Coming soon
$3,741 Closing Credit¹
#6714889, Listing Office: Real Broker, LLC
$225,000 List price
5881 Covington Ln Minnetonka, MN 55345
$2,672
Closing credit¹
3 beds
2 full
1,410 sqft
$160 / sqft
Townhouse
Property details
About 5881 Covington Ln
Investor special on a spacious, wooded lot with a private wetland view! This 3 bed, 2 bath home features walk-in closets, a fully fenced backyard, and a cozy fireplace in the lower-level family room. Enjoy peaceful views from the main floor deck, perfect for morning coffee or evening relaxation. With great bones and tons of potential, this one is ready for your updates and personal touch. Ideal opportunity for investors or buyers looking to build equity. Don’t miss the setting - nature lovers will appreciate the privacy and green space out back!
Highlights
Home typeTownhouse
HeatingForced Air
StatusComing Soon
CoolingCentral Air
Size1,410 sqft
BasementYes
Year built1983
ParkingAttached Garage
MLS #6705195
Attached garage2 spaces
FireplaceFamily Room, Wood Burning
Active DateMay 23, 2025
Summary
- Full Bathrooms: 2
- Appliances: Dishwasher, Dryer, Gas Water Heater, Microwave, Range, Refrigerator
- Basement: Yes
- Fireplace: Family Room, Wood Burning
- Total Bedroom Count: 3
- Garage Space: 2 spaces
- Attached Garage: Yes
- Parking: Attached Garage
- Heating: Forced Air
- Cooling: Central Air
- List Price: $225,000
- Price/SqFt: $159
- HOA Amount: $0
- Annual Tax Amount: $3,353
- Tax Year: 2023
- Lot: Irregular Lot, Many Trees
- Directions: Hwy 101 to Covington Rd, east to Covington Lane, south to home.
- Year Built: 1983
- Living Area: 1,410 SqFt
- MLS Number: 6705195
- MLS Name: NORTHSTAR
- Office Name: eXp Realty
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Get an agent. Get a mortgage. Save big.¹
$225,000
5881 Covington Ln
$2,672
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| May 08, 2002 | Home Sold | $160,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $277,500 | $3,353 |
| 2022 | $265,600 | $3,220 |
| 2021 | $240,700 | $3,152 |
| 2020 | $248,000 | $3,253 |
| 2019 | $222,725 | $3,251 |
| 2018 | $193,731 | $2,858 |
| 2017 | $154,927 | $2,314 |
History based on county public records data.
Nearby schools
8
Clear Springs Elementary
Public District KG-5
0.2 mi
•5701 County Road 101
9
Scenic Heights Elementary
Public District KG-5
0.8 mi
•5650 Scenic Heights Dr
7
Prairie View Elementary School
Public District PK-5
1.6 mi
•17255 Peterborg Rd
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 $75,097. Typical income of Minnetonka, MN residents is between $35k-100k annually. Typical family type is single, no kids. Most residents in this area have post secondary degree education.
How much money do the neighbors make?
23%
<35k
43%
35k-100k
23%
100k-200k
11%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
37%
Single, No Kids
10%
Single, with Kids
32%
Married, No Kids
21%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
14%
<11 yrs old
9%
12-17 yrs old
14%
18-34 yrs old
50%
35-64 yrs old
13%
65+ yrs old
What do the neighbors do for fun?
Symphony or Opera
Hiking/backpacking
PGA/LPGA
Where do the neighbors shop?
Chico's
Nordstrom Rack
Stein Mart
Where do the neighbors go to eat?
Boston Market
Chipotle
Bonefish Grill
What do the neighbors drive?
Volvo
Mazda
Lincoln
What do the neighbors listen to?
Talk/Personality
Rock
Classical
All data provided by Home Junction and Claritas
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Frequently asked questions
About 5881 Covington Ln
The listing price of 5881 Covington Ln property is $225,000.
The property 5881 Covington Ln is a townhouse located in Minnetonka, Minnesota, 55345.
Coming Soon: 5881 Covington Ln is Coming Soon. This listing has not previously been on the market, but will be on the market soon (no showings are allowed yet). A listing contract has been executed.
The nearby schools for 5881 Covington Ln are: Clear Springs Elementary (GreatSchools Rating 8/10), Scenic Heights Elementary (GreatSchools Rating 9/10), Prairie View Elementary School (GreatSchools Rating 7/10), Minnetonka Middle School East (GreatSchools Rating 9/10), Central Middle School (GreatSchools Rating 5/10), Minnetonka Middle School West (GreatSchools Rating 9/10), Minnetonka High School (GreatSchools Rating 10/10), Eden Prairie High School (GreatSchools Rating 8/10), Hopkins West Junior High (GreatSchools Rating 5/10).
According to the records, the last property tax for 2023 is $3,353 (source: MLS/based on county public records data).
The last sale was on May 8, 2002 for $160,000 (source: MLS/tax record).
The property at 5881 Covington Ln has 3 bedrooms and 2 bathrooms.
The property 5881 Covington Ln is 1,410 SqFt (source: MLS/tax record).
The year of construction for 5881 Covington Ln is 1983.
This home is located at 5881 Covington Ln in Minnetonka, MN and zip code 55345 in the Covington Heights neighborhood. This 1,410 square foot home was built in 1983. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since May 21, 2025 and is currently priced at $225,000.
In April 2025 more than 31 listings in Minnetonka, MN were sold above the asking price. During the same period more than 13 listings were sold at asking price, while more than 27 were sold below. The inventory of homes for sale in Minnetonka, MN between March and April 2025 increased by 21.8%. In April 2025 median list price was $511,500 and the average listing age was 34 days.
From Rocket Homes Real Estate and based on county public records data.