NOT LISTED FOR SALE

Estimated Value: $646,000 - $715,000

2 Beds
2 Baths
1,850 Sq Ft
$367/Sq Ft Est. Value

Last Sold May 22, 2020

Last sale price $660,000 $357 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $5,090/month

6 Days on Market

Highlights

  • Building Security
  • Wood Flooring
  • Balcony
  • City View
  • Elevator
  • 3-minute walk to James I. Rice Park

About This Home

As of May 2020

Proudly presenting this sweet and sophisticated North Loop condo located in the popular Rock Island Lofts! Massive floor to ceiling windows bring in tons of beautiful natural light. This home boasts a great floorplan with two generous bedrooms PLUS a flex room that could be used as an office, den, game room or home theater. One of many highlights is the rare 32’x7’ covered outdoor balcony showcasing stunning views of the Minneapolis skyline. Owner’s suite includes a huge walk-through closet with custom built-ins and private bathroom with tile shower and separate soaking tub. Kitchen has granite counter-tops, stainless appliances, gas cook-top and center island with room for 4 stools. Full size laundry area has plenty of storage. 2 underground heated parking spaces! Building amenities include community/party room, fitness center and private storage locker. The HOT North Loop n'hood offers premier access to some of the area’s best dining, retail and entertainment options. Welcome Home!

Last Listed By

Charlie Aul

Lakes Sotheby's International Realty Listed on: 04/21/2020

Lakes Sotheby's International Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,972

Year Built

  • Built in 2002

Lot Details

  • 0.79

HOA Fees

  • $675 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Heated Garage
  • Tuck Under Garage
  • Insulated Garage
  • Garage Door Opener
  • Secure Parking

Home Design

  • Property Attached
  • Flat Roof Shape
  • Tar and Gravel Roof
  • Stone Siding

Interior Spaces

  • 1,850 Sq Ft Home
  • 1-Story Property
  • Woodwork
  • French Doors
  • Panel Doors
  • City Views
  • Fire Sprinkler System

Kitchen

  • Cooktop
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Central Air
  • Vented Exhaust Fan
  • Baseboard Heating
  • Hot Water Heating System

Additional Features

  • Balcony
  • 0.79 Acre Lot

Listing and Financial Details

  • Assessor Parcel Number 2202924140682

Community Details

Overview

  • Association fees include building exterior, controlled access, hazard insurance, heating, outside maintenance, professional mgmt, sanitation, shared amenities, snow/lawn care, water/sewer
  • Firstservice Resedential Association
  • Cic 1192 Rock Island Lofts Subdivision
  • Rental Restrictions

Additional Features

  • Elevator
  • Building Security

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,972

Year Built

Built in 2002

Lot Details

0

HOA Fees

$675 per month

Parking

2

Listing Details

  • Type: Single Family
  • Property Subtype 1: (CC) High Rise (4+ Levels)
  • Cooling System: Central
  • Outside Features: Brick/Stone
  • Garage Spaces: 2.00
  • Accessibility Features: Doors 36+, Elevator, Hallways 42+, No Stairs Internal
  • Water Source: City Water/Connected
  • Association Amenities: Elevator(s), Fire Sprinkler System, Security Building
  • Fuel Type: Natural Gas
  • Fee Frequency: Monthly
  • Year Built: 2002
  • Fractional Ownership Y N: No
  • Above Grade Finished Sq Ft: 1850.00
  • Above Grade Finished Area Search: 1850.00
  • Above Grade Finished Sq Ft: 1850.00
  • Assessment Pending Y N: No
  • Association Management: FirstService Resedential
  • Management Company Phone: 952-277-2700
  • Below Grade Units: Square Feet
  • Carport Y N: No
  • Floor Plan Type: All Living Facilities on One Level, Main Floor Bedroom, Main Floor Laundry
  • Foundation Area Units: Square Feet
  • Garage Stall Unit Description: 34/31
  • Internet Entire Listing Display: Yes
  • List A O R Key Numeric: 6457
  • Listing Organization: Iowa
  • Living Area Finished: 1850.00
  • Living Area Finished Units: Square Feet
  • Main Level Area: 1850.00
  • Main Level Area Units: Square Feet
  • Minneapolis Community Names: Central
  • Parcel Numbers: 2202924140682,2202924140753,2202924140760
  • Rental License: No
  • Restrictions Type: Mandatory Owners Assoc, Pets - Breed Restriction, Pets - Cats Allowed, Pets - Dogs Allowed, Pets - Number Limit, Pets - Weight/Height Limit, Rental Restrictions May Apply
  • Stories Type: One
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Shared Room: Amusement/Party Room, Community Room, Exercise Room
  • Basement: None
  • Appliances: Cooktop, Dishwasher, Disposal, Dryer, Exhaust Fan/Hood, Microwave, Range, Refrigerator, Washer
  • Dining Room Features: Breakfast Bar, Eat In Kitchen, Informal Dining Room, Kitchen/Dining Room, Living/Dining Room
  • Bathroom Type: Bathroom Ensuite, Full Master, Main Floor Full Bath, Private Master, Separate Tub & Shower
  • Living Area: 1850.00
  • Fireplace: No
  • Stories: 1

Beds/Baths

  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 2

Exterior Features

  • Roof: Flat, Tar/Gravel
  • Fencing: None

Garage/Parking

  • Parking Features: Assigned, Attached Garage, Driveway - Concrete, Garage Door Opener, Heated Garage, Insulated Garage, Secured, Tuckunder Garage, Underground Garage

Utilities

  • Heating: Baseboard, Hot Water
  • Sewer: City Sewer/Connected
  • Electric: Circuit Breakers

Condo/Co-op/Association

  • HOA Fee Includes: Building Exterior, Controlled Access, Hazard Insurance, Heating, Outside Maintenance, Professional Mgmt, Sanitation, Shared Amenities, Snow/Lawn Care, Water/Sewer
  • Association Fee: 675.00

Association/Amenities

  • Property Amenities: Balcony, Cable, City View, French Doors, Hardwood Floors, Kitchen Center Island, Main Floor Master Bedroom, Master Bedroom Walk-In Closet, Natural Woodwork, Paneled Doors, Tile Floors, Walk-In Closet, Washer/Dryer Hookup

Schools

  • School District: 1 - Minneapolis
  • School District Phone: 612-668-0000

Lot Info

  • Zoning: Residential-Multi-Family
  • Construction: Previously Owned
  • Waterfront YN: No
  • PropertyAttachedYN: Yes
  • Assessment Pending: No
  • Lot Size: Common
  • Homestead: Yes
  • Lot Size Acres: 0.7940
  • Lot Size Area Units: Square Feet

Building Info

  • New Development: No

Tax Info

  • TaxLegalDescription: CIC NO 1192 ROCK ISLAND LOFTS UNIT NO 308
  • Tax Amount: 7972.00
  • Tax Year: 2020
  • Tax With Assessments: 7972.00
  • Assessor Parcel Number: 2202924140682

Multi Family

  • Above Grade Finished Sq Ft: Square Feet

MLS Schools

  • School District Name: 1 - Minneapolis

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 21, 2020
Closed on
May 18, 2020
Sold by
Rowe Matthew R and Matthew R Rowe Trust
Bought by
Gramling Richard J and Gramling Mitzi T
Seller's Agent
Charlie Aul
Lakes Sotheby's International Realty
Buyer's Agent
Lisa Dorn
RE/MAX Results
List Price
$669,000
Sold Price
$660,000
Premium/Discount to List
-$9,000
-1.35%
Total Days on Market
6
Current Estimated Value
$678,074

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$18,074
Avg. Annual Appreciation
0.55%
Original Mortgage
$510,000
Outstanding Balance
$457,819
Interest Rate
3.3%
Mortgage Type
New Conventional
Estimated Equity
$220,255

Purchase Details

Listed on
May 30, 2019
Closed on
Aug 19, 2019
Sold by
Rowe Matthew
Bought by
Rowe Matthew R and Matthew R Rowe Trust
Seller's Agent
Valerie Fazendin
Fazendin REALTORS
Buyer's Agent
Charlie Aul
Lakes Sotheby's International
List Price
$685,000
Sold Price
$655,000
Premium/Discount to List
-$30,000
-4.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.91%
Original Mortgage
$425,000
Interest Rate
3.82%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 30, 2019
Closed on
Jul 19, 2019
Sold by
Angela O Malley Brian T and Malley Angela O
Bought by
Rowe Matthew
Seller's Agent
Valerie Fazendin
Fazendin REALTORS
Buyer's Agent
Charlie Aul
Lakes Sotheby's International
List Price
$685,000
Sold Price
$655,000
Premium/Discount to List
-$30,000
-4.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$425,000
Interest Rate
3.82%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 4, 2013
Closed on
Jul 23, 2013
Sold by
Mantle Thomas W and Mantle Cheryl L
Bought by
Omalley Brian T
Seller's Agent
Fritz Kroll
Edina Realty, Inc.
List Price
$550,000
Sold Price
$530,000
Premium/Discount to List
-$20,000
-3.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.60%
Original Mortgage
$417,000
Interest Rate
3.93%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 6, 2006
Sold by
Good Gregory and Good Julie
Bought by
Mantle Thomas and Mantle Cheryl

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$384,000
Interest Rate
6.42%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 20, 2004
Sold by
Rock Island Llc
Bought by
Good Gregory M and Good Julie L

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Gramling Richard J $660,000 None Available
Rowe Matthew R -- None Available
Rowe Matthew $655,000 Minnetonka Title
Omalley Brian T $530,000 Edina Realty Title Inc
Mantle Thomas $480,000 --
Good Gregory M $449,416 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gramling Richard J $510,000
Previous Owner Rowe Matthew $425,000
Previous Owner Omalley Brian T $417,000
Previous Owner Mantle Thomas W $395,000
Previous Owner Mantle Thomas W $384,000
Previous Owner Mantle Thomas W $96,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/22/2020 05/22/20 Sold $660,000 -1.3% $357 / Sq Ft
05/04/2020 05/04/20 Pending -- -- --
04/27/2020 04/27/20 For Sale $669,000 +2.1% $362 / Sq Ft
07/19/2019 07/19/19 Sold $655,000 -4.4% $354 / Sq Ft
07/01/2019 07/01/19 Pending -- -- --
05/30/2019 05/30/19 For Sale $685,000 +29.2% $370 / Sq Ft
07/26/2013 07/26/13 Sold $530,000 -3.6% $286 / Sq Ft
07/06/2013 07/06/13 Pending -- -- --
04/04/2013 04/04/13 For Sale $550,000 -- $297 / Sq Ft
Source: NorthstarMLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2023 $7,870 $584,000 $52,000 $532,000
2022 $8,272 $584,000 $48,000 $536,000
2021 $7,979 $579,000 $39,000 $540,000
2020 $7,972 $579,000 $38,700 $540,300
2019 $7,772 $541,000 $29,000 $512,000
2018 $8,641 $515,000 $29,000 $486,000
2017 $8,259 $528,000 $11,600 $516,400
2016 $8,068 $506,000 $11,600 $494,400
2015 $7,213 $432,000 $11,600 $420,400
2014 -- $362,000 $11,600 $350,400
Source: Public Records

Agents Affiliated with this Home

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Source: NorthstarMLS

MLS Number: NST5555215

NorthstarMLS

APN: 22-029-24-14-0682