3538 Rainbow Dr, Minnetonka, MN 55345 Property Records

Hennepin County property record for 3538 Rainbow Dr, Minnetonka, MN 55345

Property Summary

Property Type	Single Family Home
Details	4 bd · 5.5 ba · 2,069 sqft · built 1959
Lot Size	0.56 acres (24,394 sqft)
Owner	2 Individual Names on File
Last Sale	$538,350 (Jun 2017)
Tax Bill	$10,688 (2025)
Deeds & Mortgages	Nov 2021 Mortgage Sep 2019 Mortgage + 2 more
Flood Zone	Zone X (minimal risk)
APN	`17-117-22-32-0072`

Property Details

APN / Parcel Number

Primary APN	`17-117-22-32-0072`

Interior

Bedrooms	4 Beds
Full Baths	5.5 Baths
Total Rooms	9 Rooms
Stories	1 Story
Building Area	2,069 sqft Living Area
Gross Area	3,159 sqft
1st Floor Area	2,069 sqft
Basement Area	1,090 sqft
Flooring	Carpet
Fireplaces	1 Fireplace
Fireplace	Fireplace

Exterior

Year Built	Built 1959
Effective Year Built	Effective 2000
Architectural Style	Ranch
Construction Type	Wood
Roof Type	Hip
Roof Material	Other
Lot Area	24,394 sqft (0.56 acres)
Garage Type	Basement
Garage Area	894 sqft
Porch	Open Porch
Porch Area	367 sqft

Utilities, Heating & Cooling

Cooling System	Package A/C
Heating System	Floor/Wall Furnace
Heating Fuel	Electric

Location & Zoning

Street Address	3538 RAINBOW DR
City	MINNETONKA
State	MN
Zip	55345-1033
Property Category	Residential
Property Type	Residential > Single Family > Home
Local Zoning Code	R1
Legal Description	LOT 006 BLOCK 003 A W A ACKERMANS GROVELAND MANOR LOT 6 AND THAT PART OF LOT 8 LYING EAST OF A LINE DRAWN FROM THE NORTHWEST CORNER OF SAID LOT 6 TO A POINT ON THE SOUTHEAST LINE OF SAID T IRREGULAR
Legal Range	22
Legal Township	117
Legal Section	17
Legal Quarter	32
Legal Subdivision	W A ACKERMANS GROVELAND MANOR
Legal Block	3
Legal Lot Number	6
Jurisdiction	HENNEPIN MN
Township / Civil Division	MINNETONKA
Census Block Group	1
Census Block	1010
Census Tract	26302

Owner

3538 Rainbow Dr is owned and occupied by two individuals who acquired it in August 2021.

Source: Hennepin County records, as of June 23, 2026

Owner of Record	2 Individual Names on File
Mailing Address	3538 RAINBOW DR, MINNETONKA, MN 55345-1033
Occupancy	Owner Occupied
Owner Type	Individual

Owner names and exact recorded amounts are on file and can be viewed instantly on this page with a free 10-day trial.

Deeds, Mortgages & Sale History

Date	Document
Nov 4, 2021	Intrafamily Transfer, Transfer · Conventional Mortgage BANK OF AMERICA NA
Sep 26, 2019	Deed of Trust, Mortgage · Conventional Mortgage BELL BK
Sep 26, 2019	Deed of Trust, Mortgage · Line of Credit BELL BK
Jun 5, 2017	Warranty Deed, Transfer · Conventional Mortgage KLEIN BK

Assessor's Deed Record

Deed Names	2 Names on Deed
Last Sale	Jun 5, 2017 · Amount on File
Deed Sale	Jun 5, 2017 · Amount on File
Prior Sale	May 18, 2006 · Amount on File
Deed Document Number	20175449698
Last Transfer Date	Aug 12, 2021
Transfer Doc	0005893992
Record Updated	Oct 29, 2026

November 2021: Intrafamily Transfer, Transfer

Document Type	Intrafamily Transfer
Jurisdiction	HENNEPIN MN
Recording Date	Nov 4, 2021
Property Address	3538 RAINBOW DR, MINNETONKA, MN 55345-1033
Document Number	0T05893992
Instrument Date	Aug 12, 2021
Instrument	T05893992
Transaction Type	Transfer
Record Updated	Nov 23, 2021
Title Company	ACCOMODATION, ACCOMMODATION

Transaction

Tax	$0.00
Amount Accuracy	No Consideration Stated
Additional	Intrafamily Transfer

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Joint Tenants with Right of Survivorship
Address	3538 RAINBOW DR, MINNETONKA, MN 55345-1033

Mortgage

Document Number	0T05893993
Date	Nov 4, 2021
Instrument	T05893993

Lender

Name	BANK OF AMERICA NA
Type	Bank

Agreement

Type	Conventional Mortgage
Amount	Amount on Record
Term	178 Months
Due	Sep 1, 2036

September 2019: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	HENNEPIN MN
Property Address	3538 RAINBOW DR, MINNETONKA, MN 55345-1033
Document Number	0005650375
Instrument Date	Sep 26, 2019
Transaction Type	Mortgage
Record Updated	Oct 22, 2019
Title Company	OTHER

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	3538 RAINBOW DR MINNETONKA MN 553451033, MINNETONKA, MN 55345-1033

Mortgage

Document Number	0005650375
Date	Oct 3, 2019
Instrument	5650375

Lender

Name	BELL BK
Address	FARGO, ND 58103

Agreement

Type	Conventional Mortgage
Amount	Amount on Record
Term	360 Months
Due	Oct 2, 2049

September 2019: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	HENNEPIN MN
Property Address	3538 RAINBOW DR, MINNETONKA, MN 55345-1033
Document Number	0005650376
Instrument Date	Sep 26, 2019
Transaction Type	Mortgage
Record Updated	Oct 22, 2019
Title Company	OTHER

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	3538 RAINBOW DR MINNETONKA MN 553451033, MINNETONKA, MN 55345-1033

Mortgage

Document Number	0005650376
Date	Oct 3, 2019
Instrument	5650376

Lender

Name	BELL BK
Address	FARGO, ND 58106-0877

Agreement

Type	Line of Credit
Amount	Amount on Record
Term	240 Months
Due	Oct 2, 2039

Interest

Rate Type	Adjustable Rate

June 2017: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	HENNEPIN MN
Recording Date	Jun 5, 2017
Property Address	3538 RAINBOW DR, MINNETONKA, MN 55345-1033
Document Number	0005449698
Instrument Date	May 30, 2017
Instrument	5449698
Transaction Type	Transfer
Record Updated	Jul 3, 2017
Title Company	LIBERTY TITLE

Transaction

Amount	Amount on Record
Downpayment	Downpayment on Record
Loan-to-Value (LTV)	LTV on Record
Tax	$1,830.00
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Joint Tenants with Right of Survivorship
Address	3538 RAINBOW DR MINNETONKA MN 553451033, MINNETONKA, MN 55345-1033

Mortgage

Document Number	5449699
Date	Jun 5, 2017
Instrument	5449699

Lender

Name	KLEIN BK
Type	Bank
Address	CHASKA, MN 55318

Agreement

Type	Conventional Mortgage
Amount	Amount on Record
Term	360 Months
Due	Jun 4, 2047

Tax Assessment & Valuation

The 2025 property tax bill for 3538 Rainbow Dr was $10,688.

Source: Hennepin County assessment roll, as of June 23, 2026

Property Jurisdictions

Type	Name
State	Minnesota
County	Hennepin County
Municipality	Minnetonka City
Unified School District	Minnetonka Public School District (PK - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2025	$10,688.00	$740,300 Land $213,400 Building $526,900	$740,300 Land $213,400 Building $526,900
2023	$9,010.00 Homeowner's exemption
2022		$680,900 Land $213,400 Building $467,500	$680,900 Land $213,400 Building $467,500

Assessed value and assessed market value are set for property tax purposes and are not market price estimates.

Flood

FEMA maps place 3538 Rainbow Dr in Zone X, an area of minimal flood risk.

Source: FEMA National Flood Hazard Layer, effective December 25, 2025 · OpenFEMA NFIP redacted claims and policies, as of September 2026

FEMA Flood Zone	Zone X minimal risk
Flood Insurance Requirement	Not required lenders may require it
Nearby Flood Policies	1 in force

Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.

Wildfire

Wildfire risk around 3538 Rainbow Dr is low, with a 0.02% annual chance of wildfire.

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire Risk	Low lower than 93% of the US · lower than 78% of Minnesota
Wildfire Likelihood	0.02% annual chance
Exposure	None beyond ember reach

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water System	Minnetonka serves 54,474 people · EPA ID MN1270031
Water Source	Groundwater
Last State Inspection	Feb 2025
Lead	Under 1 ppb (2023) action level 15 ppb
Copper	1.4 mg/L (2017–2019) action level 1.3 mg/L

Violations Reported to EPA

Water Quality	None last 10 years
Treatment and Procedure	None last 10 years
Monitoring and Reporting	None last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes. This system sells water to local utilities; the supplier billing this address may be one of them.

Internet Providers

Source: FCC Broadband Data Collection, based on 173 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Xfinity Cable	1,200 / 35
T-Mobile Fixed Wireless	100 / 20

May also be available: Mediacom Xtream.

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