NOT LISTED FOR SALE

401 N 2nd St Unit 5221 Minneapolis, MN 55401

North Loop Neighborhood

Estimated Value: $443,000 - $509,000

2 Beds
2 Baths
1,538 Sq Ft
$307/Sq Ft Est. Value

Last Sold May 30, 2023

Last sale price $420,000 $273 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $3,852/month

About This Home

As of May 2023

Rare opporunity to own this Desirable 2 Bedroom, 2 Bathroom 5th Avenue Lofts End Unit nestled in the heart of the North Loop featuring open floor plan , private balcony, 10' Ceilings, an abundance of natural light, beautiful natural woodwork, custom cabinetry, built-in workstation, SS kitchen appliances and tasteful neutral decor. Notable Carefree Living Amenities Include: Rooftop Deck with spectacular DT views, Spacious Community Rooms, Fitness Centers and convenient Dog Run. Owner has access to all 5th Avenue Loft and Security Warehouse Lofts Ammenities.
Easy access to walking/bike trails, the River/Lakes, U of M, DT dining and services, Target Field, Theatres, Community Events and Highway Arteries.
Truly a Distinctive Downtown Residence you will proud to call Home!

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 17, 2023
Closed on
May 30, 2023
Sold by
Silge Douglas James
Bought by
Peace And Love Dnd Trust
Seller's Agent
Charles 'Chuck' Nichols
Coldwell Banker Realty
Buyer's Agent
Elisabeth Lucas
Coldwell Banker Realty
List Price
$459,900
Sold Price
$420,000
Premium/Discount to List
-$39,900
-8.68%
Views
100
Current Estimated Value
$471,625

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$51,625
Avg. Annual Appreciation
6.19%

Purchase Details

Closed on
Dec 30, 2021
Sold by
Marie Berntson Krin
Bought by
Silge Douglas James

Purchase Details

Closed on
Oct 12, 2021
Sold by
Berntson Krin
Bought by
Silge Douglas

Purchase Details

Closed on
Jan 31, 2019
Sold by
Yineman Arien and Yineman Jessica
Bought by
Silge Douglas J and Bernston Kim M

Purchase Details

Closed on
Aug 30, 2013
Sold by
Schloesser Kati K and Schloesser Jim
Bought by
Yineman Arien and Vorpahl Jessica

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$294,467
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 27, 2008
Sold by
Security Warehouse Lofts Llc
Bought by
Wedig Kati K

Range of Values:

Collateral Analytics

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ICE

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Quantarium

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Average Value
Not Available
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
Peace And Love Dnd Trust $420,000 Burnet Title
Silge Douglas James $25,000 None Listed On Document
Silge Douglas $25,000 --
Silge Douglas J $390,000 Edgewater Title Group Llc
Yineman Arien $299,900 Titlenexus Llc
Wedig Kati K $299,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Yineman Arien $294,467
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/30/2023 05/30/23 Sold $420,000 -2.3% $273 / Sq Ft
05/23/2023 05/23/23 Pending -- -- --
04/10/2023 04/10/23 Price Changed $429,900 -3.4% $280 / Sq Ft
03/05/2023 03/05/23 Price Changed $444,900 -3.3% $289 / Sq Ft
01/01/2023 01/01/23 For Sale $459,900 -- $299 / Sq Ft

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 $5,874 $450,000 $47,000 $403,000
2022 $6,230 $449,500 $44,000 $405,500
2021 $6,012 $449,500 $37,000 $412,500
2020 $6,928 $449,500 $15,300 $434,200
2019 $6,954 $478,000 $10,200 $467,800
2018 $6,540 $464,000 $10,200 $453,800
2017 $6,256 $404,500 $10,200 $394,300
2016 $5,936 $375,500 $10,200 $365,300
2015 $5,385 $322,500 $10,200 $312,300
2014 -- $294,000 $10,200 $283,800
Source: Public Records

Agents Affiliated with this Home

  • Charles 'Chuck' Nichols

    Seller's Agent in 2023

    Charles 'Chuck' Nichols

    Coldwell Banker Burnet

    (952) 212-3200

    1 in this area

    51 Total Sales

    Charles 'Chuck' Nichols
    Section Image
  • Elisabeth Lucas

    Buyer's Agent in 2023

    Elisabeth Lucas

    Coldwell Banker Burnet

    (612) 327-5905

    3 in this area

    103 Total Sales

    Elisabeth Lucas
    Section Image
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Map

Minnesota Hennepin County Minneapolis 55401 North Loop

401 N 2nd St Unit 5221, Minneapolis, MN

Homes for Sale in Minneapolis, MN

This home is located at 401 N 2nd St Unit 5221, Minneapolis, MN 55401 and is currently estimated at $471,625, approximately $306 per square foot. 401 N 2nd St Unit 5221 is a home located in Hennepin County with nearby schools including Webster Elementary, Northeast Middle School, and Thomas Edison High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.