NOT LISTED FOR SALE

7116 Lanham Ln Edina, MN 55439

Prospect Knolls Neighborhood

Estimated Value: $1,077,000 - $1,406,000

6 Beds
4 Baths
4,921 Sq Ft
$247/Sq Ft Est. Value

Last Sold May 31, 2024

Last sale price $1,275,000 $259 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $7,233/month

56 Days on Market

Highlights

  • Main Floor Primary Bedroom
  • 2 Fireplaces
  • Mud Room
  • Creek Valley Elementary School Rated A
  • Sun or Florida Room
  • No HOA

About This Home

As of May 2024

Outstanding Braemar Hills custom built 2-story. This home has been completely remodeled! Fabulous open concept kitchen & family room, main floor sun room, soaring vaults, walls of windows & a main floor bedroom & bathroom! The kitchen feature’s a large center island, beautiful quartz countertops, & stainless steel appliances. Main floor mudroom & laundry. 3 large bedrooms on the second level w/ a primary en-suite. The primary includes its own private sitting room & new Trex deck. All four bathrooms in the home have been beautifully remodeled. Don't miss the playroom in the bedrooms closet. Lower level features a huge amusement room w/ beautiful built-ins, a wet bar/kitchen, 2 large bedrooms, a 3/4 bath, and a flex area that could be used as an exercise room or billiards room. Lower level storage & 2nd laundry. A fully fenced backyard featuring a built-in fireplace, patio, deck, storage shed & green space. This Home will not disappoint. Steps to Lewis Park, Edina schools & shopping.

Last Agent to Sell the Property

Mary Hollway

Hollway Real Estate Listed on: 02/28/2024

Co-Listed By

Linda King

Hollway Real Estate

Last Buyer's Agent

Brady Simon

Keller Williams Classic Rlty NW

Keller Williams Classic Rlty NW

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,782

Year Built

  • Built in 1978

Lot Details

  • 0.31 Acre Lot
  • Lot Dimensions are 100 x 133
  • Property is Fully Fenced
  • Privacy Fence
  • Wood Fence

Parking

  • 3 Car Attached Garage
  • Heated Garage
  • Garage Door Opener

Home Design

  • Flex

Interior Spaces

  • 2-Story Property
  • Wet Bar
  • 2 Fireplaces
  • Gas Fireplace
  • Mud Room
  • Family Room
  • Sitting Room
  • Living Room
  • Dining Room
  • Game Room
  • Sun or Florida Room

Kitchen

  • Built-In Double Oven
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal
  • The kitchen features windows

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Primary Bedroom on Main
  • En-Suite Bathroom

Laundry

  • Dryer
  • Washer

Finished Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump
  • Drain

Eco-Friendly Details

  • Air Exchanger

Utilities

  • Forced Air Heating and Cooling System
  • Gas Water Heater
  • Water Softener is Owned
  • Cable TV Available

Community Details

  • No Home Owners Association
  • M P Johnsons Prospect Hills 3Rd Add Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0811621210071

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,782

Year Built

Built in 1978

Lot Details

0.31 Acres

Parking

3

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: Central Air
  • Garage Spaces: 3
  • Accessibility Features: None
  • Fireplaces: 2
  • Water Source: City Water/Connected
  • Year Built: 1978
  • Above Grade Finished Sq Ft: 3240
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • InternetOptions: Cable
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Drain Tiled, Finished, Full, Sump Pump
  • Appliances: Air-To-Air Exchanger, Dishwasher, Disposal, Double Oven, Dryer, Gas Water Heater, Microwave, Refrigerator, Stainless Steel Appliances, Wall Oven, Washer, Water Softener Owned
  • Fireplace Features: Gas
  • Living Area: 4921
  • Fireplace: Yes
  • Below Grade Finished Sq Ft: 1681
  • Basement YN: Yes
  • Dining Room Type: Living Room, Dining Room, Kitchen, Family Room, Sun Room, Bedroom 1, Mud Room, Bedroom 2, Primary Bathroom, Sitting Room, Bedroom 3, Bedroom 4, Other Room, Amusement Room, Bar/Wet Bar Room, Bedroom 5, Bedroom 6, Flex Room

Beds/Baths

  • Full Bathrooms: 2
  • Total Bedrooms: 6
  • Three Quarter Bathrooms: 2

Exterior Features

  • Roof: Age 8 Years or Less, Asphalt
  • Fencing: Full, Privacy, Wood
  • Other Structures: Storage Shed
  • PatioPorchType: Awning(s),Composite Decking,Deck,Patio

Garage/Parking

  • Parking Features: Attached Garage, Garage Door Opener, Heated Garage

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • Fuel: Natural Gas
  • Power Company: Xcel Energy

Condo/Co-op/Association

  • Association: No
  • Amenities Unit: Ceiling Fan(s),Deck,Hardwood Floors,Kitchen Center Island,Kitchen Window,Primary Bedroom Walk-In Closet,Main Floor Primary Bedroom,Paneled Doors,Sun Room,Tile Floors,Vaulted Ceiling(s),Washer/Dryer Hookup,Walk-In Closet

Schools

  • Junior High Dist: Edina
  • SchoolDistrictPhone: 952-848-3900

Lot Info

  • PropertyAttachedYN: No
  • Lot Size: 100 X 133
  • Lot Size Sq Ft: 13503.6
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Brick/Stone, Fiber Cement

Tax Info

  • Tax Year: 2023
  • Assessor Parcel Number: 0811621210071
  • Tax Annual Amount: 10782
  • TaxWithAssessments: 10782.0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 28, 2024
Closed on
May 29, 2024
Sold by
Desalvatore Erika
Bought by
Royston Hilary and Royston Kimuel
Seller's Agent
Mary Hollway
Hollway Real Estate
Buyer's Agent
Brady Simon
Keller Williams Classic Rlty NW
List Price
$1,399,000
Sold Price
$1,275,000
Premium/Discount to List
-$124,000
-8.86%
Views
86
Current Estimated Value
$1,215,736

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$59,264
Avg. Annual Appreciation
-2.75%
Original Mortgage
$1,147,350
Outstanding Balance
$1,128,078
Interest Rate
6.88%
Mortgage Type
New Conventional
Estimated Equity
$87,658

Purchase Details

Closed on
Dec 9, 2016
Sold by
Riff Joshua and Riff Jennifer
Bought by
Desalvatore Erika

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$480,000
Interest Rate
2.62%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
May 1, 2007
Sold by
Kaplan Martin B and Kaplan Carole A
Bought by
Riff Joshua and Riff Jennifer
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Royston Hilary $1,275,000 Executive Title
Royston Hilary $1,275,000 Executive Title
Desalvatore Erika $600,000 Burnet Title
Riff Joshua $745,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Royston Hilary $1,147,350
Closed Royston Hilary $1,147,350
Previous Owner Desalvatore Erika $480,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/31/2024 05/31/24 Sold $1,275,000 0.0% $259 / Sq Ft
04/26/2024 04/26/24 Pending -- -- --
04/19/2024 04/19/24 Off Market $1,275,000 -- --
04/11/2024 04/11/24 Price Changed $1,349,900 -3.5% $274 / Sq Ft
03/13/2024 03/13/24 For Sale $1,399,000 +9.7% $284 / Sq Ft
03/07/2024 03/07/24 Off Market $1,275,000 -- --
03/01/2024 03/01/24 For Sale $1,399,000 -- $284 / Sq Ft
Source: NorthstarMLS

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
2024 $11,642 $854,300 $399,900 $454,400
2023 $11,092 $853,200 $396,800 $456,400
2022 $10,108 $825,500 $372,000 $453,500
2021 $10,015 $738,300 $319,300 $419,000
2020 $10,231 $730,800 $310,000 $420,800
2019 $10,083 $732,600 $310,000 $422,600
2018 $9,211 $724,400 $300,000 $424,400
2017 $8,238 $585,200 $212,500 $372,700
2016 $8,559 $596,200 $277,100 $319,100
2015 $8,232 $596,200 $277,100 $319,100
2014 -- $596,200 $277,100 $319,100
Source: Public Records

Agents Affiliated with this Home

  • Mary Hollway

    Seller's Agent in 2024

    Mary Hollway

    Hollway Real Estate

    (612) 810-8924

    2 in this area

    111 Total Sales

    Mary Hollway
    Section Image
  • Linda King

    Seller Co-Listing Agent in 2024

    Linda King

    Hollway Real Estate

    (612) 325-2875

    2 in this area

    55 Total Sales

    Linda King
    Section Image

  • B

    Buyer's Agent in 2024

    Brady Simon

    Keller Williams Classic Rlty NW

    (612) 614-4618

    1 in this area

    7 Total Sales

    Brady Simon
    Section Image
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Map

Source: NorthstarMLS

MLS Number: 6495570

NorthstarMLS

APN: 08-116-21-21-0071

Minnesota Hennepin County Edina 55439 Prospect Knolls

7116 Lanham Ln, Edina, MN

Not Listed for Sale

Detached

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Based on information submitted to the MLS GRID

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