2 months on rocket

520 Ridgewood Ave Unit 103, Minneapolis, MN, 55403

$116,000

Home List Price

$1,378*

Closing Credit

1 Bedroom
1 Full Bath
625 SqFt
$186/SqFt
Condo

Location

Image provided by Mapbox

Get An Agent. Get A Mortgage.

Save BIG.

Rocket Homes logo

520 Ridgewood Ave Unit 103, Minneapolis$116,000

Buyer Closing Credits

$1,378*

1.25% Loan Amount

Rocket Homes logo

Still Have Questions? Contact Us.

Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeCondominium
ParkingAssigned, Parking Lot
Year Built1971
HeatingBaseboard
CoolingWall Unit(s)
MLS #6598271
StatusActive

About 520 Ridgewood Ave Unit 103

This charming one-bedroom condo is an incredible opportunity, currently rented for $1,029.80 and located just a mile from downtown! Enjoy a fantastic location near the Wedge Co-op, Walker Arts Center, top-notch restaurants, lakes, and the Loring Greenway Bike Trail. The unit features granite countertops, stainless steel appliances, a large walk-in closet, fresh paint, and a balcony with city views. Additional perks include free on-site laundry, assigned parking just outside the back door, and extra storage in the basement. Move-in ready and perfectly positioned for convenience and city living!

Property Details

Property Features

Property Information:

  • Year Built: 1971
  • Living Area: 625 SqFt

Listing Office:

  • Office Name: DRG

Interior Features

Interior Information:

  • Appliances: Dishwasher, Microwave, Range, Refrigerator
  • Basement: No

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 1

Exterior Features

Parking Information:

  • Attached Garage: No
  • Parking: Assigned, Parking Lot

Utilities

Utilities Information:

  • Heating: Baseboard
  • 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 on Lyndale to East on Ridgewood

Price Information

Listing Price Info

Price Summary:

  • List Price: $116,000
  • Price Per SqFt: $186/SqFt

HOA Fees:

  • Amount: $316
  • Frequency: Monthly
House and calculator

What can I afford?

Understand what home price range makes sense for your budget.

Housing Market Comparison

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

Map thumbnail provided by MapBox

Minneapolis, MN

City

Med. Sold Price

$349.8K

Med. Price/SqFt

$202

Avg. Days On Market

34

# of Sold Homes

978

520 Ridgewood Ave Unit 103 vs Minneapolis

60 DAYS ON ROCKET

+26 Days

$116,000

-$233.8K Less

$186/SqFt

-$16 Less

KEY TAKEAWAY

This property is $233.8K less than the Median Sold Price and $16/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: #6598271

Listing Office:

  • Office Name: DRG

IDX Broker Reciprocity Copyright © 2024 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved.

By searching, you agree to the EULA Terms Agreement.

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some or all of the property listings above may have been submitted to the Regional Multiple Listing Service (RMLS) by the listing broker for distribution to cooperating brokers through Broker reciprocity. Attribution of the listing broker may be found on the detail page for all properties. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.

Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited. No part of this search utility may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise. Home sale information is not an appraisal, competitive or comparative market analysis, CMA or home valuation.

DMCA Notice
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
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

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

Payment Calculator

$962

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$414

Powered By

Rocket Mortgage

Advertisement

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.

Elementary School

school-card-donut-19257
1
/10

  • Jefferson Community School

  • 1200 W 26th St

  • 0.69 miles

  • Public District Grades PK-8

High School

school-card-donut-19258
7
/10

  • Southwest High School

  • 3414 W 47th St

  • 3.63 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. The majority of Minneapolis, MN residents have income less than $35k annually. The majority of 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 520 Ridgewood Ave Unit 103

What is the listing price of this property?

The listing price of 520 Ridgewood Ave Unit 103 property is $116,000.

What type of property is this?

The property 520 Ridgewood Ave Unit 103 is a condo located in Minneapolis, Minnesota, 55403.

Is this property for sale now?

Active Listing: 520 Ridgewood Ave Unit 103 is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 520 Ridgewood Ave Unit 103 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 520 Ridgewood Ave Unit 103 has 1 bedroom and 1 bathroom.

What is the square footage of this property?

The property 520 Ridgewood Ave Unit 103 is 625 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 520 Ridgewood Ave Unit 103 is 1971.

Rocket Homes›Minnesota›Hennepin County›Minneapolis›55403›520 Ridgewood Ave Unit 103

This home is located at 520 Ridgewood Ave Unit 103 in Minneapolis, MN and zip code 55403 in the Stevens Square / Loring Heights neighborhood. This 625 square foot home was built in 1971. Features: 1 bedroom, 1 bathroom. It has been listed on Rocket Homes since September 06, 2024 and is currently priced at $116,000.

Over 356 listings were sold over their listed price in October 2024 in Minneapolis, MN. In the same period over 399 listings were sold below the listed price and 223 listings were sold for the listed price. In October 2024 in Minneapolis, MN there were 9.3% more homes for sale than in September 2024. Listings spent 34 days on the market in October 2024, and had a median list price of $349,843 during the same period.

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

More Resources