NOT LISTED FOR SALE

720 Lofts 720 N 4th St Unit 612 Minneapolis, MN 55401

North Loop Neighborhood

Estimated Value: $290,000 - $308,000

1 Bed
1 Bath
885 Sq Ft
$628/mo HOA Fee

Last Sold March 01, 2024

Last sale price $290,000 $328 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $2,582/month

11 Days on Market

Highlights

  • City View
  • Main Floor Primary Bedroom
  • Home Gym
  • Deck
  • Great Room
  • Elevator

About This Home

As of March 2024

Situated in an ideal North Loop location, 720 Lofts offers true industrial loft-style living walking distance from all of the hip restaurants, bars, breweries, entertainment, and shopping offered by the North Loop... plus just blocks from the Light Rail and the Twins Stadium!Move right in and start living your best North Loop life.This 1 bedroom, 1 bath floor plan is on the 6th floor and has downtown Minneapolis skyline views (neighboring 710 Lofts is only 4 stories tall- so no obstructed views or getting to know your neighbors a little too well like on the lower floors). 1 garage parking stall and a storage locker is included.Building amenities include underground heated garage parking, fitness room, secure bicycle storage room, secure storage room, on-site caretakers, and high-speed internet included in the HOA fee!

Last Agent to Sell the Property

Christian Klempp

Compass Listed on: 02/05/2024

Compass

Last Buyer's Agent

NON-RMLS NON-RMLS

Non-MLS

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,670

Year Built

  • Built in 2005

Lot Details

  • 2.09

HOA Fees

  • $628 Monthly HOA Fees

Parking

  • 1 Car Attached Garage

Home Design

  • Flat Roof Shape

Interior Spaces

  • 885 Sq Ft Home
  • 1-Story Property
  • Great Room
  • Home Gym

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Bedrooms and Bathrooms

  • 1 Primary Bedroom on Main
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Home Security

Additional Features

  • Deck
  • Additional Parcels
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 2202924240318

Community Details

Overview

  • Association fees include air conditioning, maintenance structure, cable TV, controlled access, gas, hazard insurance, heating, internet, ground maintenance, parking, professional mgmt, recreation facility, trash, security, shared amenities, snow removal, water
  • First Service Residential Association, Phone Number (952) 277-2700
  • High-Rise Condominium
  • Cic 1300 710 Lofts Subdivision

Additional Features

  • Elevator
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,670

Year Built

Built in 2005

Lot Details

0

HOA Fees

$628 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, No Stairs External, No Stairs Internal
  • Water Source: City Water/Connected
  • Association Amenities: Elevator(s), Fire Sprinkler System, Lobby Entrance, Security
  • Fee Frequency: Monthly
  • Year Built: 2005
  • Above Grade Finished Sq Ft: 885
  • 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, Stainless Steel Appliances, Washer
  • Living Area: 885
  • Basement YN: No
  • Dining Room Type: Great Room, Kitchen, Bedroom 1, Deck
  • Shared Rooms: Exercise Room

Beds/Baths

  • Full Bathrooms: 1
  • Total Bedrooms: 1

Exterior Features

  • Roof: Age Over 8 Years, Flat
  • PoolFeatures: None
  • Fencing: None
  • ConstructionMaterialsDesc: Concrete
  • Neighborhood: North Loop
  • PatioPorchType: Deck

Garage/Parking

  • Parking Features: Attached Garage

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • Electric: Circuit Breakers
  • Fuel: Natural Gas
  • Power Company: Xcel Energy

Condo/Co-op/Association

  • HOA Fee Includes: Air Conditioning, Maintenance Structure, Cable TV, Controlled Access, Gas, Hazard Insurance, Heating, Internet, Maintenance Grounds, Parking, Professional Mgmt, Recreation Facility, Trash, Security, Shared Amenities, Snow Removal, Water
  • Phone: 952-277-2700
  • Association Fee: 628
  • Association: Yes
  • Amenities Unit: City View,Deck,Indoor Sprinklers,Primary Bedroom Walk-In Closet,Main Floor Primary Bedroom,Tile Floors,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
  • Lot Features: Public Transit (w/in 6 blks)
  • Additional Parcels Description: 2202924240405
  • Additional Parcels: Yes
  • Zoning Description: Residential-Single Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Brick/Stone, Fiber Cement

Tax Info

  • Tax Year: 2022
  • Assessor Parcel Number: 2202924240318
  • Tax Annual Amount: 3670
  • TaxWithAssessments: 3725.0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 5, 2024
Closed on
Feb 26, 2024
Sold by
Prichard James
Bought by
Gadek Matthew J
Seller's Agent
Christian Klempp
Compass
Buyer's Agent
NON-RMLS NON-RMLS
Non-MLS
List Price
$290,000
Sold Price
$290,000
Total Days on Market
11
Views
19
Current Estimated Value
$296,320

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$6,320
Avg. Annual Appreciation
1.67%
Original Mortgage
$210,000
Outstanding Balance
$207,541
Interest Rate
6.69%
Mortgage Type
New Conventional
Estimated Equity
$88,779

Purchase Details

Closed on
Dec 13, 2012
Sold by
Moe Nathan and Moody Jessica
Bought by
Prichard James

Purchase Details

Closed on
Feb 10, 2006
Sold by
710 Lofts Inc
Bought by
Moe Nathan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,950
Interest Rate
5.87%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

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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
Gadek Matthew J $290,000 Watermark Title Agency
Prichard James $235,000 Titlenexus Llc
Moe Nathan $253,688 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gadek Matthew J $210,000
Previous Owner Moe Nathan $202,950
Previous Owner Moe Nathan $38,053
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/01/2024 03/01/24 Sold $290,000 0.0% $328 / Sq Ft
02/17/2024 02/17/24 Pending -- -- --
02/05/2024 02/05/24 For Sale $290,000 -- $328 / 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 $3,571 $283,000 $27,000 $256,000
2022 $3,725 $275,000 $24,000 $251,000
2021 $3,488 $275,000 $23,000 $252,000
2020 $3,934 $270,000 $6,300 $263,700
2019 $3,754 $281,000 $4,200 $276,800
2018 $3,499 $262,500 $4,200 $258,300
2017 $3,395 $220,500 $4,200 $216,300
2016 $3,260 $205,000 $4,200 $200,800
2015 $3,273 $196,000 $4,200 $191,800
2014 -- $189,000 $4,200 $184,800
Source: Public Records

Agents Affiliated with this Home

  • Christian Klempp

    Seller's Agent in 2024

    Christian Klempp

    Compass

    (612) 669-1358

    6 in this area

    163 Total Sales

    Christian Klempp
    Section Image

  • N

    Buyer's Agent in 2024

    NON-RMLS NON-RMLS

    Non-MLS

See All Agents

About 720 Lofts

Map

Source: NorthstarMLS

MLS Number: 6484929

NorthstarMLS

APN: 22-029-24-24-0318

Minnesota Hennepin County Minneapolis 55401 North Loop

720 N 4th St Unit 612, Minneapolis, MN

This home is located at 720 N 4th St Unit 612, Minneapolis, MN 55401 since 05 February 2024 and is currently estimated at $296,320, approximately $334 per square foot. This property was built in 2005. 720 N 4th St Unit 612 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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