$180,000
SOLD JAN 17, 2025

The Summit on 7 1502 5th St N Unit 401 Hopkins, MN 55305

2 Beds
2 Baths
1,105 Sq Ft
$562/mo HOA Fee

Recently Sold

$163 Per Sq Ft

8% Below List Price

121 Days on Market

Highlights

  • Elevator
  • Living Room
  • Forced Air Heating and Cooling System
  • Hopkins Senior High School Rated A-
  • 1-Story Property
  • Heated Garage

About This Home

As of January 2025

Welcome to Summit Condos in Hopkins! This bright corner unit is freshly painted with new carpetingthroughout, ensuring a move-in ready experience. The spacious primary bedroom features an ensuite fullbath for your convenience. Enjoy a kitchen with an island that offers seating for barstools, and Frenchdoors leading to a cozy bedroom den.Additional perks include in-unit laundry, a private balcony, and a separate storage unit. The building'samenities are top-notch: an elevator, fitness room, party room, and a heated underground parking space.Situated in a prime location, you'll find all your retail needs right at your doorstep—grocery stores,coffee shops, pharmacies, and more. Plus, it's just a short drive to downtown Hopkins and offers quickaccess to the Minnetonka Regional Trail for outdoor enthusiasts. Not to mention, the light rail will be agreat addition to the area when it's completed. This condo truly offers the best of convenience andcomfort!

Last Agent to Sell the Property

Jennifer Piller Quade

Keller Williams Realty Integrity Lakes Listed on: 09/04/2024

Keller Williams Realty Integrity Lakes

Last Buyer's Agent

Chris Buesgens

Compass

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,737

Year Built

  • Built in 2006

HOA Fees

  • $562 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Heated Garage

Interior Spaces

  • 1,105 Sq Ft Home
  • 1-Story Property
  • Living Room

Kitchen

  • Range
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Forced Air Heating and Cooling System
  • 100 Amp Service

Listing and Financial Details

  • Assessor Parcel Number 2411722220104

Community Details

Overview

  • Association fees include maintenance structure, cable TV, hazard insurance, internet, lawn care, ground maintenance, parking, professional mgmt, trash, security, shared amenities, snow removal
  • Westport Property Mangament Association, Phone Number (952) 465-3600
  • High-Rise Condominium
  • Cic 1422 The Summit Condos Subdivision

Amenities

  • Elevator

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,737

Year Built

Built in 2006

Lot Details

0

HOA Fees

$562 per month

Parking

1

Listing Details

  • Type: Residential
  • Property Subtype 1: High Rise
  • Cooling System: Central Air
  • Garage Spaces: 1
  • Accessibility Features: Accessible Elevator Installed
  • Water Source: City Water/Connected
  • Association Amenities: Elevator(s), Lobby Entrance
  • Fee Frequency: Monthly
  • Year Built: 2006
  • Above Grade Finished Sq Ft: 1105
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Basement: None
  • Appliances: Dishwasher, Dryer, Range, Refrigerator, Washer
  • Living Area: 1105
  • Fireplace: No
  • Basement YN: No
  • Dining Room Type: Living Room, Kitchen, Bedroom 1, Bedroom 2
  • Shared Rooms: Amusement/Party Room,Exercise Room

Beds/Baths

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

Garage/Parking

  • Parking Features: Heated Garage, Underground

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • Electric: 100 Amp Service
  • Fuel: Natural Gas

Condo/Co-op/Association

  • HOA Fee Includes: Maintenance Structure, Cable TV, Hazard Insurance, Internet, Lawn Care, Maintenance Grounds, Parking, Professional Mgmt, Trash, Security, Shared Amenities, Snow Removal
  • Phone: 952-465-3600
  • Association Fee: 562
  • Association: Yes
  • Amenities Unit: Balcony,French Doors,Kitchen Center Island

Association/Amenities

  • HOA Management Co: Westport Property Mangament

Schools

  • Junior High Dist: Hopkins
  • SchoolDistrictNumber: 270
  • SchoolDistrictPhone: 952-988-4000

Lot Info

  • PropertyAttachedYN: Yes
  • Lot Size: Common
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Brick/Stone

Tax Info

  • Tax Year: 2024
  • Assessor Parcel Number: 2411722220104
  • Tax Annual Amount: 2737
  • TaxWithAssessments: 2736.7600

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 4, 2024
Closed on
Jan 15, 2025
Sold by
Lundstrom Jennifer
Bought by
Bolnedi Srikanth
Seller's Agent
Jennifer Piller Quade
Keller Williams Realty Integrity Lakes
Buyer's Agent
Chris Buesgens
Compass
List Price
$195,000
Sold Price
$180,000
Premium/Discount to List
-$15,000
-7.69%
Total Days on Market
121
Views
94

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.04%

Purchase Details

Closed on
Jun 28, 2017
Sold by
Christman Robert
Bought by
Lundstrom Jennifer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,000
Interest Rate
3.95%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 13, 2016
Sold by
Niebuhr Jared D
Bought by
Christman Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,200
Interest Rate
3.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 15, 2011
Sold by
Dunlap C Cameron and Dunlap Helen D
Bought by
Niebuhr Jared D

Purchase Details

Closed on
Feb 1, 2010
Sold by
Federal Home Loan Mortgage Corporation
Bought by
B & B Home Buyers Llc

Purchase Details

Closed on
Jan 22, 2007
Sold by
The Crossroads Of Mn Llc
Bought by
Milbrath Kent and Milbrath Tammy
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $180,000 Title Choice
Warranty Deed $180,000 Dca Title
Warranty Deed $158,000 Edina Realty Title Inc
Warranty Deed $80,000 --
Foreclosure Deed $86,000 --
Warranty Deed $246,400 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $144,000 New Conventional
Previous Owner $142,200 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/21/2025 05/21/25 Price Changed $169,900 -7.2% $154 / Sq Ft
05/16/2025 05/16/25 Price Changed $183,000 -3.6% $166 / Sq Ft
04/29/2025 04/29/25 For Sale $189,900 +5.5% $172 / Sq Ft
01/17/2025 01/17/25 Sold $180,000 -7.7% $163 / Sq Ft
01/03/2025 01/03/25 Pending -- -- --
09/04/2024 09/04/24 For Sale $195,000 -- $176 / 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 $2,737 $206,000 $15,000 $191,000
2022 $2,500 $210,000 $15,000 $195,000
2021 $2,273 $180,000 $15,000 $165,000
2020 $2,013 $166,000 $15,000 $151,000
2019 $2,410 $144,000 $15,000 $129,000
2018 $2,034 $166,000 $15,000 $151,000
2017 $1,663 $125,000 $15,000 $110,000
2016 $1,580 $117,000 $15,000 $102,000
2015 $1,243 $99,000 $11,000 $88,000
2014 -- $85,000 $11,000 $74,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6557498

NorthstarMLS

APN: 24-117-22-22-0104