Franklin Lofts 111 E Franklin Ave Unit 318 Minneapolis, MN 55404
Whittier NeighborhoodEstimated Value: $192,000 - $248,000
2
Beds
1
Bath
1,100
Sq Ft
$665/mo
HOA Fee
Highlights
- Corner Lot
- Elevator
- 2 Car Attached Garage
- Community Garden
- The kitchen features windows
- 4-minute walk to Washburn Fair Oaks Park
About This Home
As of May 2024Welcome to sunny loft living near the Wedge, walking distance to downtown & your neighborhood heartbeat, eat street! This 2 bedroom, one bath features one of the most expansive floor plans in the building with wall to wall windows for sun all year long. The floor plan is completely open living, dining, kitchen concept. The movable island makes the space flexible for socializing & customization of your layout. Added Features; walk-in closets & in unit laundry.An added bonus is the tandem double, indoor, heated garage parking stall to keep your vehicles warm and secure. You'll never have to worry about finding parking space. This unit has no outstanding assessments as all previous expenses have been fully paid. The seller has replaced windows that the HOA will have slated for replacement in other units, sparing that expense down the line. HOA's were reduced considerably this year to $665. Cable($33) & Garage fee ($16).Buyer and Buyer's Agent to Verify Measurements.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $2,698
Year Built
- Built in 2004
Lot Details
- 1.73
HOA Fees
- $665 Monthly HOA Fees
Parking
- 2 Car Attached Garage
- Heated Garage
- Insulated Garage
- Guest Parking
- Assigned Parking
- Secure Parking
Home Design
- Flat Roof Shape
- Tar and Gravel Roof
Interior Spaces
- 1,100 Sq Ft Home
- 1-Story Property
- Living Room
- Combination Kitchen and Dining Room
- Basement
Kitchen
- Range
- Microwave
- Dishwasher
- The kitchen features windows
Bedrooms and Bathrooms
- 2 Bedrooms
- Walk-In Closet
- 1 Full Bathroom
Laundry
- Dryer
- Washer
Utilities
- Forced Air Heating and Cooling System
- Underground Utilities
- 200+ Amp Service
- 100 Amp Service
- Cable TV Available
Additional Features
- Patio
- Additional Parcels
Listing and Financial Details
- Assessor Parcel Number 3402924120125
Community Details
Overview
- Association fees include maintenance structure, controlled access, hazard insurance, lawn care, ground maintenance, professional mgmt, security, shared amenities, snow removal, water
- Omega Association, Phone Number (763) 449-9100
- Low-Rise Condominium
- Cic 1309 Franklin Lofts Condo Subdivision
Amenities
- Community Garden
- Elevator
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 12, 2024
Closed on
May 7, 2024
Sold by
Larson Nancy
Bought by
Rimmer Michelle
Seller's Agent
Sara Shaylie
Watermark Homes
List Price
$235,000
Sold Price
$227,500
Premium/Discount to List
-$7,500
-3.19%
Total Days on Market
74
Views
32
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,540
Avg. Annual Appreciation
-1.47%
Original Mortgage
$216,125
Outstanding Balance
$214,068
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
$9,892
Purchase Details
Closed on
Jun 6, 2023
Sold by
Larson Todd and Larson Neysa
Bought by
Larson Nancy
Similar Homes in Minneapolis, MN
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Rimmer Michelle | $227,500 | -- | |
| Larson Nancy | $500 | None Listed On Document |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Rimmer Michelle | $216,125 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/07/2024 05/07/24 | Sold | $227,500 | -3.2% | $207 / Sq Ft |
| 04/30/2024 04/30/24 | Pending | -- | -- | -- |
| 04/05/2024 04/05/24 | For Sale | $235,000 | +3.3% | $214 / Sq Ft |
| 03/26/2024 03/26/24 | Off Market | $227,500 | -- | -- |
| 03/17/2024 03/17/24 | Price Changed | $235,000 | -0.8% | $214 / Sq Ft |
| 03/08/2024 03/08/24 | For Sale | $237,000 | +4.2% | $215 / Sq Ft |
| 03/06/2024 03/06/24 | Off Market | $227,500 | -- | -- |
| 02/16/2024 02/16/24 | For Sale | $237,000 | -- | $215 / Sq Ft |
Source: NorthstarMLS
Tax History Compared to Growth
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 | $2,720 | $223,000 | $12,000 | $211,000 |
| 2022 | $3,337 | $238,000 | $11,000 | $227,000 |
| 2021 | $3,210 | $253,000 | $8,000 | $245,000 |
| 2020 | $3,292 | $252,000 | $15,300 | $236,700 |
| 2019 | $3,175 | $240,000 | $15,300 | $224,700 |
| 2018 | $2,948 | $226,500 | $15,300 | $211,200 |
| 2017 | $2,784 | $197,000 | $15,300 | $181,700 |
| 2016 | $2,791 | $192,000 | $15,300 | $176,700 |
| 2015 | $2,931 | $192,000 | $15,300 | $176,700 |
| 2014 | -- | $163,000 | $15,300 | $147,700 |
Source: Public Records
Agents Affiliated with this Home
-
Sara Shaylie
S
Seller's Agent in 2024
Sara Shaylie
Watermark Homes
(612) 387-0274
4 in this area
64 Total Sales
About Franklin Lofts
Map
Source: NorthstarMLS
MLS Number: 6488943
APN: 34-029-24-12-0125
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