Seller's Agent in 2023
Kary Marpe
Edina Realty, Inc.
(612) 325-8787
13 in this area
112 Total Sales
401 N 2nd St Unit 5504 Minneapolis, MN 55401
North Loop NeighborhoodEstimated Value: $682,000 - $738,883
2
Beds
2
Baths
2,311
Sq Ft
$1,144/mo
HOA Fee
Highlights
- City View
- Deck
- Built-In Double Oven
- 87,512 Sq Ft lot
- Elevator
- Stainless Steel Appliances
About This Home
As of May 2023Sun-filled patio with sweeping views of downtown from this 5th floor unit! Gleaming hardwood floors, 2 full baths, upgraded appliances and kitchen, and 2 car parking in the heart of North Loop! Open floor plan with a full east wall of windows in the office area, the living room and the primary bedroom. 5th Ave Lofts have 2 fitness rooms, newly renovated community rooms in both buildings, private dog run, on-site management and caretakers, access the Mississippi River trails a block away and local trails at the end of the building! Walk to dinner, shopping and all Twins or Vikings games and so much more! Freshly painted in 2023...ready for new owners. Storage space on Level "S" and parking on P2. Roof top patio on 7th floor. Package lockers for secure delivery of packages. Unit has windows to east and west for light! Assoc fee listed includes both parking units.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $9,776
Year Built
- Built in 2005
Lot Details
- Few Trees
HOA Fees
- $1,144 Monthly HOA Fees
Parking
- 2 Car Garage
- Heated Garage
- Insulated Garage
- Garage Door Opener
- Guest Parking
- Secure Parking
Interior Spaces
- 2,311 Sq Ft Home
- 1-Story Property
- Living Room
- City Views
Kitchen
- Built-In Double Oven
- Cooktop
- Microwave
- Stainless Steel Appliances
- Disposal
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Full Bathrooms
Laundry
- Dryer
- Washer
Home Security
Outdoor Features
- Deck
- Patio
Utilities
- Central Air
- Baseboard Heating
- Radiant Heating System
- 150 Amp Service
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 2202924131024
Community Details
Overview
- 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
- Gasson Association, Phone Number (952) 922-5575
- High-Rise Condominium
- 5Th Ave Lots Subdivision
Additional Features
- Elevator
- Fire Sprinkler System
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 27, 2023
Closed on
May 24, 2023
Sold by
Tahiri Maha and Tahiri Brian S
Bought by
Singh Piyush
Seller's Agent
Kary Marpe
Edina Realty, Inc.
Buyer's Agent
Erick Patterson
P.S. Real Estate, LLC
List Price
$630,000
Sold Price
$640,000
Premium/Discount to List
$10,000
1.59%
Total Days on Market
33
Views
41
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
$73,471
Avg. Annual Appreciation
5.79%
Original Mortgage
$64,000
Outstanding Balance
$55,653
Interest Rate
6.71%
Mortgage Type
Credit Line Revolving
Estimated Equity
$657,818
Purchase Details
Closed on
Jul 23, 2010
Sold by
Security Warehouse Lofts Llc
Bought by
Boumeester William and Boumeester Melinda
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$406,000
Interest Rate
4.7%
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 |
|---|---|---|---|
| Singh Piyush | $640,000 | Edina Realty Title | |
| Boumeester William | $507,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Singh Piyush | $64,000 | |
| Open | Singh Piyush | $576,000 | |
| Previous Owner | Tahiri Maha | $136,700 | |
| Previous Owner | Boumeester William | $406,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/31/2023 05/31/23 | Sold | $640,000 | +1.6% | $277 / Sq Ft |
| 04/27/2023 04/27/23 | For Sale | $630,000 | -- | $273 / 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 | $10,222 | $731,000 | $71,000 | $660,000 |
| 2022 | $10,303 | $696,500 | $66,000 | $630,500 |
| 2021 | $9,935 | $696,500 | $55,000 | $641,500 |
| 2020 | $11,138 | $696,500 | $21,300 | $675,200 |
| 2019 | $11,080 | $718,000 | $14,200 | $703,800 |
| 2018 | $10,330 | $697,000 | $14,200 | $682,800 |
| 2017 | $9,865 | $613,500 | $14,200 | $599,300 |
| 2016 | $9,295 | $569,500 | $14,200 | $555,300 |
| 2015 | $8,165 | $489,000 | $14,200 | $474,800 |
| 2014 | -- | $446,000 | $14,200 | $431,800 |
Source: Public Records
Agents Affiliated with this Home
-
Kary Marpe
-
Erick Patterson
Buyer's Agent in 2023
Erick Patterson
P.S. Real Estate, LLC
(612) 220-7673
26 in this area
73 Total Sales
Map
Similar Homes in Minneapolis, MN
Source: NorthstarMLS
MLS Number: 6359907
APN: 22-029-24-13-1024
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