$3,859 Closing Credit¹
#6652110, Listing Office: RE/MAX Results
$340,000 List price
516 5th Ave S Hopkins, MN 55343
$4,038
Closing credit¹
3 beds
1 full, 1 partial
1,483 sqft
$229 / sqft
House
Property details
About 516 5th Ave S
Charming Rambler with Room to Grow – Steps from Parks & Trails! This well-maintained rambler offers comfortable living with three bedrooms on the main level, Pella windows, and wood floors under the current flooring. You'll love the convenience of two bathrooms—one up and one down. The home features newer vinyl siding and roof, a large two-car garage, and a screened porch perfect for enjoying summer evenings. Step outside to a flat, fenced backyard with garden areas, a patio space for entertaining, and privacy that feels like your own retreat. Ideally located near parks, the 3 Rivers Park trail system, and 9 Mile Creek, this home offers quick access to year-round recreation, including biking, hiking, skating, and sledding. Downstairs, there's potential to add one or two more bedrooms with existing egress windows—offering flexibility for future needs. A wonderful blend of charm, updates, and lifestyle—don't miss this one! Preferred closing is around May 31st. Possible rentback may be helpful.
Highlights
Home typeSingle Family Residence
HeatingForced Air
StatusActive
CoolingCentral Air
Size1,483 sqft
BasementYes
Year built1953
ParkingDetached, Asphalt
MLS #6698806
Garage2 spaces
Summary
- MLS Number: 6698806
- MLS Name: NORTHSTAR
- Office Name: Keller Williams Classic Rlty NW
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$340,000
516 5th Ave S
$4,038
closing credit¹
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Seller rebate
0.5% sale price²
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $326,900 | $6,728 |
| 2022 | $330,000 | $6,761 |
| 2021 | $282,000 | $6,122 |
| 2020 | $263,000 | $5,815 |
| 2019 | $225,450 | $5,819 |
| 2018 | $201,470 | $5,270 |
| 2017 | $192,750 | $5,240 |
History based on county public records data.
Nearby schools
2
Alice Smith Elementary
Public District KG-6
1.1 mi
•801 Minnetonka Mills Rd
7
Eagle Ridge Academy Lower School
Public Charter KG-5
1.2 mi
•11111 Bren Rd W
7
Xinxing Academy
Public District KG-6
1.3 mi
•1001 Highway 7
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 $44,489. Most Hopkins, MN residents have annual incomes between $35k-100k. The majority of families are 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?
26%
<35k
69%
35k-100k
5%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
52%
Single, No Kids
15%
Single, with Kids
21%
Married, No Kids
12%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
14%
<11 yrs old
7%
12-17 yrs old
27%
18-34 yrs old
40%
35-64 yrs old
12%
65+ yrs old
What do the neighbors do for fun?
Soccer
Continuing Education Courses
Mexican League Soccer
Where do the neighbors shop?
Forever 21
Express/Express For Men
Books-a-Million
Where do the neighbors go to eat?
Dominos Pizza
Qdoba
Church's Chicken
What do the neighbors drive?
Mazda
Volkswagen
Toyota
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Contemporary- Adult Hits
All data provided by Home Junction and Claritas
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Frequently asked questions
About 516 5th Ave S
This home is located at 516 5th Ave S in Hopkins, MN and zip code 55343 in the Park Valley neighborhood. This 1,483 square foot home was built in 1953. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since April 9, 2025 and is currently priced at $340,000.
In March 2025, from all listings sold in Hopkins, MN there were more than 14 sold above asking price, over 20 sold below and more than 7 were sold right at the asked price. Between February and March 2025, Hopkins, MN real estate market has seen increase in the number of listings by 34.7%. In March 2025, listings were on the market for 29 days. During the same period, the median list price in this real estate market was $389,132.
From Rocket Homes Real Estate and based on county public records data.