Seller's Agent in 2025
William Pauling
Keller Williams Premier Realty Lake Minnetonka
(952) 942-5387
1 in this area
180 Total Sales
408 N 1st St Unit 407 Minneapolis, MN 55401
North Loop Neighborhood
2
Beds
2
Baths
2,042
Sq Ft
$1,018/mo
HOA Fee
Highlights
- Elevator
- Subterranean Parking
- Laundry Room
- Double Oven
- Walk-In Closet
- 3-minute walk to North Loop Playground
About This Home
As of February 2025Discover this 2-bedroom, 2-bathroom condo featuring a large den—perfect for use as a home office or easily converted into a third bedroom—in the heart of the vibrant North Loop, known as "the hottest neighborhood in town" (as featured in Mpls St. Paul Magazine).
With walkability to everything, this home offers access to some of the city’s best amenities, parks, and restaurants. Enjoy the Mississippi Walking Trail just a block away, with scenic paths that stretch to Minnehaha Park, Boom Island, Nicollet Island, and the Stone Arch Bridge—perfect for year-round strolling, jogging, biking, and cross-country skiing. The North Loop Playground and nearby Theodore Wirth Park provide additional outdoor fun for all seasons.
This condo offers the convenience of two heated interior garage spaces, large storage cabinets, and bike racks with room for strollers or joggers. A full-size exercise gym in the building adds to the ease of living. Recent upgrades include new carpet and refinished wood floors (Oct '24), plus updated common areas with new carpet, sconces, and fresh paint (2023). The kitchen features a stainless steel backsplash installed in 2021.
The association fee covers air conditioning, heat, internet, cable TV, and more, ensuring a worry-free lifestyle. This condo is just steps from top local eateries, including Spoon and Stable, Maison Margaux, Bar La Grassa, Owamni, and more. With quick access to Target Field, the Mill City Farmers Market, Light Rail, and Minneapolis Orchestra Hall, you’ll experience the best the city has to offer right at your doorstep.
Don't miss your chance to live in this sought-after neighborhood!
Last Agent to Sell the Property
Keller Williams Premier Realty Lake Minnetonka Listed on: 10/23/2024
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $7,458
Year Built
- Built in 2001
HOA Fees
- $1,018 Monthly HOA Fees
Parking
- Subterranean Parking
- Heated Garage
Interior Spaces
- 2,042 Sq Ft Home
- 1-Story Property
- Gas Fireplace
- Family Room
- Living Room with Fireplace
Kitchen
- Double Oven
- Cooktop
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 2 Bedrooms
- Walk-In Closet
- 2 Full Bathrooms
Laundry
- Laundry Room
- Dryer
- Washer
Home Security
Utilities
- Central Air
- Vented Exhaust Fan
- Baseboard Heating
- Hot Water Heating System
Listing and Financial Details
- Assessor Parcel Number 2202924140317
Community Details
Overview
- Association fees include air conditioning, maintenance structure, cable TV, controlled access, hazard insurance, heating, internet, ground maintenance, professional mgmt, trash, sewer, shared amenities, snow removal
- First Service Residential Association, Phone Number (952) 277-2700
- High-Rise Condominium
- Cic 1052 Lindsay Lofts Condo Subdivision
Additional Features
- Elevator
- Security
- Fire Sprinkler System
Matterport 3D Tour
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 23, 2024
Closed on
Jan 23, 2025
Sold by
Peter David and Choi Woojeong
Bought by
Scroggs Jeffrey A and Scroggs Diane L
Seller's Agent
William Pauling
Keller Williams Premier Realty Lake Minnetonka
Buyer's Agent
Christopher Friend
Edina Realty, Inc.
List Price
$579,900
Sold Price
$540,000
Premium/Discount to List
-$39,900
-6.88%
Views
45
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
$19,153
Avg. Annual Appreciation
4.40%
Original Mortgage
$432,000
Outstanding Balance
$429,023
Interest Rate
6.85%
Mortgage Type
Credit Line Revolving
Estimated Equity
$130,130
Purchase Details
Closed on
Jul 23, 2019
Sold by
Gans Jeffrey K and Gans Kimberly L
Bought by
Peter David and Choi Woojeong
Purchase Details
Closed on
May 29, 2003
Sold by
Kelly Kevin M
Bought by
Jeffrey K and Kimberly L
Purchase Details
Closed on
Mar 29, 2002
Sold by
Lindsay Ii Llc
Bought by
Kelly Kevin M
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $540,000 | Great North Title | |
| Warranty Deed | $580,000 | Edina Realty Title Inc | |
| Warranty Deed | $475,000 | -- | |
| Warranty Deed | $427,900 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $432,000 | Credit Line Revolving |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/03/2025 02/03/25 | Sold | $540,000 | 0.0% | $264 / Sq Ft |
| 01/23/2025 01/23/25 | Pending | -- | -- | -- |
| 12/23/2024 12/23/24 | Off Market | $540,000 | -- | -- |
| 11/27/2024 11/27/24 | Price Changed | $550,000 | -5.2% | $269 / Sq Ft |
| 10/24/2024 10/24/24 | For Sale | $579,900 | -- | $284 / 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 |
|---|---|---|---|---|
| 2024 | $7,706 | $515,000 | $55,000 | $460,000 |
| 2023 | $6,703 | $511,000 | $44,000 | $467,000 |
| 2022 | $7,669 | $511,000 | $42,000 | $469,000 |
| 2021 | $7,399 | $543,500 | $40,000 | $503,500 |
| 2020 | $7,831 | $543,500 | $26,400 | $517,100 |
| 2019 | $8,064 | $533,000 | $17,600 | $515,400 |
| 2018 | $7,482 | $533,000 | $17,600 | $515,400 |
| 2017 | $6,790 | $441,000 | $17,600 | $423,400 |
| 2016 | $6,505 | $409,000 | $17,600 | $391,400 |
| 2015 | $6,353 | $380,500 | $17,600 | $362,900 |
| 2014 | -- | $349,000 | $17,600 | $331,400 |
Source: Public Records
Agents Affiliated with this Home
-
William Pauling
-
Christopher Friend
Buyer's Agent in 2025
Christopher Friend
Edina Realty, Inc.
(612) 827-5847
10 in this area
182 Total Sales
Map
Source: NorthstarMLS
MLS Number: 6621395
APN: 22-029-24-14-0317
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