NOT LISTED FOR SALE

45 University Ave SE Unit 807 Minneapolis, MN 55414

Nicollet Island Neighborhood

Estimated Value: $943,000 - $1,090,000

3 Beds
2 Baths
2,139 Sq Ft
$1,432/mo HOA Fee

Last Sold June 10, 2024

Last sale price $1,100,000 $514 Per Sq Ft

Est. 9% decrease in value since last sale

Current estimated payment $7,945/month

5 Days on Market

Highlights

  • City View
  • Walk-In Pantry
  • Built-In Double Oven
  • Covered patio or porch
  • Elevator
  • 4-minute walk to Holmes Park

About This Home

As of June 2024

This exquisite three-bedroom, two-bath condo boasts unparalleled downtown skyline views, providing a breathtaking backdrop to your everyday life. Step into luxury with an open-concept living space flooded with natural light, perfect for entertaining or unwinding after a long day. The sleek kitchen features modern appliances and ample counter space for culinary enthusiasts. Retreat to the spacious primary suite with its own en-suite bathroom, large walk-in closet with its own laundry, and panoramic views of the city lights. Two additional bedrooms offer versatility for guests, a home office, or media room. Enjoy the convenience of two easy access side-by-side parking spaces. This luxurious city home comes with 1 of only 7 private rooftop cabanas, where you can savor cocktails with friends, grill dinner, or indulge in relaxation while soaking in the city vistas. Offered for the first time since originally custom-built, don't miss this opportunity to elevate your urban lifestyle.

Last Agent to Sell the Property

Shane Spencer

Coldwell Banker Realty Brokerage Phone: 614-256-8500 Listed on: 05/15/2024

Coldwell Banker Realty

Last Buyer's Agent

Louetta Larson

Keller Williams Premier Realty

Keller Williams Premier Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $11,844

Year Built

  • Built in 2006

HOA Fees

  • $1,432 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Heated Garage
  • Garage Door Opener
  • Secure Parking

Interior Spaces

  • 2,139 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Storage Room
  • City Views

Kitchen

  • Walk-In Pantry
  • Built-In Double Oven
  • Cooktop
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Home Security

Utilities

  • Central Air
  • Baseboard Heating

Additional Features

  • Covered patio or porch
  • Additional Parcels

Listing and Financial Details

  • Assessor Parcel Number 2302924130711

Community Details

Overview

  • Association fees include maintenance structure, cable TV, controlled access, gas, hazard insurance, heating, internet, ground maintenance, parking, professional mgmt, trash, shared amenities, snow removal, water
  • First Service Residential Association, Phone Number (952) 277-7000
  • High-Rise Condominium
  • Cic 1470 Cobalt Condos Subdivision

Additional Features

  • Elevator
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$11,844

Year Built

Built in 2006

Lot Details

0

HOA Fees

$1,432 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, Grab Bars In Bathroom, Door Lever Handles, No Stairs Internal
  • Water Source: City Water/Connected
  • Association Amenities: Elevator(s), Fire Sprinkler System, Lobby Entrance, Security
  • Fee Frequency: Monthly
  • Year Built: 2006
  • Above Grade Finished Sq Ft: 2139
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • InternetOptions: Fiber Optic
  • Attribution Contact: 614-256-8500
  • Attribution Contact: 614-256-8500
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Basement: None
  • Appliances: Cooktop, Dishwasher, Disposal, Double Oven, Dryer, ENERGY STAR Qualified Appliances, Refrigerator, Stainless Steel Appliances, Wall Oven, Washer
  • Living Area: 2139
  • Fireplace: No
  • Basement YN: No
  • Dining Room Type: Living Room, Dining Room, Kitchen, Bedroom 1, Bedroom 2, Bedroom 3, Walk In Closet, Storage, Pantry (Walk-In)

Beds/Baths

  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Three Quarter Bathrooms: 1

Exterior Features

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

Garage/Parking

  • Parking Features: Assigned, Concrete, Electric, Garage Door Opener, Heated Garage, Parking Garage, Secured, Underground
  • Garage Square Feet: 0

Utilities

  • Heating: Baseboard
  • Sewer: City Sewer/Connected
  • Fuel: Natural Gas

Condo/Co-op/Association

  • HOA Fee Includes: Maintenance Structure, Cable TV, Controlled Access, Gas, Hazard Insurance, Heating, Internet, Maintenance Grounds, Parking, Professional Mgmt, Trash, Shared Amenities, Snow Removal, Water
  • Phone: 952-277-7000
  • Association Fee: 1432
  • Association: Yes
  • Amenities Unit: Balcony,Cable,City View,Hardwood Floors,Kitchen Center Island,Primary Bedroom Walk-In Closet,Main Floor Primary Bedroom,Natural Woodwork,Panoramic View,Tile Floors,Washer/Dryer Hookup,Walk-In Closet

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: Common
  • Land Lease: No
  • Lot Features: Irregular Lot
  • Additional Parcels Description: 2302924130799,2302924130800
  • Additional Parcels: Yes
  • Zoning Description: Residential-Single Family
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Brick/Stone

Tax Info

  • Tax Year: 2023
  • Assessor Parcel Number: 2302924130711
  • Tax Annual Amount: 11844
  • TaxWithAssessments: 11844.0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 15, 2024
Closed on
Jun 10, 2024
Sold by
Meyer Jack E and Meyer Mary Lou
Bought by
Nann Bernhard and Nann Victoria
Seller's Agent
Shane Spencer
Coldwell Banker Realty
Buyer's Agent
Louetta Larson
Keller Williams Premier Realty
List Price
$1,095,000
Sold Price
$1,100,000
Premium/Discount to List
$5,000
0.46%
Views
466
Current Estimated Value
$1,001,859

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$98,141
Avg. Annual Appreciation
-7.74%

Purchase Details

Closed on
Nov 3, 2022
Sold by
Meyer Jack E and Meyer Mary Lou
Bought by
Meyer Jack E and Meyer Mary Lou

Purchase Details

Closed on
Feb 1, 2007
Sold by
Cobalt Condominiums Llc
Bought by
Meyer Jack E and Meyer Mary Lou

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$689,117
Interest Rate
5.5%
Mortgage Type
Adjustable Rate Mortgage/ARM
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 Buyer Sale Price Title Company
Nann Bernhard $1,100,000 Burnet Title
Meyer Jack E -- None Listed On Document
Meyer Jack E $861,397 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Meyer Jack E $417,000
Previous Owner Meyer Jack E $417,000
Previous Owner Meyer Jack E $689,117
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/10/2024 06/10/24 Sold $1,100,000 +0.5% $514 / Sq Ft
05/24/2024 05/24/24 Pending -- -- --
05/18/2024 05/18/24 For Sale $1,095,000 -- $512 / 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 $11,757 $827,000 $27,000 $800,000
2022 $12,476 $827,000 $27,000 $800,000
2021 $12,021 $826,500 $27,000 $799,500
2020 $13,319 $826,500 $8,600 $817,900
2019 $13,110 $843,500 $8,600 $834,900
2018 $12,243 $811,000 $8,600 $802,400
2017 $12,534 $758,000 $8,600 $749,400
2016 $11,801 $699,000 $8,600 $690,400
2015 $11,402 $650,500 $8,600 $641,900
2014 -- $580,000 $8,600 $571,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6491312

NorthstarMLS

APN: 23-029-24-13-0711