750 2nd St S Unit 404 in Minneapolis sells for $1.27 million

A condominium at 750 2nd St S Unit 404 in Minneapolis sold for $1,275,000. The Certificate of Real Estate Value filed with the Minnesota Department of Revenue lists the sale date as September 28, 2026.

An aerial photo shows shops and offices around the property.

The record lists Edward B. Magarian and Donna Magarian as the sellers. It lists Clarence Brown JR and Taylor Hatley as the buyers.

Assessor's records show a build year of 2003 and a market value of $1,032,000. The sale price was 24% above that value. The last sale on record was $1,195,000 in 2025. Listing data shows 1 bedroom and 1.5 bathrooms.

This summary was written by AI from public sales records and checked by automated rules. The figures come from the record and the NetSheet.org rules engine. How we make these.

What were the closing costs in Hennepin County?

By our estimate, the seller's two largest charges, not counting commission and prorations, were $4,335 for the state deed tax + Environmental Response Fund (Hennepin/Ramsey) and $3,206.25 for the owner's title insurance policy. Who pays what follows Hennepin County custom.

How much did the seller net?

By our estimate, the seller netted about $1,199,806. That assumes a 5% commission. It is before any mortgage payoff.

How much cash did the buyer bring to closing?

A buyer putting 20% down would need about $276,793 at closing. That covers the down payment and closing costs.

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