NOT LISTED FOR SALE

45 University Ave SE Unit 313 Minneapolis, MN 55414

Nicollet Island Neighborhood

Estimated Value: $309,353

1 Bed
1 Bath
866 Sq Ft
$571/mo HOA Fee

Last Sold March 11, 2024

Last sale price $325,000 $375 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $2,597/month

103 Days on Market

Highlights

  • Patio
  • 1-Story Property
  • Baseboard Heating
  • Living Room
  • Central Air
  • 4-minute walk to Holmes Park

About This Home

As of March 2024

Gorgeous condo available in the highly sought after Cobalt Condominiums building located in the heart of Northeast. The 10-story modern design sets itself apart from others with great conveniences literally at your doorstep - first floor neighbors are Lund's & Byerly's, Caribou Coffee, Drycleaners, Bachman's Flowers, plus Check & Don's pet supply. Experience this wonderful community and all of the amazing amenities it has to offer. This condo features hardwood floors, private balcony, floor-to-ceiling glass & small electric bill. Walk to everything in this European-style riverfront neighborhood Also noteworthy, the HOA recently completed electrical updates to the garage to allow owners to install EV charging ports for a modest fee.

Last Listed By

Andrea Vorachek

Keller Williams Realty Integrity Listed on: 10/05/2023

Keller Williams Realty Integrity

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,566

Year Built

  • Built in 2006

Lot Details

  • 2.02

HOA Fees

  • $571 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Heated Garage
  • Garage Door Opener
  • Assigned Parking

Interior Spaces

  • 866 Sq Ft Home
  • 1-Story Property
  • Living Room

Kitchen

  • Range
  • Microwave

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Patio

Utilities

  • Central Air
  • Baseboard Heating
  • Hot Water Heating System
  • Radiant Heating System

Community Details

  • Association fees include air conditioning, maintenance structure, cable TV, hazard insurance, heating, internet, ground maintenance, parking, professional mgmt, trash, security, shared amenities, snow removal, water
  • First Service Residential Association, Phone Number (952) 227-2700
  • High-Rise Condominium
  • Cic 1470 Cobalt Condos Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2302924130654

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,566

Year Built

Built in 2006

Lot Details

0

HOA Fees

$571 per month

Parking

1

Listing Details

  • Type: Residential
  • Property Subtype 1: High Rise
  • Cooling System: Central Air
  • Garage Spaces: 1
  • Accessibility Features: Doors 36"+, Accessible Elevator Installed, Hallways 42"+, Door Lever Handles, No Stairs Internal
  • Water Source: City Water/Connected
  • Fee Frequency: Monthly
  • Year Built: 2006
  • Above Grade Finished Sq Ft: 866
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Basement: None
  • Appliances: Dryer, Microwave, Range, Refrigerator, Washer
  • Living Area: 866
  • Fireplace: No
  • Basement YN: No
  • Dining Room Type: Living Room, Kitchen, Bedroom 1, Patio
  • Shared Rooms: Amusement/Party Room,Exercise Room

Beds/Baths

  • Full Bathrooms: 1
  • Total Bedrooms: 1

Exterior Features

  • Neighborhood: Nicollet Island - East Bank

Garage/Parking

  • Parking Features: Assigned, Garage Door Opener, Heated Garage, Underground

Utilities

  • Heating: Baseboard, Hot Water, Radiant
  • Sewer: City Sewer/Connected
  • Fuel: Natural Gas

Condo/Co-op/Association

  • HOA Fee Includes: Air Conditioning, Maintenance Structure, Cable TV, Hazard Insurance, Heating, Internet, Maintenance Grounds, Parking, Professional Mgmt, Trash, Security, Shared Amenities, Snow Removal, Water
  • Phone: 952-227-2700
  • Association Fee: 571
  • Association: Yes

Association/Amenities

  • HOA Management Co: First Service Residential

Schools

  • Junior High Dist: Minneapolis
  • SchoolDistrictNumber: 1
  • SchoolDistrictPhone: 612-668-0000

Lot Info

  • PropertyAttachedYN: Yes
  • Lot Size: 0
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Other
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Brick/Stone, Metal Siding, Other

Tax Info

  • Tax Year: 2023
  • Assessor Parcel Number: 2302924130654
  • Tax Annual Amount: 3566
  • TaxWithAssessments: 3566.0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 5, 2023
Closed on
Mar 11, 2024
Sold by
Burke Michael and Burke Bridget
Bought by
Iwen Aaron
Seller's Agent
Andrea Vorachek
Keller Williams Realty Integrity
Buyer's Agent
Keith Swanson
Coldwell Banker Realty
List Price
$335,000
Sold Price
$325,000
Premium/Discount to List
-$10,000
-2.99%
Total Days on Market
103
Views
71
Current Estimated Value
$309,353

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$15,647
Avg. Annual Appreciation
-4.00%
Original Mortgage
$195,000
Outstanding Balance
$192,694
Interest Rate
6.64%
Mortgage Type
New Conventional
Estimated Equity
$116,659

Purchase Details

Closed on
May 1, 2017
Sold by
Spanbauer Jennifer and Graca Sean
Bought by
Thompson Bridget D

Purchase Details

Closed on
May 24, 2007
Sold by
Cobalt Condominiums Llc
Bought by
Spanbauer Jennifer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,000
Interest Rate
6.2%
Mortgage Type
New Conventional

Range of Values:

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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
Iwen Aaron $325,000 --
Thompson Bridget D $291,000 Burnet Title
Spanbauer Jennifer $242,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Iwen Aaron M $195,000
Closed Iwen Aaron $195,000
Previous Owner Spanbauer Jennifer $205,000
Previous Owner Spanbauer Jennifer $190,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/11/2024 03/11/24 Sold $325,000 -3.0% $375 / Sq Ft
01/24/2024 01/24/24 Pending -- -- --
12/15/2023 12/15/23 For Sale $335,000 +3.1% $387 / Sq Ft
12/12/2023 12/12/23 Off Market $325,000 -- --
12/01/2023 12/01/23 For Sale $335,000 +3.1% $387 / Sq Ft
11/21/2023 11/21/23 Off Market $325,000 -- --
10/12/2023 10/12/23 For Sale $335,000 -- $387 / Sq Ft
Source: NorthstarMLS

Tax History Compared to Growth

Source: Public Records

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 $3,537 $280,000 $11,000 $269,000
2022 $3,755 $280,000 $11,000 $269,000
2021 $3,603 $280,000 $11,000 $269,000
2020 $4,058 $280,000 $4,700 $275,300
2019 $4,703 $280,000 $4,700 $275,300
2018 $4,424 $315,000 $4,700 $310,300
2017 $4,357 $283,000 $4,700 $278,300
2016 $4,151 $261,000 $4,700 $256,300
2015 $3,859 $243,000 $4,700 $238,300
2014 -- $215,000 $4,700 $210,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6447172

NorthstarMLS

APN: 23-029-24-13-0654