Property Overview
76 Greendell Avenue presents a distinct value proposition centered on its generous lot. The home itself is a 1,056 sqft bungalow built in 1946, making it notably older and more compact than most homes on its street and in the wider Minnetonka area. Its assessed value is also below local averages. The primary asset is the 16,655 sqft lot, which ranks in the top 4% of the neighbourhood and top 2% city-wide for size. This creates a scenario where the land value is a significant driver, potentially offering future opportunity.
The appeal here lies in the substantial outdoor space, offering privacy and room for gardens, play, or expansion, which is rare for the city. It suits a practical buyer who values land over a large or modern house—think renovators, builders, or those seeking a quiet, spacious retreat within the city. It’s a property where vision could unlock value, appealing to someone comfortable with an older home's character and potential maintenance, in exchange for a premium lot.
Frequently Asked Questions
1. Why is the assessed value relatively low compared to the city-wide average?
The assessed value reflects the home's older age, smaller living area, and its specific local market in Minnetonka. The city-wide average includes many newer, larger, or differently located homes. The valuation is likely weighted more on the existing structure than the potential of the large lot.
2. What does the "Elite" ranking for Land Area actually mean?
It means this property's lot size is larger than approximately 96% of homes in Minnetonka and 98% of homes across the entire city. This is its most standout feature and indicates a scarcity value for land of this scale in an urban setting.
3. Given the home's age, what should a buyer be prepared for?
A home built in 1946 may have original plumbing, electrical, and insulation systems. Prospective buyers should budget for a thorough inspection and potential updates to meet modern efficiency and safety standards, which is a typical consideration for houses of this era.
4. How reliable is the sold price range shown from 2021?
The range is based on available public data. For the exact sold price, you can request it via the provided email service. This step ensures accuracy, as some historical price data can be broadly estimated in public records.
5. Is this property a good candidate for a tear-down and rebuild?
While the large lot certainly offers that potential, local zoning bylaws, heritage designations (if any), and development permits would determine feasibility. The existing home's below-average assessed value suggests the land already comprises a major portion of the property's worth, which often aligns with redevelopment interest.