5240 Ridgeway Drive

Description
- Listed by: • RE/MAX Advantage Plus
Recent comparable sales
Median sold price
$629,500
Avg days on market
28
Sale-to-list ratio
93.6%
Minnetonka, MN
9 comparable properties found
Location
Payment Calculator
$3,239 per month
30 year fixed, 6.55% Interest
$2,796
$444
$0
Property Information for 5240 Ridgeway Drive
- Taxes: $5,325 / year
- MLS Type: Residential / Single Family Residence
- County: Hennepin County
- Subdivision Name: Tract T
- Zoning Jurisdiction: Residential-Single Family
- Year Built: 1953
- Lot Size: 0.35 AC / 15,245 SF
- City Name: Minnetonka
- County Or Parish: Hennepin
- County: Hennepin-MN
- Directions: Excelsior Blvd. west to Crestwood Rd, turn left (south), to Ridgeway Dr, turn left (east)
- Latitude: 44.908517
- Longitude: -93.454182
- Map Coordinate: 118-E3
- Map Coordinate Source: King's Street Atlas
- City and Location: Minnetonka
- City and Location Text: Minnetonka(MN)
- Postal Code: 55345
- State Or Province: MN
- Public Survey Township: 117
- Additional Parcels: No
- Association Fee: $.00
- Association: No
- Parcel Number: 2711722340044
- Tax Annual Amount: $5,325.00
- Tax Legal Description: REG. LAND SURVEY NO. 0214 TRACT T
- Tax Other Annual Assessment Amount: $.00
- Tax Year: 2022
- Tax With Assessments: 5325.0000
- High School District: 270 - Hopkins
- School District Number: 270
- School District Phone: 952-988-4000
- Above Grade Fin SQFT: 1626.0
- Below Grade Fin SQFT: 1274.0
- SQFT Total: 2900.0
- Lot Size Area: 0.35
- Lot Size Dimensions: 127x111x133x115
- Lot Size Square Feet: 15246.0
- Lot Size Units: Acres
- Present Use: Yearly
- Property Attached: No
- Property Sub Type: Single Family Residence
- Property Type: Residential
- SQFT Main Total: 1626.0000
- Building Area Total: 2900.0
- Above Grade SqFt Total: 1626.0000
- Below Grade SqFt Total: 1274.0000
- Age Of Property: 72
- Electric: Circuit Breakers
- Sewer: City Sewer/Connected
- Water Source: City Water/Connected
- Accessibility Features: None
- Fencing: Chain Link
- Foundation Area: 1274.0
- Fuel: Natural Gas
- Road Frontage Type: City Street
- Roof: Age 8 Years or Less, Architectural Shingle, Asphalt
- Patio Porch Type: Composite Decking,Deck,Front Porch,Patio
- Appliances: Dishwasher, Disposal, Dryer, Exhaust Fan, Humidifier, Microwave, Range, Refrigerator, Stainless Steel Appliances, Washer, Water Softener Owned
- Basement Type: Block, Egress Window(s), Finished
- Amenities Unit: Deck,Hardwood Floors,Kitchen Center Island,Kitchen Window,Primary Bedroom Walk-In Closet,Main Floor Primary Bedroom,Patio,Washer/Dryer Hookup,Walk-In Closet
- Bath Desc: Bathroom Ensuite,Full Basement,Main Floor Full Bath
- Bathrooms Full: 3
- Bathrooms Half: 0
- Bathrooms One Quarter: 0
- Bathrooms Three Quarter: 0
- Bathrooms Total Count: 3
- Bedrooms Total: 4
- Fireplace Features: Brick, Family Room, Living Room, Wood Burning
- Fireplaces Total: 2
- FireplaceYN: Yes
- Cooling: Central Air
- Dining Room Description: Eat In Kitchen,Informal Dining Room
- DP Resource: Y
- Garage Dimensions: 22x22
- Garage Square Feet: 484
- Heating: Forced Air, Radiant Floor
- Levels: One
- Room Type: Kitchen, Dining Room, Living Room, Bedroom 1, Bedroom 2, Bedroom 3, Deck, Family Room, Game Room, Bedroom 4, Laundry, Patio
- Room List: Kitchen, Dining Room, Living Room, Bedroom 1, Bedroom 2, Bedroom 3, Deck, Family Room, Game Room, Bedroom 4, Laundry, Patio
- Basement YN: Yes
- Room Dimensions: 22x15
- Room Level: Main
- Room Type: Kitchen
- Room Dimensions: 14x13
- Room Level: Main
- Room Type: Dining Room
- Room Dimensions: 16x13
- Room Level: Main
- Room Type: Living Room
- Room Dimensions: 16x14
- Room Level: Main
- Room Type: Bedroom 1
- Room Dimensions: 13x11
- Room Level: Main
- Room Type: Bedroom 2
- Room Dimensions: 11x11
- Room Level: Main
- Room Type: Bedroom 3
- Room Dimensions: 16x22
- Room Level: Main
- Room Type: Deck
- Room Dimensions: 24x12
- Room Level: Lower
- Room Type: Family Room
- Room Dimensions: 17x16
- Room Level: Lower
- Room Type: Game Room
- Room Dimensions: 17x10
- Room Level: Lower
- Room Type: Bedroom 4
- Room Dimensions: 10x10
- Room Level: Lower
- Room Type: Laundry
- Room Dimensions: 16x16
- Room Level: Lower
- Room Type: Patio
Property History for 5240 Ridgeway Drive
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Mar 31, 2023 | Sold (Public Record) Public Record #1508490446 | $550,000 | +6.3% / yr |
| Mar 31, 2023 | Sold NorthStar #6332779 | $550,000 | — |
| Mar 14, 2023 | Pending NorthStar #6332779 | — | |
| Mar 1, 2023 | Off Market NorthStar #6332779 | — | |
| Feb 14, 2023 | Listed (Active) NorthStar #6332779 | $574,900 | — |
| Jul 31, 2015 | Sold (Public Record) Public Record #554428634 | $345,000 | +53.0% / yr |
| Jul 31, 2015 | Sold NorthStar #4591540 | $345,000 | — |
| Jun 30, 2015 | Pending NorthStar #4591540 | — | |
| Apr 30, 2015 | Listed (Active) NorthStar #4591540 | $369,900 | — |
| Apr 13, 2015 | Off Market NorthStar #4566653 | — | |
| Apr 13, 2015 | Off Market Lake Superior Area REALTORS #2280273 | $379,900 | — |
| Feb 27, 2015 | Listed (Active) NorthStar #4566653 | $389,900 | — |
| Feb 27, 2015 | Listed (Active) Lake Superior Area REALTORS #2280273 | $389,900 | — |
| Jul 21, 2014 | Sold (Public Record) Public Record #420255102 | $223,000 | — |
| Jul 21, 2014 | Sold NorthStar #4483261 | $223,000 | — |
| Jul 21, 2014 | Sold Lake Superior Area REALTORS #2182946 | $223,000 | — |
| Jul 1, 2014 | Pending NorthStar #4483261 | — | |
| Jul 1, 2014 | Pending Lake Superior Area REALTORS #2182946 | — | |
| May 21, 2014 | Listed (Active) Lake Superior Area REALTORS #2182946 | $249,900 | — |
| Date | Event & Source | Price |
|---|---|---|
| 03/31/2023 | Sold (Public Record) Public Record #1508490446 | $550,000 +6.3% / yr |
| 03/31/2023 | Sold NorthStar #6332779 | $550,000 |
| 03/14/2023 | Pending NorthStar #6332779 | — |
| 03/01/2023 | Off Market NorthStar #6332779 | — |
| 02/14/2023 | Listed (Active) NorthStar #6332779 | $574,900 |
| 07/31/2015 | Sold (Public Record) Public Record #554428634 | $345,000 +53.0% / yr |
| 07/31/2015 | Sold NorthStar #4591540 | $345,000 |
| 06/30/2015 | Pending NorthStar #4591540 | — |
| 04/30/2015 | Listed (Active) NorthStar #4591540 | $369,900 |
| 04/13/2015 | Off Market NorthStar #4566653 | — |
| 04/13/2015 | Off Market Lake Superior Area REALTORS #2280273 | $379,900 |
| 02/27/2015 | Listed (Active) NorthStar #4566653 | $389,900 |
| 02/27/2015 | Listed (Active) Lake Superior Area REALTORS #2280273 | $389,900 |
| 07/21/2014 | Sold (Public Record) Public Record #420255102 | $223,000 |
| 07/21/2014 | Sold NorthStar #4483261 | $223,000 |
| 07/21/2014 | Sold Lake Superior Area REALTORS #2182946 | $223,000 |
| 07/01/2014 | Pending NorthStar #4483261 | — |
| 07/01/2014 | Pending Lake Superior Area REALTORS #2182946 | — |
| 05/21/2014 | Listed (Active) Lake Superior Area REALTORS #2182946 | $249,900 |
For completeness, we often displays two records for one sale: the MLS record and the public record.
Public Records for 5240 Ridgeway Drive
Schools near 5240 Ridgeway Drive
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 12 |
Rating | School | Distance |
|---|---|---|
Gatewood Elementary School PublicPK to 5 | ||
Hopkins West Junior High School Public6 to 8 | ||
Hopkins Senior High School Public9 to 12 | ||
Transition Plus Public12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
Similar Homes
New listings in 55345
Nearby home values
| Address | Sold price | Beds | Baths | Sqft | Lot (Sqft) |
|---|---|---|---|---|---|
This home: 5240 Ridgeway Drive, Minnetonka, MN 55345 | $550,000 | 4 | 3 | 2,900 | 15,245 |
$486,108 | 3 | 3 | 2,850 | 0 | |
$273,900 | 3 | 2 | 2,046 | 13,939 | |
– | 3 | 1 | 1,120 | 13,504 | |
$324,900 | 3 | 2 | 1,749 | 13,939 | |
$274,600 | 4 | 2 | 2,464 | 17,859 | |
– | 5 | 2.75 | 972 | 10,890 | |
$219,000 | 3 | 1 | 1,726 | – | |
$254,000 | 4 | 2 | 2,138 | 15,028 | |
$615,000 | 4 | 3 | 2,146 | 16,988 | |
$183,500 | 3 | 1 | 1,680 | 12,850 | |
$274,900 | 2 | 2 | 1,897 | 25,264 | |
– | 3 | 2.75 | 1,532 | 14,375 | |
$450,000 | 3 | 3 | 2,400 | 15,245 | |
$233,000 | 3 | 1 | 1,470 | 9,583 | |
$129,000 | 3 | 2 | 1,662 | 0 |
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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of RE/MAX Advantage Plus
Based on information submitted to the MLS GRID as of 05/06/2025 05:25 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively 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. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.










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