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1616 57th St, Minneapolis, MN, 55417

$490,500

Home List Price

$5,825*

Closing Credit

4 Bedrooms
1 Full Bath
1,620 SqFt
$303/SqFt
House

Location

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1616 57th St, Minneapolis$490,500

Buyer Closing Credits

$5,825*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingAttached Garage
Attached Garage1 space
Year Built1952
HeatingForced Air
CoolingCentral Air
BasementYes
MLS #6582466
StatusActive

About 1616 57th St

Motivated Seller, Please bring all offers! Welcome to your next home nestled on a desirable corner lot near the beautiful Minnehaha Parkway! This property is perfectly situated just minutes from the scenic Lake Nokomis, offering abundant recreational opportunities, and a short drive from the Mall of America and the International Airport. This home boasts incredible potential, with plenty of space to build up or expand to create your dream living space. Recent updates include a new roof installed in July 2024 and a water heater and furnace replaced just 6 years ago, ensuring peace of mind for years to come. Enjoy the convenience of nearby shopping, dining, and entertainment options, with a variety of restaurants just moments away. Whether you're looking for a cozy retreat or a fantastic investment opportunity, this property offers it all. Don't miss out on this gem with endless possibilities!

Property Details

Property Features

Property Information:

  • Year Built: 1952
  • Living Area: 1,620 SqFt

Listing Office:

  • Office Name: Realty Group LLC

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 4

Exterior Features

Parking Information:

  • Garage Space: 1 space
  • Attached Garage: Yes
  • Parking: Attached Garage

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Washburn High School, Public District Grades 9-12

Other

Directions Information:

  • Directions: 54th St to Edgewater Blvd, S to Nokomis Lane, W to home

Price Information

Listing Price Info

Price Summary:

  • List Price: $490,500
  • Price Per SqFt: $303/SqFt
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Housing Market Comparison

See how this home compares to others in Minneapolis, MN.

Med. Sold Price

$348.4K

Med. Price/SqFt

$202

Avg. Days On Market

28

# of Sold Homes

927

1616 57th St vs Minneapolis

54 DAYS ON ROCKET

+26 Days

$490,500

+$142K More

$303/SqFt

+$101 More

KEY TAKEAWAY

This property is $142K more than the Median Sold Price and $101/SqFt more than other homes in Minneapolis, MN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NORTHSTAR
  • MLS Number: #6582466

Listing Office:

  • Office Name: Realty Group LLC

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Last updated on: 10/5/2024, 2:22:48 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

High School

school-card-donut-403286
7
/10
  • Washburn High School

  • 201 W 49th St

  • 1.83 miles

  • Public District Grades 9-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $90,476. Residents of Minneapolis, MN typically earn between $35k-100k each year. Typical family type is single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1616 57th St

What is the listing price of this property?

The listing price of 1616 57th St property is $490,500.

What type of property is this?

The property 1616 57th St is a house located in Minneapolis, Minnesota, 55417.

Is this property for sale now?

Active Listing: 1616 57th St is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 1616 57th St are:
Washburn High School: GreatSchools Rating 7/10

How many bedrooms and bathrooms does this property have?

The property at 1616 57th St has 4 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 1616 57th St is 1,620 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1616 57th St is 1952.

Rocket Homes›Minnesota›Hennepin County›Minneapolis›55417›1616 57th St

This home is located at 1616 57th St in Minneapolis, MN and zip code 55417 in the Diamond Lake neighborhood. This 1,620 square foot home was built in 1952. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since August 12, 2024 and is currently priced at $490,500.

In September 2024, from all listings sold in Minneapolis, MN there were more than 378 sold above asking price, over 336 sold below and more than 213 were sold right at the asked price. Between August 2024 and September 2024, Minneapolis, MN real estate market has seen increase in the number of listings by 7.4%. In September 2024 median list price was $348,456 and the average listing age was 28 days.

From Rocket Homes Real Estate and based on county public records data.

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