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321 E Diamond Lake Rd, Minneapolis, MN, 55419

4beds
3baths
2,971sqft
$585,000
$197price/sqft
$4,067/moest. monthly cost
$162,680/yrincome needed

About This Home

Southwest School Dist. Charming home on corner lot. MAC windows. Tons of updates throughout. Exterior stucco, trim, soffit and facia was professionally painted in summer of 2022. Nicely updated and open kitchen w/double-ovens flows nicely into the dining room and living room. Lovely sunroom above garage overlooks landscaped backyard with built in desk top that can double as an office space. Spacious primary suite has vaulted ceilings, attached 3/4 bath, walk-in closet, a sitting area and an attached den w/skylight that can be used as a home office or nursery. Basement was recently remodeled w/3 new Anderson egress windows with cedar wood window boxes. Basement bedroom has two egress windows. You could easily add a 5th bedroom by adding a wall between the two windows and adding a second door. New front Anderson storm door, new all glass rear door and new garage door w/smart opener. Backyard is fully hardscaped w/paver patio, retaining walls, landscaping and a cedar privacy fence. Diamond Lake is across the street. 1 block to Pearl Park. 3 blocks to Kowalskis and Guavas Cuban Cafe. Enjoy your summers at Lake Nokomis!

Getting Around

63
WalkingSomewhat Walkable
49
TransitSome Transit
57
BikeBikeable

Schools

7/10
Windom SchoolGrades K-50.6 mi
7/10
Anthony Middle SchoolGrades 6-81.4 mi
--

Construction

Condition

  • Year built: 1937

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family

Interior

Appliances

  • Appliances included: Cooktop,Dishwasher,Double Oven,Exhaust Fan,Gas Water Heater,Refrigerator,Stainless Steel Appliance(s)

Basement

  • Has basement: Yes
  • Basement: Block,Egress Window(s),Finished,Storage Space

Bedroom

  • Level: Main
  • Area: 170.5
  • Dimensions: 11x15.5

Bedroom2

  • Level: Main
  • Area: 132
  • Dimensions: 11x12

Bedroom3

  • Level: Upper
  • Area: 228
  • Dimensions: 19x12

Bedroom4

  • Level: Lower
  • Area: 245
  • Dimensions: 10x24.5

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 3
  • Full bathrooms: 3

Den

  • Level: Upper
  • Area: 117
  • Dimensions: 13x9

Dining Room

  • Level: Main
  • Area: 141.75
  • Dimensions: 13.5x10.5

Family Room

  • Level: Lower
  • Area: 312
  • Dimensions: 24x13

Features

  • Number of fireplaces: 1
  • Fireplace features: Living Room,Wood Burning
  • Fireplace: Yes
  • Finished area below ground: 747
  • Finished area above ground: 2,224

Heating & Cooling

  • Heating features: Boiler
  • Cooling features: Central Air

Interior Area

  • Total structure area: 3,592
  • Total interior livable area: 2,971 sqft

Kitchen

  • Level: Main
  • Area: 160
  • Dimensions: 10x16

Living Room

  • Level: Main
  • Area: 325.5
  • Dimensions: 21x15.5

Sun Room

  • Level: Main
  • Area: 224.25
  • Dimensions: 19.5x11.5

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 2202824110047
  • Zoning description: Residential-Single Family
  • Foundation area: 1512

Features

  • Levels: One and One Half
  • Stories: 1
  • Patio & porch: Patio
  • Fencing: Full,Privacy,Wood

Lot

  • Lot size: 6,534 sqft
  • Features: Corner Lot
  • Lot size dimensions: 65 x 138 x 16 x 50 x 56 x 42

Parking

  • Total spaces: 1
  • Parking features: Attached,Concrete
  • 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
  • Hail
    HailRelatively High
  • Heat Wave
    Heat WaveRelatively High
  • Tornado
    TornadoRelatively High
  • Inland Flooding
    Inland FloodingModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Cold Wave
Hail
Heat Wave
Tornado
Inland Flooding
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 $2,958$35,496
Home Insurance *$323$3,876
Property Taxes $536$6,432
Electricity $250$3,006
Total$4,067$48,804
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$139,440/yr
40% on housing$122,010/yr
45% on housing$108,453/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

$197This listing

vs Other Active Listings

Avg $/sqft

ZIP 55419$211
Hennepin County$211

vs Homes Sold Last Month

Median $/sqft

ZIP 55419$266
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
2026-07-16Listed for sale$585,000
2022-08-29Listing removed--
2022-08-01Price change$610,000
2022-07-14Price change$625,000
2022-07-07Listed for sale$650,000
2015-10-09Sold$311,000

For Sale by Agent

AgentJohn Kane
BrokerageKeller Williams Realty Integrity

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