NOT LISTED FOR SALE

504 W Franklin Ave Unit 2A Minneapolis, MN 55405

Stevens Square Neighborhood

Estimated Value: $162,000 - $175,336

2 Beds
1 Bath
959 Sq Ft
$422/mo HOA Fee

Last Sold April 14, 2023

Last sale price $165,000 $172 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $1,471/month

33 Days on Market

Highlights

  • Elevator
  • Guest Parking
  • Zero Lot Line
  • The kitchen features windows
  • 1-Story Property
  • Combination Dining and Living Room

About This Home

As of April 2023

Sunny, south facing corner unit! Windows on 3 sides and floor-to-ceiling windows in the living room. Single-level living at its best. Located between downtown Minneapolis and the lakes. Just steps to shopping, restaurants and public transportation. This unit offers a freshly updated interior with all new paint, re-installed wood laminate flooring, new carpet, and an updated kitchen with stainless appliances. Spacious room sizes allow for a variety of furniture arrangements. There are also large in unit closets providing excellent storing capacity. Separate storage unit on 4th floor in the FREE laundry. The building has a marvelous roof top deck! Cats and dogs allowed (weight/height & number limits). Assigned covered parking #2A. A great value.

Last Agent to Sell the Property

Brian Severts

Edina Realty, Inc. Listed on: 01/30/2023

Edina Realty, Inc.

Last Buyer's Agent

Alex Goldfarb

Boardwalk Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,495

Year Built

  • Built in 1961

Lot Details

  • Zero Lot Line

HOA Fees

  • $422 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Guest Parking
  • Assigned Parking

Home Design

  • Flat Roof Shape

Interior Spaces

  • 959 Sq Ft Home
  • 1-Story Property
  • Combination Dining and Living Room

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • The kitchen features windows

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Utilities

  • Boiler Heating System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 2702924330103

Community Details

Overview

  • Association fees include maintenance structure, hazard insurance, heating, ground maintenance, professional mgmt, trash, shared amenities, snow removal, water
  • Common Properties Management Company Association, Phone Number (612) 767-2110
  • Low-Rise Condominium
  • Condo 0161 504 Franklin West Con Subdivision

Amenities

  • Elevator

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,495

Year Built

Built in 1961

Lot Details

0

HOA Fees

$422 per month

Parking

1

Listing Details

  • Type: Residential
  • Property Subtype 1: Low Rise
  • Cooling System: Wall Unit(s)
  • Garage Spaces: 1
  • Accessibility Features: Accessible Elevator Installed
  • Water Source: City Water/Connected
  • Association Amenities: Laundry, Deck, Elevator(s), Other, Security
  • Fee Frequency: Monthly
  • Year Built: 1961
  • Above Grade Finished Sq Ft: 959
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • InternetOptions: Cable
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Basement: None
  • Appliances: Dishwasher, Microwave, Range, Refrigerator
  • Living Area: 959
  • Fireplace: No
  • Basement YN: No
  • Dining Room Type: Living Room, Dining Room, Kitchen, Bedroom 1, Bedroom 2
  • Shared Rooms: Other

Beds/Baths

  • Full Bathrooms: 1
  • Total Bedrooms: 2

Exterior Features

  • Roof: Age Over 8 Years, Flat
  • PoolFeatures: None
  • ConstructionMaterialsDesc: Block,Brick,Concrete
  • Neighborhood: Steven's Square - Loring Heights
  • PatioPorchType: Terrace

Garage/Parking

  • Parking Features: Assigned, Covered, Concrete, Guest Parking

Utilities

  • Heating: Boiler, Radiator(s)
  • Sewer: City Sewer/Connected
  • Electric: Circuit Breakers
  • Fuel: Natural Gas
  • Power Company: Xcel Energy

Condo/Co-op/Association

  • HOA Fee Includes: Maintenance Structure, Hazard Insurance, Heating, Maintenance Grounds, Professional Mgmt, Trash, Shared Amenities, Snow Removal, Water
  • Phone: 612-767-2110
  • Association Fee: 422
  • Association: Yes
  • Amenities Unit: Ceiling Fan(s),Intercom System,Kitchen Window,Primary Bedroom Walk-In Closet,Main Floor Primary Bedroom

Association/Amenities

  • HOA Management Co: Common Properties Management Company

Schools

  • Junior High Dist: Minneapolis
  • SchoolDistrictNumber: 1
  • SchoolDistrictPhone: 612-668-0000

Lot Info

  • Topography: Level
  • PropertyAttachedYN: Yes
  • Lot Size: Common
  • Lot Size Sq Ft: 10193.04
  • Land Lease: No
  • Lot Features: Zero Lot Line
  • 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: 2702924330103
  • Tax Annual Amount: 2495
  • TaxWithAssessments: 2495.0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 30, 2023
Closed on
Apr 11, 2023
Sold by
Jackson Lynda T and Jackson Michael P
Bought by
Slemp Nikolas
Seller's Agent
Brian Severts
Edina Realty, Inc.
Buyer's Agent
Alex Goldfarb
Boardwalk Realty
List Price
$185,000
Sold Price
$165,000
Premium/Discount to List
-$20,000
-10.81%
Views
47
Current Estimated Value
$168,084

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,084
Avg. Annual Appreciation
0.44%
Original Mortgage
$132,000
Outstanding Balance
$128,635
Interest Rate
6.65%
Mortgage Type
New Conventional
Estimated Equity
$38,122

Purchase Details

Closed on
Dec 22, 2015
Sold by
Kras Christine and Kras Oscar
Bought by
Jackson Michael P and Jackson Lynda T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,900
Interest Rate
3.96%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 22, 2008
Sold by
Tadros Ami Youssef
Bought by
Taylor Christine M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$149,900
Interest Rate
6.51%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 26, 2002
Sold by
Rasmussen Donna Mae
Bought by
Aml Youssef Tadros
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
Slemp Nikolas $165,000 Edina Realty Title
Jackson Michael P $141,000 Burnet Title
Taylor Christine M $149,900 --
Aml Youssef Tadros $135,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Slemp Nikolas $132,000
Previous Owner Jackson Michael P $126,900
Previous Owner Taylor Christine M $149,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/14/2023 04/14/23 Sold $165,000 0.0% $172 / Sq Ft
03/04/2023 03/04/23 Pending -- -- --
02/22/2023 02/22/23 Off Market $165,000 -- --
02/10/2023 02/10/23 Price Changed $175,000 -5.4% $182 / Sq Ft
01/30/2023 01/30/23 For Sale $185,000 -- $193 / 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 $1,933 $168,000 $16,000 $152,000
2022 $2,495 $177,000 $13,000 $164,000
2021 $2,535 $180,000 $12,000 $168,000
2020 $2,565 $189,500 $9,700 $179,800
2019 $2,359 $177,000 $9,700 $167,300
2018 $2,216 $158,000 $9,700 $148,300
2017 $2,086 $135,500 $9,700 $125,800
2016 $1,710 $107,500 $9,700 $97,800
2015 $1,398 $107,500 $9,700 $97,800
2014 -- $105,000 $9,700 $95,300
Source: Public Records

Agents Affiliated with this Home

  • Brian Severts

    Seller's Agent in 2023

    Brian Severts

    Edina Realty, Inc.

    (612) 819-0229

    1 in this area

    74 Total Sales

    Brian Severts
    Section Image
  • Alex Goldfarb

    Buyer's Agent in 2023

    Alex Goldfarb

    Boardwalk Realty

    (612) 202-8200

    2 in this area

    75 Total Sales

    Alex Goldfarb
    Section Image
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Map

Source: NorthstarMLS

MLS Number: 6327878

NorthstarMLS

APN: 27-029-24-33-0103

Minnesota Hennepin County Minneapolis 55403 Stevens Square

504 W Franklin Ave Unit 2A, Minneapolis, MN

This home is located at 504 W Franklin Ave Unit 2A, Minneapolis, MN 55405 since 30 January 2023 and is currently estimated at $168,084, approximately $175 per square foot. This property was built in 1961. 504 W Franklin Ave Unit 2A is a home located in Hennepin County with nearby schools including Kenwood Elementary School, Anwatin Middle School, and North Community High School.

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