NOT LISTED FOR SALE

5505 Prairie Way SE Prior Lake, MN 55372

Estimated Value: $586,000 - $651,000

4 Beds
2 Baths
2,160 Sq Ft
$285/Sq Ft Est. Value

About This Home

This home is located at 5505 Prairie Way SE, Prior Lake, MN 55372 and is currently estimated at $616,510, approximately $285 per square foot. 5505 Prairie Way SE is a home with nearby schools including Hamilton Ridge Elementary School, Hidden Oaks Middle School, and Twin Oaks Middle School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 12, 2021
Sold by
Key Land Homes Inc
Bought by
Ramola Karen and Ramola Jason
Current Estimated Value
$616,510

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$430,016
Outstanding Balance
$397,330
Interest Rate
2.99%
Mortgage Type
New Conventional
Estimated Equity
$213,274

Purchase Details

Closed on
May 19, 2021
Sold by
Key Land Development Llc
Bought by
Key Land Homes Inc
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

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Quantarium

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Average Value
Not Available
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
Ramola Karen $538,015 Trademark Title Services Inc
Key Land Homes Inc $762,000 Trademark Title Services Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ramola Karen $60,000
Open Ramola Karen $430,016
Source: Public Records

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 $4,800 $501,900 $158,900 $343,000
2024 $4,800 $503,600 $158,900 $344,700
2023 $4,584 $482,100 $151,400 $330,700
2022 $784 $475,700 $147,800 $327,900
2021 $766 $118,000 $118,000 $0
2020 $366 $104,000 $104,000 $0
Source: Public Records

Map

Minnesota Scott County Prior Lake 55372

5505 Prairie Way SE, Prior Lake, MN

This home is located at 5505 Prairie Way SE, Prior Lake, MN 55372 and is currently estimated at $616,510, approximately $285 per square foot. 5505 Prairie Way SE is a home with nearby schools including Hamilton Ridge Elementary School, Hidden Oaks Middle School, and Twin Oaks Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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