7 months on rocket

5742 Shady Oak Rd S Unit 6, Minnetonka, MN, 55343

$749,900

Home List Price

$8,905*

Closing Credit

2 Bedrooms
1 Full Bath
2,317 SqFt
$324/SqFt
Townhouse

Location

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5742 Shady Oak Rd S Unit 6, Minnetonka$749,900

Buyer Closing Credits

$8,905*

1.25% Loan Amount

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Property Highlights

Home TypeTownhouse
ParkingAssigned, Attached Garage, Asphalt, Garage Door Opener
Attached Garage2 spaces
Year BuiltNew Const., 2023
HeatingForced Air
CoolingCentral Air
BasementYes
MLS #6504867
StatusActive

About 5742 Shady Oak Rd S Unit 6

Spectacular Brand-New Minnetonka Condo/Townhome Hybrid! A private 2 car garage and no common walls separates this well-designed condo style from all others. The semi-private elevator serves just 4 residences. No long hallways and a generous sized flex room for storage, exercise room, woodworking, etc. for the ultimate maint. free lifestyle. Walkable to restaurants, shops and the popular Lone Lake Park featuring 8 pickle ball courts, tennis courts and extensive walking trails. This fantastic location provides quick access to 169, Crosstown 62 and 494 making drive times to downtown, the airport etc. as convenient as it gets. Seller will buy down the rate on a 7-6 ARM to 4.99% (rate on 9.14.24) Rates vary daily. Also, Seller will contribute 36 months of the current HOA monthy reserve funding amount to Buyers HOA account at closing ($11,124), saving $309 per month in HOA fees for 3 years! Photos/Tour are from similar unit. See supplements for floorplans, prices and monthly payment example.

Property Details

Property Features

Property Information:

  • Year Built: 2023
  • Living Area: 2,317 SqFt

Listing Office:

  • Office Name: Gatehouse Properties LTD

Interior Features

Interior Information:

  • Appliances: Cooktop, Dishwasher, Disposal, Dryer, Exhaust Fan, Gas Water Heater, Microwave, Range, Refrigerator, Washer
  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Exterior Features

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: Yes
  • Parking: Assigned, Attached Garage, Asphalt, Garage Door Opener

Lot Features

Lot Information:

  • Lot: Some Trees, Underground Utilities, Zero Lot Line

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: 62 Crosstown to Shady Oak Rd, North to site

Price Information

Listing Price Info

Price Summary:

  • List Price: $749,900
  • Price Per SqFt: $324/SqFt

HOA Fees:

  • Amount: $789
  • Frequency: Monthly
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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

5742 Shady Oak Rd S Unit 6 vs Minnetonka

228 DAYS ON ROCKET

+200 Days

$749,900

+$253.1K More

$324/SqFt

+$108 More

KEY TAKEAWAY

This property is $253.1K more than the Median Sold Price and $108/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: #6504867

Listing Office:

  • Office Name: Gatehouse Properties LTD

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Last updated on: 11/5/2024, 8:22:47 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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$4,599

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

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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-2097469
3
/10

  • Gatewood Elementary

  • 14900 Gatewood Dr

  • 2.14 miles

  • Public District Grades KG-6

High School

school-card-donut-2097470
5
/10

  • Hopkins West Junior High

  • 3830 Baker Rd

  • 2.54 miles

  • Public District Grades 7-9

school-card-donut-2097471
6
/10

  • Hopkins High School

  • 2400 Lindbergh Dr

  • 4.03 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 $99,750. Typical income of Minnetonka, MN residents is between $35k-100k annually. Typical family type is single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5742 Shady Oak Rd S Unit 6

What is the listing price of this property?

The listing price of 5742 Shady Oak Rd S Unit 6 property is $749,900.

What type of property is this?

The property 5742 Shady Oak Rd S Unit 6 is a townhouse located in Minnetonka, Minnesota, 55343.

Is this property for sale now?

Active Listing: 5742 Shady Oak Rd S Unit 6 is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 5742 Shady Oak Rd S Unit 6 are:
Gatewood Elementary: GreatSchools Rating 3/10
Hopkins West Junior High: GreatSchools Rating 5/10
Hopkins High School: GreatSchools Rating 6/10

How many bedrooms and bathrooms does this property have?

The property at 5742 Shady Oak Rd S Unit 6 has 2 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 5742 Shady Oak Rd S Unit 6 is 2,317 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5742 Shady Oak Rd S Unit 6 is 2023.

Rocket Homes›Minnesota›Hennepin County›Minnetonka›55343›5742 Shady Oak Rd S Unit 6

This home is located at 5742 Shady Oak Rd S Unit 6 in Minnetonka, MN and zip code 55343. This 2,317 square foot home was built in 2023. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since March 21, 2024 and is currently priced at $749,900.

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. In October 2024 in Minnetonka, MN there were 11.3% more homes for sale than in September 2024. While the average time on the market in October 2024 was 28 days, the median list price was $496,725.

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

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