$ 194,000 $ 198,000 2.0%

433 S 7th ST #2225

Minneapolis, MN 55415

  • 2 Beds
  • 2 Baths
    Full Baths: 2
  • 865 SqFt
  • 1985 Year Built
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.
Listed by Moe Mossa of Savvy Avenue, LLC

PROPERTY DETAIL

  • 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

  • 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

  • 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

  • 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

  • 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,Shared Amenities,Snow Removal,Water

    Restrictions Mandatory Owners Assoc,Pets - Dogs Allowed,Pets - Weight/Height Limit

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