1 year on rocket

5324 Spring Ln, Minnetonka, MN, 55345

$1,685,000

Home List Price

$10,000*

Closing Credit

3 Bedrooms
2 Full Baths, 1 Partial
2,150 SqFt
$784/SqFt
House

Location

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5324 Spring Ln, Minnetonka$1,685,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingAsphalt
Garage3 spaces
Year BuiltNew Const., 2024
HeatingForced Air
CoolingCentral Air
BasementYes
FireplaceGas
MLS #6453807
StatusActive

About 5324 Spring Ln

This to-be-built home is tucked away within the foliage of mature trees. It is conveniently situated just a stroll away from Minnetonka High School, highly-rated eateries, and a plethora of shopping options. Every detail has been meticulously attended to, from the flawless interior design to the carefully manicured, partially private lot. This property offers a harmonious blend of seclusion and accessibility, making it the perfect place to call home.

Property Details

Property Features

Property Information:

  • Year Built: 2024
  • Living Area: 2,150 SqFt

Listing Office:

  • Office Name: Lakewest Realty, LLC

Interior Features

Interior Information:

  • Basement: Yes
  • Fireplace: Gas

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 2
  • Total Bedroom Count: 3

Exterior Features

Parking Information:

  • Garage Space: 3 spaces
  • Parking: Asphalt

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Minnetonka High School, Public District Grades 9-12
  • Minnetonka Middle School West, Public District Grades 6-8
  • Clear Springs Elementary, Public District Grades KG-5

Other

Directions Information:

  • Directions: Hwy 7 west, Left on County Rd 101, left onto Excelsior Blvd, right onto Spring Lane

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,685,000
  • Price Per SqFt: $784/SqFt

Tax Information:

  • Annual Amount: $3,863
  • Tax Year: 2020
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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

5324 Spring Ln vs Minnetonka

371 DAYS ON ROCKET

+343 Days

$1,685,000

+$1.1M More

$784/SqFt

+$568 More

KEY TAKEAWAY

This property is $1.1M more than the Median Sold Price and $568/SqFt more than other homes in Minnetonka, MN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NORTHSTAR
  • MLS Number: #6453807

Listing Office:

  • Office Name: Lakewest Realty, LLC

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Last updated on: 11/5/2024, 9:22:48 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Dec 03, 2019Home Sold
$299,000

Tax History

YEARPROP. TAXASSESSMENT
2020$3,863$236,000
2019$2,763$161,700
2018$2,216$129,300
2017$1,300$75,000

History based on county public records data.

Payment Calculator

$8,477

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,118

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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-2033088
8
/10

  • Clear Springs Elementary

  • 5701 Hwy 101

  • 0.59 miles

  • Public District Grades KG-5

Middle School

school-card-donut-2033089
9
/10

  • Minnetonka Middle School West

  • 6421 Hazeltine Blvd

  • 4.09 miles

  • Public District Grades 6-8

High School

school-card-donut-2033090
10
/10

  • Minnetonka High School

  • 18301 Highway 7

  • 0.46 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 $75,097. Most Minnetonka, MN residents have annual incomes between $35k-100k. Most families are single, 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 5324 Spring Ln

What is the listing price of this property?

The listing price of 5324 Spring Ln property is $1,685,000.

What type of property is this?

The property 5324 Spring Ln is a house located in Minnetonka, Minnesota, 55345.

Is this property for sale now?

Active Listing: 5324 Spring 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 5324 Spring Ln are:
Clear Springs Elementary: GreatSchools Rating 8/10
Minnetonka Middle School West: GreatSchools Rating 9/10
Minnetonka High School: GreatSchools Rating 10/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $3,863 (source: MLS/based on county public records data).

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

The last sale was on December 3, 2019 for $299,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 5324 Spring Ln has 3 bedrooms and 2 full and 1 half bathrooms.

What is the square footage of this property?

The property 5324 Spring Ln is 2,150 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5324 Spring Ln is 2024.

Rocket Homes›Minnesota›Hennepin County›Minnetonka›55345›5324 Spring Ln

This home is located at 5324 Spring Ln in Minnetonka, MN and zip code 55345. This 2,150 square foot home was built in 2024. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since October 30, 2023 and is currently priced at $1,685,000.

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 number of listings in Minnetonka, MN increased by 11.3% between September 2024 and October 2024. In October 2024 median list price was $496,725 and the average listing age was 28 days.

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

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