1240 S 2nd St Unit 501 Minneapolis, MN 55415
Downtown East NeighborhoodEstimated Value: $606,000 - $914,000
2
Beds
2
Baths
1,909
Sq Ft
$1,085/mo
HOA Fee
Highlights
- Sauna
- 2 Car Attached Garage
- 1-Story Property
- Elevator
- Living Room
- Forced Air Heating and Cooling System
About This Home
As of May 2023Welcome to Legacy 501. Luxurious and elegant finishes abound throughout this thoughtfully appointed two bedroom, two bathroom home. Some of the many recent updates include kitchen counter tops, appliances, both bathrooms, light fixtures. This unique floor plan, accentuated by walls of windows, enjoys Eastern, Southern, and Southwestern sun exposure. Legacy is known for its world-class amenities including outdoor pool, hot tub, weight room, cardio room, yoga room, pet area, pet spa, game room, golf simulator, lawn bowling, play ground, common patio, front desk staffing, and more. Ideal Mill District location near the Mississippi Riverfront, Gold Medal Park, The Guthrie Theater, river trails, restaurants, and the Stone Arch bridge.
Last Buyer's Agent
James Garry
Redfin Corporation
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $10,361
Year Built
- Built in 2018
Lot Details
- 4.27
HOA Fees
- $1,085 Monthly HOA Fees
Parking
- 2 Car Attached Garage
- Heated Garage
- Parking Garage Space
Interior Spaces
- 1,909 Sq Ft Home
- 1-Story Property
- Living Room
- Sauna
Bedrooms and Bathrooms
- 2 Bedrooms
Home Security
Utilities
- Forced Air Heating and Cooling System
- Baseboard Heating
Listing and Financial Details
- Assessor Parcel Number 2602924110715
Community Details
Overview
- Association fees include air conditioning, maintenance structure, cable TV, hazard insurance, heating, internet, ground maintenance, parking, professional mgmt, trash, shared amenities, snow removal, water
- First Service Association, Phone Number (952) 277-2700
- High-Rise Condominium
- Cic 2057 Legacy Lofts A Condo Subdivision
- Car Wash Area
Additional Features
- Elevator
- Fire Sprinkler System
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 2, 2023
Closed on
May 1, 2023
Sold by
Arafat Shah Muhammad S
Bought by
Carlson Steve P and Carlson Anna M
Seller's Agent
Brady Kroll
Edina Realty, Inc.
Buyer's Agent
James Garry
Redfin Corporation
List Price
$725,000
Sold Price
$705,000
Premium/Discount to List
-$20,000
-2.76%
Total Days on Market
26
Views
2
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
$32,996
Avg. Annual Appreciation
2.17%
Original Mortgage
$564,000
Outstanding Balance
$551,127
Interest Rate
6.32%
Mortgage Type
New Conventional
Estimated Equity
$186,869
Purchase Details
Closed on
Jul 29, 2021
Sold by
Randle Darrell W and Randle Cindy L
Bought by
Arafat Shah Muhammad S
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$66,000
Interest Rate
2.9%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
Jun 5, 2019
Sold by
Riverdale Ventures Legacy Llc
Bought by
Randle Darrell W and Randle Cindy L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$559,920
Interest Rate
3.37%
Mortgage Type
Adjustable Rate Mortgage/ARM
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 |
|---|---|---|---|
| Carlson Steve P | $705,000 | Edina Realty Title | |
| Arafat Shah Muhammad S | $660,000 | Titlenexus Llc | |
| Randle Darrell W | $699,900 | None Available | |
| Arafat Shah Muhammad Shah Muhammad | $660,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Carlson Steve P | $564,000 | |
| Previous Owner | Arafat Shah Muhammad S | $66,000 | |
| Previous Owner | Arafat Shah Muhammad S | $528,000 | |
| Previous Owner | Randle Darrell W | $559,920 | |
| Closed | Arafat Shah Muhammad Shah Muhammad | $660,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/03/2023 05/03/23 | Sold | $705,000 | -2.8% | $369 / Sq Ft |
| 03/28/2023 03/28/23 | Pending | -- | -- | -- |
| 03/02/2023 03/02/23 | For Sale | $725,000 | -- | $380 / 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 | $8,638 | $632,000 | $56,000 | $576,000 |
| 2022 | $10,361 | $688,000 | $53,000 | $635,000 |
| 2021 | $9,334 | $702,000 | $44,000 | $658,000 |
| 2020 | $2,718 | $662,000 | $43,700 | $618,300 |
| 2019 | $3,235 | $187,500 | $29,000 | $158,500 |
| 2018 | -- | $178,241 | $28,814 | $149,427 |
Source: Public Records
Agents Affiliated with this Home
-
Brady Kroll
Seller's Agent in 2023
Brady Kroll
Edina Realty, Inc.
(612) 770-7230
4 in this area
102 Total Sales
-
J
Buyer's Agent in 2023
James Garry
Redfin Corporation
(952) 994-1912
Map
Source: NorthstarMLS
MLS Number: 6335118
APN: 26-029-24-11-0715
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