Seller's Agent in 2025
Ryan Fischer
RE/MAX Results
(612) 888-6127
4 in this area
484 Total Sales
401 S 1st St Unit 1602 Minneapolis, MN 55401
Downtown West NeighborhoodEstimated Value: $412,000 - $423,171
2
Beds
2
Baths
1,264
Sq Ft
$849/mo
HOA Fee
Highlights
- In Ground Pool
- River View
- Stainless Steel Appliances
- Sauna
- Elevator
- Patio
About This Home
As of March 2025Experience luxury living in this highly sought-after Riverwest condo, perched on the 16th floor with breathtaking views of the Mississippi River, Stone Arch Bridge, Mill District, and St. Anthony Main. This rarely available 2-bedroom, 2-bathroom corner unit offers a spacious open concept layout, divided bedrooms for privacy, and an abundance of natural light from large windows throughout. Enjoy a beautifully updated kitchen with stainless steel appliances, granite countertops, and a breakfast bar perfect for entertaining. Both bathrooms feature modern updates, and the in-unit washer and dryer add convenience. Step out onto the private balcony to take in stunning views of Gold Medal Park and the Guthrie Theater. This move-in ready condo includes two heated garage parking stalls (#346 & #348), a storage unit, and access to first-class building amenities, including an exercise gym, outdoor pool, hot tub, sauna, grills, locker rooms, community room with a pool table, and a spacious gathering area with a kitchen. Don’t miss this rare opportunity to own a corner unit in one of the most desirable buildings along the riverfront.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $5,365
Year Built
- Built in 1989
Lot Details
- 1.62
HOA Fees
- $849 Monthly HOA Fees
Parking
- 2 Car Garage
- Heated Garage
- Garage Door Opener
- Guest Parking
- Secure Parking
Property Views
- River
- City
Home Design
- Flat Roof Shape
Interior Spaces
- 1,264 Sq Ft Home
- 1-Story Property
- Living Room
- Sauna
Kitchen
- Range
- Microwave
- Dishwasher
- Stainless Steel Appliances
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Full Bathrooms
Laundry
- Dryer
- Washer
Home Security
Outdoor Features
- In Ground Pool
- Patio
Utilities
- Forced Air Heating and Cooling System
Listing and Financial Details
- Assessor Parcel Number 2302924310395
Community Details
Overview
- Association fees include air conditioning, maintenance structure, cable TV, controlled access, gas, heating, internet, lawn care, ground maintenance, parking, professional mgmt, trash, security, sewer, shared amenities, snow removal
- First Service Residential Association, Phone Number (952) 277-2700
- High-Rise Condominium
- Cic 1487 Riverwest Condo Subdivision
- Car Wash Area
Recreation
- Community Pool
Additional Features
- Elevator
- Fire Sprinkler System
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 7, 2025
Closed on
Mar 7, 2025
Sold by
Friedman Robert F and Friedman Sharon L
Bought by
Balsam Barbara C and Balsam Carl E
Seller's Agent
Ryan Fischer
RE/MAX Results
Buyer's Agent
Hoda Zia
Edina Realty, Inc.
List Price
$429,000
Sold Price
$410,000
Premium/Discount to List
-$19,000
-4.43%
Views
601
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
$3,275
Avg. Annual Appreciation
1.79%
Original Mortgage
$328,000
Outstanding Balance
$327,455
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$85,537
Purchase Details
Closed on
Aug 5, 2022
Sold by
Robert F Friedman Revocable Trust
Bought by
Friedman Robert F and Friedman Sharon L
Purchase Details
Closed on
Apr 7, 2006
Sold by
Turnstone Riverwest Llc
Bought by
Friedman Robert and Friedman Sharon
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 |
|---|---|---|---|
| Balsam Barbara C | $410,000 | Results Title | |
| Friedman Robert F | $500 | Results Title | |
| Friedman Robert F | $500 | Results Title | |
| Robert F Friedman Revocable Trust | $500 | Results Title | |
| Friedman Robert F | $500 | -- | |
| Friedman Robert | $402,894 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Balsam Barbara C | $328,000 | |
| Previous Owner | Friedman Robert | $250,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/10/2025 03/10/25 | Sold | $410,000 | -4.4% | $324 / Sq Ft |
| 02/21/2025 02/21/25 | Pending | -- | -- | -- |
| 01/07/2025 01/07/25 | For Sale | $429,000 | -- | $339 / 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 | $5,431 | $411,000 | $30,000 | $381,000 |
| 2022 | $5,872 | $394,000 | $28,000 | $366,000 |
| 2021 | $5,668 | $422,000 | $24,000 | $398,000 |
| 2020 | $6,141 | $422,000 | $23,000 | $399,000 |
| 2019 | $6,086 | $422,000 | $11,500 | $410,500 |
| 2018 | $5,726 | $406,000 | $11,500 | $394,500 |
| 2017 | $5,245 | $339,000 | $11,500 | $327,500 |
| 2016 | $5,097 | $320,500 | $11,500 | $309,000 |
| 2015 | $4,835 | $298,500 | $11,500 | $287,000 |
| 2014 | -- | $261,000 | $11,500 | $249,500 |
Source: Public Records
Agents Affiliated with this Home
-
-
H
Buyer's Agent in 2025
Hoda Zia
Edina Realty, Inc.
(651) 485-3043
3 in this area
36 Total Sales
Map
Source: NorthstarMLS
MLS Number: 6646381
APN: 23-029-24-31-0395
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