Spring Park, MN Foreclosures
How much do homes sell for in Spring Park, MN?
The average home price is currently $776,030.
In Spring Park, MN, how many homes are available?
There are currently 4 active home listings available in Spring Park.
What’s the average rental cost in Spring Park, MN?
The average rental price in Spring Park is $2,157.
What is the most expensive home in Spring Park?
The most expensive home sold in Spring Park had a price of $2,519,669.
What is currently the cheapest priced home in Spring Park, MN?
The cheapest home for sale in Spring Park is priced at $127,920.
Living in Spring Park, MN
Spring Park, MN is a vibrant lakeside community that offers a unique blend of outdoor activities, strong local schools, and a close-knit neighborhood feel. With access to beautiful Lake Minnetonka, residents can enjoy various recreational opportunities year-round. The community maintains a balance between serene living and convenient access to urban amenities.
Current Market Conditions in Spring Park, MN
The real estate market in Spring Park has shown consistent growth in recent years, driven by the area's appeal as a lakeside community. Home values have steadily increased as more people seek out quality living spaces with access to outdoor activities. This trend suggests a strong demand for homes, particularly among families and retirees.
Investors can expect a favorable market environment, with a combination of starter homes, mid-range options, and luxury properties. The diversity of offerings provides opportunities for various investment strategies, including vacation rentals and long-term leasing, appealing to both residents and seasonal visitors.
Home Value Estimator For Spring Park, MN
There are currently 392 real estate properties
in Spring Park, MN,
with a median automated valuation model (AVM) price
of $670,262.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Spring Park, MN, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Spring Park, MN,
is $776,030.00, with the most expensive house
in Spring Park, MN, topping out
at $2,519,669.00 and the cheapest home
in Spring Park, MN,
clocking in at $127,920.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Spring Park, MN!
Rent Prices
In Spring Park, MN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Spring Park, MN, is on
a rollercoaster ride. The
average rent price in Spring Park, MN,
is $2,157.00. Indeed, when looking to rent in
Spring Park, MN, you can expect to pay as little
as $900.00 or as much
as $4,180.00,
with the average rent median estimated to
be $2,000.00. The good news is that finding
an affordable and desirable property to rent in Spring Park, MN
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
