3 months on rocket

5516 Vernon Ave S, Edina, MN, 55436

$792,500

Home List Price

$9,411*

Closing Credit

4 Bedrooms
2 Full Baths
1,860 SqFt
$426/SqFt
House
Schools Nearby

Location

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5516 Vernon Ave S, Edina$792,500

Buyer Closing Credits

$9,411*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingAttached Garage
Attached Garage2 spaces
Year Built1941
HeatingForced Air
CoolingCentral Air
BasementYes
MLS #6476694
StatusActive

About 5516 Vernon Ave S

The value is in the land, home is considered a tear down. Build your showcase dream home on this flat, park-like .87 acres in a prime Edina location. This deep lot allows a marquee homesite set back from Vernon Avenue where you will be close to shopping, restaurants, Edina's award winning schools and all that Edina has to offer! Bring your builder, bring your vision!

Property Details

Property Features

Property Information:

  • Year Built: 1941
  • Living Area: 1,860 SqFt

Listing Office:

  • Office Name: HomeAvenue Inc

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 4

Exterior Features

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: Yes
  • Parking: Attached Garage

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Edina High School, Public District Grades 10-12
  • South View Middle School, Public District Grades 6-9
  • Highlands Elementary, Public District Grades KG-5

Other

Directions Information:

  • Directions: Vernon Ave S just east of Tracy Ave

Price Information

Listing Price Info

Price Summary:

  • List Price: $792,500
  • Price Per SqFt: $426/SqFt

Tax Information:

  • Annual Amount: $6,615
  • Tax Year: 2020
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Housing Market Comparison

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

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Edina, MN

City

Med. Sold Price

$587.7K

Med. Price/SqFt

$250

Avg. Days On Market

38

# of Sold Homes

64

5516 Vernon Ave S vs Edina

107 DAYS ON ROCKET

+69 Days

$792,500

+$204.7K More

$426/SqFt

+$176 More

KEY TAKEAWAY

This property is $204.7K more than the Median Sold Price and $176/SqFt more than other homes in Edina, MN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NORTHSTAR
  • MLS Number: #6476694

Listing Office:

  • Office Name: HomeAvenue Inc

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Last updated on: 4/29/2024, 11:22:16 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$6,615$512,100
2019$6,593$502,800
2018$6,552$501,100
2017$6,466$482,600

History based on county public records data.

Payment Calculator

$4,023

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,442

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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-3077221
7
/10

  • Highlands Elementary

  • 5505 Doncaster Way

  • 0.11 miles

  • Public District Grades KG-5

Middle School

school-card-donut-3077222
6
/10

  • South View Middle School

  • 4725 S View Ln

  • 0.96 miles

  • Public District Grades 6-9

High School

school-card-donut-3077223
8
/10

  • Edina High School

  • 6754 Valley View Rd

  • 2.21 miles

  • Public District Grades 10-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $198,039. Typical income of Edina, MN residents is $200k+ annually. Most families are married, with kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5516 Vernon Ave S

What is the listing price of this property?

The listing price of 5516 Vernon Ave S property is $792,500.

What type of property is this?

The property 5516 Vernon Ave S is a house located in Edina, Minnesota, 55436.

Is this property for sale now?

Active Listing: 5516 Vernon Ave S is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 5516 Vernon Ave S are:
Highlands Elementary: GreatSchools Rating 7/10
South View Middle School: GreatSchools Rating 6/10
Edina 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 $6,615 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 5516 Vernon Ave S has 4 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 5516 Vernon Ave S is 1,860 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5516 Vernon Ave S is 1941.

Rocket Homes›Minnesota›Hennepin County›Edina›55436›5516 Vernon Ave S

This home is located at 5516 Vernon Ave S in Edina, MN and zip code 55436 in the Highlands neighborhood. This 1,860 square foot home was built in 1941. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since January 12, 2024 and is currently priced at $792,500.

Over 21 listings were sold over their listed price in March 2024 in Edina, MN. In the same period over 30 listings were sold below the listed price and 13 listings were sold for the listed price. The inventory of homes for sale in Edina, MN between February 2024 and March 2024 increased by 19.3%. While the average time on the market in March 2024 was 38 days, the median list price was $587,777.

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

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