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1944 Cedar Lake Pkwy, Minneapolis, MN, 55416

$975,000

Home List Price

$10,000*

Closing Credit

3 Bedrooms
1 Full Bath
2,289 SqFt
$426/SqFt
House

Location

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1944 Cedar Lake Pkwy, Minneapolis$975,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDetached, Asphalt, Garage Door Opener
Garage2 spaces
Year Built1911
HeatingForced Air
CoolingCentral Air
BasementYes
WaterfrontLake
FireplaceWood Burning
ViewOther
MLS #6630528
StatusActive

About 1944 Cedar Lake Pkwy

A FANTASTIC TEAR-DOWN OPPORTUNITY with breathtaking views of Cedar Lake and the Minneapolis skyline! Situated on prestigious Cedar Lake Parkway and facing east, this premier lot offers unparalleled potential. The City of Minneapolis has reviewed a proposal for a modern triplex as part of their preliminary approval process, making this an incredible opportunity to build your dream home or a high-value investment property. Nestled in one of Minneapolis' most desirable neighborhoods, this lot combines tranquil natural surroundings with urban convenience, just minutes from downtown. The property currently includes a home and a detached two-car garage with additional parking, offering flexibility as you plan your build. With direct access to walking and biking trails and the serene beauty of Cedar Lake steps away, this is your chance to create a truly unique and stunning property. Don’t miss this rare opportunity in a highly sought-after location!

Property Details

Property Features

Property Information:

  • Year Built: 1911
  • Living Area: 2,289 SqFt

Listing Office:

  • Office Name: Edina Realty, Inc.

Interior Features

Interior Information:

  • Basement: Yes
  • Fireplace: Wood Burning

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Waterfront: Lake
  • View: Other

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: No
  • Parking: Detached, Asphalt, Garage Door Opener

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: Central Air

Other

Directions Information:

  • Directions: Hwy 12 to S Wayzata Blvd, Left on Grand Rounds Trail, Grand Grounds Trail turns into Cedar Lake Parkway. Home is on the right. Access home via the alley. No parking on Cedar Lake Parkway.

Price Information

Listing Price Info

Price Summary:

  • List Price: $975,000
  • Price Per SqFt: $426/SqFt

Tax Information:

  • Annual Amount: $10,678
  • 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

1944 Cedar Lake Pkwy vs Minneapolis

32 DAYS ON ROCKET

-1 Day

$975,000

+$625K More

$426/SqFt

+$224 More

KEY TAKEAWAY

This property is $625K more than the Median Sold Price and $224/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: #6630528

Listing Office:

  • Office Name: Edina Realty, Inc.

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Last updated on: 12/17/2024, 11:52:49 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$10,678$743,500
2019$11,302$729,000
2018$11,626$729,000
2017$10,843$681,500

History based on county public records data.

Payment Calculator

$4,934

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,990

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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-4426661
1
/10

  • Bryn Mawr Community School

  • 252 Upton Ave S

  • 0.80 miles

  • Public District Grades PK-5

school-card-donut-4426662
4
/10

  • Kenwood Community School

  • 2013 Penn Ave S

  • 0.82 miles

  • Public District Grades KG-5

school-card-donut-4426663
6
/10

  • Meadowbrook Elementary

  • 5430 Glenwood Ave

  • 1.58 miles

  • Public District Grades KG-6

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. The most common type of family is single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1944 Cedar Lake Pkwy

What is the listing price of this property?

The listing price of 1944 Cedar Lake Pkwy property is $975,000.

What type of property is this?

The property 1944 Cedar Lake Pkwy is a house located in Minneapolis, Minnesota, 55416.

Is this property for sale now?

Active Listing: 1944 Cedar Lake Pkwy 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 $10,678 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 1944 Cedar Lake Pkwy has 3 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 1944 Cedar Lake Pkwy is 2,289 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1944 Cedar Lake Pkwy is 1911.

Rocket Homes›Minnesota›Hennepin County›Minneapolis›55416›1944 Cedar Lake Pkwy

This home is located at 1944 Cedar Lake Pkwy in Minneapolis, MN and zip code 55416 in the Calhoun-Isles neighborhood. This 2,289 square foot home was built in 1911. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since November 15, 2024 and is currently priced at $975,000.

In November 2024 more than 283 listings in Minneapolis, MN were sold above the asking price. During the same period more than 203 listings were sold at asking price, while more than 403 were sold below. The inventory of homes for sale in Minneapolis, MN between October 2024 and November 2024 decreased by 6.1%. In November 2024, listings were on the market for 33 days. During the same period, the median list price in this real estate market was $349,986.

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

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