NOT LISTED FOR SALE

1240 S 2nd St Unit 106 Minneapolis, MN 55415

Downtown East Neighborhood

Estimated Value: $427,000 - $537,000

2 Beds
2 Baths
1,125 Sq Ft
$411/Sq Ft Est. Value

About This Home

Not your average rental! This bright and sunny 2BR/2BA above-ground level condo at The Legacy has it all- great views, one level location to 2 heated parking spaces & storage unit, and many custom upgrades, including: 11 foot ceiling’s, hardwood floors, granite countertops, stainless steel appliances, custom lighting, closet organizers in both bedrooms, automatic shades, and so much more! Amenities at The Legacy are unmatched in the Minneapolis condo market.

Included with rent: 2 indoor heated premium parking stalls (3rd available for additional monthly fee if needed), climate controlled storage unit, basic cable & internet, gas, water/sewer/trash.
Included with rent: 2 indoor heated premium parking stalls (3rd available for additional monthly fee if needed), climate controlled storage unit, basic cable & internet, gas, water/sewer/trash.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 10, 2022
Closed on
Jul 25, 2022
Sold by
Sharon T Fong Revocable Trust
Bought by
Legacy 106 Llc
Seller's Agent
Svetlana Dahlgren
Prudden & Company
Sold Price
$2,875
Current Estimated Value
$461,991

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$459,116

Purchase Details

Closed on
Apr 29, 2021
Sold by
Fong Sharon T and Legacy 106 Llc
Bought by
Fong Sharon T and Sharon T Fong Revocable Trust

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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Average Value
Not Available
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
Legacy 106 Llc $3,000 --
Fong Sharon T -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/29/2022 08/29/22 Rented $2,875 -4.0% --
08/10/2022 08/10/22 Under Contract -- -- --
08/10/2022 08/10/22 For Rent $2,995 +7.0% --
10/26/2018 10/26/18 Rented $2,800 -6.7% --
09/13/2018 09/13/18 For Rent $3,000 -- --

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 $5,121 $388,000 $31,000 $357,000
2022 $4,989 $353,000 $29,000 $324,000
2021 $4,541 $360,000 $24,000 $336,000
2020 $4,827 $339,500 $23,800 $315,700
2019 $1,454 $333,000 $16,000 $317,000
2018 -- $97,221 $15,716 $81,505
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2022

    Svetlana Dahlgren

    Prudden & Company

    (612) 799-0932

    4 in this area

    37 Total Sales

    Svetlana Dahlgren
    Section Image
  • Brooks Borrell

    Seller's Agent in 2018

    Brooks Borrell

    Compass

    (612) 414-8207

    9 in this area

    44 Total Sales

    Brooks Borrell
    Section Image
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Map

Minnesota Hennepin County Minneapolis 55415 Downtown East

1240 S 2nd St Unit 106, Minneapolis, MN

Homes for Sale in Minneapolis, MN

This home is located at 1240 S 2nd St Unit 106, Minneapolis, MN 55415 and is currently estimated at $461,991, approximately $410 per square foot. 1240 S 2nd St Unit 106 is a home located in Hennepin County with nearby schools including Webster Elementary, Northeast Middle School, and Thomas Edison High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.