24 days on rocket

1240 Lakeview Ave S, Minneapolis, MN, 55416

$450,000

Home List Price

$5,344*

Closing Credit

3 Bedrooms
1 Full Bath
1,447 SqFt
$311/SqFt
House
Schools Nearby

Location

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1240 Lakeview Ave S, Minneapolis$450,000

Buyer Closing Credits

$5,344*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDetached, Garage Door Opener
Garage2 spaces
Year Built1940
HeatingBaseboard, Forced Air, Fireplace(s)
CoolingCentral Air
BasementYes
FireplaceFamily Room, Free Standing, Primary Bedroom, Wood Burning
MLS #6528812
StatusActive

About 1240 Lakeview Ave S

Charming Cape Cod atop a gentle knoll in idyllic South Bryn Mawr, surrounded by boundless natural and urban attractions. Cedar Lake to the South, Brownie Lake to the West, and Theodore Wirth Park to the North are all within a few blocks of the front door. Crowning the house is a 2023 newly-crafted second story master suite featuring 11’ vaulted ceilings, an artisanal freestanding fireplace, a large skylight, and a modern tiled bathroom with a luxurious stone floored shower. The main level boasts sun swept rooms and living spaces, refinished hardwood floors, a cozy living room fireplace, Princeton trim and solid wood doors, coved ceilings, large closets, and classic tiling throughout. The unfinished basement is well-prepared for expansion with partially accessible plumbing and 7’ ceilings. The secluded backyard is buttressed by a 2023 new two-car detached garage. This home beckons anyone looking for value, livability, character, and location. Don’t miss out on this gem!

Property Details

Property Features

Property Information:

  • Year Built: 1940
  • Living Area: 1,447 SqFt

Listing Office:

  • Office Name: Bridge Realty, LLC

Interior Features

Interior Information:

  • Appliances: Dishwasher, Dryer, Exhaust Fan, Freezer, Humidifier, Gas Water Heater, Range, Refrigerator, Stainless Steel Appliances, Washer
  • Basement: Yes
  • Fireplace: Family Room, Free Standing, Primary Bedroom, Wood Burning

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 3

Exterior Features

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: No
  • Parking: Detached, Garage Door Opener

Utilities

Utilities Information:

  • Heating: Baseboard, Forced Air, Fireplace(s)
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Anwatin Middle Community School, Public District Grades 6-8
  • Bryn Mawr Elementary, Public District Grades PK-5

Other

Directions Information:

  • Directions: 394 to Penn Ave S to Cedar Lake Rd to Xerxes Ave to Lakeview going west.

Price Information

Listing Price Info

Price Summary:

  • List Price: $450,000
  • Price Per SqFt: $311/SqFt

Tax Information:

  • Annual Amount: $4,272
  • 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

$343.6K

Med. Price/SqFt

$201

Avg. Days On Market

27

# of Sold Homes

1085

1240 Lakeview Ave S vs Minneapolis

24 DAYS ON ROCKET

-3 Days

$450,000

+$106.3K More

$311/SqFt

+$109 More

KEY TAKEAWAY

This property is $106.3K more than the Median Sold Price and $109/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: #6528812

Listing Office:

  • Office Name: Bridge Realty, LLC

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Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$4,272$326,000
2019$4,525$311,015
2018$4,662$311,015
2017$4,258$282,130

History based on county public records data.

Payment Calculator

$2,313

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,416

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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-6333255
1
/10

  • Bryn Mawr Elementary

  • 252 Upton Ave S

  • 0.41 miles

  • Public District Grades PK-5

Middle School

school-card-donut-6333256
1
/10

  • Anwatin Middle Community School

  • 256 Upton Ave S

  • 0.40 miles

  • Public District Grades 6-8

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $119,531. Residents of Minneapolis, MN typically earn between $100k-200k each year. Typical family type is single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1240 Lakeview Ave S

What is the listing price of this property?

The listing price of 1240 Lakeview Ave S property is $450,000.

What type of property is this?

The property 1240 Lakeview Ave S is a house located in Minneapolis, Minnesota, 55416.

Is this property for sale now?

Active Listing: 1240 Lakeview Ave S is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 1240 Lakeview Ave S are:
Bryn Mawr Elementary: GreatSchools Rating 1/10
Anwatin Middle Community School: GreatSchools Rating 1/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $4,272 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 1240 Lakeview Ave S has 3 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 1240 Lakeview Ave S is 1,447 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1240 Lakeview Ave S is 1940.

Rocket Homes›Minnesota›Hennepin County›Minneapolis›55416›1240 Lakeview Ave S

This home is located at 1240 Lakeview Ave S in Minneapolis, MN and zip code 55416 in the Calhoun-Isles neighborhood. This 1,447 square foot home was built in 1940. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since May 07, 2024 and is currently priced at $450,000.

In April 2024 more than 519 listings in Minneapolis, MN were sold above the asking price. During the same period more than 228 listings were sold at asking price, while more than 337 were sold below. The number of homes for sale in Minneapolis, MN increased by 15.8% between March 2024 and April 2024. Listings spent 27 days on the market in April 2024, and had a median list price of $343,683 during the same period.

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

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