NOT LISTED FOR SALE

Estimated Value: $564,000 - $571,302

2 Beds
2 Baths
1,849 Sq Ft
$1,920/mo HOA Fee

Last Sold March 29, 2024

Last sale price $515,000 $279 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $5,658/month

79 Days on Market

Highlights

  • 24-Hour Guard
  • 1-Story Property
  • Heated Garage
  • Subterranean Parking
  • Forced Air Heating and Cooling System
  • High-Rise Condominium

About This Home

As of March 2024

This is Ivy Residence - iconic luxury high-rise living, thoughtfully constructed adjacent to the historic Ivy Tower. Known for extraordinary details, and the highest quality finishes, this building offers everything for the city dweller. This spectacular updated 2+Den corner apartment offers stunning floor-to-ceiling skyline and eastern views. The design layout provides the best of city living with abundant spaces for entertaining and overnight guests. New carpet, paint and lighting throughout. Large primary bedroom en suite with walk-in closet. Fabulous balcony, guest bedroom and bonus office. The Ivy is truly a one-of-a-kind, residential lifestyle experience with 5-star amenities including Anda Spa, Concierge service, lobby lounge, skyway connection, valet parking, Breva Restaurant, Masa & Agave and some of the finest cultural venues Minneapolis offers - all within walking distance.

Last Agent to Sell the Property

Jessica Prudden

Prudden & Company Listed on: 01/09/2024

Co-Listed By

Jay Nuhring

Prudden & Company

Last Buyer's Agent

Susan Durfee

Lakes Area Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $11,644

Year Built

  • Built in 2007

Lot Details

  • 0.46

HOA Fees

  • $1,920 Monthly HOA Fees

Parking

  • Subterranean Parking
  • Heated Garage
  • Garage Door Opener
  • Unassigned Parking

Interior Spaces

  • 1,849 Sq Ft Home
  • 1-Story Property
  • Washer and Dryer Hookup

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Home Security

Accessible Home Design

  • Accessible Elevator Installed

Utilities

  • Forced Air Heating and Cooling System
  • Vented Exhaust Fan

Listing and Financial Details

  • Assessor Parcel Number 2702924140562

Community Details

Overview

  • Association fees include air conditioning, maintenance structure, cable TV, electricity, hazard insurance, heating, internet, lawn care, ground maintenance, professional mgmt, trash, security, shared amenities, snow removal
  • Firstservice Residential Association, Phone Number (952) 277-2700
  • High-Rise Condominium
  • Cic 1431 Ivy Resdidence Subdivision

Security

  • 24-Hour Guard
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$11,644

Year Built

Built in 2007

Lot Details

0

HOA Fees

$1,920 per month

Parking

2

Listing Details

  • Type: Residential
  • Property Subtype 1: High Rise
  • Cooling System: Central Air
  • Garage Spaces: 2
  • Accessibility Features: Doors 36"+, Accessible Elevator Installed
  • Water Source: City Water/Connected
  • Association Amenities: Guard - 24 Hour, Elevator(s), Fire Sprinkler System, Other
  • Fee Frequency: Monthly
  • Year Built: 2007
  • Above Grade Finished Sq Ft: 1849
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Basement: None
  • Appliances: Dishwasher, Disposal, Exhaust Fan, Microwave, Range, Refrigerator
  • Living Area: 1849
  • Basement YN: No
  • Shared Rooms: Other

Beds/Baths

  • Full Bathrooms: 2
  • Total Bedrooms: 2

Exterior Features

  • Neighborhood: Downtown West

Garage/Parking

  • Parking Features: Garage Door Opener, Heated Garage, Underground, Unassigned

Utilities

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

Condo/Co-op/Association

  • HOA Fee Includes: Air Conditioning, Maintenance Structure, Cable TV, Electricity, Hazard Insurance, Heating, Internet, Lawn Care, Other, Maintenance Grounds, Professional Mgmt, Trash, Security, Shared Amenities, Snow Removal
  • Phone: 952-277-2700
  • Association Fee: 1920
  • Association: Yes
  • Amenities Unit: Balcony,Hardwood Floors,Tile Floors,Washer/Dryer Hookup

Association/Amenities

  • HOA Management Co: FirstService Residential

Schools

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

Lot Info

  • PropertyAttachedYN: Yes
  • Lot Size: Common
  • Lot Size Sq Ft: 20211.84
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: Unknown
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Brick/Stone, Other

Tax Info

  • Tax Year: 2022
  • Assessor Parcel Number: 2702924140562
  • Tax Annual Amount: 11644
  • TaxWithAssessments: 11701.0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 9, 2024
Closed on
Mar 25, 2024
Sold by
Granlund Mikael
Bought by
Marrujo Jose and Marrujo Melissa
Seller's Agent
Jessica Prudden
Prudden & Company
Buyer's Agent
Susan Durfee
Lakes Area Realty
List Price
$595,000
Sold Price
$515,000
Premium/Discount to List
-$80,000
-13.45%
Views
31
Current Estimated Value
$567,576

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$52,576
Avg. Annual Appreciation
6.35%
Original Mortgage
$515,000
Outstanding Balance
$506,450
Interest Rate
6.64%
Mortgage Type
New Conventional
Estimated Equity
$61,126

Purchase Details

Closed on
Nov 20, 2015
Sold by
Ivy Condo Llc
Bought by
Granlund Mikael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$487,500
Interest Rate
3.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Mar 12, 2012
Sold by
Ivy Tower Minneapolis Llc
Bought by
Ivy Condo Llc
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
Marrujo Jose $515,000 --
Granlund Mikael $650,000 Titlenexus Llc
Ivy Condo Llc -- First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Marrujo Jose $515,000
Previous Owner Granlund Mikael $487,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/29/2024 03/29/24 Sold $515,000 0.0% $279 / Sq Ft
02/19/2024 02/19/24 Off Market $515,000 -- --
01/09/2024 01/09/24 For Sale $595,000 -- $322 / 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 $9,206 $597,000 $27,000 $570,000
2023 $8,740 $635,000 $29,000 $606,000
2022 $11,701 $724,000 $29,000 $695,000
2021 $11,279 $777,500 $28,100 $749,400
2020 $11,310 $777,500 $28,100 $749,400
2019 $11,636 $726,500 $18,700 $707,800
2018 $10,857 $726,500 $18,700 $707,800
2017 $9,458 $590,500 $18,700 $571,800
2016 $9,702 $590,500 $18,700 $571,800
2015 $8,107 $485,500 $18,700 $466,800
2014 -- $404,500 $18,700 $385,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6475476

NorthstarMLS

APN: 27-029-24-14-0562