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Single Family ResidenceResidential
$407,339$259 / ft²
TopHap EstimateOur estimate of what this home would sell for today, based on nearby sales, the home's size and features, and local price trends. It is a starting point, not an appraisal.· confidence 88How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Jul 14, 2026

1516 E RIVER TER

MINNEAPOLIS, MN 55414
3
Beds
1
Baths
1,573 ft²
Living AreaTotal finished area of the structures, from county records. Some counties include shared space like hallways or a building gym, so it may not match a listing.
0.19 ac
Lot SizeThe size of the land the home sits on, from county records.
1937
Year BuiltThe year the home was originally built, according to county records.
1
StoriesHow many floors the home has above ground.
7
RoomsThe total room count in county records. Counties differ on which rooms they count, so compare it loosely.

Valuation

$407K
$358K low$456K high
Est. Owner EquityRoughly how much of the home's value the owner would keep after paying off known loans. It is our estimate minus the loans still owed.$407,339
Est. Lendable EquityThe part of the owner's equity a lender would typically let them borrow against — about 80% of their equity.$325,871

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$7,669 (2025)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$497,000 (2025)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$204,000
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$293,000
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$452,000
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$497,000

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Single Family Residence
CountyHENNEPIN
Lot (acres)The size of the land the home sits on, from county records.0.19
ConstructionThe main material the home's frame and walls are built from.Wood (Unspecified)
RoofThe main material covering the roof, such as asphalt shingle or tile.Asphalt
HeatingThe type of heating system in the home.Forced Air With Air Conditioning
FireplaceWhether the home has a fireplace, and what kind.Yes
GarageWhether the property has a garage, and details like whether it is attached to the home.Garage, Attached
PoolWhether the property has a pool, and what kind, such as in-ground.No

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

E
Pratt Community SchoolD-
Elementary · Grades PK–5 · 0.4 mi
H
Edison High SchoolC
High · Grades 9–12 · 3.6 mi
M
Northeast Community Middle SchoolD
Middle · Grades 6–8 · 4.1 mi

District: Minneapolis Public School District

Neighborhood · ZIP 55414These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.153
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.86
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.9

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.94%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.39%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.35%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.0.9%
PopulationHow many people live in this area.32,825
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.9,698 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$55,708
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$72,953
Average tempThe average temperature here across a full year.45°F
Annual precipHow much rain and melted snow falls here in a typical year.31 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.58%

Ownership

OccupancyWhether the owner appears to live here or somewhere else. It is inferred from the mailing address on record.Owner occupied
Company ownedWhether the owner is a company or trust rather than a person.No

Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

How this home compares

1516 E River Ter measured against every home in its neighborhood, its ZIP code and its county, using county assessor records refreshed nightly. A home can stand out in one of those areas and look ordinary in another, because each one holds a different mix of homes.

  • Worth more than 80% of homes in Minneapolis 55414
  • Costs more per square foot than 77% of homes in Prospect Park / East River Road
  • Older than 81% of homes in Hennepin County

What homes are worth in Minneapolis 55414

Each bar is how many homes fall in that price range. The marker is this home.

This home
$28K$937K

This home is worth more than 80% of homes in Minneapolis 55414.

How it measures up in Minneapolis 55414

The dot is this home. The mark in the middle is the typical home in Minneapolis 55414.

Estimated value$407,339
CheaperTypical $288,920Pricier

Pricier than 80% of homes nearby

Price per ft²$259
CheaperTypical $218Pricier

Pricier than 68% of homes nearby

Living area1,573 ft²
SmallerTypical 1,500 ft²Bigger

Bigger than 54% of homes nearby

Lot size0.19 ac
SmallerTypical 0.18 acBigger

Bigger than 51% of homes nearby

Year built1937
OlderTypical 1936Newer

Newer than 50% of homes nearby

How 1516 E River Ter ranks against every home in each area.
MeasureThis homeProspect Park / East River RoadMinneapolis 55414Hennepin County
Estimated valuepricier than$407,33976% of homes80% of homes71% of homes
Price per ft²pricier than$25977% of homes68% of homes67% of homes
Living areabigger than1,573 ft²42% of homes54% of homes61% of homes
Lot sizebigger than0.19 ac56% of homes51% of homes36% of homes
Year builtnewer than193762% of homes50% of homes19% of homes

About 1516 E River Ter

How much is 1516 E River Ter, Minneapolis, MN worth?

The TopHap Estimate for 1516 E River Ter, Minneapolis, MN is $407,339 as of Jul 14, 2026. The likely range is $358,480 to $456,198. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 1516 E River Ter, Minneapolis, MN last sell?

1516 E River Ter, Minneapolis, MN last sold on Jan 1, 1900, according to the county's recorded deed.

How big is 1516 E River Ter, Minneapolis, MN?

1516 E River Ter, Minneapolis, MN has 3 bedrooms, 1 bathrooms, 1,573 square feet of living space and a 0.19-acre lot.

When was 1516 E River Ter, Minneapolis, MN built?

1516 E River Ter, Minneapolis, MN was built in 1937, making it 89 years old. The building has 1 story.

What schools serve 1516 E River Ter, Minneapolis, MN?

1516 E River Ter, Minneapolis, MN is assigned to Pratt Community School (elementary), rated D-; Edison High School (high), rated C; Northeast Community Middle School (middle), rated D. All sit in Minneapolis Public School District. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 1516 E River Ter, Minneapolis, MN compare to other homes in Minneapolis 55414?

Among the 4,828 homes in Minneapolis 55414, it is worth more than 80% of them ($407,339 against a typical $288,920), its price per square foot is higher than 68% of them ($259 against a typical $218), it is bigger than 54% of them (1,573 ft² against a typical 1,500 ft²), its lot is bigger than 51% of them (0.19 ac against a typical 0.18 ac) and it is newer than 50% of them (1937 against a typical 1936). Measured against all of Hennepin County, it is worth more than 71% of homes there. These shares are recounted nightly from the full county assessor record for each area, not from active listings.

What are the property taxes on 1516 E River Ter, Minneapolis, MN?

The 2025 property tax bill for 1516 E River Ter, Minneapolis, MN was $7,669. The county assessed it at $497,000.

Closest homes

More homes in Minneapolis 55414

Assigned schools

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