NOT LISTED FOR SALE

700 Washington Ave N Unit 512 Minneapolis, MN 55401

North Loop Neighborhood

Estimated Value: $463,000 - $521,000

2 Beds
2 Baths
1,330 Sq Ft
$767/mo HOA Fee

Last Sold May 01, 2023

Last sale price $475,000 $357 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $3,878/month

76 Days on Market

Highlights

  • Elevator
  • Living Room
  • Forced Air Heating and Cooling System
  • Patio
  • 1-Story Property
  • Baseboard Heating

About This Home

As of May 2023

Gorgeous industrial loft located at Tower Lofts, one of the most popular buildings in the North Loop. 2 bed, 2 bath unit features a welcoming, open concept floor plan with 15 ft ceilings, a wall of exposed brick and windows, polished concrete floors, concrete columns and pillars, concrete ceiling, gourmet kitchen with mobile island and stainless steel appliances, gas range, and custom wood plank accent wall. Comes with 1 parking stall in the upper level garage and additional storage unit located on the same floor as the unit. Tower Lofts amenities include a 6000 sq ft rooftop patio with fire pits/grills/seating/unobstructed downtown views, free guest parking, and onsite professional management. Located just steps from all the North Loop has to offer including the best bars, restaurants, retail and trails along the riverfront.

Last Agent to Sell the Property

Aleksa Montpetit

DRG Listed on: 01/16/2023

Last Buyer's Agent

Jacob Stenger

Compass

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,805

Year Built

  • Built in 1920

Lot Details

  • 1.1

HOA Fees

  • $767 Monthly HOA Fees

Parking

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

Interior Spaces

  • 1,330 Sq Ft Home
  • 1-Story Property
  • Living Room

Bedrooms and Bathrooms

  • 2 Bedrooms

Home Security

Outdoor Features

  • Patio

Utilities

  • Forced Air Heating and Cooling System
  • Baseboard Heating

Listing and Financial Details

  • Assessor Parcel Number 2202924120522

Community Details

Overview

  • Association fees include air conditioning, maintenance structure, cable TV, hazard insurance, heating, internet, ground maintenance, professional mgmt, trash, shared amenities, lawn care, water
  • First Service Residentail 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

$5,805

Year Built

Built in 1920

Lot Details

0

HOA Fees

$767 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: 1330
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Basement: None
  • Living Area: 1330
  • Basement YN: No
  • Dining Room Type: Living Room, Kitchen, Bedroom 1, Bedroom 2

Beds/Baths

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

Exterior Features

  • Neighborhood: North Loop

Garage/Parking

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

Utilities

  • Heating: Baseboard, 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, Internet, Maintenance Grounds, Professional Mgmt, Trash, Shared Amenities, Lawn Care, Water
  • Phone: 952-277-2700
  • Association Fee: 767
  • Association: Yes

Association/Amenities

  • HOA Management Co: First Service Residentail

Schools

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

Lot Info

  • PropertyAttachedYN: Yes
  • Lot Size: IRREGULAR
  • 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: 2023
  • Assessor Parcel Number: 2202924120522
  • Tax Annual Amount: 5805
  • TaxWithAssessments: 5805.0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 16, 2023
Closed on
Apr 25, 2023
Sold by
Msp Investments Llc
Bought by
Baumhart Michael
Seller's Agent
Aleksa Montpetit
DRG
Buyer's Agent
Jacob Stenger
Compass
List Price
$469,900
Sold Price
$475,000
Premium/Discount to List
$5,100
1.09%
Views
12
Current Estimated Value
$495,420

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$20,420
Avg. Annual Appreciation
1.92%
Original Mortgage
$427,500
Outstanding Balance
$417,920
Interest Rate
6.42%
Mortgage Type
New Conventional
Estimated Equity
$78,239

Purchase Details

Closed on
Apr 6, 2018
Sold by
Voggesser Gary and Reuteman Margaret
Bought by
Msp Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$301,000
Interest Rate
4.4%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 9, 2012
Sold by
Gmeinder Brent and Gmeinder Nicole E
Bought by
Voggesser Gary

Purchase Details

Closed on
Nov 4, 2011
Sold by
Nicole M Engel
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
Nov 21, 2005
Sold by
Tower Lofts Lllp
Bought by
Engel Nicole M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$295,520
Interest Rate
4.87%
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
Baumhart Michael $475,000 American Title
Msp Investments Llc $430,000 Titlenexus Llc
Voggesser Gary $219,900 Burnet Title
Wells Fargo Bank Na $130,194 --
Wells Fargo Bank Na $130,194 None Available
Engel Nicole M $369,400 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Baumhart Michael $427,500
Previous Owner Msp Investments Llc $301,000
Previous Owner Voggesser Gary $150,000
Previous Owner Engel Nichole M $295,520
Previous Owner Engel Nicole M $36,940
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/01/2023 05/01/23 Sold $475,000 +1.1% $357 / Sq Ft
04/03/2023 04/03/23 Pending -- -- --
01/16/2023 01/16/23 For Sale $469,900 -- $353 / 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 $5,786 $443,000 $48,000 $395,000
2022 $6,136 $442,500 $44,000 $398,500
2021 $5,922 $442,500 $40,000 $402,500
2020 $6,417 $442,500 $21,600 $420,900
2019 $6,296 $442,500 $10,800 $431,700
2018 $5,923 $421,500 $10,800 $410,700
2017 $5,577 $362,000 $10,800 $351,200
2016 $5,395 $339,000 $10,800 $328,200
2015 $5,105 $305,500 $10,800 $294,700
2014 -- $262,000 $10,800 $251,200
Source: Public Records

Agents Affiliated with this Home

  • Aleksa Montpetit

    Seller's Agent in 2023

    Aleksa Montpetit

    DRG

    (651) 210-4213

    47 in this area

    166 Total Sales

    Section Image

  • J

    Buyer's Agent in 2023

    Jacob Stenger

    Compass

    (763) 221-2062

    1 in this area

    23 Total Sales

    Section Image
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Map

Source: NorthstarMLS

MLS Number: 6323822

NorthstarMLS

APN: 22-029-24-12-0522

Minnesota Hennepin County Minneapolis 55401 North Loop

700 Washington Ave N Unit 512, Minneapolis, MN

This home is located at 700 Washington Ave N Unit 512, Minneapolis, MN 55401 since 16 January 2023 and is currently estimated at $491,142, approximately $369 per square foot. This property was built in 1920. 700 Washington Ave N Unit 512 is a home located in Hennepin County with nearby schools including Webster Elementary, Northeast Middle School, and Thomas Edison High School.

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