1331 Lake Dr W Unit A304 Chanhassen, MN 55317
2
Beds
1
Bath
1,067
Sq Ft
$642/mo
HOA Fee
Highlights
- In Ground Pool
- Elevator
- Patio
- Chanhassen Elementary School Rated A
- Stainless Steel Appliances
- Living Room
About This Home
As of May 2025Welcome to luxury living at Powers Ridge Condos. Just announced: this association has lowered its dues for all owners effective January 1st. This home had a $108/month reduction in Association Dues! This beautiful condo is rare & extra special! Its uniqueness is: a wall of windows, 12-foot vaulted ceilings, and it is easy access right off the elevator and has no other units below or above it. Newly renovated w/all-new stainless-steel appliances and all-new flooring + a new chair height, elongated toilet and bathroom faucet. The kitchen has granite countertops and a large center island. Fresh paint on every wall and ceiling (no popcorn ceiling here). Experience year-round comfort w/heated underground parking (garage stall #41), storage locker, and a storage cage above the garage stall. The clubhouse has an indoor pool, hot tub, conference room & business center. Fitness room is conveniently located on the first floor. Just outside is a common patio area w/grills & outdoor seating. Powers Ridge is close to DT Chanhassen: Medical facilities, dining, shopping, biking/walking trails, Chanhassen Dinner Theater & MN Landscape Arboretum. Note: Bedroom #2 shows with glass French doors but could be either bedroom or office.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $2,169
Year Built
- Built in 2003
HOA Fees
- $642 Monthly HOA Fees
Parking
- 1 Car Garage
- Parking Storage or Cabinetry
- Heated Garage
- Garage Door Opener
- Guest Parking
- Secure Parking
Interior Spaces
- 1,067 Sq Ft Home
- 1-Story Property
- Decorative Fireplace
- Living Room
Kitchen
- Range
- Microwave
- Dishwasher
- Stainless Steel Appliances
- Disposal
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Full Bathroom
Laundry
- Dryer
- Washer
Additional Features
- Patio
- Additional Parcels
- Forced Air Heating and Cooling System
Listing and Financial Details
- Assessor Parcel Number 256350064
Community Details
Overview
- Association fees include controlled access, hazard insurance, lawn care, ground maintenance, parking, professional mgmt, sewer, shared amenities, snow removal
- First Service Residential Association, Phone Number (952) 361-9400
- Low-Rise Condominium
- Powers Ridge Condo Homes Subdivision
Amenities
- Elevator
Recreation
- Community Indoor Pool
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 21, 2024
Closed on
May 8, 2025
Sold by
Henning Timothy S
Bought by
Kenny Timothy S
Seller's Agent
Darin Brooks
Edina Realty, Inc.
Buyer's Agent
Darin Brooks
Edina Realty, Inc.
List Price
$200,000
Sold Price
$195,000
Premium/Discount to List
-$5,000
-2.5%
Views
73
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
-$566
Avg. Annual Appreciation
-1.00%
Original Mortgage
$146,250
Outstanding Balance
$145,992
Interest Rate
6.65%
Mortgage Type
New Conventional
Estimated Equity
$48,442
Purchase Details
Closed on
Jun 6, 2008
Sold by
Sauro Anthony D and Sauro Mary
Bought by
Henning Timothy S
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,050
Interest Rate
6.04%
Mortgage Type
New Conventional
Purchase Details
Closed on
Sep 13, 2004
Sold by
Powers Ridge Ii Llc
Bought by
Sauro Anthony D and Frankosky Mary
Purchase Details
Closed on
Jul 27, 2004
Sold by
Powers Ridge Ii Llc
Bought by
Sauro Anthony D and Frankosky Mary
Similar Homes 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 |
|---|---|---|---|
| Warranty Deed | $195,000 | Edgewater Title | |
| Warranty Deed | $139,000 | -- | |
| Warranty Deed | $159,700 | -- | |
| Warranty Deed | $159,700 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $146,250 | New Conventional | |
| Previous Owner | $132,050 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/13/2025 05/13/25 | Sold | $195,000 | 0.0% | $183 / Sq Ft |
| 03/21/2025 03/21/25 | Off Market | $195,000 | -- | -- |
| 11/23/2024 11/23/24 | For Sale | $200,000 | -- | $187 / 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 | $2,118 | $202,200 | $45,000 | $157,200 |
| 2024 | $2,118 | $202,200 | $45,000 | $157,200 |
| 2023 | $2,120 | $203,900 | $45,000 | $158,900 |
| 2022 | $1,988 | $206,000 | $38,800 | $167,200 |
| 2021 | $1,878 | $163,200 | $32,300 | $130,900 |
| 2020 | $1,924 | $163,200 | $32,300 | $130,900 |
| 2019 | $1,802 | $145,900 | $29,400 | $116,500 |
| 2018 | $1,752 | $145,900 | $29,400 | $116,500 |
| 2017 | $1,610 | $138,000 | $29,400 | $108,600 |
| 2016 | $1,466 | $106,200 | $0 | $0 |
| 2015 | $1,348 | $96,000 | $0 | $0 |
| 2014 | $1,348 | $90,700 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Darin Brooks
Seller's Agent in 2025
Darin Brooks
Edina Realty, Inc.
(612) 998-6210
2 in this area
19 Total Sales
Map
Source: NorthstarMLS
MLS Number: 6634033
APN: 25.6350064
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