A
Seller's Agent in 2025
Adam Hunt
Fuze Real Estate
(612) 886-5543
1 in this area
22 Total Sales
Powers Ridge Condominiums 1321 Lake Dr W Unit 227 Chanhassen, MN 55317
1
Bed
1
Bath
763
Sq Ft
$524/mo
HOA Fee
Highlights
- Heated Pool
- Deck
- Elevator
- Chanhassen Elementary School Rated A
- Main Floor Primary Bedroom
- Living Room
About This Home
As of February 2025HOA fee reduced to $524/month beginning in 1/1/2025! Welcome to Powers Ridge Condominiums! This beautiful one-bedroom, one-bathroom condo boasts an open and inviting floor plan, designed for both comfort and functionality. With its southwest-facing orientation, the unit is filled with natural light, helping to keep heating costs low while creating a warm and welcoming atmosphere. The condo is part of a vibrant community offering fantastic amenities, including a well-maintained pool, hot tub, splash pad, exercise room, community room, business center, and clubhouse—perfect for staying active and connected year-round. A heated garage ensures you’ll spend less time in the cold during the winter months.Located steps from Lake Susan, with trail access right under Powers Boulevard, the property is also conveniently close to shopping, restaurants, and the library. Best of all, rentals are allowed, making this an excellent investment opportunity. A property management contract is already in place, offering a seamless entry into real estate investing. Whether you're looking for a cozy home or your next investment, this condo checks all the boxes. A quick close is possible—don’t miss out!
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $1,880
Year Built
- Built in 2001
HOA Fees
- $524 Monthly HOA Fees
Parking
- 1 Car Garage
- Parking Storage or Cabinetry
- Heated Garage
- Assigned Parking
- Secure Parking
Interior Spaces
- 763 Sq Ft Home
- 1-Story Property
- Living Room
Kitchen
- Range
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- 1 Primary Bedroom on Main
- 1 Full Bathroom
Laundry
- Dryer
- Washer
Home Security
Outdoor Features
- Heated Pool
- Deck
Utilities
- Forced Air Heating and Cooling System
Listing and Financial Details
- Assessor Parcel Number 256350267
Community Details
Overview
- Association fees include maintenance structure, hazard insurance, lawn care, ground maintenance, professional mgmt, security, shared amenities, snow removal
- Firstservice Residential Association, Phone Number (952) 361-9400
- Low-Rise Condominium
- Powers Ridge Condo Homes Subdivision
Recreation
Additional Features
- Elevator
- Fire Sprinkler System
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 2, 2024
Closed on
Feb 28, 2025
Sold by
Yumrutepe Yusuf and Yumrutepe Elizabeth
Bought by
Schwamberger George Anthony
Seller's Agent
Adam Hunt
Fuze Real Estate
Buyer's Agent
Robert Miesen
Robert Anthony Miesen Realty
List Price
$164,000
Sold Price
$154,000
Premium/Discount to List
-$10,000
-6.1%
Views
30
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$686
Avg. Annual Appreciation
-1.11%
Purchase Details
Closed on
Mar 10, 2022
Sold by
David Funding
Bought by
Yumrutepe Yusuf and Yumrutepe Elizabeth
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,800
Interest Rate
3.92%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 19, 2021
Sold by
Goodwin Barbara J and The Rebecca A Pearson Trust
Bought by
Fundingsland David
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,000
Interest Rate
3%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 14, 2019
Sold by
Pearson Rebecca A
Bought by
Goodwin Barbara J and The Rebecca Pearson Trust
Purchase Details
Closed on
Mar 7, 2019
Sold by
Goodwin Barbar J and Gillman Debra J
Bought by
Pearson Rebecca A
Purchase Details
Closed on
Jan 23, 2009
Sold by
Powers Ridge Development Inc
Bought by
Pearson Richard W and Richard W Pearson Revocable Trust
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $154,000 | Edina Realty Title | |
| Warranty Deed | $171,000 | Abstract & Title Company | |
| Deed | $155,000 | Edina Realty Title Inc | |
| Quit Claim Deed | $500 | None Available | |
| Deed | $500 | None Available | |
| Warranty Deed | $134,000 | -- | |
| Deed | $155,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $136,800 | New Conventional | |
| Previous Owner | $124,000 | New Conventional | |
| Closed | $124,000 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/28/2025 02/28/25 | Sold | $154,000 | 0.0% | $202 / Sq Ft |
| 01/19/2025 01/19/25 | Price Changed | $154,000 | -3.1% | $202 / Sq Ft |
| 12/09/2024 12/09/24 | Price Changed | $159,000 | -3.0% | $208 / Sq Ft |
| 12/02/2024 12/02/24 | For Sale | $164,000 | -- | $215 / Sq Ft |
Source: NorthstarMLS
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $1,894 | $180,600 | $45,000 | $135,600 |
| 2024 | $1,880 | $180,600 | $45,000 | $135,600 |
| 2023 | $1,444 | $180,600 | $45,000 | $135,600 |
| 2022 | $1,308 | $157,500 | $35,100 | $122,400 |
| 2021 | $1,220 | $126,300 | $29,300 | $97,000 |
| 2020 | $1,254 | $126,300 | $29,300 | $97,000 |
| 2019 | $1,132 | $112,100 | $26,400 | $85,700 |
| 2018 | $1,094 | $112,100 | $26,400 | $85,700 |
| 2017 | $966 | $107,100 | $26,400 | $80,700 |
| 2016 | $846 | $54,700 | $0 | $0 |
| 2015 | $344 | $46,000 | $0 | $0 |
| 2014 | $344 | $41,100 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Adam Hunt
-
Brian Seaton
Seller Co-Listing Agent in 2025
Brian Seaton
Fuze Real Estate
(320) 500-4397
1 in this area
49 Total Sales
-
Robert Miesen
R
Buyer's Agent in 2025
Robert Miesen
Robert Anthony Miesen Realty
(952) 474-3758
1 in this area
2 Total Sales
About Powers Ridge Condominiums
Map
Source: NorthstarMLS
MLS Number: 6636314
APN: 25.6350267
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