7 months on rocket

1724 Summit Ave, Minneapolis, MN, 55403

$1,995,000

Home List Price

$10,000*

Closing Credit

4 Bedrooms
2 Full Baths, 2 Partial
6,977 SqFt
$286/SqFt
House
Schools Nearby

Location

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1724 Summit Ave, Minneapolis$1,995,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingAttached Garage, Garage Door Opener, Heated Garage
Attached Garage2 spaces
Year Built1907
HeatingForced Air
CoolingCentral Air
BasementYes
FireplaceBrick, Family Room, Gas, Living Room, Stone, Wood Burning
MLS #6382990
StatusActive

About 1724 Summit Ave

Architectural masterpiece located in the heart of the Lowry Hill Neighborhood and one block from Kenwood Park and the prestigious Lake of the Isles. Timeless craftmanship and grand spaces situated on the gated corner lot of Summit and Knox Avenues. Spacious bedrooms each featuring an ensuite bathroom, highlighted by a luxurious owner's suite. A must-see glass walled exercise room ready for your personal gym equipment. Climate controlled wine cellar, a hand-crafted bar and an amusement room are the perfect place to entertain in this luxurious home. Premium commercial grade WiFi and interconnected home electronic system for the highest quality 21st century amenities in an everlasting piece of real estate.

Property Details

Property Features

Property Information:

  • Year Built: 1907
  • Living Area: 6,977 SqFt

Listing Office:

  • Office Name: Berkshire Hathaway HomeServices North Properties

Interior Features

Interior Information:

  • Appliances: Cooktop, Dishwasher, Dryer, Exhaust Fan, Indoor Grill, Microwave, Refrigerator, Oven, Washer
  • Basement: Yes
  • Fireplace: Brick, Family Room, Gas, Living Room, Stone, Wood Burning

Bedroom and Bathroom Information:

  • Partial Bathrooms: 2
  • Full Bathrooms: 2
  • Total Bedroom Count: 4

Exterior Features

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: Yes
  • Parking: Attached Garage, Garage Door Opener, Heated Garage

Lot Features

Lot Information:

  • Lot: Corner Lot, Few Trees

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Southwest High School, Public District Grades 9-12
  • Anwatin Middle Community School, Public District Grades 6-8
  • Anthony Middle School, Public District Grades 6-8
  • Kenwood Elementary, Public District Grades KG-5

Other

Directions Information:

  • Directions: Hennepin Ave to Franklin, west to Knox Ave, north to home on the corner of Knox and Summit Ave

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,995,000
  • Price Per SqFt: $286/SqFt

Tax Information:

  • Annual Amount: $29,110
  • Tax Year: 2020
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Housing Market Comparison

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

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Minneapolis, MN

City

Med. Sold Price

$341.2K

Med. Price/SqFt

$201

Avg. Days On Market

38

# of Sold Homes

862

1724 Summit Ave vs Minneapolis

215 DAYS ON ROCKET

+177 Days

$1,995,000

+$1.6M More

$286/SqFt

+$84 More

KEY TAKEAWAY

This property is $1.6M more than the Median Sold Price and $84/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: #6382990

Listing Office:

  • Office Name: Berkshire Hathaway HomeServices North Properties

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Last updated on: 4/28/2024, 10:22:15 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Aug 30, 2016Home Sold
$1,850,000

Tax History

YEARPROP. TAXASSESSMENT
2020$29,110$1,870,500
2019$31,489$1,870,500
2018$32,353$1,870,500
2017$31,018$1,781,500

History based on county public records data.

Payment Calculator

$10K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$6,048

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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.

Elementary School

school-card-donut-2138533
4
/10

  • Kenwood Elementary

  • 2013 Penn Ave S

  • 0.38 miles

  • Public District Grades KG-5

Middle School

school-card-donut-2138534
1
/10

  • Anwatin Middle Community School

  • 256 Upton Ave S

  • 0.92 miles

  • Public District Grades 6-8

school-card-donut-2138535
5
/10

  • Anthony Middle School

  • 5757 Irving Ave S

  • 4.64 miles

  • Public District Grades 6-8

High School

school-card-donut-2138536
5
/10

  • Southwest High School

  • 3414 W 47th St

  • 3.45 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $114,286. Typical income of Minneapolis, MN residents is between $35k-100k annually. Residents typically live in married, no kids family. 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 1724 Summit Ave

What is the listing price of this property?

The listing price of 1724 Summit Ave property is $1,995,000.

What type of property is this?

The property 1724 Summit Ave is a house located in Minneapolis, Minnesota, 55403.

Is this property for sale now?

Active Listing: 1724 Summit Ave is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 1724 Summit Ave are:
Kenwood Elementary: GreatSchools Rating 4/10
Anwatin Middle Community School: GreatSchools Rating 1/10
Anthony Middle School: GreatSchools Rating 5/10
Southwest High School: GreatSchools Rating 5/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $29,110 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on August 30, 2016 for $1,850,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 1724 Summit Ave has 4 bedrooms and 2 full and 2 half bathrooms.

What is the square footage of this property?

The property 1724 Summit Ave is 6,977 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1724 Summit Ave is 1907.

Rocket Homes›Minnesota›Hennepin County›Minneapolis›55403›1724 Summit Ave

This home is located at 1724 Summit Ave in Minneapolis, MN and zip code 55403 in the Calhoun-Isles neighborhood. This 6,977 square foot home was built in 1907. Features: 4 bedrooms, 7 bathrooms. It has been listed on Rocket Homes since September 25, 2023 and is currently priced at $1,995,000.

While more than 380 listings in Minneapolis, MN in March 2024 were sold above asking price, there were more than 165 listings sold at asking price, and more than 317 were sold below. The inventory of homes for sale in Minneapolis, MN between February 2024 and March 2024 increased by 15.5%. Listings spent 38 days on the market in March 2024, and had a median list price of $341,287 during the same period.

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

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