NOT LISTED FOR SALE

1536 E River Terrace Minneapolis, MN 55414

Prospect Park Neighborhood

Estimated Value: $487,000 - $567,819

3 Beds
2.5 Baths
1,620 Sq Ft
$326/Sq Ft Est. Value

Sale Details

Date Sold: December 5, 2024

Last sale price $485,000 $299 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $3,577 / mo

60 Days on Market

Highlights

  • Bonus Room
  • No HOA
  • Entrance Foyer
  • Sun or Florida Room
  • The kitchen features windows
  • Forced Air Heating and Cooling System

About This Home

As of December 2024

First time available in decades, this storybook Colonial is ready for its next steward! This delightful home is full of character and classic charm with its refinished and restored parquet floors, vintage eat-in kitchen and lovely screened porch. The center hall staircase is a showstopper and brings you to the wonderfully appointed 2nd story with 3 spacious bedrooms, charming full bath and a balcony overlooking the backyard. Located in one of Minneapolis' best kept secret neighborhoods, you'll love the tree-lined streets, just a block to the Mississippi River for great trails and recreation, easy access to 94 for commuting and so much more. Come check it out today!

Last Agent to Sell the Property

Michael Smith

Anderson Realty Listed on: 09/06/2024

Co-Listed By

Rebekah Cook

Anderson Realty

Last Buyer's Agent

Perry Hurth

Keller Williams Realty Integrity

Keller Williams Realty Integrity

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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Average Value
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List Price
Sold Price
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Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,252

Year Built

  • Built in 1940

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 50x151

Parking

  • 2 Car Garage

Home Design

  • Metal Siding

Interior Spaces

  • 1,620 Sq Ft Home
  • 2-Story Property
  • Entrance Foyer
  • Living Room with Fireplace
  • Dining Room
  • Bonus Room
  • Sun or Florida Room

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • The kitchen features windows

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Dryer
  • Washer

Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump

Utilities

  • Forced Air Heating and Cooling System

Community Details

  • No Home Owners Association
  • Mississippi Park Add Subdivision

Listing and Financial Details

  • Assessor Parcel Number 3002923430042

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,252

Year Built

Built in 1940

Lot Details

7,405 Sq Ft Lot

Parking

2

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: Central Air
  • Garage Spaces: 2
  • Accessibility Features: None
  • Fireplaces: 1
  • Water Source: City Water/Connected
  • Year Built: 1940
  • Above Grade Finished Sq Ft: 1620
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Full, Sump Pump
  • Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
  • Fireplace Features: Living Room
  • Living Area: 1620
  • Fireplace: Yes
  • Basement YN: Yes
  • Dining Room Type: Living Room, Kitchen, Dining Room, Foyer, Sun Room, Bedroom 1, Bedroom 2, Bedroom 3, Bonus Room

Beds/Baths

  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Three Quarter Bathrooms: 1

Exterior Features

  • Roof: Asphalt
  • Neighborhood: Prospect Park - East River Road
  • PatioPorchType: Enclosed,Screened

Garage/Parking

  • Parking Features: Detached

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • Fuel: Natural Gas

Condo/Co-op/Association

  • Association: No
  • Amenities Unit: Balcony,Ceiling Fan(s),Hardwood Floors,Kitchen Window,Natural Woodwork,Porch,Sun Room,Tile Floors

Schools

  • Junior High Dist: Minneapolis
  • SchoolDistrictPhone: 612-668-0000

Lot Info

  • PropertyAttachedYN: No
  • Lot Size: 50X151
  • Lot Size Sq Ft: 7405.2
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • AssessmentPending: Unknown
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Metal Siding

Tax Info

  • Tax Year: 2024
  • Assessor Parcel Number: 3002923430042
  • Tax Annual Amount: 6252
  • TaxWithAssessments: 6252.0000

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 6, 2024
Closed on
Dec 5, 2024
Sold by
Bought by
Seller's Agent
Michael Smith
Anderson Realty
Buyer's Agent
Perry Hurth
Keller Williams Realty Integrity
List Price
$500,000
Sold Price
$485,000
Premium/Discount to List
-$15,000
-3%
Views
64
Current Estimated Value
$527,705

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$42,705
Avg. Annual Appreciation
5.09%
Original Mortgage
$436,500
Outstanding Balance
$428,944
Interest Rate
6.72%
Mortgage Type
New Conventional
Estimated Equity
$98,761

Purchase Details

Listed on
Sep 6, 2024
Closed on
Nov 19, 2024
Sold by
Bought by
Seller's Agent
Michael Smith
Anderson Realty
Buyer's Agent
Perry Hurth
Keller Williams Realty Integrity
List Price
$500,000
Sold Price
$485,000
Premium/Discount to List
-$15,000
-3%
Views
64

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$436,500
Outstanding Balance
$428,944
Interest Rate
6.72%
Mortgage Type
New Conventional
Estimated Equity
$98,761
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Prospect Park, MN

  • Thomas Scott Real Estate Agent - RE/MAX Advantage Plus

    Thomas Scott

    RE/MAX Advantage Plus

    (612) 808-5698

    179 Total Sales

    1 in Prospect Park

    $350,000 Price

    Thomas Scott
     Section Image
  • David Saint Germain Real Estate Agent - MetroHomesMarket.com

    David Saint Germain

    MetroHomesMarket.com

    (612) 255-9073

    100 Total Sales

    1 in Prospect Park

    $503,000 Price

    David Saint Germain
     Section Image
  • Mark Hronski Real Estate Agent - LPT Realty, LLC

    Mark Hronski

    LPT Realty, LLC

    (651) 413-9266

    146 Total Sales

    1 in Prospect Park

    $420,000 Price

    Mark Hronski
     Section Image
  • Jason Papp Real Estate Agent - Coldwell Banker Realty - Southwest Regional

    Jason Papp

    Responds Quickly

    Coldwell Banker Realty - Southwest Regional

    (612) 416-7094

    48 Total Sales

    1 in Prospect Park

    $599,900 Price

    Jason Papp
     Section Image
  • Graham Smith Real Estate Agent - Keller Williams Realty Integrity Lakes

    Graham Smith

    Keller Williams Realty Integrity Lakes

    (763) 342-5386

    335 Total Sales

    2 in Prospect Park

    $216K - $550K Price Range

    Graham Smith
     Section Image
  • Jim Snaza Real Estate Agent - Homes Plus Realty

    Jim Snaza

    Homes Plus Realty

    (612) 429-5408

    116 Total Sales

    1 in Prospect Park

    $379,000 Price

    Jim Snaza
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$485,000 --
$485,000 Executive Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $436,500
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
12/05/2024 12/05/24 Sold $485,000 0.0% $299 / Sq Ft
11/11/2024 11/11/24 Pending -- -- --
10/02/2024 10/02/24 Price Changed $485,000 -3.0% $299 / Sq Ft
09/12/2024 09/12/24 For Sale $500,000 -- $309 / Sq Ft
Source: NorthstarMLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $8,107 $504,500 $198,000 $306,500
2024 $6,773 $460,000 $198,000 $262,000
2023 $6,252 $479,000 $198,000 $281,000
2022 $6,237 $452,000 $170,000 $282,000
2021 $6,218 $450,000 $176,000 $274,000
2020 $6,735 $459,000 $135,000 $324,000
2019 $6,550 $459,000 $129,400 $329,600
2018 $6,113 $433,000 $129,400 $303,600
2017 $5,966 $381,500 $117,600 $263,900
2016 $5,829 $341,000 $117,600 $223,400
2015 $6,109 $341,000 $117,600 $223,400
2014 -- $296,500 $99,300 $197,200
Source: Public Records

Agents Affiliated with this Home

  • Michael Smith Real Estate Agent - Anderson Realty

    Seller's Agent in 2024

    Michael Smith

    Anderson Realty

    (651) 324-6211

    7 in this area

    477 Total Sales

    Michael Smith
    Section Image

  • R

    Seller Co-Listing Agent in 2024

    Rebekah Cook

    Anderson Realty

    (612) 619-4470

    3 in this area

    214 Total Sales

    Rebekah Cook
    Section Image
  • Perry Hurth Real Estate Agent - Keller Williams Realty Integrity

    Buyer's Agent in 2024

    Perry Hurth

    Keller Williams Realty Integrity

    (612) 741-6425

    1 in this area

    119 Total Sales

    Perry Hurth
    Section Image
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Map

Source: NorthstarMLS

MLS Number: 6598642

NorthstarMLS

APN: 30-029-23-43-0042

Minnesota Hennepin County Minneapolis 55414 Prospect Park

1536 E River Terrace, Minneapolis, MN

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

NorthstarMLS All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of NorthstarMLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID

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