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400 Groveland Ave APT 1714, Minneapolis, MN, 55403

1beds
1baths
751sqft
$129,000
$172price/sqft
$1,043/moest. monthly cost
$41,720/yrincome needed

About This Home

Welcome to Summit House and this 17th-floor, one-bedroom condo offering an easy blend of comfort, convenience, and city living. The bright, functional floor plan features wood flooring, a spacious living area, dedicated dining space, and a private balcony with elevated views of Minneapolis. The kitchen offers a center island for additional prep and seating space, while the generously sized bedroom and ample storage help make the most of the home’s approximately 750 square feet. Beyond the unit, Summit House offers an impressive collection of shared amenities, including rooftop pool, fitness facilities, community and gathering spaces, secure building access, and heated garage parking. Association dues include all of the everyday utilities and services, adding simplicity to condo living. Located in the Loring Park neighborhood, the building provides convenient access to Loring Park, the Minneapolis Sculpture Garden, Walker Art Center, downtown Minneapolis, dining, entertainment, trails, and public transportation. Whether you’re looking for a full-time residence or a low-maintenance city home, Unit #1714 offers an opportunity to enjoy Minneapolis from above. Call today for your private showing.

Getting Around

85
WalkingVery Walkable
67
TransitGood Transit
75
BikeVery Bikeable

Schools

6/10
3/10
North Academy Senior HighGrades 9-122.1 mi

Construction

Condition

  • Year built: 1968

Materials

  • Roof: Flat
  • Construction materials: Block,Concrete

Type & Style

  • Home type: Condo
  • Property subType: (CC) High Rise (4+ Levels)

Interior

Appliances

  • Appliances included: Cooktop,Dishwasher,Disposal,Microwave,Refrigerator,Wall Oven
  • Laundry features: In Hall,Laundry Room

Basement

  • Has basement: Yes
  • Basement: None

Bedroom

  • Level: Main
  • Area: 154
  • Dimensions: 14x11

Bedrooms & Bathrooms

  • Bedrooms: 1
  • Bathrooms: 1
  • Full bathrooms: 1

Dining Room

  • Level: Main
  • Area: 80
  • Dimensions: 10x8

Features

  • Finished area below ground: 0
  • Finished area above ground: 751

Heating & Cooling

  • Heating features: Forced Air
  • Cooling features: Central Air

Interior Area

  • Total structure area: 751
  • Total interior livable area: 751 sqft

Kitchen

  • Level: Main
  • Area: 64
  • Dimensions: 8x8

Living Room

  • Level: Main
  • Area: 300
  • Dimensions: 25x12

Property

Accessibility

  • Accessibility features: Accessible Elevator Installed

Details

  • Parcel number: 2702924330367
  • Attached to another structure: Yes
  • Zoning description: Residential-Multi-Family
  • Foundation area: 751

Features

  • Levels: One
  • Stories: 1
  • Private pool: Yes
  • Pool features: Outdoor Pool,Shared
  • Fencing: None

Lot

  • Lot size: 2.02 Acres
  • Features: Tree Coverage - Light
  • Lot size dimensions: 2.018

Parking

  • Total spaces: 1
  • Parking features: Asphalt,Concrete,Guest,Heated Garage,Underground
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveRelatively High
  • Heat Wave
    Heat WaveRelatively High
  • Tornado
    TornadoRelatively High
  • Hail
    HailModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Cold Wave
Heat Wave
Tornado
Hail
Strong Wind
Winter Weather

FEMA Declared Disasters in Hennepin County and Minnesota

Flood
Severe Storm
Straight Line Winds

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $652$7,824
Home Insurance *$103$1,236
Property Taxes $118$1,416
Electricity $170$2,050
Total$1,043$12,516
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$35,760/yr
40% on housing$31,290/yr
45% on housing$27,813/yr

Minnesota FAIR Plan Programs

Minnesota FAIR Plan

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 4,160Commercial: 101
Total Premiums$4.54M
Total Exposure$457.44M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 11.2%
11.2%
0%30.0%
Electricity Growth Rate10-year average: 2.7%
2.7%
0%15.0%
Property Taxes Growth Rate2-year average: 0.2%
0.2%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$172This listing

vs Other Active Listings

Avg $/sqft

ZIP 55403$207
Hennepin County$211

vs Homes Sold Last Month

Median $/sqft

ZIP 55403$196
Hennepin County$207

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-07-28Listed for sale$129,000
2022-08-10Sold$135,000
2022-01-21Sold$174,336
2019-09-03Sold$180,000
2019-07-22Listed for sale$165,000
2019-07-22Pending sale$165,000
2019-07-08Listed for sale$165,000
2011-02-10Sold$82,500
2010-11-18Price change$90,000
2010-10-22Price change$103,000
2010-09-18Listed for sale$115,000
2006-06-22Sold$164,000
2001-09-11Sold$125,500

For Sale by Agent

AgentGeorge Massad
BrokerageMassad Real Estate

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