This home is an architectural gem commissioned by Lenox Mills (original owner/Berkeley professor) & designed by Close Associates, an influential firm in the local community. Although classified as mid-century modern, its unique exterior mimics the Berkeley-inspired redwood & its interior truly exudes a traditional English Cottage style with distinctive character, most notably the garden-level kitchen/dining room & innovative blends of wood & brick throughout. Bask in the sunny southwest-facing main-level living room & family room with handsome Beachwood paneling & beams. Step out to the balcony overlooking the backyard gardens. Cozy up to the oversized wood-burning fireplace with a raised hearth. Open the hidden door to an attic with so much space & potential! Upper-level bedroom + full bath. Newly painted screen porch to relish the gorgeous sunsets, smell of lilac & backyard views where the largest remaining Gingko tree in Mpls. still stands. Newly carpeted second bedroom on the garden level + laundry & 1/2 bath. Located in the south end of Prospect Park, a special pocket of Minneapolis within walking distance to the U of M. Proximity to E. & W. River Pkwy with access to bike trails- part of the Grand Rounds Scenic Byway makes this the perfect area for the outdoor enthusiast! This home has been pre-inspected, including the sewer line. Ask agent for reports.
Closed
$550,000
1540 E River Ter, Minneapolis, MN 55414
2beds
2,297sqft
Single Family Residence
Built in 1941
7,405 Square Feet Lot
$557,500 Zestimate®
$239/sqft
$2,523 Estimated rent
Home value
$557,500
$530,000 - $585,000
$2,523/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Kim Pease 612-386-3046,
Coldwell Banker Realty - Lakes,
Marcy L Libby 612-920-5605
Bought with:
Michael D. Smith
Anderson Realty
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6471669
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
Bedroom
- Level: Upper
- Area: 169 Square Feet
- Dimensions: 13 x 13
Bedroom 2
- Level: Lower
- Area: 130 Square Feet
- Dimensions: 13 x 10
Dining room
- Level: Lower
- Area: 208 Square Feet
- Dimensions: 13 x 16
Family room
- Level: Main
- Area: 204 Square Feet
- Dimensions: 12 x17
Foyer
- Level: Main
- Area: 54 Square Feet
- Dimensions: 06 x 09
Kitchen
- Level: Lower
- Area: 117 Square Feet
- Dimensions: 09 x13
Laundry
- Level: Lower
- Area: 510 Square Feet
- Dimensions: 17 x 30
Living room
- Level: Main
- Area: 320 Square Feet
- Dimensions: 16 x 20
Screened porch
- Level: Lower
- Area: 234 Square Feet
- Dimensions: 13 x 18
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Dryer, Freezer, Gas Water Heater, Microwave, Range, Refrigerator, Washer
- Laundry: Gas Dryer Hookup, Lower Level, Laundry Room, Washer Hookup
Features
- Basement: Other
- Number of fireplaces: 1
- Fireplace features: Living Room, Wood Burning
Interior area
- Total structure area: 2,297
- Total interior livable area: 2,297 sqft
- Finished area above ground: 2,297
- Finished area below ground: 0
Property
Parking
- Total spaces: 1
- Parking features: Detached Garage, Concrete, Garage Door Opener, No Int Access to Dwelling
- Garage spaces: 1
- Has uncovered spaces: Yes
- Details: Garage Door Height (07), Garage Door Width (09)
Accessibility
- Accessibility features: None
Features
- Levels: Three Level Split
- Patio & porch: Deck, Front Porch, Patio, Rear Porch, Screened
- Pool features: None
- Fencing: None
Lot
- Size: 7,405 Square Feet
- Dimensions: 50 x 151
- Features: Near Public Transit, Tree Coverage - Medium
Details
- Foundation area: 1266
- Parcel number: 3002923430045
- Zoning description: Residential-Single Family
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Roof: Age 8 Years or Less,Asphalt
Condition
- New construction: No
- Year built: 1941
Utilities & green energy
- Electric: Power Company: Xcel Energy
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & HOA
Community
- Subdivision: Mississippi Park Add
HOA
- Has HOA: No
Location
- Region: Minneapolis
Financial & listing details
- Price per square foot: $239/sqft
- Tax assessed value: $420,900
- Annual tax amount: $5,319
- Date on market: 7/22/2024
- Cumulative days on market: 3 days
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 9/3/2024 | Sold | $550,000$239/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6471669 Report a problem | ||
| 7/28/2024 | Pending sale | $550,000$239/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6471669 Report a problem | ||
| 7/25/2024 | Listed for sale | $550,000+233.3%$239/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6471669 Report a problem | ||
| 9/28/1999 | Sold | $165,000$72/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,678 +5.9% | $420,900 +7.4% |
| 2024 | $5,362 -0.8% | $392,000 -4.6% |
| 2023 | $5,405 -1.2% | $411,000 |
| 2022 | $5,468 +7% | $411,000 +3.8% |
| 2021 | $5,112 -7.7% | $396,000 +3% |
| 2020 | $5,540 +8.4% | $384,500 |
| 2019 | $5,112 -7.7% | $384,500 +5.1% |
| 2018 | $5,540 +10.7% | $366,000 +13.1% |
| 2017 | $5,004 +2.7% | $323,500 +6.1% |
| 2016 | $4,873 +3.3% | $305,000 |
| 2015 | $4,716 -4.8% | $305,000 +15.1% |
| 2014 | $4,952 +2.5% | $265,000 -5% |
| 2013 | $4,832 +0.2% | $279,000 -2.1% |
| 2012 | $4,824 +3.6% | $285,000 |
| 2011 | $4,655 +6.8% | $285,000 -6.6% |
| 2010 | $4,358 -9.3% | $305,000 -7.6% |
| 2009 | $4,806 +24.2% | $330,000 +17.8% |
| 2006 | $3,870 +10.7% | $280,100 +15% |
| 2005 | $3,497 +8.4% | $243,600 +15% |
| 2004 | $3,225 +12.1% | $211,900 +12% |
| 2002 | $2,878 -55.5% | $189,200 |
| 2001 | $6,474 | -- |
Find assessor info on the county website
Neighborhood: Prospect Park
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Nearby schools
GreatSchools rating
- 2/10Pratt Elementary SchoolGrades: PK-5Distance: 0.4 mi
- 2/10Northeast Middle SchoolGrades: 6-8Distance: 4.1 mi
- 4/10Edison Senior High SchoolGrades: 9-12Distance: 3.6 mi
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Estimated market value
$557,500
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Estimated market value
$557,500
- Minnesota
- Hennepin County
- Minneapolis
- 55414
- Prospect Park
- 1540 E River Ter
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