Seller's Agent in 2024
Christopher Friend
Edina Realty, Inc.
(612) 827-5847
17 in this area
184 Total Sales
2845 Colfax Ave S Unit W403 Minneapolis, MN 55408
Lowry Hill East NeighborhoodEstimated Value: $335,000 - $424,000
1
Bed
1.5
Baths
1,053
Sq Ft
$456/mo
HOA Fee
Highlights
- Deck
- Elevator
- 1 Car Attached Garage
- Community Garden
- Stainless Steel Appliances
- Walk-In Closet
About This Home
As of July 2024Welcome to this extraordinary top-floor, west-facing unit in the award-winning Midtown Lofts. This spacious gem boasts a 35’ great room, 10’ ceilings, bamboo floors, and oversized windows flooding it with light. Over $75k in updates include a remodeled kitchen with Wolf range, quartz countertops, subway tile backsplash, desk area, and a wall of custom cabinetry in the living room. Cozy gas fireplace & treetop balcony. Newer furnace, H2O heater, washer & dryer. The original 2-bed floorplan was thoughtfully modified to maximize entertaining space but could be converted back. Enjoy a courtyard & fountain, car-wash area, dog run & herb garden. Low dues - solar panels reduce common electric costs. Perched above the Midtown Greenway, a beloved rails-to-trails path stretching from the Mississippi River to the Chain of Lakes, this location is a dream for outdoor enthusiasts but is also just steps to a vibrant array of pubs, restaurants, stores & public transport. Walk & Bike Scores of 96 & 94!
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $4,689
Year Built
- Built in 2004
HOA Fees
- $456 Monthly HOA Fees
Parking
- 1 Car Attached Garage
- Parking Storage or Cabinetry
- Heated Garage
- Garage Door Opener
- Assigned Parking
Interior Spaces
- 1,053 Sq Ft Home
- 1-Story Property
- Entrance Foyer
- Living Room
- Utility Room
Kitchen
- Range
- Dishwasher
- Stainless Steel Appliances
- Disposal
Bedrooms and Bathrooms
- 1 Bedroom
- Walk-In Closet
Laundry
- Dryer
- Washer
Home Security
Additional Features
- Deck
- Additional Parcels
- Forced Air Heating and Cooling System
Listing and Financial Details
- Assessor Parcel Number 3302924440216
Community Details
Overview
- Association fees include maintenance structure, hazard insurance, lawn care, ground maintenance, parking, 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
- Elevator
Security
- Fire Sprinkler System
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 25, 2024
Closed on
Jul 2, 2024
Sold by
Forsythe James and Forsythe Yvonne
Bought by
Clement Sara Ryung
Seller's Agent
Christopher Friend
Edina Realty, Inc.
Buyer's Agent
Tamara Holmes
Edina Realty, Inc.
List Price
$375,000
Sold Price
$345,000
Premium/Discount to List
-$30,000
-8%
Views
18
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
$24,411
Avg. Annual Appreciation
2.54%
Original Mortgage
$276,000
Outstanding Balance
$272,877
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
$83,015
Purchase Details
Closed on
Mar 25, 2005
Sold by
Midtown Lofts Llc
Bought by
Forsythe James and Forsythe Yvonne
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 |
|---|---|---|---|
| Clement Sara Ryung | $345,000 | Edina Realty Title | |
| Forsythe James | $311,048 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Clement Sara Ryung | $276,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/03/2024 07/03/24 | Sold | $345,000 | -4.2% | $328 / Sq Ft |
| 04/23/2024 04/23/24 | Pending | -- | -- | -- |
| 02/28/2024 02/28/24 | Price Changed | $360,000 | -4.0% | $342 / Sq Ft |
| 01/26/2024 01/26/24 | For Sale | $375,000 | -- | $356 / 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 |
|---|---|---|---|---|
| 2024 | $4,463 | $316,000 | $30,000 | $286,000 |
| 2023 | $4,455 | $346,000 | $6,000 | $340,000 |
| 2022 | $4,896 | $346,000 | $6,000 | $340,000 |
| 2021 | $4,732 | $356,500 | $6,000 | $350,500 |
| 2020 | $5,123 | $356,500 | $6,000 | $350,500 |
| 2019 | $4,950 | $356,500 | $6,000 | $350,500 |
| 2018 | $4,621 | $336,500 | $6,000 | $330,500 |
| 2017 | $4,537 | $302,500 | $6,000 | $296,500 |
| 2016 | $4,452 | $289,000 | $6,000 | $283,000 |
| 2015 | $4,063 | $251,000 | $6,000 | $245,000 |
| 2014 | -- | $235,000 | $6,000 | $229,000 |
Source: Public Records
Agents Affiliated with this Home
-
Christopher Friend
-
Tamara Holmes
Buyer's Agent in 2024
Tamara Holmes
Edina Realty, Inc.
(952) 927-1118
1 in this area
94 Total Sales
Map
Source: NorthstarMLS
MLS Number: 6481677
APN: 33-029-24-44-0216
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