NOT LISTED FOR SALE

1240 S 2nd St Unit 1427 Minneapolis, MN 55415

Downtown East Neighborhood

Estimated Value: $749,000 - $948,154

3 Beds
3 Baths
2,028 Sq Ft
$405/Sq Ft Est. Value

About This Home

Legacy 3BR, 3BA penthouse with 2 parkings stalls and incredible riverfront and downtown skyline views. Tons of upgrades throughout the unit: stone countertops, custom closet organizers, walls of windows with roller shades, custom built-in cabinetry in the front hallway and bar with wine fridge, custon gas fireplace, upgraded lighting package, and so much more! Legacy residents enjoy 24/7 front desk staff, huge community room and patio, cardio center, seperate weight room, outdoor pool & jacuzzi, playground, game room, and guest parking; all located steps from Gold Medal Park in the Mill District. Included with rent: 2 indoor heated parking stalls, 1 storage unit, basic cable & internet, gas, heat, A/C, water/sewer/trash. Tenant responsible for electricity. Application fee: $78. Admin Fee $150. Move-in Fee: $805.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 26, 2019
Sold by
Riverdale Ventures Legacy Llc
Bought by
Pierre Lemaire L
Current Estimated Value
$822,289

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$695,000
Interest Rate
3.5%
Mortgage Type
New Conventional
Source: Public Records

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
Pierre Lemaire L $993,079 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pierre Lemaire $706,000
Closed Pierre Lemaire $695,000
Closed Pierre Lemaire L $695,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/01/2024 05/01/24 Rented $4,500 -9.9% --
03/01/2024 03/01/24 For Rent $4,995 -- --

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 $12,233 $850,000 $60,000 $790,000
2022 $13,946 $895,000 $56,000 $839,000
2021 $12,586 $913,000 $46,400 $866,600
2020 $2,884 $861,000 $46,400 $814,600
2019 $3,431 $199,000 $31,000 $168,000
2018 -- $189,044 $30,560 $158,484
Source: Public Records

Agents Affiliated with this Home

  • Tim Carson

    Seller's Agent in 2024

    Tim Carson

    DRG

    (612) 978-7385

    1 Total Sale

    Tim Carson
    Section Image

  • P

    Seller Co-Listing Agent in 2024

    Patrick Carson

    DRG

    (612) 254-0149

    16 in this area

    168 Total Sales

    Patrick Carson
    Section Image
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Map

Minnesota Hennepin County Minneapolis 55415 Downtown East

1240 S 2nd St Unit 1427, Minneapolis, MN

This home is located at 1240 S 2nd St Unit 1427, Minneapolis, MN 55415 and is currently estimated at $822,289, approximately $405 per square foot. 1240 S 2nd St Unit 1427 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.

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