I noticed your question from quite a while ago on trulia about how is the market and whether doing a refinance on your home in 2008 was a good idea. Right now (April 2013), the market has gotten extremely good and prices have increased. You might want to re-look at the refinancing with the low interest rates and the increase in property values.
My office is just down the road from you off the 13, so I know the Prior Lake area well. Looking at the solds in the area for 2008, and the two that are currently for sale on your street, I would estimate that your home would fetch between $280,000 -$310,000, seeing as you mention is does need some updating. Good luck with the refi, and if you have any further questions, please feel free to contact me. Merry Christmas!
If you need a couple names of lenders I recommend, let me know.