Lori Gustafson

14901 Highway 7

Minnetonka, MN
$ 375,000 Beds 3 Baths 1 Sq 1,539
Monthly Estimate* How much can I afford?

Affordable opportunity in Minnetonka! Nestled among mature trees and surrounded by natural beauty, this charming 3-bedroom, 1-bathroom home offers a peaceful setting while remaining conveniently located near transit, shopping, dining, and major commuter routes. Don't let the location fool you—lush landscaping and established trees provide a sense of privacy and tranquility rarely found at this price point. Inside, you'll find a comfortable and functional layout with plenty of potential to make the space your own. Enjoy easy access to parks, trails, and award-winning Minnetonka schools, making this an attractive option for homeowners and investors alike. Whether you're looking for an affordable place to call home or an opportunity to build equity over time, this property offers exceptional value in a highly sought-after community. Conveniently located, affordably priced, and full of potential—14901 Highway 7 is a unique opportunity to own in Minnetonka.

Single Family

  • Price
  • $ 375,000
  • City
  • Minnetonka
  • Bedrooms
  • 3
  • Full Bathrooms
  • 1
  • County
  • HENNEPIN
  • Half Bathrooms
  • 0
  • Area
  • Tonkawood Farms
  • Lot Size
  • 0.58 Acres
  • Zip
  • 55345
  • Sqr Footage
  • 1,539
  • Year Built
  • 1959
  • Taxes
  • $ 3565
  • Style
  • Single Family
  • MLS#
  • 7097501
Listed By: Norse Realty
Data Source: Northstar MLS (NSTAR)

Features

General

Living Area 1539
Sewer City Sewer/Connected
Heating Forced Air
Cooling None
Garage Spaces 1
Year Built 1959
Levels One
Property Subtype Single Family
Tax Year 2024
Accessibility None
County Hennepin
New Construction No
Property Type Residential
HOA No
Contingency None
Subdivision Name Tonkawood Farms
Full Baths 1
Directions From 494,West on Highway 7
City Minnetonka
High School District Hopkins
Zoning Description Residential-Single Family
Lot Size Units Acres
Property Attached Y/N No
Land Lease Y/N No
Tax Annual Amount 3565
Additional Parcels Y/N No
Standard Status Active
Lender Owned No
PostalCity Minnetonka

Interior Features

Basement Partially Finished
Basement (Y/N) Yes
Fireplace Y/N No
Above Grade Finished Area 891
Total Bedrooms 3
Below Grade Finished Area 648
Total Baths 1
Foundation Dimensions 960
Fuel Natural Gas
Garage Square Feet 305

Exterior Features

Parking Features Tuckunder Garage
Water Source City Water/Connected
Lot Size Area 0.58
Building Area Total 1539
Lot Dimensions 200x108
Waterfront Y/N No
Foundation Area 960

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

6/23/2026 Listed $400,000
9/26/2026 7% - $375,000

Property vs Zip Code Average in 55345

Price
AVG $850K
$380K
Taxes
AVG $8,100
$3,565
Year Built
AVG 1980
1959
Visits
AVG 127
290
Data Provided by Inside Real Estate®

In The Neighborhood

Areas That We Cover

14901 Highway 7 Minnetonka, MN is a Single Family Home for sale at $375000 with 1539 sqft and a lot size of 0.58 Acres Acre(s). 14901 Highway 7 Minnetonka has 3 bedrooms, 1 baths and was built in 1959. The property's zip code is 55345 which is in Minnetonka, 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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