2 months on rocket

25480 Smithtown Rd, Shorewood, MN, 55331

$1,300,000

Land
Schools Nearby

Location

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Property Highlights

Home TypeOther
MLS #6487418
StatusActive

About 25480 Smithtown Rd

Introducing an incredible opportunity to develop a prime parcel of land. This is a dream come true for developers and builders seeking the perfect canvas to bring their vision to life. 2.5 acre property with in minutes of Excelsior. Award winning, Minnetonka schools, specifically near Lake Minnetonka and on the bike path, which can be highly desirable for a residential development. Lake Minnetonka bike trail lines the entire property and also adds to the appeal, as it provides easy access for outdoor enthusiasts and promotes a healthy and active lifestyle. 5-minute bike ride into the city of Excelsior! Crescent beach for water activities is right down the road. 25560 Smithtown is part of the sale.

Property Details

Property Features

Listing Office:

  • Office Name: Trenary Realty Group

School Info

Assigned Schools Information:

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

Other

Directions Information:

  • Directions: 19 to Smithtown to home right off Eureka

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,300,000

Tax Information:

  • Annual Amount: $5,184
  • Tax Year: 2020
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Housing Market Comparison

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

Med. Sold Price

$729.6K

Med. Price/SqFt

$239

Avg. Days On Market

64

# of Sold Homes

11

25480 Smithtown Rd vs Shorewood

81 DAYS ON ROCKET

+17 Days

$1,300,000

+$570.3K More

KEY TAKEAWAY

This property is $570.3K more than the Median Sold Price in Shorewood, MN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NORTHSTAR
  • MLS Number: #6487418

Listing Office:

  • Office Name: Trenary Realty Group

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Property Sales & Tax

Listing History

Jun 27, 2018Home Sold
$350,000

Tax History

YEARPROP. TAXASSESSMENT
2020$5,184$358,000
2019$4,763$351,890
2018$4,764$349,710
2017$4,582$336,630

History based on county public records data.

Payment Calculator

$6,556

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,964

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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-4683181
8
/10
  • Minnewashta Elementary

  • 26350 Smithtown Rd

  • 0.62 miles

  • Public District Grades KG-5

Middle School

school-card-donut-4683182
7
/10
  • Minnetonka Middle School West

  • 6421 Hazeltine Blvd

  • 1.52 miles

  • Public District Grades 6-8

High School

school-card-donut-4683183
8
/10
  • Minnetonka High School

  • 18301 Highway 7

  • 4.55 miles

  • Public District Grades 9-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $100,424. The majority of Shorewood, MN residents have income between $35k-100k annually. The majority of families are married, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 25480 Smithtown Rd

What is the listing price of this property?

The listing price of 25480 Smithtown Rd property is $1,300,000.

What type of property is this?

The property 25480 Smithtown Rd is land located in Shorewood, Minnesota, 55331.

Is this property for sale now?

Active Listing: 25480 Smithtown Rd is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 25480 Smithtown Rd are:
Minnewashta Elementary: GreatSchools Rating 8/10
Minnetonka Middle School West: 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 $5,184 (source: MLS/based on county public records data).

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

The last sale was on June 27, 2018 for $350,000. (source: MLS/tax record).
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Rocket HomesMinnesotaHennepin CountyShorewood5533125480 Smithtown Rd

This home is located at 25480 Smithtown Rd in Shorewood, MN and zip code 55331. It has been listed on Rocket Homes since February 10, 2024 and is currently priced at $1,300,000.

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. The number of listings in Shorewood, MN increased by 23.2% between March 2024 and April 2024. Listings spent 64 days on the market in April 2024, and had a median list price of $729,647 during the same period.

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

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