NOT LISTED FOR SALE

400 Groveland Ave Unit 1007 Minneapolis, MN 55403

Loring Park Neighborhood

Estimated Value: $165,000 - $240,000

2 Beds
1.5 Baths
1,088 Sq Ft
$540/mo HOA Fee

Last Sold May 06, 2024

Last sale price $150,000 $138 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $1,749/month

162 Days on Market

Highlights

  • 24-Hour Guard
  • City View
  • Parking Garage
  • Outdoor Pool
  • 87,861 Sq Ft lot
  • 1 Car Attached Garage

About This Home

As of May 2024

Welcome to Summit House, unit #1007! This lovely 2 bed, 2 bath space is located in the heart of Loring Park. Surrounded by beautiful views, museums, parks, restaurants, and more. This spacious unit features original parquet hardwood floors, beautiful city views, and a highly desirable parking space near the elevator (space #130). HOA includes gas, electric, water, sewer, garbage, cable and internet. Building amenities: roof top pool, community room, fitness center, heated underground parking, guest parking in front of each building, laundry on every floor and right outside your front door, as well as a 24-hour concierge.

Last Agent to Sell the Property

Cheri Welle

Keller Williams Premier Realty Lake Minnetonka Listed on: 10/31/2023

Keller Williams Premier Realty Lake Minnetonka

Last Buyer's Agent

Rochelle Johnson

RE/MAX Advantage Plus

RE/MAX Advantage Plus

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,022

Year Built

  • Built in 1968

Lot Details

  • 2.02

HOA Fees

  • $540 Monthly HOA Fees

Parking

  • Parking Garage

Interior Spaces

  • 1,088 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Dining Room
  • City Views

Kitchen

  • Cooktop
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms

Home Security

Accessible Home Design

  • Accessible Elevator Installed

Outdoor Features

  • Outdoor Pool
  • Patio

Utilities

  • Forced Air Heating and Cooling System
  • Vented Exhaust Fan
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 2702924330262

Community Details

Overview

  • Association fees include air conditioning, maintenance structure, cable TV, controlled access, gas, hazard insurance, heating, internet, lawn care, ground maintenance, professional mgmt, trash, security, shared amenities, snow removal, water
  • First Residential Association, Phone Number (612) 871-6110
  • High-Rise Condominium
  • Condo 0222 Summit House A Condo Subdivision

Recreation

  • Community Pool

Building Details

  • Security

Security

  • 24-Hour Guard
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,022

Year Built

Built in 1968

Lot Details

0

HOA Fees

$540 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
  • Water Source: City Water - In Street
  • Association Amenities: Guard - 24 Hour, Concrete Floors & Walls, Elevator(s), Fire Sprinkler System, Security
  • Fee Frequency: Monthly
  • Year Built: 1968
  • Above Grade Finished Sq Ft: 1088
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • InternetOptions: Cable
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Basement: None
  • Appliances: Cooktop, Dishwasher, Disposal, Exhaust Fan, Refrigerator
  • Living Area: 1088
  • Fireplace: No
  • Basement YN: No
  • Dining Room Type: Dining Room, Living Room, Kitchen, Bedroom 1, Bedroom 2, Patio
  • Shared Rooms: Club House,Community Room,Exercise Room

Beds/Baths

  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 2

Exterior Features

  • Roof: Age 8 Years or Less
  • PoolFeatures: Outdoor Pool, Shared
  • Neighborhood: Loring Park

Garage/Parking

  • Parking Features: Attached Garage, Parking Garage, Underground

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer - In Street
  • Electric: Circuit Breakers
  • Fuel: Natural Gas

Condo/Co-op/Association

  • HOA Fee Includes: Air Conditioning, Maintenance Structure, Cable TV, Controlled Access, Gas, Hazard Insurance, Heating, Internet, Lawn Care, Maintenance Grounds, Professional Mgmt, Trash, Security, Shared Amenities, Snow Removal, Water
  • Phone: 612-871-6110
  • Association Fee: 540
  • Association: Yes
  • Amenities Unit: Balcony,Cable,City View,Exercise Room,Hardwood Floors,Main Floor Primary Bedroom,Panoramic View,Tile Floors

Association/Amenities

  • HOA Management Co: First Residential

Schools

  • Junior High Dist: Minneapolis
  • SchoolDistrictNumber: 1
  • SchoolDistrictPhone: 612-668-0000

Lot Info

  • PropertyAttachedYN: Yes
  • Lot Size: Common
  • Lot Size Sq Ft: 87860.52
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Brick/Stone

Tax Info

  • Tax Year: 2023
  • Assessor Parcel Number: 2702924330262
  • Tax Annual Amount: 2022
  • TaxWithAssessments: 6680.0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 31, 2023
Closed on
May 6, 2024
Sold by
Ladenson Diane
Bought by
Levis Brenda
Seller's Agent
Cheri Welle
Keller Williams Premier Realty Lake Minnetonka
Buyer's Agent
Rochelle Johnson
RE/MAX Advantage Plus
List Price
$189,900
Sold Price
$150,000
Premium/Discount to List
-$39,900
-21.01%
Views
149
Current Estimated Value
$193,563

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$43,563
Avg. Annual Appreciation
18.94%
Original Mortgage
$112,500
Outstanding Balance
$110,920
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
$82,643
Source: Public Records

Range of Values:

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Average Value
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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
Levis Brenda $150,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Levis Brenda $112,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/06/2024 05/06/24 Sold $150,000 -16.6% $138 / Sq Ft
04/12/2024 04/12/24 Pending -- -- --
01/28/2024 01/28/24 Price Changed $179,900 -5.3% $165 / Sq Ft
01/04/2024 01/04/24 For Sale $189,900 +26.6% $175 / Sq Ft
12/18/2023 12/18/23 Off Market $150,000 -- --
11/14/2023 11/14/23 Price Changed $189,900 -5.0% $175 / Sq Ft
11/02/2023 11/02/23 For Sale $199,900 -- $184 / 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 $6,559 $156,000 $20,000 $136,000
2023 $6,437 $156,000 $19,000 $137,000
2022 $6,845 $172,000 $17,000 $155,000
2021 $2,318 $176,000 $16,000 $160,000
2020 $2,191 $190,000 $12,200 $177,800
2019 $2,154 $169,500 $8,100 $161,400
2018 $1,992 $163,000 $8,100 $154,900
2017 $2,177 $160,500 $8,100 $152,400
2016 $2,104 $152,000 $8,100 $143,900
2015 $2,156 $149,000 $8,100 $140,900
2014 -- $133,000 $8,100 $124,900
Source: Public Records

Agents Affiliated with this Home

  • Cheri Welle

    Seller's Agent in 2024

    Cheri Welle

    Keller Williams Premier Realty Lake Minnetonka

    (763) 742-3401

    1 in this area

    136 Total Sales

    Cheri Welle
    Section Image
  • Rochelle Johnson

    Buyer's Agent in 2024

    Rochelle Johnson

    RE/MAX Advantage Plus

    (612) 590-8362

    1 in this area

    133 Total Sales

    Rochelle Johnson
    Section Image
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Map

Source: NorthstarMLS

MLS Number: 6434614

NorthstarMLS

APN: 27-029-24-33-0262

Minnesota Hennepin County Minneapolis 55403 Loring Park

400 Groveland Ave Unit 1007, Minneapolis, MN

This home is located at 400 Groveland Ave Unit 1007, Minneapolis, MN 55403 since 31 October 2023 and is currently estimated at $193,563, approximately $177 per square foot. This property was built in 1968. 400 Groveland Ave Unit 1007 is a home located in Hennepin County with nearby schools including Kenwood Elementary School, Anwatin Middle School, and North High School.

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