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5501 Mayview Rd, Minnetonka, MN, 55345

$499,900

Home List Price

$5,936*

Closing Credit

2 Bedrooms
1 Full Bath
1,831 SqFt
$273/SqFt
House

Location

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5501 Mayview Rd, Minnetonka$499,900

Buyer Closing Credits

$5,936*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDetached
Garage3 spaces
Year Built1940
HeatingForced Air
CoolingCentral Air
BasementYes
WaterfrontLake
MLS #6612238
StatusActive

About 5501 Mayview Rd

Lake views of Glen Lake, EZ access to 494/62, 1.37 acre lot, renovation, tear down, possible lot split, 3 car detached garage. Lender owned, verify all information. Contract for deed terms available.

Property Details

Property Features

Property Information:

  • Year Built: 1940
  • Living Area: 1,831 SqFt

Listing Office:

  • Office Name: Edina Realty, Inc.

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Waterfront: Lake

Parking Information:

  • Garage Space: 3 spaces
  • Attached Garage: No
  • Parking: Detached

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Hopkins West Junior High, Public District Grades 7-9
  • Hopkins High School, Public District Grades 10-12
  • Gatewood Elementary, Public District Grades KG-6

Other

Directions Information:

  • Directions: Baker Rd to South Street to 5501 Mayview Rd

Price Information

Listing Price Info

Price Summary:

  • List Price: $499,900
  • Price Per SqFt: $273/SqFt

Tax Information:

  • Annual Amount: $3,886
  • 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

5501 Mayview Rd vs Minnetonka

30 DAYS ON ROCKET

+2 Days

$499,900

+$3.1K More

$273/SqFt

+$57 More

KEY TAKEAWAY

This property is $3.1K more than the Median Sold Price and $57/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: #6612238

Listing Office:

  • Office Name: Edina Realty, Inc.

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Last updated on: 11/5/2024, 10:22:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$3,886$320,900
2019$3,802$289,324
2018$3,604$276,462
2017$3,593$265,453

History based on county public records data.

Payment Calculator

$2,562

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,565

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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-2066545
3
/10

  • Gatewood Elementary

  • 14900 Gatewood Dr

  • 0.98 miles

  • Public District Grades KG-6

High School

school-card-donut-2066546
5
/10

  • Hopkins West Junior High

  • 3830 Baker Rd

  • 2.00 miles

  • Public District Grades 7-9

school-card-donut-2066547
6
/10

  • Hopkins High School

  • 2400 Lindbergh Dr

  • 4.20 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 $78,289. The majority of Minnetonka, MN residents have income between $35k-100k annually. Typical family type is single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5501 Mayview Rd

What is the listing price of this property?

The listing price of 5501 Mayview Rd property is $499,900.

What type of property is this?

The property 5501 Mayview Rd is a house located in Minnetonka, Minnesota, 55345.

Is this property for sale now?

Active Listing: 5501 Mayview Rd is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 5501 Mayview Rd are:
Gatewood Elementary: GreatSchools Rating 3/10
Hopkins West Junior High: GreatSchools Rating 5/10
Hopkins High School: GreatSchools Rating 6/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $3,886 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 5501 Mayview Rd has 2 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 5501 Mayview Rd is 1,831 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5501 Mayview Rd is 1940.

Rocket Homes›Minnesota›Hennepin County›Minnetonka›55345›5501 Mayview Rd

This home is located at 5501 Mayview Rd in Minnetonka, MN and zip code 55345 in the Beautiful Avondale neighborhood. This 1,831 square foot home was built in 1940. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since October 05, 2024 and is currently priced at $499,900.

Minnetonka, MN housing market in October 2024 saw over 17 listings sold above listed price, more than 15 sold at listed price and over 31 sold below. The inventory of homes for sale in Minnetonka, MN between September 2024 and October 2024 increased by 11.3%. The median list price of listings available in October 2024 was $496,725, while the average time on the real estate market was 28 days.

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

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