Franklin Lofts 111 E Franklin Ave Unit 323 Minneapolis, MN 55404
Whittier NeighborhoodEstimated Value: $146,000 - $161,770
1
Bed
1
Bath
620
Sq Ft
$481/mo
HOA Fee
Highlights
- Community Garden
- Eat-In Kitchen
- 1-Story Property
- Elevator
- Living Room
- 4-minute walk to Washburn Fair Oaks Park
About This Home
As of August 2023Move-in ready second floor unit close to stairs and elevator. True loft feel with concrete floors, exposed steel beams and ductwork, and 14-foot ceiling. Huge windows allow tons of natural light, multiple closets add storage. Maple cabinets, stainless appliances. granite tops in kitchen. Private washer and dryer on site. Building built in 1950; updated and converted to lofts in 2004. Great location and walking distance to Eat Street, Loring Park and more! Short ride to downtown Minneapolis and all its amenities!
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $1,991
Year Built
- Built in 1950
Lot Details
- 1.73
HOA Fees
- $481 Monthly HOA Fees
Interior Spaces
- 620 Sq Ft Home
- 1-Story Property
- Living Room
Kitchen
- Eat-In Kitchen
- Range
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- 1 Bedroom
- 1 Full Bathroom
Laundry
- Dryer
- Washer
Utilities
- Forced Air Heating and Cooling System
Listing and Financial Details
- Assessor Parcel Number 3402924120130
Community Details
Overview
- Association fees include maintenance structure, controlled access, gas, hazard insurance, lawn care, ground maintenance, professional mgmt, trash, 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
Jun 1, 2023
Closed on
Aug 27, 2023
Sold by
Patterson Stephen and Patterson Thomas
Bought by
Sorenson Alec
Seller's Agent
Chad Carpenter
Elcor Realty of Rochester Inc.
Buyer's Agent
Jonathan Sells
Edina Realty, Inc.
List Price
$169,900
Sold Price
$164,900
Premium/Discount to List
-$5,000
-2.94%
Total Days on Market
42
Views
55
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
-$9,207
Avg. Annual Appreciation
-3.21%
Original Mortgage
$155,006
Outstanding Balance
$152,353
Interest Rate
6.78%
Mortgage Type
New Conventional
Estimated Equity
$3,340
Purchase Details
Listed on
Jun 1, 2023
Closed on
Aug 25, 2023
Sold by
Patterson Thomas and Patterson Kelly
Bought by
Sorenson Alec
Seller's Agent
Chad Carpenter
Elcor Realty of Rochester Inc.
Buyer's Agent
Jonathan Sells
Edina Realty, Inc.
List Price
$169,900
Sold Price
$164,900
Premium/Discount to List
-$5,000
-2.94%
Views
55
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,006
Outstanding Balance
$152,353
Interest Rate
6.78%
Mortgage Type
New Conventional
Estimated Equity
$3,340
Purchase Details
Closed on
Aug 3, 2017
Sold by
Perzichilli Micah and Perzichilli Bailey
Bought by
Patterson Thomas and Patterson Kelly
Purchase Details
Closed on
May 14, 2014
Sold by
Schrader Nicholas T and Manecalchi Nicolette
Bought by
Perzichilli Micah
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$6,600
Interest Rate
4.34%
Mortgage Type
Unknown
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 |
|---|---|---|---|
| Sorenson Alec | $164,900 | None Listed On Document | |
| Sorenson Alec | $164,900 | -- | |
| Patterson Thomas | $164,000 | Liberty Title Inc | |
| Perzichilli Micah | $133,000 | The Title Group Inc |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Sorenson Alec | $155,006 | |
| Closed | Sorenson Alec | $155,006 | |
| Previous Owner | Perzichilli Micah | $6,600 | |
| Previous Owner | Perzichilli Micah | $119,700 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/28/2023 08/28/23 | Sold | $164,900 | -2.9% | $266 / Sq Ft |
| 07/14/2023 07/14/23 | Pending | -- | -- | -- |
| 06/02/2023 06/02/23 | For Sale | $169,900 | -- | $274 / 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 | $1,876 | $164,000 | $7,000 | $157,000 |
| 2022 | $1,991 | $164,000 | $7,000 | $157,000 |
| 2021 | $1,819 | $164,000 | $5,000 | $159,000 |
| 2020 | $1,857 | $156,500 | $8,900 | $147,600 |
| 2019 | $1,781 | $149,000 | $8,900 | $140,100 |
| 2018 | $1,639 | $140,500 | $8,900 | $131,600 |
| 2017 | $1,886 | $122,500 | $8,900 | $113,600 |
| 2016 | $1,900 | $119,500 | $8,900 | $110,600 |
| 2015 | $1,995 | $119,500 | $8,900 | $110,600 |
| 2014 | -- | $101,500 | $8,900 | $92,600 |
Source: Public Records
Agents Affiliated with this Home
-
Chad Carpenter
Seller's Agent in 2023
Chad Carpenter
Elcor Realty of Rochester Inc.
(507) 259-6250
1 in this area
84 Total Sales
-
Jonathan Sells
Buyer's Agent in 2023
Jonathan Sells
Edina Realty, Inc.
(612) 327-6240
2 in this area
260 Total Sales
About Franklin Lofts
Map
Source: NorthstarMLS
MLS Number: 6378344
APN: 34-029-24-12-0130
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