408 N 1st St Unit 502 Minneapolis, MN 55401
North Loop NeighborhoodEstimated Value: $545,000 - $607,000
2
Beds
2
Baths
1,900
Sq Ft
$795/mo
HOA Fee
Highlights
- 1 Fireplace
- 1-Story Property
- Heated Garage
- Living Room
- Forced Air Heating and Cooling System
- 3-minute walk to North Loop Playground
About This Home
As of April 2023Recently updated 2-bedroom, 2-bathroom Lindsay Lofts unit now available. Finishes included hardwood flooring, stainless steel appliances, granite counters, kitchen island, fireplace, large master suite with built in closets, balcony, large den, and tons of storage in unit. Located in the residential area of the North Loop neighborhood just 1 block from West River Parkway and Mississippi River, 5 blocks to Target Field and Light Rail Station, and easy access to the highway system; Lindsay Lofts is a quiet, yet walkable location for downtown residences!
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $7,049
Year Built
- Built in 2001
Lot Details
- 0.52
HOA Fees
- $795 Monthly HOA Fees
Parking
- 1 Car Garage
- Heated Garage
Interior Spaces
- 1,900 Sq Ft Home
- 1-Story Property
- 1 Fireplace
- Living Room
Kitchen
- Range
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Full Bathrooms
Laundry
- Dryer
- Washer
Utilities
- Forced Air Heating and Cooling System
Community Details
- Association fees include air conditioning, maintenance structure, cable TV, hazard insurance, heating, ground maintenance, parking, professional mgmt, trash, security, shared amenities, snow removal, water
- First Service Residential Association, Phone Number (952) 277-2700
- High-Rise Condominium
- Lindsay Lofts Subdivision
Listing and Financial Details
- Assessor Parcel Number 2202924140322
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 17, 2023
Closed on
Apr 3, 2023
Sold by
Julia S Burgess Living Trust
Bought by
Davis Elizabeth Mary
Seller's Agent
Isaac Kuehn
DRG
Buyer's Agent
Zach Olson
DRG
List Price
$519,900
Sold Price
$510,000
Premium/Discount to List
-$9,900
-1.9%
Total Days on Market
365
Views
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
$58,256
Avg. Annual Appreciation
5.02%
Original Mortgage
$260,000
Outstanding Balance
$254,103
Interest Rate
6.6%
Mortgage Type
New Conventional
Estimated Equity
$314,153
Purchase Details
Closed on
May 25, 2021
Sold by
Burgess Wade M and Burgess Julia S
Bought by
Julia S Burgess Living Trust
Similar Homes in Minneapolis, MN
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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 |
|---|---|---|---|
| Davis Elizabeth Mary | $510,000 | Titlenexus | |
| Julia S Burgess Living Trust | $500 | -- | |
| Burgess Julia S | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Davis Elizabeth Mary | $260,000 | |
| Previous Owner | Willey Julia S | $444,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/03/2023 04/03/23 | Sold | $510,000 | -1.9% | $268 / Sq Ft |
| 02/28/2023 02/28/23 | For Sale | $519,900 | 0.0% | $274 / Sq Ft |
| 02/17/2023 02/17/23 | Pending | -- | -- | -- |
| 02/17/2022 02/17/22 | For Sale | $519,900 | -- | $274 / 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 | $6,226 | $477,000 | $41,000 | $436,000 |
| 2022 | $7,049 | $477,000 | $39,000 | $438,000 |
| 2021 | $6,803 | $507,000 | $37,000 | $470,000 |
| 2020 | $7,371 | $507,000 | $24,600 | $482,400 |
| 2019 | $7,592 | $507,000 | $16,400 | $490,600 |
| 2018 | $7,121 | $507,000 | $16,400 | $490,600 |
| 2017 | $6,451 | $419,000 | $16,400 | $402,600 |
| 2016 | $6,179 | $388,500 | $16,400 | $372,100 |
| 2015 | $6,036 | $361,500 | $16,400 | $345,100 |
| 2014 | -- | $331,000 | $16,400 | $314,600 |
Source: Public Records
Agents Affiliated with this Home
-
Isaac Kuehn
Seller's Agent in 2023
Isaac Kuehn
DRG
(651) 238-1277
84 in this area
278 Total Sales
-
Patrick Carson
P
Seller Co-Listing Agent in 2023
Patrick Carson
DRG
(612) 254-0149
44 in this area
167 Total Sales
-
Zach Olson
Buyer's Agent in 2023
Zach Olson
DRG
(218) 282-1237
17 in this area
101 Total Sales
Map
Source: NorthstarMLS
MLS Number: 6334136
APN: 22-029-24-14-0322
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