$194,000
$198,000
2.0%For more information regarding the value of a property, please contact us for a free consultation.
433 S 7th ST #2225 Minneapolis, MN 55415
2 Beds
2 Baths
865 SqFt
Key Details
Sold Price $194,000
Property Type Condo
Sub Type High Rise
Listing Status Sold
Purchase Type For Sale
Square Footage 865 sqft
Price per Sqft $224
MLS Listing ID 6199148
Sold Date 01/17/23
Bedrooms 2
Full Baths 2
HOA Fees $568/mo
Year Built 1985
Annual Tax Amount $2,314
Tax Year 2022
Contingent None
Lot Dimensions Common
Property Sub-Type High Rise
Property Description
Don't let this deal pass by! The HOA special assessment of $40.02/sqft x 865 = $34,616 ($229/month for 20 yrs at 5.5% starting 5/1/2019, HOA published info) has been paid off by the seller. If not paid, $229 a month for the remaining 16.5 yrs is worth $30K, translating to $35/sqft. This unit is priced at $168,000 ($194/sqft) if the buyer were to pay assessment. The true cost is $194/sqft, not $229/sqft. So ask about the assessment balance, avoid a $30,000 mistake because overlooking a seemingly small $250/month assessment. The difference is $35 per sqft.
1. Sunlit southwest facing, up & high level, panoramic view, sunset over dinner, and amazing city view at night.
2. Convenient Downtown location, skyway access. Light rail is 1.5 blocks away.
3. Heated swimming pool, flower garden, and BBQ on the rooftop. New fitness center and party rooms.
4. The HOA association due is $568.93/month, cable is $32.66/month, Internet is $28.33/month.
5. Most furniture can be included.
Location
State MN
County Hennepin
Zoning Residential-Multi-Family
Rooms
Family Room Amusement/Party Room, Exercise Room, Play Area, Sun Room
Basement None
Dining Room Eat In Kitchen, Informal Dining Room
Interior
Heating Baseboard
Cooling Window Unit(s)
Fireplace No
Appliance Dishwasher, Disposal, Microwave, Range, Refrigerator
Exterior
Parking Features Underground
Pool Above Ground, Heated, Shared
Roof Type Concrete
Building
Lot Description Public Transit (w/in 6 blks)
Story One
Foundation 865
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories One
Structure Type Brick/Stone
New Construction false
Schools
School District Minneapolis
Others
HOA Fee Include Maintenance Structure,Cable TV,Hazard Insurance,Heating,Internet,Lawn Care,Maintenance Grounds,Professional Mgmt,Recreation Facility,Trash,Security,Security,Shared Amenities,Snow Removal,Water
Restrictions Mandatory Owners Assoc,Pets - Dogs Allowed,Pets - Weight/Height Limit
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