45 University Ave SE Unit 405 Minneapolis, MN 55414
Nicollet Island NeighborhoodEstimated Value: $757,000 - $1,096,000
3
Beds
3
Baths
2,473
Sq Ft
$1,488/mo
HOA Fee
Highlights
- City View
- Elevator
- Walk-In Closet
- Deck
- 2 Car Attached Garage
- 4-minute walk to Holmes Park
About This Home
As of December 2022Escape the hustle & bustle on the downtown side of the river & enjoy the same great award-winning cuisine & urban amenities in this more intimate setting.This large & sunny corner unit in the popular Cobalt building is located DIRECTLY above Lunds & Byerlys, Caribou Coffee, Bachman’s Flowers, & dry cleaners — all accessed right from condo lobby. Stunning panoramic views w/floor-to-ceiling windows in every room. 3 full beds, 3 baths, 2 balconies, separate laundry, Mecho shades on all windows, many built-ins, & TONS of storage. One of only 14 units 2,000sf or larger at Cobalt & rarely available - last was in 2015. Exceptionally functional layout with high-profile city views & sunsets on Southwest side and privacy & sunrises on Northeast side.HOA is financially sound w/over $1.5 million in reserves & NEVER a special assessment. Dues include everything but electric (avg $50-85/mo). On site caretaker & office mgr are experienced, friendly, & extremely attentive.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $16,179
Year Built
- Built in 2006
Lot Details
- 2
HOA Fees
- $1,488 Monthly HOA Fees
Parking
- 2 Car Attached Garage
- Heated Garage
- Assigned Parking
Home Design
- Flat Roof Shape
Interior Spaces
- 2,473 Sq Ft Home
- 2-Story Property
- Family Room
- Living Room
- City Views
Kitchen
- Range
- Microwave
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 3 Bedrooms
- Walk-In Closet
Laundry
- Dryer
- Washer
Utilities
- Central Air
- Baseboard Heating
- Hot Water Heating System
Additional Features
- Deck
- Additional Parcels
Listing and Financial Details
- Assessor Parcel Number 2302924130662
Community Details
Overview
- Association fees include air conditioning, maintenance structure, cable TV, controlled access, gas, hazard insurance, heating, internet, parking, professional mgmt, trash, shared amenities, lawn care, water
- First Service Residential Association, Phone Number (952) 277-2700
- High-Rise Condominium
- Cobalt Condos Subdivision
- Car Wash Area
Amenities
- Elevator
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 8, 2022
Closed on
Dec 1, 2022
Sold by
Mary Lou Burdick Revocable Trust
Bought by
Hilton Scott and Hilton Heidi
Seller's Agent
Scott Parkin
Verve Realty
Buyer's Agent
Audra Wander
Keller Williams Classic Realty
List Price
$1,095,000
Sold Price
$850,000
Premium/Discount to List
-$245,000
-22.37%
Total Days on Market
206
Views
1
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
$110,712
Avg. Annual Appreciation
4.98%
Original Mortgage
$637,500
Outstanding Balance
$621,427
Interest Rate
6.49%
Estimated Equity
$339,285
Purchase Details
Closed on
May 2, 2012
Sold by
Burdick Allan L and Burdick Mary Lou
Bought by
Burdick Allan L and Allan L Burdick Revocable Trust
Purchase Details
Closed on
Dec 8, 2006
Sold by
Cobalt Condominiums Llc
Bought by
Burdick Allan L and Burdick Mary Lou
Similar Homes in Minneapolis, MN
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 |
|---|---|---|---|
| Hilton Scott | $425,000 | All American Title Company | |
| Hilton Scott | $425,000 | -- | |
| Burdick Allan L | -- | None Available | |
| Burdick Allan L | $910,341 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Hilton Scott | $637,500 | |
| Closed | Hilton Scott | $637,500 | |
| Previous Owner | Burdick Allan L | $323,000 | |
| Previous Owner | Burdick Allan L | $242,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/09/2022 12/09/22 | Sold | $850,000 | -5.5% | $344 / Sq Ft |
| 10/31/2022 10/31/22 | Pending | -- | -- | -- |
| 10/10/2022 10/10/22 | Price Changed | $899,900 | -9.7% | $364 / Sq Ft |
| 08/30/2022 08/30/22 | Price Changed | $997,000 | -8.9% | $403 / Sq Ft |
| 04/08/2022 04/08/22 | For Sale | $1,095,000 | -- | $443 / 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 | $14,509 | $999,000 | $33,000 | $966,000 |
| 2022 | $15,407 | $999,000 | $33,000 | $966,000 |
| 2021 | $14,840 | $999,000 | $33,000 | $966,000 |
| 2020 | $16,430 | $999,000 | $10,700 | $988,300 |
| 2019 | $16,186 | $1,019,500 | $10,700 | $1,008,800 |
| 2018 | $15,149 | $980,500 | $10,700 | $969,800 |
| 2017 | $15,504 | $916,500 | $10,700 | $905,800 |
| 2016 | $14,624 | $845,000 | $10,700 | $834,300 |
| 2015 | $14,162 | $786,500 | $10,700 | $775,800 |
| 2014 | -- | $695,500 | $10,700 | $684,800 |
Source: Public Records
Agents Affiliated with this Home
-
Scott Parkin
Seller's Agent in 2022
Scott Parkin
Verve Realty
(612) 310-8247
24 in this area
93 Total Sales
-
Mitra Rahimi
Seller Co-Listing Agent in 2022
Mitra Rahimi
Verve Realty
(612) 718-1239
11 in this area
76 Total Sales
-
Audra Wander
A
Buyer's Agent in 2022
Audra Wander
Keller Williams Classic Realty
(763) 746-4900
2 in this area
126 Total Sales
-
Debra & Audra Miller
Buyer Co-Listing Agent in 2022
Debra & Audra Miller
Keller Williams Classic Realty
(612) 735-9839
2 in this area
132 Total Sales
Map
Source: NorthstarMLS
MLS Number: 6170403
APN: 23-029-24-13-0662
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