$4,856 Closing Credit¹
#6722613, Listing office: iMetro Property
$375,000 List price
16503 Franklin Trl SE Prior Lake, MN 55372
$4,453
Closing credit¹
3 beds
2 full
1,860 sqft
$202 / sqft
House
Property details
About 16503 Franklin Trl SE
Move-in ready at an affordable price! This split-level has a great layout with mudroom at the entrance level before choosing an upper or lower level. The upper level includes the primary bedroom with a walk-through to a shared full bathroom and a second bedroom. The lower level offers a third bedroom, a 3/4 bathroom, and a spacious family room with a gas fireplace and walk-out access to the backyard. Enjoy views of the wetlands from the maintenance-free deck. The large fully fenced yard provides privacy and outdoor space for activities or entertaining. Recent updates include new carpet on the upper level and fresh paint throughout the home. The large laundry/mechanical room offers additional storage and functionality. This home is conveniently located near Eagle Creek Ave SE and less than one mile from downtown Prior Lake with easy access to shopping, dining, and local amenities.
Highlights
Home typeSingle Family Residence
HeatingForced Air
StatusActive
CoolingCentral Air
Size1,860 sqft
BasementYes
Year built1978
ParkingAttached Garage
MLS #6731117
Attached garage2 spaces
FireplaceFamily Room, Gas
Summary
- Full Bathrooms: 2
- Appliances: Dishwasher, Microwave, Range, Refrigerator
- Basement: Yes
- Fireplace: Family Room, Gas
- Total Bedroom Count: 3
- Garage Space: 2 spaces
- Attached Garage: Yes
- Parking: Attached Garage
- Heating: Forced Air
- Cooling: Central Air
- List Price: $375,000
- Price/SqFt: $201
- HOA Amount: $0
- Annual Tax Amount: $3,296
- Tax Year: 2024
- Directions: From Eagle Creek Ave SE, turn south on Franklin Trail SE, and house will be on the left side
- Year Built: 1978
- Living Area: 1,860 SqFt
- MLS Number: 6731117
- MLS Name: NORTHSTAR
- Office Name: RE/MAX Results
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$375,000
16503 Franklin Trl SE
$4,453
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Dec 01, 2021 | Home Sold | $310,000 |
| Jun 01, 2017 | Home Sold | $218,800 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $336,100 | $3,296 |
| 2023 | $336,100 | $3,222 |
| 2022 | $339,400 | $2,832 |
| 2021 | $260,300 | $2,772 |
| 2019 | $221,744 | $2,718 |
History based on county public records data.
Nearby schools
6
La Ola del Lago at Grainwood
Public District KG-5
0.4 mi
•5061 Minnesota St SE
7
WestWood Elementary School
Public District KG-5
0.7 mi
•5370 Westwood Dr SE
7
Five Hawks Elementary School
Public District KG-5
0.9 mi
•16620 Five Hawks Ave SE
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $77,710. The most common annual income of people living in Prior Lake, MN is between $35k-100k. The most common type of family is single, no kids. The most common level of education of people living in this area is post secondary degree.
How much money do the neighbors make?
20%
<35k
44%
35k-100k
28%
100k-200k
8%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
39%
Single, No Kids
13%
Single, with Kids
21%
Married, No Kids
27%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
21%
<11 yrs old
9%
12-17 yrs old
23%
18-34 yrs old
37%
35-64 yrs old
10%
65+ yrs old
What do the neighbors do for fun?
Pro Wrestling
College Football
NASCAR
Where do the neighbors shop?
Family Dollar
Express/Express For Men
Dick's Sporting Goods
Where do the neighbors go to eat?
Dominos Pizza
Sonic
Arbys
What do the neighbors drive?
Ford
Kia
GMC
What do the neighbors listen to?
New Country
Adult Hits
Country
All data provided by Home Junction and Claritas
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Frequently asked questions
About 16503 Franklin Trl SE
The listing price of 16503 Franklin Trl SE property is $375,000.
The property 16503 Franklin Trl SE is a house located in Prior Lake, Minnesota, 55372.
Active Listing: 16503 Franklin Trl SE is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 16503 Franklin Trl SE are: La Ola del Lago at Grainwood (GreatSchools Rating 6/10), WestWood Elementary School (GreatSchools Rating 7/10), Five Hawks Elementary School (GreatSchools Rating 7/10), Hidden Oaks Middle School (GreatSchools Rating 6/10), Aspen Academy (GreatSchools Rating 7/10), Eagle Ridge Middle School (GreatSchools Rating 3/10), Prior Lake-Savage Area Area Learning Center (GreatSchools Rating 3/10), Prior Lake High School (GreatSchools Rating 8/10), Link12 Lakeville (GreatSchools Rating 5/10).
According to the records, the last property tax for 2024 is $3,296 (source: MLS/based on county public records data).
The last sale was on December 1, 2021 for $310,000 (source: MLS/tax record).
The property at 16503 Franklin Trl SE has 3 bedrooms and 2 bathrooms.
The property 16503 Franklin Trl SE is 1,860 SqFt (source: MLS/tax record).
The year of construction for 16503 Franklin Trl SE is 1978.
This home is located at 16503 Franklin Trl SE in Prior Lake, MN and zip code 55372. This 1,860 square foot home was built in 1978. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since June 6, 2025 and is currently priced at $375,000.
In May 2025, from all listings sold in Prior Lake, MN there were more than 13 sold above asking price, over 18 sold below and more than 7 were sold right at the asked price. The number of listings in Prior Lake, MN increased by 28.5% between April and May 2025. Listings spent 31 days on the market in May 2025, and had a median list price of $505,000 during the same period.
From Rocket Homes Real Estate and based on county public records data.