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433 S 7th Street , #2225

Minneapolis, MN 55415
  • $198,000
  • STATUS: Active
  • ON SITE: 139 Days
  • ID#: 6199148
UPDATED: 51 min ago
$198,000
  • 2
    BEDS
  • N/A
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 865
    SQFT
  • $229
    $/SQFT
Neighborhood:
Type:
Condo
Built:
1985
County:

School Ratings & Info

School District:
NorthstarMLS] logo Listing courtesy of Savvy Avenue, Llc.

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.

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IDX data © 2022 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than The Pietig Properties Group | RE/MAX Advantage Plus are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. The Pietig Properties Group | RE/MAX Advantage Plus is not a Multiple Listing Service, nor does it offer MLS access. This website is a service of The Pietig Properties Group | RE/MAX Advantage Plus, a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. Information deemed reliable but not guaranteed. By viewing the listings on this site, you are agreeing to abide by the RMLS End-User License Agreement. Data last updated 2022-10-06T18:23:36.877.

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433 S 7th Street , #2225 Minneapolis, MN 55415

  • Price: $198,000
  • Status: Active
  • On Site: 139 Days
  • Updated: 51 min ago
  • ID#: 6199148
2
Beds
2
Baths
0
½ Baths
N/A
Acres
865
SQFT
$229
$/SQFT
1985
Built
Neighborhood:
Downtown West
County:
Hennepin
Area:
Downtown West
School District:
1 - Minneapolis
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.
Exterior Features

Construction Materials Brick/Stone Foundation Area 865 Garage Square Feet 0 Levels One Lot Features Public Transit (W/In 6 Blks) Lot Size Dimensions Common Parking Features Underground Road Frontage Type City StreetPaved StreetsSidewalks Roof Concrete

Interior Features

Above Grade Finished Area 865 Amenities Unit CableCeiling Fan(S)City ViewKitchen Center IslandKitchen WindowMain Floor Primary BedroomNatural WoodworkPanoramic View Appliances DishwasherDisposalMicrowaveRangeRefrigerator Basement None Bath Desc Private PrimaryMain Floor Full Bath Bathrooms One Quarter 0 Below Grade Finished Area 0 Cooling Window Unit(S) Dining Room Description Eat In KitchenInformal Dining Room Fireplace YN No Fireplaces Total 0 Heating Baseboard Room Type Living RoomDining RoomKitchenBedroom 1Bedroom 2 Rooms Dining Room (Main Level 12x12) Bedroom 1 (Main Level 12x12) Kitchen (Main Level 7x10) Living Room (Main Level 12x12) Bedroom 2 (Main Level 12x12) Shared Rooms Amusement/Party RoomExercise RoomPlay AreaSun Room Special Search All Living Facilities On One LevelMain Floor Bedroom SQFTAbove Ground Total 865.0000 SQFTBelow Ground Total 0.0000 SQFTMain Total 865.0000 SQFTTotal 865.00

Property Features

Accessibility Features Accessible Elevator InstalledWheelchair Ramp(S) Additional Parcels YN No Assessment Pending No Association Amenities Guard - 24 HourCar WashCommon GardenConcrete Floors & WallsDeckElevator(S)Fire Sprinkler SystemSpa/Hot TubSaunaSecurity Association Fee 568 Association Fee Frequency Monthly Association Fee Includes Maintenance StructureCable TvHazard InsuranceHeatingInternetLawn CareMaintenance GroundsProfessional MgmtRecreation FacilityTrashSecuritySecurityShared AmenitiesSnow RemovalWater Association Name Firstservice Residential Association YN Yes Contingency None Electric Circuit Breakers Foreclosure Status No Fuel Electric Land Lease Amount 0 Lender Owned No Manufactured Home No New Construction YN No Pool Features Above GroundHeatedShared Postal City Minneapolis Potential Short Sale No Power Company Name Xcel Energy Present Use Yearly Property Attached YN Yes Property Sub Type High Rise Rental License Type Standard Rental License YN Yes Restrictions Mandatory Owners AssocPets - Dogs AllowedPets - Weight/Height Limit Sewer City Sewer/Connected Tax Annual Amount 2314 Tax With Assessments 2314.0000 Tax Year 2022 Water Source City Water/Connected Zoning Description Residential-Multi-Family

NorthstarMLS] logo © 2022 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved.
Listing courtesy of Savvy Avenue, Llc: . This home sale information is not an appraisal, competitive or comparative market analysis, CMA or home valuation. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items.


IDX data © 2022 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than The Pietig Properties Group | RE/MAX Advantage Plus are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. The Pietig Properties Group | RE/MAX Advantage Plus is not a Multiple Listing Service, nor does it offer MLS access. This website is a service of The Pietig Properties Group | RE/MAX Advantage Plus, a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. Information deemed reliable but not guaranteed. By viewing the listings on this site, you are agreeing to abide by the RMLS End-User License Agreement. Data last updated 2022-10-06T18:23:36.877.

Click here for Digital Millennium Copyright Act
 
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The Pietig Properties Group | RE/MAX Advantage Plus
270 Elm Street E.
Annandale MN, 55302
NorthstarMLS] logo Listing courtesy of Savvy Avenue, Llc.