7 months on rocket

2500 Lake Pl, Minneapolis, MN, 55405

$2,374,000

Home List Price

$10,000*

Closing Credit

6 Bedrooms
3 Full Baths, 1 Partial
9,913 SqFt
$239/SqFt
House

Location

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2500 Lake Pl, Minneapolis$2,374,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingAttached Garage, Heated Garage, Insulated Garage
Attached Garage2 spaces
Year Built1909
HeatingFireplace(s), Radiant
CoolingCentral Air
BasementYes
WaterfrontLake
FireplaceFamily Room, Living Room, Primary Bedroom, Other, Wood Burning
ViewLake
MLS #6516820
StatusActive

About 2500 Lake Pl

The recent transformation of this home will astound you! Now, it truly melds the original exquisite craftsmanship and timeless design, with contemporary stylish finishes. Upon entering the home, you see how the fresh newly enameled millwork lives side by side with the warm finishes of this turn of the century Arts&Crafts masterpiece. From the gracious living room, dining room and stunning office/sunroom, one seamlessly enters the kitchen/family room. The large, impressive kitchen is gracefully situated adjacent to a spacious open and airy family room where the enameling of the cabinetry is truly a thing of beauty. Numerous large windows treat the viewer with wonderful views of the outdoor terrace, pool and deck. The home is brilliantly sited forward on this large lot creating a private country club type setting in the backyard. Imagine dining on the large deck offering spectacular views of Lake of the Isles while just a few steps down a state-of-the-art pool, tasteful hardscapes, garden & pergola perfect for spring, summer and fall gatherings. The warmth, comfort & distinguished design carry through to the interiors as well. The essence of the 1909 structure, with its Prairie School beginnings, has been carefully preserved and enhanced. A full renovation in 2018 created a glorious kitchen w/a 10ft quartzite island, the highest-grade appliance & master crafted cabinetry. Likewise, in 2019 & 2023 the backyard was transformed into an urban oasis.

Property Details

Property Features

Property Information:

  • Year Built: 1909
  • Living Area: 9,913 SqFt

Listing Office:

  • Office Name: Lakes Sotheby's International

Interior Features

Interior Information:

  • Basement: Yes
  • Fireplace: Family Room, Living Room, Primary Bedroom, Other, Wood Burning

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 3
  • Total Bedroom Count: 6

Exterior Features

Exterior Information:

  • Waterfront: Lake
  • View: Lake

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: Yes
  • Parking: Attached Garage, Heated Garage, Insulated Garage

Lot Features

Lot Information:

  • Lot: Corner Lot, Some Trees

Utilities

Utilities Information:

  • Heating: Fireplace(s), Radiant
  • Cooling: Central Air

Other

Directions Information:

  • Directions: Hennepin Ave to 25th St, west to Lake Pl, south/left to home.

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,374,000
  • Price Per SqFt: $239/SqFt

Tax Information:

  • Annual Amount: $37,763
  • Tax Year: 2020
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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

2500 Lake Pl vs Minneapolis

225 DAYS ON ROCKET

+191 Days

$2,374,000

+$2.0M More

$239/SqFt

+$37 More

KEY TAKEAWAY

This property is $2.0M more than the Median Sold Price and $37/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: #6516820

Listing Office:

  • Office Name: Lakes Sotheby's International

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Last updated on: 11/21/2024, 11:52:47 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Sep 13, 2017Home Sold
$2,175,600

Tax History

YEARPROP. TAXASSESSMENT
2020$37,763$2,399,500
2019$39,077$2,299,500
2018$40,143$2,299,500
2017$37,758$2,149,000

History based on county public records data.

Payment Calculator

$11.9K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$7,184

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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-477559
4
/10

  • Kenwood Community School

  • 2013 Penn Ave S

  • 0.41 miles

  • Public District Grades KG-5

school-card-donut-477560
2
/10

  • Whittier International Baccalaureate World School

  • 315 W 26th St

  • 0.90 miles

  • Public Magnet Grades PK-5

school-card-donut-477561
2
/10

  • Emerson Elementary School

  • 120 W 15th St

  • 1.27 miles

  • Public Magnet Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $119,231. Residents of Minneapolis, MN typically earn between $100k-200k each year. Residents typically live in single, no kids family. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 2500 Lake Pl

What is the listing price of this property?

The listing price of 2500 Lake Pl property is $2,374,000.

What type of property is this?

The property 2500 Lake Pl is a house located in Minneapolis, Minnesota, 55405.

Is this property for sale now?

Active Listing: 2500 Lake Pl 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 $37,763 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on September 13, 2017 for $2,175,600. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 2500 Lake Pl has 6 bedrooms and 3 full and 1 half bathrooms.

What is the square footage of this property?

The property 2500 Lake Pl is 9,913 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 2500 Lake Pl is 1909.

Rocket Homes›Minnesota›Hennepin County›Minneapolis›55405›2500 Lake Pl

This home is located at 2500 Lake Pl in Minneapolis, MN and zip code 55405 in the Lake of the Isles neighborhood. This 9,913 square foot home was built in 1909. Features: 6 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since April 10, 2024 and is currently priced at $2,374,000.

While more than 356 listings in Minneapolis, MN in October 2024 were sold above asking price, there were more than 223 listings sold at asking price, and 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%. The median list price of listings available in October 2024 was $349,843, while the average time on the real estate market was 34 days.

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

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