29 Woodlawn Avenue

Property Overview & Key Characteristics

This one-storey home at 29 Woodlawn Avenue in Minnetonka presents a compelling opportunity centered on its generous lot and established setting. Its primary appeal lies in the exceptional 14,701 sqft property, which ranks in the top 3% for size on its street. The home itself offers 1,780 sqft of living space, larger than most in the area, and features practical updates like a renovated basement. Additional highlights include both attached and detached garage space and a pool.

The property suits buyers looking for ample outdoor space for family activities, gardening, or future expansion in a mature neighbourhood. Its high assessed value ranking suggests it's considered a premium property in its immediate area. A thoughtful perspective is that while the home was built in 1971, the significant lot size is a permanent asset that cannot be replicated in newer subdivisions, offering long-term value and privacy. It would particularly suit a buyer who values space over a brand-new build, and who may prioritize the potential of the land alongside the convenience of completed renovations.

Frequently Asked Questions

1. How does the age of the home affect its value?
Built in 1971, the home is older than about three-quarters of houses in the neighbourhood. However, this is balanced by the renovated basement and, more significantly, the very large lot size, which is a major contributing factor to its high assessed value ranking.

2. Is the pool a benefit or a liability?
This depends on the buyer. It's a desirable amenity for those seeking recreational space at home. Buyers should factor in maintenance costs, insurance implications, and safety considerations, especially for families with young children.

3. What does the high assessed value ranking mean?
The assessment ranks in the top 2% on the street and top 9% in Minnetonka, indicating the municipal assessor views this as a high-value property compared to its direct peers, likely due to the lot size, living area, and renovations.

4. Who might the dual garage setup (attached + detached) appeal to?
This is ideal for households with multiple vehicles, needing workshop space, or wanting separate storage for tools, hobbies, or a vehicle. It offers significant flexibility that a single garage cannot.

5. How does the last sale price compare to the current assessment?
The home sold for $53,500 in late 2019. The current assessed value is $64,800. This increase reflects market changes and possibly the noted renovations, but the final market value will be determined by current buyer demand.