NOT LISTED FOR SALE

2845 Colfax Ave S Unit W106 Minneapolis, MN 55408

Lowry Hill East Neighborhood

Estimated Value: $323,028 - $361,000

2 Beds
1 Bath
1,000 Sq Ft
$415/mo HOA Fee

Last Sold August 27, 2024

Last sale price $342,000 $342 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $2,594/month

12 Days on Market

Highlights

  • Main Floor Primary Bedroom
  • Stainless Steel Appliances
  • Porch
  • Community Garden
  • The kitchen features windows
  • Living Room

About This Home

As of August 2024

Due to relocation, this exceptional space at Midtown Lofts is now available. It boasts high ceilings, polished concrete floors, and large windows that flood this space with natural light. Live luxuriously with quartz countertops, stainless steel appliances, a central kitchen island, an in-unit washer/dryer, and a private patio for grilling or relaxing. The living room is bright and open. The natural light flooding this wonderful space can be easily personalized with top-down blinds. Originally designed as a 1-bedroom, it has been cleverly reconfigured to maximize entertainment, office, and bedroom areas, with easy conversion options to suit your preferences. Make life easy...willing to sell fully furnished! Enjoy community amenities like a peaceful courtyard, car wash station, dog run, and more. With low maintenance fees and solar panels reducing electricity costs, this home offers both sustainability and affordability. Positioned above the Midtown Greenway, it’s perfect for outdoor enthusiasts in an urban environment.

Last Agent to Sell the Property

Mike Weiland

Keller Williams Premier Realty Lake Minnetonka Listed on: 07/08/2024

Keller Williams Premier Realty Lake Minnetonka

Co-Listed By

Elke Stephan

Keller Williams Premier Realty Lake Minnetonka

Last Buyer's Agent

Sean Schellsmidt

eXp Realty

eXp Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,850

Year Built

  • Built in 2004

Lot Details

  • Sprinkler System
  • Additional Parcels

HOA Fees

  • $415 Monthly HOA Fees

Parking

  • 1 Car Garage

Home Design

  • Split Level Home
  • Wood Siding

Interior Spaces

  • 1,000 Sq Ft Home
  • Entrance Foyer
  • Living Room

Kitchen

  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • The kitchen features windows

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom on Main
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Home Security

Accessible Home Design

  • Accessible Elevator Installed
  • No Interior Steps

Additional Features

  • Porch
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 3302924440179

Community Details

Overview

  • Association fees include maintenance structure, controlled access, hazard insurance, lawn care, ground maintenance, professional mgmt, trash, shared amenities, snow removal, water
  • First Service Residential Association, Phone Number (952) 277-2700
  • High-Rise Condominium
  • Cic 1298 Midtown Lofts Condo Subdivision
  • Car Wash Area

Amenities

  • Community Garden
  • Lobby

Additional Features

  • Security
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,850

Year Built

Built in 2004

Lot Details

0

HOA Fees

$415 per month

Parking

1

Listing Details

  • Type: Residential
  • Property Subtype 1: High Rise
  • Cooling System: Central Air
  • Garage Spaces: 1
  • Accessibility Features: Accessible Elevator Installed, Door Lever Handles, No Stairs Internal
  • Water Source: City Water/Connected
  • Association Amenities: Car Wash, Common Garden, Elevator(s), Fire Sprinkler System, In-Ground Sprinkler System, Lobby Entrance, Security
  • Fee Frequency: Monthly
  • Year Built: 2004
  • Above Grade Finished Sq Ft: 1000
  • Unit Levels: Four or More Level Split
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Basement: None
  • Appliances: Dishwasher, Dryer, Microwave, Refrigerator, Stainless Steel Appliances, Washer
  • Living Area: 1000
  • Fireplace: No
  • Basement YN: No
  • Dining Room Type: Living Room, Kitchen, Bedroom 1, Bedroom 2, Foyer, Porch

Beds/Baths

  • Full Bathrooms: 1
  • Total Bedrooms: 2

Exterior Features

  • Neighborhood: Lowry Hill East
  • PatioPorchType: Covered,Side Porch,Wrap Around

Garage/Parking

  • Parking Features: Assigned, Underground

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • Electric: Circuit Breakers
  • Fuel: Natural Gas
  • Power Company: Xcel Energy

Condo/Co-op/Association

  • HOA Fee Includes: Maintenance Structure, Controlled Access, Hazard Insurance, Lawn Care, Maintenance Grounds, Professional Mgmt, Trash, Shared Amenities, Snow Removal, Water
  • Phone: 952-277-2700
  • Association Fee: 415
  • Association: Yes
  • Amenities Unit: Cable,Indoor Sprinklers,Kitchen Center Island,Kitchen Window,Local Area Network,Main Floor Primary Bedroom,Porch,In-Ground Sprinkler

Association/Amenities

  • HOA Management Co: First Service Residential

Schools

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

Lot Info

  • PropertyAttachedYN: Yes
  • Lot Size: 0
  • Land Lease: No
  • Additional Parcels: Yes
  • Zoning Description: Residential-Single Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Brick/Stone, Stucco, Wood Siding

Tax Info

  • Tax Year: 2024
  • Assessor Parcel Number: 3302924440179
  • Tax Annual Amount: 3850
  • TaxWithAssessments: 3850.0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 8, 2024
Closed on
Aug 27, 2024
Sold by
Clausen Lloyd
Bought by
Pollie Myles and Buck Jonas
Seller's Agent
Mike Weiland
Keller Williams Premier Realty Lake Minnetonka
Buyer's Agent
Sean Schellsmidt
eXp Realty
List Price
$349,900
Sold Price
$342,000
Premium/Discount to List
-$7,900
-2.26%
Views
2
Current Estimated Value
$347,507

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,507
Avg. Annual Appreciation
1.22%
Original Mortgage
$295,304
Outstanding Balance
$294,053
Interest Rate
6.89%
Mortgage Type
New Conventional
Estimated Equity
$53,454

Purchase Details

Listed on
Jul 8, 2024
Closed on
Aug 26, 2024
Sold by
Clausen Lloyd M
Bought by
Pollie Myles and Buck Jonas
Seller's Agent
Mike Weiland
Keller Williams Premier Realty Lake Minnetonka
Buyer's Agent
Sean Schellsmidt
eXp Realty
List Price
$349,900
Sold Price
$342,000
Premium/Discount to List
-$7,900
-2.26%
Views
2

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$295,304
Outstanding Balance
$294,053
Interest Rate
6.89%
Mortgage Type
New Conventional
Estimated Equity
$53,454

Purchase Details

Closed on
Nov 16, 2022
Sold by
Kumar Siddhant
Bought by
Clausen Lloyd M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$247,920
Interest Rate
6.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 6, 2012
Sold by
Nelson Casey L and Nelson Amy
Bought by
Kumar Siddhant

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
2.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 13, 2005
Sold by
Midtown Lofts Llc
Bought by
Nelson Casey L
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Pollie Myles $342,000 --
Pollie Myles $342,000 First American Title
Clausen Lloyd M $309,900 Trademark Title
Kumar Siddhant $236,500 Minnesota Abstract & Title
Nelson Casey L $274,151 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pollie Myles $295,304
Closed Pollie Myles $307,800
Previous Owner Clausen Lloyd M $247,920
Previous Owner Kumar Siddhant $135,000
Previous Owner Nelson Casey L $256,000
Previous Owner Nelson Casey L $8,027
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/27/2024 08/27/24 Sold $342,000 -2.3% $342 / Sq Ft
07/21/2024 07/21/24 Pending -- -- --
07/09/2024 07/09/24 For Sale $349,900 -- $350 / 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 $4,223 $301,000 $30,000 $271,000
2023 $3,850 $303,000 $5,500 $297,500
2022 $4,208 $303,000 $5,500 $297,500
2021 $4,069 $312,000 $5,500 $306,500
2020 $4,666 $312,000 $5,500 $306,500
2019 $4,510 $328,500 $5,500 $323,000
2018 $4,202 $310,000 $5,500 $304,500
2017 $4,025 $272,500 $5,500 $267,000
2016 $3,948 $260,500 $5,500 $255,000
2015 $3,591 $226,000 $5,500 $220,500
2014 -- $212,000 $5,500 $206,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6565597

NorthstarMLS

APN: 33-029-24-44-0179