9 days on rocket

20940 Ivy Ln, Shorewood, MN, 55331

$595,000

Home List Price

$7,066*

Closing Credit

3 Bedrooms
2 Full Baths
2,144 SqFt
$278/SqFt
House
Schools Nearby

Location

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20940 Ivy Ln, Shorewood$595,000

Buyer Closing Credits

$7,066*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDetached, Gravel
Garage2 spaces
Year Built1920
HeatingForced Air
CoolingCentral Air
BasementYes
WaterfrontDock, Lake Front, Lake
ViewLake, Panoramic
MLS #6521110
StatusActive

About 20940 Ivy Ln

Scenic Lake William charmer! Truly a one-of-a-kind property boasting loads of character throughout; not only the 2-story home, but the lot as well, with spectacular views of Lake William. A very private lot with lake shore and dock, makes for an ideal retreat within the city. The home is tucked in amongst abundant terraced boulder walls and features a wonderful farmhouse kitchen, amazing lakeside great room, library (flex room), sunroom and 2 main level bedrooms. Private upper-level primary bedroom with full bath. Unfinished basement with plenty of storage. 2019 built garage with 12 ft ceilings allows for vehicle hoist(s), expanding current 2 car to a 3 or 4 vehicle garage. Would also make an outstanding new build lot.

Property Details

Property Features

Property Information:

  • Year Built: 1920
  • Living Area: 2,144 SqFt

Listing Office:

  • Office Name: Coldwell Banker Realty

Interior Features

Interior Information:

  • Appliances: Dishwasher, Dryer, Range, Refrigerator, Trash Compactor, Washer
  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Waterfront: Dock, Lake Front, Lake
  • View: Lake, Panoramic

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: No
  • Parking: Detached, Gravel

Lot Features

Lot Information:

  • Lot: Accessible Shoreline, Some Trees

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Minnetonka High School, Public District Grades 9-12
  • Minnetonka Middle School East, Public District Grades 6-8
  • Deephaven Elementary, Public District Grades KG-5

Other

Directions Information:

  • Directions: From Hwy 7 go north on Vine Hill Rd, then left on Excelsior Blvd, right on St. Albans Rd, right on Woodland Pl, then right on Forest Dr, left on Rustic Way, left on Ivy Lane and it's the first home on the right

Price Information

Listing Price Info

Price Summary:

  • List Price: $595,000
  • Price Per SqFt: $278/SqFt

Tax Information:

  • Annual Amount: $4,382
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Shorewood, MN.

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Shorewood, MN

City

Med. Sold Price

$729.6K

Med. Price/SqFt

$239

Avg. Days On Market

64

# of Sold Homes

11

20940 Ivy Ln vs Shorewood

9 DAYS ON ROCKET

-55 Days

$595,000

-$134.6K Less

$278/SqFt

+$39 More

KEY TAKEAWAY

This property is $134.6K less than the Median Sold Price and $39/SqFt more than other homes in Shorewood, MN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NORTHSTAR
  • MLS Number: #6521110

Listing Office:

  • Office Name: Coldwell Banker Realty

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Property Sales & Tax

Listing History

Oct 31, 2019Home Sold
$354,000

Tax History

YEARPROP. TAXASSESSMENT
2020$4,382$341,000
2019$4,417$325,730
2018$3,765$274,500
2017$3,829$279,950

History based on county public records data.

Payment Calculator

$3,037

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,850

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-6278987
9
/10

  • Deephaven Elementary

  • 4452 Vinehill Rd

  • 1.19 miles

  • Public District Grades KG-5

Middle School

school-card-donut-6278988
7
/10

  • Minnetonka Middle School East

  • 17000 Lake Street Ext

  • 2.60 miles

  • Public District Grades 6-8

High School

school-card-donut-6278989
8
/10

  • Minnetonka High School

  • 18301 Highway 7

  • 1.73 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $93,750. The majority of Shorewood, MN residents have income between $35k-100k annually. Residents typically live in married, no kids family. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 20940 Ivy Ln

What is the listing price of this property?

The listing price of 20940 Ivy Ln property is $595,000.

What type of property is this?

The property 20940 Ivy Ln is a house located in Shorewood, Minnesota, 55331.

Is this property for sale now?

Active Listing: 20940 Ivy Ln is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 20940 Ivy Ln are:
Deephaven Elementary: GreatSchools Rating 9/10
Minnetonka Middle School East: GreatSchools Rating 7/10
Minnetonka High School: GreatSchools Rating 8/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $4,382 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on October 31, 2019 for $354,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 20940 Ivy Ln has 3 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 20940 Ivy Ln is 2,144 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 20940 Ivy Ln is 1920.

Rocket Homes›Minnesota›Hennepin County›Shorewood›55331›20940 Ivy Ln

This home is located at 20940 Ivy Ln in Shorewood, MN and zip code 55331 in the Minnetonka Manor neighborhood. This 2,144 square foot home was built in 1920. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since April 25, 2024 and is currently priced at $595,000.

In April 2024, from all listings sold in Shorewood, MN there were more than 3 sold above asking price, over 6 sold below and more than 2 were sold right at the asked price. Between March 2024 and April 2024, Shorewood, MN real estate market has seen increase in the number of listings by 23.2%. While the average time on the market in April 2024 was 64 days, the median list price was $729,647.

From Rocket Homes Real Estate and based on county public records data.

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