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Prior Lake, Minn.
Prior Lake, Minn.
Price: $695,000
Estimated value: $1,015,000*
Last sale price: $1,250,000
(July, 2006)
Bedrooms: 6
Baths: 5
Square feet: 5,540

Description: Location helps make this luxury home special. It's on a cul-de-sac and backs up on golf links. The exterior is of custom brick and stonework and there are two decks.

Inside, it's packed with features like a game room, a huge master suite, vaulted ceilings, heated floors, cherry woodwork and granite and tile throughout. It's located on the fringes of the Minneapolis metro area, about 20 miles from downtown.

According to Trulia, the median listing price in Prior Lake for a bank-owned property is actually higher than for a normal listing, $419,258 compared with $379,000, an 11% premium. The premium was unusual and may be the result of a comparatively small number of foreclosure properties in the area.

For further information: Trulia

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Last updated March 20 2008: 9:54 AM ET
*Estimated value is from an automated valuation model based primarily on comparable sales from RealtyTrac, the online marketer of foreclosed properties.