NOT LISTED FOR SALE

Estimated Value: $279,000 - $305,000

2 Beds
1.5 Baths
1,538 Sq Ft
$555/mo HOA Fee

Last Sold March 14, 2023

Last sale price $320,000 $208 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $2,485/month

Highlights

  • Loft
  • Covered patio or porch
  • Stainless Steel Appliances
  • Den
  • Elevator
  • 3-minute walk to Stevens Square Park

About This Home

As of March 2023

Spacious East facing 2 bed + den at Lofts on Arts Ave! This 2 story unit showcases 18 ft ceilings and 2 large banks of windows. Open floor plan great for entertaining with large kitchen island. Enjoy private balcony and in-unit laundry. 2 parking stalls (tandem) in secure underground garage. Building offers community and exercise room and solar panels helping reduce utilities and carbon footprint. Pet friendly! Fiber optic internet and cable TV included in dues. Minutes to Uptown or Downtown and some of Minneapolis best restaurants within walking distance!

Last Agent to Sell the Property

Erick Patterson

P.S. Real Estate, LLC Listed on: 02/02/2023

Last Buyer's Agent

James Adams

eXp Realty

eXp Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,912

Year Built

  • Built in 2003

Lot Details

  • 0.59

HOA Fees

  • $555 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Heated Garage
  • Garage Door Opener
  • Assigned Parking
  • Secure Parking

Interior Spaces

  • 1,538 Sq Ft Home
  • 2-Story Property
  • Combination Dining and Living Room
  • Den
  • Loft
  • Washer and Dryer Hookup

Kitchen

  • Range
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms

Home Security

Additional Features

  • Covered patio or porch
  • Additional Parcels
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 2702924440193

Community Details

Overview

  • Association fees include maintenance structure, cable TV, hazard insurance, internet, lawn care, ground maintenance, professional mgmt, trash, shared amenities, snow removal, water
  • First Service Residential Association, Phone Number (952) 277-2700
  • Low-Rise Condominium
  • Cic 1151 Lofts On Arts Ave Subdivision

Additional Features

  • Elevator
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,912

Year Built

Built in 2003

Lot Details

0

HOA Fees

$555 per month

Parking

2

Listing Details

  • Type: Residential
  • Property Subtype 1: Low Rise
  • Cooling System: Central Air
  • Garage Spaces: 2
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Association Amenities: Elevator(s), Fire Sprinkler System, Lobby Entrance, Security
  • Fee Frequency: Monthly
  • Year Built: 2003
  • Above Grade Finished Sq Ft: 1538
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Basement: None
  • Appliances: Dishwasher, Disposal, Range, Refrigerator, Stainless Steel Appliances
  • Living Area: 1538
  • Fireplace: No
  • Basement YN: No
  • Dining Room Type: Living Room, Kitchen, Bedroom 1, Bedroom 2, Den, Loft
  • Shared Rooms: Community Room,Exercise Room

Beds/Baths

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

Exterior Features

  • Neighborhood: Steven's Square - Loring Heights
  • PatioPorchType: Covered

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • HOA Fee Includes: Maintenance Structure, Cable TV, Hazard Insurance, Internet, Lawn Care, Maintenance Grounds, Professional Mgmt, Trash, Shared Amenities, Snow Removal, Water
  • Phone: 952-277-2700
  • Association Fee: 555
  • Association: Yes
  • Amenities Unit: Balcony,Cable,Indoor Sprinklers,Kitchen Center Island,Primary Bedroom Walk-In Closet,Tile Floors,Washer/Dryer Hookup

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: 0
  • Land Lease: No
  • Additional Parcels Description: 2702924440244,2702924440243
  • Additional Parcels: Yes
  • Zoning Description: Residential-Single Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Brick/Stone

Tax Info

  • Tax Year: 2022
  • Assessor Parcel Number: 2702924440193
  • Tax Annual Amount: 3912
  • TaxWithAssessments: 3912.0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 2, 2023
Closed on
Mar 9, 2023
Sold by
Vairavan Chitra
Bought by
Anderson William Robert
Seller's Agent
Erick Patterson
P.S. Real Estate, LLC
Buyer's Agent
James Adams
eXp Realty
List Price
$324,900
Sold Price
$320,000
Premium/Discount to List
-$4,900
-1.51%
Views
32
Current Estimated Value
$296,786

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$23,214
Avg. Annual Appreciation
-3.90%
Original Mortgage
$304,000
Outstanding Balance
$296,092
Interest Rate
6.09%
Mortgage Type
New Conventional
Estimated Equity
-$5,127

Purchase Details

Closed on
Apr 2, 2014
Sold by
Frick Jessica J
Bought by
Vairavan Chitra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,250
Interest Rate
2.75%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jun 9, 2011
Sold by
Brevig Ryan G and Brevig Tatum
Bought by
Frick Jessica J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$204,773
Interest Rate
4.75%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 2, 2004
Sold by
Bd Art Lofts Llc
Bought by
Brevig Ryan G and Ponath Paul A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,720
Interest Rate
4.5%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

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
Anderson William Robert $320,000 Titlenexus
Vairavan Chitra $245,000 Titlenexus Llc
Frick Jessica J $210,100 Trademark Title Services Inc
Frick Jessica J $210,100 --
Brevig Ryan G $244,801 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Anderson William Robert $304,000
Previous Owner Vairavan Chitra $110,250
Previous Owner Frick Jessica J $204,773
Previous Owner Brevig Ryan G $195,720
Previous Owner Brevig Ryan G $48,930
Closed Anderson William Robert $17,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/14/2023 03/14/23 Sold $320,000 -1.5% $208 / Sq Ft
02/02/2023 02/02/23 Pending -- -- --
02/02/2023 02/02/23 For Sale $324,900 -- $211 / 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 $3,486 $277,000 $9,000 $268,000
2022 $3,912 $282,000 $8,000 $274,000
2021 $3,707 $291,000 $6,000 $285,000
2020 $3,592 $277,000 $10,000 $267,000
2019 $3,703 $259,000 $10,000 $249,000
2018 $3,639 $259,000 $10,000 $249,000
2017 $3,494 $239,500 $8,600 $230,900
2016 $3,267 $219,500 $8,600 $210,900
2015 $3,006 $195,000 $8,600 $186,400
2014 -- $190,000 $8,600 $181,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6328465

NorthstarMLS

APN: 27-029-24-44-0193