NOT LISTED FOR SALE

15 E Franklin Ave Unit 406 Minneapolis, MN 55404

Whittier Neighborhood

Estimated Value: $220,000 - $252,636

2 Beds
2 Baths
1,043 Sq Ft
$232/Sq Ft Est. Value

Last Sold April 08, 2021

Last sale price $272,000 $261 Per Sq Ft

Est. 11% decrease in value since last sale

Current estimated payment $1,930/month

6 Days on Market

Highlights

  • Building Security
  • Elevator
  • Kitchen Island
  • City View
  • Balcony
  • 4-minute walk to Stevens Square Park

About This Home

As of April 2021

This highly sought after top floor corner unit condo has gorgeous views of downtown. Wrapped in windows the sunny open spaces feature a grand kitchen with granite counter tops, stainless steel appliances and a center island. The dining area over looks the panorama of downtown and the large living area makes for plenty of room to entertain. Two bedrooms; 2 baths one full and one 3/4; plus an in unit laundry add to the appeal of this lovely condo. The master bedroom has a walk-in closet and full bath. You'll love the heated underground garage, each stall has a bike rack and there is a storage locker on this level for the home. The building also has a community room and exercise room for your use. See photos for more info. You're going to love 15 Franklin Ave.

Last Listed By

Barb Kampf

Edina Realty, Inc. Listed on: 02/25/2021

Edina Realty, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,852

Year Built

  • Built in 2006

Lot Details

  • 1.22 Acre Lot
  • Lot Dimensions are 263x235

HOA Fees

  • $389 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Heated Garage
  • Garage Door Opener

Home Design

  • Property Attached
  • Stone Siding

Interior Spaces

  • 1,043 Sq Ft Home
  • 1-Story Property
  • City Views
  • Fire Sprinkler System

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Kitchen Island

Bedrooms and Bathrooms

  • 2 Bedrooms

Laundry

  • Dryer
  • Washer

Additional Features

  • Balcony
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 3402924120216

Community Details

Overview

  • Association fees include building exterior, hazard insurance, lawn care, outside maintenance, professional mgmt, sanitation, security system, shared amenities, snow removal, water/sewer
  • First Services Residential Association
  • Cic 1567 Eat Street Flats Cond Subdivision
  • Rental Restrictions

Additional Features

  • Elevator
  • Building Security

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,852

Year Built

Built in 2006

Lot Details

0

HOA Fees

$389 per month

Parking

1

Listing Details

  • Type: Single Family
  • Property Subtype 1: (CC) High Rise (4+ Levels)
  • Cooling System: Central
  • Outside Features: Brick/Stone
  • Garage Spaces: 1.00
  • Accessibility Features: Elevator, No Stairs Internal
  • Water Source: City Water/Connected
  • Association Amenities: Elevator(s), Fire Sprinkler System, Security Building
  • Fuel Type: Natural Gas
  • Fee Frequency: Monthly
  • Year Built: 2006
  • Fractional Ownership Y N: No
  • Above Grade Finished Sq Ft: 1043.00
  • Above Grade Finished Area Search: 1043.00
  • Above Grade Finished Sq Ft: 1043.00
  • Association Management: First Services Residential
  • Management Company Phone: 952-277-2700
  • Below Grade Units: Square Feet
  • Carport Y N: No
  • Floor Plan Type: All Living Facilities on One Level, Main Floor Laundry
  • Foundation Area Units: Square Feet
  • Garage Area Units: Square Feet
  • Garage Stall Unit Description: 5
  • Internet Entire Listing Display: Yes
  • List A O R Key Numeric: 2848
  • Listing Organization: Regional MLS of Minnesota
  • Living Area Finished: 1043.00
  • Living Area Finished Units: Square Feet
  • Main Level Area: 1043.00
  • Main Level Area Units: Square Feet
  • Minneapolis Community Names: Powderhorn
  • Parcel Numbers: 3402924120216
  • Rental License: No
  • Restrictions Type: Mandatory Owners Assoc, Pets - Cats Allowed, Pets - Dogs Allowed, Pets - Number Limit, Pets - Weight/Height Limit, Rental Restrictions May Apply
  • Stories Type: One
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Shared Room: Community Room, Exercise Room
  • Basement: None
  • Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
  • Dining Room Features: Breakfast Bar, Kitchen/Dining Room
  • Bathroom Type: Full Master, Main Floor 3/4 Bath
  • Living Area: 1043.00
  • Fireplace: No
  • Stories: 1

Beds/Baths

  • Full Bathrooms: 1
  • Total Bathrooms: 2
  • Total Bedrooms: 2
  • Three Quarter Bathrooms: 1

Garage/Parking

  • Parking Features: Assigned, Garage Door Opener, Heated Garage, Underground Garage

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected

Condo/Co-op/Association

  • HOA Fee Includes: Building Exterior, Hazard Insurance, Lawn Care, Outside Maintenance, Professional Mgmt, Sanitation, Security System, Shared Amenities, Snow Removal, Water/Sewer
  • Association Fee: 389.00

Association/Amenities

  • Association Fee Yn: Yes
  • Property Amenities: Balcony, City View, Indoor Sprinklers, Kitchen Center Island, Main Floor Master Bedroom, Master Bedroom Walk-In Closet, Washer/Dryer Hookup

Schools

  • School District: 1 - Minneapolis
  • School District Phone: 612-668-0000

Lot Info

  • Zoning: Residential-Single Family
  • Construction: Previously Owned
  • Waterfront YN: No
  • PropertyAttachedYN: Yes
  • Assessment Pending: Unknown
  • Lot Size: 263x235
  • Homestead: No
  • LandLeaseAmountFrequency: No
  • Lot Size Acres: 1.2210
  • Lot Size Area Units: Square Feet

Building Info

  • New Development: No

Tax Info

  • TaxLegalDescription: CIC NO 1567 EAT STREET FLATS CONDO UNIT NO 406
  • Tax Amount: 3852.00
  • Tax Year: 2021
  • Tax With Assessments: 3852.00
  • Assessor Parcel Number: 3402924120216

Multi Family

  • Above Grade Finished Sq Ft: Square Feet

MLS Schools

  • School District Name: 1 - Minneapolis

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 25, 2021
Closed on
Mar 18, 2021
Sold by
Watkins Evan P and Watkins Ly P
Bought by
Farmer Douglas
Seller's Agent
Barb Kampf
Edina Realty, Inc.
Buyer's Agent
Jason Huerkamp
Keller Williams Preferred Rlty
List Price
$269,000
Sold Price
$272,000
Premium/Discount to List
$3,000
1.12%
Total Days on Market
6
Current Estimated Value
$241,659

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$30,341
Avg. Annual Appreciation
-2.85%
Original Mortgage
$100,000
Outstanding Balance
$21,175
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$220,484

Purchase Details

Listed on
Mar 25, 2014
Closed on
Apr 28, 2014
Sold by
Kayak Remodeling & Redevelopment Llc
Bought by
Watkins Evan P and Watkins Ly P
Seller's Agent
Terry Buchanan
Keller Williams Classic Realty
List Price
$199,900
Sold Price
$230,000
Premium/Discount to List
$30,100
15.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.44%
Original Mortgage
$184,000
Interest Rate
4.2%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 22, 2013
Closed on
Feb 20, 2014
Seller's Agent
Linda Wallin
Renters Warehouse
List Price
$235,000
Sold Price
$148,950
Premium/Discount to List
-$86,050
-36.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
884.22%
Original Mortgage
$111,713
Interest Rate
4.39%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 2, 2013
Sold by
Gmac Mortgage Llc
Bought by
The Secretary Of Housing & Urban Develop

Purchase Details

Closed on
Dec 26, 2012
Sold by
Steven Leddy
Bought by
Gmac Mortgage Llc

Purchase Details

Closed on
Jun 15, 2009
Sold by
Eat Street Flats Llc
Bought by
Leddy Steven

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$242,399
Interest Rate
4.94%
Mortgage Type
FHA

Range of Values:

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Average Value
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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
Farmer Douglas $272,000 Edina Realty Title Inc
Watkins Evan P $230,000 Liberty Title Inc
-- $149,000 --
Kayak Remodeling & Redevelopment Llc -- Liberty Title Inc
The Secretary Of Housing & Urban Develop -- None Available
Gmac Mortgage Llc $252,703 --
Gmac Mortgage Llc $252,703 None Available
Leddy Steven $264,700 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Farmer Douglas $100,000
Previous Owner Watkins Evan P $184,000
Previous Owner Kayak Remodeling & Redevelopment Llc $111,713
Previous Owner -- $148,950
Previous Owner Leddy Steven $242,399
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/08/2021 04/08/21 Sold $272,000 +1.1% $261 / Sq Ft
03/03/2021 03/03/21 Pending -- -- --
02/25/2021 02/25/21 For Sale $269,000 +17.0% $258 / Sq Ft
04/30/2014 04/30/14 Sold $230,000 +15.1% $221 / Sq Ft
04/17/2014 04/17/14 Pending -- -- --
03/25/2014 03/25/14 For Sale $199,900 +34.2% $192 / Sq Ft
02/20/2014 02/20/14 Sold $148,950 -36.6% $143 / Sq Ft
01/08/2014 01/08/14 Pending -- -- --
10/22/2013 10/22/13 For Sale $235,000 -- $225 / 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 $3,093 $237,000 $15,000 $222,000
2022 $3,673 $260,000 $15,000 $245,000
2021 $3,852 $265,000 $15,000 $250,000
2020 $4,051 $288,000 $11,600 $276,400
2019 $4,173 $279,500 $11,600 $267,900
2018 $3,921 $279,500 $11,600 $267,900
2017 $3,680 $239,000 $11,600 $227,400
2016 $3,801 $239,000 $11,600 $227,400
2015 $3,740 $224,000 $11,600 $212,400
2014 -- $211,500 $11,600 $199,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: NST5715707

NorthstarMLS

APN: 34-029-24-12-0216