NOT LISTED FOR SALE

1405 E 40th St Unit 1F Minneapolis, MN 55407

Bancroft Neighborhood

Estimated Value: $121,000 - $125,000

2 Beds
1 Bath
789 Sq Ft
$495/mo HOA Fee

Last Sold February 13, 2025

Last sale price $118,105 $150 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $1,255/month

29 Days on Market

Highlights

  • Outdoor Pool
  • No Interior Steps
  • Dining Room
  • Eat-In Kitchen
  • Guest Parking
  • 4-minute walk to Bancroft Meadows

About This Home

As of February 2025

Explore urban living at Bush Terrace Condominiums!! Nestled in Minneapolis Bancroft neighborhood, this 2 bed, 1 bath condo offers updated floors, modern kitchen amenities, first level, and patio access. Enjoy proximity to Lake Nokomis, Minnehaha Parkway, and local hotspot restaurants. Embrace the city life with easy access to shops, light rail, and freeways.

Last Agent to Sell the Property

Danny Truong

eXp Realty Brokerage Phone: 6124122227 Listed on: 12/19/2024

eXp Realty

Last Buyer's Agent

Raleigh Golden

Scates Real Estate, LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,915

Year Built

  • Built in 1965

Lot Details

  • 3.66

HOA Fees

  • $495 Monthly HOA Fees

Interior Spaces

  • 789 Sq Ft Home
  • 2-Story Property
  • Dining Room

Kitchen

  • Eat-In Kitchen
  • Range
  • Microwave

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Parking

  • Guest Parking
  • Open Parking
  • Parking Lot
  • Parking Fee

Accessible Home Design

  • No Interior Steps

Pool

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Vented Exhaust Fan
  • Baseboard Heating
  • Hot Water Heating System

Listing and Financial Details

  • Assessor Parcel Number 1102824130254

Community Details

Overview

  • Association fees include building exterior, hazard insurance, heating, lawn care, ground maintenance, parking, professional mgmt, sanitation, shared amenities, snow removal
  • Associa Association, Phone Number (763) 225-6400
  • Low-Rise Condominium
  • Condo 0221 Bush Terrace Condo Subdivision

Amenities

  • Coin Laundry

Recreation

  • Outdoor Pool

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,915

Year Built

Built in 1965

Lot Details

0

HOA Fees

$495 per month

Listing Details

  • Type: Residential
  • Property Subtype 1: Low Rise
  • Cooling System: Wall Unit(s)
  • Accessibility Features: No Stairs Internal
  • Water Source: City Water/Connected
  • Association Amenities: Coin-op Laundry Leased
  • Fee Frequency: Monthly
  • Year Built: 1965
  • Above Grade Finished Sq Ft: 789
  • Unit Levels: More Than 2 Stories
  • New Construction: No
  • FractionalOwnershipYN: No
  • Attribution Contact: 6124122227
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Basement: None
  • Appliances: Exhaust Fan, Microwave, Range, Refrigerator
  • Living Area: 789
  • Fireplace: No
  • Basement YN: No

Beds/Baths

  • Full Bathrooms: 1
  • Total Bedrooms: 2

Exterior Features

  • PoolFeatures: Outdoor
  • Neighborhood: 3

Garage/Parking

  • Parking Features: Guest Parking, Parking Lot, More Parking Onsite for Fee, Open

Utilities

  • Heating: Baseboard, Hot Water
  • Sewer: City Sewer/Connected
  • LaundryFeatures: Common Area
  • Fuel: Natural Gas

Condo/Co-op/Association

  • HOA Fee Includes: Building Exterior, Hazard Insurance, Heating, Lawn Care, Maintenance Grounds, Parking, Professional Mgmt, Sanitation, Shared Amenities, Snow Removal
  • Phone: 7632256400
  • Association Fee: 495
  • Association: Yes
  • Amenities Unit: Patio

Association/Amenities

  • HOA Management Co: Associa

Schools

  • Junior High Dist: Minneapolis
  • SchoolDistrictPhone: 6126680000

Lot Info

  • PropertyAttachedYN: Yes
  • Lot Size: 267x593x267x593
  • Land Lease: No
  • Lot Features: Public Transit (w/in 6 blks)
  • Additional Parcels: No
  • Zoning Description: Residential-Multi-Family
  • AssessmentPending: Unknown
  • Yearly/Seasonal: Yearly

Tax Info

  • Tax Year: 2024
  • Assessor Parcel Number: 1102824130254
  • Tax Annual Amount: 1915
  • TaxWithAssessments: 1915

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 19, 2024
Closed on
Feb 13, 2025
Sold by
Quiroga Yohanes
Bought by
Fraedrich Theodore John
Seller's Agent
Danny Truong
eXp Realty
Buyer's Agent
Raleigh Golden
Scates Real Estate, LLC
List Price
$125,000
Sold Price
$118,105
Premium/Discount to List
-$6,895
-5.52%
Views
74
Current Estimated Value
$123,228

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,123
Avg. Annual Appreciation
4.29%

Purchase Details

Closed on
Nov 14, 2018
Sold by
Escorcia Properties Llc
Bought by
Quiroga Yohanes

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,153
Interest Rate
4.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 18, 2016
Sold by
Word Bridget Powers and Word Brett
Bought by
Escoria Properties Llc

Purchase Details

Closed on
May 21, 2010
Sold by
Bush Terrace Homeowners Assoc
Bought by
Powers Bridget M

Purchase Details

Closed on
Jun 27, 1996
Sold by
Peterson Gerald Robert
Bought by
Born Adeline C
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Fraedrich Theodore John $118,105 Global Closing Title
Quiroga Yohanes $124,900 Title Smart Inc
Escoria Properties Llc $90,000 Dca Title
Powers Bridget M $80,000 --
Born Adeline C $35,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Quiroga Yohanes $121,153
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/13/2025 02/13/25 Sold $118,105 +2.7% $150 / Sq Ft
01/17/2025 01/17/25 Pending -- -- --
01/10/2025 01/10/25 Price Changed $115,000 -4.2% $146 / Sq Ft
01/03/2025 01/03/25 Price Changed $120,000 -4.0% $152 / Sq Ft
12/19/2024 12/19/24 For Sale $125,000 -- $158 / Sq Ft
Source: NorthstarMLS

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 $1,444 $129,000 $12,000 $117,000
2023 $1,915 $167,000 $12,000 $155,000
2022 $1,767 $149,000 $10,000 $139,000
2021 $1,531 $149,000 $8,700 $140,300
2020 $1,114 $136,500 $8,700 $127,800
2019 $1,262 $101,500 $8,700 $92,800
2018 $1,187 $84,500 $8,700 $75,800
2017 $1,139 $74,000 $8,700 $65,300
2016 $1,136 $71,500 $8,700 $62,800
2015 $1,049 $63,000 $8,700 $54,300
2014 -- $55,500 $8,700 $46,800
Source: Public Records

Agents Affiliated with this Home

  • Danny Truong

    Seller's Agent in 2025

    Danny Truong

    eXp Realty

    (612) 412-2227

    1 in this area

    124 Total Sales

    Danny Truong
    Section Image

  • R

    Buyer's Agent in 2025

    Raleigh Golden

    Scates Real Estate, LLC

    (612) 877-2100

    1 in this area

    31 Total Sales

    Raleigh Golden
    Section Image
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Map

Source: NorthstarMLS

MLS Number: 6638871

NorthstarMLS

APN: 11-028-24-13-0254

Minnesota Hennepin County Minneapolis 55407 Bancroft

1405 E 40th St Unit 1F, Minneapolis, MN

Not Listed for Sale

Condos

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