Seller's Agent in 2023
Christopher Friend
Edina Realty, Inc.
(612) 827-5847
17 in this area
184 Total Sales
2845 Colfax Ave S Unit W404 Minneapolis, MN 55408
Lowry Hill East NeighborhoodEstimated Value: $496,000 - $566,000
2
Beds
2
Baths
1,516
Sq Ft
$616/mo
HOA Fee
Highlights
- 1 Fireplace
- Community Garden
- 2 Car Attached Garage
- Home Office
- Elevator
- Living Room
About This Home
As of October 2023$25K PRICE DROP + $10K offered towards CLOSING COSTS or an INTEREST RATE BUY-DOWN on this top-floor corner unit in the award-winning & green-inspired Midtown Lofts. This southwest-facing sun-drenched condo is perched above the Midtown Greenway, a rails-to-trails path stretching from the Minneapolis Chain of Lakes to the Mississippi River. So, step onto one of TWO balconies to enjoy treetop & skyline views. This unit boasts 10' ceilings, oversized windows, a honed-granite island, a walk-in pantry, beautiful built-ins & a stunning wrap-around balcony. The spacious owner's suite has a cozy balcony and an ensuite with a separate shower & tub. Newer carpet, furnace, H2O heater & refrigerator. Side-by-side parking stalls + storage. Amenities include a courtyard & fountain, car-wash area, dog run & herb garden. Low dues & solar panels reduce common electric costs. This great location is steps to parks, pubs & restaurants, stores, public transport, gyms & more. Walk Score 96 & Bike Score 94!
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $6,229
Year Built
- Built in 2004
Lot Details
- 0.83
HOA Fees
- $616 Monthly HOA Fees
Parking
- 2 Car Attached Garage
- Parking Storage or Cabinetry
- Heated Garage
- Insulated Garage
- Garage Door Opener
- Assigned Parking
- Secure Parking
Interior Spaces
- 1,516 Sq Ft Home
- 1-Story Property
- 1 Fireplace
- Entrance Foyer
- Living Room
- Combination Kitchen and Dining Room
- Home Office
Kitchen
- Range
- Microwave
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 2 Bedrooms
Laundry
- Dryer
- Washer
Home Security
Utilities
- Forced Air Heating and Cooling System
Listing and Financial Details
- Assessor Parcel Number 3302924440217
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
- Elevator
Security
- Fire Sprinkler System
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 18, 2023
Closed on
Sep 21, 2023
Sold by
Brower Peter S and Brower Leslie M
Bought by
Taylor Michael K
Seller's Agent
Christopher Friend
Edina Realty, Inc.
Buyer's Agent
Angela Truelsen
Coldwell Banker Realty
List Price
$575,000
Sold Price
$519,800
Premium/Discount to List
-$55,200
-9.6%
Views
84
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
$47
Avg. Annual Appreciation
-0.72%
Original Mortgage
$415,800
Interest Rate
7.18%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 24, 2005
Sold by
Midtown Lofts Llc
Bought by
Brower Peter S and Modrack Leslie M
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 |
|---|---|---|---|
| Taylor Michael K | $519,800 | Edina Realty Title | |
| Brower Peter S | $489,185 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Taylor Michael K | $415,800 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/04/2023 10/04/23 | Sold | $519,800 | -5.5% | $343 / Sq Ft |
| 08/22/2023 08/22/23 | Pending | -- | -- | -- |
| 07/10/2023 07/10/23 | Price Changed | $550,000 | -4.3% | $363 / Sq Ft |
| 05/18/2023 05/18/23 | For Sale | $575,000 | -- | $379 / 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 | $6,879 | $468,000 | $30,000 | $438,000 |
| 2023 | $6,175 | $474,000 | $8,500 | $465,500 |
| 2022 | $6,769 | $474,000 | $8,500 | $465,500 |
| 2021 | $6,542 | $488,500 | $8,500 | $480,000 |
| 2020 | $7,085 | $488,500 | $8,500 | $480,000 |
| 2019 | $6,885 | $488,500 | $8,500 | $480,000 |
| 2018 | $6,477 | $461,000 | $8,500 | $452,500 |
| 2017 | $6,396 | $415,500 | $8,500 | $407,000 |
| 2016 | $6,305 | $397,000 | $8,500 | $388,500 |
| 2015 | $5,796 | $345,000 | $8,500 | $336,500 |
| 2014 | -- | $323,500 | $8,500 | $315,000 |
Source: Public Records
Agents Affiliated with this Home
-
Christopher Friend
-
Angela Truelsen
Buyer's Agent in 2023
Angela Truelsen
Coldwell Banker Realty
(312) 513-3397
1 in this area
36 Total Sales
Map
Source: NorthstarMLS
MLS Number: 6372683
APN: 33-029-24-44-0217
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