NOT LISTED FOR SALE

Estimated Value: $258,000 - $294,384

2 Beds
1.5 Baths
1,469 Sq Ft
$187/Sq Ft Est. Value

Last Sold December 06, 2019

Last sale price $265,000 $180 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $2,247/month

72 Days on Market

Highlights

  • Balcony
  • Forced Air Heating and Cooling System
  • Heated Garage
  • Kitchen Island
  • Ceiling Fan
  • 3-minute walk to Stevens Square Park

About This Home

As of December 2019

Large open floor plan with lots of natural light and industrial finishes. Loft style bedrooms, open kitchen and two garage stalls! Three blocks from the Minneapolis Convention center, minutes from the Hennepin Theater District and minutes from Uptown. One of the largest units in the building. All owner occupied units.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,599

Year Built

  • Built in 2004

Lot Details

  • 0.59

HOA Fees

  • $434 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Heated Garage
  • Insulated Garage
  • Garage Door Opener
  • Assigned Parking

Home Design

  • Property Attached
  • Stone Siding

Interior Spaces

  • 1,469 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan

Kitchen

  • Cooktop
  • Microwave
  • Dishwasher
  • Kitchen Island

Bedrooms and Bathrooms

  • 2 Bedrooms

Laundry

  • Dryer
  • Washer

Additional Features

  • Balcony
  • Forced Air Heating and Cooling System

Community Details

  • Association fees include building exterior, cable TV, hazard insurance, outside maintenance, professional mgmt, sanitation, shared amenities, water/sewer
  • Firstservice Residential Association
  • Steven's Square Loring Heigh Subdivision
  • Rental Restrictions

Listing and Financial Details

  • Assessor Parcel Number 2702924440175

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,599

Year Built

Built in 2004

Lot Details

0

HOA Fees

$434 per month

Parking

2

Listing Details

  • Type: Single Family
  • Property Subtype 1: (CC) Low Rise (3- Levels)
  • Cooling System: Central
  • Outside Features: Brick/Stone
  • Garage Spaces: 2.00
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Fuel Type: Natural Gas
  • Fee Frequency: Monthly
  • Year Built: 2004
  • Above Grade Finished Sq Ft: 1469.00
  • Above Grade Finished Area Search: 1469.00
  • Assessment Pending Y N: No
  • Association Management: FirstService Residential
  • Management Company Phone: 952-277-2700
  • Carport Y N: No
  • Floor Plan Type: Main Floor Laundry
  • Foundation Area Units: Square Feet
  • Internet Entire Listing Display: Yes
  • List A O R Key Numeric: 7859
  • Listing Organization: Regional MLS of Minnesota
  • Living Area Finished: 1469.00
  • Living Area Finished Units: Square Feet
  • Minneapolis Community Names: Central
  • Parcel Numbers: 2702924440175,2702924440227,2702924440228
  • Rental License: No
  • Restrictions Type: Pets - Cats Allowed, Pets - Dogs Allowed, Pets - Number Limit, Rentals not Permitted
  • Stories Type: Two
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement: None
  • Appliances: Cooktop, Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
  • Family Room Features: 2 Story/High/Vaulted Ceilings, Main Level
  • Bathroom Type: Main Floor 1/2 Bath, Upper Level Full Bath
  • Fireplace: No
  • Stories: 2

Beds/Baths

  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bathrooms: 2
  • Total Bedrooms: 2

Exterior Features

  • Fencing: None

Garage/Parking

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

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • Electric: Circuit Breakers

Condo/Co-op/Association

  • HOA Fee Includes: Building Exterior, Cable TV, Hazard Insurance, Outside Maintenance, Professional Mgmt, Sanitation, Shared Amenities, Water/Sewer
  • Association Fee: 434.33

Association/Amenities

  • Association Fee Yn: Yes
  • Property Amenities: Balcony, Ceiling Fan(s), Ethernet Wired, Kitchen Center Island, Walk-In Closet, Washer/Dryer Hookup

Schools

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

Lot Info

  • Zoning: Residential-Multi-Family
  • Construction: Previously Owned
  • Waterfront YN: No
  • PropertyAttachedYN: Yes
  • Assessment Pending: No
  • Homestead: No
  • LandLeaseAmountFrequency: No
  • Lot Features: Public Transit (w/in 6 blks)
  • Lot Size Area Units: Square Feet

Building Info

  • New Development: No

Tax Info

  • TaxLegalDescription: CIC NO 1151 LOFTS ON ARTS AVE UNIT NO 108
  • Tax Amount: 3599.12
  • Tax Year: 2019
  • Tax With Assessments: 3599.12
  • Assessor Parcel Number: 2702924440175

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
Aug 27, 2019
Closed on
Dec 6, 2019
Sold by
Situ Leon R and Guan Wanmei
Bought by
Cronin Richard A
List Price
$279,900
Sold Price
$265,000
Premium/Discount to List
-$14,900
-5.32%
Total Days on Market
72
Current Estimated Value
$274,846

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,846
Avg. Annual Appreciation
0.68%
Original Mortgage
$251,000
Outstanding Balance
$224,062
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$50,784

Purchase Details

Closed on
Jun 23, 2018
Sold by
Zhou Zinyan and Zhou Xin Yan
Bought by
Situ Leon R and Situ Leon Ryan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 31, 2011
Sold by
Crumbaugh Brian R
Bought by
Situ Leon R and Zhou Xin Yan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$166,400
Interest Rate
4.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 18, 2004
Sold by
Bd Art Lofts Llc
Bought by
Crumbaugh Brian R

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
Cronin Richard A $265,000 Burnet Title
Situ Leon R -- North Shore Title Ll
Situ Leon R $208,000 Burnet Title
Situ Leon R $208,000 --
Crumbaugh Brian R $250,484 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cronin Richard A $251,000
Previous Owner Situ Leon R $160,000
Previous Owner Situ Leon R $160,000
Previous Owner Situ Leon R $166,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/06/2019 12/06/19 Sold $265,000 -5.3% $180 / Sq Ft
11/07/2019 11/07/19 Pending -- -- --
08/27/2019 08/27/19 For Sale $279,900 -- $191 / 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 $3,387 $271,000 $9,000 $262,000
2022 $3,805 $276,000 $8,000 $268,000
2021 $3,606 $285,000 $6,000 $279,000
2020 $3,491 $271,000 $10,000 $261,000
2019 $3,599 $253,500 $10,000 $243,500
2018 $3,537 $253,500 $10,000 $243,500
2017 $3,395 $234,500 $8,600 $225,900
2016 $3,174 $215,000 $8,600 $206,400
2015 $2,918 $191,000 $8,600 $182,400
2014 -- $186,000 $8,600 $177,400
Source: Public Records

Map

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Source: NorthstarMLS

MLS Number: NST5284804

NorthstarMLS

APN: 27-029-24-44-0175