NOT LISTED FOR SALE

Estimated Value: $412,000 - $437,000

2 Beds
2 Baths
1,341 Sq Ft
$689/mo HOA Fee

Last Sold July 31, 2024

Last sale price $445,000 $332 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $3,454/month

50 Days on Market

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 2024

Well 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.

Last Agent to Sell the Property

Aleksa Montpetit

DRG Listed on: 05/31/2024

Last Buyer's Agent

Jessica Brunsell

BRIX Real Estate

BRIX Real Estate

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

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,012

Year Built

Built in 2005

Lot Details

0

HOA Fees

$689 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/Connected
  • Association Amenities: Fire Sprinkler System, Lobby Entrance, Patio
  • Fee Frequency: Monthly
  • Year Built: 2005
  • Above Grade Finished Sq Ft: 1341
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Basement: None
  • Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
  • Living Area: 1341
  • Basement YN: No
  • Dining Room Type: Living Room, Dining Room, Kitchen, Bedroom 1, Bedroom 2, Deck
  • Shared Rooms: Amusement/Party Room,Exercise Room

Beds/Baths

  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Three Quarter Bathrooms: 1

Exterior Features

  • Neighborhood: North Loop

Garage/Parking

  • Parking Features: Heated Garage, Underground

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • 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, Other, Maintenance Grounds, Parking, Professional Mgmt, Trash, Shared Amenities, Snow Removal, Water
  • Phone: 952-922-5575
  • Association Fee: 689
  • Association: Yes
  • Amenities Unit: Balcony,French Doors,Hardwood Floors,Kitchen Center Island,Primary Bedroom Walk-In Closet,Main Floor Primary Bedroom,Washer/Dryer Hookup

Association/Amenities

  • HOA Management Co: Gassen

Schools

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

Lot Info

  • PropertyAttachedYN: Yes
  • Lot Size: 0
  • Lot Size Sq Ft: 87512.04
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Brick/Stone

Tax Info

  • Tax Year: 2024
  • Assessor Parcel Number: 2202924130989
  • Tax Annual Amount: 5012
  • TaxWithAssessments: 5012.2200

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%
Views
10
Current Estimated Value
$425,005

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$19,995
Avg. Annual Appreciation
0.05%

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
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
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

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
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

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Map

Source: NorthstarMLS

MLS Number: 6545424

NorthstarMLS

APN: 22-029-24-13-0989