Last week we profiled 5 condos in the metro area that are currently listed for $600k. The feedback was mixed: people loved the comparison, and commented that it really highlighted what you can get for that price point in different neighborhoods. Others, though, noted that the $600k price tag (for a condo, no less!) was a little steep by Minneapolis standards.
We heard you loud and clear…
This week, we’re profiling five condos in the metro that are going for half that price. Just how far will $300k take you? Let’s find out.
290 Market Street #814, Minneapolis, MN
List Price: $299,900 | HOA Fee: $504/month
Size: 1 bed | 1 baths | 1,180 sq. ft.
Seller’s Agent: Christian Klempp, Edina Realty, Inc.
It’s perhaps no wonder that in the time we wrote this article and posted it, this Sumner-Glenwood unit has gone under agreement. On the market for less than a week, this spacious penthouse loft includes one bedroom and an oversized den. A private deck provides stunning skyline views. Exposed brick, 11-foot ceilings, giant windows and refinished original hardwood floors round out the unit’s industrial vibe. No accent was overlooked during this 2006 renovation. An open layout ties the modern kitchen, with stainless steel appliances, bountiful cabinets and a sleek breakfast bar, into an open living area and then the bedroom, where you’ll find a massive walk-in closet and a gleaming bathroom with double sinks. Keep an eye out for similar units in this building, as the complex is the largest we look at here today.
2600 University Ave. SE, Unit 220, Minneapolis, MN
List Price: $295,000 | HOA Fee: $375/month
Size: 3 bed | 2 baths | 1,031 sq. ft.
Seller’s Agent: Skip Thomas, RE/MAX Results
This Prospect Park unit is ideal for those with close ties to the University of Minnesota—Twin Cities, as the three bedroom, two bathroom unit is just a stone’s throw from U of M Stadium Village. Built in 2006, this move-in ready unit has many modern updates (cherry cabinets, stainless steel appliances) and is just awaiting your personalization. Though it’s only one block from the light rail station, the unit comes with one underground parking space in the complex’s heated garage and an additional outdoor space. While the condo fee is steeper than some of the others listed below, this is one of the only units with access to an on-site fitness facility and business center. Currently rented for $2145 a month, this property is a solid choice for the owner-occupant and investor alike!
8002 Magnolia Lane N. #175, Maple Grove, MN
List Price: $299,900 | HOA Fee: $262/month
Size: 3 bed | 2.5 baths | 2,018 sq. ft.
Seller’s Agent: Aaron Lowe, RE/MAX Results
Those yearning to get away from the city’s hustle and bustle will find this Arbor Lakes property a wonderful option. Despite being just steps from local shops and restaurants and only 20 minutes from downtown Minneapolis, the buyer of this house will rarely want to leave. This unit provides the open concept most homeowners crave, with a sparkling kitchen that blends seamlessly into the dining area and living room. Two additional rooms round out the first floor, and are just waiting for customization – perhaps a playroom or office, depending on your needs. The second floor of this townhouse boasts three large bedrooms, perfect for a growing family or the couple looking to downsize without sacrificing space for when their children return to visit.
1177 Rose Lane, New Brighton, MN
List Price: $299,900 | HOA Fee: $350/month
Size: 3 bed | 3.5 baths | 2,011 sq. ft.
Seller’s Agent: Richard Kotoski, Coldwell Banker Burnet
Outdoor enthusiasts – we’ve found your next home! This Brighton Shores property is the only featured property that has waterfront access. Located right on Long Lake, this home has its own dock slip and provides access to the community pool and tennis courts. This townhouse provides two levels of living with not one, but two master suites on the upper level. A contemporary living area on the main floor includes a fully renovated kitchen with light oak cabinets, stainless steel appliances and granite countertops. The kitchen overlooks the spacious living room. The lower level provides a welcoming retreat, with a separate family room that comes fully equipped with plush carpet, a wood-burning fire place and charming build-in cabinets.
1374 Summit Ave. #1, St. Paul, MN
List Price: $300,000 | HOA Fee: $180/month
Size: 2 bed | 1 baths | 1,290 sq. ft.
Seller’s Agent: Jonas Stomberg, Keller Williams Integrity RE
This darling 2 bed, 1 bath condo is the only of today’s featured properties within St. Paul’s city limits. But the condo isn’t just in St. Paul, it’s located on the historic Summit Avenue and is chock-full of the period details you’d expect in a mansion originally constructed in 1889. The stately living room has a gas-lit fireplace, perfect for cozying up and taking in unobstructed views of the front perennial garden. This home offers a wonderful balance of old and new: a remodeled kitchen is perfect for the casual dinner, while a separate, chandelier-lit dining room offers entertaining reminiscent of yesteryear. Bedrooms have been meticulously maintained, with the master bedroom offering a spa-like bathroom that includes a heated tile floor and wooden built-in cabinets.
For just $300k, you can have your choice of waterfront, downtown, historic or ultra-modern condos in the Twin Cities metro. With so many options, how is a buyer to choose?
Next week we’ll look once again at the $300k price point but this time we’ll look at what that can buy you in a single family home. Stay tuned!