Seller's Agent in 2025
Andy Asbury
eXp Realty
(612) 616-3058
2 in this area
151 Total Sales
401 N 2nd St Unit 417 Minneapolis, MN 55401
North Loop Neighborhood
2
Beds
2
Baths
1,347
Sq Ft
$700/mo
HOA Fee
Highlights
- 87,512 Sq Ft lot
- Stainless Steel Appliances
- Laundry Room
- Deck
- Patio
- No Interior Steps
About This Home
As of September 2025Best value in the North Loop! Welcome to Fifth Avenue Lofts, located in the heart of Minneapolis' vibrant North Loop neighborhood. This spacious 2 bedroom, 2 bath condo features an open concept floor plan with 10-foot ceilings, a full balcony, and stylish finishes throughout. Freshly painted and boasting new carpet in both bedrooms, this turnkey unit is move-in ready. The primary suite features a walk-in closet connecting to a spacious bathroom with tiled 3⁄4 shower and dual vanity. The kitchen impresses with granite countertops, a center island with built-in beverage fridge, new LED under-cabinet lighting, gas range, and abundant cabinetry. A second bathroom offers a beautiful tiled shower stall, while the spacious laundry room provides ample storage opportunities. Includes one parking stall and storage locker. Enjoy premium building amenities including a remodeled fitness center, spacious community room, rooftop patio, and private dog run. Prime location with easy access to restaurants, boutique shops, groceries, fitness studios, entertainment venues, and trails. Experience sophisticated urban living in this North Loop gem!
Last Agent to Sell the Property
eXp Realty Brokerage Phone: 612-616-3058 Listed on: 05/12/2025
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $6,348
Year Built
- Built in 2005
Lot Details
- Sprinkler System
- Few Trees
- Zero Lot Line
- Additional Parcels
HOA Fees
- $700 Monthly HOA Fees
Parking
- 1 Car Garage
- Heated Garage
- Garage Door Opener
Interior Spaces
- 1,347 Sq Ft Home
- 1-Story Property
- Combination Dining and Living Room
- Basement
Kitchen
- Range
- Microwave
- Dishwasher
- Wine Cooler
- Stainless Steel Appliances
- Disposal
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Bathrooms
Laundry
- Laundry Room
- Dryer
- Washer
Home Security
Accessible Home Design
- Accessible Elevator Installed
- No Interior Steps
Outdoor Features
- Deck
- Patio
Utilities
- Central Air
- Baseboard Heating
- Hot Water Heating System
Listing and Financial Details
- Assessor Parcel Number 2202924131014
Community Details
Overview
- Association fees include maintenance structure, controlled access, gas, hazard insurance, lawn care, ground maintenance, parking, professional mgmt, trash, sewer, shared amenities, snow removal
- Gassen Management Association, Phone Number (952) 922-5575
- High-Rise Condominium
- Cic 1428 Security Warehouse/5Th Ave Subdivision
Amenities
- Community Deck or Porch
- Lobby
Security
- Fire Sprinkler System
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 12, 2025
Closed on
Sep 29, 2025
Sold by
Gustafson William M
Bought by
Cetinski Adam K
Seller's Agent
Andy Asbury
eXp Realty
Buyer's Agent
Andy Asbury
eXp Realty
List Price
$460,000
Sold Price
$412,500
Premium/Discount to List
-$47,500
-10.33%
Views
43
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
50.06%
Original Mortgage
$321,750
Outstanding Balance
$321,286
Interest Rate
4%
Mortgage Type
VA
Estimated Equity
$118,889
Purchase Details
Closed on
Oct 6, 2023
Sold by
Gustafson Jill and Gustafson Daniel
Bought by
Gustafson William
Purchase Details
Closed on
Sep 1, 2018
Sold by
Gustafson Jill D and Gustafson Daniel E
Bought by
Gustafson William M
Purchase Details
Closed on
Feb 13, 2018
Sold by
Mullen Kevin and Mullen Shana
Bought by
Gustafson Jill D
Purchase Details
Closed on
Sep 10, 2015
Sold by
Johnson Alan
Bought by
Mosaic Properties Llc
Purchase Details
Closed on
Sep 26, 2013
Sold by
Johnson Alan
Bought by
Security Warehouse/5Th Avenue Lofts Asso
Purchase Details
Closed on
May 16, 2012
Sold by
Alan Johnson
Bought by
Security Warehouse
Purchase Details
Closed on
Jun 30, 2006
Sold by
Security Warehouse Lofts Llc
Bought by
Johnson Alan
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $412,500 | Ascension Title | |
| Deed | $470,000 | -- | |
| Interfamily Deed Transfer | -- | None Available | |
| Warranty Deed | $468,000 | Titlenexus Llc | |
| Sheriffs Deed | $7,257 | Attorney | |
| Sheriffs Deed | $7,468 | None Available | |
| Sheriffs Deed | $13,296 | -- | |
| Sheriffs Deed | $13,295 | None Available | |
| Warranty Deed | $337,232 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $321,750 | VA | |
| Closed | $0 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/29/2025 09/29/25 | Sold | $412,500 | 0.0% | $306 / Sq Ft |
| 08/27/2025 08/27/25 | Pending | -- | -- | -- |
| 08/17/2025 08/17/25 | Off Market | $412,500 | -- | -- |
| 08/14/2025 08/14/25 | Price Changed | $425,000 | -1.2% | $316 / Sq Ft |
| 08/07/2025 08/07/25 | Price Changed | $430,000 | -1.1% | $319 / Sq Ft |
| 07/17/2025 07/17/25 | Price Changed | $435,000 | -1.1% | $323 / Sq Ft |
| 07/08/2025 07/08/25 | Price Changed | $440,000 | -1.1% | $327 / Sq Ft |
| 06/26/2025 06/26/25 | Price Changed | $445,000 | -1.1% | $330 / Sq Ft |
| 06/06/2025 06/06/25 | Price Changed | $450,000 | -2.2% | $334 / Sq Ft |
| 05/15/2025 05/15/25 | For Sale | $460,000 | -- | $341 / 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 |
|---|---|---|---|---|
| 2024 | $6,081 | $417,000 | $55,000 | $362,000 |
| 2023 | $5,207 | $400,000 | $41,000 | $359,000 |
| 2022 | $5,537 | $399,500 | $38,000 | $361,500 |
| 2021 | $5,344 | $399,500 | $32,000 | $367,500 |
| 2020 | $5,972 | $399,500 | $31,600 | $367,900 |
| 2019 | $5,972 | $412,000 | $21,100 | $390,900 |
| 2018 | $5,638 | $400,000 | $21,100 | $378,900 |
| 2017 | $5,452 | $352,500 | $7,800 | $344,700 |
| 2016 | $5,208 | $327,500 | $7,800 | $319,700 |
| 2015 | $4,692 | $281,000 | $7,800 | $273,200 |
| 2014 | -- | $256,500 | $7,800 | $248,700 |
Source: Public Records
Agents Affiliated with this Home
-
Andy Asbury
-
Eric Solberg
Seller Co-Listing Agent in 2025
Eric Solberg
eXp Realty
(612) 203-3016
3 in this area
96 Total Sales
Map
Source: NorthstarMLS
MLS Number: 6719496
APN: 22-029-24-13-1014
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