Portland Tower 740 Portland Ave Unit 702 Minneapolis, MN 55415
Elliot Park Neighborhood
2
Beds
2
Baths
1,118
Sq Ft
$762/mo
HOA Fee
Highlights
- Elevator
- 1-Story Property
- Forced Air Heating and Cooling System
- Living Room
- Zero Lot Line
- Baseboard Heating
About This Home
As of December 2024Don’t miss this incredible value! This beautiful 2BR, 2BA corner unit offers high-end finishes and stunning downtown views, making it the best deal in the building. Enjoy two walls of massive windows that flood the space with light and showcase skyline views. The unit features hardwood flooring, soaring 10 ft. ceilings, a gourmet kitchen with stainless steel appliances, gas range, granite countertops, and a large kitchen island. The master suite includes a walk-in closet and private bath, plus a 90 sq ft balcony with a gas grill hookup. Custom lighting, window treatments, and ceiling fan in the master suite add to the luxury feel. Portland Tower offers on-site professional management, secure access, a fitness center, community room, rooftop patio with grills and firepits, and free guest parking. Located just one block from the Skyway and within walking distance to The Commons, US Bank Stadium, and the Light Rail Station. Potential to rent an additional parking stall. This is city living at its best!
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $4,261
Year Built
- Built in 2015
Lot Details
- Zero Lot Line
HOA Fees
- $762 Monthly HOA Fees
Parking
- 2 Car Garage
- Varies By Unit
- Heated Garage
- Garage Door Opener
Home Design
- Flat Roof Shape
Interior Spaces
- 1,118 Sq Ft Home
- 1-Story Property
- Living Room
Kitchen
- Range
- Microwave
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 2 Bedrooms
Laundry
- Dryer
- Washer
Utilities
- Forced Air Heating and Cooling System
- Baseboard Heating
Listing and Financial Details
- Assessor Parcel Number 2602924230776
Community Details
Overview
- Association fees include maintenance structure, hazard insurance, heating, ground maintenance, professional mgmt, trash, shared amenities, lawn care
- First Service Residentail Association, Phone Number (952) 277-2700
- High-Rise Condominium
- Portland Tower Subdivision
Amenities
- Elevator
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 16, 2024
Closed on
Dec 27, 2024
Sold by
White Michael R and White Becky A
Bought by
Penn Michael
Seller's Agent
Zach Olson
DRG
Buyer's Agent
Ryan Edwards
RE/MAX Results
List Price
$356,000
Sold Price
$360,000
Premium/Discount to List
$4,000
1.12%
Views
71
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
$6,071
Avg. Annual Appreciation
3.62%
Original Mortgage
$353,479
Outstanding Balance
$351,325
Interest Rate
6.78%
Mortgage Type
FHA
Estimated Equity
$16,572
Purchase Details
Closed on
Sep 12, 2016
Sold by
Portland Tower Llc
Bought by
White Michael R and White Becky A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$262,400
Interest Rate
3.43%
Mortgage Type
New Conventional
Similar Homes in Minneapolis, MN
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
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $360,000 | Titlenexus | |
| Warranty Deed | $360,000 | Titlenexus | |
| Warranty Deed | $377,614 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $353,479 | FHA | |
| Closed | $353,479 | FHA | |
| Previous Owner | $262,400 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/27/2024 12/27/24 | Sold | $360,000 | +1.1% | $322 / Sq Ft |
| 12/06/2024 12/06/24 | Pending | -- | -- | -- |
| 10/18/2024 10/18/24 | For Sale | $356,000 | -- | $318 / 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 | $4,261 | $333,000 | $13,000 | $320,000 |
| 2022 | $4,779 | $326,000 | $10,000 | $316,000 |
| 2021 | $5,010 | $350,000 | $8,000 | $342,000 |
| 2020 | $5,337 | $377,500 | $8,500 | $369,000 |
| 2019 | $5,248 | $366,500 | $7,000 | $359,500 |
| 2018 | $5,003 | $356,000 | $7,000 | $349,000 |
Source: Public Records
Agents Affiliated with this Home
-
Seller's Agent in 2024
Zach Olson
DRG
(218) 282-1237
6 in this area
113 Total Sales
-
Seller Co-Listing Agent in 2024
Michael Dilks
DRG
(262) 215-9932
3 in this area
127 Total Sales
-
Buyer's Agent in 2024
Ryan Edwards
RE/MAX Results
(612) 987-0749
1 in this area
31 Total Sales
About Portland Tower
Map
Source: NorthstarMLS
MLS Number: 6617718
APN: 26-029-24-23-0776
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