Welcome to this well-cared-for home on a sprawling 2.5-acre property in Prior Lake's Spring Lake Township. Nestled within a picturesque setting, this property offers a wonderful opportunity to enjoy the tranquility of nature while still being conveniently close to downtown Prior Lake. With apple, pear, and cherry trees gracing the landscape, you'll have a taste of nature's bounty right in your backyard. The flexible layout includes a mother-in-law suite, perfect for extended family or potential rental income. While the home is solid and has a newer roof, a few updates will allow you to make it your own and create lasting memories. Located in the sought-after Prior Lake school district, this property offers tremendous potential and is a fantastic opportunity for those seeking a peaceful retreat.
Closed
$430,000
18051 Panama Ave, Prior Lake, MN 55372
4beds
1,946sqft
Single Family Residence
Built in 1980
2.5 Acres Lot
$496,600 Zestimate®
$221/sqft
$3,390 Estimated rent
Home value
$496,600
$472,000 - $526,000
$3,390/mo
Zestimate® history
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$2,651/mo
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Est. payment
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Mother-in-law suiteNewer roof
Zillow last checked:
Listing updated:
Listed by:
Andrea N Kraft 952-454-7110,
Engel & Volkers Prior Lake
Bought with:
Lucy Kuchinka
Weichert, REALTORS- Heartland
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6397198
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 1
- 3/4 bathrooms: 1
- 1/2 bathrooms: 1
Bedroom
- Level: Upper
- Area: 143 Square Feet
- Dimensions: 13x11
Bedroom 2
- Level: Upper
- Area: 120 Square Feet
- Dimensions: 12x10
Bedroom 3
- Level: Upper
- Area: 182 Square Feet
- Dimensions: 14x13
Bedroom 4
- Level: Lower
- Area: 187 Square Feet
- Dimensions: 17x11
Family room
- Level: Upper
- Area: 247 Square Feet
- Dimensions: 19x13
Family room
- Level: Lower
- Area: 180 Square Feet
- Dimensions: 15x12
Kitchen
- Level: Upper
- Area: 140 Square Feet
- Dimensions: 14x10
Kitchen 2nd
- Level: Lower
- Area: 104 Square Feet
- Dimensions: 13x8
Living room
- Level: Upper
- Area: 228 Square Feet
- Dimensions: 19x12
Heating
- Baseboard
Cooling
- Wall Unit(s)
Appliances
- Included: Dishwasher, Dryer, Microwave, Range, Refrigerator
Features
- Basement: Finished,Walk-Out Access
- Number of fireplaces: 2
Interior area
- Total structure area: 1,946
- Total interior livable area: 1,946 sqft
- Finished area above ground: 1,400
- Finished area below ground: 546
Property
Parking
- Total spaces: 2
- Parking features: Tuckunder Garage
- Attached garage spaces: 2
- Details: Garage Dimensions (26x26)
Accessibility
- Accessibility features: None
Features
- Levels: Multi/Split
Lot
- Size: 2.5 Acres
- Dimensions: 408 x 292 x 526 x 184
Details
- Foundation area: 1378
- Parcel number: 119140300
- Zoning description: Residential-Single Family
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Condition
- New construction: No
- Year built: 1980
Utilities & green energy
- Gas: Natural Gas
- Sewer: Private Sewer
- Water: Well
Community & HOA
HOA
- Has HOA: No
Location
- Region: Prior Lake
Financial & listing details
- Price per square foot: $221/sqft
- Tax assessed value: $468,700
- Annual tax amount: $3,246
- Date on market: 7/12/2023
- Cumulative days on market: 18 days
Price history
| Date | Event | Price |
|---|---|---|
| 8/18/2023 | Sold | $430,000+7.5%$221/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6397198 Report a problem | ||
| 7/17/2023 | Pending sale | $400,000$206/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6397198 Report a problem | ||
| 7/12/2023 | Listed for sale | $400,000-3.6%$206/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6397198 Report a problem | ||
| 6/30/2023 | Listing removed | -- |
Source: NorthstarMLS as distributed by MLS GRID #6388834 Report a problem | ||
| 6/17/2023 | Listed for sale | $415,000$213/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6388834 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,504 +5.7% | $468,700 +3.4% |
| 2024 | $3,314 +1.5% | $453,100 +11.8% |
| 2023 | $3,266 +9.1% | $405,300 -1.2% |
| 2022 | $2,994 +1.7% | $410,400 +29.1% |
| 2021 | $2,944 -3.9% | $317,900 +3.4% |
| 2020 | $3,062 | $307,300 |
| 2019 | $3,062 -6.1% | $307,300 |
| 2018 | $3,262 +28.3% | -- |
| 2016 | $2,542 | -- |
| 2014 | $2,542 | -- |
| 2013 | -- | $193,400 |
| 2012 | -- | $193,400 -9.1% |
| 2011 | $2,492 +1.4% | $212,700 -16.8% |
| 2010 | $2,458 -3.1% | $255,800 -6.1% |
| 2009 | $2,536 +1.5% | $272,400 |
| 2008 | $2,498 +13.1% | -- |
| 2007 | $2,208 +7.4% | -- |
| 2006 | $2,056 +12.6% | -- |
| 2005 | $1,826 +10.8% | -- |
| 2004 | $1,648 +7.3% | -- |
| 2003 | $1,536 +31.3% | -- |
| 2002 | $1,170 -28.6% | -- |
| 2001 | $1,638 | -- |
Find assessor info on the county website
Neighborhood: 55372
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Nearby schools
GreatSchools rating
- 7/10Five Hawks Elementary SchoolGrades: K-5Distance: 1.4 mi
- 8/10Hidden Oaks Middle SchoolGrades: 6-8Distance: 2.8 mi
- 9/10Prior Lake High SchoolGrades: 9-12Distance: 4.1 mi
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Estimated market value
$496,600
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Estimated market value
$496,600
- Minnesota
- Scott County
- Prior Lake
- 55372
- 18051 Panama Ave
Nearby cities
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