NOT LISTED FOR SALE

Estimated Value: $239,000 - $259,000

1 Bed
1 Bath
1,195 Sq Ft
$207/Sq Ft Est. Value

Last Sold May 14, 2018

Last sale price $205,500 $172 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $1,942/month

21 Days on Market

Highlights

  • Building Security
  • Elevator
  • Forced Air Heating and Cooling System
  • 0.59 Acre Lot
  • 1 Car Attached Garage
  • 3-minute walk to Stevens Square Park

About This Home

As of May 2018

You won't find a larger 1 bedroom loft condo for this price in downtown.Open floor plan can be configured however you imagine.Center island with granite counter top.Floor to ceiling windows face east.Cement floors on main.Laundry in unit. Large storage room in unit.Excellent management. Secure building with cameras.All appliances included.Agents, see financial comments for special affordability pricing for buyer under $31,650.

Last Listed By

Sandy Loescher

Sandy Green Realty, Inc. Listed on: 04/13/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,550

Year Built

  • Built in 2003

Lot Details

  • 0.59 Acre Lot
  • Lot Dimensions are 200x128
  • Partially Fenced Property

HOA Fees

  • $299 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Tuck Under Garage
  • Garage Door Opener
  • Secure Parking

Home Design

  • 1,195 Sq Ft Home
  • Property Attached
  • Flat Roof Shape
  • Stone Siding

Kitchen

  • Range
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Utilities

  • Forced Air Heating and Cooling System
  • Vented Exhaust Fan

Listing and Financial Details

  • Assessor Parcel Number 2702924440179

Community Details

Overview

  • Association fees include building exterior, cable TV, hazard insurance, outside maintenance, parking space, professional mgmt, sanitation, security system, shared amenities, snow/lawn care, water/sewer
  • Firstservice Residential Association
  • Lofts On Arts Avenue Subdivision
  • Rental Restrictions

Additional Features

  • Elevator
  • Building Security

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,550

Year Built

Built in 2003

Lot Details

0

HOA Fees

$299 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: Door Lever Handles, Doors 36+, Elevator
  • Water Source: City Water/Connected
  • Association Amenities: Elevator(s), Lawn Sprinkler, Security Building
  • Fuel Type: Natural Gas
  • Fee Frequency: Monthly
  • Year Built: 2003
  • Above Grade Finished Sq Ft: 1195.00
  • Above Grade Finished Area Search: 1195.00
  • Assessment Pending Y N: No
  • Association Management: FirstService Residential
  • Management Company Phone: 952-277-2700
  • Carport Y N: No
  • Foundation Area Units: Square Feet
  • Garage Stall Unit Description: 29
  • Internet Entire Listing Display: Yes
  • List A O R Key Numeric: 2505
  • Listing Organization: Regional MLS of Minnesota
  • Living Area Finished: 1195.00
  • Living Area Finished Units: Square Feet
  • Minneapolis Community Names: Central
  • Parcel Numbers: 2702924440179,2702924440232
  • Rental License: No
  • Restrictions Type: Pets - Breed Restriction, Pets - Cats Allowed, Pets - Dogs Allowed, Pets - Number Limit, Pets - Weight/Height Limit, Rentals not Permitted
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Appliances: Dishwasher, Dryer, Exhaust Fan/Hood, Range, Refrigerator, Washer
  • Dining Room Features: Living/Dining Room
  • Bathroom Type: Upper Level Full Bath
  • Fireplace: No

Beds/Baths

  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 1

Exterior Features

  • Roof: Flat
  • Fencing: Partial

Garage/Parking

  • Parking Features: Attached Garage, Driveway - Concrete, Garage Door Opener, Secured, Tuckunder Garage

Utilities

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

Condo/Co-op/Association

  • HOA Fee Includes: Building Exterior, Cable TV, Hazard Insurance, Outside Maintenance, Parking Space, Professional Mgmt, Sanitation, Security System, Shared Amenities, Snow/Lawn Care, Water/Sewer
  • Association Fee: 299.00

Association/Amenities

  • Association Fee Yn: Yes

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
  • Lot Size: 200x128
  • Homestead: Yes
  • LandLeaseAmountFrequency: No
  • Lot Size Acres: 0.5880
  • Lot Size Area Units: Square Feet

Building Info

  • New Development: No

Tax Info

  • TaxLegalDescription: CIC NO 1151 LOFTS ON ARTS AVE UNIT NO 112
  • Tax Amount: 2550.00
  • Tax Year: 2017
  • Tax With Assessments: 2550.00
  • Assessor Parcel Number: 2702924440179

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
Apr 13, 2018
Closed on
May 14, 2018
Sold by
Walbon Spencer R
Bought by
Webster Michelle
Seller's Agent
Sandy Loescher
Sandy Green Realty, Inc.
List Price
$215,000
Sold Price
$205,500
Premium/Discount to List
-$9,500
-4.42%
Total Days on Market
21
Current Estimated Value
$247,537

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$42,037
Avg. Annual Appreciation
2.22%

Purchase Details

Closed on
Aug 17, 2004
Sold by
Bd Art Lofts Llc
Bought by
Walbon Spencer R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$77,973
Interest Rate
6.1%
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
Webster Michelle $205,500 Titlenexus Llc
Walbon Spencer R $161,610 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Walbon Spencer R $77,973
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/14/2018 05/14/18 Sold $205,500 -4.4% $172 / Sq Ft
05/05/2018 05/05/18 Pending -- -- --
04/19/2018 04/19/18 For Sale $215,000 +4.6% $180 / Sq Ft
04/16/2018 04/16/18 Off Market $205,500 -- --
04/14/2018 04/14/18 For Sale $215,000 -- $180 / 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 $3,172 $243,000 $7,000 $236,000
2022 $3,202 $231,000 $6,000 $225,000
2021 $3,105 $231,000 $5,000 $226,000
2020 $3,051 $225,000 $6,200 $218,800
2019 $2,916 $210,500 $6,200 $204,300
2018 $2,929 $210,500 $6,200 $204,300
2017 $2,550 $183,000 $6,200 $176,800
2016 $2,370 $167,500 $6,200 $161,300
2015 $2,168 $149,000 $6,200 $142,800
2014 -- $145,000 $6,200 $138,800
Source: Public Records

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Source: NorthstarMLS

MLS Number: NST4940161

NorthstarMLS

APN: 27-029-24-44-0179