Minneapolis Real Estate Blog

Check out the $7 Million Dollar View from the Aveda Founder’s new Minneapolis Condo

Andy Asbury — Fri, 18 Nov 11 10:42:22 -0600

The media has been buzzing all week about Horst Rechelbacher’s new 18,000 square foot condo. And rightfully so… it’s truly amazing! The condo is two stories tall and completely wrapped in glass. The views are just shocking and I snapped this video last night to give you an idea of what Rechelbacher will enjoy every evening when living at the Phoenix on the River.

Minneapolis Welcomes Mill District City Apartments

Andy Asbury — Thu, 11 Nov 10 00:13:49 -0600

On an unusually warm November day, the construction crew at the Mill District City Apartments paused for only a moment so Mayor R.T. Rybak could make a toast to another great development soon to unveil in Downtown Minneapolis. During the ceremonial “Ribbon Cutting” Mayor Rybak applauded the efforts and collab...

Minneapolis' North Loop Neighborhood 30 BC (Before Condos)

Jim Asbury — Wed, 20 Jan 10 00:36:15 -0600

By now we take the extraordinary rebirth of the Minneapolis North Loop for granted. First Avenue North is a long-established entertainment street, the new Twins stadium is connecting downtown with the industrial district beyond, and hundreds of architecturally distinctive condos have been constructed in landmark warehouse buildings or built new. It all seems to make sense as a piece—and of course it does.

Yet a modern-day Rip van Winkle awakening after 30 years would be ...

Minneapolis Condo Financing: Tax Credit Update

Amy Haugen — Sun, 17 Jan 10 23:15:38 -0600

If you’ve been on the sidelines waiting for the “best” time to purchase that new home, you might want to start NOW to benefit from the Extended Home Buyer Tax Credit that expires April 30, 2010.

The success of the First Time Homebuyers Tax Credit of 2009 in stimulating the housing market brought Congress to pass legislation that will continue to help first time home buyers as well as extend a new tax credit to current homeowners in t...

Developers of the Skyscape Condos Cash Out

Andy Asbury — Wed, 06 Jan 10 23:23:06 -0600

Tandem Developers, a Chicago based development firm, whose Minneapolis condo project known as Skyscape has reportedly sold their remaining unsold condo inventory to a local investment group called Opportunity Advisors (Minneapolis St. Paul Business Journal, 1/6/10, Sam Black). The terms of the sale have not been released to the public yet but the Star Tribune estimates that the sale included approximately 30% of the homes at Skyscape.

All Aboard! Minneapolis Condo Owners and Commuters Look Forward to Light Rail Plans

Eric Solberg — Tue, 05 Jan 10 21:42:26 -0600

The Hiawatha light rail transit (LRT) has provided a growing number of commuters a viable alternative of transportation since it began operation in 2004. While its success has been nothing short of spectacular (ridership has already exceeded pre-construction estimates for the year 2020 according to the Metropolitan Council), its reach is limited, and its likely many Twin Citians have never even stepped foot on the train. That’s all about to change as rail development ...

Do you think your property taxes are too high? Well just pay less... here's how!

Eric Solberg — Tue, 13 Oct 09 22:41:14 -0500

Warning: This could take 30 minutes of your time. So if you're billing out at hundreds of dollars an hour you may not find this worth your while. Everyone else... listen up! Property tax refunds are real, they are easy to obtain and they are far too often overlooked. Have you filed yours yet? If this didn’t make your summer to-do list (how can we blame you), don’t fret – there’s still time. &nb...

Minneapolis Condominiums on the Light Rail Featured in Video Blog

Andy Asbury — Tue, 06 Oct 09 23:24:57 -0500

Minneapolis condominiums are often built in locations that provide amenities to residents that extend far beyond the walls of the building. One project in particular that truly exemplifies this development trend is Olin Crossings in South Minneapolis. Balanced by a combination of modern advancements in transportation and lasting natural beauty, Olin Crossings offers urban living in an am...

Will the First-Time Homebuyer Tax Credit Be Extended?

Eric Solberg — Mon, 31 Aug 09 22:19:39 -0500

Expiration of the First-Time Homebuyer Tax Credit is fast approaching. Qualified purchasers wishing to take advantage must close on a home on or before November 30, 2009. But will it be extended? Maybe. Maybe not. The only certainty at this point is that the tax credit currently in place is one sweet deal.

The biggest advantage of the current tax credit is the fact it doesn’t have to be repaid – provided the home purchased is your primary residence for at least three ...

Short Sale… What is that?

Andy Asbury — Sat, 11 Jul 09 19:08:10 -0500

If you’ve been on the hunt to purchase a new home lately there is a good chance you’ve heard the term “short sale”. It’s quickly become a very popular term in the real estate industry and many new home buyers could use the cliff notes version of what it’s all about. Here is a short explanation so when your friend tells you he just bought a short sale you won’t think he picked up a new pair of Bermudas.

A short sale occurs when a h...

Today's Down Payment Requirements & The FHA Condo Dilemma

Andy Asbury — Mon, 18 May 09 19:10:36 -0500

First time homebuyers are finding themselves in a down payment quandry while condo sellers are wondering where the buyers went. Of all the changes in the mortgage markets over the past 3 years, first time homebuyers are feeling the impact of the new down payment requirements the most.

Listen up condo sellers! Apart from informing buyers of the current down payment requirements this blog post will also help educate condo sellers on how they can combat this financing issue, attract...

5 Unusual Ways to Boost Your Condominium’s Value in the Minneapolis and St. Paul Area

Andy Asbury — Tue, 07 Apr 09 15:07:48 -0500

Condo buyers are making a decision to live in a community and it’s important to not forget about the overall experience someone may have when they consider buying your home. You’ve probably put in countless hours scrubbing your floors, shining up your kitchen cabinets, polishing the stainless steel and doing whatever it takes to make your place sparkle. All that hard work is definitely important and there is truly no substitute for a little elbow grease, however there may be other fa...

Don't miss out on the $8,000 Tax Credit!

Andy Asbury — Mon, 09 Mar 09 11:43:45 -0500

There has been a lot of talk these days about the state of the economy and the recently passed housing stimulus package. With as much talk as there has been, it also seems as though there is just as much, if not more, confusion surrounding it. I’ve noticed that a lot of people are curious about what it could mean to them and their financial situation but have received mixed messages and are letting this opportunity pass by without taking the time to understand it.

For ...

More Color to the Riverfront!

Jim Asbury — Wed, 19 Nov 08 22:24:51 -0600

I'll admit at first I thought the new 35W Bridge was a little boring in design when I saw the 3D models the local news channels were touting. Now that it is up, well I'm a big fan. As of recently they have been lighting up a blue band that spans the entire length of the river on both sides. What a sight! I think it really plays off the energy of the riverfront condos and the new Guthrie theater.

Welcome To The New Premier Loft and Condo Web Site

Andy Asbury — Wed, 19 Nov 08 21:56:07 -0600

Ladies and Gentlemen! I'm proud to announce our new Lofts and Condos web site and integrated blog. We worked very hard making this web site and we hope you find it to be very intuitive, informative and most of all a valuable tool in your search for the perfect loft or condo. Our team has always been committed to the Minneapolis condo market and we are excited to be spreading our reach and serving loft and condo buyers and sellers throughout the entire twin cities area. St. Paul, Stillwater, Lake...