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1201 Yale Place

1201 Yale Place, Minneapolis, MN 55403
Condo in Loring Park
2 Units For Sale
Unit for sale at 1201 Yale Place, Minneapolis, MN 55403

$600,000

  • 1 Bed
  • 1.5 Baths
  • 1,780 ft²
1201 Yale Place #2303, Minneapolis, MN 55403 Listing by Kimm R Pastrana

Unit for sale at 1201 Yale Place, Minneapolis, MN 55403

$1,099,000 ↓ $50K

  • 3 Beds
  • 4 Baths
  • 3,773 ft²
1201 Yale Place #1008, Minneapolis, MN 55403 Listing by Elizabeth B Kleber

1201 Yale Place is a condo located in Loring Park, Minneapolis. The building was first built in 1981 and is 43 years old. 1201 Yale Place has a total of 1 floors.

Interested in learning more about the building? There are many great amenities and features for residents in the building. If you drive, rest assured! The building has its own garage, which would come in super-handy for parking! On weekends, residents can enjoy the building's deck and patio space. There are 76 closings on record, of which we have matching data for 2 listings. In the past 3 years, a listing in this building will typically remain on the market for about 198 days and tend to sell below the original asking price of $394,400 by 10.80%. Meaning, listings tend to sell at a median of $254 price per square foot. The transaction that took the longest to complete was unit 203, listed on Dec 04, 2020 for $525,000. This particular unit ultimately sold 269 days later for $445,000. The most recent transaction was for unit 203, which was first advertised on Dec 04, 2020, sold for $445,000 on Aug 30, 2021. Fun fact, the oldest transaction we have on record took place on Jul 15, 2011. See the full transaction history for 1201 Yale Place below.

Loring Park, where 1201 Yale Place is located, has a median asking price of $324,000 for condo buildings. Meanwhile, the building itself has a median asking price of $394,400. For interested buyers, that means the building's median asking price is around inf% above the neighborhood's median asking price for condos. A buyer may therefore end up paying more for a unit in this building compared to other condo buildings in the neighborhood.

There are currently 2 active listings for sale within the building and our inventory of available units for sale is constantly updating in real time. Check back frequently for updates. Currently, the most expensive asking price for all of the active units in the building is $1,099,000. It is a 3,773 sqft 3 bedroom and 4 bathroom unit. Conversely, the least expensive asking price for all of the active units in the building is $600,000. It is a 1,780 sqft 1 bedroom and 1.5 bathroom unit. A breakdown of active listings shows no studio, 1 one-bedroom, no two-bedroom, 1 three-bedroom, and no four-bedroom plus units for sale! The median price of all the active units for sale in the building is $849,500. Collectively, the median square footage of these active units for sale is 2,777 sqft. Active units for sale at 1201 Yale Place are mostly 2-bedroom apartments Active units for sale at 1201 Yale Place have a median count of 2 bedrooms and have a median count of 2.75 bathrooms.

Building Features

Exterior

Brick Exterior
Stone Exterior
Block Exterior

Parking

Assigned Parking
Covered Parking
Attached Garage
Heated Garage
Parking Available
Garage Parking
Open Parking

Driveway

Driveway
This property description is generated based on publicly available data.

12 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20231109 Unit 1307
11/09/2023
1 Bed
2 Bath
1500 ft²
$375,000
bedrooms
1 Bed
bathrooms
2 Bath
square feet
1500 ft²
-
-
-
Elizabeth Kleber
RE/MAX Real Estate
20220209 Unit 1305
02/09/2022
2 Bed
2 Bath
1805 ft²
$450,000
bedrooms
2 Bed
bathrooms
2 Bath
square feet
1805 ft²
-
-
-
Kimm Pastrana
Good Move Realty
20210707 Unit 1906
07/07/2021
2 Bed
3 Bath
2715 ft²
$649,900
bedrooms
2 Bed
bathrooms
3 Bath
square feet
2715 ft²
-
-
-
David Rohlf
Keller Williams Integrity Realty
20201204 Unit 203
12/04/2020
203
2 Bed
3 Bath
1794 ft²
$525,000
bedrooms
2 Bed
bathrooms
3 Bath
square feet
1794 ft²
$445,000 -15.24%
08/30/2021
Darin Bjerknes
20200917 Unit 1509
09/17/2020
2 Bed
2 Bath
1805 ft²
$579,900
bedrooms
2 Bed
bathrooms
2 Bath
square feet
1805 ft²
-
-
-
-
20210217 Unit 810
02/17/2021
810
2 Bed
2 Bath
1610 ft²
$425,000
bedrooms
2 Bed
bathrooms
2 Bath
square feet
1610 ft²
-
-
-
Aaron Brown
Weichert, Realtors-Advantage
20200930 Unit 1201
09/30/2020
2 Bed
2 Bath
1260 ft²
$299,000
bedrooms
2 Bed
bathrooms
2 Bath
square feet
1260 ft²
$280,000 -6.35%
02/04/2021
Brendan Larson
20200925 Unit 1906
09/25/2020
2 Bed
3 Bath
2715 ft²
$739,000
bedrooms
2 Bed
bathrooms
3 Bath
square feet
2715 ft²
-
-
-
-
20200924 Unit 1204
09/24/2020
2 Bed
2 Bath
1805 ft²
$440,000
bedrooms
2 Bed
bathrooms
2 Bath
square feet
1805 ft²
-
-
-
-
20200526 Unit 810
05/26/2020
810
2 Bed
2 Bath
1610 ft²
$479,900
bedrooms
2 Bed
bathrooms
2 Bath
square feet
1610 ft²
-
-
-
-
20190221 Unit 311
02/21/2019
311
2 Bed
1 Bath
1115 ft²
$299,900
bedrooms
2 Bed
bathrooms
1 Bath
square feet
1115 ft²
-
-
-
-
20190425 Unit 1307
04/25/2019
1 Bed
2 Bath
1500 ft²
$399,900
bedrooms
1 Bed
bathrooms
2 Bath
square feet
1500 ft²
-
-
-
-

Building Info

Overview

    General

  • Year Built: 1981
  • Effective Year Built: 1981
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C+
  • Construction Type: Concrete
  • Building Style: Condo
  • Exterior Walls Type: Brick
  • Roof Shape Type: Flat
  • Roof Cover Type: Tar and gravel
  • Floor Count: 1
  • Living Units: 69
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 104,030
  • Total Building Area: 1,130
  • Building Area: 1,130
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 1,130
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: CONDO NO 0451 LORING GREEN EAST
  • Land Acres: 2.388
  • Standard Land Use Code: Condominium unit (residential)
  • Legal Description 1: CONDO NO 0451 LORING GREEN EAST UNIT NO 100 0 SQ. FT.

Ownership

  • Current Owner : KAEFER PAUL EUGENE
  • Previous Owner : REC PROPERTY GROUP LLC
  • Owner Before Previous Owner: ARETT DALE LEE
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Minneapolis Public School District
  • School Tax School District: MINNEAPOLIS
  • Census Tract: 105201

Zoning

  • Zoning: B4S1

Geography

  • Assessors Map Reference: MB:02248
  • District: 01
  • Parcel: 27-029-24-24-1006
  • Meridian: SEC 27 QTR 24 TWN 029 RNG 24
  • Municipality: MINNEAPOLIS
  • Latitude: 44.9723
  • Longitude: -93.279

    Address

  • Full Address: 1201 Yale Pl
  • Legal Unit: 100
  • Address - House Number: 1201
  • Address - Street Name: Yale
  • Address - Suffix Type: Pl
  • State: MN
  • City Name: Minneapolis
  • Carrier Code: C022
  • 4-Digit Zip Code: 1901
  • Zip Code: 55403

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $4,090

    Appraisal Valuation

  • Standard Deviation: 0.1564
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 80
  • Final Value: 275,912
  • High Value: 319,088
  • Low Value: 232,737

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $504,000
  • First Open Lien Mortgage Lender: WINGS FINANCIAL CU
  • First Open Lien Mortgage Recording Date: Feb 04, 2021
  • First Open Lien Mortgage Loan Amount: $252,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Feb 01, 2051
  • Second Open Lien Mortgage Loan Amount: $252,000
  • Second Open Lien Mortgage Position: 2

    Market Valuation

  • Market Total Value: $258,000
  • Market Land Value: $26,000
  • Market Improvement Value: $232,000

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $258,000
  • Assessed Land Value: $26,000
  • Assessed Improvements Value: $232,000

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jan 05, 2021
  • Current Sale Recording Date: Feb 04, 2021
  • Current Sale Transaction ID: 11822076260
  • Current Sale Price: $280,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: T05798844
  • Previous Sale Recording Date: Jul 31, 2020
  • Previous Sale Contract Date: Jul 23, 2020
  • Previous Sale Amount: $200,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: WINGS FINANCIAL CU
  • First Mortgage Transaction Date: Feb 04, 2021
  • First Mortgage Loan Amount: $252,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Feb 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: CBA FAMILY TRUST
  • Previous Mortgage Transaction Date: Jul 31, 2020
  • Previous Mortgage Loan Amount: $230,000
  • Previous Mortgage Term: 15
  • Previous Mortgage Loan Type: Unknown (DEFAULT)
  • Previous Mortgage Loan Due Date: Nov 23, 2021

About Central Minneapolis



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Frequently Asked Questions

What neighborhood is 1201 Yale Place located in?
The 1201 Yale Place is a condo located in the neighborhood of Loring Park in Central Minneapolis, Minneapolis.
How many listings are currently for sale in 1201 Yale Place?
1201 Yale Place has a total of zero units in the building. There are two units for sale right now.
What is the average sales price for listings in 1201 Yale Place?
The average sales price for units in 1201 Yale Place is $394,400 , or $254/sqft. currently.

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