See other homes in:
Primary listing photo
Listing photo 2
Listing photo 3
Listing photo 4
Listing photo 5

16308 Jaffna Pl, Lakeville, MN, 55044

4beds
3baths
1,965sqft
$385,000
$196price/sqft
$2,613/moest. monthly cost
$104,520/yrincome needed

About This Home

This desirable end-unit townhome blends designer finishes with the ease of low-maintenance living. It's even better than new construction...this property offers 4 bedrooms on one level plus a versatile loft space that's perfect for movie nights, a home office, or a cozy reading nook. The sun filled main level is designed for gatherings, with peaceful backyard views and an abundance of natural light streams through the extra windows that only an end unit can offer. At the heart of the home is a chef's kitchen featuring quartz countertops, walk-in pantry, gas range, and stainless appliances. Step outside and enjoy miles of neighborhood walking paths, a community dog park and the convenience of being less than 10 minutes from shopping, dining, parks and everyday essentials.

Getting Around

24
WalkingCar-Dependent
0
TransitVery Limited Transit
55
BikeBikeable

Schools

7/10
7/10
10/10

Construction

Condition

  • Year built: 2023

Materials

  • Roof: Age 8 Years or Less
  • Construction materials: Concrete,Frame

Type & Style

  • Home type: Townhouse
  • Property subType: (TH) Side x Side

Interior

Appliances

  • Appliances included: Dishwasher,Disposal,Dryer,Electric Water Heater,Exhaust Fan,Humidifier,Microwave,Range,Refrigerator,Stainless Steel Appliance(s),Washer,Water Softener Owned

Basement

  • Has basement: Yes
  • Basement: None

Bedroom

  • Level: Upper
  • Area: 180
  • Dimensions: 15x12

Bedroom2

  • Level: Upper
  • Area: 120
  • Dimensions: 12x10

Bedroom3

  • Level: Upper
  • Area: 132
  • Dimensions: 12x11

Bedroom4

  • Level: Upper
  • Area: 154
  • Dimensions: 14x11

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 3
  • Full bathrooms: 1
  • 3/4 bathrooms: 1
  • 1/2 bathrooms: 1

Dining Room

  • Level: Main
  • Area: 144
  • Dimensions: 16x9

Family Room

  • Level: Main
  • Area: 192
  • Dimensions: 16x12

Features

  • Number of fireplaces: 1
  • Fireplace: Yes
  • Finished area below ground: 0
  • Finished area above ground: 1,965

Foyer

  • Level: Main
  • Area: 80
  • Dimensions: 16x5

Heating & Cooling

  • Heating features: Forced Air
  • Cooling features: Central Air

Interior Area

  • Total structure area: 1,965
  • Total interior livable area: 1,965 sqft

Kitchen

  • Level: Main
  • Area: 180
  • Dimensions: 18x10

Laundry

  • Level: Upper
  • Area: 90
  • Dimensions: 10x9

Loft

  • Level: Upper
  • Area: 140
  • Dimensions: 14x10

Other

  • Level: Main
  • Area: 25
  • Dimensions: 5x5

Patio

  • Level: Main
  • Area: 48
  • Dimensions: 12x4

Walk In Closet

  • Level: Upper
  • Area: 36
  • Dimensions: 6x6

Walk In Closet

  • Level: Upper
  • Area: 42
  • Dimensions: 7x6

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 221867001260
  • Attached to another structure: Yes
  • Zoning description: Residential-Single Family
  • Foundation area: 770

Features

  • Levels: Two
  • Stories: 2
  • Pool features: None
  • Patio & porch: Patio

Lot

  • Lot size: 1,829 sqft
  • Features: Corner Lot,Tree Coverage - Heavy
  • Lot size dimensions: 0

Parking

  • Total spaces: 2
  • Parking features: Attached,Asphalt,Guest,Insulated Garage
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered 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 $1,946$23,352
Home Insurance *$190$2,280
Property Taxes $307$3,684
Electricity $170$2,050
Total$2,613$31,356
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$89,588/yr
40% on housing$78,390/yr
45% on housing$69,680/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

$196This listing

vs Other Active Listings

Avg $/sqft

ZIP 55044$197
Dakota County$172

vs Homes Sold Last Month

Median $/sqft

ZIP 55044$200
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
2026-07-30Listed for sale$385,000
2023-11-06Sold$429,350
2023-08-08Pending sale$429,350
2023-08-06Listed for sale$429,350

For Sale by Agent

AgentLiz Kutzer
BrokerageEdina Realty, Inc.

Similar Homes