HOA fee reduced to $524/month beginning in 1/1/2025! Welcome to Powers Ridge Condominiums! This beautiful one-bedroom, one-bathroom condo boasts an open and inviting floor plan, designed for both comfort and functionality. With its southwest-facing orientation, the unit is filled with natural light, helping to keep heating costs low while creating a warm and welcoming atmosphere. The condo is part of a vibrant community offering fantastic amenities, including a well-maintained pool, hot tub, splash pad, exercise room, community room, business center, and clubhouse—perfect for staying active and connected year-round. A heated garage ensures you’ll spend less time in the cold during the winter months.
Located steps from Lake Susan, with trail access right under Powers Boulevard, the property is also conveniently close to shopping, restaurants, and the library. Best of all, rentals are allowed, making this an excellent investment opportunity. A property management contract is already in place, offering a seamless entry into real estate investing. Whether you're looking for a cozy home or your next investment, this condo checks all the boxes. A quick close is possible—don’t miss out!
Closed
$154,000
1321 Lake Dr Unit 227, Chanhassen, MN 55317
1beds
763sqft
(CC) Low Rise (3- Levels)
Built in 2001
-- sqft lot
$166,800 Zestimate®
$202/sqft
$1,605 Estimated rent
Home value
$166,800
$157,000 - $177,000
$1,605/mo
Zestimate® history
Owner options
List your home for rent
$1,605/mo
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$1,605/mo
Rent Zestimate®
Refinance and save
$1,514/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$1,514/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Adam Hunt 612-886-5543,
Fuze Real Estate,
Brian Seaton 651-239-5240
Bought with:
Robert A Miesen
Robert Anthony Miesen Realty
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6636314
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 1
- Full bathrooms: 1
Bedroom
- Level: Main
- Area: 140 Square Feet
- Dimensions: 14x10
Deck
- Level: Main
Dining room
- Level: Main
- Area: 110 Square Feet
- Dimensions: 11x10
Kitchen
- Level: Main
- Area: 117 Square Feet
- Dimensions: 13x9
Living room
- Level: Main
- Area: 196 Square Feet
- Dimensions: 14x14
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
- Laundry: In Unit
Features
- Basement: None
- Has fireplace: No
Interior area
- Total structure area: 763
- Total interior livable area: 763 sqft
- Finished area above ground: 763
- Finished area below ground: 0
Property
Parking
- Total spaces: 1
- Parking features: Assigned, Heated Garage, Paved Lot, Secured, Storage, Underground
- Garage spaces: 1
Accessibility
- Accessibility features: Doors 36"+, Accessible Elevator Installed, Hallways 42"+
Features
- Levels: One
- Stories: 1
- Has private pool: Yes
- Pool features: Heated, Indoor, Shared
Lot
- Size: 740 Square Feet
Details
- Foundation area: 763
- Parcel number: 256350267
- Zoning description: Residential-Multi-Family
Construction
Type & style
- Home type: Condo
- Property subtype: (CC) Low Rise (3- Levels)
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 2001
Utilities & green energy
- Electric: Power Company: Xcel Energy
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & HOA
Community
- Security: Fire Sprinkler System, Secured Garage/Parking
- Subdivision: Powers Ridge Condo Homes
HOA
- Has HOA: Yes
- Amenities included: Deck, Elevator(s), Fire Sprinkler System, Spa/Hot Tub, In-Ground Sprinkler System, Security Building
- Services included: Maintenance Structure, Hazard Insurance, Lawn Care, Maintenance Grounds, Professional Mgmt, Security System, Shared Amenities, Snow Removal
- HOA fee: $524 monthly
- HOA name: FirstService Residential
- HOA phone: 952-361-9400
Location
- Region: Chanhassen
Financial & listing details
- Price per square foot: $202/sqft
- Tax assessed value: $180,600
- Annual tax amount: $1,880
- Date on market: 12/2/2024
- Cumulative days on market: 88 days
Price history
| Date | Event | Price |
|---|---|---|
| 2/28/2025 | Sold | $154,000$202/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6636314 Report a problem | ||
| 1/19/2025 | Price change | $154,000-3.1%$202/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6636314 Report a problem | ||
| 12/9/2024 | Price change | $159,000-3%$208/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6636314 Report a problem | ||
| 12/2/2024 | Listed for sale | $164,000-4.1%$215/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6636314 Report a problem | ||
| 3/10/2022 | Sold | $171,000+6.2%$224/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6149399 Report a problem | ||
| 2/27/2022 | Pending sale | $161,000$211/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6149399 Report a problem | ||
| 2/11/2022 | Listed for sale | $161,000+3.9%$211/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6149399 Report a problem | ||
| 3/19/2021 | Sold | $155,000$203/sqft |
Source: NorthstarMLS as distributed by MLS GRID #5710944 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,894 +0.7% | $180,600 |
| 2024 | $1,880 +30.2% | $180,600 |
| 2023 | $1,444 +10.4% | $180,600 +14.7% |
| 2022 | $1,308 +7.2% | $157,500 +20.9% |
| 2021 | $1,220 -2.7% | $130,300 +3.2% |
| 2020 | $1,254 +14.6% | $126,300 |
| 2019 | $1,094 | $126,300 +17.9% |
| 2017 | $1,094 +158.6% | $107,100 +95.8% |
| 2016 | $423 | $54,700 +18.9% |
| 2015 | $423 +23% | $46,000 +11.9% |
| 2014 | $344 -58.4% | $41,100 -41.8% |
| 2013 | $826 -10.6% | $70,600 -9.4% |
| 2012 | $924 -16.8% | $77,900 -9.4% |
| 2011 | $1,110 -8.4% | $86,000 |
| 2010 | $1,212 +56.2% | -- |
| 2009 | $776 -1% | $60,800 -0.2% |
| 2008 | $784 | $60,900 |
Find assessor info on the county website
Neighborhood: 55317
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Nearby schools
GreatSchools rating
- 8/10Chanhassen Elementary SchoolGrades: K-5Distance: 1 mi
- 8/10Pioneer Ridge Middle SchoolGrades: 6-8Distance: 2.5 mi
- 9/10Chanhassen High SchoolGrades: 9-12Distance: 1.2 mi
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Estimated market value
$166,800
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Estimated market value
$166,800
- Minnesota
- Carver County
- Chanhassen
- 55317
- 1321 Lake Dr Unit 227
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