Lori Gustafson

4040 Merriam Road

Minnetonka, MN
$ 425,000 Beds 3 Baths 2 Sq 2,100
Monthly Estimate* How much can I afford?

This beautifully refreshed 3-bedroom, 2-bath home offers approximately 2,100 finished square feet and blends classic character with extensive modern updates. The home has been thoughtfully renovated and is truly move-in ready. Recent improvements include a brand-new roof, soffit and fascia, windows, appliances, garage floor and overhead door, sidewalk, and a complete main-level bathroom remodel. The hardwood floors throughout the main level have been refinished, the basement features new carpet, and the exterior siding has been freshly repainted. New sod is also scheduled to be installed soon, providing a fresh finishing touch to the yard. Set on a spacious .65 acre lot with a beautiful backyard, just minutes from parks, trails and easy access to the surrounding metro areas. With numerous major updates already completed, this is a great opportunity to enjoy the character of an established home with the feel and convenience of a freshly updated property.

Single Family

  • Price
  • $ 425,000
  • City
  • Minnetonka
  • Bedrooms
  • 3
  • Full Bathrooms
  • 2
  • County
  • HENNEPIN
  • Half Bathrooms
  • 0
  • Area
  • Myrtle Heights
  • Lot Size
  • 0.65 Acres
  • Zip
  • 55305
  • Sqr Footage
  • 2,100
  • Year Built
  • 1959
  • Taxes
  • $ 4364
  • Style
  • Single Family
  • MLS#
  • 7150798
Listed By: Bridge Realty, LLC
Data Source: Northstar MLS (NSTAR)

Features

General

Living Area 2100
Sewer City Sewer/Connected
Heating Forced Air
Cooling Central Air
Roof Age 8 Years or Less,Architectural Shingle
Appliances Dishwasher,Gas Water Heater,Microwave,Range,Refrigerator
Garage Spaces 2
Year Built 1959
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 Myrtle Heights
Full Baths 1
Directions From County Road 61 turn east onto Lake Street Extension. Turn north on Merriam Road.
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 4364
Additional Parcels Y/N No
Standard Status Active
Lender Owned No
Amenities Unit Hardwood Floors,Kitchen Window,Main Floor Primary Bedroom,Washer/Dryer Hookup
PostalCity Minnetonka

Interior Features

Basement Finished,Full
Total Fireplaces 1
Basement (Y/N) Yes
Fireplace Y/N Yes
Above Grade Finished Area 1100
3/4 Baths 1
Laundry Features Main Level
Total Bedrooms 3
Below Grade Finished Area 1000
Total Baths 2
Bath Desc 3/4 Basement,Main Floor Full Bath
Dining Room Description Informal Dining Room
Fuel Natural Gas
Garage Square Feet 440

Exterior Features

Parking Features Attached Garage
Water Source City Water/Connected
Lot Size Area 0.65
Building Area Total 2200
Lot Dimensions 150x197x139x198
Waterfront Y/N No
Foundation Area 1100

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

9/25/2026 Listed $425,000

Property vs Zip Code Average in 55305

Price
AVG $800K
$430K
Taxes
AVG $20,995
$4,364
Year Built
AVG 1982
1959

In The Neighborhood

Areas That We Cover

4040 Merriam Road Minnetonka, MN is a Single Family Home for sale at $425000 with 2100 sqft and a lot size of 0.65 Acres Acre(s). 4040 Merriam Road Minnetonka has 3 bedrooms, 2 baths and was built in 1959. The property's zip code is 55305 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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