16551 Franklin Trail SE - Photo 1
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16551 Franklin Trail SE
16551 Franklin Trail SE
16551 Franklin Trail SE
16551 Franklin Trail SE
16551 Franklin Trail SE

16551 Franklin Trail SE, Prior Lake, MN 55372 - MLS# 7146257

MLS® #: 7146257|Days on Market: 15|Listed: Oct 13, 2026

$330,000

Bedrooms
3
Bathrooms
2
Square Feet
1,845
Acres
0.27
Year Built
1976
Property Type
Residential
Heating
Natural Gas, Forced Air, Fireplace(s)
Cooling
Central Air
Garages
2
Days on Market
15
School District
719 - Prior Lake-Savage Area Schools

Welcome to this 3-bedroom, 2-bath home in a convenient Prior Lake location, offering 1,845 finished square feet of comfortable living space. The main level features a bright living room, a kitchen with white cabinetry, a peninsula for extra counter space and a window over the sink, and an adjoining dining area with plenty of natural light. Two bedrooms and an updated full bath with a crisp tile surround and modern vanity complete this level. Downstairs, the spacious lower level is made for gathering, with a large family room anchored by a gas fireplace, a separate rec room or flex space with its own brick hearth, a third bedroom, and a 3/4 bath. A walkout from the lower level leads to a patio and a fully fenced, private backyard surrounded by beautiful mature trees, a great setting for fires, gardening, and outdoor entertaining. A 2-car attached garage with workshop space adds everyday convenience, and the unfinished laundry and mechanical room offers additional storage space. With room to spread out inside and out, this home is ready for its next owner to make it their own. Plus, enjoy an unbeatable location within walking distance of downtown Prior Lake, Lakefront Park, Charlie’s On Prior, and the lake itself, with great restaurants, shopping, parks, beaches, and all that Prior Lake has to offer.

16551 Franklin Trail SE, Prior Lake, MN 55372

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Interior Information

BasementFinished, Full, Walkout
AppliancesDishwasher, Dryer, Microwave, Range, Refrigerator, Washer
CoolingCentral Air
HeatingForced Air, Fireplace(s)
FuelNatural Gas
Fireplaces1
Fireplace FeaturesFamily Room, Gas
Dining RoomEat In Kitchen, Informal Dining Room
Interior AmenitiesDeck, Kitchen Window

Size & Levels

LevelsSplit Entry (Bi-Level)
Total Finished Sq Ft2,016 sq ft
Above Grade Finished1,020 sq ft
Below Grade Finished825 sq ft
Main Level Finished1,020 sq ft

Bathrooms

Full Baths1
3/4 Baths1
Bathroom Details3/4 Basement, Main Floor Full Bath

Rooms

Upper Level Rooms

Living Room13' x 15'5"
Informal Dining Room10' x 9'
Kitchen10' x 8'5"
Bedroom13'5" x 11'
Bedroom 29'5" x 12'
Deck16' x 10'

Lower Level Rooms

Family Room13' x 17'
Bedroom 38'5" x 12'5"
Patio24' x 12'
Recreation Room13'5" x 14'5"

Exterior & Parking

ExteriorWood
FoundationBlock
Patio / PorchDeck
Garage Stalls2
Garage Size26x22 (596 sq ft)
ParkingAttached Garage, Garage Door Opener

Lot & Utilities

Property SubtypeSingle Family
Lot Size0.27 acres
Lot Dimensions84x159x73x149
Lot DescriptionTree Coverage - Medium
ZoningResidential-Single Family
SubdivisionPrior South
TownshipPrior Lake
CountyScott
SewerCity Sewer/Connected
WaterCity Water/Connected
Road FrontageCity Street
FencingChain Link, Full

Financial & Tax Information

Annual Taxes$4,356
Tax Year2026
Tax w/ Assessments$4,356
Assessment PendingNo
Parcel Number250170050
Financing OptionsConventional, VA, FHA, Cash
List TypeExclusive Right To Sell

Location

Call 612-356-2121For Showings and Questions

Neighborhood at a Glance

In this neighborhood, homes were most commonly built in 2000-2009, about 77% of occupied homes are owner-occupied, and the average commute is 23 minutes.

Cost of Ownership

Median home value

$385,400

Lower than the Prior Lake median

The midpoint of estimated values for owner-occupied homes.

Median property taxes paid

$3,897/yr

Lower than the Prior Lake median

The midpoint of annual property taxes paid by homeowners.

Typical monthly owner costs (with mortgage)

$2,308/mo

Lower than the Prior Lake median

Median monthly housing costs for owners with a mortgage.

Typical monthly owner costs (no mortgage)

$745/mo

Lower than the Prior Lake median

Median monthly housing costs for owners without a mortgage.

Median rent

$1,365/mo

Lower than the Prior Lake median

The midpoint of monthly gross rent, including utilities.

Homes in the Area

Owner-occupied homes

77%

Lower than Prior Lake overall

The share of occupied homes lived in by their owners.

Median year built

2001

Similar to the Prior Lake median

The midpoint of years when homes in the area were built.

Home age by decade

The share of homes built during each period.

  • 2010-201912%
  • 2000-200941%
  • 1990-199922%
  • 1980-19899%
  • 1970-197910%

Types of homes

The share of housing units in each building type.

  • Single-family detached47%
  • Townhome / attached28%
  • 5+ units21%

Getting Around

Average commute

23 min

Lower than the Prior Lake median

The average one-way travel time to work for commuters.

How people get to work

The share of workers using each listed way to get to work.

  • Drive alone66%
  • Carpool8%
  • Work from home24%

Homes with broadband

93%

Similar than Prior Lake overall

The share of households with a broadband internet subscription.

Estimates for the surrounding census tract, not this specific home.

Source: U.S. Census Bureau, American Community Survey 2020-2024 5-year estimates. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Schools

Prior Lake-Savage Area Schools

This home is in the Five Hawks Elementary, Prior Lake-Savage Middle School and Prior Lake High School attendance areas of Prior Lake-Savage Area Schools.

Elementary

Five Hawks Elementary

Grades K-5 · 0.8 mi away

Enrollment
454
Students per teacher
17.5

16620 Five Hawks Ave SE, Prior Lake, MN 55372

(952) 226-0100

Middle

Prior Lake-Savage Middle School

Grades 6-8 · 1.2 mi away

Enrollment
2,025
Students per teacher
19.5

15855 Fish Point Rd, Prior Lake, MN 55372

(952) 226-0700

High

Prior Lake High School

Grades 9-12 · 2.5 mi away

Enrollment
2,856
Students per teacher
20.7

7575 150th St W, Savage, MN 55378

(952) 226-8600

School assignments can change. Verify enrollment with Prior Lake-Savage Area Schools.

Sources: Minnesota Department of Education attendance areas (2025-26); NCES Common Core of Data 2024 via the Urban Institute Education Data Portal.

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Listed by: Keller Williams Preferred Rlty
Source: NorthstarMLS

Copyright 2026 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved. Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Pederson Realty are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.