Set on a generous lot within the highly regarded Minnetonka School District and serving Groveland Elementary, this property presents an exciting opportunity for buyers seeking an affordable entry point or a site for future redevelopment. The home offers a functional main-level layout highlighted by a Great Room with a classic brick fireplace, creating a warm focal point for everyday living. Three bedrooms are conveniently located on the main level, with a fourth bedroom in the lower level for added flexibility. The open kitchen features two windows overlooking the backyard, providing natural light and a connection to the outdoor space. A lower-level laundry room with utility sink adds practicality, while the two-car garage provides everyday parking and storage. Mechanical updates include a furnace replaced within the past few years and a water softener system already in place. An existing hail claim offers the opportunity for a buyer to install a new roof. Whether you choose to refresh the current home or envision building new, this property offers a solid foundation in a desirable location.
Closed
$480,000
3324 Martha Ln, Minnetonka, MN 55345
4beds
2,797sqft
Single Family
Built in 1958
0.61 Acres Lot
$480,600 Zestimate®
$172/sqft
$3,764 Estimated rent
Home value
$480,600
$447,000 - $519,000
$3,764/mo
Zestimate® history
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Two-car garageGenerous lotNatural light
Zillow last checked:
Listing updated:
Listed by:
Kristi D Weinstock 612-309-8332,
Coldwell Banker Realty
Bought with:
David O Bichanga
RE/MAX Results
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7013465
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 1
- 3/4 bathrooms: 1
Bedroom
- Level: Upper
- Area: 154 Square Feet
- Dimensions: 14x11
Bedroom 2
- Level: Upper
- Area: 121 Square Feet
- Dimensions: 11x11
Bedroom 3
- Level: Upper
- Area: 140 Square Feet
- Dimensions: 14x10
Bedroom 4
- Level: Lower
- Area: 161 Square Feet
- Dimensions: 11.5x14
Other
- Level: Lower
- Area: 161 Square Feet
- Dimensions: 14x11.5
Dining room
- Level: Main
- Area: 210 Square Feet
- Dimensions: 15x14
Great room
- Level: Main
- Area: 475 Square Feet
- Dimensions: 25x19
Kitchen
- Level: Main
- Area: 160 Square Feet
- Dimensions: 16x10
Storage
- Level: Lower
- Area: 192.5 Square Feet
- Dimensions: 17.5x11
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Dishwasher, Dryer, Gas Water Heater, Range, Refrigerator, Washer, Water Softener Owned
- Laundry: In Basement
Features
- Basement: Block,Daylight,Finished,Full,Storage Space,Tile Shower,Walk-Out Access
- Number of fireplaces: 1
- Fireplace features: Family Room, Masonry, Wood Burning
Interior area
- Total structure area: 2,797
- Total interior livable area: 2,797 sqft
- Finished area above ground: 1,502
- Finished area below ground: 604
Property
Parking
- Total spaces: 2
- Parking features: Attached, Asphalt, Garage Door Opener
- Attached garage spaces: 2
- Has uncovered spaces: Yes
- Details: Garage Dimensions (18.8x23.8), Garage Door Height (6), Garage Door Width (16)
Accessibility
- Accessibility features: None
Features
- Levels: Three Level Split
- Patio & porch: Patio
- Pool features: None
- Fencing: None
Lot
- Size: 0.61 Acres
- Dimensions: 179 x 334 x 491 x 649
- Features: Tree Coverage - Medium
Details
- Foundation area: 1295
- Parcel number: 1611722230012
- Zoning description: Residential-Single Family
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family
Materials
- Block, Concrete, Frame
- Roof: Age Over 8 Years,Asphalt,Pitched
Condition
- New construction: No
- Year built: 1958
Utilities & green energy
- Electric: Circuit Breakers, Power Company: Xcel Energy
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & neighborhood
Location
- Region: Minnetonka
- Subdivision: Marthas Wood
HOA & financial
HOA
- Has HOA: No
Price history
| Date | Event | Price |
|---|---|---|
| 4/10/2026 | Sold | $480,000+6.7%$172/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #7013465 Report a problem | ||
| 3/6/2026 | Pending sale | $450,000$161/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7013465 Report a problem | ||
| 3/2/2026 | Listed for sale | $450,000$161/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7013465 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,826 +9.1% | $454,300 +1.2% |
| 2024 | $5,342 +0.7% | $448,800 +4.6% |
| 2023 | $5,305 +3.9% | $429,100 +1.5% |
| 2022 | $5,104 +0.6% | $422,800 +12.9% |
| 2021 | $5,075 -1.7% | $374,500 +0.3% |
| 2020 | $5,162 +1.7% | $373,400 +2.4% |
| 2019 | $5,075 -1.7% | $364,500 +6.7% |
| 2018 | $5,162 +15.1% | $341,600 +12.3% |
| 2017 | $4,483 +3.6% | $304,200 -2.1% |
| 2016 | $4,327 -2.8% | $310,700 +10.1% |
| 2015 | $4,451 +10.6% | $282,200 +8.4% |
| 2014 | $4,023 +8.8% | $260,400 +0.3% |
| 2013 | $3,697 +5.2% | $259,500 +0.2% |
| 2012 | $3,515 +4.5% | $259,000 +0.3% |
| 2011 | $3,363 +2% | $258,300 -6.8% |
| 2010 | $3,298 -3.3% | $277,000 -7% |
| 2009 | $3,409 +4.3% | $298,000 +6.6% |
| 2006 | $3,268 +10.4% | $279,600 +14.3% |
| 2005 | $2,961 +10.4% | $244,700 +15% |
| 2004 | $2,682 +5.9% | $212,800 +12% |
| 2002 | $2,531 -38.7% | $190,000 |
| 2001 | $4,128 | -- |
Find assessor info on the county website
Neighborhood: 55345
Nearby schools
GreatSchools rating
- 10/10Groveland Elementary SchoolGrades: K-5Distance: 0.9 mi
- 9/10Minnetonka East Middle SchoolGrades: 6-8Distance: 1.2 mi
- 10/10Minnetonka Senior High SchoolGrades: 9-12Distance: 2.7 mi
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Estimated market value
$480,600
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Estimated market value
$480,600
- Minnesota
- Hennepin County
- Minnetonka
- 55345
- 3324 Martha Ln
Nearby cities
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Other Minnetonka Topics
