NOT LISTED FOR SALE

700 Washington Ave N Unit 324 Minneapolis, MN 55401

North Loop Neighborhood

Estimated Value: $328,000 - $387,000

1 Bed
1 Bath
1,080 Sq Ft
$611/mo HOA Fee

Last Sold December 20, 2022

Last sale price $320,000 $296 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $2,965/month

Highlights

  • Elevator
  • 1-Story Property
  • Combination Dining and Living Room
  • Patio
  • Forced Air Heating and Cooling System
  • Secure Parking

About This Home

As of December 2022

Amazing loft in the heart of the North Loop! Overlooking the western sky & Washington Ave from oversized windows, this true industrial style 1BR/1BA loft features finished concrete floors, 13’ soaring ceilings, stainless steel appliances, upgraded lighting package & more. Common rooftop deck with city views! Steps from bars, restaurants, coffee shops and more! Heated/secured parking space included with bike locking station. Storage unit in lower level.

Last Agent to Sell the Property

Isaac Kuehn

DRG Listed on: 09/09/2022

Last Buyer's Agent

Isaac Kuehn

DRG Listed on: 09/09/2022

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,748

Year Built

  • Built in 1920

Lot Details

  • 1.1

HOA Fees

  • $611 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Heated Garage
  • Garage Door Opener
  • Assigned Parking
  • Secure Parking

Home Design

  • Flat Roof Shape
  • Tar and Gravel Roof

Interior Spaces

  • 1,080 Sq Ft Home
  • 1-Story Property
  • Combination Dining and Living Room

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Home Security

Additional Features

  • Patio
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 2202924120478

Community Details

Overview

  • Association fees include air conditioning, maintenance structure, cable TV, hazard insurance, heating, ground maintenance, professional mgmt, trash, shared amenities, lawn care, water
  • First Service Residential Association, Phone Number (952) 277-2700
  • High-Rise Condominium
  • Tower Lofts Subdivision

Additional Features

  • Elevator
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,748

Year Built

Built in 1920

Lot Details

0

HOA Fees

$611 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: Concrete Floors & Walls, Elevator(s), Fire Sprinkler System, Patio
  • Fee Frequency: Monthly
  • Year Built: 1920
  • Above Grade Finished Sq Ft: 1080
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Basement: None
  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer
  • Living Area: 1080
  • Fireplace: No
  • Basement YN: No
  • Dining Room Type: Living Room, Kitchen, Bedroom 1

Beds/Baths

  • Full Bathrooms: 1
  • Total Bedrooms: 1

Exterior Features

  • Roof: Flat, Tar/Gravel
  • Neighborhood: North Loop

Garage/Parking

  • Parking Features: Assigned, Garage Door Opener, Heated Garage, Secured, Underground

Utilities

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

Condo/Co-op/Association

  • HOA Fee Includes: Air Conditioning, Maintenance Structure, Cable TV, Hazard Insurance, Heating, Maintenance Grounds, Professional Mgmt, Trash, Shared Amenities, Lawn Care, Water
  • Phone: 952-277-2700
  • Association Fee: 611
  • Association: Yes
  • Amenities Unit: Washer/Dryer Hookup

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
  • 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: 2021
  • Assessor Parcel Number: 2202924120478
  • Tax Annual Amount: 4748
  • TaxWithAssessments: 4752.0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 9, 2022
Closed on
Dec 13, 2022
Sold by
Nedrelow Scott and Buonocore Jennifer
Bought by
Armitage Cole
Seller's Agent
Isaac Kuehn
DRG
Buyer's Agent
Isaac Kuehn
DRG
List Price
$329,900
Sold Price
$320,000
Premium/Discount to List
-$9,900
-3%
Total Days on Market
0
Views
1
Current Estimated Value
$353,063

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$33,063
Avg. Annual Appreciation
4.03%
Original Mortgage
$320,000
Outstanding Balance
$312,164
Interest Rate
7.08%
Mortgage Type
New Conventional
Estimated Equity
$40,899

Purchase Details

Listed on
Sep 9, 2022
Closed on
Dec 1, 2022
Sold by
Nedralow Scott A and Nedralow Jennifer
Bought by
Armitage Cole
Seller's Agent
Isaac Kuehn
DRG
Buyer's Agent
Isaac Kuehn
DRG
List Price
$329,900
Sold Price
$320,000
Premium/Discount to List
-$9,900
-3%
Views
1

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Outstanding Balance
$312,164
Interest Rate
7.08%
Mortgage Type
New Conventional
Estimated Equity
$40,899

Purchase Details

Closed on
Sep 22, 2014
Sold by
Bickerstaff John B and Bickerstaff Nicole R
Bought by
Nedrelow Scott A and Nedrelow Steven J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,000
Interest Rate
4.08%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 31, 2007
Sold by
Kanodia Reena and Hasday Joseph P
Bought by
Bickerstaff John Blair

Purchase Details

Closed on
Jun 20, 2005
Sold by
Tower Lofts Lllp
Bought by
Hasday Joseph P
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
Armitage Cole $320,000 --
Armitage Cole $320,000 --
Nedrelow Scott A $245,000 Titlenexus Llc
Bickerstaff John Blair $255,000 --
Hasday Joseph P $236,200 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Armitage Cole $320,000
Closed Armitage Cole $288,000
Previous Owner Nedrelow Scott A $196,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/20/2022 12/20/22 Sold $320,000 -3.0% $296 / Sq Ft
09/09/2022 09/09/22 Pending -- -- --
09/09/2022 09/09/22 For Sale $329,900 -- $305 / 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 $4,574 $355,000 $39,000 $316,000
2022 $4,923 $355,000 $36,000 $319,000
2021 $4,752 $355,000 $33,000 $322,000
2020 $4,902 $355,000 $12,800 $342,200
2019 $4,810 $338,000 $8,500 $329,500
2018 $4,457 $322,000 $8,500 $313,500
2017 $4,185 $277,000 $8,500 $268,500
2016 $4,026 $259,000 $8,500 $250,500
2015 $3,669 $233,500 $8,500 $225,000
2014 -- $204,000 $8,500 $195,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6261269

NorthstarMLS

APN: 22-029-24-12-0478