401 N 2nd St Unit 5221 Minneapolis, MN 55401
North Loop NeighborhoodEstimated Value: $443,000 - $509,000
2
Beds
1.5
Baths
1,538
Sq Ft
$747/mo
HOA Fee
Highlights
- City View
- Deck
- Elevator
- 87,512 Sq Ft lot
- Computer Room
- Stainless Steel Appliances
About This Home
As of May 2023Rare 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!
Last Agent to Sell the Property
Coldwell Banker Realty Brokerage Phone: 952-212-3200 Listed on: 01/01/2023
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $6,151
Year Built
- Built in 2005
Lot Details
- 2.01
HOA Fees
- $747 Monthly HOA Fees
Parking
- 1 Car Garage
- Heated Garage
- Garage Door Opener
- Guest Parking
Home Design
- Flat Roof Shape
Interior Spaces
- 1,538 Sq Ft Home
- 1-Story Property
- Entrance Foyer
- Combination Dining and Living Room
- Computer Room
- City Views
Kitchen
- Range
- Microwave
- Dishwasher
- Stainless Steel Appliances
- Disposal
Bedrooms and Bathrooms
- 2 Bedrooms
Laundry
- Dryer
- Washer
Home Security
Outdoor Features
- Deck
- Patio
Utilities
- Forced Air Heating and Cooling System
- Baseboard Heating
- Hot Water Heating System
- 100 Amp Service
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 2202924130972
Community Details
Overview
- Association fees include air conditioning, maintenance structure, cable TV, controlled access, electricity, gas, hazard insurance, heating, internet, lawn care, ground maintenance, parking, professional mgmt, recreation facility, trash, security, shared amenities, snow removal, water
- Gassen Association, Phone Number (952) 922-5575
- High-Rise Condominium
- Cic 1428 Security Warehouse/5Th Ave Subdivision
Additional Features
- Elevator
- Fire Sprinkler System
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 1, 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%
Total Days on Market
142
Views
100
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
$51,625
Avg. Annual Appreciation
5.82%
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
Similar Homes in Minneapolis, MN
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 |
|---|---|---|---|
| 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 |
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 | $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
53 Total Sales
-
Elisabeth Lucas
Buyer's Agent in 2023
Elisabeth Lucas
Coldwell Banker Burnet
(612) 327-5905
3 in this area
105 Total Sales
Map
Source: NorthstarMLS
MLS Number: 6319760
APN: 22-029-24-13-0972
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