$895,000
- 5 Beds
- 3.5 Baths
- 2,896 Sq Ft
16610 Cottage Grove Ave, Wayzata, MN 55391
Lee Finlay Modern Times Real Estate
Frequently Asked Questions Why Live in Libbs Lake
Is Libbs Lake a good place to live?
Libbs Lake is a good place to live. Libbs Lake is considered very car-dependent and somewhat bikeable. Libbs Lake is a neighborhood with a crime score of 1, making it safer than the average neighborhood in the U.S. Libbs Lake has 2 parks for recreational activities. It has a median age of 45. The average household income is $155,846 which is above the national average. College graduates make up 54.8% of residents. A majority of residents in Libbs Lake are home owners, with 7.6% of residents renting and 92.4% of residents owning their home. A local real estate agent serving Libbs Lake can help you decide if this neighborhood is the right one for you. Learn more on our Libbs Lake neighborhood guide.
Is Libbs Lake, MN a safe neighborhood?
Libbs Lake, MN is safer than the average neighborhood in the United States. It received a crime score of 1 out of 10.
How much do you need to make to afford a house in Libbs Lake?
The median home price in Libbs Lake is $368,250. If you put a 20% down payment of $73,600 and had a 30-year fixed mortgage with an interest rate of 6.72%, your estimated principal and interest payment would be $1,910 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $82K a year to afford the median home price in Libbs Lake. The average household income in Libbs Lake is $156K.
What are the best public schools in Libbs Lake?
The best public schools that serve Libbs Lake are:
- Minnetonka Senior High School has an A+ Niche grade, a student teacher ratio of 19:1 and an average review score of 4.2.
- Groveland Elementary School has an A Niche grade, a student teacher ratio of 14:1 and an average review score of 4.0.
- Minnetonka East Middle School has an A Niche grade, a student teacher ratio of 16:1 and an average review score of 3.7.
What are the best private schools in Libbs Lake?
The best private schools that serve Libbs Lake are:
- St Bartholomew Catholic School has a student teacher ratio of 14:1.
- St. Therese School has a student teacher ratio of 7:1.
- Minnetonka Christian Academy has a student teacher ratio of 16:1.
What are the most popular zip codes in Libbs Lake, Minnetonka, MN?
What are the most popular neighborhoods near Libbs Lake, Minnetonka, MN?
The most popular neighborhoods near Libbs Lake, Minnetonka, MN are Groveland, Tonkawood, Spring Lake, Minnetonka Mills and Sparrow.
