NOT LISTED FOR SALE

1240 S 2nd St Unit 727 Minneapolis, MN 55415

Downtown East Neighborhood

Estimated Value: $462,000 - $486,389

2 Beds
2 Baths
1,189 Sq Ft
$399/Sq Ft Est. Value

About This Home

This home is located at 1240 S 2nd St Unit 727, Minneapolis, MN 55415 and is currently estimated at $474,347, approximately $398 per square foot. 1240 S 2nd St Unit 727 is a home located in Hennepin County with nearby schools including Webster Elementary, Northeast Middle School, and Thomas Edison High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 3, 2022
Sold by
Rhodes Zachary and Rhodes Kendra
Bought by
Broten Myron and Broten Hiedy
Current Estimated Value
$468,115

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$249,000
Outstanding Balance
$238,300
Interest Rate
5.11%
Mortgage Type
New Conventional
Estimated Equity
$223,452

Purchase Details

Closed on
May 31, 2022
Sold by
Rhodes and Kendra
Bought by
Broten Myron R and Broten Hiedy F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$249,000
Outstanding Balance
$238,300
Interest Rate
5.11%
Mortgage Type
New Conventional
Estimated Equity
$223,452

Purchase Details

Closed on
Mar 14, 2019
Sold by
Riverdale Ventures Legacy Llc
Bought by
Rhodes Kendra and Rhodes Zachary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$329,958
Interest Rate
4.4%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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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
Broten Myron $415,000 --
Broten Myron R $415,000 Dca Title
Rhodes Kendra $412,448 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Broten Myron $249,000
Closed Broten Myron R $249,000
Previous Owner Rhodes Kendra $330,000
Previous Owner Rhodes Kendra $329,958
Source: Public Records

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 $5,534 $424,000 $36,000 $388,000
2022 $5,445 $385,000 $34,000 $351,000
2021 $4,938 $393,000 $28,000 $365,000
2020 $1,415 $371,000 $27,800 $343,200
2019 $2,059 $119,500 $18,500 $101,000
2018 -- $113,426 $18,336 $95,090
Source: Public Records

Map

Minnesota Hennepin County Minneapolis 55415 Downtown East

1240 S 2nd St Unit 727, Minneapolis, MN

This home is located at 1240 S 2nd St Unit 727, Minneapolis, MN 55415 and is currently estimated at $474,347, approximately $398 per square foot. 1240 S 2nd St Unit 727 is a home located in Hennepin County with nearby schools including Webster Elementary, Northeast Middle School, and Thomas Edison High School.

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