Home on Upper Penn Lake with 85' of beautiful lakeshore, offering incredible potential for the right buyer. This 4-bedroom property, with 3 bedrooms on the main level, features hardwood flooring throughout the main level living areas. An informal dining area includes a triple patio door that opens to a spacious deck, providing picturesque lake views. Galley-style kitchen with a window overlooking the lake. The finished lower level offers a bedroom, 3/4 bath, a walkout to a private patio area, a kitchenette, a sunroom with a cozy fireplace, and a family room—ideal for guests or extended family living. While it needs some TLC, the lot and location are unbeatable, conveniently close to shopping, parks, trails, freeways, restaurants, and more. A fantastic opportunity to create your dream lakeside retreat!
Closed
$350,000
8331 Penn Ave S, Bloomington, MN 55431
4beds
2,370sqft
Single Family Residence
Built in 1955
0.29 Acres Lot
$428,000 Zestimate®
$148/sqft
$2,916 Estimated rent
Home value
$428,000
$398,000 - $462,000
$2,916/mo
Zestimate® history
Owner options
List your home for rent
$2,916/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
$2,916/mo
Rent Zestimate®
Refinance and save
$2,207/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$2,207/mo
Est. payment
Explore your selling options
Work with a Zillow partner agent
Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.
Get startedList with your own agent
Get your home in front of millions of buyers by listing it on Zillow.
Learn how to do itSell it yourself
Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).
List your homeWhat's special
Zillow last checked:
Listing updated:
Listed by:
Cheryl Wicklund 612-384-1270,
Edina Realty, Inc.
Bought with:
Scott Rifenberick
Edina Realty, Inc.
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6593004
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 1
- 3/4 bathrooms: 1
Bedroom
- Level: Main
- Area: 161 Square Feet
- Dimensions: 14x11.5
Bedroom 2
- Level: Main
- Area: 115 Square Feet
- Dimensions: 11.5x10
Bedroom 3
- Level: Main
- Area: 110.25 Square Feet
- Dimensions: 10.5x10.5
Bedroom 4
- Level: Lower
- Area: 151.2 Square Feet
- Dimensions: 14x10.8
Exercise room
- Level: Lower
- Area: 72.45 Square Feet
- Dimensions: 11.5x6.3
Family room
- Level: Lower
- Area: 300 Square Feet
- Dimensions: 25x12
Informal dining room
- Level: Main
- Area: 144 Square Feet
- Dimensions: 12x12
Kitchen
- Level: Main
- Area: 80 Square Feet
- Dimensions: 10x8
Kitchen 2nd
- Level: Lower
- Area: 105 Square Feet
- Dimensions: 14x7.5
Laundry
- Level: Lower
- Area: 55 Square Feet
- Dimensions: 10x5.5
Living room
- Level: Main
- Area: 214.5 Square Feet
- Dimensions: 16.5x13
Patio
- Level: Lower
- Area: 255 Square Feet
- Dimensions: 17x15
Sitting room
- Level: Main
- Area: 108 Square Feet
- Dimensions: 12x9
Sun room
- Level: Lower
- Area: 175.5 Square Feet
- Dimensions: 13.5x13
Heating
- Forced Air
Cooling
- None
Appliances
- Included: Dryer, Range, Refrigerator, Washer
- Laundry: In Basement, Laundry Room
Features
- Basement: Block,Finished,Full,Walk-Out Access
- Has fireplace: No
- Fireplace features: Family Room
Interior area
- Total structure area: 2,370
- Total interior livable area: 2,370 sqft
- Finished area above ground: 1,315
- Finished area below ground: 1,055
Property
Parking
- Total spaces: 2
- Parking features: Attached, Asphalt, Concrete, Garage Door Opener
- Attached garage spaces: 2
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Levels: One
- Stories: 1
- Patio & porch: Deck, Patio
- Pool features: None
- Has view: Yes
- View description: Lake
- Has water view: Yes
- Water view: Lake
- Waterfront features: Lake Front, Waterfront Elevation(15-26)
Lot
- Size: 0.29 Acres
- Dimensions: 140 x 85
- Features: Accessible Shoreline
Details
- Foundation area: 1105
- Parcel number: 0402724320052
- Zoning description: Residential-Single Family
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Roof: Age Over 8 Years,Asphalt
Condition
- New construction: No
- Year built: 1955
Utilities & green energy
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & neighborhood
Location
- Region: Bloomington
- Subdivision: Penn Lake Highlands 2nd Add
HOA & financial
HOA
- Has HOA: No
Other
Other facts
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 10/22/2024 | Sold | $350,000-6.7%$148/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6593004 Report a problem | ||
| 8/29/2024 | Listed for sale | $375,000+48.3%$158/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6593004 Report a problem | ||
| 9/13/2004 | Sold | $252,900+7.8%$107/sqft |
Source: Public Record Report a problem | ||
| 5/21/2003 | Sold | $234,695+34.8%$99/sqft |
Source: Public Record Report a problem | ||
| 9/18/2001 | Sold | $174,070+37.1%$73/sqft |
Source: Public Record Report a problem | ||
| 9/14/1998 | Sold | $127,000$54/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,414 +18% | $369,600 -12.7% |
| 2024 | $4,588 +3.2% | $423,500 +10.6% |
| 2023 | $4,448 -1.2% | $382,800 +0.6% |
| 2022 | $4,503 +10.8% | $380,400 +7.2% |
| 2021 | $4,063 +3.4% | $355,000 +8.9% |
| 2020 | $3,928 -3.3% | $326,000 +5.8% |
| 2019 | $4,063 +3.4% | $308,000 +14.5% |
| 2018 | $3,928 +15.6% | $269,100 +17.3% |
| 2017 | $3,398 +15.8% | $229,500 +1.2% |
| 2016 | $2,934 -4% | $226,800 +4.7% |
| 2015 | $3,055 +1.2% | $216,700 +11.2% |
| 2014 | $3,019 +4.6% | $194,900 -3.9% |
| 2013 | $2,885 +6.7% | $202,800 +0% |
| 2012 | $2,705 +4.9% | $202,700 +1.2% |
| 2011 | $2,578 -5.7% | $200,200 -11.8% |
| 2010 | $2,735 -4.5% | $226,900 -6.1% |
| 2009 | $2,863 +5.1% | $241,600 +1.5% |
| 2006 | $2,724 +8.8% | $238,000 +12.8% |
| 2005 | $2,503 +9.3% | $211,000 +15% |
| 2004 | $2,290 +13% | $183,500 +12% |
| 2002 | $2,027 -34.1% | $163,900 |
| 2001 | $3,074 | -- |
Find assessor info on the county website
Neighborhood: 55431
Nearby schools
GreatSchools rating
- 5/10Washburn Elementary SchoolGrades: PK-5Distance: 0.5 mi
- 4/10Valley View Middle SchoolGrades: 6-8Distance: 2 mi
- 3/10Kennedy Senior High SchoolGrades: 9-12Distance: 2.3 mi
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$428,000
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$428,000
- Minnesota
- Hennepin County
- Bloomington
- 55431
- 8331 Penn Ave S
Nearby cities
Nearby zip codes
Other Bloomington Topics
