Portland Tower 740 Portland Ave Unit 1512 Minneapolis, MN 55415
Elliot Park NeighborhoodEstimated Value: $455,000 - $503,000
2
Beds
2
Baths
1,333
Sq Ft
$784/mo
HOA Fee
Highlights
- City View
- 1 Car Attached Garage
- Parking Storage or Cabinetry
- Elevator
- Living Room
- 1-Story Property
About This Home
As of March 2023Enjoy the best of urban living in this rare and spectacular condo at Portland Tower! Only four units share this smart & spacious open floor plan featuring a semi-detached living room, a nearly 100 sf. private inset balcony with gas hook up and a spacious laundry room. Expansive wall of windows & solid hardwood floors. These higher-floor units are outfitted with an upgraded kitchen package including GE Monogram built-in appliances, a range hood and 42” cabinetry. An additional $30k of tasteful upgrades include lighting, bath tile, quartz countertops, custom built-in closets & entertainment center and window treatments. Amenities include an on-site manager, fitness center, community room, rooftop patio with grills & fire pits, dog relief room and heated guest parking! Inclusive dues even cover cable & internet – you just pay electric. Dead-center location convenient to US Bank Stadium, the Mississippi, parks & trails, downtown & skyways, bars & restaurants, Trader Joes and so much more!
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $6,957
Year Built
- Built in 2018
Lot Details
- Additional Parcels
HOA Fees
- $784 Monthly HOA Fees
Parking
- 1 Car Attached Garage
- Parking Storage or Cabinetry
- Heated Garage
- Assigned Parking
- Secure Parking
Interior Spaces
- 1,333 Sq Ft Home
- 1-Story Property
- Living Room
- Dining Room
Kitchen
- Built-In Oven
- Cooktop
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- 2 Bedrooms
Laundry
- Dryer
- Washer
Home Security
Utilities
- Central Air
- Baseboard Heating
Listing and Financial Details
- Assessor Parcel Number 2602924230854
Community Details
Overview
- Association fees include air conditioning, maintenance structure, cable TV, controlled access, gas, hazard insurance, heating, internet, ground maintenance, parking, professional mgmt, trash, security, shared amenities, snow removal, water
- First Service Residential Association, Phone Number (612) 354-3044
- High-Rise Condominium
- Cic 2028 Portland Tower Condo Subdivision
Additional Features
- Elevator
- Fire Sprinkler System
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 6, 2022
Closed on
Mar 10, 2023
Sold by
Tom And Jean Sun Family Partnerships Ltd
Bought by
Mendonca Nikolai Peter and Forde Inga Charisse
Seller's Agent
Christopher Friend
Edina Realty, Inc.
Buyer's Agent
Thomas Liester
Coldwell Banker Realty
List Price
$479,000
Sold Price
$450,000
Premium/Discount to List
-$29,000
-6.05%
Total Days on Market
0
Views
83
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$27,141
Avg. Annual Appreciation
2.75%
Original Mortgage
$405,000
Outstanding Balance
$394,523
Interest Rate
6.12%
Mortgage Type
New Conventional
Estimated Equity
$82,618
Purchase Details
Closed on
May 11, 2020
Sold by
Reoli Paul A and Reoli Gail
Bought by
Tom And Jean Sun Family Partnerships Ltd
Purchase Details
Listed on
Feb 28, 2018
Closed on
Jun 14, 2018
Sold by
Portland Tower L L C
Bought by
Reoli Paul A
Seller's Agent
Colleen J. Ratzlaff-LaBeau
Re/Max Advantage Plus
Buyer's Agent
Colleen J. Ratzlaff-LaBeau
RE/MAX Advantage Plus
List Price
$556,900
Sold Price
$557,438
Premium/Discount to List
$538
0.1%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.23%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Similar Homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Mendonca Nikolai Peter | $450,000 | Edina Realty Title | |
| Tom And Jean Sun Family Partnerships Ltd | $510,000 | None Available | |
| Reoli Paul A | $557,438 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Mendonca Nikolai Peter | $405,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/10/2023 03/10/23 | Sold | $450,000 | -6.1% | $338 / Sq Ft |
| 10/06/2022 10/06/22 | Pending | -- | -- | -- |
| 10/06/2022 10/06/22 | For Sale | $479,000 | 0.0% | $359 / Sq Ft |
| 11/08/2021 11/08/21 | Rented | $2,200 | 0.0% | -- |
| 06/14/2018 06/14/18 | Sold | $557,438 | +0.1% | $418 / Sq Ft |
| 03/28/2018 03/28/18 | Pending | -- | -- | -- |
| 03/05/2018 03/05/18 | For Sale | $556,900 | 0.0% | $418 / Sq Ft |
| 02/28/2018 02/28/18 | Pending | -- | -- | -- |
| 02/28/2018 02/28/18 | For Sale | $556,900 | -- | $418 / Sq Ft |
Source: NorthstarMLS
Tax History Compared to Growth
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 | $6,004 | $460,000 | $16,000 | $444,000 |
| 2022 | $6,653 | $466,000 | $12,000 | $454,000 |
| 2021 | $7,105 | $480,000 | $10,000 | $470,000 |
| 2020 | $7,500 | $525,500 | $9,200 | $516,300 |
| 2019 | $5,091 | $510,000 | $9,200 | $500,800 |
| 2018 | $4,875 | $341,000 | $8,300 | $332,700 |
Source: Public Records
Agents Affiliated with this Home
-
Christopher Friend
Seller's Agent in 2023
Christopher Friend
Edina Realty, Inc.
(612) 827-5847
6 in this area
187 Total Sales
-
Thomas Liester
Buyer's Agent in 2023
Thomas Liester
Coldwell Banker Burnet
(651) 331-9924
1 in this area
32 Total Sales
-
Shabnam Golafshan
S
Seller's Agent in 2021
Shabnam Golafshan
Edina Realty, Inc.
(651) 338-6514
37 Total Sales
-
Colleen J. Ratzlaff-LaBeau
Seller's Agent in 2018
Colleen J. Ratzlaff-LaBeau
RE/MAX Advantage Plus
(952) 985-4170
13 in this area
87 Total Sales
About Portland Tower
Map
Source: NorthstarMLS
MLS Number: 6268982
APN: 26-029-24-23-0854
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