NOT LISTED FOR SALE

Estimated Value: $227,000 - $266,000

1 Bed
1 Bath
859 Sq Ft
$279/Sq Ft Est. Value

Last Sold August 28, 2020

Last sale price $246,900 $287 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $2,151/month

8 Days on Market

Highlights

  • Beach View
  • Heated In Ground Pool
  • Sauna
  • Building Security
  • River Front
  • 1.64 Acre Lot

About This Home

As of August 2020

STUNNING view of Downtown Minneapolis skyline, the Mississippi River and Mill City Ruins from this private and secure building. This Falls Pinnacle floor plan has the ideal layout, the best view, and the most natural light. Living room, bedroom and balcony all face South and East. Huge Master bedroom with California Closets. New $5,000 HVAC. New kitchen appliances. COMPLETE set of building amenities includes underground parking, 24/7 gym, indoor pool, sauna, steam, hot tub, yoga, party room, lounge and 3 newly-redesigned garden terraces. All hallways recently redesigned and renovated too. Historic riverfront neighborhood offers retail, cafes, bars, fine dining, nightspots and romantic tree-lined cobblestone streets. Next to Lunds, Nyes, Sonder Shaker, Punch Pizza, Chipotle, Noodles, Brueggers, Kramarczuks, Wilde Roast, Aster Caf? and more. HOA dues include heat, AC, water, trash. You pay only electric and internet/cable. NOTE: Owner already paid off entire $31,350 HOA Assessment.

Last Listed By

Michael Peterson

Drive Results Realty Listed on: 07/09/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,320

Year Built

  • Built in 1983

Lot Details

  • 1.64 Acre Lot
  • River Front

HOA Fees

  • $654 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Heated Garage
  • Garage Door Opener
  • Parking Fee
  • Secure Parking

Property Views

  • Beach
  • River
  • Panoramic
  • City Lights

Home Design

  • Property Attached
  • Brick Exterior Construction
  • Stone Siding

Interior Spaces

  • 859 Sq Ft Home
  • 1-Story Property
  • Sauna
  • Fire Sprinkler System

Kitchen

  • Range
  • Microwave
  • Freezer
  • Dishwasher
  • Kitchen Island

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Outdoor Features

  • Heated In Ground Pool
  • Balcony
  • Patio

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • Satellite Dish

Listing and Financial Details

  • Assessor Parcel Number 2302924210805

Community Details

Overview

  • Association fees include air conditioning, building exterior, heating, lawn care, outside maintenance, parking space, professional mgmt, sanitation, security staff, security system, shared amenities, snow removal, snow/lawn care, water/sewer
  • First Service Residential Association
  • Cic 1486 The Falls & Pinnacle Subdivision
  • Car Wash Area

Amenities

  • Community Garden
  • Coin Laundry
  • Elevator

Recreation

  • Community Indoor Pool

Security

  • Building Security

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,320

Year Built

Built in 1983

Lot Details

0

HOA Fees

$654 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: Elevator, No Stairs External, No Stairs Internal
  • Water Source: City Water/Connected
  • Association Amenities: Car Wash, Coin-op Laundry Leased, Coin-op Laundry Owned, Common Garden, Concrete Floors & Walls, Deck, Elevator(s), Fire Sprinkler System, Hot Tub, Patio, Sauna, Security Building
  • Fuel Type: Other
  • Fee Frequency: Monthly
  • Year Built: 1983
  • Power Company Name: Xcel Energy
  • Fractional Ownership Y N: No
  • Above Grade Finished Sq Ft: 859.00
  • Above Grade Finished Area Search: 859.00
  • Above Grade Finished Sq Ft: 859.00
  • Assessment Pending Y N: Yes
  • Association Management: First Service Residential
  • Management Company Phone: 952-277-2700
  • Below Grade Units: Square Feet
  • Carport Y N: No
  • Floor Plan Type: All Living Facilities on One Level
  • Foundation Area Units: Square Feet
  • Garage Stall Unit Description: G140
  • Internet Entire Listing Display: Yes
  • Internet Type: Cable, DSL, Satellite
  • List A O R Key Numeric: 9812
  • Listing Organization: Regional MLS of Minnesota
  • Living Area Finished: 859.00
  • Living Area Finished Units: Square Feet
  • Main Level Area: 859.00
  • Main Level Area Units: Square Feet
  • Minneapolis Community Names: University
  • Parcel Numbers: 2302924210805,2302924211064
  • Rental License: No
  • Restrictions Type: Mandatory Owners Assoc, Pets - Cats Allowed, Pets - Dogs Allowed
  • Stories Type: One
  • Water Body Name: Mississippi River
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Shared Room: Amusement/Party Room, Exercise Room, Sun Room
  • Basement: None
  • Appliances: Dishwasher, Freezer, Microwave, Range, Refrigerator
  • Dining Room Features: Living/Dining Room
  • Bathroom Type: Main Floor Full Bath
  • Living Area: 859.00
  • Fireplace: No
  • Stories: 1

Beds/Baths

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

Exterior Features

  • Waterfront View: City Lights, East, Panoramic, River, South
  • PoolFeatures: Below Ground, Heated, Indoor, Shared
  • Road Between Waterfront And Home: Yes

Garage/Parking

  • Parking Features: Assigned, Attached Garage, Driveway - Concrete, Garage Door Opener, Heated Garage, More Parking Offsite for Fee, More Parking Onsite for Fee, Secured, Underground Garage

Utilities

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

Condo/Co-op/Association

  • HOA Fee Includes: Air Conditioning, Building Exterior, Heating, Lawn Care, Outside Maintenance, Parking Space, Professional Mgmt, Sanitation, Security Staff, Security System, Shared Amenities, Snow Removal, Snow/Lawn Care, Water/Sewer
  • Association Fee: 654.00

Association/Amenities

  • Association Fee Yn: Yes
  • Property Amenities: Balcony, City View, Hardwood Floors, Indoor Sprinklers, Kitchen Center Island, Main Floor Master Bedroom, Panoramic View, Satellite Dish, Tile Floors

Schools

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

Lot Info

  • Zoning: Residential-Single Family
  • Construction: Previously Owned
  • Waterfront YN: Yes
  • PropertyAttachedYN: Yes
  • Assessment Pending: Yes
  • Lot Size: IRREGULAR
  • Homestead: Yes
  • Lot Size Acres: 1.6410
  • Lot Size Area Units: Square Feet

Building Info

  • Construction Materials: Brick, Concrete
  • New Development: No

Tax Info

  • TaxLegalDescription: CIC NO 1486 THE FALLS AND PINNACLE PR UNIT NO P1206 & G140
  • Tax Amount: 3320.00
  • Tax Year: 2020
  • Tax With Assessments: 3320.00
  • Assessor Parcel Number: 2302924210805

Multi Family

  • Above Grade Finished Sq Ft: Square Feet
  • WaterfrontFeatures: River Front, River View

MLS Schools

  • School District Name: 1 - Minneapolis

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 9, 2020
Closed on
Aug 28, 2020
Sold by
Dabe James E
Bought by
Ahlm Kristen
Seller's Agent
Michael Peterson
Drive Results Realty
Buyer's Agent
Daniel Hendrickson
Hendrickson Homes Real Estate
List Price
$249,900
Sold Price
$246,900
Premium/Discount to List
-$3,000
-1.2%
Total Days on Market
8
Current Estimated Value
$239,886

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$7,014
Avg. Annual Appreciation
-0.02%
Original Mortgage
$234,555
Outstanding Balance
$211,897
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$34,729

Purchase Details

Listed on
Jul 22, 2015
Closed on
Sep 4, 2015
Sold by
Ebbert Michael E
Bought by
Dabe James E
Seller's Agent
Erick Patterson
P.S. Real Estate, LLC
Buyer's Agent
Patricia Havlish
RE/MAX Results
List Price
$219,900
Sold Price
$216,000
Premium/Discount to List
-$3,900
-1.77%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.72%
Original Mortgage
$172,800
Interest Rate
3.97%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 1, 2006
Sold by
Falls/Pinnacle Llc
Bought by
Ebbert Michael E

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
Ahlm Kristen $246,900 All American Title
Ahlm Kristen $246,900 All American Title Co Inc
Dabe James E $216,000 Titlenexus Llc
Ebbert Michael E $239,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ahlm Kristen $234,555
Closed Ahlm Kristen $234,555
Previous Owner Dabe James B $180,000
Previous Owner Dabe James E $21,600
Previous Owner Dabe James E $172,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/28/2020 08/28/20 Sold $246,900 -1.2% $287 / Sq Ft
07/17/2020 07/17/20 Pending -- -- --
07/09/2020 07/09/20 For Sale $249,900 +15.7% $291 / Sq Ft
09/04/2015 09/04/15 Sold $216,000 -1.8% $261 / Sq Ft
08/12/2015 08/12/15 Pending -- -- --
07/22/2015 07/22/15 For Sale $219,900 -- $266 / 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 $2,688 $220,000 $10,000 $210,000
2022 $2,630 $226,000 $10,000 $216,000
2021 $2,527 $205,000 $10,000 $195,000
2020 $3,051 $204,000 $2,900 $201,100
2019 $3,138 $224,000 $2,900 $221,100
2018 $3,153 $224,000 $2,900 $221,100
2017 $2,860 $201,500 $2,900 $198,600
2016 $3,445 $230,000 $2,900 $227,100
2015 $3,060 $199,000 $2,900 $196,100
2014 -- $168,500 $2,900 $165,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: NST5618128

NorthstarMLS

APN: 23-029-24-21-0805