Property Overview
63 Nicollet Avenue is a well-established home in Minnetonka, built in 1976. Its standout feature is its generous living space of 1,980 sq ft, which ranks it in the top 3% of homes on its street and well above average for both the neighborhood and the wider city. The lot size of 5,564 sq ft is typical for the street but smaller than many lots in the broader Minnetonka area. With an assessed value of $439,000, it sits above average city-wide and aligns with the local market. The home last sold for an estimated $350k–$400k in 2018.
Key Characteristics & Appeal
The primary appeal of this property is space. It offers significantly more interior square footage than most comparable homes in its immediate vicinity, providing room to grow or for comfortable living without the footprint of a much larger lot. This creates an efficient use of land that may appeal to those wanting ample indoor space with less yard maintenance. Its assessed value suggests it is a substantial asset in its market segment.
This home would suit a buyer looking for a established, roomy property in a mature neighborhood. It’s ideal for someone who prioritizes interior space over a sprawling yard and values a home that stands out in its local context for its size relative to its peers. It may also attract value-conscious buyers seeking a property with above-average characteristics within its price tier.
Frequently Asked Questions
1. How does the home’s living area compare to nearby properties?
At 1,980 sq ft, the living area is notably larger than average. It ranks first out of 37 homes on Nicollet Avenue, where the average is about 1,249 sq ft.
2. What is the property’s assessed value and tax implication?
The current assessed value is $439,000. This is above the city-wide average for comparable homes, which is around $390,000. Property taxes would be based on this assessment and the local mill rate.
3. Is the lot size a disadvantage?
The lot is average for the street but below the average lot size for the wider Minnetonka area. This could be a consideration if extensive outdoor space or future expansions like a large addition or pool are important. However, it also means less yard upkeep.
4. When was it last sold and for how much?
The home was last sold in 2018. Public data indicates a sale price range of $350,000 to $400,000. For the exact sale price, you can request the information directly via the listing page.
5. How does the year built affect this home?
Built in 1976, the home is 50 years old. This is typical for the area, meaning buyers should expect the maintenance and potential update needs common to homes of this era, while also benefiting from a well-established neighborhood character.