Lori Gustafson

4418 Ellerdale Road

Minnetonka, MN
$ 575,000 Beds 3 Baths 3 Sq 2,295 Virtual Tour
Monthly Estimate* How much can I afford?

Welcome to this beautifully updated Minnetonka rambler! Offering a bright, functional layout with three bedrooms on the main level, hardwood floors, two fireplaces, and stylish finishes throughout. The remodeled kitchen features contrasting cabinetry, stainless steel appliances, ample counter space, and peninsula seating. The spacious primary suite includes a beautifully updated private bath with soaking tub and separate shower. The lower level adds a large family room, playroom, office/flex space, wet bar, and additional bath, plus generous unfinished laundry and storage areas. Enjoy the attached two-car garage, patio, mature trees, and private backyard setting. With multiple living spaces, thoughtful updates, and room to entertain, work, relax, and spread out, this home offers an incredibly versatile layout in a convenient location.

Single Family

  • Price
  • $ 575,000
  • City
  • Minnetonka
  • Bedrooms
  • 3
  • Full Bathrooms
  • 3
  • County
  • HENNEPIN
  • Half Bathrooms
  • 0
  • Area
  • Forest Hills 2nd Add
  • Lot Size
  • 0.46 Acres
  • Zip
  • 55345
  • Sqr Footage
  • 2,295
  • Year Built
  • 1958
  • Taxes
  • $ 5258
  • Style
  • Single Family
  • MLS#
  • 7141048
Listed By: Engel & Volkers Lake Minnetonka
Data Source: Northstar MLS (NSTAR)

Features

General

Living Area 2295
Sewer City Sewer/Connected
Heating Forced Air
Cooling Central Air
Roof Asphalt
Appliances Dishwasher,Dryer,Microwave,Range,Refrigerator,Stainless Steel Appliances,Washer
Garage Spaces 2
Pool Features None
Year Built 1958
Levels One
Property Subtype Single Family
Tax Year 2026
Accessibility None
County Hennepin
New Construction No
Property Type Residential
HOA No
Contingency None
Subdivision Name Forest Hills 2nd Add
Other Structures Storage Shed
Full Baths 1
Directions E on Hwy 7 to Woodhill Rd. L on White Oak. L on Mount Terrace,L on Ellerdale
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 5258
Additional Parcels Y/N No
Virtual Tour https://tours.spacecrafting.com/n-9wxhg4
Standard Status Active
Lender Owned No
Amenities Unit Kitchen Window,Main Floor Primary Bedroom,Tile Floors,Washer/Dryer Hookup
PostalCity Minnetonka

Interior Features

Basement Daylight/Lookout Windows,Drain Tiled,Finished,Full,Sump Pump
Total Fireplaces 2
Fireplace Features Family Room,Gas,Living Room,Wood Burning
Basement (Y/N) Yes
Fireplace Y/N Yes
Above Grade Finished Area 1461
3/4 Baths 2
Laundry Features In Basement
Total Bedrooms 3
Below Grade Finished Area 834
Total Baths 3
Bath Desc Main Floor Full Bath
Dining Room Description Eat In Kitchen,Informal Dining Room,Kitchen/Dining Room
Fuel Natural Gas
Garage Square Feet 354

Exterior Features

Parking Features Attached Garage,Asphalt,Garage Door Opener
Lot Features Tree Coverage - Medium
Water Source City Water/Connected
Lot Size Area 0.46
Building Area Total 2780
Lot Dimensions 184x168x93x69
Waterfront Y/N No
Foundation Area 1319
Road Frontage Type Paved Streets

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

9/10/2026 Listed $599,900
9/22/2026 5% - $575,000

Property vs Zip Code Average in 55345

Price
AVG $820K
$580K
Taxes
AVG $7,874
$5,258
Year Built
AVG 1979
1958
Visits
AVG 120
26
Data Provided by Inside Real Estate®

Areas That We Cover

4418 Ellerdale Road Minnetonka, MN is a Single Family Home for sale at $575000 with 2295 sqft and a lot size of 0.46 Acres Acre(s). 4418 Ellerdale Road Minnetonka has 3 bedrooms, 3 baths and was built in 1958. 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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