Score
0Edina, MN
4630 Drexel Ave
3.9M
5 beds
6 baths
7,179 sqft
5 bd • 6 ba • 7,179 sf
This analysis was generated on 2/11/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
AI Property Analysis
0:000:00 / 0:00
List Price
$3,850,000
Price/Sq.Ft
$536
Year Built
1924
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
• Excellent School District: The property is located within the highly-rated Edina Senior High School district (10/10 rating), making it highly desirable for families with school-aged children. Proximity to South View Middle School (7/10 rating) is also a plus.
• Substantial Square Footage: At 7,179 sq ft, the home offers ample living space for a large family or those who value spaciousness. This size is significantly larger than the median home size in Edina.
• Numerous Bedrooms and Bathrooms: With 5 bedrooms and 6 bathrooms, the property provides comfortable accommodations for residents and guests. This is a significant advantage compared to smaller homes in the area.
• Climate Risk: Climate risk scores are minimal, which is a huge advantage for the long term value.
The Bad
• High Price per Square Foot: At $536.29/sq ft, the property is priced above the Edina average, which typically ranges from $400-$500/sq ft for comparable homes. This premium requires justification through exceptional features or recent renovations.
• Age of the Property: Constructed in 1924, the home may require significant updates to meet modern standards. Potential buyers should anticipate costs associated with renovating kitchens, bathrooms, and potentially addressing outdated electrical or plumbing systems.
• Lack of Detailed Property Description: The absence of a property description is a significant drawback. Potential buyers lack crucial information about recent renovations, unique features, and the overall condition of the home. This opacity can deter interest and prolong the sales process.
• Price Reductions: The two recent price reductions (7.2% and 16.9%) suggest that the initial listing price was too high for the current market. This could indicate a misalignment between the seller's expectations and buyer demand.
The Ugly
• Significant Price History Fluctuations: The property's price history reveals dramatic swings, including a 72.5% increase in 2024 and subsequent price reductions. This volatility raises concerns about the accuracy of the current valuation and potential for future price corrections.
• High Estimated Insurance Cost: The estimated annual insurance cost of $13,860 is exceptionally high, even for an expensive home in Edina. This suggests potential risks associated with the property, such as structural issues, outdated systems, or a history of claims. Buyers should investigate the reasons for this high premium.
• Unknown Condition of Major Systems: Given the age of the property, the condition of critical systems like plumbing, electrical, and HVAC is a major concern. Without a detailed inspection, buyers risk incurring significant repair or replacement costs shortly after purchase.
• Potential for High Renovation Costs: The combination of an older home and a lack of detailed information suggests that extensive renovations may be necessary to bring the property up to modern standards. These costs could easily exceed $100,000, depending on the scope of the work.
Who is this property for?
These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.
Best For
• Buyers seeking a large, well-appointed home in a highly-rated school district: The property's location within the Edina Senior High School district (rated 10/10) is a major draw for families prioritizing education. The five bedrooms and multiple living spaces provide ample room for a large household.
• Individuals prioritizing modern amenities in a classic setting: The home features stainless steel appliances, a wine cooler, and a water softener, blending modern convenience with the charm of a 1924 build. The presence of central air and an air-to-air exchanger ensures year-round comfort.
• Buyers comfortable with a higher price point in exchange for location and size: While the price per square foot is above the city average, the overall size (7,179 sq ft) and prime Edina location justify the premium for buyers seeking substantial space and a prestigious address.
• Those seeking proximity to the Twin Cities: Edina's location offers convenient access to Minneapolis and St. Paul, making it ideal for professionals working in the metro area.
Not For
• Buyers on a tight budget or seeking affordability: The high listing price and potential for high property taxes make this property unsuitable for those seeking budget-friendly options. The price per square foot ($536.29) is significantly higher than the average for the broader Minneapolis area.
• Individuals seeking a low-maintenance property: Given the age of the home (built in 1924), potential buyers should anticipate ongoing maintenance and repair costs. Older homes often require more upkeep than newer construction.
• Buyers prioritizing a modern, open-concept layout: While the property boasts ample square footage, the layout may not appeal to those seeking a contemporary, open floor plan. The room details suggest a more traditional design with distinct living spaces.
Demographics
Area Median Income
$206,038
Property History
Price History
Ownership Timeline
$768,706Financed
Apr 1, 2021John Wolf, Catherine Cote WolfDavid Petrocchi
Warranty Deed
Standard Sale (Purchase/Resales)
$700,000Cash Purchase
Jul 17, 2018Scott C Dorblaser, Bright A Dorblaser Revocable TrustJohn Wolt, Catherine Cole Wolt
Trustees Deed
Foreclosure
Property Taxes
$27,014
2024 Tax Assessment
140.2%from previous year
Assessed Value$2,126,800
Tax Rate1.27%
Sunlight Analysis
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Sunlight Analysis
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Schools
Nearby school quality by education level
Middle
7.0/10
GoodHigh
10.0/10
ExcellentFinancials
Monthly Costs
Market Rent (5 bed)
Get a detailed estimate on Zillow$1,160
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$3,850,000
Price/sqft
$536
Layout
5 bd•6 ba
Days on market
153 daysat time of analysis
Stats in the Area
Based on 2 comparable properties nearby
Average Price
$2,210,000
74.2%
Your price is 74.2% above average
Median Price
$3,850,000
0.0%
Based on 2 recent sales
Price per Sq.Ft
$643
16.6%
Your price is 16.6% below average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 4508 Golf Terrace, Edina, MN 55424 | $3,850,000 | 5,991 | 5 | 5 | $64319.8% | 8/19/2024 |
| 4309 Oakdale Avenue S, Edina, MN 55424 | $570,000 | N/A | N/A | N/A | N/A | 9/6/2024 |
4508 Golf Terrace, Edina, MN 55424
Price: $3,850,000
Sq.Ft: 5,991
Beds/Baths: 5/5
$/Sq.Ft:
$64319.8%
Sale Date: 8/19/2024
4309 Oakdale Avenue S, Edina, MN 55424
Price: $570,000
Sq.Ft: N/A
Beds/Baths: N/A/N/A
$/Sq.Ft: N/A
Sale Date: 9/6/2024
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