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12029 Summerset Ln, Burnsville, MN, 55337

2beds
1baths
1,186sqft
$215,000
$181price/sqft
$1,597/moest. monthly cost
$63,880/yrincome needed

About This Home

No Trespassing! Do Not Disturb Occupant! No Showings Permitted! Please call the auction company with any questions regarding the property. *** A buyer's premium of 3% of the winning bid amount will be added to all winning bid amounts to determine the total purchase price. 2 bedrooms, 1.0 baths property, built in 1985 with 1186 square feet."

Getting Around

30
WalkingCar-Dependent
24
TransitMinimal Transit
59
BikeBikeable

Schools

7/10
4/10
4/10

Construction

Condition

  • Year built: 1985

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1

Interior Area

  • Total structure area: 1,186
  • Total interior livable area: 1,186 sqft

Property

Details

  • Parcel number: 027587601070
  • Special condition: Auction

Features

  • Stories: 1

Lot

  • Lot size: 0.33 Acres

Parking

  • Total spaces: 2

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Strong Wind
    Strong WindRelatively High
  • Tornado
    TornadoRelatively High
  • Cold Wave
    Cold WaveModerate
  • Hail
    HailModerate
  • Lightning
    LightningModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Strong Wind
Tornado
Cold Wave
Hail
Lightning
Winter Weather

FEMA Declared Disasters in Dakota County and Minnesota

Flood
Severe Storm
Straight Line Winds

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,087$13,044
Home Insurance *$138$1,656
Property Taxes $202$2,424
Electricity $170$2,050
Total$1,597$19,164
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$54,754/yr
40% on housing$47,910/yr
45% on housing$42,586/yr

Minnesota FAIR Plan Programs

Minnesota FAIR Plan

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 4,160Commercial: 101
Total Premiums$4.54M
Total Exposure$457.44M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 11.3%
11.3%
0%30.0%
Electricity Growth Rate10-year average: 2.7%
2.7%
0%15.0%
Property Taxes Growth Rate2-year average: 0.7%
0.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$181This listing

vs Other Active Listings

Avg $/sqft

ZIP 55337$130
Dakota County$173

vs Homes Sold Last Month

Median $/sqft

ZIP 55337$171
Dakota County$192

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-03-16Sold$286,262
2020-09-28Sold$300,000
2020-08-13Pending sale$270,000
2020-08-12Listed for sale$270,000
2015-05-15Sold$256,000
2015-01-21Price change$259,900
2015-01-07Listed for sale$269,900
2004-01-26Sold$257,400

Unknown Listed By

AgentCHAD BAKER
BrokerageREMAX Advantage Plus

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