NOT LISTED FOR SALE

401 S 1st St Unit 1721 Minneapolis, MN 55401

Downtown West Neighborhood

Estimated Value: $218,849 - $249,000

1 Bed
1 Bath
698 Sq Ft
$398/ mo HOA Fee

Last Sold August 18, 2023

Last sale price $214,500 $307 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $1,902/month

186 Days on Market

Highlights

  • 24-Hour Guard
  • Sauna
  • Lobby
  • Heated In Ground Pool
  • 1 Car Attached Garage
  • 3-minute walk to Mill Ruins Park

About This Home

As of August 2023

You'll love this luxurious, updated condo with stunning views of downtown Minneapolis from the 17th floor. This home offers stainless steel appliances, granite countertops, fresh paint, and new carpet throughout. The in-unit washer and dryer are a bonus. You also get a storage unit on the same floor and an indoor heated parking stall. The many shared amenities at Riverwest include social rooms, a full fitness center, an outdoor pool and deck, a sauna, a hot tub, patio and grill areas - plus an on-site dog park! It's easy access to walking and bike trails, and just a short walk to the Mississippi river, parks, restaurants, grocery stores, and more!

Last Agent to Sell the Property

Paul Gonsior

Real Broker, LLC Listed on: 01/08/2023

Real Broker, LLC

Last Buyer's Agent

Fritz Kroll

Edina Realty, Inc.

Edina Realty, Inc.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,527

Year Built

  • Built in 1989

Lot Details

  • 1.62

HOA Fees

  • $398 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Heated Garage
  • Insulated Garage
  • Garage Door Opener
  • Guest Parking

Interior Spaces

  • 698 Sq Ft Home
  • 1-Story Property
  • Combination Dining and Living Room
  • Sauna

Kitchen

  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Additional Features

  • Accessible Elevator Installed
  • Heated In Ground Pool
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 2302924310437

Community Details

Overview

  • Association fees include air conditioning, controlled access, heating, internet, lawn care, ground maintenance, parking, professional mgmt, trash, security, shared amenities, snow removal, water
  • First Service Residential Association, Phone Number (952) 277-2700
  • High-Rise Condominium
  • Cic 1487 Riverwest Condo Subdivision
  • Car Wash Area

Recreation

  • Community Pool
  • Community Spa

Additional Features

  • Lobby
  • Security
  • 24-Hour Guard

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,527

Year Built

Built in 1989

Lot Details

1.62 Acres

HOA Fees

$398 per month

Parking

1

Listing Details

  • Type: Residential
  • Property Subtype 1: High Rise
  • Cooling System: Central Air
  • Garage Spaces: 1
  • Accessibility Features: Accessible Elevator Installed
  • Water Source: City Water/Connected
  • Association Amenities: Guard - 24 Hour, Car Wash, Concrete Floors & Walls, Elevator(s), Spa/Hot Tub, Lobby Entrance, Sauna, Security
  • Fee Frequency: Monthly
  • Year Built: 1989
  • Above Grade Finished Sq Ft: 698
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Basement: None
  • Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
  • Living Area: 698
  • Fireplace: No
  • Basement YN: No
  • Dining Room Type: Living Room, Dining Room, Kitchen, Bedroom 1
  • Shared Rooms: Amusement/Party Room,Community Room,Exercise Room

Beds/Baths

  • Full Bathrooms: 1
  • Total Bedrooms: 1

Exterior Features

  • PoolFeatures: Below Ground, Heated, Outdoor Pool, Shared
  • ConstructionMaterialsDesc: Block,Concrete
  • Neighborhood: Downtown West

Garage/Parking

  • Parking Features: Assigned, Attached Garage, Concrete, Garage Door Opener, Guest Parking, Heated Garage, Insulated Garage, Parking Garage

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • Electric: Circuit Breakers
  • Fuel: Natural Gas
  • Power Company: Xcel Energy

Condo/Co-op/Association

  • HOA Fee Includes: Air Conditioning, Controlled Access, Heating, Internet, Lawn Care, Maintenance Grounds, Parking, Professional Mgmt, Trash, Security, Shared Amenities, Snow Removal, Water
  • Phone: 952-277-2700
  • Association Fee: 398
  • Association: Yes
  • Amenities Unit: Balcony,Ceiling Fan(s),Hardwood Floors

Association/Amenities

  • HOA Management Co: First Service Residential

Schools

  • Junior High Dist: Minneapolis
  • SchoolDistrictPhone: 612-668-0000

Lot Info

  • PropertyAttachedYN: Yes
  • Lot Size: Common
  • Lot Size Sq Ft: 70741.44
  • Land Lease: No
  • Lot Features: Public Transit (w/in 6 blks)
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Brick/Stone

Tax Info

  • Tax Year: 2022
  • Assessor Parcel Number: 2302924310437
  • Tax Annual Amount: 3527
  • TaxWithAssessments: 3527.0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 8, 2023
Closed on
Jul 27, 2023
Sold by
Carlson Kathleen Persoon and Carlson Nicholas
Bought by
Riverwest 1721 Llc
Seller's Agent
Paul Gonsior
Real Broker, LLC
Buyer's Agent
Fritz Kroll
Edina Realty, Inc.
List Price
$220,000
Sold Price
$214,500
Premium/Discount to List
-$5,500
-2.5%
Views
45
Current Estimated Value
$238,212

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$23,712
Avg. Annual Appreciation
4.15%

Purchase Details

Closed on
Dec 16, 2019
Sold by
Persoon Mary B
Bought by
Persoon Mary B and Persoon Kathleen

Purchase Details

Closed on
May 19, 2015
Sold by
Taylor Michael Emory
Bought by
Carlson David C and Persoon Mary B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$146,250
Interest Rate
3.64%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 19, 2012
Sold by
Mcginty David J
Bought by
Pennings Danielle Sophia and Taylor Michael Emory

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,177
Interest Rate
3.75%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 18, 2006
Sold by
Turnstone Riverwest Llc
Bought by
Mcginty David J
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Riverwest 1721 Llc $214,500 Titlesmart
Persoon Mary B -- None Available
Carlson David C $195,000 Edina Realty Title Inc
Pennings Danielle Sophia $158,500 Home Title
Mcginty David J $207,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Carlson David C $146,250
Previous Owner Pennings Danielle Sophia $144,177
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/18/2023 08/18/23 Sold $214,500 -2.5% $307 / Sq Ft
07/13/2023 07/13/23 Pending -- -- --
07/03/2023 07/03/23 For Sale $220,000 0.0% $315 / Sq Ft
06/30/2023 06/30/23 Pending -- -- --
03/08/2023 03/08/23 Price Changed $220,000 -3.9% $315 / Sq Ft
02/15/2023 02/15/23 Price Changed $229,000 -2.1% $328 / Sq Ft
01/08/2023 01/08/23 For Sale $234,000 -- $335 / Sq Ft
Source: NorthstarMLS

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
2024 $3,183 $214,000 $16,000 $198,000
2023 $3,107 $238,000 $16,000 $222,000
2022 $3,527 $229,000 $15,000 $214,000
2021 $3,404 $254,500 $13,300 $241,200
2020 $3,689 $254,500 $13,300 $241,200
2019 $3,650 $254,500 $7,000 $247,500
2018 $3,433 $244,500 $7,000 $237,500
2017 $3,341 $207,000 $7,000 $200,000
2016 $3,109 $195,500 $7,000 $188,500
2015 $3,047 $182,500 $7,000 $175,500
2014 -- $159,500 $7,000 $152,500
Source: Public Records

Agents Affiliated with this Home

  • Paul Gonsior

    Seller's Agent in 2023

    Paul Gonsior

    Real Broker, LLC

    (612) 702-4838

    1 in this area

    78 Total Sales

    Paul Gonsior
    Section Image
  • Fritz Kroll

    Buyer's Agent in 2023

    Fritz Kroll

    Edina Realty, Inc.

    (612) 347-8088

    19 in this area

    174 Total Sales

    Fritz Kroll
    Section Image
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Map

Source: NorthstarMLS

MLS Number: 6321615

NorthstarMLS

APN: 23-029-24-31-0437

Minnesota Hennepin County Minneapolis 55401 Downtown West

401 S 1st St Unit 1721, Minneapolis, MN

Not Listed for Sale

Condos

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Based on information submitted to the MLS GRID

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