Property Overview: 68 Nicollet Avenue, Minnetonka

Section 1: Key Characteristics & Appeal

This 1,375 sqft home, built in 1976, sits on a 6,246 sqft lot on Nicollet Avenue. Its primary appeal lies in its strong standing within its immediate neighborhood. The data shows the property consistently outperforms its direct street peers, ranking in the top 30% or better for living area, assessed value, lot size, and year built. This suggests a well-maintained and above-average home for Nicollet Avenue.

The lot size is a particular highlight, ranking 4th largest out of 37 on the street, offering more outdoor space than most neighbors. While its size is more modest compared to the broader Minnetonka area average, it represents an efficient footprint with a balanced indoor-outdoor ratio. The home last sold between $350k-$400k in 2018, and its current assessed value continues to trend above local averages.

This property would suit a buyer looking for a established home in a stable setting, who values being a top-tier property on their specific block rather than necessarily the largest in the wider district. It’s a practical choice for someone who appreciates a generous yard and a home that has held its relative value well against its closest comparables.

Section 2: Frequently Asked Questions

1. What does it mean that the home ranks highly on its street but is "around average" for the wider area?
This indicates the property is a standout on Nicollet Avenue itself. The broader Minnetonka area likely includes a wider variety of neighborhoods and property types, so while the home is competitive, its advantages (like lot size) are most pronounced compared to its immediate neighbors.

2. The assessed value is listed as $44.30k. Is that the property tax value?
Yes, this is the assessed value for municipal tax purposes, not the market value. The previous sold price range ($350k-$400k in 2018) and the context of the comparable averages (around $400k on the street) are better indicators of its potential market worth.

3. As a home from 1976, what should I consider?
Built 50 years ago, this home is newer than many in Winnipeg but is still of an age where core components like the roof, windows, plumbing, and electrical systems may be at or beyond their typical lifespan. A thorough inspection is essential to understand the condition and any upcoming maintenance.

4. How useful is the lot size ranking?
Ranking 4th of 37 for land area on the street is significant. It means more private outdoor space, better potential for additions or landscaping, and possibly more distance from neighbors than is typical for this specific block—a tangible premium in a mature neighborhood.

5. Why is the exact historical sold price not shown publicly?
To ensure accuracy and comply with data regulations, the provider verifies sale prices manually from official records. They offer to provide the exact figure via email as a free service to ensure you have correct information for your decision-making.