • 2400 Lindbergh Dr

  • 0.43 miles

  • Public District Grades 10-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $52,105. Residents of Minnetonka, MN typically earn between $35k-100k each year. 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 10531 Cedar Lake Rd Unit 517

What is the listing price of this property?

The listing price of 10531 Cedar Lake Rd Unit 517 property is $218,000.

What type of property is this?

The property 10531 Cedar Lake Rd Unit 517 is a condo located in Minnetonka, Minnesota, 55305.

Is this property for sale now?

Active Listing: 10531 Cedar Lake Rd Unit 517 is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 10531 Cedar Lake Rd Unit 517 are:
L.H. Tanglen Elementary: GreatSchools Rating 4/10
Hopkins North Junior High: GreatSchools Rating 4/10
Hopkins High School: GreatSchools Rating 6/10

How many bedrooms and bathrooms does this property have?

The property at 10531 Cedar Lake Rd Unit 517 has 2 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 10531 Cedar Lake Rd Unit 517 is 1,191 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 10531 Cedar Lake Rd Unit 517 is 1975.

Rocket Homes›Minnesota›Hennepin County›Minnetonka›55305›10531 Cedar Lake Rd Unit 517

This home is located at 10531 Cedar Lake Rd Unit 517 in Minnetonka, MN and zip code 55305. This 1,191 square foot home was built in 1975. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since October 15, 2024 and is currently priced at $218,000.

While more than 17 listings in Minnetonka, MN in October 2024 were sold above asking price, there were more than 15 listings sold at asking price, and more than 31 were sold below. The inventory of homes for sale in Minnetonka, MN between September 2024 and October 2024 increased by 11.3%. While the average time on the market in October 2024 was 28 days, the median list price was $496,725.

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

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