Lori Gustafson

5201 Balmoral Lane

Minneapolis, MN
$ 235,000 Beds 3 Baths 2 Sq 1,312
Monthly Estimate* How much can I afford?

Sharp, sharp 3 BR, 2 Bath, one level condo with all the living on the ground level. This home is in move-in condition. Seller has had all the ceilings and walls professionally painted and has updated the flooring throughout the unit. This home includes the laundry in the unit. Look at all that has been updated: All ceilings and walls painted. All new flooring, except for laundry room. New floors in the two bathrooms and a new bathtub in the full bath. Kitchen has a new floor and the kitchen cabinets have been re-stained. Light and bright location with the western and southern sunshine. Informal dining in the kitchen, which has access to the patio, plus a formal dining room. The living room has a decorative F/P and a door out to the patio. Spacious primary bedroom has a walk-in closet and 3/4 bathroom. This spacious and lovely 3 bedroom home is ready for you to move into.

Single Family

  • Price
  • $ 235,000
  • City
  • Minneapolis
  • Bedrooms
  • 3
  • Full Bathrooms
  • 2
  • County
  • HENNEPIN
  • Half Bathrooms
  • 0
  • Area
  • Manor Homes Of Norman
  • Lot Size
  • Zip
  • 55437
  • Sqr Footage
  • 1,312
  • Year Built
  • 1981
  • Taxes
  • $ 2949
  • Style
  • (CC) Manor/Village
  • MLS#
  • 7066314
Listed By: Twin Oaks Realty, Inc
Data Source: Northstar MLS (NSTAR)

Features

General

Living Area 1312
Sewer City Sewer/Connected
Heating Forced Air
Cooling Central Air
Roof Age 8 Years or Less,Asphalt
Appliances Dishwasher,Dryer,Gas Water Heater,Microwave,Range,Refrigerator,Washer
HOA Fee 637
Garage Spaces 1
Association Fee Includes Building Exterior,Hazard Insurance,Lawn Care,Maintenance Grounds,Professional Mgmt,Sanitation,Sewer,Snow Removal,Water
Construction Materials Block
Year Built 1981
Electric Circuit Breakers,100 Amp Service
Levels One
Property Subtype (CC) Manor/Village
Tax Year 2026
Accessibility No Stairs External,No Stairs Internal
Assoc Fee Paid Per Monthly
County Hennepin
New Construction No
Property Type Residential
Association Amenities In-Ground Sprinkler System
HOA Yes
Contingency None
Subdivision Name Manor Homes Of Norman
Full Baths 1
Directions Old Shakopee Road to Rich Road,north to Toledo,left to Balmoral to home
City Bloomington
Association Name First Service Residential
High School District Bloomington
Zoning Description Residential-Single Family
Lot Size Units Acres
Property Attached Y/N Yes
Land Lease Y/N No
Tax Annual Amount 2949
Additional Parcels Y/N No
Standard Status Active
Lender Owned No
Amenities Unit Kitchen Window,Local Area Network,Main Floor Primary Bedroom,Patio,In-Ground Sprinkler,Washer/Dryer Hookup,Walk-In Closet
PostalCity Minneapolis

Interior Features

Basement None
Fireplace Features Decorative
Basement (Y/N) No
Fireplace Y/N No
Above Grade Finished Area 1312
3/4 Baths 1
Laundry Features Electric Dryer Hookup,Laundry Room,Main Level,In Unit,Washer Hookup
Total Bedrooms 3
Total Baths 2
Bath Desc Main Floor 3/4 Bath,Main Floor Full Bath
Dining Room Description Eat In Kitchen,Separate/Formal Dining Room
Fuel Natural Gas
Garage Square Feet 273

Exterior Features

Fencing None
Parking Features Attached Garage,Asphalt,Garage Door Opener,Guest Parking
Lot Features Public Transit (w/in 6 blks),Tree Coverage - Light
Water Source City Water/Connected
Building Area Total 1312
Lot Dimensions Common
Waterfront Y/N No
Foundation Area 1312
Road Frontage Type City Street
Road Responsibility Public Maintained Road

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Faribault, MN office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

5/4/2026 Listed $258,900
5/10/2026 4% - $249,900
6/8/2026 5% - $239,900
8/4/2026 3% - $235,000

Property vs Zip Code Average in 55437

Price
AVG $410K
$240K
Taxes
AVG $4,909
$2,949
Year Built
AVG 1971
1981
Visits
AVG 72
24
Data Provided by Inside Real Estate®

Areas That We Cover

5201 Balmoral Lane Minneapolis, MN is a Single Family Home for sale at $235000 with 1312 sqft and a lot size of Acre(s). 5201 Balmoral Lane Minneapolis has 3 bedrooms, 2 baths and was built in 1981. The property's zip code is 55437 which is in Minneapolis, MN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Lori Gustafson

Lori Gustafson

Broker Associate/Sales Agent

507-323-4348

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