Want Your Own Private Skyway?*

Where: 96xx Oak Ridge Trail in Minnetonka
What: 5 BR/4 Bath, 3,800 FSF contemporary on .5 acre lot
How much: $325,900 (asking price)
Tax value: $710,700

This sprawling, bank-owned contemporary (read, foreclosure) in Oak Ridge Trails seems like a screaming bargain. Until you go in.

While it appears (to me) to be structurally sound, everything else needs repair or replacement: the Kitchen, baths, flooring, siding, pool — and, most ominously of all, the windows. Acres and acres of custom, deteriorating windows.

Like so many foreclosures, the asking price doesn’t reflect the home’s actual cost, but rather the price of admission; the ultimate Buyer will easily put more than that into fix-up.

Assuming they tackle it.

Given the surrounding, upscale neighborhood and very unusual floor plan — although the home is listed as 5 BR, functionally, it feels like 2 — it may very well be a tear-down.

*Although it’s obscured by the tree in the photo, there is a second level walkway connecting the two “halves” of this home.

About the author

Ross Kaplan has 19+ years experience selling real estate all over the Twin Cities. He is also a 12-time consecutive "Super Real Estate Agent," as determined by Mpls. - St. Paul Magazine and Twin Cities Business Magazine. Prior to becoming a Realtor, Ross was an attorney (corporate law), CPA, and entrepreneur. He holds an economics degree from Stanford.

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