NOT LISTED FOR SALE

506 River St Minneapolis, MN 55401

North Loop Neighborhood

Estimated Value: $1,391,000 - $1,696,000

4 Beds
3.5 Baths
4,021 Sq Ft
$392/Sq Ft Est. Value

Last Sold March 11, 2014

Last sale price $975,000 $242 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $10,875/month

119 Days on Market

Highlights

  • Deck
  • Breakfast Area or Nook
  • 2 Car Attached Garage
  • Wood Flooring
  • Formal Dining Room
  • Side by Side Parking

About This Home

As of March 2014

Spectacular townhome with views of Mississippi River and Minneapolis skyline. Center island kitchen with stainless appliances. Master suite w/river views. Family room on main and lower level. Walk in closets in all bedrooms.

Last Agent to Sell the Property

Barry Berg

Coldwell Banker Burnet Listed on: 10/21/2013

Co-Listed By

Chad Larsen

Coldwell Banker Burnet

Last Buyer's Agent

Kristen Christianson

Keller Williams Integrity Realty

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $22,442

Year Built

  • 1999

Lot Details

  • 6,534

HOA Fees

  • $539 Monthly HOA Fees

Home Design

  • Asphalt Shingled Roof
  • Stucco Exterior

Interior Spaces

  • Gas Fireplace
  • Formal Dining Room
  • Finished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Breakfast Area or Nook
  • Built-In Oven
  • Cooktop
  • Dishwasher

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bathroom is a Full Bathroom
  • Bathroom on Main Level

Laundry

  • Dryer
  • Washer

Parking

  • 2 Car Attached Garage
  • Side by Side Parking
  • Garage Door Opener
  • Driveway

Additional Features

  • Deck
  • 6,534 Sq Ft Lot
  • Forced Air Heating and Cooling System

Community Details

  • Association fees include exterior maintenance, snow removal, trash

Listing and Financial Details

  • Assessor Parcel Number 2202924110114

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$22,442

Year Built

1999

Lot Details

0

HOA Fees

$539 per month

Listing Details

  • Class: SINGLE FAMILY
  • Classification: NonHomestead
  • Style: Side x Side
  • Amenities: Garage Door Opener, Hardwood Floors, Tiled Floors
  • Amenities Exterior: Deck, Driveway - Asphalt
  • Estimated Number of Acres: 0.15
  • Construction: Previously Owned
  • Foundation Size: 1574
  • Parcel Number: 2202924110114
  • Projected Closed Date: 03/07/2014
  • Street Designation: Street
  • Taxes With Assessments: 16722
  • Special Features: None
  • Property Sub Type: Townhouses
  • Year Built: 1999

Interior Features

  • Dining Room: Breakfast Nook, Formal Dining Room, Informal Dining Room
  • Fireplace: Yes
  • Fireplace Type: Gas
  • Appliances: Cooktop, Dishwasher, Dryer, Refrigerator, Wall Oven, Washer
  • Total Bedrooms: 4
  • Bathroom Description: Full Basement, Full Master, Main Floor 1/2 Bath, Private Master
  • Total Bathrooms: 4
  • Half Bathrooms: 1
  • Full Bathrooms: 3
  • Total Bathrooms: 4
  • Room 1: Living Room, 18x16, On Level: Main
  • Room 2: Dining Room, 14x14, On Level: Main
  • Room 3: Family Room, 19x18, On Level: Main
  • Room 4: Kitchen, 13x13, On Level: Main
  • Room 5: Bedroom, 18x14, On Level: Upper
  • Room 6: Bedroom, 18x13, On Level: Upper
  • Room 7: 14x12, On Level: Lower
  • Room 9: Den/Office, 16x13, On Level: Upper
  • Room 10: Family Room, 16x16, On Level: Lower
  • Room 11: Rec Room, 13x12, On Level: Lower
  • Room 12: Dining Room, 13x10, On Level: Main
  • Room 13: Other, 13x12, On Level: Upper
  • Room 14: Deck, On Level: Main
  • Basement Features: Finished
  • Basement Style: Full
  • Finished Above Grade Sq Ft: 3004
  • Below Grade Finished Sq Ft: 1017
  • Total Fin Square Footage: 4021

Exterior Features

  • Frontage Road: City, Paved
  • Waterfront Name: Mississippi River
  • Exterior: Stucco
  • Roof: Asphalt Shingles

Garage/Parking

  • Garage Type: Attached
  • Garage Capacity: 2

Utilities

  • Cooling: Central
  • Fuel: Natural Gas
  • Heat: Forced Air
  • Sewer: City
  • Water: City

Condo/Co-op/Association

  • HOA Fee Includes: Exterior Maintenance, Snow Removal, Trash
  • Association Fee Frequency: Monthly
  • Association Fee: Yes
  • Association Fee: 539

Schools

  • School District: Minneapolis #1

Lot Info

  • Estimated Lot Dimensions: 46X139X46X

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 21, 2013
Closed on
Feb 26, 2014
Sold by
Gobel Fredarick L and Gobel Suzanne C
Bought by
Armstrong Kevin and Armstrong Lisa
Seller's Agent
Barry Berg
Coldwell Banker Burnet
Buyer's Agent
Kristen Christianson
Keller Williams Integrity Realty
List Price
$998,000
Sold Price
$975,000
Premium/Discount to List
-$23,000
-2.3%
Current Estimated Value
$1,532,901

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$557,901
Avg. Annual Appreciation
4.76%
Original Mortgage
$780,000
Interest Rate
3%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jun 24, 2005
Sold by
Stanoch Joseph F and Pappas Stanoch Pamela K
Bought by
Gobel Fredarich L and Gobel Suzanne C

Purchase Details

Closed on
Sep 7, 2001
Sold by
Landings Development Corp
Bought by
Stanoch Joseph F and Stanoch Pamela K Pappas

Purchase Details

Closed on
Aug 24, 2001
Sold by
Minneapolis Community Development Agency
Bought by
Landings Development Corp
Source: Public Records

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
Armstrong Kevin $975,000 Burnet Title
Gobel Fredarich L $1,160,000 --
Stanoch Joseph F $801,322 --
Landings Development Corp $40,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Armstrong Kevin J $850,000
Closed Armstrong Kevin $780,000
Previous Owner Gobel Fredarick L $250,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/11/2014 03/11/14 Sold $975,000 -2.3% $242 / Sq Ft
02/17/2014 02/17/14 Pending -- -- --
10/21/2013 10/21/13 For Sale $998,000 -- $248 / Sq Ft
Source: REALTOR® Association of Southern Minnesota

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 $22,442 $1,495,000 $805,000 $690,000
2022 $23,833 $1,495,000 $724,000 $771,000
2021 $22,943 $1,495,000 $684,000 $811,000
2020 $22,431 $1,495,000 $321,900 $1,173,100
2019 $20,815 $1,359,000 $321,900 $1,037,100
2018 $19,513 $1,235,500 $321,900 $913,600
2017 $19,460 $1,127,500 $321,900 $805,600
2016 $18,432 $1,042,000 $321,900 $720,100
2015 $16,820 $917,500 $321,900 $595,600
2014 -- $849,700 $321,900 $527,800
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2014

    Barry Berg

    Coldwell Banker Burnet

  • C

    Seller Co-Listing Agent in 2014

    Chad Larsen

    Coldwell Banker Burnet

  • K

    Buyer's Agent in 2014

    Kristen Christianson

    Keller Williams Integrity Realty

See All Agents

Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 4553573

REALTOR® Association of Southern Minnesota

APN: 22-029-24-11-0114

Minnesota Hennepin County Minneapolis 55401 North Loop

506 River St, Minneapolis, MN

This home is located at 506 River St, Minneapolis, MN 55401 since 21 October 2013 and is currently estimated at $1,576,539, approximately $392 per square foot. This property was built in 1999. 506 River St is a home located in Hennepin County with nearby schools including Webster Elementary, Northeast Middle School, and Thomas Edison High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

REALTOR® Association of Southern Minnesota IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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