Seller's Agent in 2023
Brooks Borrell
Compass
(612) 414-8207
15 in this area
50 Total Sales
748 N 3rd St Unit 500 Minneapolis, MN 55401
North Loop NeighborhoodEstimated Value: $360,000 - $413,000
2
Beds
1
Bath
1,000
Sq Ft
$643/mo
HOA Fee
Highlights
- Home Gym
- Living Room
- Forced Air Heating and Cooling System
- 1 Car Attached Garage
- 1-Story Property
- Heated Garage
About This Home
As of July 2023Herschel Lofts was a manufacturing plant constructed in 1915 and converted to 47 Lofts in the North Loop in 2006. Unit #500 has ample natural light from the windows facing South and West including windows in both bedrooms. The condo was recently updated with new paint throughout including the cabinets and bathroom vanity as well as updated lighting. If you're looking for an abundance of natural light, a great downtown view, and living across the street from a park, this is the home for you.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $4,927
Year Built
- Built in 1915
Lot Details
- 0.72
HOA Fees
- $643 Monthly HOA Fees
Parking
- 1 Car Attached Garage
- Heated Garage
- Garage Door Opener
- Assigned Parking
Interior Spaces
- 1,000 Sq Ft Home
- 1-Story Property
- Living Room
- Home Gym
Kitchen
- Range
- Microwave
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Full Bathroom
Utilities
- Forced Air Heating and Cooling System
Community Details
- Association fees include maintenance structure, cable TV, controlled access, hazard insurance, internet, lawn care, ground maintenance, professional mgmt, trash, shared amenities, snow removal, water
- First Service Residential Association, Phone Number (651) 240-7900
- High-Rise Condominium
- Herschel Lofts Subdivision
Listing and Financial Details
- Assessor Parcel Number 2202924210416
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 2, 2023
Closed on
Jul 11, 2023
Sold by
Block Charles A and Block Kathryn E
Bought by
Munley Lauren
Seller's Agent
Brooks Borrell
Compass
Buyer's Agent
Michael Weiss
Coldwell Banker Realty
List Price
$385,000
Sold Price
$400,000
Premium/Discount to List
$15,000
3.9%
Views
16
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
-$7,110
Avg. Annual Appreciation
-0.85%
Original Mortgage
$300,000
Outstanding Balance
$293,333
Interest Rate
6.71%
Mortgage Type
New Conventional
Estimated Equity
$99,557
Purchase Details
Closed on
May 18, 2022
Sold by
Block Charles A and Nettleman Kathryn E
Bought by
Block Charles A and Nettleman Kathryn E
Purchase Details
Closed on
Oct 15, 2020
Sold by
Block Richard E and Block Jane C
Bought by
Block Charles A
Purchase Details
Closed on
Mar 9, 2017
Sold by
Grunnet Joseph and Grunnet Stacy
Bought by
Block Charles A and Block Richard E
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Munley Lauren | $400,000 | Titlenexus | |
| Block Charles A | -- | None Listed On Document | |
| Block Charles A | -- | None Available | |
| Block Charles A | $320,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Munley Lauren | $300,000 | |
| Previous Owner | Grunnet Stacy | $287,125 | |
| Previous Owner | Grunnet Stacy | $274,288 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/21/2023 07/21/23 | Sold | $400,000 | +3.9% | $400 / Sq Ft |
| 06/15/2023 06/15/23 | Pending | -- | -- | -- |
| 06/09/2023 06/09/23 | For Sale | $385,000 | -- | $385 / 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 | $5,038 | $386,000 | $97,000 | $289,000 |
| 2022 | $5,190 | $374,500 | $93,000 | $281,500 |
| 2021 | $5,009 | $374,500 | $80,000 | $294,500 |
| 2020 | $5,073 | $374,500 | $27,800 | $346,700 |
| 2019 | $5,225 | $350,000 | $18,500 | $331,500 |
| 2018 | $4,913 | $350,000 | $18,500 | $331,500 |
| 2017 | $4,604 | $299,000 | $18,500 | $280,500 |
| 2016 | $4,445 | $279,500 | $18,500 | $261,000 |
| 2015 | $4,558 | $273,000 | $18,500 | $254,500 |
| 2014 | -- | $255,500 | $18,500 | $237,000 |
Source: Public Records
Agents Affiliated with this Home
-
Brooks Borrell
-
Michael Weiss
Buyer's Agent in 2023
Michael Weiss
Coldwell Banker Burnet
(612) 747-5463
1 in this area
25 Total Sales
Map
Source: NorthstarMLS
MLS Number: 6379699
APN: 22-029-24-21-0416
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