13 days on rocket

Sale Pending

5481 Grant Lorenz Rd, Shorewood, MN, 55331

$519,900

Home List Price

$6,174*

Closing Credit

3 Bedrooms
1 Full Bath, 1 Partial
2,390 SqFt
$218/SqFt
House
Schools Nearby

Location

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5481 Grant Lorenz Rd, Shorewood$519,900

Buyer Closing Credits

$6,174*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDetached, Gravel
Garage3 spaces
Year Built1987
HeatingBaseboard, Forced Air
CoolingCentral Air
BasementYes
FireplaceFamily Room, Gas
MLS #6521729
StatusSale Pending
(Pending)

About 5481 Grant Lorenz Rd

Check out this recently updated and refreshed, charming home located close enough to hear the loons from Lake Minnetonka in Shorewood on a private, wooded lot. This beautiful home offers 3BRs, 3BAs, 3+ garage stalls, a large fenced in backyard, new furnace winter of 2019, new roofs on all buildings in Fall of 2020, updates throughout all while being nestled on just under an acre lot. The 4-season porch is a perfect place to sip your morning coffee, read a book or watch the wildlife. This home offer’s location, move in ready and award winning Minnetonka schools. Enjoy easy access to Howards Point Marina, walking and biking trails, grocery stores, schools, fitness centers and more. Only 2 miles to downtown Excelsior, where you will find charming shops, great restaurants and of course Lake Minnetonka. Close to Hwy 7, and major freeways for an easy commute. This one you won't want to miss!!

Property Details

Property Features

Property Information:

  • Year Built: 1987
  • Living Area: 2,390 SqFt

Listing Office:

  • Office Name: Hendrickson Homes Real Estate

Interior Features

Interior Information:

  • Appliances: Cooktop, Dishwasher, Disposal, Dryer, Exhaust Fan, Microwave, Refrigerator, Oven, Washer, Water Softener
  • Basement: Yes
  • Fireplace: Family Room, Gas

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bedroom Count: 3

Exterior Features

Parking Information:

  • Garage Space: 3 spaces
  • Attached Garage: No
  • Parking: Detached, Gravel

Lot Features

Lot Information:

  • Lot: Irregular Lot, Many Trees

Utilities

Utilities Information:

  • Heating: Baseboard, Forced Air
  • Cooling: Central Air

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: Smithtown Road to Grant Lorenz Road.

Price Information

Listing Price Info

Price Summary:

  • List Price: $519,900
  • Price Per SqFt: $218/SqFt

Tax Information:

  • Annual Amount: $6,084
  • 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

5481 Grant Lorenz Rd vs Shorewood

13 DAYS ON ROCKET

-51 Days

$519,900

-$209.7K Less

$218/SqFt

-$21 Less

KEY TAKEAWAY

This property is $209.7K less than the Median Sold Price and $21/SqFt less than other homes in Shorewood, MN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NORTHSTAR
  • MLS Number: #6521729

Listing Office:

  • Office Name: Hendrickson Homes Real Estate

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Last updated on: 5/2/2024, 6:22:33 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Dec 05, 2016Home Sold
$355,000
Feb 22, 2011Home Sold
$318,000

Tax History

YEARPROP. TAXASSESSMENT
2020$6,084$417,000
2019$6,126$409,830
2018$6,015$391,020
2017$5,337$360,715

History based on county public records data.

Payment Calculator

$2,662

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,625

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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-4886564
8
/10

  • Minnewashta Elementary

  • 26350 Smithtown Rd

  • 0.40 miles

  • Public District Grades KG-5

Middle School

school-card-donut-4886565
7
/10

  • Minnetonka Middle School West

  • 6421 Hazeltine Blvd

  • 2.01 miles

  • Public District Grades 6-8

High School

school-card-donut-4886566
8
/10

  • Minnetonka High School

  • 18301 Highway 7

  • 4.97 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 $113,032. Typical income of Shorewood, MN residents is between $35k-100k annually. Most 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 5481 Grant Lorenz Rd

What is the listing price of this property?

The listing price of 5481 Grant Lorenz Rd property is $519,900.

What type of property is this?

The property 5481 Grant Lorenz Rd is a house located in Shorewood, Minnesota, 55331.

Is this property for sale now?

Sale Pending: 5481 Grant Lorenz Rd is Sale Pending (Pending), which means that the seller has accepted an offer but the sale is not finalized.

What are the assigned schools for this property?

The assigned schools for 5481 Grant Lorenz 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 $6,084 (source: MLS/based on county public records data).

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

The last sale was on December 5, 2016 for $355,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 5481 Grant Lorenz Rd has 3 bedrooms and 1 full and 1 half bathrooms.

What is the square footage of this property?

The property 5481 Grant Lorenz Rd is 2,390 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5481 Grant Lorenz Rd is 1987.

Rocket Homes›Minnesota›Hennepin County›Shorewood›55331›5481 Grant Lorenz Rd

This home is located at 5481 Grant Lorenz Rd in Shorewood, MN and zip code 55331. This 2,390 square foot home was built in 1987. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since April 19, 2024 and is currently priced at $519,900.

In April 2024 more than 3 listings in Shorewood, MN were sold above the asking price. During the same period more than 2 listings were sold at asking price, while more than 6 were sold below. The number of homes for sale 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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