Powers Ridge Condominiums 1321 Lake Dr W Unit 124 Chanhassen, MN 55317
2
Beds
2
Baths
1,066
Sq Ft
$380/mo
HOA Fee
Highlights
- Heated In Ground Pool
- 1-Story Property
- Dining Room
- Chanhassen Elementary School Rated A
- Forced Air Heating and Cooling System
About This Home
As of January 2025Another opportunity to own this well-priced condo in Chanhassen as previous buyers' financing fell through. . 2 bedroom 2 bath unit in a great location within the building near the elevator for the underground parking (seven steps away). There is also a side exit to the parking lot steps from the front door of the unit. Private mailbox station, lobby, book library, and workout room in the building. Underground, heated garage space, floor drain car wash area, locked storage near garage space plus extra temp-controlled private storage closet. Other association amenities include a large deck with grills, a dining/gathering room with a full kitchen, playground equipment, a picnic area with grills, an indoor pool and hot tub in the community building, a computer room, and a conference room. Many of the common areas have been recently updated with new paint and carpet.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $1,604
Year Built
- Built in 2001
HOA Fees
- $380 Monthly HOA Fees
Parking
- 1 Car Garage
- Assigned Parking
Interior Spaces
- 1,066 Sq Ft Home
- 1-Story Property
- Living Room with Fireplace
- Dining Room
Kitchen
- Range
- Microwave
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Full Bathrooms
Laundry
- Dryer
- Washer
Additional Features
- Heated In Ground Pool
- Forced Air Heating and Cooling System
Listing and Financial Details
- Assessor Parcel Number 256350231
Community Details
Overview
- Association fees include maintenance structure, cable TV, hazard insurance, lawn care, ground maintenance, parking, professional mgmt, trash, security, shared amenities, snow removal, water
- First Service Residential Association, Phone Number (952) 361-9400
- Low-Rise Condominium
- Powers Ridge Condo Homes Subdivision
Recreation
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 5, 2022
Closed on
Feb 10, 2023
Sold by
Busch Michael
Bought by
Johnson Theresa and Johnson David
Seller's Agent
Brian Gute
RE/MAX Advantage Plus
Buyer's Agent
Austin Hardy
eXp Realty
List Price
$199,900
Sold Price
$199,900
Views
28
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
-$13,106
Avg. Annual Appreciation
-2.88%
Original Mortgage
$197,900
Outstanding Balance
$192,562
Interest Rate
6.12%
Mortgage Type
New Conventional
Estimated Equity
-$6,402
Purchase Details
Closed on
Feb 27, 2020
Sold by
Belrose William William
Bought by
Busch Michael Michael
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,600
Interest Rate
3.45%
Purchase Details
Closed on
Jul 1, 2016
Sold by
Prcm Acquisitions Xii Llc
Bought by
Belrose William M and Belrose Etta Jane
Purchase Details
Closed on
Jul 20, 2011
Sold by
Powers Ridge Development Inc
Bought by
Powers Ridge Properties Llc
Similar Home in Chanhassen, MN
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 |
|---|---|---|---|
| Deed | $199,900 | -- | |
| Deed | $176,600 | -- | |
| Warranty Deed | $139,900 | Burnet Title | |
| Warranty Deed | $4,100,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $197,900 | New Conventional | |
| Previous Owner | $126,600 | No Value Available | |
| Previous Owner | -- | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/15/2025 01/15/25 | Sold | $183,500 | -0.8% | $172 / Sq Ft |
| 12/19/2024 12/19/24 | Pending | -- | -- | -- |
| 11/06/2024 11/06/24 | Price Changed | $184,900 | -2.6% | $173 / Sq Ft |
| 09/23/2024 09/23/24 | Price Changed | $189,900 | -2.6% | $178 / Sq Ft |
| 09/03/2024 09/03/24 | Price Changed | $194,900 | -2.5% | $183 / Sq Ft |
| 08/20/2024 08/20/24 | Price Changed | $199,900 | -2.5% | $188 / Sq Ft |
| 08/08/2024 08/08/24 | Price Changed | $205,000 | -4.7% | $192 / Sq Ft |
| 07/15/2024 07/15/24 | For Sale | $215,000 | +7.6% | $202 / Sq Ft |
| 02/10/2023 02/10/23 | Sold | $199,900 | 0.0% | $188 / Sq Ft |
| 01/06/2023 01/06/23 | Pending | -- | -- | -- |
| 01/05/2023 01/05/23 | For Sale | $199,900 | 0.0% | $188 / Sq Ft |
| 12/12/2022 12/12/22 | Off Market | $199,900 | -- | -- |
| 11/05/2022 11/05/22 | Pending | -- | -- | -- |
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 | $1,976 | $209,100 | $45,000 | $164,100 |
| 2024 | $2,040 | $210,800 | $45,000 | $165,800 |
| 2023 | $1,782 | $210,800 | $45,000 | $165,800 |
| 2022 | $1,604 | $188,500 | $38,800 | $149,700 |
| 2021 | $1,500 | $149,300 | $32,300 | $117,000 |
| 2020 | $1,556 | $150,600 | $32,300 | $118,300 |
| 2019 | $1,412 | $133,800 | $29,400 | $104,400 |
| 2018 | $1,356 | $133,800 | $29,400 | $104,400 |
| 2017 | $1,420 | $126,800 | $29,400 | $97,400 |
| 2016 | $1,558 | $112,900 | $0 | $0 |
| 2015 | $1,274 | $94,500 | $0 | $0 |
| 2014 | $1,274 | $85,700 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Austin Hardy
Seller's Agent in 2025
Austin Hardy
eXp Realty
(952) 356-6013
3 in this area
102 Total Sales
-
Parker Pemberton
Seller Co-Listing Agent in 2025
Parker Pemberton
eXp Realty
(952) 254-4348
13 in this area
1,152 Total Sales
-
Brian Gute
Seller's Agent in 2023
Brian Gute
RE/MAX Advantage Plus
(952) 856-0280
4 in this area
56 Total Sales
About Powers Ridge Condominiums
Map
Source: NorthstarMLS
MLS Number: 6306503
APN: 25.6350231
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