NOT LISTED FOR SALE

1724 Summit Ave Minneapolis, MN 55403

Lowry Hill Neighborhood

Estimated Value: $1,806,382 - $1,877,000

4 Beds
7 Baths
7,519 Sq Ft
$244/Sq Ft Est. Value

About This Home

Exceptional 4 bed, 7 bath home defined by exemplary grand spaces, stunning mahogany woodwork, timeless craftsmanship and abundant natural light. As you enter the main level, you'll find spacious, well-connected living areas perfect for both everyday living and hosting gatherings, complemented by a sunroom offering incredible sunlight. Dining room has beautiful, original stained-glass windows. Oversized kitchen and large family room provide ample space for friends and family. Main floor office w/fireplace & attached bathroom could easily serve as another bedroom. Upper level has 3 bedrooms, each with ensuite baths, providing privacy and convenience. 3rd floor has a fourth bedroom, bathroom and storage space. Lower level is designed for leisure and relaxation, featuring a family room, handcrafted bar, climate-controlled wine cellar and exercise room. Fabulous fenced-in backyard provides private oasis for outdoor gatherings. Large, heated attached garage. Outstanding location, corner lot on prestigious Knox and Summit Ave. Steps to Kenwood Park and Lake of the Isles! Easy access to downtown, airport, & freeways. Check it out!

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 24, 2016
Sold by
Peel Michael A
Bought by
Saksena Asheesh and Saksena Sabina
Current Estimated Value
$1,832,096

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,480,000
Outstanding Balance
$1,163,782
Interest Rate
2.87%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$668,314

Purchase Details

Closed on
Jan 19, 2012
Sold by
Peel Michael A
Bought by
Peel Michael A and Michael A Peel Revocable Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
3.31%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Saksena Asheesh $1,850,000 None Available
Peel Michael A -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Saksena Asheesh $1,480,000
Previous Owner Peel Michael A $417,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/06/2025 06/06/25 Pending -- -- --
02/22/2025 02/22/25 For Sale $1,850,000 -- $246 / Sq Ft

Tax History Compared to Growth

Source: Public Records

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
2023 $28,000 $1,846,000 $509,000 $1,337,000
2022 $30,205 $1,792,000 $509,000 $1,283,000
2021 $29,110 $1,870,500 $462,000 $1,408,500
2020 $31,490 $1,870,500 $503,800 $1,366,700
2019 $32,353 $1,870,500 $469,700 $1,400,800
2018 $31,018 $1,870,500 $469,700 $1,400,800
2017 $31,709 $1,781,500 $427,000 $1,354,500
2016 $32,855 $1,781,500 $427,000 $1,354,500
2015 $34,440 $1,781,500 $427,000 $1,354,500
2014 -- $1,696,500 $385,500 $1,311,000
Source: Public Records

Agents Affiliated with this Home

  • Susan Westerman

    Seller's Agent in 2025

    Susan Westerman

    Coldwell Banker Burnet

    (612) 599-7050

    11 in this area

    92 Total Sales

    Susan Westerman
    Section Image
  • Jonathan Ness

    Seller Co-Listing Agent in 2025

    Jonathan Ness

    Coldwell Banker Burnet

    (651) 442-3245

    5 in this area

    124 Total Sales

    Jonathan Ness
    Section Image
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Map

Minnesota Hennepin County Minneapolis 55403 Lowry Hill

1724 Summit Ave, Minneapolis, MN

This home is located at 1724 Summit Ave, Minneapolis, MN 55403 and is currently estimated at $1,832,096, approximately $243 per square foot. 1724 Summit Ave is a home located in Hennepin County with nearby schools including Kenwood Elementary School, Anwatin Middle School, and North Community High School.

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.

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