8 days on rocket

1551 River Ter, Minneapolis, MN, 55414

$679,900

Home List Price

$8,074*

Closing Credit

4 Bedrooms
2 Full Baths
3,075 SqFt
$221/SqFt
House

Location

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1551 River Ter, Minneapolis$679,900

Buyer Closing Credits

$8,074*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingAttached Garage, Asphalt
Attached Garage2 spaces
Year Built1928
HeatingBaseboard, Ductless, Forced Air
CoolingCentral Air
BasementYes
MLS #6583932
StatusActive

About 1551 River Ter

This stately home is proudly offered to a new owner, nestled on a quiet, tree-lined street in the desirable Prospect Park neighborhood, and set on an oversized lot. The spacious yard invites various outdoor activities, featuring a level, lush backyard and a charming cafe-style patio in the front. Inside, the home has been thoughtfully remodeled to accommodate contemporary lifestyles. It showcases a large, bright gourmet kitchen the flows into the living room, along with a formal dining room and a convenient main-floor bedroom and bathroom. Upstairs, you'll find three additional bedrooms, including an exceptional grand owner's suite, which boasts a luxurious whirlpool tub, a walk-in shower, double sinks, and a generous walk-in closet. The lower level has egress windows and high ceilings to make it perfect for gatherings and additional living space. Every room has been beautifully curated. The property is a block away from The Mississippi River, Restaurants, university and shopping.

Property Details

Property Features

Property Information:

  • Year Built: 1928
  • Living Area: 3,075 SqFt

Listing Office:

  • Office Name: Coldwell Banker Realty

Interior Features

Interior Information:

  • Appliances: Cooktop, Dishwasher, Double Oven, Dryer, Gas Water Heater, Refrigerator, Stainless Steel Appliances, Washer
  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 4

Exterior Features

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: Yes
  • Parking: Attached Garage, Asphalt

Lot Features

Lot Information:

  • Lot: Some Trees

Utilities

Utilities Information:

  • Heating: Baseboard, Ductless, Forced Air
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • South High School, Public District Grades 9-12
  • Sanford Middle School, Public District Grades 6-8
  • Pratt Community School, Public District Grades PK-5

Other

Directions Information:

  • Directions: East River Parkway to Seymour Place SE, Left on East River Terrace

Price Information

Listing Price Info

Price Summary:

  • List Price: $679,900
  • Price Per SqFt: $221/SqFt
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Housing Market Comparison

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

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Minneapolis, MN

City

Med. Sold Price

$346.6K

Med. Price/SqFt

$202

Avg. Days On Market

26

# of Sold Homes

1065

1551 River Ter vs Minneapolis

8 DAYS ON ROCKET

-18 Days

$679,900

+$333.2K More

$221/SqFt

+$19 More

KEY TAKEAWAY

This property is $333.2K more than the Median Sold Price and $19/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: #6583932

Listing Office:

  • Office Name: Coldwell Banker Realty

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Last updated on: 9/20/2024, 10:22:48 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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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.

Elementary School

school-card-donut-156930
4
/10

  • Pratt Community School

  • 66 Malcolm Ave SE

  • 0.42 miles

  • Public District Grades PK-5

Middle School

school-card-donut-156931
4
/10

  • Sanford Middle School

  • 3524 42nd Ave S

  • 1.69 miles

  • Public District Grades 6-8

High School

school-card-donut-156932
5
/10

  • South High School

  • 3131 19th Ave S

  • 1.83 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $78,125. The most common annual income of people living in Minneapolis, MN is between $100k-200k. The most common type of family is 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 1551 River Ter

What is the listing price of this property?

The listing price of 1551 River Ter property is $679,900.

What type of property is this?

The property 1551 River Ter is a house located in Minneapolis, Minnesota, 55414.

Is this property for sale now?

Active Listing: 1551 River Ter is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 1551 River Ter are:
Pratt Community School: GreatSchools Rating 4/10
Sanford Middle School: GreatSchools Rating 4/10
South High School: GreatSchools Rating 5/10

How many bedrooms and bathrooms does this property have?

The property at 1551 River Ter has 4 bedrooms and 4 bathrooms.

What is the square footage of this property?

The property 1551 River Ter is 3,075 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1551 River Ter is 1928.

Rocket Homes›Minnesota›Hennepin County›Minneapolis›55414›1551 River Ter

This home is located at 1551 River Ter in Minneapolis, MN and zip code 55414 in the Mississippi Park neighborhood. This 3,075 square foot home was built in 1928. Features: 4 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since September 12, 2024 and is currently priced at $679,900.

Over 405 listings were sold over their listed price in August 2024 in Minneapolis, MN. In the same period over 413 listings were sold below the listed price and 247 listings were sold for the listed price. In August 2024 in Minneapolis, MN there were 2.1% more homes for sale than in July 2024. In August 2024, listings were on the market for 26 days. During the same period, the median list price in this real estate market was $346,653.

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

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