8 days on rocket

1059 Madeira Ave, Minneapolis, MN, 55405

$557,000

Home List Price

$6,614*

Closing Credit

3 Bedrooms
1 Full Bath, 1 Partial
1,536 SqFt
$363/SqFt
Townhouse

Location

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1059 Madeira Ave, Minneapolis$557,000

Buyer Closing Credits

$6,614*

1.25% Loan Amount

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Property Highlights

Home TypeTownhouse
ParkingAttached Garage, Asphalt, Shared Driveway, Garage Door Opener
Attached Garage2 spaces
Year Built1973
HeatingForced Air
CoolingCentral Air
BasementYes
FireplaceFull Masonry, Wood Burning
MLS #6640012
StatusActive

About 1059 Madeira Ave

The Cedar Lake Townhouse community is a hidden gem in Bryn Mawr, situated on nearly 5 acres with lots of green space, a pool and fountains. Quiet end-unit with east and west views and a giant deck overlooking the Minneapolis Skyline. Big, open main floor with three large bedrooms on one level. Tons of storage plus full basement ready to build out. Rough in plumbing for a potential fourth bathroom. New high-end Andersen windows throughout and all freshly painted. Well managed association. Updated R-36 attic insulation, high efficiency furnace and new AC.

Property Details

Property Features

Property Information:

  • Year Built: 1973
  • Living Area: 1,536 SqFt

Listing Office:

  • Office Name: Lakes Area Realty

Interior Features

Interior Information:

  • Appliances: Dishwasher, Dryer, Gas Water Heater, Range, Refrigerator, Stainless Steel Appliances, Washer
  • Basement: Yes
  • Fireplace: Full Masonry, Wood Burning

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bedroom Count: 3

Exterior Features

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: Yes
  • Parking: Attached Garage, Asphalt, Shared Driveway, Garage Door Opener

Lot Features

Lot Information:

  • Lot: Irregular Lot, Some Trees

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: Central Air

Other

Directions Information:

  • Directions: South frontage of 394 West of Penn to Madeira; Left on Madeira to Cedar Lake Townhouses. Visitor parking is on left. Take the steps to the main walkway. 1059 is last entry on the right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $557,000
  • Price Per SqFt: $363/SqFt

HOA Fees:

  • Amount: $600
  • Frequency: Monthly

Tax Information:

  • Annual Amount: $4,619
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Minneapolis, MN.

Map thumbnail provided by MapBox

Minneapolis, MN

City

Med. Sold Price

$349.9K

Med. Price/SqFt

$202

Avg. Days On Market

33

# of Sold Homes

889

1059 Madeira Ave vs Minneapolis

8 DAYS ON ROCKET

-25 Days

$557,000

+$207K More

$363/SqFt

+$161 More

KEY TAKEAWAY

This property is $207K more than the Median Sold Price and $161/SqFt more than other homes in Minneapolis, MN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NORTHSTAR
  • MLS Number: #6640012

Listing Office:

  • Office Name: Lakes Area Realty

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Last updated on: 12/22/2024, 3:22:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$4,619$350,000
2019$5,003$344,260
2018$4,888$326,275
2017$4,559$302,295

History based on county public records data.

Payment Calculator

$3,447

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,736

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-997558
1
/10

  • Bryn Mawr Community School

  • 252 Upton Ave S

  • 0.41 miles

  • Public District Grades PK-5

school-card-donut-997559
4
/10

  • Kenwood Community School

  • 2013 Penn Ave S

  • 0.52 miles

  • Public District Grades KG-5

school-card-donut-997560
1
/10

  • Bethune Elementary School

  • 919 Emerson Ave N

  • 1.57 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $119,531. Most Minneapolis, MN residents have annual incomes between $100k-200k. Most families are single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1059 Madeira Ave

What is the listing price of this property?

The listing price of 1059 Madeira Ave property is $557,000.

What type of property is this?

The property 1059 Madeira Ave is a townhouse located in Minneapolis, Minnesota, 55405.

Is this property for sale now?

Active Listing: 1059 Madeira Ave is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $4,619 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 1059 Madeira Ave has 3 bedrooms and 1 full and 1 half bathrooms.

What is the square footage of this property?

The property 1059 Madeira Ave is 1,536 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1059 Madeira Ave is 1973.

Rocket Homes›Minnesota›Hennepin County›Minneapolis›55405›1059 Madeira Ave

This home is located at 1059 Madeira Ave in Minneapolis, MN and zip code 55405 in the Calhoun-Isles neighborhood. This 1,536 square foot home was built in 1973. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since December 13, 2024 and is currently priced at $557,000.

Over 283 listings were sold over their listed price in November 2024 in Minneapolis, MN. In the same period over 403 listings were sold below the listed price and 203 listings were sold for the listed price. In November 2024 in Minneapolis, MN there were 6.1% less homes for sale than in October 2024. In November 2024 median list price was $349,986 and the average listing age was 33 days.

From Rocket Homes Real Estate and based on county public records data.

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