new - 4 days on rocket

16578 Franklin Trl SE, Prior Lake, MN, 55372

$750,000

Home List Price

$8,906*

Closing Credit

0 Baths
4,160 SqFt
$180/SqFt
Condo

Location

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16578 Franklin Trl SE, Prior Lake$750,000

Buyer Closing Credits

$8,906*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingAssigned, Detached, Asphalt, Shared Driveway, Garage Door Opener, No Int Access to Dwelling
Garage5 spaces
Year Built1978
HeatingForced Air
BasementYes
MLS #6622443
StatusActive

About 16578 Franklin Trl SE

Impeccably maintained 4-plex! Seller prefers to sell with twin building at 16558 Franklin Trail, offering a unique opportunity to acquire two well-kept investment properties as a package. Each building has three 3-bedroom units, one 2-bedroom unit, and a paved parking lot with five garage stalls, assigned spaces, and guest parking. Recent updates include half the units with updated kitchens and baths, fresh exterior paint, stained decks, and sealed/numbered driveways. Added perks: coin-op laundry, two decks, two patios, and a 2012 roof replacement. Long-term tenants and below-market rents (see supplement) present strong upside potential. Don’t miss this chance for a high-quality, low-maintenance investment!

Property Details

Property Features

Property Information:

  • Year Built: 1978
  • Living Area: 4,160 SqFt

Listing Office:

  • Office Name: RE/MAX Advantage Plus

Interior Features

Interior Information:

  • Basement: Yes

Exterior Features

Parking Information:

  • Garage Space: 5 spaces
  • Attached Garage: No
  • Parking: Assigned, Detached, Asphalt, Shared Driveway, Garage Door Opener, No Int Access to Dwelling

Lot Features

Lot Information:

  • Lot: Corner Lot

Utilities

Utilities Information:

  • Heating: Forced Air

School Info

Assigned Schools Information:

  • Prior Lake High School, Public District Grades 9-12
  • Hidden Oaks Middle School, Public District Grades 6-8

Other

Directions Information:

  • Directions: Hwy 13 So. to 21 (Credit River Rd) turn left proceed to 39 (Franklin Trl) turn right (no sign)

Price Information

Listing Price Info

Price Summary:

  • List Price: $750,000
  • Price Per SqFt: $180/SqFt

Tax Information:

  • Annual Amount: $5,864
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Prior Lake, MN.

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Prior Lake, MN

City

Med. Sold Price

$513K

Med. Price/SqFt

$198

Avg. Days On Market

47

# of Sold Homes

47

16578 Franklin Trl SE vs Prior Lake

4 DAYS ON ROCKET

-43 Days

$750,000

+$237K More

$180/SqFt

-$19 Less

KEY TAKEAWAY

This property is $237K more than the Median Sold Price and $19/SqFt less than other homes in Prior Lake, MN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NORTHSTAR
  • MLS Number: #6622443

Listing Office:

  • Office Name: RE/MAX Advantage Plus

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

Property Sales & Tax

Listing History

Nov 20, 2007Home Sold
$397,500

Tax History

YEARPROP. TAXASSESSMENT
2021$5,864$409,568
2019$5,564$372,800
2018$4,860$312,500
2017$4,850$299,400

History based on county public records data.

Payment Calculator

$3,811

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,315

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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.

Middle School

school-card-donut-58073
6
/10

  • Hidden Oaks Middle School

  • 15855 Fish Point Rd SE

  • 1.19 miles

  • Public District Grades 6-8

High School

school-card-donut-58074
8
/10

  • Prior Lake High School

  • 7575 150th St W

  • 2.49 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $77,710. The majority of Prior Lake, MN residents have income between $35k-100k annually. Residents typically live in single, no kids family. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 16578 Franklin Trl SE

What is the listing price of this property?

The listing price of 16578 Franklin Trl SE property is $750,000.

What type of property is this?

The property 16578 Franklin Trl SE is a condo located in Prior Lake, Minnesota, 55372.

Is this property for sale now?

Active Listing: 16578 Franklin Trl SE is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 16578 Franklin Trl SE are:
Hidden Oaks Middle School: GreatSchools Rating 6/10
Prior Lake High School: GreatSchools Rating 8/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $5,864 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on November 20, 2007 for $397,500. (source: MLS/tax record).

What is the square footage of this property?

The property 16578 Franklin Trl SE is 4,160 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 16578 Franklin Trl SE is 1978.

Rocket Homes›Minnesota›Scott County›Prior Lake›55372›16578 Franklin Trl SE

This home is located at 16578 Franklin Trl SE in Prior Lake, MN and zip code 55372. This 4,160 square foot home was built in 1978. It has been listed on Rocket Homes since November 01, 2024 and is currently priced at $750,000.

Over 12 listings were sold over their listed price in October 2024 in Prior Lake, MN. In the same period over 22 listings were sold below the listed price and 13 listings were sold for the listed price. The number of listings in Prior Lake, MN decreased by 4.6% between September 2024 and October 2024. While the average time on the market in October 2024 was 47 days, the median list price was $513,000.

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

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