2845 Colfax Ave S Unit W404 Minneapolis, MN 55408
Lowry Hill East NeighborhoodEstimated Value: $493,000 - $596,000
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%
Total Days on Market
96
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
$7,937
Avg. Annual Appreciation
0.91%
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
Similar Homes in the area
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 | $355,750 | |
| Closed | Taylor Michael K | $415,800 | |
| Previous Owner | Brower Peter S | $115,000 | |
| Previous Owner | Brower Peter S | $10,000 |
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 |
|---|---|---|---|---|
| 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
Seller's Agent in 2023
Christopher Friend
Edina Realty, Inc.
(612) 827-5847
15 in this area
186 Total Sales
-
Angela Truelsen
Buyer's Agent in 2023
Angela Truelsen
Coldwell Banker Realty
(312) 513-3397
1 in this area
32 Total Sales
Map
Source: NorthstarMLS
MLS Number: 6372683
APN: 33-029-24-44-0217
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