Welcome home to this 2 story, 5 bed, 4 bath home located in Minnetonka's award winning school district. New roof in 2022. The kitchen has newer granite countertops and SS appliances. Main floor bedroom is currently being used as an office. Four bedrooms and a full bath complete the upper level, including a primary suite with 3/4 bath and ample closet space. (3 of the 4 bedrooms have hardwood floors under carpet). Lower level includes a family room with wood burning fireplace, laundry room, mechanical room, and half bath. Beautiful 4 season porch has sliding doors, floor to ceiling windows, and a gas stove for keeping warm on those chilly nights, Step out to the fully screened porch, an ideal space for relaxing and dining while enjoying the peaceful view. This home sits on a large lot with lots of privacy. The property backs up to a wooded area, with a newer paver patio for having fires or just hanging out. Walkable to nearby restaurants and coffee shops. Close to schools, Bennett Park, Ridgedale mall, and highways.
Owner is providing a 1 year Home Warranty including outside sewer line.
Closed
$725,000
3617 Rainbow Dr, Minnetonka, MN 55345
5beds
3,689sqft
Single Family
Built in 1962
0.7 Acres Lot
$722,000 Zestimate®
$197/sqft
$4,975 Estimated rent
Home value
$722,000
$657,000 - $787,000
$4,975/mo
Zestimate® history
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$4,598/mo
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$4,598/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Raymond Quist 612-840-1515,
RE/MAX Results
Bought with:
Kim Pease
Coldwell Banker Realty - Lakes
Marcy L Libby
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6623797
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 1
- 3/4 bathrooms: 1
- 1/2 bathrooms: 2
Bedroom
- Level: Upper
- Area: 176 Square Feet
- Dimensions: 11x16
Bedroom 2
- Level: Upper
- Area: 108 Square Feet
- Dimensions: 9x12
Bedroom 3
- Level: Upper
- Area: 168 Square Feet
- Dimensions: 12x14
Bedroom 4
- Level: Upper
- Area: 182 Square Feet
- Dimensions: 13x14
Bedroom 5
- Level: Main
- Area: 108 Square Feet
- Dimensions: 12x9
Dining room
- Level: Main
- Area: 120 Square Feet
- Dimensions: 10x12
Family room
- Level: Lower
- Area: 576 Square Feet
- Dimensions: 24x24
Other
- Level: Main
- Area: 266 Square Feet
- Dimensions: 19x14
Kitchen
- Level: Main
- Area: 240 Square Feet
- Dimensions: 20x12
Laundry
- Level: Lower
- Area: 99 Square Feet
- Dimensions: 11x9
Living room
- Level: Main
- Area: 325 Square Feet
- Dimensions: 25x13
Screened porch
- Level: Main
- Area: 264 Square Feet
- Dimensions: 24x11
Storage
- Level: Lower
- Area: 299 Square Feet
- Dimensions: 13x23
Heating
- Baseboard, Boiler, Hot Water
Cooling
- Central Air
Appliances
- Included: Cooktop, Dishwasher, Disposal, Double Oven, Dryer, Freezer, Gas Water Heater, Microwave, Refrigerator, Stainless Steel Appliance(s), Wall Oven, Washer, Water Softener Owned
- Laundry: Lower Level
Features
- Basement: Daylight,Finished,Walk-Out Access
- Number of fireplaces: 2
- Fireplace features: Family Room, Living Room, Wood Burning
Interior area
- Total structure area: 3,689
- Total interior livable area: 3,689 sqft
- Finished area above ground: 2,548
- Finished area below ground: 1,141
Property
Parking
- Total spaces: 2
- Parking features: Attached, Concrete, Garage Door Opener
- Attached garage spaces: 2
- Has uncovered spaces: Yes
- Details: Garage Dimensions (24x26), Garage Door Height (7), Garage Door Width (9)
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Patio & porch: Deck, Front Porch, Patio, Screened
Lot
- Size: 0.7 Acres
- Features: Tree Coverage - Medium
Details
- Foundation area: 1141
- Parcel number: 1711722330005
- Zoning description: Residential-Single Family
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family
Materials
- Roof: Age 8 Years or Less
Condition
- New construction: No
- Year built: 1962
Utilities & green energy
- Electric: Circuit Breakers, Power Company: Xcel Energy
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & HOA
Community
- Subdivision: W A Ackermans Groveland Manor
HOA
- Has HOA: No
Location
- Region: Minnetonka
Financial & listing details
- Price per square foot: $197/sqft
- Tax assessed value: $551,800
- Annual tax amount: $6,906
- Date on market: 10/31/2024
- Cumulative days on market: 23 days
Price history
| Date | Event | Price |
|---|---|---|
| 3/31/2025 | Sold | $725,000+3.6%$197/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6623797 Report a problem | ||
| 11/25/2024 | Pending sale | $699,999$190/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6623797 Report a problem | ||
| 11/2/2024 | Listed for sale | $699,999$190/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6623797 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,377 +6.8% | $551,800 +0.4% |
| 2024 | $6,906 +3.9% | $549,400 +1% |
| 2023 | $6,647 +5.6% | $543,700 +3.9% |
| 2022 | $6,292 +2.7% | $523,100 +14.6% |
| 2021 | $6,124 -4.6% | $456,400 +2.5% |
| 2020 | $6,421 +4.8% | $445,400 -0.4% |
| 2019 | $6,124 -4.6% | $447,200 +2.6% |
| 2018 | $6,421 +8.2% | $435,900 +6.3% |
| 2017 | $5,935 -1% | $410,000 -3% |
| 2016 | $5,992 -3.4% | $422,700 +2.9% |
| 2015 | $6,202 +2.3% | $410,600 +12.6% |
| 2014 | $6,060 +9.8% | $364,700 -2.5% |
| 2013 | $5,519 +4.5% | $373,900 -0.4% |
| 2012 | $5,282 +7% | $375,500 +2.1% |
| 2011 | $4,939 +0.3% | $367,900 -8.1% |
| 2010 | $4,924 +1.1% | $400,400 -3.3% |
| 2009 | $4,870 +3.9% | $413,900 +6.3% |
| 2006 | $4,688 +10.5% | $389,500 +15% |
| 2005 | $4,244 +10.1% | $338,700 +15% |
| 2004 | $3,855 +5.4% | $294,600 +12% |
| 2002 | $3,657 -39.3% | $263,100 |
| 2001 | $6,028 | -- |
Find assessor info on the county website
Neighborhood: 55345
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Nearby schools
GreatSchools rating
- 10/10Groveland Elementary SchoolGrades: K-5Distance: 0.3 mi
- 9/10Minnetonka East Middle SchoolGrades: 6-8Distance: 0.6 mi
- 10/10Minnetonka Senior High SchoolGrades: 9-12Distance: 2.1 mi
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Estimated market value
$722,000
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Estimated market value
$722,000
- Minnesota
- Hennepin County
- Minnetonka
- 55345
- 3617 Rainbow Dr
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