$335,000
SOLD OCT 31, 2024

700 Washington Ave N Unit 625 Minneapolis, MN 55401

North Loop Neighborhood
1 Bed
1 Bath
1,058 Sq Ft
$653/mo HOA Fee

Recently Sold

$317 Per Sq Ft

13 Days on Market

Highlights

  • Elevator
  • Patio
  • Storage Room
  • 1 Car Attached Garage
  • Entrance Foyer
  • 1-Story Property

About This Home

As of October 2024

Welcome to Tower Lofts! This top floor unit in the heart of the North Loop overlooks the Washington Ave entertainment district and it footsteps from some of the best dining and entertainment in the city. Floor to ceiling exposed brick walls, hardwood floors and an open kitchen, living and eating area has an abundance of natural light. The bedroom has a closet system and there is a loft for additional storage or a cozy reading nook. This unit has a stackable washer/dryer, one parking stall in a heated and secure garage with an additional storage unit. This dog-friendly building has a rooftop deck with grills, fire pits and picturesque views of the city. Walkable to Target Field, award-winning cuisine, bars, coffee shops, a nearby dog park and access to trails make this the perfect loft in the city.

Last Agent to Sell the Property

Erin Bailey

Wexford Real Estate Listed on: 09/26/2024

Co-Listed By

Joel Burger

Wexford Real Estate

Last Buyer's Agent

Courtney Douglass

Reside

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,646

Year Built

  • Built in 2005

HOA Fees

  • $653 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Heated Garage
  • Parking Garage Space

Interior Spaces

  • 1,058 Sq Ft Home
  • 1-Story Property
  • Entrance Foyer
  • Combination Dining and Living Room
  • Storage Room

Kitchen

  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Patio

Utilities

  • Forced Air Heating and Cooling System
  • 100 Amp Service

Listing and Financial Details

  • Assessor Parcel Number 2202924120561

Community Details

Overview

  • Association fees include air conditioning, maintenance structure, cable TV, gas, internet, lawn care, professional mgmt, security, shared amenities, snow removal
  • First Service Residential Association, Phone Number (952) 236-1980
  • High-Rise Condominium
  • Cic 1338 Tower Lofts Condo Subdivision

Amenities

  • Elevator

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,646

Year Built

Built in 2005

Lot Details

0

HOA Fees

$653 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: Elevator(s), Patio
  • Fee Frequency: Monthly
  • Year Built: 2005
  • Above Grade Finished Sq Ft: 1058
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Basement: None
  • Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
  • Living Area: 1058
  • Basement YN: No
  • Dining Room Type: Living Room, Kitchen, Bedroom 1, Bathroom, Foyer, Storage

Beds/Baths

  • Full Bathrooms: 1
  • Total Bedrooms: 1

Exterior Features

  • ConstructionMaterialsDesc: Brick
  • Neighborhood: North Loop
  • PatioPorchType: Patio

Garage/Parking

  • Parking Features: Attached Garage, Heated Garage, Parking Garage, Underground

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • Electric: 100 Amp Service
  • Fuel: Natural Gas

Condo/Co-op/Association

  • HOA Fee Includes: Air Conditioning, Maintenance Structure, Cable TV, Gas, Internet, Lawn Care, Professional Mgmt, Security, Shared Amenities, Snow Removal
  • Phone: 952-236-1980
  • Association Fee: 653
  • Association: Yes
  • Amenities Unit: Hardwood Floors,Vaulted Ceiling(s)

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 Sq Ft: 47741.76
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Business/Commercial,Residential-Multi-Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Brick/Stone

Tax Info

  • Tax Year: 2024
  • Assessor Parcel Number: 2202924120561
  • Tax Annual Amount: 4646
  • TaxWithAssessments: 4645.5200

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 26, 2024
Closed on
Oct 31, 2024
Sold by
Mooney Michael J
Bought by
Heyer William
Seller's Agent
Erin Bailey
Wexford Real Estate
Buyer's Agent
Courtney Douglass
Reside
List Price
$335,000
Sold Price
$335,000
Views
7
Current Estimated Value
$337,604

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,604
Avg. Annual Appreciation
1.01%
Original Mortgage
$234,500
Outstanding Balance
$232,392
Interest Rate
6.09%
Mortgage Type
New Conventional
Estimated Equity
$105,212

Purchase Details

Closed on
Jan 29, 2021
Sold by
Mooney Michael R and Mooney Jodi A
Bought by
Mooney Michael J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$265,000
Interest Rate
2.65%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 30, 2017
Sold by
Durette David P and Gacloch Timothy
Bought by
Mooney Michael J and Mooney Michael R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$207,000
Interest Rate
3.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 23, 2005
Sold by
Tower Lofts Lllp
Bought by
Durette David 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 Type Sale Price Title Company
Warranty Deed $335,000 Edgewater Title
Interfamily Deed Transfer -- Ancona Title & Escrow
Warranty Deed $307,000 Burnet Title
Warranty Deed $328,395 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $234,500 New Conventional
Previous Owner $265,000 New Conventional
Previous Owner $207,000 New Conventional
Previous Owner $246,500 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/31/2024 10/31/24 Sold $335,000 0.0% $317 / Sq Ft
10/09/2024 10/09/24 Pending -- -- --
09/26/2024 09/26/24 For Sale $335,000 -- $317 / 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 $4,646 $360,000 $39,000 $321,000
2022 $4,932 $360,000 $36,000 $324,000
2021 $4,762 $360,000 $32,000 $328,000
2020 $5,160 $360,000 $16,800 $343,200
2019 $5,124 $360,000 $8,400 $351,600
2018 $2,565 $343,000 $8,400 $334,600
2017 $2,228 $294,500 $8,400 $286,100
2016 $4,222 $276,000 $8,400 $267,600
2015 $4,152 $248,500 $8,400 $240,100
2014 -- $217,500 $8,400 $209,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6608726

NorthstarMLS

APN: 22-029-24-12-0561