2 months on rocket

1551 River Ter, Minneapolis, MN, 55414

$614,900

Home List Price

$7,302*

Closing Credit

4 Bedrooms
2 Full Baths
3,075 SqFt
$200/SqFt
House

Location

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1551 River Ter, Minneapolis$614,900

Buyer Closing Credits

$7,302*

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

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: $614,900
  • Price Per SqFt: $200/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

$349.8K

Med. Price/SqFt

$202

Avg. Days On Market

34

# of Sold Homes

978

1551 River Ter vs Minneapolis

69 DAYS ON ROCKET

+35 Days

$614,900

+$265K More

$200/SqFt

-$2 Less

KEY TAKEAWAY

This property is $265K more than the Median Sold Price and $2/SqFt less 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: 11/21/2024, 9:22:48 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

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Rate/APR

7.5% / 6.68%

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NMLS#3030

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-243462
4
/10

  • Pratt Community School

  • 66 Malcolm Ave SE

  • 0.41 miles

  • Public District Grades PK-5

school-card-donut-243463
1
/10

  • Anishinabe Academy

  • 3100 E 28th St

  • 0.87 miles

  • Public Magnet Grades PK-5

school-card-donut-243464
2
/10

  • Minnesota Transitions Charter Elementary School

  • 2526 27th Ave S

  • 0.98 miles

  • Public Charter Grades KG-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $78,125. Typical income of Minneapolis, MN residents is between $100k-200k annually. 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 1551 River Ter

What is the listing price of this property?

The listing price of 1551 River Ter property is $614,900.

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.

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 $614,900.

In October 2024 more than 356 listings in Minneapolis, MN were sold above the asking price. During the same period more than 223 listings were sold at asking price, while more than 399 were sold below. The inventory of homes for sale in Minneapolis, MN between September 2024 and October 2024 increased by 9.3%. In October 2024, listings were on the market for 34 days. During the same period, the median list price in this real estate market was $349,843.

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

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