401 N 2nd St Unit 315 Minneapolis, MN 55401
North Loop NeighborhoodEstimated Value: $423,000 - $474,000
2
Beds
2
Baths
1,341
Sq Ft
$689/mo
HOA Fee
Highlights
- 87,512 Sq Ft lot
- Patio
- 1-Story Property
- Deck
- Living Room
- Forced Air Heating and Cooling System
About This Home
As of July 2024Well appointed 2 bedroom/2 bathroom at 5th Ave Lofts in the heart of the North Loop! South facing unit in the middle of the building (not looking into Security Lofts) to allow for plenty of natural light, with views onto Washington Ave. Gourmet kitchen with granite counters, gas range, stainless appliances and large center island. The spacious master suite features a large walk-in closet and en suite bath. New hardwood floors. Amenities included updated fitness center, two rooftop decks, and remodeled community room. 5th Ave Lofts features professional onsite management, spacious community room with outdoor grills, fitness room, rooftop patio, 1st floor grocery/market featuring the ever popular Egg on a Roll! Ideal location, steps from everything the North Loop has to offer, including bars, restaurants, coffee shops, Target Field and riverfront trails.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $5,012
Year Built
- Built in 2005
Lot Details
- 2.01
HOA Fees
- $689 Monthly HOA Fees
Parking
- 1 Car Garage
- Heated Garage
Interior Spaces
- 1,341 Sq Ft Home
- 1-Story Property
- Living Room
Kitchen
- Range
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- 2 Bedrooms
Laundry
- Dryer
- Washer
Home Security
Outdoor Features
- Deck
- Patio
Utilities
- Forced Air Heating and Cooling System
Listing and Financial Details
- Assessor Parcel Number 2202924130989
Community Details
Overview
- Association fees include air conditioning, maintenance structure, cable TV, controlled access, gas, hazard insurance, heating, internet, lawn care, ground maintenance, parking, professional mgmt, trash, shared amenities, snow removal, water
- Gassen Association, Phone Number (952) 922-5575
- High-Rise Condominium
- 5Th Ave Lofts Subdivision
Security
- Fire Sprinkler System
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 31, 2024
Closed on
Jul 24, 2024
Sold by
The Paul Fayad Trust
Bought by
Foote Anne and Foote Kevin
Seller's Agent
Aleksa Montpetit
DRG
Buyer's Agent
Jessica Brunsell
BRIX Real Estate
List Price
$460,000
Sold Price
$445,000
Premium/Discount to List
-$15,000
-3.26%
Total Days on Market
50
Views
10
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
$231
Avg. Annual Appreciation
0.06%
Purchase Details
Closed on
Jun 23, 2017
Sold by
Korpi Janet Lynn
Bought by
Fayad Paul and The Paul Fayad Trust
Purchase Details
Closed on
Apr 30, 2013
Sold by
Morrow Jenny and Morrow Greg
Bought by
Korpi Janet Lynn
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$236,625
Interest Rate
3.56%
Mortgage Type
New Conventional
Similar Homes in Minneapolis, MN
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 |
|---|---|---|---|
| Foote Anne | $445,000 | -- | |
| Fayad Paul | $445,000 | Titlenexus Llc | |
| Korpi Janet Lynn | $306,220 | Multiple |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Korpi Janet Lynn | $236,625 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/31/2024 07/31/24 | Sold | $445,000 | -1.1% | $332 / Sq Ft |
| 07/20/2024 07/20/24 | Pending | -- | -- | -- |
| 06/18/2024 06/18/24 | Price Changed | $450,000 | -2.2% | $336 / Sq Ft |
| 05/31/2024 05/31/24 | For Sale | $460,000 | -- | $343 / 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 | $5,012 | $384,000 | $41,000 | $343,000 |
| 2022 | $5,315 | $383,500 | $38,000 | $345,500 |
| 2021 | $5,130 | $383,500 | $32,000 | $351,500 |
| 2020 | $5,732 | $383,500 | $31,600 | $351,900 |
| 2019 | $5,733 | $395,500 | $21,100 | $374,400 |
| 2018 | $5,325 | $384,000 | $21,100 | $362,900 |
| 2017 | $5,144 | $338,500 | $8,700 | $329,800 |
| 2016 | $4,891 | $314,500 | $8,700 | $305,800 |
| 2015 | $4,326 | $269,500 | $8,700 | $260,800 |
| 2014 | -- | $246,500 | $8,700 | $237,800 |
Source: Public Records
Agents Affiliated with this Home
-
Aleksa Montpetit
Seller's Agent in 2024
Aleksa Montpetit
DRG
(651) 210-4213
47 in this area
171 Total Sales
-
Jessica Brunsell
Buyer's Agent in 2024
Jessica Brunsell
BRIX Real Estate
(612) 998-9821
1 in this area
201 Total Sales
Map
Source: NorthstarMLS
MLS Number: 6545424
APN: 22-029-24-13-0989
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