Situated on over an acre of beautiful property, this one-of-a-kind home offers a layout and style that stands out in all the right ways. The main home features an updated 1 bedroom (could easily be 2 beds with an addition of 1 wall), 1 bathroom design with a warm, inviting feel and a screened porch perfect for relaxing and enjoying the peaceful surroundings. What really makes this property special is the breezeway that connects the home to an oversized 2-car garage—topped with a full living quarters above. This additional space includes its own bathroom, kitchen, vaulted ceilings, and laundry setup, making it ideal for guests, extended family, or even a private retreat. Recent updates include fresh paint, new flooring, modern light fixtures, and brand-new appliances—so you can move right in and start enjoying everything this property has to offer.
Homes like this don’t come around often, especially in this price range. If you appreciate character, flexibility, and a setting that gives you room to breathe, this could be the perfect fit. Details include: 1.14 acres, septic is certified and ready, 1bed home (easily could be 2 as it was prior), 2 baths total with one full in home and one 3/4 above garage in finished living space.
Closed
$325,000
4985 71st Ln N, Loretto, MN 55357
1beds
920sqft
Single Family
Built in 1985
1.14 Acres Lot
$324,600 Zestimate®
$353/sqft
$1,650 Estimated rent
Home value
$324,600
$302,000 - $347,000
$1,650/mo
Zestimate® history
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$2,067/mo
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Zillow last checked:
Listing updated:
Listed by:
The Derrick Monroe Group 612-282-7653,
Lakes Area Realty G.V.
Bought with:
Butcher Real Estate Team
Edina Realty, Inc.
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7065755
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 2
- Full bathrooms: 1
- 3/4 bathrooms: 1
Bedroom
- Level: Main
- Area: 168 Square Feet
- Dimensions: 14x12
Foyer
- Level: Main
- Area: 132 Square Feet
- Dimensions: 12x11
Garage
- Level: Main
- Area: 676 Square Feet
- Dimensions: 26x26
Kitchen
- Level: Main
- Area: 210 Square Feet
- Dimensions: 15x14
Laundry
- Level: Main
- Area: 96 Square Feet
- Dimensions: 12x8
Living room
- Level: Main
- Area: 625 Square Feet
- Dimensions: 25x25
Screened porch
- Level: Main
- Area: 77 Square Feet
- Dimensions: 11x7
Heating
- Ductless Mini-Split
Cooling
- Ductless Mini-Split
Appliances
- Included: Dishwasher, Dryer, Range, Refrigerator, Washer, Water Softener Owned
- Laundry: Laundry Room
Features
- Basement: None
- Has fireplace: No
Interior area
- Total structure area: 920
- Total interior livable area: 920 sqft
- Finished area above ground: 920
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: Detached Garage, Gravel, Heated Garage
- Garage spaces: 2
- Details: Garage Dimensions (26x26)
Accessibility
- Accessibility features: None
Features
- Levels: One
- Stories: 1
- Patio & porch: Patio
Lot
- Size: 1.14 Acres
- Dimensions: 140 x 365
- Features: Tree Coverage - Medium
- Topography: Gently Rolling,Level
Details
- Foundation area: 920
- Parcel number: 2511924410008
- Zoning description: Residential-Single Family
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family
Materials
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1985
Utilities & green energy
- Electric: Circuit Breakers
- Gas: Other
- Sewer: Septic System Compliant - Yes
- Water: Well
Community & neighborhood
Location
- Region: Loretto
- Subdivision: Loretto Estates
HOA & financial
HOA
- Has HOA: No
Other
Other facts
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 5/29/2026 | Sold | $325,000+18.2%$353/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #7065755 Report a problem | ||
| 5/12/2026 | Pending sale | $274,900$299/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7065755 Report a problem | ||
| 5/1/2026 | Listed for sale | $274,900+329.5%$299/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7065755 Report a problem | ||
| 5/1/1984 | Sold | $64,000$70/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,809 -3.7% | $306,100 +5.2% |
| 2024 | $3,954 +12.1% | $291,000 -5.4% |
| 2023 | $3,528 +8.6% | $307,600 +17.4% |
| 2022 | $3,249 +28.3% | $262,000 +20.2% |
| 2021 | $2,532 -1.2% | $218,000 +9% |
| 2020 | $2,562 +1.2% | $200,000 +4.7% |
| 2019 | $2,532 -1.2% | $191,000 +15.8% |
| 2018 | $2,562 +40.3% | $165,000 +16.2% |
| 2017 | $1,827 +5.2% | $142,000 +6.8% |
| 2016 | $1,737 +5.6% | $133,000 |
| 2015 | $1,645 -2.1% | $133,000 +9.9% |
| 2014 | $1,681 +1.5% | $121,000 -7.6% |
| 2013 | $1,656 +2.3% | $131,000 -5.1% |
| 2012 | $1,619 -11.9% | $138,000 -12.7% |
| 2011 | $1,838 +6.7% | $158,000 -3.7% |
| 2010 | $1,723 +3.5% | $164,000 -2.4% |
| 2009 | $1,664 -0.9% | $168,000 +7% |
| 2006 | $1,680 +17.5% | $157,000 +8.7% |
| 2005 | $1,429 +0% | $144,400 +13.7% |
| 2004 | $1,429 +4.7% | $127,000 +10% |
| 2002 | $1,364 -60.6% | $115,500 |
| 2001 | $3,462 | -- |
Find assessor info on the county website
Neighborhood: 55357
Nearby schools
GreatSchools rating
- 4/10Rockford Elementary Arts Magnet SchoolGrades: PK-4Distance: 3.6 mi
- 6/10Rockford Middle SchoolGrades: 5-8Distance: 4.3 mi
- 8/10Rockford High SchoolGrades: 9-12Distance: 3.4 mi
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Estimated market value
$324,600
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Estimated market value
$324,600
- Minnesota
- Hennepin County
- Greenfield
- 55357
- 4985 71st Ln N
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