This 4-bedroom, 3 full bath home is a solid "as-is" opportunity in an established Minnetonka neighborhood, offering tremendous potential for updates and equity. The main floor features natural hardwood floors, a large living room with a wood fireplace and large picture window. The kitchen was updated with new cabinets and countertops. The main level features 2 bedrooms and a full bath.
The roof is less than 8 years old. Upstairs, the walk-in closets in the bedrooms provide ample storage, and the lower level offers space to potentially add a fifth bedroom or use as a large office space. The three levels have full bathrooms. The fenced backyard is ideal for families, pets or outdoor entertaining. With a functional layout, strong bones, and room to customize, this home is perfect for investors or buyers looking to add personal touches and build value in a highly desireable Minnetonka location.
Closed
$395,000
3521 Elm Ln, Minnetonka, MN 55305
4beds
3,036sqft
Single Family Residence
Built in 1948
0.39 Acres Lot
$592,800 Zestimate®
$130/sqft
$4,388 Estimated rent
Home value
$592,800
$539,000 - $646,000
$4,388/mo
Zestimate® history
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$2,512/mo
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$2,512/mo
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List your homeWhat's special
Wood fireplaceFenced backyardNatural hardwood floorsLarge picture windowNew cabinets and countertopsWalk-in closets
Zillow last checked:
Listing updated:
Listed by:
Jodene Riha 612-799-8350,
Real Broker, LLC,
Caarin Pannkuk-The Property Geeks 651-208-7404
Bought with:
Munasir A Gabeyre
Northstar Real Estate Associates
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6789408
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
Bedroom
- Level: Main
- Area: 180 Square Feet
- Dimensions: 15x12
Bedroom 2
- Level: Main
- Area: 120 Square Feet
- Dimensions: 10x12
Bedroom 3
- Level: Upper
- Area: 240 Square Feet
- Dimensions: 20x12
Bedroom 4
- Level: Upper
- Area: 88 Square Feet
- Dimensions: 8x11
Bathroom
- Level: Main
- Area: 48 Square Feet
- Dimensions: 8x6
Bathroom
- Level: Upper
- Area: 35 Square Feet
- Dimensions: 5x7
Bathroom
- Level: Basement
- Area: 72 Square Feet
- Dimensions: 9x8
Dining room
- Level: Main
- Area: 120 Square Feet
- Dimensions: 12x10
Family room
- Level: Basement
- Area: 396 Square Feet
- Dimensions: 18x22
Foyer
- Level: Main
- Area: 176 Square Feet
- Dimensions: 16x11
Kitchen
- Level: Main
- Area: 324 Square Feet
- Dimensions: 18x18
Living room
- Level: Main
- Area: 400 Square Feet
- Dimensions: 20x20
Office
- Level: Basement
- Area: 110 Square Feet
- Dimensions: 11x10
Utility room
- Level: Basement
- Area: 144 Square Feet
- Dimensions: 24x6
Workshop
- Level: Basement
- Area: 114 Square Feet
- Dimensions: 19x6
Heating
- Gravity
Cooling
- Central Air
Appliances
- Included: Cooktop, Dishwasher, Dryer, Gas Water Heater, Microwave, Refrigerator, Wall Oven, Washer
- Laundry: In Basement, Laundry Room, Washer Hookup
Features
- Basement: Full,Other,Partially Finished,Storage Space
- Number of fireplaces: 1
- Fireplace features: Living Room, Wood Burning
Interior area
- Total structure area: 3,036
- Total interior livable area: 3,036 sqft
- Finished area above ground: 2,020
- Finished area below ground: 1,016
Property
Parking
- Total spaces: 2
- Parking features: Attached, Asphalt
- Attached garage spaces: 2
- Details: Garage Dimensions (24x24), Garage Door Height (8), Garage Door Width (16)
Accessibility
- Accessibility features: None
Features
- Levels: One and One Half
- Stories: 1
- Patio & porch: Deck, Patio
- Pool features: None
- Fencing: Privacy,Wood
Lot
- Size: 0.39 Acres
- Features: Tree Coverage - Light
Details
- Foundation area: 1694
- Parcel number: 1511722410020
- Zoning description: Residential-Single Family
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Block, Concrete, Frame
- Roof: Age 8 Years or Less
Condition
- New construction: No
- Year built: 1948
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: Auditors Sub 353
HOA & financial
HOA
- Has HOA: No
Price history
| Date | Event | Price |
|---|---|---|
| 11/25/2025 | Sold | $395,000-12.2%$130/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6789408 Report a problem | ||
| 10/26/2025 | Pending sale | $450,000$148/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6789408 Report a problem | ||
| 10/19/2025 | Listed for sale | $450,000$148/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6789408 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,997 +3.7% | $506,100 +3% |
| 2024 | $5,781 +5.6% | $491,300 +0.4% |
| 2023 | $5,476 +27% | $489,100 +4.5% |
| 2022 | $4,313 +11.1% | $467,900 +34.5% |
| 2021 | $3,883 -15.2% | $347,900 +13.4% |
| 2020 | $4,578 +17.9% | $306,800 +3.5% |
| 2019 | $3,883 -15.2% | $296,300 +2.7% |
| 2018 | $4,578 +36.2% | $288,400 +14.8% |
| 2017 | $3,363 -14% | $251,300 -5% |
| 2016 | $3,910 -6.9% | $264,400 +2.1% |
| 2015 | $4,198 +2.5% | $258,900 +5.5% |
| 2014 | $4,097 +8.5% | $245,500 +2.7% |
| 2013 | $3,777 -1.9% | $239,000 -6.5% |
| 2012 | $3,851 +17.6% | $255,700 -0.5% |
| 2011 | $3,276 +9.8% | $256,900 |
| 2010 | $2,983 -1% | $256,900 -7% |
| 2009 | $3,012 +1.7% | $276,200 +4.5% |
| 2006 | $2,962 +1.8% | $264,200 +2.4% |
| 2005 | $2,909 +9.5% | $258,100 +15% |
| 2004 | $2,658 +8.7% | $224,500 +12% |
| 2002 | $2,444 -27.9% | $200,500 |
| 2001 | $3,392 | -- |
Find assessor info on the county website
Neighborhood: 55305
Nearby schools
GreatSchools rating
- 2/10Eisenhower Elementary SchoolGrades: PK-5Distance: 1.7 mi
- 5/10Hopkins North Junior High SchoolGrades: 6-8Distance: 1.9 mi
- 8/10Hopkins Senior High SchoolGrades: 9-12Distance: 2 mi
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Estimated market value
$592,800
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Estimated market value
$592,800
- Minnesota
- Hennepin County
- Minnetonka
- 55305
- 3521 Elm Ln
Nearby cities
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