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Residential (General/Single)Residential
$1,452,931$248 / ft²
TopHap EstimateOur estimate of what this home would sell for today, based on nearby sales, the home's size and features, and local price trends. It is a starting point, not an appraisal.· confidence 88How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Jul 14, 2026
Last sold for $1,375,000 on May 2, 2018

3516 RAINBOW DR

MINNETONKA, MN 55345
10
Beds
0
Baths
5,850 ft²
Living AreaTotal finished area of the structures, from county records. Some counties include shared space like hallways or a building gym, so it may not match a listing.
0.52 ac
Lot SizeThe size of the land the home sits on, from county records.
2017
Year BuiltThe year the home was originally built, according to county records.
28
RoomsThe total room count in county records. Counties differ on which rooms they count, so compare it loosely.

Valuation

$1.5M
$1.3M low$1.6M high
Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$1,375,000 · May 2, 2018
Est. Owner EquityRoughly how much of the home's value the owner would keep after paying off known loans. It is our estimate minus the loans still owed.$0
Est. Lendable EquityThe part of the owner's equity a lender would typically let them borrow against — about 80% of their equity.$0
Loan-to-ValueHow much is still owed on the home compared to what it is worth. 80% means loans equal 80% of our estimate, so it shifts when the estimate does.121%
1st MortgageA loan still believed to be open on this home, in the order lenders get repaid. The first position is paid back before the second.$962,500
WELLS FARGO BK · recorded May 2, 2018
2nd MortgageA loan still believed to be open on this home, in the order lenders get repaid. The first position is paid back before the second.$794,000
WELLS FARGO BK

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$26,117 (2025)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$1,689,700 (2025)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$213,400
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$1,476,300
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$1,614,300
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$1,689,700

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Residential (General/Single)
CountyHENNEPIN
Lot (acres)The size of the land the home sits on, from county records.0.52
ConstructionThe main material the home's frame and walls are built from.Wood (Unspecified)
RoofThe main material covering the roof, such as asphalt shingle or tile.Composition Shingle
HeatingThe type of heating system in the home.Floor/Wall Furnace
CoolingThe type of cooling or air conditioning in the home.Package
GarageWhether the property has a garage, and details like whether it is attached to the home.Garage, Attached
PoolWhether the property has a pool, and what kind, such as in-ground.No

Transaction History(6)

Sales and refinances filed with the county for this home. Not every transfer is a normal sale, so check the type before comparing prices.

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

E
Groveland ElementaryA+
Elementary · Grades KG–5 · 0.2 mi
M
Minnetonka Middle School EastA
Middle · Grades 6–8 · 0.8 mi
H
Minnetonka High SchoolA+
High · Grades 9–12 · 2.2 mi

District: Minnetonka Public School District

Neighborhood · ZIP 55345These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.60
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.94
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.11

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.96%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.39%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.4.3%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.0.9%
PopulationHow many people live in this area.22,380
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.1,931 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$130,127
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$151,732
Average tempThe average temperature here across a full year.45°F
Annual precipHow much rain and melted snow falls here in a typical year.30 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.58%

Ownership

OccupancyWhether the owner appears to live here or somewhere else. It is inferred from the mailing address on record.Owner occupied
Company ownedWhether the owner is a company or trust rather than a person.No

Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

How this home compares

3516 Rainbow Dr measured against every home in its neighborhood, its ZIP code and its county, using county assessor records refreshed nightly. A home can stand out in one of those areas and look ordinary in another, because each one holds a different mix of homes.

  • Among the most valuable homes in Groveland
  • Among the largest homes in Groveland
  • Has a bigger lot than 79% of homes in Hennepin County
  • Newer than 98% of homes in Groveland

What homes are worth in Minnetonka 55345

Each bar is how many homes fall in that price range. The marker is this home.

This home
$202K$1.2M

This home is worth more than almost all homes in Minnetonka 55345.

How it measures up in Minnetonka 55345

The dot is this home. The mark in the middle is the typical home in Minnetonka 55345.

Estimated value$1,452,931
CheaperTypical $401,741Pricier

Pricier than almost all homes nearby

Price per ft²$248
CheaperTypical $253Pricier

Pricier than 47% of homes nearby

Living area5,850 ft²
SmallerTypical 1,542 ft²Bigger

Bigger than almost all homes nearby

Lot size0.52 ac
SmallerTypical 0.51 acBigger

Bigger than 58% of homes nearby

Year built2017
OlderTypical 1968Newer

Newer than 98% of homes nearby

How 3516 Rainbow Dr ranks against every home in each area.
MeasureThis homeGrovelandMinnetonka 55345Hennepin County
Estimated valuepricier than$1,452,931almost all homesalmost all homes98% of homes
Price per ft²pricier than$24848% of homes47% of homes62% of homes
Living areabigger than5,850 ft²almost all homesalmost all homesalmost all homes
Lot sizebigger than0.52 ac74% of homes58% of homes79% of homes
Year builtnewer than201798% of homes98% of homes96% of homes

About 3516 Rainbow Dr

How much is 3516 Rainbow Dr, Minnetonka, MN worth?

The TopHap Estimate for 3516 Rainbow Dr, Minnetonka, MN is $1,452,931 as of Jul 14, 2026. The likely range is $1,282,823 to $1,623,039. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 3516 Rainbow Dr, Minnetonka, MN last sell?

3516 Rainbow Dr, Minnetonka, MN last sold on May 2, 2018 for $1,375,000, according to the county's recorded deed. TopHap holds 6 recorded sales for this parcel.

How big is 3516 Rainbow Dr, Minnetonka, MN?

3516 Rainbow Dr, Minnetonka, MN has 10 bedrooms, 5,850 square feet of living space and a 0.52-acre lot.

When was 3516 Rainbow Dr, Minnetonka, MN built?

3516 Rainbow Dr, Minnetonka, MN was built in 2017, making it 9 years old.

What schools serve 3516 Rainbow Dr, Minnetonka, MN?

3516 Rainbow Dr, Minnetonka, MN is assigned to Groveland Elementary (elementary), rated A+; Minnetonka Middle School East (middle), rated A; Minnetonka High School (high), rated A+. All sit in Minnetonka Public School District. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 3516 Rainbow Dr, Minnetonka, MN compare to other homes in Minnetonka 55345?

Among the 7,968 homes in Minnetonka 55345, it is worth more than almost all of them ($1,452,931 against a typical $401,741), its price per square foot is higher than 47% of them ($248 against a typical $253), it is bigger than almost all of them (5,850 ft² against a typical 1,542 ft²), its lot is bigger than 58% of them (0.52 ac against a typical 0.51 ac) and it is newer than 98% of them (2017 against a typical 1968). Measured against all of Hennepin County, it is worth more than 98% of homes there. These shares are recounted nightly from the full county assessor record for each area, not from active listings.

What are the property taxes on 3516 Rainbow Dr, Minnetonka, MN?

The 2025 property tax bill for 3516 Rainbow Dr, Minnetonka, MN was $26,117. The county assessed it at $1,689,700.

Closest homes

More homes in Minnetonka 55345

Assigned schools

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