2 months on rocket

1397 Orono Ln, Orono, MN, 55391

$4,495,000

4 Bedrooms
1 Full Bath
3,202 SqFt
$1,404/SqFt
House

Location

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Property Highlights

Home TypeSingle Family Residence
ParkingAttached Garage, Driveway - Other Surface, Floor Drain, Garage Door Opener, Heated Garage, Storage
Attached Garage3 spaces
Year Built1938
HeatingSteam, Forced Air
CoolingCentral Air
BasementYes
WaterfrontLake Front, Lake
FireplaceElectric, Gas, Living Room, Other
ViewLake, Other
MLS #6590512
StatusActive

About 1397 Orono Ln

Incredible opportunity to own a like-new John Kraemer & Sons custom built home. Current owner recently reconfigured main level primary bath, added additional bedroom and bathroom on second level, and enhanced landscaping and privacy. Enjoy main level living along with a gourmet kitchen, sun filled rooms, sauna, steam shower, and 3 car garage. This home has beautiful southern water views on Browns Bay with 116 feet of shoreline. Situated on 2/3 acre with a sweeping lawn, large paver patio and screened in porch. Convenient location just minutes from Downtown Wayzata and easy highway access.

Property Details

Property Features

Property Information:

  • Year Built: 1938
  • Living Area: 3,202 SqFt

Listing Office:

  • Office Name: Lakes Sotheby's International Realty

Interior Features

Interior Information:

  • Appliances: Dishwasher, Exhaust Fan, Microwave, Refrigerator, Stainless Steel Appliances
  • Basement: Yes
  • Fireplace: Electric, Gas, Living Room, Other

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Waterfront: Lake Front, Lake
  • View: Lake, Other

Parking Information:

  • Garage Space: 3 spaces
  • Attached Garage: Yes
  • Parking: Attached Garage, Driveway - Other Surface, Floor Drain, Garage Door Opener, Heated Garage, Storage

Lot Features

Lot Information:

  • Lot: Accessible Shoreline

Utilities

Utilities Information:

  • Heating: Steam, Forced Air
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Orono High School, Public District Grades 9-12
  • Orono Middle School, Public District Grades 6-8
  • Orono Intermediate School, Public District Grades 3-5

Other

Directions Information:

  • Directions: Shoreline to Orono Lane

Price Information

Listing Price Info

Price Summary:

  • List Price: $4,495,000
  • Price Per SqFt: $1,404/SqFt
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Housing Market Comparison

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

Med. Sold Price

$1.1M

Med. Price/SqFt

$287

Avg. Days On Market

54

# of Sold Homes

16

1397 Orono Ln vs Orono

74 DAYS ON ROCKET

+20 Days

$4,495,000

+$3.3M More

$1,404/SqFt

+$1.1K More

KEY TAKEAWAY

This property is $3.3M more than the Median Sold Price and $1.1K/SqFt more than other homes in Orono, MN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NORTHSTAR
  • MLS Number: #6590512

Listing Office:

  • Office Name: Lakes Sotheby's International Realty

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Property Sales & Tax

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Rate/APR

7.5% / 6.68%

Total Monthly Payment

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NMLS#3030

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-2038729
7
/10
  • Orono Intermediate School

  • 685 N Old Crystal Bay Rd

  • 2.58 miles

  • Public District Grades 3-5

Middle School

school-card-donut-2038730
7
/10
  • Orono Middle School

  • 800 N Old Crystal Bay Rd

  • 2.69 miles

  • Public District Grades 6-8

High School

school-card-donut-2038731
8
/10
  • Orono High School

  • 795 N Old Crystal Bay Rd

  • 2.73 miles

  • Public District Grades 9-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $126,786. The most common annual income of people living in Orono, MN is $200k+. The majority of families are married, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1397 Orono Ln

What is the listing price of this property?

The listing price of 1397 Orono Ln property is $4,495,000.

What type of property is this?

The property 1397 Orono Ln is a house located in Orono, Minnesota, 55391.

Is this property for sale now?

Active Listing: 1397 Orono 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 1397 Orono Ln are:
Orono Intermediate School: GreatSchools Rating 7/10
Orono Middle School: GreatSchools Rating 7/10
Orono High School: GreatSchools Rating 8/10

How many bedrooms and bathrooms does this property have?

The property at 1397 Orono Ln has 4 bedrooms and 5 bathrooms.

What is the square footage of this property?

The property 1397 Orono Ln is 3,202 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1397 Orono Ln is 1938.
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Rocket Homes›Minnesota›Hennepin County›Orono›55391›1397 Orono Ln

This home is located at 1397 Orono Ln in Orono, MN and zip code 55391 in the Brown's Bay neighborhood. This 3,202 square foot home was built in 1938. Features: 4 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since August 23, 2024 and is currently priced at $4,495,000.

In October 2024 more than 2 listings in Orono, MN were sold above the asking price. During the same period more than 2 listings were sold at asking price, while more than 12 were sold below. The number of listings in Orono, MN increased by 10.5% between September 2024 and October 2024. While the average time on the market in October 2024 was 54 days, the median list price was $1,130,000.

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

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