Seller's Agent in 2024
Kim Pease
Coldwell Banker Burnet
(612) 386-3046
1 in this area
144 Total Sales
1540 E River Terrace Minneapolis, MN 55414
Prospect Park NeighborhoodEstimated Value: $419,000 - $521,000
2
Beds
1.5
Baths
2,297
Sq Ft
$212/Sq Ft
Est. Value
Highlights
- No HOA
- The kitchen features windows
- Entrance Foyer
- Screened Porch
- Laundry Room
- Forced Air Heating and Cooling System
About This Home
As of September 2024This home is an architectural gem commissioned by Lenox Mills (original owner/Berkeley professor) & designed by Close Associates, an influential firm in the local community. Although classified as mid-century modern, its unique exterior mimics the Berkeley-inspired redwood & its interior truly exudes a traditional English Cottage style with distinctive character, most notably the garden-level kitchen/dining room & innovative blends of wood & brick throughout. Bask in the sunny southwest-facing main-level living room & family room with handsome Beachwood paneling & beams. Step out to the balcony overlooking the backyard gardens. Cozy up to the oversized wood-burning fireplace with a raised hearth. Open the hidden door to an attic with so much space & potential! Upper-level bedroom + full bath. Newly painted screen porch to relish the gorgeous sunsets, smell of lilac & backyard views where the largest remaining Gingko tree in Mpls. still stands. Newly carpeted second bedroom on the garden level + laundry & 1/2 bath. Located in the south end of Prospect Park, a special pocket of Minneapolis within walking distance to the U of M. Proximity to E. & W. River Pkwy with access to bike trails- part of the Grand Rounds Scenic Byway makes this the perfect area for the outdoor enthusiast! This home has been pre-inspected, including the sewer line. Ask agent for reports.
Last Agent to Sell the Property
Coldwell Banker Realty - Lakes Brokerage Phone: 612-386-3046 Listed on: 07/22/2024
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $5,320
Year Built
- Built in 1941
Lot Details
- 7,405 Sq Ft Lot
- Lot Dimensions are 50 x 151
- Many Trees
Parking
- 1 Car Garage
- Garage Door Opener
Home Design
- Split Level Home
- Wood Siding
Interior Spaces
- 2,297 Sq Ft Home
- Wood Burning Fireplace
- Entrance Foyer
- Family Room
- Living Room with Fireplace
- Dining Room
- Screened Porch
Kitchen
- Range
- Microwave
- Freezer
- The kitchen features windows
Bedrooms and Bathrooms
- 2 Bedrooms
Laundry
- Laundry Room
- Dryer
- Washer
Utilities
- Forced Air Heating and Cooling System
- Gas Water Heater
Community Details
- No Home Owners Association
- Mississippi Park Add Subdivision
Listing and Financial Details
- Assessor Parcel Number 3002923430045
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 22, 2024
Closed on
Sep 3, 2024
Sold by
Balcom David and Balcom Constance
Bought by
Springer Mary
Seller's Agent
Kim Pease
Coldwell Banker Realty - Lakes
Buyer's Agent
Michael Smith
Anderson Realty
List Price
$550,000
Sold Price
$550,000
Views
4
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
-$63,170
Avg. Annual Appreciation
-7.52%
Original Mortgage
$522,500
Outstanding Balance
$516,953
Interest Rate
6.77%
Mortgage Type
New Conventional
Estimated Equity
-$30,123
Purchase Details
Closed on
May 9, 1999
Sold by
Lifson Helen M
Bought by
Balcom David C and Balcom Constance
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Springer Mary | $550,000 | -- | |
| Balcom David C | $165,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Springer Mary | $522,500 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/03/2024 09/03/24 | Sold | $550,000 | 0.0% | $239 / Sq Ft |
| 07/28/2024 07/28/24 | Pending | -- | -- | -- |
| 07/25/2024 07/25/24 | For Sale | $550,000 | -- | $239 / Sq Ft |
Source: NorthstarMLS
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 |
|---|---|---|---|---|
| 2024 | $5,678 | $392,000 | $198,000 | $194,000 |
| 2023 | $5,362 | $411,000 | $198,000 | $213,000 |
| 2022 | $5,468 | $411,000 | $170,000 | $241,000 |
| 2021 | $5,112 | $396,000 | $176,000 | $220,000 |
| 2020 | $5,540 | $384,500 | $134,900 | $249,600 |
| 2019 | $5,409 | $384,500 | $129,400 | $255,100 |
| 2018 | $5,004 | $366,000 | $129,400 | $236,600 |
| 2017 | $4,873 | $323,500 | $117,600 | $205,900 |
| 2016 | $4,716 | $305,000 | $117,600 | $187,400 |
| 2015 | $4,952 | $305,000 | $117,600 | $187,400 |
| 2014 | -- | $265,000 | $99,100 | $165,900 |
Source: Public Records
Agents Affiliated with this Home
-
Kim Pease
-
Marcy Libby
Seller Co-Listing Agent in 2024
Marcy Libby
Coldwell Banker Burnet
(612) 618-3400
1 in this area
136 Total Sales
-
Michael Smith
Buyer's Agent in 2024
Michael Smith
Anderson Realty
(651) 324-6211
7 in this area
491 Total Sales
Map
Source: NorthstarMLS
MLS Number: 6471669
APN: 30-029-23-43-0045
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.
Based on information submitted to the MLS GRID. 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.
Based on information submitted to the MLS GRID
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