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

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520 Ridgewood Ave Unit 103, Minneapolis$116,000

Buyer Closing Credits

$1,378*

1.25% Loan Amount

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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)

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
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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

520 Ridgewood Ave Unit 103 vs Minneapolis

76 DAYS ON ROCKET

+42 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

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Last updated on: 11/21/2024, 8:22:47 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

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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-417259
2
/10

  • Emerson Elementary School

  • 120 W 15th St

  • 0.42 miles

  • Public Magnet Grades PK-5

school-card-donut-417260
2
/10

  • Whittier International Baccalaureate World School

  • 315 W 26th St

  • 0.63 miles

  • Public Magnet Grades PK-5

school-card-donut-417261
2
/10

  • Hennepin Elementary School

  • 2123 Clinton Ave

  • 0.76 miles

  • Public Charter Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $32,364. Most Minneapolis, MN residents have annual incomes less than $35k. The most common type of family is single, no kids. The most common level of education of people living in this area is post secondary degree.

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.

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.

In October 2024, from all listings sold in Minneapolis, MN there were more than 356 sold above asking price, over 399 sold below and more than 223 were sold right at the asked price. Between September 2024 and October 2024, Minneapolis, MN real estate market has seen increase in the number of listings 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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