NOT LISTED FOR SALE

Phoenix on the River 222 2nd St SE Unit 1703 Minneapolis, MN 55414

Marcy-Holmes Neighborhood

Estimated Value: $1,981,000 - $4,072,811

3 Beds
4 Baths
5,647 Sq Ft
$588/Sq Ft Est. Value

Last Sold March 15, 2023

Last sale price $3,995,000 $707 Per Sq Ft

Est. 17% decrease in value since last sale

Current estimated payment $22,370/month

About This Home

As of March 2023

One-of-a-kind 2-level penthouse with breathtaking views of the Riverfront and unmatched designer finishes. This turn-key ready FULLY FURNISHED condo is the pinnacle of luxury, style, privacy and convenience. Dramatic open floor plan, 2 level floor-to-ceiling windows, and multiple terraces make this an ideal space for entertaining. Location puts you steps from riverfront parks and St Anthony Falls, restaurants, retail, and quick access to downtown and freeways. Amazing details include: 2 tandem parking stalls that allow 4 vehicles, indoor heated guest parking, private elevator access to the unit, custom European cabinetry, herringbone hardwood flooring, expansive gourmet kitchen, and much more!

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 15, 2022
Closed on
Mar 9, 2023
Sold by
Robert S Lenz Revocable Trust
Bought by
River Place Llc
Seller's Agent
Elisabeth Lucas
Coldwell Banker Realty
Buyer's Agent
Elisabeth Lucas
Coldwell Banker Realty
Sold Price
$3,995,000
Views
91
Current Estimated Value
$3,318,270

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$676,730
Avg. Annual Appreciation
-7.99%

Purchase Details

Closed on
Jun 15, 2018
Sold by
Paul Tho0mas S and Lenz Robert S
Bought by
Paul Thomas S and Lenz Robert S

Purchase Details

Closed on
Aug 29, 2017
Sold by
Hmr Realty Inc
Bought by
Paul Thomas S and Lenz Robert S

Purchase Details

Closed on
Oct 27, 2011
Sold by
Phoenix Lofts Inc
Bought by
Hmr Realty Llc
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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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
River Place Llc $3,995,000 None Listed On Document
Paul Thomas S -- None Available
Paul Thomas S $2,700,000 Burnet Title
Hmr Realty Llc $6,950,000 Titlenexus Llc
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/15/2023 06/15/23 Rented $10,000 -42.9% --
05/05/2023 05/05/23 For Rent $17,500 0.0% --
03/15/2023 03/15/23 Sold $3,995,000 -- $707 / Sq Ft
12/15/2022 12/15/22 Pending -- -- --
12/15/2022 12/15/22 For Sale -- -- --

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 $44,916 $2,900,000 $92,000 $2,808,000
2022 $44,472 $2,818,000 $92,000 $2,726,000
2021 $43,898 $2,710,000 $92,000 $2,618,000
2020 $45,072 $2,508,000 $39,500 $2,468,500
2019 $46,307 $2,640,000 $39,500 $2,600,500
2018 $46,092 $2,640,000 $39,500 $2,600,500
2017 $45,183 $2,500,000 $39,500 $2,460,500
2016 $74,074 $3,919,500 $39,500 $3,880,000
2015 $67,415 $3,411,000 $39,500 $3,371,500
2014 -- $3,335,000 $39,500 $3,295,500
Source: Public Records

Agents Affiliated with this Home

  • Tim Carson

    Seller's Agent in 2023

    Tim Carson

    DRG

    (612) 978-7385

    1 Total Sale

    Tim Carson
    Section Image
  • Elisabeth Lucas

    Seller's Agent in 2023

    Elisabeth Lucas

    Coldwell Banker Burnet

    (612) 327-5905

    2 in this area

    105 Total Sales

    Elisabeth Lucas
    Section Image

  • P

    Seller Co-Listing Agent in 2023

    Patrick Carson

    DRG

    (612) 254-0149

    4 in this area

    167 Total Sales

    Patrick Carson
    Section Image
  • Lori Schneck

    Seller Co-Listing Agent in 2023

    Lori Schneck

    Coldwell Banker Burnet

    (612) 868-4230

    2 in this area

    86 Total Sales

    Lori Schneck
    Section Image
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About Phoenix on the River

Map

Minnesota Hennepin County Minneapolis 55414 Marcy-Holmes

222 2nd St SE Unit 1703, Minneapolis, MN

This home is located at 222 2nd St SE Unit 1703, Minneapolis, MN 55414 and is currently estimated at $3,318,270, approximately $587 per square foot. 222 2nd St SE Unit 1703 is a home located in Hennepin County with nearby schools including Webster Elementary, Northeast Middle School, and Thomas Edison High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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