NOT LISTED FOR SALE

45 University Ave SE Unit 505 Minneapolis, MN 55414

Nicollet Island Neighborhood

Estimated Value: $597,564 - $721,000

2 Beds
2 Baths
1,477 Sq Ft
$992/mo HOA Fee

Last Sold May 31, 2023

Last sale price $680,000 $460 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $5,006/month

Highlights

  • 87,861 Sq Ft lot
  • 1-Story Property
  • Heated Garage
  • Living Room
  • Forced Air Heating and Cooling System
  • 4-minute walk to Holmes Park

About This Home

As of May 2023

Located in the historic St. Anthony Main neighborhood, above Lund’s grocery, this 5th floor Cobalt Lofts corner 2BR, 2BA condo features amazing western and downtown views from floor to ceiling windows throughout. Additional features include amazing gourmet kitchen, hardwood flooring, 10 ft. ceilings, upgraded lighting, custom blinds, large recessed balcony, and nicely finished bathrooms.

Last Agent to Sell the Property

Mike Seebinger

DRG Listed on: 03/28/2023

Co-Listed By

Patrick Carson

DRG

Last Buyer's Agent

Morgan Clawson

Edina Realty, Inc.

Edina Realty, Inc.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $8,662

Year Built

  • Built in 2006

Lot Details

  • 2.02

HOA Fees

  • $992 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Heated Garage

Interior Spaces

  • 1,477 Sq Ft Home
  • 1-Story Property
  • Living Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Additional Features

  • Accessible Elevator Installed
  • Forced Air Heating and Cooling System

Community Details

  • Association fees include air conditioning, maintenance structure, cable TV, controlled access, hazard insurance, heating, internet, lawn care, ground maintenance, parking, professional mgmt, trash, shared amenities, snow removal, water
  • First Service Residential Association, Phone Number (952) 277-2700
  • High-Rise Condominium
  • Cobalt Condos Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2302924130677

Property Details

Home Type

Condominium

Est. Annual Taxes

$8,662

Year Built

Built in 2006

Lot Details

0

HOA Fees

$992 per month

Parking

2

Listing Details

  • Type: Residential
  • Property Subtype 1: High Rise
  • Cooling System: Central Air
  • Garage Spaces: 2
  • Accessibility Features: Accessible Elevator Installed
  • Water Source: City Water/Connected
  • Fee Frequency: Monthly
  • Year Built: 2006
  • Above Grade Finished Sq Ft: 1477
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Basement: None
  • Living Area: 1477
  • Fireplace: No
  • Basement YN: No
  • Dining Room Type: Living Room, Kitchen, Bedroom 1, Bedroom 2
  • Shared Rooms: Community Room,Exercise Room

Beds/Baths

  • Full Bathrooms: 2
  • Total Bedrooms: 2

Exterior Features

  • Neighborhood: Nicollet Island - East Bank

Garage/Parking

  • Parking Features: Assigned, Heated Garage, Underground

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • Fuel: Natural Gas

Condo/Co-op/Association

  • HOA Fee Includes: Air Conditioning, Maintenance Structure, Cable TV, Controlled Access, Hazard Insurance, Heating, Internet, Lawn Care, Maintenance Grounds, Parking, Professional Mgmt, Trash, Shared Amenities, Snow Removal, Water
  • Phone: 952-277-2700
  • Association Fee: 992
  • Association: Yes

Association/Amenities

  • HOA Management Co: First Service Residential

Schools

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

Lot Info

  • PropertyAttachedYN: Yes
  • Lot Size: 0
  • Lot Size Sq Ft: 87860.52
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Brick/Stone

Tax Info

  • Tax Year: 2022
  • Assessor Parcel Number: 2302924130677
  • Tax Annual Amount: 8662
  • TaxWithAssessments: 8662.0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 28, 2023
Closed on
May 26, 2023
Sold by
Steven D Mueller Trust
Bought by
Funk Susan Katheryne and Kidner Stephen Wood
Seller's Agent
Mike Seebinger
DRG
Buyer's Agent
Morgan Clawson
Edina Realty, Inc.
List Price
$680,000
Sold Price
$680,000
Current Estimated Value
$642,891

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$37,109
Avg. Annual Appreciation
-2.30%

Purchase Details

Closed on
Jan 18, 2019
Sold by
Mueller Steven D and Mueller Cynthia B
Bought by
Steven D Mueller Trust and Cynthia Bonomo Mueller Trust

Purchase Details

Closed on
Jul 17, 2015
Sold by
Ecker Jeffrey M and Williams Ecker Erica L
Bought by
Mueller Steven D and Mueller Cynthia B

Purchase Details

Closed on
Sep 12, 2013
Sold by
Zurn John
Bought by
Ecker Jeffrey M and Williams Ecker Erica L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,000
Interest Rate
4.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 7, 2008
Sold by
Burton Timothy H
Bought by
Zurn John

Purchase Details

Closed on
Jan 5, 2006
Sold by
Cobalt Condominiums Llc
Bought by
Burton Timothy H
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Funk Susan Katheryne $680,000 None Listed On Document
Steven D Mueller Trust $500 None Listed On Document
Mueller Steven D $575,000 Titlesmart Inc
Ecker Jeffrey M $515,000 Titlenexus Llc
Zurn John $554,900 --
Burton Timothy H $591,779 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ecker Jeffrey M $325,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/31/2023 05/31/23 Sold $680,000 0.0% $460 / Sq Ft
03/28/2023 03/28/23 Pending -- -- --
03/28/2023 03/28/23 For Sale $680,000 -- $460 / 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
2024 $7,783 $519,000 $20,000 $499,000
2023 $7,119 $537,000 $20,000 $517,000
2022 $8,662 $584,000 $20,000 $564,000
2021 $8,354 $602,000 $20,000 $582,000
2020 $9,271 $602,000 $6,500 $595,500
2019 $9,117 $614,500 $6,500 $608,000
2018 $8,474 $591,000 $6,500 $584,500
2017 $8,682 $552,500 $6,500 $546,000
2016 $8,136 $509,500 $6,500 $503,000
2015 $7,923 $474,500 $6,500 $468,000
2014 -- $419,500 $6,500 $413,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6335800

NorthstarMLS

APN: 23-029-24-13-0677