$330,000
SOLD MAY 16, 2025

45 University Ave SE Unit 512 Minneapolis, MN 55414

Nicollet Island Neighborhood
1 Bed
1 Bath
960 Sq Ft
$634/mo HOA Fee

Recently Sold

$344 Per Sq Ft

3% Below List Price

59 Days on Market

Highlights

  • 87,904 Sq Ft lot
  • Living Room
  • Forced Air Heating and Cooling System
  • Elevator
  • 1-Story Property
  • 4-minute walk to Holmes Park

About This Home

As of May 2025

Updated and spacious Cobalt 1BR with amazing details within walking distance of the best of St Anthony Main and Central/Hennepin. Unit Features floor to ceiling glass, large balcony, hardwood flooring, huge walkthrough closet with custom organizers, stacked front-loading washer/dryer. In the kitchen you’ll find stainless steel appliances, granite counter-tops, gas oven and tiled backsplash. Cobalt condos are above Lunds & Byerly’s and walking distance from iconic locations like Nicollet Island, Syrdyk’s, Brasa, and the Hennepin Ave Bridge.

Last Agent to Sell the Property

Isaac Kuehn

DRG Listed on: 03/10/2025

Co-Listed By

Patrick Carson

DRG

Last Buyer's Agent

Patrick Carson

DRG

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,824

Year Built

  • Built in 2006

HOA Fees

  • $634 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Heated Garage

Interior Spaces

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

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 2302924130684

Community Details

Overview

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

Amenities

  • Elevator

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,824

Year Built

Built in 2006

Lot Details

0

HOA Fees

$634 per month

Parking

1

Listing Details

  • Type: Residential
  • Property Subtype 1: High Rise
  • Cooling System: Central Air
  • Garage Spaces: 1
  • Accessibility Features: Accessible Elevator Installed
  • Water Source: City Water/Connected
  • Association Amenities: Elevator(s), Security
  • Fee Frequency: Monthly
  • Year Built: 2006
  • Above Grade Finished Sq Ft: 960
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • FoundationDimensions: 0
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Basement: None
  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer
  • Living Area: 960
  • Fireplace: No
  • Basement YN: No
  • Dining Room Type: Living Room, Kitchen, Bedroom 1
  • Shared Rooms: Community Room,Exercise Room

Beds/Baths

  • Full Bathrooms: 1
  • Total Bedrooms: 1

Exterior Features

  • Neighborhood: Nicollet Island - East Bank

Garage/Parking

  • Parking Features: Heated Garage

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, Gas, Hazard Insurance, Heating, Internet, Lawn Care, Parking, Professional Mgmt, Trash, Sewer, Shared Amenities, Snow Removal
  • Phone: 952-277-2700
  • Association Fee: 634
  • Association: Yes
  • Amenities Unit: Balcony

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
  • Lot Size Sq Ft: 87904.08
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Other

Tax Info

  • Tax Year: 2024
  • Assessor Parcel Number: 2302924130684
  • Tax Annual Amount: 3824
  • TaxWithAssessments: 3824.0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 10, 2025
Closed on
May 15, 2025
Sold by
Wessner Benjamin
Bought by
Dorso Louis M and Dorso Angela
Seller's Agent
Isaac Kuehn
DRG
Buyer's Agent
Patrick Carson
DRG
List Price
$339,900
Sold Price
$330,000
Premium/Discount to List
-$9,900
-2.91%
Views
158
Current Estimated Value
$330,799

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$799
Avg. Annual Appreciation
3.18%
Original Mortgage
$231,000
Outstanding Balance
$230,592
Interest Rate
6.64%
Mortgage Type
New Conventional
Estimated Equity
$103,044

Purchase Details

Closed on
Mar 5, 2007
Sold by
Cobalt Condominiums Llc
Bought by
Deslauters Thomas and Croner Diane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$238,500
Interest Rate
6.25%
Mortgage Type
New Conventional
Source: Public Records

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 Type Sale Price Title Company
Warranty Deed $330,000 Titlenexus
Warranty Deed $265,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $231,000 New Conventional
Previous Owner $226,300 New Conventional
Previous Owner $238,500 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/16/2025 05/16/25 Sold $330,000 -2.9% $344 / Sq Ft
05/09/2025 05/09/25 Pending -- -- --
03/11/2025 03/11/25 For Sale $339,900 0.0% $354 / Sq Ft
01/17/2023 01/17/23 Rented $1,995 0.0% --
10/24/2022 10/24/22 Under Contract -- -- --
10/24/2022 10/24/22 For Rent $1,995 -- --
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 $3,824 $293,000 $11,000 $282,000
2022 $4,546 $318,000 $11,000 $307,000
2021 $4,387 $328,000 $11,000 $317,000
2020 $6,644 $328,000 $4,700 $323,300
2019 $4,800 $334,500 $4,700 $329,800
2018 $4,514 $321,500 $4,700 $316,800
2017 $4,450 $289,000 $4,700 $284,300
2016 $4,238 $266,500 $4,700 $261,800
2015 $4,741 $248,000 $4,700 $243,300
2014 -- $219,500 $4,700 $214,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6682525

NorthstarMLS

APN: 23-029-24-13-0684