NOT LISTED FOR SALE

Estimated Value: $104,000 - $150,000

1 Bed
1 Bath
650 Sq Ft
$185/Sq Ft Est. Value

Last Sold June 20, 2013

Last sale price $85,000 $131 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $1,201/month

19 Days on Market

Highlights

  • Building Security
  • Sauna
  • Elevator
  • Heated Pool
  • 1.03 Acre Lot
  • 1-minute walk to Bluff Street Park

About This Home

As of June 2013

Riverview Tower-Newly Renovated and Very Secure! Beautiful views of the Mississippi and great proximity to the U of M! 50 guest parking spaces and countless amenities including pool, tennis court, and exercise room! Newer dishwasher and ample storage.

Last Listed By

David Abele

Lakes Sotheby's International Realty Listed on: 04/12/2013

Lakes Sotheby's International Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,535

Year Built

  • Built in 1973

Lot Details

  • 1.03

HOA Fees

  • $430 Monthly HOA Fees

Parking

  • 1 Car Garage

Home Design

  • Property Attached
  • Flat Roof Shape

Interior Spaces

  • 650 Sq Ft Home
  • Sauna
  • Tile Flooring

Kitchen

  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Additional Features

  • Heated Pool
  • 1.03 Acre Lot
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 2502924220211

Community Details

Overview

  • Association fees include air conditioning, building exterior, cable TV, electric, hazard insurance, heating, outside maintenance, professional mgmt, sanitation, security staff, shared amenities, snow/lawn care, water/sewer
  • Gittleman Management Association
  • Car Wash Area

Amenities

  • Coin Laundry
  • Elevator

Recreation

  • Community Indoor Pool

Security

  • Building Security
  • 24 Hour Access

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,535

Year Built

Built in 1973

Lot Details

0

HOA Fees

$430 per month

Parking

1

Listing Details

  • Type: Single Family
  • Property Subtype 1: (CC) High Rise (4+ Levels)
  • Cooling System: Central
  • Outside Features: Other
  • Garage Spaces: 1.00
  • Accessibility Features: Elevator, No Stairs Internal
  • Water Source: City Water/Connected
  • Association Amenities: 24 Hour Guard, Car Wash, Coin-op Laundry Owned, Elevator(s), Hot Tub, Sauna, Security Building, Tennis Courts
  • Fuel Type: Natural Gas
  • Fee Frequency: Monthly
  • Year Built: 1973
  • Above Grade Finished Sq Ft: 650.00
  • Above Grade Finished Area Search: 650.00
  • Assessment Pending Y N: No
  • Association Management: Gittleman Management
  • Management Company Phone: 952-277-2700
  • Carport Y N: No
  • Co Listing Association Office S K: 6457
  • Foundation Area Units: Square Feet
  • Internet Entire Listing Display: Yes
  • List A O R Key Numeric: 6457
  • Listing Organization: Regional MLS of Minnesota
  • Living Area Finished: 650.00
  • Living Area Finished Units: Square Feet
  • Minneapolis Community Names: University
  • Parcel Numbers: 2502924220211
  • Rental License: No
  • Restrictions Type: Mandatory Owners Assoc, Pets Not Allowed
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Appliances: Dishwasher, Microwave, Range, Refrigerator
  • Dining Room Features: Informal Dining Room
  • Bathroom Type: Main Floor Full Bath
  • Fireplace: No

Beds/Baths

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

Exterior Features

  • Roof: Flat
  • PoolFeatures: Heated, Indoor

Garage/Parking

  • Parking Features: Other

Utilities

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

Condo/Co-op/Association

  • HOA Fee Includes: Air Conditioning, Building Exterior, Cable TV, Electric, Hazard Insurance, Heating, Other, Outside Maintenance, Professional Mgmt, Sanitation, Security Staff, Shared Amenities, Snow/Lawn Care, Water/Sewer
  • Association Fee: 430.00

Association/Amenities

  • Association Fee Yn: Yes
  • Property Amenities: Local Area Network, Tile Floors

Schools

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

Lot Info

  • Zoning: Residential-Single Family
  • Construction: Previously Owned
  • Waterfront YN: No
  • PropertyAttachedYN: Yes
  • Assessment Pending: No
  • Lot Size: Irregular
  • Homestead: No
  • LandLeaseAmountFrequency: No
  • Lot Size Acres: 1.0300
  • Lot Size Area Units: Square Feet

Building Info

  • New Development: No

Tax Info

  • TaxLegalDescription: CIC NO 0775 RIVERVIEW TOWER CONDO UNIT NO 907
  • Tax Amount: 1535.00
  • Tax Year: 2012
  • Tax With Assessments: 1535.00
  • Assessor Parcel Number: 2502924220211

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 12, 2013
Closed on
Apr 22, 2013
Sold by
Mossman Rebecca J
Bought by
Rymarchick James J
Seller's Agent
David Abele
Lakes Sotheby's International Realty
Buyer's Agent
Rosemary Knutson
Edina Realty, Inc.
List Price
$100,000
Sold Price
$85,000
Premium/Discount to List
-$15,000
-15%
Total Days on Market
19
Current Estimated Value
$120,563

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$35,563
Avg. Annual Appreciation
2.99%
Original Mortgage
$68,000
Interest Rate
3.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 19, 2011
Sold by
Martinka Scott A and Martinka Steven C
Bought by
Mossman Rebecca J

Purchase Details

Closed on
Aug 8, 2003
Sold by
Hutchins Thomas A and Hutchins Emily
Bought by
Martinka Steven C and Martinka Decky A

Purchase Details

Closed on
Dec 14, 1998
Sold by
Price Fredrick L and Price Beverly H
Bought by
Hutchins Thomas A

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
Rymarchick James J $82,500 Burnet Title
Mossman Rebecca J $101,500 --
Martinka Steven C $120,000 --
Hutchins Thomas A $65,000 --
Hutchins Thomas A $65,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rymarchick James J $68,000
Closed Hutchins Thomas A --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/20/2013 06/20/13 Sold $85,000 -15.0% $131 / Sq Ft
05/01/2013 05/01/13 Pending -- -- --
04/12/2013 04/12/13 For Sale $100,000 -- $154 / 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 $1,241 $119,000 $1,900 $117,100
2022 $1,407 $125,000 $1,900 $123,100
2021 $1,364 $125,000 $1,900 $123,100
2020 $1,481 $125,000 $1,900 $123,100
2019 $1,451 $125,000 $1,900 $123,100
2018 $1,322 $120,000 $1,900 $118,100
2017 $1,220 $103,500 $1,900 $101,600
2016 $1,142 $96,500 $1,900 $94,600
2015 $1,039 $87,500 $1,900 $85,600
2014 -- $89,500 $1,900 $87,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: NST4354689

NorthstarMLS

APN: 25-029-24-22-0211