NOT LISTED FOR SALE

Estimated Value: $111,000 - $166,000

-- Bed
1 Bath
400 Sq Ft
$312/mo HOA Fee

Last Sold February 23, 2023

Last sale price $112,000 $280 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $1,107/month

20 Days on Market

Highlights

  • Heated In Ground Pool
  • Sauna
  • Community Garden
  • River Front
  • 71,482 Sq Ft lot
  • Attached Garage

About This Home

As of February 2023

Motivated seller!!! Come see this gorgeous studio in NorthEast Minneapolis, it's modern and chic, truly a work of art. The building has recently gone through a multi-million dollar remodel with more improvements coming. The $17,000 remodel assessment on the unit has been paid off, bringing down the HOA fees. Some of the perks include a front desk person 24/7, a phone-accessible package room, and dry cleaning pick up, pool, fitness room, and many more. Just steps from the building are restaurants, boutique stores, Lunds and a walking path next to the Mississippi river. Easy access to the vibrant Minneapolis Arts District. Come see this stunning unit at an amazing price that is cheap before it’s gone! The seller is motivated to sell so bring all offers!

Last Agent to Sell the Property

Mark Abdel

RE/MAX Advantage Plus Listed on: 01/03/2023

RE/MAX Advantage Plus

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $646

Year Built

  • Built in 1983

Lot Details

  • River Front
  • Few Trees

HOA Fees

  • $312 Monthly HOA Fees

Home Design

  • Studio
  • Flat Roof Shape

Interior Spaces

  • 1 Full Bathroom
  • 400 Sq Ft Home
  • 1-Story Property
  • Combination Dining and Living Room
  • Sauna

Kitchen

  • Range
  • Microwave
  • Freezer
  • Dishwasher

Home Security

Parking

  • Attached Garage
  • Heated Garage
  • Garage Door Opener
  • Parking Fee

Accessible Home Design

  • Accessible Elevator Installed
  • No Interior Steps

Pool

  • Heated In Ground Pool

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System

Listing and Financial Details

  • Assessor Parcel Number 2302924210734

Community Details

Overview

  • Association fees include air conditioning, maintenance structure, heating, lawn care, ground maintenance, professional mgmt, trash, security, shared amenities, snow removal, water
  • Paradise & Associates Association, Phone Number (651) 699-5300
  • High-Rise Condominium
  • Falls Pinnacle Condominiums Subdivision
  • Car Wash Area

Amenities

  • Community Garden
  • Community Deck or Porch
  • Coin Laundry

Recreation

  • Community Indoor Pool
  • Community Spa

Additional Features

  • Security
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$646

Year Built

Built in 1983

Lot Details

0

HOA Fees

$312 per month

Listing Details

  • Type: Residential
  • Property Subtype 1: High Rise
  • Cooling System: Central Air
  • Accessibility Features: Accessible Elevator Installed, No Stairs Internal
  • Water Source: City Water/Connected
  • Association Amenities: Car Wash, Coin-op Laundry Leased, Common Garden, Concrete Floors & Walls, Deck, Elevator(s), Fire Sprinkler System, Spa/Hot Tub, Sauna, Security
  • Fee Frequency: Monthly
  • Year Built: 1983
  • Above Grade Finished Sq Ft: 400
  • Water Body Name: Mississippi River
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Basement: None
  • Appliances: Dishwasher, Freezer, Microwave, Range, Refrigerator
  • Living Area: 400
  • Basement YN: No
  • Dining Room Type: Living Room, Dining Room, Kitchen, Studio
  • Shared Rooms: Amusement/Party Room,Exercise Room,Sun Room

Beds/Baths

  • Full Bathrooms: 1

Exterior Features

  • Roof: Flat
  • PoolFeatures: Below Ground, Heated, Indoor, Shared
  • Fencing: None
  • Neighborhood: Nicollet Island - East Bank
  • LakeChain: N

Garage/Parking

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

Utilities

  • Heating: Forced Air, Heat Pump
  • Sewer: City Sewer/Connected
  • Electric: Circuit Breakers
  • Fuel: Natural Gas,Other

Condo/Co-op/Association

  • HOA Fee Includes: Air Conditioning, Maintenance Structure, Heating, Lawn Care, Maintenance Grounds, Professional Mgmt, Trash, Security, Shared Amenities, Snow Removal, Water
  • Phone: 651-699-5300
  • Association Fee: 312
  • Association: Yes
  • Amenities Unit: Exercise Room,Hot Tub,Natural Woodwork,Sauna,Tile Floors

Association/Amenities

  • HOA Management Co: Paradise & Associates

Schools

  • Junior High Dist: Minneapolis
  • SchoolDistrictPhone: 612-668-0000

Lot Info

  • Waterfront YN: Yes
  • PropertyAttachedYN: Yes
  • Lot Size: Irregular
  • Lot Size Sq Ft: 71481.96
  • Land Lease: No
  • Lot Features: Public Transit (w/in 6 blks), Irregular Lot, Some Trees
  • Additional Parcels: No
  • 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: 2302924210734
  • Tax Annual Amount: 646
  • TaxWithAssessments: 646.3600

Multi Family

  • WaterfrontFeatures: River Front

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 16, 2023
Sold by
Simmons Kristina R
Bought by
Birkeli Joseph Charles
Current Estimated Value
$129,802

Purchase Details

Listed on
Jan 3, 2023
Closed on
Feb 23, 2023
Sold by
Simmons Kristina R
Bought by
Birkeli Joseph Charles
Seller's Agent
Mark Abdel
RE/MAX Advantage Plus
List Price
$129,900
Sold Price
$112,000
Premium/Discount to List
-$17,900
-13.78%
Views
16

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.66%

Purchase Details

Closed on
Aug 31, 2015
Sold by
P406 Llc
Bought by
Simmons Kristina R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,000
Interest Rate
3.93%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 28, 2015
Sold by
Morris Dave
Bought by
P406 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,000
Interest Rate
3.93%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 29, 2014
Sold by
Morris Dave
Bought by
P406 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,000
Interest Rate
5%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
May 1, 2014
Sold by
Peterson Michael W and Peterson Colleen E
Bought by
Morris Dave

Purchase Details

Closed on
Dec 3, 2013
Sold by
Peterson Michael W
Bought by
Wells Fargo Bank Na and Norwest Bank Minnesota Na
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
Birkeli Joseph Charles $112,000 None Listed On Document
Birkeli Joseph Charles $112,000 --
Simmons Kristina R $95,000 Burnet Title
P406 Llc $80,000 Burnet Title
P406 Llc $80,000 None Available
Morris Dave -- None Available
Wells Fargo Bank Na $72,830 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Simmons Kristina R $76,000
Previous Owner P406 Llc $65,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/23/2023 02/23/23 Sold $112,000 -6.6% $280 / Sq Ft
01/23/2023 01/23/23 Pending -- -- --
01/09/2023 01/09/23 Price Changed $119,900 -7.7% $300 / Sq Ft
01/03/2023 01/03/23 For Sale $129,900 -- $325 / 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
2024 $1,353 $91,000 $4,000 $87,000
2023 $902 $95,000 $4,000 $91,000
2022 $646 $95,000 $4,000 $91,000
2021 $575 $73,000 $4,000 $69,000
2020 $687 $66,500 $1,200 $65,300
2019 $714 $73,000 $1,200 $71,800
2018 $710 $73,000 $1,200 $71,800
2017 $733 $73,000 $1,200 $71,800
2016 $1,161 $73,000 $1,200 $71,800
2015 $1,060 $63,500 $1,200 $62,300
2014 -- $53,500 $1,200 $52,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6320021

NorthstarMLS

APN: 23-029-24-21-0734