$735,000
SOLD JUN 9, 2025

5514 Edgewater Dr Savage, MN 55378

5 Beds
3.5 Baths
3,680 Sq Ft
0.31 Acres

Recently Sold

$200 Per Sq Ft

1% Above List Price

6 Days on Market

Highlights

  • Deck
  • Walk-In Pantry
  • 3 Car Attached Garage
  • Redtail Ridge Elementary School Rated A-
  • The kitchen features windows
  • Forced Air Heating and Cooling System

About This Home

As of June 2025

Former JMS model home! Enjoy the nature picturesque setting that this home is nestled along the Credit River Preserve. Unique details and quality upgrades set this home apart from the others, fantastic floor plan with a walk out lower level. Built to Green Path Energy Standards. Beautiful outdoor kitchen/patio, hot tub, nicely landscaped yard, deck & heated garage. Meticulously maintained by the current owner. Enjoy the many biking and walking paths, convenient to the many community offerings of Savage and Prior Lake. School district 719. Flexible closing & possession.

Last Agent to Sell the Property

David Giblin

RE/MAX Results Listed on: 05/10/2025

RE/MAX Results

Last Buyer's Agent

Tom Fleetham

Compass

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,410

Year Built

  • Built in 2014

Lot Details

  • 0.31 Acre Lot
  • Lot Dimensions are 92x115x83x154

HOA Fees

  • $36 Monthly HOA Fees

Parking

  • 3 Car Attached Garage

Interior Spaces

  • 2-Story Property
  • Stone Fireplace
  • Family Room
  • Living Room with Fireplace

Kitchen

  • Walk-In Pantry
  • Range
  • Microwave
  • Dishwasher
  • Disposal
  • The kitchen features windows

Bedrooms and Bathrooms

  • 5 Bedrooms

Laundry

  • Dryer
  • Washer

Finished Basement

  • Walk-Out Basement
  • Sump Pump
  • Drain

Outdoor Features

  • Deck

Utilities

  • Forced Air Heating and Cooling System
  • Humidifier
  • Cable TV Available

Community Details

  • Association fees include trash
  • Tracewater Association, Phone Number (952) 294-2110
  • Trace Water 2Nd Add Subdivision

Listing and Financial Details

  • Assessor Parcel Number 264390030

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,410

Year Built

Built in 2014

Lot Details

0

HOA Fees

$36 per month

Parking

3

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: Central Air
  • Garage Spaces: 3
  • Accessibility Features: None
  • Fireplaces: 1
  • Water Source: City Water/Connected
  • Fee Frequency: Annually
  • Year Built: 2014
  • Above Grade Finished Sq Ft: 2692
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • InternetOptions: Cable
  • FoundationDimensions: 1160
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Drain Tiled, Finished, Concrete, Sump Pump, Walkout
  • Appliances: Dishwasher, Disposal, Dryer, Exhaust Fan, Humidifier, Microwave, Range, Refrigerator, Washer
  • Fireplace Features: Gas, Living Room, Other, Stone
  • Living Area: 3680
  • Fireplace: Yes
  • Below Grade Finished Sq Ft: 988
  • Basement YN: Yes
  • Dining Room Type: Living Room, Dining Room, Family Room, Kitchen, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Mud Room, Pantry (Walk-In), Kitchen- 2nd, Deck

Beds/Baths

  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Three Quarter Bathrooms: 1

Exterior Features

  • PoolFeatures: None
  • Fencing: None
  • ConstructionMaterialsDesc: Concrete

Garage/Parking

  • Parking Features: Attached Garage
  • Garage Square Feet: 812
  • Garage Door Height: 7

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • Electric: Circuit Breakers
  • Fuel: Natural Gas

Condo/Co-op/Association

  • HOA Fee Includes: Other, Trash
  • Phone: 952-294-2110
  • Association Fee: 430
  • Association: Yes
  • Amenities Unit: Ceiling Fan(s),Deck,Hardwood Floors,Hot Tub,Kitchen Window,Patio,Porch,Security Lights,In-Ground Sprinkler,Washer/Dryer Hookup,Walk-In Closet

Association/Amenities

  • HOA Management Co: Tracewater

Schools

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

Lot Info

  • PropertyAttachedYN: No
  • Lot Size: 92x115x83x154
  • Lot Size Sq Ft: 13503.6
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • AssessmentPending: Unknown
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Brick/Stone, Fiber Board, Vinyl Siding

Tax Info

  • Tax Year: 2025
  • Assessor Parcel Number: 264390030
  • Tax Annual Amount: 7410
  • TaxWithAssessments: 7410.0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 10, 2025
Closed on
Jun 5, 2025
Sold by
Kruse Gregg David and Kruse Cynthia R
Bought by
Noyes Andrew and Noyes Rachel
Seller's Agent
David Giblin
RE/MAX Results
Buyer's Agent
Tom Fleetham
Compass
List Price
$725,000
Sold Price
$735,000
Premium/Discount to List
$10,000
1.38%
Views
8
Current Estimated Value
$729,052

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$5,948
Avg. Annual Appreciation
-2.43%
Original Mortgage
$510,000
Outstanding Balance
$508,678
Interest Rate
6.76%
Mortgage Type
New Conventional
Estimated Equity
$220,374

Purchase Details

Closed on
Mar 10, 2025
Sold by
Kruse Gregg David and Kruse Cynthia Reed
Bought by
Kruse Gregg David

Purchase Details

Closed on
Jun 23, 2017
Sold by
Walz Shane M and Walz Randi J
Bought by
Kruse Gregg and Kruse Cynthia R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,000
Interest Rate
3.95%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 3, 2015
Sold by
Jms Custom Homes Llc
Bought by
Walz Shane M and Walz Randi J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
4.01%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 13, 2013
Sold by
River Credit Llc
Bought by
Homestead Partners Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
4.38%
Mortgage Type
Construction
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 Type Sale Price Title Company
Warranty Deed $735,000 All American Title
Quit Claim Deed -- None Listed On Document
Warranty Deed $530,000 Edina Realty Title Inc
Warranty Deed $540,000 Custom Home Builders Title L
Warranty Deed -- Custom Home Builders Title L
Warranty Deed $150,000 Custom Home Bldrs Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $510,000 New Conventional
Previous Owner $380,000 New Conventional
Previous Owner $417,000 New Conventional
Previous Owner $300,000 Construction
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/09/2025 06/09/25 Sold $735,000 0.0% $200 / Sq Ft
05/19/2025 05/19/25 Pending -- -- --
05/14/2025 05/14/25 Off Market $735,000 -- --
05/13/2025 05/13/25 For Sale $725,000 -- $197 / 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 $7,410 $674,600 $198,100 $476,500
2024 $7,202 $666,600 $196,500 $470,100
2023 $6,956 $649,900 $190,800 $459,100
2022 $6,562 $644,100 $173,500 $470,600
2021 $6,464 $531,300 $130,200 $401,100
2020 $7,292 $507,200 $110,300 $396,900
2019 $7,076 $547,300 $173,600 $373,700
2018 $8,042 $0 $0 $0
2016 $7,692 $0 $0 $0
2014 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6717740

NorthstarMLS

APN: 26-439-003-0