From Highway On-Ramp to Private Cul-de-Sac
The Highway 100 construction “losers” (at least short-term)?
Easy: all the fuming drivers stuck in 100 traffic (especially south), not to mention the ones caught on clogged side roads like Cedar Lake Road, and now — with Highway 7 partially closed — nearby 36th Street in St. Louis Park.
But, there are some winners, too.
The biggest might easily be homeowners on the 2900 block of Toledo Avenue South in Fern Hill — or more specifically, the odd-numbered, east-side of the block (there is no west side).
Before and After(!): From Discount to Premium?
Before the just-completed new Highway 100 interchange at Minnetonka Blvd., the front yard of the Toledo homes was . . . Highway 100.
The highway on-ramp was moved 50 feet further west — and more importantly, was relocated behind a huge new sound wall that makes the highway invisible (and less audible) to neighboring homes.
Even better: whereas Toledo formerly connected to busy Minnetonka Blvd just to the south, the 2900 block is now a cul-de-sac.
Factor in all of the above, and I’d conservatively estimate an 8% to 10% bump in value for the 6-8 affected homes — although it will be hard to tease that out of the Comp’s, given such a small sample size and the long interval between sales.