Property Overview: 102 Nicollet Avenue, Minnetonka

Key Characteristics & Appeal

This home at 102 Nicollet Avenue is a well-situated property in the Minnetonka neighbourhood, built in 1975. With 1,078 square feet of living space, its size is comfortably average for its immediate street and the wider city, offering a practical layout without being oversized. The lot size of 5,175 sqft is typical for the street but is notably more compact than many other lots in the Minnetonka area, which could mean lower maintenance.

A standout feature is its assessed value of $44,800, which ranks in the top 14% on Nicollet Avenue and above average city-wide. This suggests the property is viewed favorably by assessors relative to its direct peers, potentially due to factors like condition, improvements, or specific location advantages on the street. The home last sold between $350k-$400k in 2017.

This property would suit a buyer looking for a manageable, established home in a mature neighbourhood. Its appeal lies in its relative value strength on its street, its average-sized living space, and the lower upkeep of a standard lot. It’s a pragmatic choice for first-time buyers, downsizers, or investors seeking a property with a solid assessment foundation in a stable area.

Frequently Asked Questions

1. What does the "above average" assessed value ranking mean for me?
It indicates that, according to municipal assessment, this property holds a higher value relative to many of its neighbours on Nicollet Avenue and across the city. This can be a positive sign for underlying equity, but it's important to verify this with a current market appraisal and understand your property tax implications.

2. The lot is smaller than the Minnetonka average. Is that a disadvantage?
It depends on your priorities. A smaller lot typically means less yard work and maintenance, which is a plus for those seeking low upkeep. However, it may offer less privacy or space for large gardens, decks, or expansions compared to other homes in the broader area.

3. How updated is a home built in 1975?
As a 51-year-old home, its condition will depend significantly on updates made over the decades. Key systems like the roof, windows, plumbing, and electrical may have been replaced. A thorough home inspection is essential to understand the state of these components and what immediate or future investments may be needed.

4. Can I find out the exact historical sale price?
The public data shows a sale price range from 2017. The listing indicates that the exact sold price can be requested directly from the site via email, as they manually provide this specific data.

5. The living area is "around average." Is that spacious enough?
At just over 1,000 sqft, it provides a typical footprint for many households. It’s suitable for individuals, couples, or small families. Buyers should consider if the layout efficiently uses the space and aligns with their needs, as the number and size of rooms are more important than the total square footage alone.