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Sold for $242,500
  • $242,500

    401 1st St S #306, Minneapolis, MN 55401

    1beds
    1baths
    832sqft
    Apartment
    Built in 1989
    -- sqft lot
    $250,000 Zestimate®
    $291/sqft
    $2,220 Estimated rent

    Home value

    $250,000

    $238,000 - $263,000

    $2,220/mo

    Zestimate® history
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    $2,220/mo

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    $2,220/mo

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    $2,016/mo

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    $2,016/mo

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    What's special

    There is construction going on in the building Monday - Friday between 8am - 5pm. In 2022, the downtown facing units (which this unit is on) will have construction. The construction will continue until mid- October 2022. In 2023, the river facing units will be under construction. This unit is a beautiful, 3rd floor, 1 bedroom/ 1 bathroom condo at RiverWest Condominiums in downtown Minneapolis in the Mill District on the river! The home is available for a move-in ASAP - September 30; building move-ins are allowed Monday - Friday between 9am - 4pm. This condo features upgraded lighting fixtures throughout, tile backsplash in the kitchen, granite countertops, kitchen island, stainless steel appliances, track lighting, open concept living room/ dining room, laminate hardwood flooring throughout the main living areas, tile flooring in the bathroom, full size washer/ dryer, nearly new carpeting, balcony, walk-in closet, and Southern downtown exposures. The building has a fitness center, two party rooms, an outdoor pool, a rooftop terrace with barbeque grills, controlled entry, a car wash bay, a sauna, and hot tub. (Amenities are still gradually re-opening in light of Covid-19). The home includes gas, AC, water, sewer, trash, basic cable, 1 parking stall, and 1 storage space. (Second parking stalls are based on your ability to rent from another owner in the building, or nearby contract parking. The tenant is only responsible for electric (internet if desired). One small dog is accepted with an additional $50/ month pet fee, and submission of a $350 pet deposit of which $150 is non-refundable for a required carpet cleaning at move-out. Tenant must pay a $300 move-in fee accessed by the building with their first month rent. The application process is done entirely online through a company called RHR the application fee is $55.50/ adult - $70.50/ adult if you have lived out of state in the last 10 years. (Some states are currently still closed down, so if you have lived out of state in the last 10 years, please email the state so we can check the ability to do a background check). INCLUDED IN THE RENT: Gas, AC, water, sewer, trash, basic cable, internet (300 mbps), 1 parking stall, 1 storage space TENANT PAYS: Electric

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 1
    • Bathrooms: 1
    Heating
    • Forced air
    Cooling
    • Other
    Appliances
    • Included: Dryer, Washer
    • Laundry: In Unit
    Features
    • Flooring: Tile, Hardwood
    Interior area
    • Total interior livable area: 832 sqft

    Property

    Parking
    • Parking features: Garage - Detached, Off-street
    Features
    • Exterior features: Wood
    Lot
    • Size: 1.59 Acres
    Details
    • Parcel number: 2302924310100

    Construction

    Type & style
    • Home type: Apartment
    Materials
    • concrete
    • Roof: Built-up
    Condition
    • Year built: 1989

    Community & HOA

    HOA
    • Has HOA: Yes
    • HOA fee: $484 monthly
    Location
    • Region: Minneapolis

    Financial & listing details

    • Price per square foot: $291/sqft
    • Tax assessed value: $240,000
    • Annual tax amount: $3,234

    Price history

    DateEventPrice
    9/27/2024Sold$242,500-2.6%$291/sqft
    Source: Public Record Report a problem
    8/20/2022Listing removed--
    Source: Zillow Rental Manager Report a problem
    8/3/2022Listed for rent$1,650+3.2%$2/sqft
    Source: Zillow Rental Manager Report a problem
    2/27/2021Listing removed--
    Source: Owner Report a problem
    7/15/2020Listing removed$1,599$2/sqft
    Source: TBW Report a problem
    7/2/2020Price change$1,599+0.3%$2/sqft
    Source: Owner Report a problem
    7/1/2020Listed for rent$1,595$2/sqft
    Source: Owner Report a problem
    11/4/2019Listing removed$1,595$2/sqft
    Source: Owner Report a problem
    10/24/2019Listed for rent$1,595$2/sqft
    Source: Owner Report a problem
    4/5/2017Sold$249,000+35.7%$299/sqft
    Source: Public Record Report a problem
    9/30/2014Sold$183,500+2%$221/sqft
    Source: Agent Provided Report a problem
    8/2/2014Listed for sale$179,900-1.5%$216/sqft
    Source: Coldwell Banker Burnet - Minneapolis Lakes #4512278 Report a problem
    3/31/2005Sold$182,575$219/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$3,234 +1.8%$240,000
    2024$3,176 +4.8%$240,000 -5.5%
    2023$3,030 +0.2%$254,000 +4.1%
    2022$3,025 +3.5%$244,000 +4.7%
    2021$2,924 -7.8%$233,000
    2020$3,170 +8.4%$233,000
    2019$2,924 -7.8%$233,000 +4%
    2018$3,170 +9.2%$224,000 +6.9%
    2017$2,904 -7.4%$209,500 +5.8%
    2016$3,136 +8.8%$198,000 +7%
    2015$2,883 +3.2%$185,000 +14.6%
    2014$2,793 +9.6%$161,500
    2013$2,549 -1.2%$161,500 -3%
    2012$2,580 +0.6%$166,500
    2011$2,564 +8.4%$166,500 -5.7%
    2010$2,364 -9.4%$176,500 -7.1%
    2009$2,609 $190,000
    Find assessor info on the county website

    Neighborhood: Downtown West

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $250,000
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    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $250,000