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250 Park Ave Unit 408, Minneapolis, MN, 55415

$297,500

Home List Price

$3,533*

Closing Credit

1 Bedroom
1 Full Bath
1,056 SqFt
$282/SqFt
Condo
Schools Nearby

Location

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250 Park Ave Unit 408, Minneapolis$297,500

Buyer Closing Credits

$3,533*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingHeated Garage, Underground
Garage1 space
Year Built1900
HeatingBaseboard, Forced Air
CoolingCentral Air
MLS #6497401
StatusActive

About 250 Park Ave Unit 408

Welcome to the American Trio Lofts in the heart of the Mill District. This 1 bedroom + den condo is a striking juxtaposition of historic 1910 warehouse roots and modern day condo living. While the 11 ft ceilings, concrete pillars, exposed brick and duct work, and flowing open spaces provide the perfect modern industrial aesthetic, you'll be sure to appreciate the thoughtfully designed layout which includes a spacious defined bedroom with door, a wonderful walk-through bathroom, a separate den/office space and a gorgeous eat-in kitchen with views of Downtown. Located a stone's throw from the Mississippi River, you're walking distance to the Stone Arch Bridge, Gold Medal Park, Guthrie Theater, Trader Joe's, US Bank Stadium and endless bars and restaurants. Onsite, you have access to a rooftop patio with panoramic views of Downtown, a top-notch excercise room and 24 hr valet parking.

Property Details

Property Features

Property Information:

  • Year Built: 1900
  • Living Area: 1,056 SqFt

Listing Office:

  • Office Name: Compass

Interior Features

Interior Information:

  • Appliances: Dishwasher, Disposal, Dryer, Freezer, Microwave, Range, Refrigerator, Washer
  • Basement: No

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 1

Exterior Features

Parking Information:

  • Garage Space: 1 space
  • Attached Garage: No
  • Parking: Heated Garage, Underground

Utilities

Utilities Information:

  • Heating: Baseboard, Forced Air
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Edison High School, Public District Grades 9-12
  • Northeast Middle School, Public Magnet Grades 6-8

Other

Directions Information:

  • Directions: Located on Park Ave between Washington Ave and 3rd St

Price Information

Listing Price Info

Price Summary:

  • List Price: $297,500
  • Price Per SqFt: $282/SqFt

HOA Fees:

  • Amount: $803
  • Frequency: Monthly

Tax Information:

  • Annual Amount: $3,782
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Minneapolis, MN.

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Minneapolis, MN

City

Med. Sold Price

$341.2K

Med. Price/SqFt

$201

Avg. Days On Market

38

# of Sold Homes

862

250 Park Ave Unit 408 vs Minneapolis

59 DAYS ON ROCKET

+21 Days

$297,500

-$43.7K Less

$282/SqFt

+$80 More

KEY TAKEAWAY

This property is $43.7K less than the Median Sold Price and $80/SqFt more than other homes in Minneapolis, MN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NORTHSTAR
  • MLS Number: #6497401

Listing Office:

  • Office Name: Compass

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Last updated on: 4/30/2024, 12:52:15 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Sep 16, 2005Home Sold
$225,000

Tax History

YEARPROP. TAXASSESSMENT
2020$3,782$281,500
2019$4,314$296,500
2018$4,190$279,500
2017$3,757$247,250

History based on county public records data.

Payment Calculator

$2,355

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$958

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Middle School

school-card-donut-3586378
2
/10

  • Northeast Middle School

  • 2955 Hayes St NE

  • 3.33 miles

  • Public Magnet Grades 6-8

High School

school-card-donut-3586379
2
/10

  • Edison High School

  • 700 22nd Ave NE

  • 2.26 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $107,721. Most Minneapolis, MN residents have annual incomes between $35k-100k. Typical family type is single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 250 Park Ave Unit 408

What is the listing price of this property?

The listing price of 250 Park Ave Unit 408 property is $297,500.

What type of property is this?

The property 250 Park Ave Unit 408 is a condo located in Minneapolis, Minnesota, 55415.

Is this property for sale now?

Active Listing: 250 Park Ave Unit 408 is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 250 Park Ave Unit 408 are:
Northeast Middle School: GreatSchools Rating 2/10
Edison High School: GreatSchools Rating 2/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $3,782 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on September 16, 2005 for $225,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 250 Park Ave Unit 408 has 1 bedroom and 1 bathroom.

What is the square footage of this property?

The property 250 Park Ave Unit 408 is 1,056 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 250 Park Ave Unit 408 is 1900.

Rocket Homes›Minnesota›Hennepin County›Minneapolis›55415›250 Park Ave Unit 408

This home is located at 250 Park Ave Unit 408 in Minneapolis, MN and zip code 55415 in the Downtown East neighborhood. This 1,056 square foot home was built in 1900. Features: 1 bedroom, 1 bathroom. It has been listed on Rocket Homes since March 02, 2024 and is currently priced at $297,500.

Minneapolis, MN housing market in March 2024 saw over 380 listings sold above listed price, more than 165 sold at listed price and over 317 sold below. The number of homes for sale in Minneapolis, MN increased by 15.5% between February 2024 and March 2024. In March 2024, listings were on the market for 38 days. During the same period, the median list price in this real estate market was $341,287.

From Rocket Homes Real Estate and based on county public records data.

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