1405 E 40th St Unit 1F Minneapolis, MN 55407
Bancroft Neighborhood
2
Beds
1
Bath
789
Sq Ft
$495/mo
HOA Fee
Highlights
- 159,517 Sq Ft lot
- Guest Parking
- Coin Laundry
- Living Room
- Baseboard Heating
- 4-minute walk to Bancroft Meadows
About This Home
As of February 2025Explore 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.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $1,915
Year Built
- Built in 1965
HOA Fees
- $495 Monthly HOA Fees
Interior Spaces
- 789 Sq Ft Home
- 2-Story Property
- Living Room
Kitchen
- Range
- Microwave
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Full Bathroom
Parking
- Guest Parking
- Parking Fee
Utilities
- Baseboard Heating
- Hot Water Heating System
Listing and Financial Details
- Assessor Parcel Number 1102824130254
Community Details
Overview
- Association fees include maintenance structure, hazard insurance, heating, lawn care, ground maintenance, parking, professional mgmt, trash, shared amenities, snow removal
- Associa Association, Phone Number (763) 225-6400
- Low-Rise Condominium
- Condo 0221 Bush Terrace Condo Subdivision
Amenities
- Coin Laundry
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
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$14,113
Avg. Annual Appreciation
29.59%
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
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,937
Interest Rate
4.87%
Mortgage Type
FHA
Purchase Details
Closed on
Jun 27, 1996
Sold by
Peterson Gerald Robert
Bought by
Born Adeline C
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $118,105 | Global Closing Title | |
| Warranty Deed | $124,900 | Title Smart Inc | |
| Warranty Deed | $90,000 | Dca Title | |
| Warranty Deed | $80,000 | -- | |
| Warranty Deed | $35,900 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $121,153 | New Conventional | |
| Previous Owner | $3,000 | Unknown | |
| Previous Owner | $78,937 | FHA |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 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 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 | $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
115 Total Sales
-
Parker Pemberton
Seller Co-Listing Agent in 2025
Parker Pemberton
eXp Realty
(952) 254-4348
1 in this area
1,135 Total Sales
-
Raleigh Golden
R
Buyer's Agent in 2025
Raleigh Golden
Scates Real Estate, LLC
(612) 877-2100
1 in this area
25 Total Sales
Map
Source: NorthstarMLS
MLS Number: 6638871
APN: 11-028-24-13-0254
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