Seller's Agent in 2021
Joe Grunnet
DRG
(612) 244-6613
32 in this area
62 Total Sales
401 N 2nd St Unit 114 Minneapolis, MN 55401
North Loop NeighborhoodEstimated Value: $475,000 - $615,000
2
Beds
2
Baths
1,598
Sq Ft
$743/mo
HOA Fee
Highlights
- 87,512 Sq Ft lot
- Patio
- 1-Story Property
- Elevator
- Living Room
- Forced Air Heating and Cooling System
About This Home
As of July 2021Have your own private entrance and patio, but still get all the amenities and services of a condo in the heart of the North Loop in this 5th Ave Lofts 1st floor 2BR plus office, 2BA with over 1700 square feet of living space! With a raise patio off of the street for additional privacy and 2nd floor effect, this open concept “soft loft” features new hardwood flooring, 10 ft. ceilings, gourmet kitchen with stainless steel appliances/granite counters/gas range/large center island, designer lighting package, beautiful master suite with walkthrough closet and custom closet organizers installed, large 2nd bedroom with huge closet/storage area, office room with built-in’s and more! Located in the heart of the North Loop, Security Warehouse/5th Ave Lofts amenities include onsite management staff, secure access, rooftop patio, two fitness areas, two community party rooms, free guest parking and 5th Ave Market on 1st floor.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $5,839
Year Built
- Built in 2005
Lot Details
- 2.01
HOA Fees
- $743 Monthly HOA Fees
Parking
- 2 Car Garage
- Heated Garage
Interior Spaces
- 1,598 Sq Ft Home
- 1-Story Property
- Living Room
Bedrooms and Bathrooms
- 2 Bedrooms
Additional Features
- Patio
- Forced Air Heating and Cooling System
Listing and Financial Details
- Assessor Parcel Number 2202924130942
Community Details
Overview
- Association fees include air conditioning, maintenance structure, cable TV, hazard insurance, heating, ground maintenance, parking, professional mgmt, trash, shared amenities, lawn care, water
- First Service Residential Association, Phone Number (952) 277-2700
- High-Rise Condominium
- 5Th Ave Lofts Subdivision
Amenities
- Elevator
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 21, 2021
Closed on
Jul 22, 2021
Sold by
Grunnet Joseph and Grunnet Stacy M
Bought by
Kraling Jill K and Kraling Kurt A
Seller's Agent
Joe Grunnet
DRG
Buyer's Agent
Fritz Kroll
Edina Realty, Inc.
List Price
$535,000
Sold Price
$534,500
Premium/Discount to List
-$500
-0.09%
Total Days on Market
39
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
-$10,726
Avg. Annual Appreciation
-0.53%
Original Mortgage
$427,600
Outstanding Balance
$393,516
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$130,258
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 |
|---|---|---|---|
| Kraling Jill K | $534,500 | Titlenexus Llc | |
| Kraling Jill Jill | $534,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Kraling Jill K | $427,600 | |
| Previous Owner | Grunnet Joseph M | $350,000 | |
| Previous Owner | Grunnet Joseph | $310,000 | |
| Previous Owner | Grunnet Stacy M | $376,500 | |
| Closed | Kraling Jill Jill | $427,600 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/23/2021 07/23/21 | Sold | $534,500 | -0.1% | $334 / Sq Ft |
| 06/29/2021 06/29/21 | Pending | -- | -- | -- |
| 05/21/2021 05/21/21 | For Sale | $535,000 | 0.0% | $335 / Sq Ft |
| 05/15/2020 05/15/20 | Rented | $3,695 | 0.0% | -- |
| 03/18/2020 03/18/20 | For Rent | $3,695 | +5.7% | -- |
| 09/01/2018 09/01/18 | Rented | $3,495 | 0.0% | -- |
| 06/26/2018 06/26/18 | For Rent | $3,495 | +1.3% | -- |
| 04/27/2017 04/27/17 | Rented | $3,450 | 0.0% | -- |
| 03/31/2017 03/31/17 | Rented | $3,450 | 0.0% | -- |
| 03/19/2017 03/19/17 | For Rent | $3,450 | 0.0% | -- |
| 02/24/2017 02/24/17 | For Rent | $3,450 | +7.8% | -- |
| 06/15/2015 06/15/15 | Rented | $3,200 | -8.4% | -- |
| 04/06/2015 04/06/15 | For Rent | $3,495 | +29.4% | -- |
| 01/09/2012 01/09/12 | Rented | $2,700 | -3.4% | -- |
| 01/09/2012 01/09/12 | For Rent | $2,795 | -- | -- |
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 | $5,704 | $437,000 | $48,000 | $389,000 |
| 2022 | $6,050 | $436,500 | $45,000 | $391,500 |
| 2021 | $5,863 | $436,500 | $37,500 | $399,000 |
| 2020 | $6,758 | $436,500 | $37,500 | $399,000 |
| 2019 | $6,759 | $464,500 | $25,000 | $439,500 |
| 2018 | $6,357 | $451,000 | $25,000 | $426,000 |
| 2017 | $6,147 | $397,500 | $9,600 | $387,900 |
| 2016 | $5,868 | $369,000 | $9,600 | $359,400 |
| 2015 | $5,285 | $316,500 | $9,600 | $306,900 |
| 2014 | -- | $289,000 | $9,600 | $279,400 |
Source: Public Records
Agents Affiliated with this Home
-
Joe Grunnet
-
Fritz Kroll
Buyer's Agent in 2021
Fritz Kroll
Edina Realty, Inc.
(612) 347-8088
46 in this area
186 Total Sales
-
Patrick Carson
P
Seller Co-Listing Agent in 2020
Patrick Carson
DRG
(612) 254-0149
44 in this area
162 Total Sales
Map
Similar Homes in the area
Source: NorthstarMLS
MLS Number: 5761662
APN: 22-029-24-13-0942
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