NOT LISTED FOR SALE

Estimated Value: $386,000 - $439,000

2 Beds
2 Baths
1,296 Sq Ft
$323/Sq Ft Est. Value

Last Sold March 22, 2021

Last sale price $395,000 $305 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $3,370/month

21 Days on Market

Highlights

  • Building Security
  • Vaulted Ceiling
  • Forced Air Heating and Cooling System
  • City View
  • Elevator
  • Heated Garage

About This Home

As of March 2021

North Loop living at its finest. This South facing loft features an open concept,
high ceilings, concrete floors, enormous windows, exposed ductwork, and light flooded living
and kitchen spaces. Spacious bedrooms both have full bath en suites and custom built-ins in
closets. Stacked washer/dryer in unit. The unit comes with TWO parking spots - one heated
underground parking space and an additional parking spot in the outdoor paved lot. The
building offers a gym as well as additional unit storage room. Walking distance to many of
Minneapolis? hottest restaurants, food halls, breweries, WeWork, a dog park, fitness
facilities, Twins stadium and the Minneapolis riverfront.

Last Listed By

Leah Drury

Compass Listed on: 01/15/2021

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,386

Year Built

  • Built in 2004

Lot Details

  • 0.67

HOA Fees

  • $591 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Heated Garage
  • Garage Door Opener

Home Design

  • Property Attached
  • Tar and Gravel Roof
  • Stone Siding

Interior Spaces

  • 1,296 Sq Ft Home
  • 1-Story Property
  • Vaulted Ceiling
  • City Views

Kitchen

  • Range
  • Microwave
  • Freezer
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 2202924210350

Community Details

Overview

  • Association fees include building exterior, cable TV, controlled access, gas, hazard insurance, internet, lawn care, outside maintenance, parking space, professional mgmt, sanitation, security system, shared amenities, snow removal, snow/lawn care, water/sewer
  • First Service Residential Association
  • Cic 1425 918 Lofts A Planned C Subdivision

Additional Features

  • Elevator
  • Building Security

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,386

Year Built

Built in 2004

Lot Details

0

HOA Fees

$591 per month

Parking

2

Listing Details

  • Type: Single Family
  • Property Subtype 1: (CC) Low Rise (3- Levels)
  • Cooling System: Central
  • Outside Features: Brick/Stone
  • Garage Spaces: 2.00
  • Accessibility Features: Elevator
  • Water Source: City Water/Connected
  • Association Amenities: Concrete Floors & Walls, Elevator(s), Security Building
  • Fuel Type: Natural Gas
  • Fee Frequency: Monthly
  • Year Built: 2004
  • Fractional Ownership Y N: No
  • Above Grade Finished Sq Ft: 1296.00
  • Above Grade Finished Area Search: 1296.00
  • Above Grade Finished Sq Ft: 1296.00
  • Assessment Pending Y N: No
  • Association Management: First Service Residential
  • Management Company Phone: 952-277-2700
  • Below Grade Units: Square Feet
  • Carport Y N: No
  • Co Listing Association Office S K: 6457
  • Floor Plan Type: All Living Facilities on One Level, Main Floor Bedroom, Main Floor Laundry
  • Foundation Area Units: Square Feet
  • Garage Area: 400.00
  • Garage Area Units: Square Feet
  • Garage Stall Unit Description: 17
  • Internet Entire Listing Display: Yes
  • List A O R Key Numeric: 6457
  • Listing Organization: Regional MLS of Minnesota
  • Living Area Finished: 1296.00
  • Living Area Finished Units: Square Feet
  • Main Level Area: 1296.00
  • Main Level Area Units: Square Feet
  • Minneapolis Community Names: Central
  • Parcel Numbers: 2202924210350
  • Rental License: No
  • Restrictions Type: Pets - Cats Allowed, Pets - Dogs Allowed
  • Stories Type: One
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Shared Room: Amusement/Party Room, Exercise Room
  • Basement: None
  • Appliances: Dishwasher, Disposal, Dryer, Freezer, Microwave, Range, Refrigerator, Washer
  • Dining Room Features: Informal Dining Room
  • Bathroom Type: Bathroom Ensuite, Two Master Baths
  • Living Area: 1296.00
  • Fireplace: No
  • Stories: 1

Beds/Baths

  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 2

Exterior Features

  • Roof: Tar/Gravel

Garage/Parking

  • Parking Features: Assigned, Driveway - Shared, Garage Door Opener, Heated Garage, Underground Garage

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected

Condo/Co-op/Association

  • HOA Fee Includes: Building Exterior, Cable TV, Controlled Access, Gas, Hazard Insurance, Internet, Lawn Care, Outside Maintenance, Parking Space, Professional Mgmt, Sanitation, Security System, Shared Amenities, Snow Removal, Snow/Lawn Care, Water/Sewer
  • Association Fee: 591.00

Association/Amenities

  • Association Fee Yn: Yes
  • Property Amenities: City View, Kitchen Window, Vaulted Ceiling(s), Walk-In Closet

Schools

  • School District: 1 - Minneapolis
  • School District Phone: 612-668-0000

Lot Info

  • Zoning: Residential-Single Family
  • Construction: Previously Owned
  • Waterfront YN: No
  • PropertyAttachedYN: Yes
  • Assessment Pending: No
  • Lot Size: Common
  • Homestead: Yes
  • LandLeaseAmountFrequency: No
  • Lot Size Area Units: Square Feet

Building Info

  • New Development: No

Tax Info

  • TaxLegalDescription: CIC NO 1425 918 LOFTS A PLANNED COMMU UNIT NO 101
  • Tax Amount: 5386.00
  • Tax Year: 2020
  • Tax With Assessments: 5385.92
  • Assessor Parcel Number: 2202924210350

Multi Family

  • Above Grade Finished Sq Ft: Square Feet

MLS Schools

  • School District Name: 1 - Minneapolis

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 15, 2021
Closed on
Mar 22, 2021
Sold by
Lewis Matthew K and Place Whitney
Bought by
Schmid Erica Anne and Loftus Scott David
Seller's Agent
Leah Drury
Compass
Buyer's Agent
Max Loff
Keller Williams Realty Integrity Lakes
List Price
$385,000
Sold Price
$395,000
Premium/Discount to List
$10,000
2.6%
Total Days on Market
21
Current Estimated Value
$418,958

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$23,958
Avg. Annual Appreciation
1.44%
Original Mortgage
$375,250
Outstanding Balance
$341,093
Interest Rate
2.73%
Mortgage Type
New Conventional
Estimated Equity
$77,865

Purchase Details

Closed on
Oct 18, 2011
Sold by
Lewis Mark S and Lewis Susan P
Bought by
Lewis Matthew K

Purchase Details

Closed on
Sep 16, 2011
Sold by
Bertrand Daniel and Skoge Stephen A
Bought by
Lewis Mark

Purchase Details

Closed on
Aug 2, 2006
Sold by
Midwest Hospitality Inc
Bought by
Bertrand Daniel and Skoge Stephen A

Range of Values:

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Average Value
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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
Schmid Erica Anne $395,000 Watermark Title Agency
Lewis Matthew K -- None Available
Lewis Mark $194,000 Home Title
Bertrand Daniel $331,336 --
Schmid Erica Erica $395,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wolcott Pedro $50,000
Open Schmid Erica Anne $375,250
Closed Schmid Erica Erica $375,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/22/2021 03/22/21 Sold $395,000 +2.6% $305 / Sq Ft
02/05/2021 02/05/21 Pending -- -- --
01/15/2021 01/15/21 For Sale $385,000 -- $297 / 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 $5,469 $419,000 $71,000 $348,000
2022 $5,453 $419,000 $64,000 $355,000
2021 $5,320 $395,000 $64,000 $331,000
2020 $5,386 $395,000 $31,700 $363,300
2019 $5,151 $369,000 $21,100 $347,900
2018 $4,710 $345,000 $21,100 $323,900
2017 $4,196 $272,500 $21,100 $251,400
2016 $4,175 $262,500 $21,100 $241,400
2015 $4,383 $262,500 $21,100 $241,400
2014 -- $229,500 $21,100 $208,400
Source: Public Records

Agents Affiliated with this Home

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Source: NorthstarMLS

MLS Number: NST5701851

NorthstarMLS

APN: 22-029-24-21-0350