1701 Madison St NE Unit 403 Minneapolis, MN 55413
Logan Park NeighborhoodEstimated Value: $327,000 - $526,000
2
Beds
2
Baths
1,360
Sq Ft
$323/Sq Ft
Est. Value
Highlights
- 1.29 Acre Lot
- Forced Air Heating and Cooling System
- Gas Fireplace
- Elevator
- Heated Garage
- 1-Story Property
About This Home
As of November 2020Spectacular views and open layout! This 4th story Madison Lofts condo is not to be missed. Freshly updated with contemporary touches throughout, enjoy the vaulted ceilings, open floor plan, sweeping views of the neighborhood and skyline, and a large balcony for quiet outdoor enjoyment. The open layout speaks for itself as you enter, huge windows leave the living spaces open and bright all day. Spacious bedrooms and closets provide ample space for living and working from home. Additional storage included along with heated parking! Fantastic location with many renowned restaurants, breweries, and amenities. Many up and coming artist and workspace centers abound in the neighborhood as well. Conveniently located and tastefully presented, this one will not disappoint!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,413
Year Built
- Built in 2006
Lot Details
- 1.29
HOA Fees
- $622 Monthly HOA Fees
Parking
- 1 Car Garage
- Heated Garage
Home Design
- Property Attached
- Brick Exterior Construction
- Stone Siding
Interior Spaces
- 1,360 Sq Ft Home
- 1-Story Property
- Gas Fireplace
- Living Room with Fireplace
Kitchen
- Range
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Full Bathrooms
Laundry
- Dryer
- Washer
Additional Features
- 1.29 Acre Lot
- Forced Air Heating and Cooling System
Listing and Financial Details
- Assessor Parcel Number 1402924120250
Community Details
Overview
- Association fees include building exterior, controlled access, hazard insurance, lawn care, outside maintenance, professional mgmt, sanitation, shared amenities, snow removal, snow/lawn care, water/sewer
- First Service Residential Association
- Cic 1514 Madison Lofts Condo Subdivision
- Rental Restrictions
Amenities
- Elevator
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 13, 2020
Closed on
Nov 3, 2020
Sold by
Bachman Alan and Bachman Linda
Bought by
Larsen Blakey
Seller's Agent
Ben Younan
Toft Realty LLC
Buyer's Agent
Matt Rich
LPT Realty, LLC
List Price
$405,000
Sold Price
$390,000
Premium/Discount to List
-$15,000
-3.7%
Total Days on Market
51
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
$49,365
Avg. Annual Appreciation
2.67%
Original Mortgage
$370,500
Outstanding Balance
$333,977
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$105,388
Purchase Details
Listed on
Feb 28, 2019
Closed on
Jun 5, 2019
Sold by
Burke John M
Bought by
Bachman Alan and Bachman Linda
Seller's Agent
Parker Pemberton
eXp Realty
List Price
$425,000
Sold Price
$390,000
Premium/Discount to List
-$35,000
-8.24%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.00%
Purchase Details
Listed on
Jan 16, 2018
Closed on
Mar 16, 2018
Sold by
Holcomb Mary Jo
Bought by
Burke John M
Seller's Agent
Danny Dietl
BRIX Real Estate
List Price
$399,900
Sold Price
$379,600
Premium/Discount to List
-$20,300
-5.08%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.24%
Original Mortgage
$110,000
Interest Rate
4.45%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Dec 17, 2010
Sold by
Presidents Row Lofts Llc
Bought by
Holcomb Mary Jo
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$321,536
Interest Rate
4.12%
Mortgage Type
FHA
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
Similar Homes in Minneapolis, MN
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Larsen Blakey | $390,000 | Titlesmart Inc | |
| Bachman Alan | $390,000 | Titlesmart Inc | |
| Burke John M | $380,000 | Network Title Inc | |
| Holcomb Mary Jo | $329,900 | -- | |
| Larsen Blakey Blakey | $390,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Larsen Blakey | $370,500 | |
| Previous Owner | Burke John M | $110,000 | |
| Previous Owner | Holcomb Mary Jo | $321,536 | |
| Closed | Larsen Blakey Blakey | $370,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/06/2020 11/06/20 | Sold | $390,000 | 0.0% | $287 / Sq Ft |
| 10/11/2020 10/11/20 | Pending | -- | -- | -- |
| 09/16/2020 09/16/20 | Price Changed | $389,900 | -1.3% | $287 / Sq Ft |
| 08/31/2020 08/31/20 | Price Changed | $395,000 | -2.5% | $290 / Sq Ft |
| 08/20/2020 08/20/20 | For Sale | $405,000 | +3.8% | $298 / Sq Ft |
| 06/06/2019 06/06/19 | Sold | $390,000 | -2.5% | $287 / Sq Ft |
| 06/03/2019 06/03/19 | Pending | -- | -- | -- |
| 04/22/2019 04/22/19 | Price Changed | $400,000 | -5.9% | $294 / Sq Ft |
| 02/28/2019 02/28/19 | For Sale | $425,000 | +12.0% | $313 / Sq Ft |
| 03/16/2018 03/16/18 | Sold | $379,600 | -5.1% | $279 / Sq Ft |
| 02/06/2018 02/06/18 | Pending | -- | -- | -- |
| 01/16/2018 01/16/18 | For Sale | $399,900 | -- | $294 / 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 | $5,848 | $448,000 | $9,000 | $439,000 |
| 2022 | $5,614 | $415,000 | $9,000 | $406,000 |
| 2021 | $4,989 | $399,000 | $9,000 | $390,000 |
| 2020 | $5,481 | $376,000 | $7,200 | $368,800 |
| 2019 | $5,231 | $376,000 | $7,200 | $368,800 |
| 2018 | $4,889 | $354,500 | $7,200 | $347,300 |
| 2017 | $4,339 | $291,000 | $7,200 | $283,800 |
| 2016 | $3,806 | $251,500 | $7,200 | $244,300 |
| 2015 | $3,790 | $240,000 | $7,200 | $232,800 |
| 2014 | -- | $240,000 | $7,200 | $232,800 |
Source: Public Records
Agents Affiliated with this Home
-
Ben Younan
Seller's Agent in 2020
Ben Younan
Toft Realty LLC
(612) 454-0899
1 in this area
109 Total Sales
-
Matt Rich
Buyer's Agent in 2020
Matt Rich
LPT Realty, LLC
(651) 755-3543
1 in this area
107 Total Sales
-
Parker Pemberton
Seller's Agent in 2019
Parker Pemberton
eXp Realty
(612) 386-8575
1 in this area
1,036 Total Sales
-
Andrew Morgan
Seller Co-Listing Agent in 2019
Andrew Morgan
eXp Realty
(612) 237-9645
74 Total Sales
-
Danny Dietl
Seller's Agent in 2018
Danny Dietl
BRIX Real Estate
(612) 306-6676
1 in this area
186 Total Sales
-
Robert Kroog
Seller Co-Listing Agent in 2018
Robert Kroog
BRIX Real Estate
(612) 799-7902
83 Total Sales
Map
Source: NorthstarMLS
MLS Number: NST5640965
APN: 14-029-24-12-0250
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