401 1st St S Unit 1612 Minneapolis, MN 55401
Downtown West NeighborhoodEstimated Value: $347,000 - $399,000
1
Bed
1
Bath
1,046
Sq Ft
$673/mo
HOA Fee
Highlights
- In Ground Pool
- Elevator
- 1-Story Property
- Sauna
- Patio
- Forced Air Heating and Cooling System
About This Home
As of April 2024A unique 1BR plus den gem with 2 parking stalls available for the first time. Enjoy the views through the large bay windows, overlooking the falls and the newly updated Central Ave bridge. Right in the vibrant heart of the Mill District, this space boasts hardwood floors, stainless steel appliances, granite countertops, and a side-by-side washer/dryer. The bedroom's not only spacious but comes with two closets. Building amenities include 24/7 concierge, dual party rooms, a fitness center, and an inviting patio and pool deck with grills, free guest parking and a carwash for residents.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $4,387
Year Built
- Built in 1989
Lot Details
- 1.63
HOA Fees
- $673 Monthly HOA Fees
Parking
- 2 Car Garage
- Assigned Parking
- Secure Parking
Home Design
- Flat Roof Shape
- Tar and Gravel Roof
Interior Spaces
- 1,046 Sq Ft Home
- 1-Story Property
- Combination Dining and Living Room
- Sauna
Kitchen
- Cooktop
- Microwave
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 1 Bedroom
- 1 Full Bathroom
Laundry
- Dryer
- Washer
Home Security
Outdoor Features
- In Ground Pool
- Patio
Utilities
- Forced Air Heating and Cooling System
Listing and Financial Details
- Assessor Parcel Number 2302924310405
Community Details
Overview
- Association fees include air conditioning, maintenance structure, gas, hazard insurance, ground maintenance, professional mgmt, security, shared amenities, water
- First Service Residential Association, Phone Number (952) 277-2700
- High-Rise Condominium
- Riverwest Subdivision
- Car Wash Area
Recreation
- Community Pool
Additional Features
- Elevator
- Fire Sprinkler System
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 15, 2024
Closed on
Mar 21, 2024
Sold by
Masoud Moghaddam Revocable Trust and Moghaddam Masoud
Bought by
Ki Nahree
Seller's Agent
Isaac Kuehn
DRG
Buyer's Agent
Jordan Hubred
Anderson Realty
List Price
$394,900
Sold Price
$385,000
Premium/Discount to List
-$9,900
-2.51%
Total Days on Market
32
Views
24
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
-$11,672
Avg. Annual Appreciation
-2.66%
Original Mortgage
$308,000
Outstanding Balance
$304,871
Interest Rate
7%
Mortgage Type
New Conventional
Estimated Equity
$68,457
Purchase Details
Closed on
Oct 8, 2013
Sold by
Moghaddam Masoud L and Moghaddam Maryam
Bought by
Moghaddam Masoud and Moghaddam Maryam L
Create a Home Valuation Report for This Property
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Similar Homes in Minneapolis, MN
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Ki Nahree | $385,000 | None Listed On Document | |
| Moghaddam Masoud | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Ki Nahree | $308,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/09/2024 04/09/24 | Sold | $385,000 | -2.5% | $368 / Sq Ft |
| 03/18/2024 03/18/24 | Pending | -- | -- | -- |
| 02/15/2024 02/15/24 | For Sale | $394,900 | -- | $378 / 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 | $4,542 | $348,000 | $25,000 | $323,000 |
| 2022 | $4,683 | $332,000 | $23,000 | $309,000 |
| 2021 | $4,521 | $336,500 | $20,000 | $316,500 |
| 2020 | $4,898 | $336,500 | $18,400 | $318,100 |
| 2019 | $4,851 | $336,500 | $9,200 | $327,300 |
| 2018 | $4,566 | $323,500 | $9,200 | $314,300 |
| 2017 | $4,402 | $284,500 | $9,200 | $275,300 |
| 2016 | $4,270 | $268,500 | $9,200 | $259,300 |
| 2015 | $4,183 | $250,500 | $9,200 | $241,300 |
| 2014 | -- | $219,000 | $9,200 | $209,800 |
Source: Public Records
Agents Affiliated with this Home
-
Isaac Kuehn
Seller's Agent in 2024
Isaac Kuehn
DRG
(651) 238-1277
28 in this area
275 Total Sales
-
Patrick Carson
P
Seller Co-Listing Agent in 2024
Patrick Carson
DRG
(612) 254-0149
20 in this area
163 Total Sales
-
Jordan Hubred
Buyer's Agent in 2024
Jordan Hubred
Anderson Realty
(651) 280-0765
1 in this area
115 Total Sales
Map
Source: NorthstarMLS
MLS Number: 6489931
APN: 23-029-24-31-0405
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