Seller's Agent in 2023
Moe Mossa
Savvy Avenue, LLC
(888) 490-1268
3 in this area
2,751 Total Sales
433 S 7th St Unit 2225 Minneapolis, MN 55415
Downtown West NeighborhoodEstimated Value: $169,000 - $201,675
2
Beds
2
Baths
865
Sq Ft
$568/mo
HOA Fee
Highlights
- Heated Above Ground Pool
- City View
- Elevator
- Sauna
- Community Garden
- The kitchen features windows
About This Home
As of January 2023Don't let this deal pass by! The HOA special assessment of $40.02/sqft x 865 = $34,616 ($229/month for 20 yrs at 5.5% starting 5/1/2019, HOA published info) has been paid off by the seller. If not paid, $229 a month for the remaining 16.5 yrs is worth $30K, translating to $35/sqft. This unit is priced at $168,000 ($194/sqft) if the buyer were to pay assessment. The true cost is $194/sqft, not $229/sqft. So ask about the assessment balance, avoid a $30,000 mistake because overlooking a seemingly small $250/month assessment. The difference is $35 per sqft. 1. Sunlit southwest facing, up & high level, panoramic view, sunset over dinner, and amazing city view at night.2. Convenient Downtown location, skyway access. Light rail is 1.5 blocks away.3. Heated swimming pool, flower garden, and BBQ on the rooftop. New fitness center and party rooms. 4. The HOA association due is $568.93/month, cable is $32.66/month, Internet is $28.33/month. 5. Most furniture can be included.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $2,314
Year Built
- Built in 1985
Lot Details
- 1.17
HOA Fees
- $568 Monthly HOA Fees
Home Design
- Concrete Roof
Interior Spaces
- 865 Sq Ft Home
- 1-Story Property
- Living Room
- Sauna
- City Views
Kitchen
- Range
- Microwave
- Dishwasher
- Disposal
- The kitchen features windows
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Full Bathrooms
Home Security
Additional Features
- Heated Above Ground Pool
- Baseboard Heating
Listing and Financial Details
- Assessor Parcel Number 2602924220307
Community Details
Overview
- Association fees include maintenance structure, cable TV, hazard insurance, heating, internet, lawn care, ground maintenance, professional mgmt, recreation facility, trash, security, shared amenities, snow removal, water
- Firstservice Residential Association, Phone Number (612) 339-1408
- High-Rise Condominium
- Car Wash Area
Amenities
- Community Garden
- Elevator
Recreation
- Community Pool
Security
- Fire Sprinkler System
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 19, 2022
Closed on
Jan 17, 2023
Sold by
Gong Eric and Gong Ling
Bought by
Bharath Anshul
Seller's Agent
Moe Mossa
Savvy Avenue, LLC
Buyer's Agent
Isaac Larson
Jason Mitchell Group
List Price
$200,000
Sold Price
$194,000
Premium/Discount to List
-$6,000
-3%
Views
2
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
-$5,331
Avg. Annual Appreciation
-1.76%
Original Mortgage
$155,200
Outstanding Balance
$149,386
Interest Rate
5.13%
Mortgage Type
New Conventional
Estimated Equity
$35,585
Purchase Details
Closed on
Aug 2, 2019
Sold by
Omori John S
Bought by
Gong Eric
Purchase Details
Closed on
Jul 2, 2019
Sold by
Omori John S
Bought by
Gong Eric
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 |
|---|---|---|---|
| Bharath Anshul | $194,000 | Trademark Title | |
| Gong Eric | $189,900 | Edina Realty Title | |
| Gong Eric | $189,900 | Edina Realty Title Inc |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Bharath Anshul | $155,200 | |
| Previous Owner | Omori John S | $99,581 | |
| Previous Owner | Omori John | $60,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/17/2023 01/17/23 | Sold | $194,000 | -2.0% | $224 / Sq Ft |
| 11/11/2022 11/11/22 | Pending | -- | -- | -- |
| 08/30/2022 08/30/22 | Price Changed | $198,000 | -1.0% | $229 / Sq Ft |
| 05/19/2022 05/19/22 | For Sale | $200,000 | -- | $231 / 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 | $2,243 | $190,000 | $26,000 | $164,000 |
| 2022 | $2,314 | $185,000 | $24,000 | $161,000 |
| 2021 | $2,238 | $185,500 | $21,000 | $164,500 |
| 2020 | $2,214 | $185,500 | $20,900 | $164,600 |
| 2019 | $2,135 | $170,500 | $14,400 | $156,100 |
| 2018 | $1,971 | $162,500 | $14,400 | $148,100 |
| 2017 | $2,075 | $148,500 | $14,400 | $134,100 |
| 2016 | $1,983 | $145,500 | $14,400 | $131,100 |
| 2015 | $1,750 | $127,000 | $14,400 | $112,600 |
| 2014 | -- | $119,500 | $14,400 | $105,100 |
Source: Public Records
Agents Affiliated with this Home
-
Moe Mossa
-
Isaac Larson
Buyer's Agent in 2023
Isaac Larson
Jason Mitchell Group
(612) 790-8292
1 in this area
99 Total Sales
Map
Source: NorthstarMLS
MLS Number: 6199148
APN: 26-029-24-22-0307
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked.
Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.
The DMCA requires that your notice of alleged copyright infringement include the following information:
(1) description of the copyrighted work that is the subject of claimed infringement;
(2) description of the alleged infringing content and information sufficient to permit us to locate the content;
(3) contact information for you, including your address, telephone number and email address;
(4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law;
(5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and
(6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.
Nearby Homes
- 433 S 7th St Unit 1822
- 433 S 7th St Unit 1711
- 433 S 7th St Unit 1525
- 433 S 7th St Unit 1603
- 433 S 7th St Unit 1919
- 433 S 7th St Unit 1508
- 433 S 7th St Unit 1824
- 433 S 7th St Unit 1814
- 433 S 7th St Unit 1717
- 433 S 7th St Unit 1624
- 433 S 7th St Unit 1623
- 433 S 7th St Unit 1609
- 431 S 7th St Unit 2635
- 431 S 7th St Unit 2603
- 431 S 7th St Unit 2605
- 521 S 7th St Unit 510
- 521 S 7th St Unit 419
- 521 S 7th St Unit 416
- 521 S 7th St Unit 602
- 521 S 7th St Unit 311
- 433 S 7th St Unit 2227
- 433 S 7th St Unit 2326
- 433 S 7th St Unit 2322
- 433 S 7th St Unit 2320
- 433 S 7th St Unit 2328
- 433 S 7th St Unit 2327
- 433 S 7th St Unit 2325
- 433 S 7th St Unit 2323
- 433 S 7th St Unit 2321
- 433 S 7th St Unit 2319
- 433 S 7th St Unit 2317
- 433 S 7th St Unit 2316
- 433 S 7th St Unit 2315
- 433 S 7th St Unit 2313
- 433 S 7th St Unit 2312
- 433 S 7th St Unit 2311
- 433 S 7th St Unit 2310
- 433 S 7th St Unit 2309
- 433 S 7th St Unit 2308
- 433 S 7th St Unit 2307