NOT LISTED FOR SALE

Portland Tower 740 Portland Ave Unit 1512 Minneapolis, MN 55415

Elliot Park Neighborhood

Estimated Value: $449,000 - $493,000

2 Beds
2 Baths
1,333 Sq Ft
$784/mo HOA Fee

Last Sold March 10, 2023

Last sale price $450,000 $338 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $3,886/month

Highlights

  • City View
  • 1 Car Attached Garage
  • Parking Storage or Cabinetry
  • Elevator
  • Living Room
  • 1-Story Property

About This Home

As of March 2023

Enjoy 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!

Last Agent to Sell the Property

Christopher Friend

Edina Realty, Inc. Listed on: 10/06/2022

Edina Realty, Inc.

Last Buyer's Agent

Thomas Liester

Coldwell Banker Realty

Coldwell Banker Realty

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

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,957

Year Built

Built in 2018

Lot Details

0

HOA Fees

$784 per month

Parking

1

Listing Details

  • Type: Residential
  • Property Subtype 1: High Rise
  • Cooling System: Central Air
  • Garage Spaces: 1
  • Accessibility Features: Doors 36"+, Accessible Elevator Installed, Hallways 42"+, Door Lever Handles, No Stairs External, No Stairs Internal
  • Water Source: City Water/Connected
  • Association Amenities: Deck, Elevator(s), Fire Sprinkler System, Security
  • Fee Frequency: Monthly
  • Year Built: 2018
  • Above Grade Finished Sq Ft: 1333
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Basement: None
  • Appliances: Cooktop, Dishwasher, Dryer, Exhaust Fan, Microwave, Refrigerator, Wall Oven, Washer
  • Living Area: 1333
  • Fireplace: No
  • Basement YN: No
  • Dining Room Type: Living Room, Dining Room, Kitchen, Bedroom 1, Bedroom 2
  • Shared Rooms: Amusement/Party Room,Exercise Room

Beds/Baths

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

Exterior Features

  • Neighborhood: Elliot Park

Garage/Parking

  • Parking Features: Assigned, Attached Garage, Shared Driveway, Heated Garage, Secured, Storage, Underground

Utilities

  • Heating: Baseboard
  • Sewer: City Sewer/Connected
  • Fuel: Natural Gas

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, Trash, Security, Shared Amenities, Snow Removal, Water
  • Phone: 612-354-3044
  • Association Fee: 784
  • Association: Yes
  • Amenities Unit: Balcony,Cable,Ceiling Fan(s),City View,Ethernet Wired,Hardwood Floors,Indoor Sprinklers,Kitchen Center Island,Local Area Network,Primary Bedroom Walk-In Closet,Main Floor Primary Bedroom,Tile Floors,Washer/Dryer Hookup,Walk-In Closet

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: 0
  • Land Lease: No
  • Additional Parcels Description: 2602924230996
  • Additional Parcels: Yes
  • Zoning Description: Residential-Multi-Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Brick/Stone, Metal Siding

Tax Info

  • Tax Year: 2022
  • Assessor Parcel Number: 2602924230854
  • Tax Annual Amount: 6957
  • TaxWithAssessments: 6957.0000

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%
Views
83
Current Estimated Value
$475,383

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$25,383
Avg. Annual Appreciation
2.44%
Original Mortgage
$405,000
Outstanding Balance
$394,523
Interest Rate
6.12%
Mortgage Type
New Conventional
Estimated Equity
$82,516

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

Closed on
Jun 14, 2018
Sold by
Portland Tower L L C
Bought by
Reoli Paul A
Source: Public Records

Range of Values:

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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
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 -- $359 / 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 $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

    182 Total Sales

    Section Image
  • Thomas Liester

    Buyer's Agent in 2023

    Thomas Liester

    Coldwell Banker Burnet

    (651) 331-9924

    1 in this area

    35 Total Sales

    Section Image
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About Portland Tower

Map

Source: NorthstarMLS

MLS Number: 6268982

NorthstarMLS

APN: 26-029-24-23-0854

Minnesota Hennepin County Minneapolis 55404 Elliot Park

740 Portland Ave Unit 1512, Minneapolis, MN

This home is located at 740 Portland Ave Unit 1512, Minneapolis, MN 55415 since 06 October 2022 and is currently estimated at $470,856, approximately $353 per square foot. This property was built in 2018. 740 Portland Ave Unit 1512 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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