Landlord's Agent in 2024
Kelli Johanson
Ideal Property Investments
(612) 290-6107
6 Total Sales
1240 S 2nd St Unit 1228 Minneapolis, MN 55415
Downtown East NeighborhoodEstimated Value: $905,000 - $1,172,483
3
Beds
2.5
Baths
2,903
Sq Ft
4.27
Acres
Highlights
- No HOA
- High-Rise Condominium
- 4-minute walk to Gold Medal Park
- Forced Air Heating and Cooling System
About This Home
As of February 2024Welcome to The Legacy! Nestled in the vibrant heart of downtown Minneapolis, this exquisite luxury condo offers a lifestyle of unparalleled sophistication and convenience. With stunning panoramic views of the cityscape, this meticulously designed residence combines modern elegance with urban living, creating the perfect oasis for those seeking the ultimate in comfort and style.
This is your chance to rent one of the largest floor plans in the building with all the high-end features you desire. Enjoy an array of top notch building amenities including a rooftop terrace, fitness center, weight room, pool, hot tub, sauna, game room, golf simulator and community room - perfect for hosting events! This sleek & stylish 3 bedroom condo is the epitome of city living!
Enjoy stunning views of the Mississippi River, Gold Medal Park, and the Stone Arch Bridge. You can enjoy the surrounding areas such as the Guthrie Theater, Mill City, US Bank Stadium as well as many restaurants and groceries.
Condo Details
Home Type
- Condominium
Est. Annual Taxes
- $19,181
Year Built
- Built in 2020
Lot Details
- 4.27
Parking
- 3 Car Garage
Interior Spaces
- 2,903 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 3 Bedrooms
Utilities
- Forced Air Heating and Cooling System
Community Details
- No Home Owners Association
- High-Rise Condominium
- Cic 2057 Legacy Lofts A Condo Subdivision
Listing and Financial Details
- Property Available on 11/1/23
- Tenant pays for gas
- The owner pays for trash collection
- Assessor Parcel Number 2602924110927
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Sep 30, 2020
Sold by
Riverdale Ventures Legacy Llc
Bought by
Reimer Peter and Reimer Marna
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$510,400
Outstanding Balance
$453,974
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$598,147
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 |
|---|---|---|---|
| Reimer Peter | $1,272,633 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Reimer Peter | $510,400 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/12/2024 02/12/24 | Rented | $5,500 | -8.3% | -- |
| 01/12/2024 01/12/24 | Price Changed | $5,999 | -7.7% | $2 / Sq Ft |
| 11/10/2023 11/10/23 | Price Changed | $6,499 | -7.1% | $2 / Sq Ft |
| 10/30/2023 10/30/23 | Price Changed | $6,999 | -6.7% | $2 / Sq Ft |
| 10/20/2023 10/20/23 | Price Changed | $7,499 | -6.3% | $3 / Sq Ft |
| 10/06/2023 10/06/23 | Price Changed | $7,999 | -5.9% | $3 / Sq Ft |
| 10/06/2023 10/06/23 | Price Changed | $8,499 | -3.4% | $3 / Sq Ft |
| 10/03/2023 10/03/23 | Price Changed | $8,799 | -2.2% | $3 / Sq Ft |
| 09/22/2023 09/22/23 | For Rent | $8,999 | -- | -- |
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 |
|---|---|---|---|---|
| 2024 | $19,181 | $1,144,000 | $85,000 | $1,059,000 |
| 2023 | $16,428 | $1,119,000 | $85,000 | $1,034,000 |
| 2022 | $18,651 | $1,166,000 | $80,000 | $1,086,000 |
| 2021 | $3,924 | $1,190,000 | $66,200 | $1,123,800 |
| 2020 | $4,116 | $298,000 | $66,200 | $231,800 |
| 2019 | $4,902 | $284,000 | $44,000 | $240,000 |
| 2018 | -- | $270,063 | $43,658 | $226,405 |
Source: Public Records
Agents Affiliated with this Home
-
Kelli Johanson
Map
Source: NorthstarMLS
MLS Number: 6437988
APN: 26-029-24-11-0927
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