4 months on rocket

5438 Fairlawn Shores Trl SE, Prior Lake, MN, 55372

$1,475,000

Home List Price

$10,000*

Closing Credit

4 Bedrooms
2 Full Baths
2,642 SqFt
$558/SqFt
House

Location

Image provided by Mapbox

Get An Agent. Get A Mortgage.

Save BIG.

Rocket Homes logo

5438 Fairlawn Shores Trl SE, Prior Lake$1,475,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

Rocket Homes logo

Still Have Questions? Contact Us.

Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeSingle Family Residence
ParkingAttached Garage, Asphalt
Attached Garage2 spaces
Year Built1977
HeatingForced Air
CoolingCentral Air
BasementYes
WaterfrontLake Front
FireplaceBrick, Gas, Insert, Living Room, Other
ViewOther, Lake, Panoramic
MLS #6559351
StatusActive

About 5438 Fairlawn Shores Trl SE

Experience lovely sunsets, family beach time, bonfires, boating, fishing, skiing, family time on the water, catching someone’s first sunny (or big bass) off the dock, entertaining friends on the 4th of July, and watching the seasons change over one of the most spectacular open water views Prior Lake has to offer. The gentle slope of the lot invites you to visit the lake frequently. A generous lot depth and width (70 feet) invites future expansion or merely enjoying grassy spaciousness around the existing home. Once inside you'll experience the quality custom craftmanship of a recently renovated kitchen with thermal-enameled white cabinetry, under-mount lighting, Beko stainless steel appliances, granite and Brazilian quartzite countertops, maple hardwood island and range hood, and red oak hardwood floors. The kitchen opens to a vaulted great room with cedar beams, gas fireplace and a wall of windows exposing breathtaking lake views and sandy beach. A sun porch, showcasing panoramic lake views, main floor bedroom, full bath and office round out the ground floor. Though more dated, the upper floor features two spacious bedrooms, generous closets and a full bath. The lower-level walkout includes recreational space, a bedroom/office and a three-quarter bath. A jumbo insulated garage with epoxy floor easily accommodates a full-size truck and SUV, plus winter storage for up to a 20 foot boat/trailer or other lake toys. Experience Lakefront living at its finest on .30 of an acre in Prior Lake!

Property Details

Property Features

Property Information:

  • Year Built: 1977
  • Living Area: 2,642 SqFt

Listing Office:

  • Office Name: Edina Realty, Inc.

Interior Features

Interior Information:

  • Appliances: Dishwasher, Disposal, Dryer, Exhaust Fan, Gas Water Heater, Range, Refrigerator, Washer, Water Softener
  • Basement: Yes
  • Fireplace: Brick, Gas, Insert, Living Room, Other

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

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

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: Yes
  • Parking: Attached Garage, Asphalt

Virtual/3D Tour

  • 3D Tour: 5438 Fairlawn Shores Trl SE
3D Tour

Lot Features

Lot Information:

  • Lot: Accessible Shoreline, Few Trees

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: Central Air

Other

Directions Information:

  • Directions: Highway 13 South to 150th St. SE to Fairlawn Shores Trail SE, turn Right to home.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,475,000
  • Price Per SqFt: $558/SqFt

Tax Information:

  • Annual Amount: $10,534
  • Tax Year: 2021
House and calculator

What can I afford?

Understand what home price range makes sense for your budget.

Housing Market Comparison

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

Map thumbnail provided by MapBox

Prior Lake, MN

City

Med. Sold Price

$513K

Med. Price/SqFt

$198

Avg. Days On Market

47

# of Sold Homes

47

5438 Fairlawn Shores Trl SE vs Prior Lake

141 DAYS ON ROCKET

+94 Days

$1,475,000

+$962K More

$558/SqFt

+$359 More

KEY TAKEAWAY

This property is $962K more than the Median Sold Price and $359/SqFt more 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: #6559351

Listing Office:

  • Office Name: Edina Realty, Inc.

IDX Broker Reciprocity Copyright © 2024 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved.

By searching, you agree to the EULA Terms Agreement.

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some or all of the property listings above may have been submitted to the Regional Multiple Listing Service (RMLS) by the listing broker for distribution to cooperating brokers through Broker reciprocity. Attribution of the listing broker may be found on the detail page for all properties. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.

Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited. No part of this search utility may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise. Home sale information is not an appraisal, competitive or comparative market analysis, CMA or home valuation.

DMCA Notice
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/21/2024, 11:52:47 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$10,534$916,100
2019$10,146$767,600
2018$9,764$715,700
2017$10,114$711,700

History based on county public records data.

Payment Calculator

$7,429

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,489

Powered By

Rocket Mortgage

Advertisement

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.

Nearby Schools

school-card-donut-526081
7
/10

  • WestWood Elementary School

  • 5370 Westwood Dr SE

  • 0.99 miles

  • Public District Grades KG-5

school-card-donut-526082
6
/10

  • La Ola del Lago at Grainwood

  • 5061 Minnesota St SE

  • 1.30 miles

  • Public District Grades KG-5

school-card-donut-526083
8
/10

  • Jeffers Pond Elementary School

  • 14800 Jeffers Pass NW

  • 1.56 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $108,402. Typical income of Prior Lake, MN residents is between $100k-200k annually. The most common type of family is married, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5438 Fairlawn Shores Trl SE

What is the listing price of this property?

The listing price of 5438 Fairlawn Shores Trl SE property is $1,475,000.

What type of property is this?

The property 5438 Fairlawn Shores Trl SE is a house located in Prior Lake, Minnesota, 55372.

Is this property for sale now?

Active Listing: 5438 Fairlawn Shores Trl SE is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $10,534 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 5438 Fairlawn Shores Trl SE has 4 bedrooms and 3 bathrooms.

What is the square footage of this property?

The property 5438 Fairlawn Shores Trl SE is 2,642 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5438 Fairlawn Shores Trl SE is 1977.

Rocket Homes›Minnesota›Scott County›Prior Lake›55372›5438 Fairlawn Shores Trl SE

This home is located at 5438 Fairlawn Shores Trl SE in Prior Lake, MN and zip code 55372. This 2,642 square foot home was built in 1977. Features: 4 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since July 03, 2024 and is currently priced at $1,475,000.

In October 2024 more than 12 listings in Prior Lake, MN were sold above the asking price. During the same period more than 13 listings were sold at asking price, while more than 22 were sold below. Between September 2024 and October 2024, Prior Lake, MN real estate market has seen decrease in the number of listings by 4.6%. In October 2024 median list price was $513,000 and the average listing age was 47 days.

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

More Resources