3 months on rocket

504 Franklin Ave W Unit 3A, Minneapolis, MN, 55405

$210,000

Home List Price

$2,494*

Closing Credit

2 Bedrooms
1 Full Bath
959 SqFt
$219/SqFt
Condo

Location

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504 Franklin Ave W Unit 3A, Minneapolis$210,000

Buyer Closing Credits

$2,494*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingAssigned, Covered, Guest Parking
Year Built1961
HeatingBaseboard, Steam, Radiant
CoolingWall Unit(s)
MLS #6564251
StatusActive

About 504 Franklin Ave W Unit 3A

Light and bright, south facing, top floor, corner unit condo features a newly renovated bathroom, an updated kitchen, two bedrooms, an open layout and wood flooring throughout. Renovated bathroom features a custom vanity with quartz countertop, oversized subway tile and matte black fixtures. Modern kitchen with island is open to dining and living rooms and features stainless steel appliances, a gas range and a Subzero refrigerator. The unit is freshly painted, with newer window treatments throughout, including darkening shades in the primary bedroom. Newer windows on south (front) side replaced in 2020. Enjoy an assigned and covered parking stall, a community rooftop deck, free laundry and a storage room. Fantastic location is just a few steps to groceries, coffee, restaurants and nightlife. Easy walk to Lake of the Isles. Easy access to downtown and the freeway.

Property Details

Property Features

Property Information:

  • Year Built: 1961
  • Living Area: 959 SqFt

Listing Office:

  • Office Name: Verve Realty

Interior Features

Interior Information:

  • Appliances: Dishwasher, Disposal, Microwave, Range, Refrigerator, Stainless Steel Appliances
  • Basement: No

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Exterior Features

Parking Information:

  • Attached Garage: No
  • Parking: Assigned, Covered, Guest Parking

Utilities

Utilities Information:

  • Heating: Baseboard, Steam, Radiant
  • Cooling: Wall Unit(s)

School Info

Assigned Schools Information:

  • Southwest High School, Public District Grades 9-12
  • Jefferson Community School, Public District Grades PK-8

Other

Directions Information:

  • Directions: North side of Franklin Ave W, between Harriet Ave & Garfield Ave

Price Information

Listing Price Info

Price Summary:

  • List Price: $210,000
  • Price Per SqFt: $219/SqFt

HOA Fees:

  • Amount: $465
  • Frequency: Monthly
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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

504 Franklin Ave W Unit 3A vs Minneapolis

117 DAYS ON ROCKET

+83 Days

$210,000

-$139.8K Less

$219/SqFt

+$17 More

KEY TAKEAWAY

This property is $139.8K less than the Median Sold Price and $17/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: #6564251

Listing Office:

  • Office Name: Verve Realty

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Last updated on: 11/5/2024, 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

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Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

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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-18689
1
/10

  • Jefferson Community School

  • 1200 W 26th St

  • 0.64 miles

  • Public District Grades PK-8

High School

school-card-donut-18690
7
/10

  • Southwest High School

  • 3414 W 47th St

  • 3.58 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 $32,364. Residents of Minneapolis, MN typically earn less than $35k each year. 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 504 Franklin Ave W Unit 3A

What is the listing price of this property?

The listing price of 504 Franklin Ave W Unit 3A property is $210,000.

What type of property is this?

The property 504 Franklin Ave W Unit 3A is a condo located in Minneapolis, Minnesota, 55405.

Is this property for sale now?

Active Listing: 504 Franklin Ave W Unit 3A is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 504 Franklin Ave W Unit 3A are:
Jefferson Community School: GreatSchools Rating 1/10
Southwest High School: GreatSchools Rating 7/10

How many bedrooms and bathrooms does this property have?

The property at 504 Franklin Ave W Unit 3A has 2 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 504 Franklin Ave W Unit 3A is 959 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 504 Franklin Ave W Unit 3A is 1961.

Rocket Homes›Minnesota›Hennepin County›Minneapolis›55405›504 Franklin Ave W Unit 3A

This home is located at 504 Franklin Ave W Unit 3A in Minneapolis, MN and zip code 55405 in the Stevens Square / Loring Heights neighborhood. This 959 square foot home was built in 1961. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since July 11, 2024 and is currently priced at $210,000.

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 number of homes for sale in Minneapolis, MN increased by 9.3% between September 2024 and October 2024. 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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