2845 Colfax Ave S Unit W107 Minneapolis, MN 55408
Lowry Hill East NeighborhoodEstimated Value: $320,000 - $342,000
1
Bed
1.5
Baths
1,042
Sq Ft
$416/mo
HOA Fee
Highlights
- Deck
- 1 Car Attached Garage
- Forced Air Heating and Cooling System
- Home Office
- Patio
- Combination Dining and Living Room
About This Home
As of March 2023If you like outdoor space, this one's for you … an incredible 240sf of outdoor space between a private patio & 2nd floor balcony! This luxury 1 bedroom + office, loft-style condo in the green-inspired & award-winning Midtown Lofts boasts an architecturally distinct design showcasing high ceilings, concrete & bamboo floors, soaring low-e windows, and a custom cast iron beam & metal railing staircase. Home features a large owner's suite perched in the treetops over the Midtown Greenway, an owner's ensuite with separate shower & jetted tub, and a chef-friendly kitchen with honed granite countertops. Amenities include a courtyard & fountain, car wash, dog run, herb garden & solar to keep dues lower. Tucked between Lyn-Lake & Uptown you are just steps to the Midtown Greenway & close to lakes, bars & restaurants, shops, public transport, gyms & more. Walk Score 98 & Bike Score 97, a Walker's & Biker's Paradise! BUY WITH CONFIDENCE – 1 year American Home Shield "Plus" home warranty provided!
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $4,961
Year Built
- Built in 2004
Lot Details
- 0.83
HOA Fees
- $416 Monthly HOA Fees
Parking
- 1 Car Attached Garage
- Heated Garage
- Garage Door Opener
- Assigned Parking
- Secure Parking
Home Design
- Flat Roof Shape
Interior Spaces
- 1,042 Sq Ft Home
- 2-Story Property
- Combination Dining and Living Room
- Home Office
Kitchen
- Range
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 1 Bedroom
Laundry
- Dryer
- Washer
Outdoor Features
- Deck
- Patio
Additional Features
- Additional Parcels
- Forced Air Heating and Cooling System
Community Details
- Association fees include maintenance structure, hazard insurance, lawn care, ground maintenance, professional mgmt, trash, shared amenities, snow removal, water
- First Service Residential Association, Phone Number (612) 843-0433
- High-Rise Condominium
- Cic 1298 Midtown Lofts Condo Subdivision
Listing and Financial Details
- Assessor Parcel Number 3302924440180
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 4, 2022
Closed on
Feb 21, 2023
Sold by
Nelson Christian
Bought by
Gronhovd Veronique Jean
Seller's Agent
Christopher Friend
Edina Realty, Inc.
Buyer's Agent
Christopher Friend
Edina Realty, Inc.
List Price
$350,000
Sold Price
$309,900
Premium/Discount to List
-$40,100
-11.46%
Total Days on Market
173
Views
27
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$24,846
Avg. Annual Appreciation
3.47%
Original Mortgage
$300,603
Outstanding Balance
$292,840
Interest Rate
6.13%
Mortgage Type
New Conventional
Estimated Equity
$41,906
Purchase Details
Closed on
Jun 3, 2014
Sold by
Latour David David
Bought by
Nelson Christian Christian
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$292,000
Interest Rate
4.12%
Purchase Details
Closed on
Apr 16, 2010
Sold by
Winter Stephanie and Winter Chad J
Bought by
Latour David Alan
Purchase Details
Closed on
May 26, 2005
Sold by
Midtown Lofts Llc
Bought by
Winter Chad J
Similar Homes in Minneapolis, MN
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Gronhovd Veronique Jean | $309,900 | Edina Realty Title | |
| Nelson Christian Christian | $292,000 | -- | |
| Latour David Alan | $265,000 | -- | |
| Winter Chad J | $317,126 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Gronhovd Veronique Jean | $300,603 | |
| Previous Owner | Nelson Christian Christian | $292,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/03/2023 03/03/23 | Sold | $309,900 | 0.0% | $297 / Sq Ft |
| 01/24/2023 01/24/23 | Pending | -- | -- | -- |
| 01/17/2023 01/17/23 | Price Changed | $309,900 | -3.1% | $297 / Sq Ft |
| 11/26/2022 11/26/22 | Price Changed | $319,900 | -5.9% | $307 / Sq Ft |
| 09/29/2022 09/29/22 | Price Changed | $339,900 | -2.9% | $326 / Sq Ft |
| 08/04/2022 08/04/22 | For Sale | $350,000 | -- | $336 / Sq Ft |
Source: NorthstarMLS
Tax History Compared to Growth
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 | $4,211 | $330,000 | $6,000 | $324,000 |
| 2022 | $4,711 | $330,000 | $6,000 | $324,000 |
| 2021 | $4,553 | $340,000 | $6,000 | $334,000 |
| 2020 | $5,192 | $340,000 | $6,000 | $334,000 |
| 2019 | $5,041 | $358,000 | $6,000 | $352,000 |
| 2018 | $4,624 | $337,500 | $6,000 | $331,500 |
| 2017 | $4,332 | $291,000 | $6,000 | $285,000 |
| 2016 | $4,256 | $278,500 | $6,000 | $272,500 |
| 2015 | $3,893 | $241,500 | $6,000 | $235,500 |
| 2014 | -- | $226,500 | $6,000 | $220,500 |
Source: Public Records
Agents Affiliated with this Home
-
Christopher Friend
Seller's Agent in 2023
Christopher Friend
Edina Realty, Inc.
(612) 827-5847
15 in this area
187 Total Sales
Map
Source: NorthstarMLS
MLS Number: 6244806
APN: 33-029-24-44-0180
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