NOT LISTED FOR SALE

45 University Ave SE Unit 601 Minneapolis, MN 55414

Nicollet Island Neighborhood

Estimated Value: $370,000 - $453,811

2 Beds
2 Baths
1,199 Sq Ft
$659/mo HOA Fee

Last Sold August 04, 2023

Last sale price $465,000 $388 Per Sq Ft

Est. 10% decrease in value since last sale

Current estimated payment $3,415/month

Highlights

  • Home Gym
  • 1-Story Property
  • Heated Garage
  • Living Room
  • Forced Air Heating and Cooling System
  • 4-minute walk to Holmes Park

About This Home

As of August 2023

Sold before listing. This home has been fully remodeled with high-end designer finishes including oak flooring, fresh paint on every surface, custom kitchen renovation including stainless steel appliances, and backsplash. With updated electric outlets and new wool carpeting, this contemporary condo has it all. Enjoy morning coffee on the patio or gazing out at the views from the floor-to-ceiling windows! Located directly above Lunds & Byerly's grocery in the historic Old Town business district with shops, restaurants, and the riverfront right outside your door. Experience this wonderful community and all of the amazing amenities it has to offer.

Last Agent to Sell the Property

Mitra Rahimi

Verve Realty Listed on: 08/04/2023

Last Buyer's Agent

Scott Parkin

Verve Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,197

Year Built

  • Built in 2006

Lot Details

  • 2.02

HOA Fees

  • $659 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Heated Garage

Interior Spaces

  • 1,199 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Home Gym

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms

Utilities

  • Forced Air Heating and Cooling System

Community Details

  • Association fees include air conditioning, cable TV, hazard insurance, heating, internet, ground maintenance, parking, professional mgmt, trash, shared amenities, lawn care, water
  • First Service Residential Association, Phone Number (612) 331-3848
  • High-Rise Condominium
  • Cobalt Condos Subdivision
  • Car Wash Area

Listing and Financial Details

  • Assessor Parcel Number 2302924130687

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,197

Year Built

Built in 2006

Lot Details

0

HOA Fees

$659 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, No Stairs Internal
  • Water Source: City Water/Connected
  • Association Amenities: Car Wash
  • Fee Frequency: Monthly
  • Year Built: 2006
  • Above Grade Finished Sq Ft: 1199
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Basement: None
  • Appliances: Dishwasher, Disposal, Microwave, Range, Refrigerator
  • Living Area: 1199
  • Basement YN: No
  • Dining Room Type: Living Room, Kitchen, Bedroom 1, Bedroom 2, Primary Bathroom
  • Shared Rooms: Exercise Room

Beds/Baths

  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Three Quarter Bathrooms: 1

Exterior Features

  • ConstructionMaterialsDesc: Concrete
  • Neighborhood: Nicollet Island - East Bank

Garage/Parking

  • Parking Features: Heated Garage, Underground

Utilities

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

Condo/Co-op/Association

  • HOA Fee Includes: Air Conditioning, Cable TV, Hazard Insurance, Heating, Internet, Maintenance Grounds, Parking, Professional Mgmt, Trash, Shared Amenities, Lawn Care, Water
  • Phone: 612-331-3848
  • Association Fee: 659
  • 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
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Other
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Other

Tax Info

  • Tax Year: 2023
  • Assessor Parcel Number: 2302924130687
  • Tax Annual Amount: 5197
  • TaxWithAssessments: 5197.0400

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 4, 2023
Closed on
Jul 28, 2023
Sold by
Eising Scott W and Eising Kristin E
Bought by
Muhar John and Muhar Janice
Seller's Agent
Mitra Rahimi
Verve Realty
Buyer's Agent
Scott Parkin
Verve Realty
List Price
$465,000
Sold Price
$465,000
Total Days on Market
0
Views
8
Current Estimated Value
$416,203

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$48,797
Avg. Annual Appreciation
-5.76%

Purchase Details

Closed on
Dec 1, 2020
Sold by
Zhu Xiaozhou and Yi Xiao
Bought by
Eising Scott W and Eising Kristin E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$346,500
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 23, 2012
Sold by
Dickinson Tyler and Dickinson Dean D
Bought by
Zhu Xiaozhou

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$286,000
Interest Rate
3.51%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 1, 2007
Sold by
Cobalt Condominiums Llc
Bought by
Dickinson Tyler and Dickinson Dean D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$276,000
Interest Rate
6.26%
Mortgage Type
New Conventional
Source: Public Records

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Range of Values:

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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
Muhar John $465,000 Executive Title
Eising Scott W $385,000 Watermark Title Agency
Zhu Xiaozhou $357,500 Titlesmart Inc
Dickinson Tyler $345,000 --
Eising Scott Scott $385,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Eising Scott W $346,500
Previous Owner Zhu Xiaozhou $286,000
Previous Owner Dickinson Tyler $276,000
Closed Eising Scott Scott $346,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/04/2023 08/04/23 Sold $465,000 0.0% $388 / Sq Ft
08/04/2023 08/04/23 Pending -- -- --
08/04/2023 08/04/23 For Sale $465,000 -- $388 / 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 $5,156 $395,000 $16,000 $379,000
2022 $5,474 $395,000 $16,000 $379,000
2021 $5,283 $395,000 $16,000 $379,000
2020 $5,725 $395,000 $8,100 $386,900
2019 $5,673 $395,000 $8,100 $386,900
2018 $6,280 $380,000 $8,100 $371,900
2017 $6,282 $408,000 $8,100 $399,900
2016 $5,988 $376,500 $8,100 $368,400
2015 $5,792 $350,500 $8,100 $342,400
2014 -- $299,500 $8,100 $291,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6405467

NorthstarMLS

APN: 23-029-24-13-0687