Seller's Agent in 2024
Cynthia Carlson
Edina Realty, Inc.
(612) 990-6444
6 in this area
239 Total Sales
401 N 2nd St Unit 502 Minneapolis, MN 55401
North Loop NeighborhoodEstimated Value: $613,000 - $740,542
2
Beds
2.5
Baths
1,970
Sq Ft
$1,052/mo
HOA Fee
Highlights
- City View
- Deck
- Sitting Room
- 87,512 Sq Ft lot
- 1 Fireplace
- The kitchen features windows
About This Home
As of May 2024Turn Key 5th floor south facing unit with unobstructed views of downtown in the high demand 5th Ave Lofts Building. 2 bedrooms and 3 bathrooms with an open feel. Living area steps out to the south facing deck. Newer hardwood floors in both bedrooms feature spacious walk- in closets with floor to ceiling organizers. Each bedroom has a private full bath with double sinks in the vanities, separate tub and walk in showers. Remote control blinds and lighting, gas fireplace and beautiful natural light. There are 2 parking stalls and storage unit #18 on "S" level. The building offers a work out room and a party room down the hall from this unit. There is an additional workout room and party room in the Security Lofts which is accessed by a tunnel to that building. Additional features are a rooftop patio, dog run and on-site caretaker/management office.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $8,713
Year Built
- Built in 2005
Lot Details
- 2.01
HOA Fees
- $1,052 Monthly HOA Fees
Parking
- 2 Car Garage
- Heated Garage
- Garage Door Opener
- Guest Parking
- Assigned Parking
Interior Spaces
- 1,970 Sq Ft Home
- 1-Story Property
- 1 Fireplace
- Entrance Foyer
- Sitting Room
- Living Room
- City Views
Kitchen
- Built-In Oven
- Cooktop
- Microwave
- Dishwasher
- Disposal
- The kitchen features windows
Bedrooms and Bathrooms
- 2 Bedrooms
Laundry
- Dryer
- Washer
Additional Features
- Deck
- Zero Lot Line
- Forced Air Heating and Cooling System
Community Details
- 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 (955) 292-2557
- High-Rise Condominium
- Cic 1428 Security Warehouse/5Th Ave Subdivision
Listing and Financial Details
- Assessor Parcel Number 2202924131022
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 26, 2024
Closed on
May 1, 2024
Sold by
Decosse Paula
Bought by
Curtis Roddell and Curtis Kristine
Seller's Agent
Cynthia Carlson
Edina Realty, Inc.
Buyer's Agent
Kary Marpe
Edina Realty, Inc.
List Price
$725,000
Sold Price
$690,000
Premium/Discount to List
-$35,000
-4.83%
Views
49
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
-$11,614
Avg. Annual Appreciation
-0.69%
Original Mortgage
$250,000
Outstanding Balance
$248,045
Interest Rate
6.82%
Mortgage Type
New Conventional
Estimated Equity
$436,596
Purchase Details
Listed on
Jun 18, 2022
Closed on
Jul 20, 2022
Sold by
Baball Kavita
Bought by
Paula W Decosse Revocable Trust
Seller's Agent
Kary Marpe
Edina Realty, Inc.
Buyer's Agent
Cynthia Carlson
Edina Realty, Inc.
List Price
$719,900
Sold Price
$714,000
Premium/Discount to List
-$5,900
-0.82%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.89%
Purchase Details
Closed on
May 31, 2019
Sold by
Saprygina Hecktner Michael B and Saprygina Hecktner Polina
Bought by
Baball Kavita
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$559,920
Interest Rate
3.87%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
Jan 23, 2012
Sold by
Hektner Thomas R and Hektner Carole A
Bought by
Hektner Michael B
Purchase Details
Closed on
Dec 14, 2007
Sold by
Security Warehouse Lofts Llc
Bought by
Hektner Thomas R and Hektner Carole A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$410,000
Interest Rate
6.31%
Mortgage Type
New Conventional
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 |
|---|---|---|---|
| Curtis Roddell | $690,000 | -- | |
| Paula W Decosse Revocable Trust | $714,000 | Edina Realty Title | |
| Baball Kavita | $699,900 | Titlenexus Llc | |
| Hektner Michael B | $450,000 | None Available | |
| Hektner Thomas R | $513,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Curtis Roddell | $250,000 | |
| Closed | Curtis Roddell | $250,000 | |
| Previous Owner | Baball Kavita | $559,920 | |
| Previous Owner | Hektner Thomas R | $410,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/06/2024 05/06/24 | Sold | $690,000 | -1.3% | $350 / Sq Ft |
| 03/10/2024 03/10/24 | Pending | -- | -- | -- |
| 02/22/2024 02/22/24 | Price Changed | $699,000 | -3.6% | $355 / Sq Ft |
| 01/26/2024 01/26/24 | For Sale | $725,000 | +1.5% | $368 / Sq Ft |
| 07/22/2022 07/22/22 | Sold | $714,000 | -0.8% | $362 / Sq Ft |
| 06/18/2022 06/18/22 | Pending | -- | -- | -- |
| 06/18/2022 06/18/22 | For Sale | $719,900 | -- | $365 / 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 | $8,782 | $641,000 | $60,000 | $581,000 |
| 2022 | $8,807 | $610,500 | $56,000 | $554,500 |
| 2021 | $8,493 | $610,500 | $47,000 | $563,500 |
| 2020 | $9,536 | $610,500 | $18,200 | $592,300 |
| 2019 | $9,514 | $629,500 | $12,100 | $617,400 |
| 2018 | $8,849 | $611,000 | $12,100 | $598,900 |
| 2017 | $8,400 | $535,500 | $12,100 | $523,400 |
| 2016 | $7,912 | $497,500 | $12,100 | $485,400 |
| 2015 | $7,130 | $427,000 | $12,100 | $414,900 |
| 2014 | -- | $389,500 | $12,100 | $377,400 |
Source: Public Records
Agents Affiliated with this Home
-
Cynthia Carlson
-
Fiana Carlson
F
Seller Co-Listing Agent in 2024
Fiana Carlson
Edina Realty, Inc.
(612) 702-2902
1 in this area
147 Total Sales
-
Kary Marpe
Buyer's Agent in 2024
Kary Marpe
Edina Realty, Inc.
(612) 325-8787
13 in this area
113 Total Sales
Map
Source: NorthstarMLS
MLS Number: 6473283
APN: 22-029-24-13-1022
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