Seller's Agent in 2021
Chuck Eckberg
RE/MAX Results
(651) 246-6639
1 in this area
187 Total Sales
401 N 2nd St Unit 5622 Minneapolis, MN 55401
North Loop NeighborhoodEstimated Value: $484,000 - $622,000
1
Bed
1.5
Baths
1,550
Sq Ft
$720/mo
HOA Fee
Highlights
- 87,512 Sq Ft lot
- Main Floor Primary Bedroom
- Living Room
- Deck
- Patio
- 1-Story Property
About This Home
As of June 2021Impressive sixth floor corner unit with lots of light, offering panoramic views of the city. Solid maple hardwood floors, SS appliances, granite countertops, laundry, grilling deck, and a half bath for guests. Long throws of space and high ceilings add to the allure found here. The gorgeous owner’s suite with new carpeting in 2019 is served by a huge closet with built-ins, connected to a sumptuous owner’s suite double vanity bath. Unit easily accessed from side entrance on 5th Avenue. Sale includes 2 parking stalls, #314 and #321, and a storage locker. Property tax value and assoc. fee on the MLS reflects costs for both the unit and parking stalls. Party room on the 5th floor, fitness center on the 6th floor, rooftop patio on the 7th floor. Owners here also have privileges to use party and exercise rooms in the Security Lofts, adjacent to the 5th Avenue Lofts. Located in the heart of the North Loop, among dining, entertainment and shopping locales the area is so well known for.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $7,465
Year Built
- Built in 2005
Lot Details
- Few Trees
- Additional Parcels
HOA Fees
- $720 Monthly HOA Fees
Parking
- 2 Car Garage
- Heated Garage
- Insulated Garage
- Garage Door Opener
- Assigned Parking
- Secure Parking
Home Design
- Flat Roof Shape
Interior Spaces
- 1,550 Sq Ft Home
- 1-Story Property
- Living Room
Kitchen
- Range
- Microwave
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 1 Primary Bedroom on Main
Laundry
- Dryer
- Washer
Outdoor Features
- Deck
- Patio
Utilities
- Central Air
- Baseboard Heating
- Hot Water Heating System
- Cable TV Available
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, recreation facility, trash, shared amenities, snow removal, water
- Gassen & Co Association, Phone Number (952) 922-5575
- High-Rise Condominium
Listing and Financial Details
- Assessor Parcel Number 2202924131059
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 14, 2021
Closed on
Jun 18, 2021
Sold by
Meyer Kenneth D and Meyer Marianne
Bought by
Clark Leofwin S and Clark Jobeth G
Seller's Agent
Chuck Eckberg
RE/MAX Results
Buyer's Agent
Fritz Kroll
Edina Realty, Inc.
List Price
$475,000
Sold Price
$461,500
Premium/Discount to List
-$13,500
-2.84%
Total Days on Market
27
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
$64,064
Avg. Annual Appreciation
3.41%
Original Mortgage
$409,500
Outstanding Balance
$375,561
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$150,003
Purchase Details
Closed on
Oct 8, 2015
Sold by
Meyer Kenneth D and Meyer Marianne
Bought by
Kenneth D Meyer Trust
Purchase Details
Closed on
May 3, 2010
Sold by
Security Warehouse Lofts Llc
Bought by
Meyer Kenneth D and Meyer Marianne
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 |
|---|---|---|---|
| Clark Leofwin S | $230,751 | None Available | |
| Clark Leofwin S | $230,751 | None Available | |
| Kenneth D Meyer Trust | -- | Attorney | |
| Meyer Kenneth D | $305,000 | -- | |
| Clark Leofwin Leofwin | $461,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Clark Leofwin S | $409,500 | |
| Closed | Clark Leofwin Leofwin | $409,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/18/2021 06/18/21 | Sold | $461,500 | -2.8% | $298 / Sq Ft |
| 05/11/2021 05/11/21 | Pending | -- | -- | -- |
| 04/14/2021 04/14/21 | For Sale | $475,000 | -- | $306 / 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 | $6,792 | $515,000 | $47,000 | $468,000 |
| 2022 | $7,212 | $515,000 | $44,000 | $471,000 |
| 2021 | $6,961 | $515,000 | $37,000 | $478,000 |
| 2020 | $7,541 | $515,000 | $36,800 | $478,200 |
| 2019 | $7,493 | $515,000 | $24,500 | $490,500 |
| 2018 | $7,053 | $500,000 | $24,500 | $475,500 |
| 2017 | $6,820 | $441,000 | $10,200 | $430,800 |
| 2016 | $6,513 | $409,500 | $10,200 | $399,300 |
| 2015 | $5,813 | $351,500 | $10,200 | $341,300 |
| 2014 | -- | $320,500 | $10,200 | $310,300 |
Source: Public Records
Agents Affiliated with this Home
-
Chuck Eckberg
-
Noah Thompson
Seller Co-Listing Agent in 2021
Noah Thompson
RE/MAX Results
(651) 788-3462
1 in this area
112 Total Sales
-
Fritz Kroll
Buyer's Agent in 2021
Fritz Kroll
Edina Realty, Inc.
(612) 347-8088
46 in this area
186 Total Sales
Map
Similar Homes in the area
Source: NorthstarMLS
MLS Number: 5740057
APN: 22-029-24-13-1059
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