NOT LISTED FOR SALE

1701 Madison St NE Unit 211 Minneapolis, MN 55413

Logan Park Neighborhood

Estimated Value: $310,000 - $354,000

2 Beds
1 Bath
1,135 Sq Ft
$571/mo HOA Fee

Last Sold February 03, 2023

Last sale price $350,000 $308 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $2,704/month

79 Days on Market

Highlights

  • 56,323 Sq Ft lot
  • Elevator
  • Living Room
  • Deck
  • Patio
  • Entrance Foyer

About This Home

As of February 2023

Welcome to Madison Lofts, the highly sought-after industrial lofts of NE Minneapolis/Arts District within walking distance to some of Minneapolis’ most popular breweries, restaurants, and amazing art scene. This rare and unique unit is one of the larger spaces in the building measuring 1,135sqft with 2beds/1bath. It is also one of only two units with a huge attached private walkout patio large enough to host your family and friends or simply enjoy your morning coffee! Highlights include the beautiful oversized windows which allow a ton of light to fill the space (perfect for those plant lovers), ~12ft tall ceilings to give the space a more open feel, authentic barn wood door, newer appliances throughout, and custom updates in the kitchen, bathroom, and light fixtures. Included in the sale of the property are one heated underground parking space and a large storage locker. This is a rare opportunity in so many ways, so come see it today!

Last Agent to Sell the Property

Joshua Pelovsky

Ashworth Real Estate Listed on: 10/22/2022

Last Buyer's Agent

Andrew Mettayer

Piche & Associates Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,353

Year Built

  • Built in 1921

Lot Details

  • 1.29

HOA Fees

  • $571 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Heated Garage
  • Garage Door Opener
  • Assigned Parking
  • Secure Parking

Home Design

  • Flat Roof Shape

Interior Spaces

  • 1,135 Sq Ft Home
  • 1-Story Property
  • Entrance Foyer
  • Living Room

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Patio

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 1402924120234

Community Details

Overview

  • Association fees include maintenance structure, hazard insurance, lawn care, ground maintenance, professional mgmt, trash, security, shared amenities, snow removal, water
  • First Service Residential Association, Phone Number (952) 277-2700
  • High-Rise Condominium
  • Cic 1514 Madison Lofts Condo Subdivision

Amenities

  • Elevator

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,353

Year Built

Built in 1921

Lot Details

0

HOA Fees

$571 per month

Parking

1

Listing Details

  • Type: Residential
  • Property Subtype 1: High Rise
  • Cooling System: Central Air
  • Garage Spaces: 1
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Association Amenities: Concrete Floors & Walls, Elevator(s), In-Ground Sprinkler System, Patio
  • Fee Frequency: Monthly
  • Year Built: 1921
  • Above Grade Finished Sq Ft: 1135
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Basement: None
  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer
  • Living Area: 1135
  • Fireplace: No
  • Basement YN: No
  • Dining Room Type: Living Room, Dining Room, Kitchen, Bedroom 1, Bedroom 2, Foyer, Deck

Beds/Baths

  • Full Bathrooms: 1
  • Total Bedrooms: 2

Exterior Features

  • Roof: Flat
  • Neighborhood: Logan Park

Garage/Parking

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

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • Fuel: Natural Gas

Condo/Co-op/Association

  • HOA Fee Includes: Maintenance Structure, Hazard Insurance, Lawn Care, Maintenance Grounds, Professional Mgmt, Trash, Security, Shared Amenities, Snow Removal, Water
  • Phone: 952-277-2700
  • Association Fee: 571
  • Association: Yes
  • Amenities Unit: Exercise Room,Security System

Association/Amenities

  • HOA Management Co: First Service Residential

Schools

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

Lot Info

  • PropertyAttachedYN: Yes
  • Lot Size: common
  • Lot Size Sq Ft: 56323.08
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Residential-Multi-Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: Unknown
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Brick/Stone

Tax Info

  • Tax Year: 2022
  • Assessor Parcel Number: 1402924120234
  • Tax Annual Amount: 4353
  • TaxWithAssessments: 4353.3000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 22, 2022
Closed on
Feb 3, 2023
Sold by
Panosian Krista
Bought by
Schneider Danielle
Seller's Agent
Joshua Pelovsky
Ashworth Real Estate
Buyer's Agent
Andrew Mettayer
Piche & Associates Real Estate
List Price
$365,000
Sold Price
$350,000
Premium/Discount to List
-$15,000
-4.11%
Views
62
Current Estimated Value
$325,502

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$24,498
Avg. Annual Appreciation
-2.65%
Original Mortgage
$315,000
Outstanding Balance
$305,009
Interest Rate
6.27%
Mortgage Type
New Conventional
Estimated Equity
$20,493

Purchase Details

Closed on
Jun 1, 2018
Sold by
Hultaranad Donald R
Bought by
Panosian Krista

Purchase Details

Closed on
Dec 17, 2013
Sold by
Msp Holdings Llc
Bought by
Hultstrand Donald R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$182,700
Interest Rate
4.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 26, 2013
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
Schneider Danielle $350,000 Ancona Title
Panosian Krista $297,500 Watermark Title Agency
Hultstrand Donald R $203,000 None Available
-- $1,650,000 --
Msp Holdings Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schneider Danielle $315,000
Previous Owner Hultstrand Donald R $182,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/03/2023 02/03/23 Sold $350,000 0.0% $308 / Sq Ft
01/09/2023 01/09/23 Pending -- -- --
11/10/2022 11/10/22 Price Changed $350,000 -4.1% $308 / Sq Ft
10/22/2022 10/22/22 For Sale $365,000 -- $322 / 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
2024 $4,878 $328,000 $15,000 $313,000
2023 $4,564 $354,000 $9,000 $345,000
2022 $4,353 $328,000 $9,000 $319,000
2021 $3,862 $315,000 $9,000 $306,000
2020 $4,251 $297,500 $7,300 $290,200
2019 $4,040 $297,500 $7,300 $290,200
2018 $3,761 $280,500 $7,300 $273,200
2017 $3,294 $228,000 $7,300 $220,700
2016 $2,872 $197,000 $7,300 $189,700
2015 $3,189 $191,000 $7,300 $183,700
2014 -- $199,500 $7,300 $192,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6271554

NorthstarMLS

APN: 14-029-24-12-0234