45 University Ave SE Unit 404 Minneapolis, MN 55414
Nicollet Island Neighborhood
1
Bed
1
Bath
707
Sq Ft
$530/mo
HOA Fee
Highlights
- Deck
- Living Room
- Heated Garage
- Elevator
- Central Air
- 4-minute walk to Holmes Park
About This Home
As of March 2025This attractive and ultra-convenient condo is above Lunds & Byerlys and Caribou Coffee with private condo lobby access. It features floor-to-ceiling windows, private balcony, in-unit laundry, heated underground parking, & storage. Despite being the smallest layout in the building, its smart floor plan is incredibly efficient with lots of storage. Amenities include exercise room, conference room, car wash, & fiber optic internet & cable. The HOA is financially sound with $2 million+ reserves & never a special assessment. Dues include everything but electric (avg $60/mo.) The building's on-site caretaker & manager are experienced, friendly, & extremely attentive. Cobalt has 5 convenient guest stalls in the garage. This popular European-style walking neighborhood in NE Minneapolis' Old Town Business District is nestled amongst parks, the Riverfront, shops, restaurants, & historic charm. Escape the hustle & bustle on the downtown side of the river & enjoy the same great award-winning cuisine & urban amenities in a more intimate setting. Pet friendly.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $3,310
Year Built
- Built in 2006
HOA Fees
- $530 Monthly HOA Fees
Parking
- 1 Car Garage
- Heated Garage
- Garage Door Opener
- Assigned Parking
Home Design
- Rubber Roof
Interior Spaces
- 707 Sq Ft Home
- 2-Story Property
- Living Room
Kitchen
- Range
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- 1 Bedroom
- 1 Full Bathroom
Laundry
- Dryer
- Washer
Home Security
Utilities
- Central Air
- Radiant Heating System
Additional Features
- Deck
- Additional Parcels
Listing and Financial Details
- Assessor Parcel Number 2302924130661
Community Details
Overview
- Association fees include air conditioning, maintenance structure, cable TV, controlled access, gas, hazard insurance, heating, internet, parking, professional mgmt, trash, sewer, shared amenities, lawn care
- First Service Residential Association, Phone Number (952) 277-2700
- High-Rise Condominium
- Cobalt Condominiums Subdivision
- Car Wash Area
Additional Features
- Elevator
- Fire Sprinkler System
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 25, 2025
Closed on
Mar 18, 2025
Sold by
Stanchfield Tyler Scott and Stanchfield Warren R
Bought by
Andrew N Nederveld Living Trust
Seller's Agent
Scott Parkin
Verve Realty
Buyer's Agent
Wayne Groff
Edina Realty, Inc.
List Price
$295,000
Sold Price
$310,000
Premium/Discount to List
$15,000
5.08%
Total Days on Market
27
Views
38
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-15.53%
Purchase Details
Closed on
Apr 24, 2021
Sold by
Stanchfield Jessica Anne and Prudden Randall Thomas
Bought by
Stanchfield Tyler Scott and Stanchfield Warren R
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,200
Interest Rate
3.1%
Mortgage Type
New Conventional
Purchase Details
Closed on
Sep 29, 2015
Sold by
Henke Brett and Henke Anne
Bought by
Stanchfield Jessica Anne and Prudden Randall Thomas
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,600
Interest Rate
3.69%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
Jun 25, 2009
Sold by
Sarquis Edmond E and Sarquis Mirelle B
Bought by
Gorman Anne C
Purchase Details
Closed on
Dec 22, 2006
Sold by
Cobalt Condominiums Llc
Bought by
Not Provided
Map
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Similar Homes in Minneapolis, MN
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $310,000 | Executive Title | |
| Warranty Deed | $269,000 | Edgewater Title Group Llc | |
| Warranty Deed | $245,000 | Burnet Title | |
| Warranty Deed | $242,000 | -- | |
| Warranty Deed | $209,718 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $215,200 | New Conventional | |
| Previous Owner | $215,600 | Adjustable Rate Mortgage/ARM |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/18/2025 03/18/25 | Sold | $310,000 | +5.1% | $438 / Sq Ft |
| 02/21/2025 02/21/25 | Pending | -- | -- | -- |
| 01/27/2025 01/27/25 | For Sale | $295,000 | 0.0% | $417 / Sq Ft |
| 01/27/2025 01/27/25 | Pending | -- | -- | -- |
| 01/25/2025 01/25/25 | For Sale | $295,000 | -- | $417 / 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 |
|---|---|---|---|---|
| 2023 | $3,114 | $250,000 | $9,000 | $241,000 |
| 2022 | $3,755 | $272,000 | $9,000 | $263,000 |
| 2021 | $3,627 | $280,000 | $9,000 | $271,000 |
| 2020 | $3,929 | $280,000 | $2,900 | $277,100 |
| 2019 | $3,868 | $280,000 | $2,900 | $277,100 |
| 2018 | $3,605 | $269,000 | $2,900 | $266,100 |
| 2017 | $3,490 | $239,000 | $2,900 | $236,100 |
| 2016 | $3,288 | $220,500 | $2,900 | $217,600 |
| 2015 | $3,174 | $205,000 | $2,900 | $202,100 |
| 2014 | -- | $181,500 | $2,900 | $178,600 |
Source: Public Records
Source: NorthstarMLS
MLS Number: 6650403
APN: 23-029-24-13-0661
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