About This Home

This 3-bedroom, 2-bathroom single family at 16497 Franklin Trail SE in Prior Lake, MN is listed for $369,900 ($206 per sqft). Built in 1979, the home offers 1,800 sqft of living space on a 0.31 acres lot.

Key Features

  • Built in 1979
  • 0.31 acre lot
  • Fireplace

Property Details

2 full
2-car garage
1979

Amenities

FireplaceA/C
Listing Description

*****Seller is offering $8,000 toward Buyer's closing costs, subject to lender approval, plus a one-year home warranty. Seller will also do a one year-1% buy down on the interest rate for the first year. ***** Welcome to a home full of warmth, character, and easy one-level living!

This custom-built, three-bedroom, two-bath rambler offers a versatile layout with vaulted, wood-beamed ceilings and a striking two-sided Chicago brick gas fireplace that brings a cozy feel to the living spaces. The open living and dining area makes gathering easy, while the inviting hearth room off the kitchen offers space for dining, relaxing, or a second sitting area.

The kitchen features brushed granite countertops, appliances and a garbage disposal updated in 2023, and generous cabinet storage. A wall of east-facing windows, a long built-in bench, and access to the patio create a welcoming connection to the outdoors.

Enjoy the spacious, fenced backyard backing to green space, with room to garden, gather around the firepit, or simply unwind. Thoughtful improvements include a natural gas boiler installed in 2021, a water heater replaced in December 2021, updated flooring in the living room and back bedroom, front picture and kitchen windows replaced in September 2025, a new chimney in 2024, and a new shed in 2025.

A water softener was installed in 2026, and a mini-split is planned for the third bedroom before closing. Main-level laundry and an oversized two-car garage add everyday convenience. With its distinctive character and comfortable spaces, this Prior Lake home is a lovely alternative to townhome living!

Monthly Cost Estimate

$1,978/mo

20% down · 6.5% · 30 years

Principal$268
Interest$1,603
Insurance$108

Estimates only. Actual payments may vary.

Location

16497 Franklin Trail SE

Prior Lake, MN 55372

Borgerding 2nd Add

Features & Amenities

Interior Features

3 BR on One LevelAll Living Facilities on One LevelMain Floor PrimaryMain Floor BedroomMain Floor Laundry

Property Details

Outdoor Features

PorchPatio

Parking

Garage - AttachedOpenDriveway

Heating

Oil

Cooling

DuctlessCentral Air

Appliances

DishwasherDisposalDryerMicrowaveRangeRefrigeratorWall OvenWasherWater Softener - Owned

Questions & Answers

This 3-bedroom, 2-bathroom single family at 16497 Franklin Trail SE is listed at $369,900 ($206/sqft). The estimated monthly payment is $1,978 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1979, 0.31 acre lot, Fireplace. Interior Features: 3 BR on One Level, All Living Facilities on One Level, Main Floor Primary.

This property is listed by Joel Lambert.

JL

Joel Lambert

Agent at RE/MAX Advantage Plus

Listed by RE/MAX Advantage Plus · Broker phone: (952) 226-7700 · View on Broker Site · Broker website

MLS# 7150399· Source: Northstar MLS· 31 days on PropertySimple

Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

16497 Franklin Trail SE, Prior Lake, MN 55372

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