NOT LISTED FOR SALE

400 Groveland Ave Unit 607 Minneapolis, MN 55403

Loring Park Neighborhood

Estimated Value: $168,000 - $239,000

2 Beds
1.5 Baths
1,088 Sq Ft
$544/mo HOA Fee

Last Sold June 20, 2023

Last sale price $179,000 $165 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $1,765/month

11 Days on Market

Highlights

  • 24-Hour Guard
  • City View
  • Elevator
  • Outdoor Pool
  • Deck
  • Living Room

About This Home

As of June 2023

Welcome to Summit House, unit #607! 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, updated countertops, updated bathrooms, and a highly desirable parking space near the elevator (space #108). 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 a 24-hour concierge.

Last Agent to Sell the Property

Alexandra Ross

RE/MAX Results Listed on: 05/30/2023

RE/MAX Results

Last Buyer's Agent

Jacqueline Nwaiwu

RE/MAX Results

RE/MAX Results

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1968

Lot Details

  • Additional Parcels

HOA Fees

  • $544 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Heated Garage
  • Insulated Garage
  • Secure Parking

Home Design

  • Flat Roof Shape

Interior Spaces

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

Kitchen

  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms

Home Security

Outdoor Features

  • Outdoor Pool
  • Deck

Utilities

  • Central Air
  • Heat Pump System

Listing and Financial Details

  • Assessor Parcel Number 2702924330206

Community Details

Overview

  • Association fees include air conditioning, maintenance structure, cable TV, controlled access, electricity, gas, hazard insurance, heating, internet, lawn care, ground maintenance, parking, professional mgmt, trash, security, shared amenities, snow removal, water
  • First Service Residential Association, Phone Number (952) 277-2700
  • High-Rise Condominium
  • Condo 0222 Summit House A Condo Subdivision

Amenities

  • Laundry Facilities
  • Elevator
  • Lobby

Recreation

  • Community Pool

Building Details

  • Security

Security

  • 24-Hour Guard
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Year Built

Built in 1968

Lot Details

0

HOA Fees

$544 per month

Parking

1

Listing Details

  • Type: Residential
  • Property Subtype 1: High Rise
  • Cooling System: Central Air
  • Garage Spaces: 1
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Association Amenities: Guard - 24 Hour, Laundry, Concrete Floors & Walls, Elevator(s), Fire Sprinkler System, Lobby Entrance, Security
  • Fee Frequency: Monthly
  • Year Built: 1968
  • Above Grade Finished Sq Ft: 1088
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Basement: None
  • Appliances: Dishwasher, Microwave, Range, Refrigerator
  • Living Area: 1088
  • Fireplace: No
  • Basement YN: No
  • Dining Room Type: Living Room, Dining Room, Kitchen, Bedroom 1, Bedroom 2, Deck
  • Shared Rooms: Amusement/Party Room,Community Room,Exercise Room

Beds/Baths

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

Exterior Features

  • Roof: Flat
  • PoolFeatures: Outdoor Pool, Shared
  • Fencing: None
  • Neighborhood: Loring Park
  • PatioPorchType: Deck

Garage/Parking

  • Parking Features: Assigned, Heated Garage, Insulated Garage, Secured, Underground

Utilities

  • Heating: Heat Pump
  • Sewer: City Sewer/Connected
  • Fuel: Natural Gas

Condo/Co-op/Association

  • HOA Fee Includes: Air Conditioning, Maintenance Structure, Cable TV, Controlled Access, Electricity, Gas, Hazard Insurance, Heating, Internet, Lawn Care, Maintenance Grounds, Parking, Professional Mgmt, Trash, Security, Shared Amenities, Snow Removal, Water
  • Phone: 952-277-2700
  • Association Fee: 544
  • Association: Yes
  • Amenities Unit: City View,Deck,Exercise Room,Hardwood Floors,Indoor Sprinklers,Main Floor Primary Bedroom,Natural Woodwork,Tile Floors

Association/Amenities

  • HOA Management Co: First Service Residential

Schools

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

Lot Info

  • PropertyAttachedYN: Yes
  • Lot Size: common
  • Land Lease: No
  • Additional Parcels: Yes
  • Zoning Description: Residential-Multi-Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Brick/Stone

Tax Info

  • Tax Year: 2023
  • Assessor Parcel Number: 2702924330206
  • Tax Annual Amount: 6779
  • TaxWithAssessments: 6779.4600

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 26, 2017
Sold by
Narr James G
Bought by
Richard Kevin and Ward Richard Courtney
Current Estimated Value
$195,808

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,463,250
Outstanding Balance
$1,233,545
Interest Rate
3.9%
Mortgage Type
Reverse Mortgage Home Equity Conversion Mortgage
Estimated Equity
-$1,037,737

Purchase Details

Closed on
May 27, 2011
Sold by
Linterieur Antoine
Bought by
Narr James G

Purchase Details

Closed on
Mar 24, 2006
Sold by
Caberallo Llc
Bought by
Linterieur Antoine

Purchase Details

Closed on
Jan 4, 2004
Sold by
Collier Financial Services Inc
Bought by
Caberallo Llc

Purchase Details

Closed on
Oct 27, 2000
Sold by
Watson Jay C
Bought by
Mcphail Phillip M

Purchase Details

Closed on
Jun 26, 2000
Sold by
Jean M Long Trust
Bought by
Watson Jay C
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
Richard Kevin $159,250 Edgewater Title Group Llc
Narr James G $155,000 --
Linterieur Antoine $204,900 --
Caberallo Llc $151,000 --
Mcphail Phillip M $164,900 --
Watson Jay C $131,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Richard Kevin $1,463,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/20/2023 06/20/23 Sold $179,000 0.0% $165 / Sq Ft
06/12/2023 06/12/23 Pending -- -- --
06/01/2023 06/01/23 For Sale $179,000 -- $165 / 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 $6,736 $167,000 $20,000 $147,000
2023 $6,592 $167,000 $19,000 $148,000
2022 $7,139 $179,000 $17,000 $162,000
2021 $2,394 $179,000 $16,000 $163,000
2020 $2,319 $179,000 $13,100 $165,900
2019 $2,710 $160,000 $8,700 $151,300
2018 $2,267 $181,500 $8,700 $172,800
2017 $2,475 $178,500 $8,700 $169,800
2016 $2,405 $169,500 $8,700 $160,800
2015 $2,463 $166,000 $8,700 $157,300
2014 -- $146,000 $8,700 $137,300
Source: Public Records

Agents Affiliated with this Home

  • Alexandra Ross

    Seller's Agent in 2023

    Alexandra Ross

    RE/MAX Results

    (763) 516-1661

    2 in this area

    36 Total Sales

    Alexandra Ross
    Section Image

  • J

    Buyer's Agent in 2023

    Jacqueline Nwaiwu

    RE/MAX Results

    (651) 366-2353

    1 in this area

    21 Total Sales

    Jacqueline Nwaiwu
    Section Image
See All Agents

Map

Source: NorthstarMLS

MLS Number: 6364935

NorthstarMLS

APN: 27-029-24-33-0206

Minnesota Hennepin County Minneapolis 55403 Loring Park

400 Groveland Ave Unit 607, Minneapolis, MN

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