NOT LISTED FOR SALE

16556 Spring Ave SW Prior Lake, MN 55372

Estimated Value: $395,000 - $427,000

3 Beds
2 Baths
2,109 Sq Ft
$196/Sq Ft Est. Value

Last Sold January 03, 2024

Last sale price $370,000 $175 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $2,487/month

28 Days on Market

Highlights

  • 24,742 Sq Ft lot
  • Family Room with Fireplace
  • Game Room
  • Hidden Oaks Middle School Rated A-
  • No HOA
  • Stainless Steel Appliances

About This Home

As of January 2024

Welcome to this 3-bed, 2-bath gem in the highly sought-after Prior Lake location. With a perfect blend of modern comforts and classic charm, this home offers a warm and inviting atmosphere for your family. Step inside to find a spacious family room and living room, perfect for both relaxation and entertainment by the fire. The wrap-around deck offers serene views of the surrounding nature, ideal for morning coffee or evening gatherings. Movie nights are a breeze in the dedicated theater room, ensuring hours of family fun. The eat-in kitchen with dining area is a chef's dream, featuring ample counter space, modern appliances, and plenty of natural light. This prime location puts you just a stone's throw away from beautiful Prior Lake, offering water activities and scenic beauty. Enjoy convenient access to nearby restaurants, shopping, and all the amenities you desire. Don't miss this rare opportunity to make this house your forever home in the heart of Prior Lake!

Last Agent to Sell the Property

Shane Korn

Keller Williams Preferred Rlty Listed on: 11/09/2023

Keller Williams Preferred Rlty

Co-Listed By

Monique Korn

Keller Williams Preferred Rlty

Last Buyer's Agent

Bruce & Sue Wolf

Edina Realty, Inc.

Edina Realty, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,544

Year Built

  • Built in 1968

Lot Details

  • 0.57 Acre Lot
  • Lot Dimensions are 150x177x131x174
  • Property has an invisible fence for dogs

Parking

  • 2 Car Attached Garage
  • Heated Garage
  • Tuck Under Garage
  • Garage Door Opener

Interior Spaces

  • 1-Story Property
  • Wood Burning Fireplace
  • Family Room with Fireplace
  • 2 Fireplaces
  • Living Room
  • Game Room
  • Storage Room
  • Utility Room

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • The kitchen features windows

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Finished Basement

  • Basement Fills Entire Space Under The House
  • Basement Storage
  • Natural lighting in basement

Utilities

  • Forced Air Heating and Cooling System
  • Humidifier
  • Baseboard Heating

Community Details

  • No Home Owners Association
  • Green Heights 1St Add Subdivision

Listing and Financial Details

  • Assessor Parcel Number 251020090

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,544

Year Built

Built in 1968

Lot Details

0

Parking

2

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: Central Air
  • Garage Spaces: 2
  • Accessibility Features: None
  • Fireplaces: 2
  • Water Source: City Water/Connected
  • Year Built: 1968
  • Above Grade Finished Sq Ft: 1609
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Basement: Block, Daylight/Lookout Windows, Finished, Full, Storage Space
  • Appliances: Dishwasher, Dryer, Humidifier, Gas Water Heater, Microwave, Range, Refrigerator, Stainless Steel Appliances, Washer, Water Softener Owned
  • Fireplace Features: Family Room, Other, Wood Burning
  • Living Area: 2109
  • Fireplace: Yes
  • Below Grade Finished Sq Ft: 500
  • Basement YN: Yes
  • Dining Room Type: Bedroom 1, Bedroom 2, Bedroom 3, Living Room, Kitchen, Dining Room, Sun Room, Amusement Room, Storage, Utility Room

Beds/Baths

  • Full Bathrooms: 2
  • Total Bedrooms: 3

Exterior Features

  • Roof: Age 8 Years or Less, Asphalt
  • PoolFeatures: None
  • Fencing: Invisible
  • Other Structures: Storage Shed
  • ConstructionMaterialsDesc: Block
  • PatioPorchType: Deck,Wrap Around

Garage/Parking

  • Parking Features: Attached Garage, Asphalt, Garage Door Opener, Heated Garage, Tuckunder Garage
  • Garage Square Feet: 650

Utilities

  • Heating: Baseboard, Forced Air
  • Sewer: City Sewer/Connected
  • Fuel: Electric,Natural Gas

Condo/Co-op/Association

  • Association: No
  • Amenities Unit: Ceiling Fan(s),Deck,Kitchen Center Island,Kitchen Window,Main Floor Primary Bedroom,Panoramic View,In-Ground Sprinkler,Washer/Dryer Hookup

Schools

  • Junior High Dist: Prior Lake-Savage Area Schools
  • SchoolDistrictNumber: 719
  • SchoolDistrictPhone: 952-226-0000

Lot Info

  • PropertyAttachedYN: No
  • Lot Size: 150x177x131x174
  • Lot Size Sq Ft: 24742.08
  • Land Lease: No
  • Lot Features: Many Trees
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Brick/Stone, Wood Siding

Tax Info

  • Tax Year: 2023
  • Assessor Parcel Number: 251020090
  • Tax Annual Amount: 3544
  • TaxWithAssessments: 3544.0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 24, 2025
Sold by
Schneiderhan Erin and Olevson Erin
Bought by
Olevson Brenden D and Olevson Erin N
Current Estimated Value
$413,465

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$302,000
Outstanding Balance
$298,942
Interest Rate
6.65%
Mortgage Type
New Conventional
Estimated Equity
$114,523

Purchase Details

Listed on
Nov 9, 2023
Closed on
Dec 29, 2023
Sold by
Netland Sebastian and Netland Alexandra
Bought by
Olevson Brenden and Schneiderhan Erin
Seller's Agent
Shane Korn
Keller Williams Preferred Rlty
Buyer's Agent
Bruce & Sue Wolf
Edina Realty, Inc.
List Price
$389,900
Sold Price
$370,000
Premium/Discount to List
-$19,900
-5.1%
Views
481

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.63%
Original Mortgage
$296,000
Interest Rate
7.44%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 12, 2020
Sold by
Gigstad Paul R and Estate Of Allan Carson Gigstad
Bought by
Netland Sebastian Michael and Netland Alexandra Jean

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$319,200
Interest Rate
2.7%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Olevson Brenden D $500 Edina Realty Title
Olevson Brenden $370,000 --
Netland Sebastian Michael $336,000 Minnesota Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Olevson Brenden D $302,000
Previous Owner Olevson Brenden $296,000
Previous Owner Netland Sebastian Michael $319,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/03/2024 01/03/24 Sold $370,000 -1.3% $175 / Sq Ft
12/09/2023 12/09/23 Pending -- -- --
11/29/2023 11/29/23 Price Changed $375,000 -3.8% $178 / Sq Ft
11/11/2023 11/11/23 For Sale $389,900 -- $185 / Sq Ft
Source: NorthstarMLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $3,542 $379,800 $203,600 $176,200
2024 $3,464 $370,100 $193,900 $176,200
2023 $3,544 $345,700 $181,200 $164,500
2022 $3,242 $364,000 $181,200 $182,800
2021 $3,170 $289,000 $144,000 $145,000
2020 $3,146 $277,800 $136,000 $141,800
2019 $2,784 $265,600 $126,000 $139,600
2018 $2,812 $0 $0 $0
2016 $2,350 $0 $0 $0
2014 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6457325

NorthstarMLS

APN: 25-102-009-0