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1321 Lake Drive W Unit 227

Chanhassen, MN 55317

1 bed
1 bath
763 sqft
740 sqft lot
$208 per sqft
2001 build
– on site

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!

Listing courtesy of NORTHSTAR / Adam Hunt / VSM Real Estate LLC

Last checked: Checking… • Last updated Dec 16, 2024 •

MLS# 6636314 —

The Building

Year Built:

2001
New Construction:

false
Age Of Property:

23
Construction Materials:

Brick/Stone, Vinyl Siding
Accessibility Features:

Doors 36"+, Accessible Elevator Installed, Hallways 42"+
Levels:

One
Main Level Finished Area:

763.0000
Basement:

None
Basement:

false
Foundation Area:

763
Manufactured Home:

No
Building Area Total:

763
Above Grade Finished Area:

763

Interior

Dining Room Description:

Breakfast Bar,Living/Dining Room
Fireplace:

false
Amenities:

Cable,Ceiling Fan(s),Deck,Indoor Sprinklers,Main Floor Primary Bedroom,Paneled Doors,Washer/Dryer Hookup

Room Dimensions

Living Area:

763

Location

Directions:

Hwy 212 to north on Powers Blvd or Hwy 5 to south on Powers Blvd. to west on Lake Dr. W. to Powers Ridge entrance on south side of road.
Latitude:

44.854665
Longitude:

-93.553115

The Property

Parcel Number:

256350267
Zoning Description:

Residential-Multi-Family
Property Type:

Residential
Property Subtype:

Low Rise
Property Attached:

true
Additional Parcels:

false
Lot Size Area:

0.02
Lot Size Dimensions:

common
Lot Size SqFt:

740.52
Lot Size Units:

Acres
Water Source:

City Water/Connected
Land Lease:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2024
Tax Annual Amount:

1880
Tax With Assessments:

1880.0000

Beds

Bedrooms Total:

1

Baths

Total Baths:

1
Full Baths:

1

Heating & Cooling

Heating:

Forced Air
Cooling:

Central Air

Utilities

Sewer:

City Sewer/Connected

Appliances

Appliances:

Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer

Schools

High School District:

Eastern Carver County Schools

The Community

Subdivision Name:

Powers Ridge Condo Homes
Pool Features:

Heated, Indoor, Shared
Association:

true
Association Amenities:

Deck, Elevator(s), Fire Sprinkler System, Spa/Hot Tub, In-Ground Sprinkler System, Security
Association Name:

FirstService Residential
Association Fee:

524
Association Fee Includes:

Maintenance Structure, Hazard Insurance, Lawn Care, Maintenance Grounds, Professional Mgmt, Security, Shared Amenities, Snow Removal
Association Fee Frequency:

Monthly
Assessment Pending:

No

Parking

Parking Features:

Assigned, Heated Garage, Paved, Secured, Storage, Underground
Garage Spaces:

1

Monthly cost estimate

Asking price

$159,000

Expense	Monthly cost
Mortgage	$851
Taxes	$156
Insurance	$43
HOA fees	$524
Utilities	$90 See report
Total	$1,664/mo.^*
	^*This is an estimate

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

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Soundscore™

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Air Pollution Index

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Sale history

Date	Event	Source	Price	% Change
12/9/24 Dec 9, 2024	Price Changed	NORTHSTAR	$159,000	-3.0%
12/2/24 Dec 2, 2024	Listed / Active	NORTHSTAR	$164,000	-4.1% (-1.5% / YR)
3/10/22 Mar 10, 2022		NORTHSTAR	$171,000	6.2%

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This condo located in Chanhassen, MN 55317 is currently for sale for $159,000. 1321 Lake Drive W Unit 227 is a 763 square foot condo with 1 bed and 1 bath that has been on Estately for 19 days. This condo is in the attendance area of Chanhassen High School, Chanhassen Elementary School, and Pioneer Ridge Middle School.

Listing Courtesy of: NORTHSTAR and VSM Real Estate LLC.

Estately, Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Thomas Rehman, a licensed Real Estate Broker in the state of Minnesota, and a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. Information deemed reliable but not guaranteed.

©2024 Regional Multiple Listing Service of Minnesota, Inc. All Rights Reserved. Information deemed reliable but not guaranteed. Property data presented reflects information otherwise available from public records. The REALTOR® providing this information may not have represented the buyer or seller in some or all of the transactions.

The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. RMLS and Estately, Inc. assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law.

Open house information subject to change without notice.

Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.