NOT LISTED FOR SALE

700 Washington Ave N Unit 514 Minneapolis, MN 55401

North Loop Neighborhood

Estimated Value: $473,000 - $548,000

2 Beds
2 Baths
1,330 Sq Ft
1.1 Acres

Highlights

  • No HOA
  • Living Room
  • Forced Air Heating and Cooling System
  • Elevator
  • 1-Story Property
  • Combination Kitchen and Dining Room

About This Home

As of April 2023

Enjoy expansive true industrial style loft living in the heart of the North Loop in this 5th floor Tower Lofts 2BR, 2BA. Features include 15 ft. ceilings, massive windows, brick exterior walls, polished concrete floors, concrete columns, newly remodeled gourmet kitchen with new stainless steel appliances and large built in island plus pantry, master suite with freight doors and walk-in closet and more! Tower Lofts amenities include: Massive rooftop patio with fire pits/grills/seating/downtown views, free guest parking, onsite professional management. Included in rent: 1 indoor heated parking stall, climate controlled storage unit, water/sewer/trash, gas, heating, a/c, basic cable & internet.

Last Agent to Rent the Property

Tim Carson

DRG Listed on: 02/16/2023

Co-Listed By

Patrick Carson

DRG

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,982

Year Built

  • Built in 2005

Lot Details

  • 1.1

Parking

  • 1 Car Garage
  • Varies By Unit
  • Heated Garage
  • Garage Door Opener
  • Assigned Parking

Home Design

  • Flat Roof Shape

Interior Spaces

  • 1,330 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Combination Kitchen and Dining Room

Kitchen

  • Range
  • Microwave

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Property Available on 4/1/23
  • The owner pays for cable TV, gas, heat, trash collection
  • Assessor Parcel Number 2202924120524

Community Details

Overview

  • No Home Owners Association
  • High-Rise Condominium
  • Tower Lofts Subdivision

Additional Features

  • Elevator
  • Fire Sprinkler System

Condo Details

Home Type

Condominium

Est. Annual Taxes

$5,982

Year Built

Built in 2005

Lot Details

0

Parking

1

Rental Info

  • Furnished: Unfurnished
  • Lease Term: 12 Months
  • Available Date: 2023-04-01
  • Lease Price: 3150.0000
  • ApplicationFee: 78.0000
  • SecurityDeposit: 3150.0000
  • SmokingPermitted: No

Listing Details

  • Type: Residential Lease
  • 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, Deck, Elevator(s), Fire Sprinkler System, Security
  • Year Built: 2005
  • 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
  • Appliances: Dryer, Microwave, Range, Refrigerator, Washer
  • Living Area: 1330
  • Owner Pays: Cable TV, Gas, Heat, Trash Collection
  • Dining Room Type: Living Room, Kitchen, Bedroom 1, Bedroom 2
  • SqFtTotal: 1330.00
  • Shared Rooms: Community Room,Exercise Room

Beds/Baths

  • Full Bathrooms: 2
  • Total Bedrooms: 2

Exterior Features

  • Roof: Flat
  • PoolFeatures: None
  • Fencing: None
  • Neighborhood: North Loop

Garage/Parking

  • Parking Features: Assigned, Garage Door Opener, Heated Garage, Other, Underground, Open, Units Vary

Utilities

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

Condo/Co-op/Association

  • Association: No

Schools

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

Lot Info

  • PropertyAttachedYN: Yes
  • Lot Size: IRREGULAR
  • Land Lease: No
  • Lot Features: Public Transit (w/in 6 blks)
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • ResoLotSizeUnits: Acres
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Brick/Stone

Tax Info

  • Assessor Parcel Number: 2202924120524

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 14, 2021
Sold by
Holst Joshua B and Holst Rachel J
Bought by
Kearns John and Kearns Deirdre M
Current Estimated Value
$505,857

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Outstanding Balance
$315,559
Interest Rate
2.1%
Mortgage Type
New Conventional
Estimated Equity
$194,957

Purchase Details

Closed on
Dec 30, 2020
Sold by
Holst Rachel J and Holst Joshua B
Bought by
Holst Joshua B and Holst Rachel J

Purchase Details

Closed on
Aug 21, 2014
Sold by
Huang Michael Michael
Bought by
Bickart Rachel Rachel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$355,000
Interest Rate
4.1%

Purchase Details

Closed on
Jul 19, 2005
Sold by
Tower Lofts Lllp
Bought by
Huang Michael and Svensson Huang Sofia A
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
Kearns John $500,000 Titlenexus Llc
Holst Joshua B -- None Available
Bickart Rachel Rachel $355,000 --
Huang Michael $377,400 --
Kearns John John $500,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kearns John $400,000
Previous Owner Bickart Rachel Rachel $355,000
Closed Kearns John John $500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/01/2023 04/01/23 Rented $3,150 0.0% --
02/16/2023 02/16/23 Under Contract -- -- --
02/16/2023 02/16/23 For Rent $3,150 -- --
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 $5,982 $458,000 $48,000 $410,000
2022 $6,344 $457,500 $44,000 $413,500
2021 $6,123 $457,500 $40,000 $417,500
2020 $6,635 $457,500 $21,600 $435,900
2019 $6,505 $457,500 $10,800 $446,700
2018 $6,110 $435,500 $10,800 $424,700
2017 $5,714 $374,000 $10,800 $363,200
2016 $5,491 $350,000 $10,800 $339,200
2015 $5,145 $315,500 $10,800 $304,700
2014 -- $270,500 $10,800 $259,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6333753

NorthstarMLS

APN: 22-029-24-12-0524