408 Parkers Lake Rd
Minnetonka, MN 55391
1 bd 1 ba 1,020 sqft Built 2005 condos
Most recent sale
$275,000
Dec 30, 2021
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| May 14, 2025 | Sold | $305,000 | NorthstarMLS |
| Feb 5, 2025 | Listed | $316,900 | NorthstarMLS |
| Jan 14, 2025 | Price changed | $322,500 | NorthstarMLS |
| Dec 2, 2024 | Listed | $329,900 | NorthstarMLS |
| Oct 14, 2024 | Listed | $329,900 | NorthstarMLS |
| Dec 30, 2021 | Sold | $275,000 | MLS #6105519 |
| Oct 23, 2021 | Price changed | $275,000 | MLS #6105519 |
| Oct 9, 2021 | Price changed | $289,000 | MLS #6105519 |
| Sep 25, 2021 | Listed | $299,500 | MLS #6105519 |
| Sep 17, 2015 | Listing removed | $308,000 | NorthstarMLS |
| Jan 10, 2013 | Sold | $160,000 | MLS #4130720 |
| Mar 16, 2012 | Listing removed | $308,000 | NorthstarMLS |
| Mar 13, 2012 | Listed | $175,000 | MLS #4130720 |
| Dec 1, 2009 | Listing removed | $292,000 | NorthstarMLS |
| May 19, 2008 | Listed | $292,000 | MLS #3545374 |
| Mar 20, 2007 | Listed | $308,000 | MLS #3346402 |
| Feb 3, 2005 | Listed | $308,000 | MLS #2370287 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $215,800 | $50,000 | $265,800 | $3,297 |
| 2024 | $226,700 | $50,000 | $276,700 | $3,261 |
| 2020 | — | — | $212,047 | $2,927 |
| 2019 | — | — | $210,104 | $2,702 |
| 2018 | — | — | $194,517 | $2,505 |
| 2017 | — | — | $175,769 | $2,151 |
| 2016 | — | — | $151,571 | $2,420 |
| 2015 | — | — | $168,575 | $1,578 |
| 2014 | — | — | $105,246 | $1,781 |
| 2013 | — | — | $116,800 | $3,112 |
| 2012 | $163,500 | $50,000 | $213,500 | $3,540 |
| 2011 | $201,100 | $50,000 | $251,100 | $3,422 |
| 2010 | $206,100 | $50,000 | $256,100 | $3,350 |
| 2009 | $219,500 | $50,000 | $269,500 | $3,239 |
| 2008 | $225,000 | $50,000 | $275,000 | $3,081 |
Property facts
Year built
2005
Property type
condos
Stories
1
Beds
1
Baths
1
Living area
1,020 sqft
Lot size
—
ZIP code
55391
City
Minnetonka
Street
Parkers Lake Rd
Coordinates
44.97578, -93.47293
Comparable properties nearby
Block-level micro-comps
Same street, ±3 house numbers, sold in the last 24 monthsInvestment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$1,530
Gross rental yield
6.68%
Implied cap rate
4.34%
Trend-extrapolated value
—
Frequently asked questions
When did 408 Parkers Lake Rd last sell?
408 Parkers Lake Rd most recently sold on Dec 30, 2021 for $275,000.
What is the current tax assessment for 408 Parkers Lake Rd?
The most recent total assessment for 408 Parkers Lake Rd (year 2025) is $265,800 with $3,297 in property tax.
How does 408 Parkers Lake Rd's assessment compare to its last sale price?
The current assessment is 3.3% below the last sale price of $275,000.
When was 408 Parkers Lake Rd built?
408 Parkers Lake Rd was built in 2005.
How does 408 Parkers Lake Rd compare to others on Parkers Lake Rd?
We track 8 other properties on Parkers Lake Rd. Browse the list under "Other properties on Parkers Lake Rd" to compare beds, baths, and sale history.
What are the property facts for 408 Parkers Lake Rd?
408 Parkers Lake Rd is a 1 bed, 1 bath, 1,020 sqft condos.
Is 408 Parkers Lake Rd a flip candidate?
No — 408 Parkers Lake Rd does not appear in our flips dataset.
Is 408 Parkers Lake Rd a tax-appeal candidate?
No — 408 Parkers Lake Rd is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+6.7%
Implied 1-yr
+26.8%
2026 Q3
$2.76M
2026 Q4
$2.89M
ZIP 55391 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Parkers Lake Rd