NOT LISTED FOR SALE

Estimated Value: $1,022,561 - $1,133,000

3 Beds
2.5 Baths
2,662 Sq Ft
$1,769/mo HOA Fee

Last Sold April 27, 2023

Last sale price $1,100,000 $413 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $8,800/month

172 Days on Market

Highlights

  • Valet Parking
  • Great Room
  • Subterranean Parking
  • 1 Fireplace
  • Den
  • Living Room

About This Home

As of April 2023

Spectacular one-of-a-kind condo and luxury living at Hotel Ivy! Incredible views with floor to ceiling windows and a private balcony. Remarkable two bedroom + den, with the den being able to easily be converted to a third bedroom. Kitchen, living and dining room combine to provide an open and relaxing space and a great place to entertain. Primary bedroom offers an ensuite and walk-in closet. Unit includes one of the largest storage spaces the Ivy Residences has to offer. Convenient living with two valet parking spaces, fitness center, restaurants, cocktail lounge, elite spa and 24 hour concierge!

Last Agent to Sell the Property

Reide Housley

Keller Williams Realty Integrity Lakes Listed on: 10/06/2022

Keller Williams Realty Integrity Lakes

Last Buyer's Agent

Mike Seebinger

DRG

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $18,771

Year Built

  • Built in 2007

Lot Details

  • 0.47

HOA Fees

  • $1,769 Monthly HOA Fees

Parking

  • Subterranean Parking
  • Heated Garage
  • Garage Door Opener

Interior Spaces

  • 2,662 Sq Ft Home
  • 1-Story Property
  • 1 Fireplace
  • Great Room
  • Living Room
  • Den

Bedrooms and Bathrooms

  • 3 Bedrooms

Utilities

  • Forced Air Heating and Cooling System
  • Baseboard Heating

Listing and Financial Details

  • Assessor Parcel Number 2702924140603

Community Details

Overview

  • Association fees include air conditioning, maintenance structure, cable TV, controlled access, electricity, gas, heating, internet, lawn care, ground maintenance, parking, trash, security, shared amenities, snow removal, valet parking, water
  • Firstservice Residential Association, Phone Number (612) 205-1887
  • High-Rise Condominium
  • Cic 1431 Ivy Resdidence Subdivision

Amenities

  • Valet Parking

Property Details

Home Type

Condominium

Est. Annual Taxes

$18,771

Year Built

Built in 2007

Lot Details

0

HOA Fees

$1,769 per month

Parking

2

Listing Details

  • Type: Residential
  • Property Subtype 1: High Rise
  • Cooling System: Central Air
  • Garage Spaces: 2
  • Accessibility Features: None
  • Fireplaces: 1
  • Water Source: City Water/Connected
  • Fee Frequency: Monthly
  • Year Built: 2007
  • Above Grade Finished Sq Ft: 2662
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Basement: None
  • Living Area: 2662
  • Fireplace: Yes
  • Basement YN: No
  • Dining Room Type: Living Room, Kitchen, Bedroom 1, Bedroom 2, Den, Great Room

Beds/Baths

  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Three Quarter Bathrooms: 1

Exterior Features

  • Neighborhood: Downtown West

Garage/Parking

  • Parking Features: Garage Door Opener, Heated Garage, Other, Underground, Valet Parking for Fee

Utilities

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

Condo/Co-op/Association

  • HOA Fee Includes: Air Conditioning, Maintenance Structure, Cable TV, Controlled Access, Electricity, Gas, Heating, Internet, Lawn Care, Maintenance Grounds, Parking, Trash, Security, Shared Amenities, Snow Removal, Valet Parking, Water
  • Phone: 612-205-1887
  • Association Fee: 1769
  • Association: Yes

Association/Amenities

  • HOA Management Co: FirstService Residential

Schools

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

Lot Info

  • PropertyAttachedYN: Yes
  • Lot Size: common
  • Land Lease: No
  • 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: 2702924140603
  • Tax Annual Amount: 18771
  • TaxWithAssessments: 18770.6800

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 6, 2022
Closed on
Apr 27, 2023
Sold by
Dumba Mathew C
Bought by
Mulcare Lisa
Seller's Agent
Reide Housley
Keller Williams Realty Integrity Lakes
Buyer's Agent
Mike Seebinger
DRG
List Price
$1,150,000
Sold Price
$1,100,000
Premium/Discount to List
-$50,000
-4.35%
Views
122
Current Estimated Value
$1,082,640

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$17,360
Avg. Annual Appreciation
-0.63%

Purchase Details

Closed on
Feb 22, 2019
Sold by
Riemer Neil B and Riemer Sharmane E
Bought by
Dumba Matthew C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$856,000
Interest Rate
3.8%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jan 4, 2019
Sold by
Riemer Neil B and Riemer Sharmane E
Bought by
Klein Bank

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$856,000
Interest Rate
3.8%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Apr 11, 2013
Bought by
Riemer Neil Neil

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$589,000
Interest Rate
3.46%
Mortgage Type
Construction

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
Not Available
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
Mulcare Lisa $1,100,000 Legacy Title
Dumba Matthew C $1,070,000 Title Nexus Llc
Klein Bank -- None Available
Riemer Neil Neil $725,000 --
Reimer Neil B $703,676 Titlenexus Llc
Ivy Condo Llc -- First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Dumba Matthew C $856,000
Previous Owner Reimer Neil B $589,000
Previous Owner Riemer Neil Neil $725,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/27/2023 04/27/23 Sold $1,100,000 -4.3% $413 / Sq Ft
03/27/2023 03/27/23 Pending -- -- --
03/18/2023 03/18/23 For Sale $1,150,000 0.0% $432 / Sq Ft
03/11/2023 03/11/23 Pending -- -- --
02/03/2023 02/03/23 Price Changed $1,150,000 -4.2% $432 / Sq Ft
10/06/2022 10/06/22 For Sale $1,200,000 -- $451 / 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 $16,372 $990,000 $37,000 $953,000
2023 $16,124 $1,100,000 $37,000 $1,063,000
2022 $18,771 $1,197,000 $37,000 $1,160,000
2021 $18,075 $1,197,000 $35,100 $1,161,900
2020 $19,567 $1,197,000 $35,100 $1,161,900
2019 $20,218 $1,197,000 $30,100 $1,166,900
2018 $18,963 $1,197,000 $30,100 $1,166,900
2017 $18,217 $1,055,500 $28,400 $1,027,100
2016 $18,230 $1,031,500 $28,400 $1,003,100
2015 $14,944 $825,000 $28,400 $796,600
2014 -- $547,000 $23,400 $523,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6183510

NorthstarMLS

APN: 27-029-24-14-0603