Property Overview: 59 Mcnulty Cove, Minnetonka
Key Characteristics & Appeal
This 1981-built home on a generous 9,290 sqft lot offers 1,930 sqft of living space. Its primary appeal lies in its strong positional value within the broader market. While the home is fairly typical for its immediate street in terms of size and assessed value, it stands out significantly when viewed in a wider context. Compared to both the broader Minnetonka area and the entire city, the property ranks well above average for lot size, living area, and assessed value. This suggests a solid, established property in a desirable neighbourhood.
The home would suit practical buyers who value space and location over a brand-new build. It’s ideal for someone looking for a established community with room to grow or garden, and who understands that a home from the early 80s may present some renovation opportunities. The data indicates this property is a stronger-than-average asset for the city, making it a sensible choice for a long-term holder or a buyer willing to update a home to modern standards over time.
Frequently Asked Questions
1. How does this home really compare to others nearby?
While it’s middle-of-the-road on its own street, this property is larger and sits on a bigger lot than most homes in Minnetonka and the wider city. Its assessed value is also consistently higher than area and city averages, indicating perceived stability and desirability.
2. What should I consider about the home’s age?
Built in 1981, the home is newer than the average city property but is one of the older homes on Mcnulty Cove. Buyers should budget for potential updates to major systems like roofing, windows, or HVAC that are typical for a home of this vintage.
3. What does the sold price history indicate?
The property sold for an estimated $750k-$800k in 2021, a price that ranked in the top 4% for the area and top 2% city-wide at that time. This past premium sale reinforces the property's strong market position.
4. Is the lot size a significant feature?
Yes. At over 9,200 sqft, the lot is larger than approximately 92% of city properties. This offers valuable outdoor space, privacy, and potential that is increasingly rare, especially in established neighbourhoods.
5. How can I get the exact historical sold prices?
The precise sale figures are not publicly listed online. You can request them directly via the email link provided on the listing page; the service aims to provide the accurate data manually by the end of the same day.