NOT LISTED FOR SALE

1401 Summit Ave Unit 1401 Minneapolis, MN 55403

Lowry Hill Neighborhood

Estimated Value: $558,000 - $889,000

3 Beds
2.5 Baths
3,115 Sq Ft
$231/Sq Ft Est. Value

Last Sold September 06, 2022

Last sale price $550,000 $177 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $5,603/month

185 Days on Market

Highlights

  • Corner Lot
  • The kitchen features windows
  • Walk-In Closet
  • Community Garden
  • 2 Car Attached Garage
  • Central Air

About This Home

As of September 2022

Historic Mansion converted to urban living at its finest! Enjoy all that Lowry Hill location offers including walking distance to the lakes, shopping, restaurants and Kenwood Park. Original home designed by William Kenyon and John Bradstreet. Has been professionally converted to 3 unique units with Assoc. Stunning interior design, perfect for the art enthusiast or collector! Beautiful great room includes barrel vault ceiling with skylights, fireplace, and bright natural lighting. Adjacent dining room offers built-in buffet and bar area. Kitchen includes new cabinetry, Granite c.tops, SS appl, pantry, center island and sliding glass door walkout to private deck! Gallery style staircase leads to 3 bedrooms & 2 bath. Studio space attached to owner's closet, perfect for yoga, art or nursery. Two parking spaces in the attached garage. Gorgeous fenced yard and peaceful gardens to enjoy, plant, grow and contribute if you wish. See supplements for the Historical Story of this lovely mansion.

Last Agent to Sell the Property

Sheryl Petrashek

RE/MAX Results Listed on: 01/19/2022

RE/MAX Results

Last Buyer's Agent

NON-RMLS NON-RMLS

Non-MLS

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $9,324

Year Built

  • Built in 1909

Lot Details

  • 0.43 Acre Lot
  • Lot Dimensions are 135 x 80
  • Property is Fully Fenced
  • Wood Fence

HOA Fees

  • $900 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Heated Garage
  • Garage Door Opener
  • Assigned Parking

Home Design

  • Studio
  • Pitched Roof
  • Tile Roof

Interior Spaces

  • 3,115 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace

Kitchen

  • Cooktop
  • Microwave
  • Dishwasher
  • The kitchen features windows

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Shared Basement
  • Basement Storage

Home Security

Utilities

  • Central Air
  • Boiler Heating System

Listing and Financial Details

  • Assessor Parcel Number 2802924430251

Community Details

Overview

  • Association fees include maintenance structure, hazard insurance, heating, lawn care, ground maintenance, parking, trash, shared amenities, snow removal, water
  • Lowry Gardens Condo Association, Phone Number (612) 701-9283
  • Condo 0687 Lowry Gardens A Con Subdivision

Additional Features

  • Community Garden
  • Fire Sprinkler System

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$9,324

Year Built

Built in 1909

Lot Details

0

HOA Fees

$900 per month

Parking

2

Listing Details

  • Type: Residential
  • Property Subtype 1: Townhouse Side x Side
  • Cooling System: Central Air
  • Garage Spaces: 2
  • Accessibility Features: None
  • Fireplaces: 1
  • Water Source: City Water/Connected
  • Association Amenities: Common Garden, Fire Sprinkler System, In-Ground Sprinkler System
  • Fee Frequency: Monthly
  • Year Built: 1909
  • Above Grade Finished Sq Ft: 3115
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: VirtualTour
  • Property Sub Type: Townhouses

Interior Features

  • Basement: Full, Other, Shared Access, Storage Space, Unfinished
  • Appliances: Cooktop, Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
  • Fireplace Features: Gas, Living Room
  • Living Area: 3115
  • Fireplace: Yes
  • Basement YN: Yes
  • Dining Room Type: Living Room, Dining Room, Kitchen, Bedroom 1, Bedroom 2, Bedroom 3, Studio, Walk In Closet

Beds/Baths

  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Three Quarter Bathrooms: 1

Exterior Features

  • Roof: Age Over 8 Years, Other, Pitched, Tile
  • PoolFeatures: None
  • Fencing: Full, Wood
  • Neighborhood: Lowry Hill

Garage/Parking

  • Parking Features: Assigned, Attached Garage, Driveway - Other Surface, Garage Door Opener, Heated Garage
  • Garage Square Feet: 440

Utilities

  • Heating: Boiler, Fireplace(s)
  • Sewer: City Sewer/Connected
  • Fuel: Natural Gas

Condo/Co-op/Association

  • HOA Fee Includes: Maintenance Structure, Hazard Insurance, Heating, Lawn Care, Maintenance Grounds, Parking, Trash, Shared Amenities, Snow Removal, Water
  • Phone: 612-701-9283
  • Association Fee: 900
  • Association: Yes
  • Amenities Unit: Balcony,Ceiling Fan(s),French Doors,Hardwood Floors,Intercom System,Kitchen Center Island,Kitchen Window,Primary Bedroom Walk-In Closet,Natural Woodwork,Skylight,Tile Floors,Vaulted Ceiling(s),Washer/Dryer Hookup

Association/Amenities

  • HOA Management Co: Lowry Gardens Condo Association

Schools

  • Junior High Dist: Minneapolis
  • SchoolDistrictNumber: 1
  • SchoolDistrictPhone: 612-668-0000

Lot Info

  • PropertyAttachedYN: Yes
  • Lot Size: 135 X 80
  • Lot Size Sq Ft: 18905.04
  • Land Lease: No
  • Lot Features: Public Transit (w/in 6 blks), Corner Lot, Many Trees
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Brick/Stone, Stucco

Tax Info

  • Tax Year: 2022
  • Assessor Parcel Number: 2802924430251
  • Tax Annual Amount: 9324
  • TaxWithAssessments: 9324.0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 19, 2022
Closed on
Aug 17, 2022
Sold by
Geyerman Richard R
Bought by
Seiler Scott and Seiler Alexis
Seller's Agent
Sheryl Petrashek
RE/MAX Results
Buyer's Agent
NON-RMLS NON-RMLS
Non-MLS
List Price
$575,000
Sold Price
$550,000
Premium/Discount to List
-$25,000
-4.35%
Current Estimated Value
$719,152

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$169,152
Avg. Annual Appreciation
9.68%
Original Mortgage
$412,500
Interest Rate
6.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 26, 2001
Sold by
Alexander John A and Alexander Elizabeth K
Bought by
Geyerman Richard R

Purchase Details

Closed on
Oct 15, 1999
Sold by
Swirnoff Michael A and Swirnoff Sandra G
Bought by
Alexander John A and Alexander Elizabeth K
Source: Public Records

Range of Values:

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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
Seiler Scott $550,000 --
Geyerman Richard R $575,000 --
Alexander John A $540,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Seiler Scott $412,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/06/2022 09/06/22 Sold $550,000 -2.1% $177 / Sq Ft
07/23/2022 07/23/22 Pending -- -- --
06/03/2022 06/03/22 Price Changed $562,000 -2.3% $180 / Sq Ft
06/02/2022 06/02/22 For Sale $575,000 0.0% $185 / Sq Ft
05/20/2022 05/20/22 Pending -- -- --
03/11/2022 03/11/22 Price Changed $575,000 -3.4% $185 / Sq Ft
01/19/2022 01/19/22 For Sale $595,000 -- $191 / Sq Ft
Source: NorthstarMLS

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 $9,180 $667,000 $155,000 $512,000
2022 $9,324 $660,000 $155,000 $505,000
2021 $9,002 $641,000 $155,000 $486,000
2020 $9,746 $641,000 $170,600 $470,400
2019 $8,784 $641,000 $170,600 $470,400
2018 $8,156 $572,500 $170,600 $401,900
2017 $7,489 $486,500 $155,100 $331,400
2016 $8,019 $504,000 $155,100 $348,900
2015 $7,995 $480,000 $155,100 $324,900
2014 -- $480,000 $143,200 $336,800
Source: Public Records

Agents Affiliated with this Home

  • Sheryl Petrashek

    Seller's Agent in 2022

    Sheryl Petrashek

    RE/MAX Results

    (612) 889-6496

    1 in this area

    246 Total Sales

    Section Image

  • N

    Buyer's Agent in 2022

    NON-RMLS NON-RMLS

    Non-MLS

See All Agents

Map

Source: NorthstarMLS

MLS Number: 6143598

NorthstarMLS

APN: 28-029-24-43-0251

Minnesota Hennepin County Minneapolis 55403 Lowry Hill

1401 Summit Ave Unit 1401, Minneapolis, MN

This home is located at 1401 Summit Ave Unit 1401, Minneapolis, MN 55403 since 19 January 2022 and is currently estimated at $720,821, approximately $231 per square foot. This property was built in 1909. 1401 Summit Ave Unit 1401 is a home located in Hennepin County with nearby schools including Kenwood Elementary School, Anwatin Middle School, and North Community High School.

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