Ranch home in Minneapolis, MN
This 2,102-square-foot Ranch home in Minneapolis, MN includes 4 bedrooms and 2 bathrooms. Its Ranch character defines the property's look.
| Price | $549,000 |
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| Beds | 4 |
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| Baths | 2 |
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| Sqft | 2102 |
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| Architectural style | Ranch (62% match) |
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| Address | 709 E 61st St, Minneapolis, MN 55417 |
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Why buy this home
- Confirmed Ranch architecture, matched from the listing photos by Enzo's vision model.
- Links directly to the original source listing on Zillow.
Is this a good buy?
Priced above comparable homes.
- At $549K, this home is 46% above the $375K median for 157 similar Ranch homes in Minneapolis, MN.
- That works out to $261 per square foot, 24% above the $211 comparable rate.
- New to market (2 days), so expect competition.
| This home | $549,000 |
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| Ranch median in Minneapolis, MN | $375,000 (157 homes) |
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| Price per sq ft | $261 vs. $211 comps median |
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Enzo's reads public listing data and links to the original source. Confirm condition, HOA, taxes and fees there. This is a signal, not advice.
What it costs to own
Estimated at $3,719/month with 20% down at a 7.28% 30-year fixed rate. You would need about $159,375 in gross annual income to keep housing within a 28% ratio.
| Mortgage (P&I) | $3,005/mo |
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| Property tax (new-buyer reassessed rate) | $508/mo |
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| Homeowners insurance | $206/mo |
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| Total monthly | $3,719/mo |
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| Down payment (20%) | $109,800 |
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| Income needed | $159,375/yr |
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A signal to compare homes, not financial advice or a loan offer.
Financial outlook (modeled)
Enzo's grades this home C (59 out of 100) over a 5-year hold, from a Monte-Carlo of local home-price dynamics and the interest-rate path versus renting.
| Grade | C (59/100) |
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| Beats renting in | 10% of modeled paths |
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| Modeled 5-yr equity (median) | $245,965 |
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| Range (10th to 90th pct) | $143,062 to $367,358 |
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A probabilistic model built on public data (Zillow ZHVI, FRED rates), not a guarantee or financial advice. Local price dynamics are pooled toward Minneapolis, MN where local data is thin.
Local home values
Typical home values in Minneapolis, MN have risen about 11% over the past 5 years (+2% in the last year), per the Zillow Home Value Index. This reflects the metro market, not this specific home.
View this home on Zillow