$390,000
SOLD JUL 20, 2018
2 Beds
2 Baths
1,293 Sq Ft
2.01 Acres

Recently Sold

$302 Per Sq Ft

2% Below List Price

114 Days on Market

Highlights

  • Building Security
  • Elevator
  • Patio
  • Wood Flooring
  • 2 Car Attached Garage
  • Central Air

About This Home

As of July 2018

Smart South-facing condo at 5th Avenue Lofts. 2 garage spaces, storage locker, hardwood floors, GE Profile appliances, granite counters, kitchen island. Building offers fitness center, multiple roof decks and community rooms. Ideal North Loop location between Washington Ave and River.

Last Agent to Sell the Property

Brady Kroll

Edina Realty, Inc.

Edina Realty, Inc.

Last Buyer's Agent

Dylan Bode

Latitude Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,189

Year Built

  • Built in 2005

HOA Fees

  • $511 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Assigned Parking
  • Secure Parking

Home Design

  • Property Attached
  • Flat Roof Shape
  • Stone Siding

Interior Spaces

  • 1,293 Sq Ft Home
  • Wood Flooring
  • Fire Sprinkler System

Kitchen

  • Range
  • Microwave
  • Freezer
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Patio

Utilities

  • Central Air
  • Baseboard Heating
  • Hot Water Heating System

Listing and Financial Details

  • Assessor Parcel Number 2202924131016

Community Details

Overview

  • Association fees include air conditioning, building exterior, cable TV, hazard insurance, heating, internet, outside maintenance, professional mgmt, sanitation, security staff, shared amenities, snow/lawn care, water/sewer
  • Gassen Management Association

Additional Features

  • Elevator
  • Building Security

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,189

Year Built

Built in 2005

Lot Details

0

HOA Fees

$511 per month

Parking

2

Listing Details

  • Type: Single Family
  • Property Subtype 1: (CC) High Rise (4+ Levels)
  • Cooling System: Central
  • Outside Features: Brick/Stone
  • Garage Spaces: 2.00
  • Accessibility Features: Elevator
  • Water Source: City Water/Connected
  • Association Amenities: Concrete Floors & Walls, Elevator(s), Fire Sprinkler System, Lawn Sprinkler, Patio, Security Building
  • Fuel Type: Natural Gas
  • Fee Frequency: Monthly
  • Year Built: 2005
  • Above Grade Finished Sq Ft: 1293.00
  • Above Grade Finished Area Search: 1293.00
  • Assessment Pending Y N: Yes
  • Association Management: Gassen Management
  • Management Company Phone: 952-922-5575
  • Carport Y N: No
  • Foundation Area Units: Square Feet
  • Garage Stall Unit Description: 156/7
  • Internet Entire Listing Display: Yes
  • List A O R Key Numeric: 5053
  • Listing Organization: Regional MLS of Minnesota
  • Living Area Finished: 1293.00
  • Living Area Finished Units: Square Feet
  • Minneapolis Community Names: Central
  • Parcel Numbers: 2202924131016,2202924130555,2202924130556
  • Rental License: No
  • Restrictions Type: Mandatory Owners Assoc, Pets - Cats Allowed, Pets - Dogs Allowed, Pets - Number Limit
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Shared Room: Amusement/Party Room, Exercise Room
  • Basement: None
  • Appliances: Dishwasher, Disposal, Dryer, Freezer, Microwave, Range, Refrigerator, Washer
  • Bathroom Type: Main Floor 3/4 Bath, Main Floor Full Bath
  • Fireplace: No

Beds/Baths

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

Exterior Features

  • Roof: Flat
  • Fencing: None

Garage/Parking

  • Parking Features: Assigned, Attached Garage, Secured

Utilities

  • Heating: Baseboard, Hot Water
  • Sewer: City Sewer/Connected

Condo/Co-op/Association

  • HOA Fee Includes: Air Conditioning, Building Exterior, Cable TV, Hazard Insurance, Heating, Internet, Outside Maintenance, Professional Mgmt, Sanitation, Security Staff, Shared Amenities, Snow/Lawn Care, Water/Sewer
  • Association Fee: 511.00

Association/Amenities

  • Association Fee Yn: Yes
  • Property Amenities: Hardwood Floors

Schools

  • School District: 1 - Minneapolis
  • School District Phone: 612-668-0000

Lot Info

  • Zoning: Residential-Single Family
  • Construction: Previously Owned
  • Waterfront YN: No
  • PropertyAttachedYN: Yes
  • Assessment Pending: Yes
  • Homestead: No
  • LandLeaseAmountFrequency: No
  • Lot Size Area Units: Square Feet

Building Info

  • New Development: No

Tax Info

  • TaxLegalDescription: CIC NO 1428 SECURITY WAREHOUSE/5TH AV UNIT NO 5-419
  • Tax Amount: 5189.00
  • Tax Year: 2017
  • Tax With Assessments: 5189.00
  • Assessor Parcel Number: 2202924131016

Multi Family

  • Above Grade Finished Sq Ft: Square Feet

MLS Schools

  • School District Name: 1 - Minneapolis

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 27, 2018
Closed on
Jul 14, 2018
Sold by
Paraskevas Cristo and Tutek Ayse E
Bought by
Witt Jeffrey
Seller's Agent
Brady Kroll
Edina Realty, Inc.
Buyer's Agent
Dylan Bode
Latitude Realty, LLC
List Price
$400,000
Sold Price
$390,000
Premium/Discount to List
-$10,000
-2.5%
Total Days on Market
114
Current Estimated Value
$433,442

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$43,442
Avg. Annual Appreciation
1.56%
Original Mortgage
$190,000
Interest Rate
4.6%
Mortgage Type
New Conventional

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $390,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $196,000 New Conventional
Closed $196,000 New Conventional
Closed $190,000 New Conventional
Previous Owner $249,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/01/2022 12/01/22 Rented $2,495 0.0% --
10/28/2022 10/28/22 Price Changed $2,495 -3.9% $2 / Sq Ft
10/06/2022 10/06/22 For Rent $2,595 0.0% --
07/20/2018 07/20/18 Sold $390,000 -2.5% $302 / Sq Ft
06/22/2018 06/22/18 Pending -- -- --
06/22/2018 06/22/18 For Sale $400,000 +2.6% $309 / Sq Ft
06/07/2018 06/07/18 Off Market $390,000 -- --
05/30/2018 05/30/18 Price Changed $400,000 -5.9% $309 / Sq Ft
05/08/2018 05/08/18 For Sale $425,000 +9.0% $329 / Sq Ft
05/02/2018 05/02/18 Off Market $390,000 -- --
03/23/2018 03/23/18 Price Changed $425,000 -5.6% $329 / Sq Ft
02/27/2018 02/27/18 For Sale $450,000 +15.4% $348 / Sq Ft
02/27/2018 02/27/18 Off Market $390,000 -- --
Source: NorthstarMLS

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 $5,077 $389,000 $40,000 $349,000
2022 $5,384 $388,500 $37,000 $351,500
2021 $5,186 $388,500 $31,000 $357,500
2020 $5,805 $388,500 $11,400 $377,100
2019 $5,808 $400,500 $7,600 $392,900
2018 $5,484 $389,000 $7,600 $381,400
2017 $5,189 $335,500 $7,600 $327,900
2016 $4,954 $311,500 $7,600 $303,900
2015 $4,467 $267,500 $7,600 $259,900
2014 -- $244,000 $7,600 $236,400
Source: Public Records

Source: NorthstarMLS

MLS Number: NST4911385

NorthstarMLS

APN: 22-029-24-13-1016