NOT LISTED FOR SALE

1023 N Riverfront Dr Unit 1023 North Riverfron Mankato, MN 56001

Tourtellotte Park Neighborhood

Estimated Value: $298,000 - $399,000

10 Beds
3 Baths
4,007 Sq Ft
$86/Sq Ft Est. Value

Last Sold December 29, 2023

Last sale price $282,000 $70 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $2,138/month

155 Days on Market

About This Home

As of December 2023

Triplex with plenty of off street parking and all 3 units having 5 unrelated rental licensure now available. Unit 1 (main level unit) has expansive living room in front and eat-in kitchen to the back. Two bedrooms, a study room and a full size bathroom finish off the floor. This unit has been under renovation and project will not be completed by current owner. This unit is currently vacant but has been rented in the past for $950. Washer/dryer hook-up in kitchen for this unit. Access is thru the side door. Unit 2 (Upstairs) has been renovated with new flooring, new appliances, fresh paint, new countertops and new water heater. It has four bedrooms and one bathroom and was rented for $1500. No laundry access for this unit. Access is thru the side door. Unit 3 (lower level) has 4 bedrooms and one full bathroom. Washer and dryer in utility room solely used by this unit. Access is thru the back door by the parking area. Tenants pay electrical, owner pays city and gas bills.

Last Agent to Sell the Property

Jen True

TRUE REAL ESTATE Listed on: 07/20/2023

Last Buyer's Agent

Non Member

Non-Member

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,998

Year Built

  • Built in 1920

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 48x158
  • Few Trees

Home Design

  • Triplex
  • Poured Concrete
  • Frame Construction
  • Asphalt Shingled Roof
  • Rubber Roof
  • Aluminum Siding

Interior Spaces

  • 4,007 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 3 Bathrooms

Finished Basement

  • Basement Fills Entire Space Under The House
  • Basement Window Egress

Parking

  • 2 Parking Spaces Included
  • Driveway
  • Off-Street Parking

Location

  • Ground Level
  • Lower Level
  • Upper Level

Utilities

  • Forced Air Heating and Cooling System
  • Gas Water Heater

Community Details

  • 3 Units

Listing and Financial Details

  • Tenant pays for electric, trash, water/sewer, fuel
  • The owner pays for trash
  • Assessor Parcel Number R010907278018

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,998

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Type: Multi-Family
  • Class: MULTI-FAMILY
  • Classification: NonHomestead
  • Style: Triplex
  • Assessment Balance: 20
  • Assessments: Yes
  • Construction: Previously Owned
  • Foundation Size: 917
  • L V T Date: 07/21/2023
  • Mechanicals: Water Heater - Gas
  • Parcel Number: R010907278018
  • Price Per Square Foot: 68.97
  • Rental License: Yes
  • Stories: 2 Story
  • Street Designation: Drive
  • Taxes With Assessments: 3018
  • Estimated Number of Acres: 0.17
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bedrooms: 10
  • Total Bathrooms: 3
  • Basement Features: Egress Windows, Finished, Partially Finished
  • Basement Material: Poured Concrete
  • Basement Style: Full
  • Finished Above Grade Sq Ft: 3172
  • Total Fin Square Footage: 4007
  • Total Square Footage: 4089
  • Below Grade Finished Sq Ft: 835

Exterior Features

  • Frontage Road: City, Curb/Gutters, Paved, Sidewalk
  • Construction Type: Frame/Wood
  • Exterior: Aluminum
  • Roof: Asphalt Shingles, Rubber
  • Exterior Amenities: Driveway - Asphalt

Garage/Parking

  • Number Off Street Parking: 6

Utilities

  • Fuel: Natural Gas
  • Heat: Forced Air
  • Sewer: City
  • Water: City

Schools

  • School District: Mankato #77

Lot Info

  • Lot/Land Description: Tree Coverage - Light, Paved Streets
  • Estimated Lot Dimensions: 48x158

Rental Info

  • Owner Expense: Trash
  • Tenant Expense: Electric, Trash, Water/Sewer, Fuel

Building Info

  • Year Built: 1920

Tax Info

  • Year: 2023
  • Tax Value: 2998

MLS Schools

  • School District: Mankato #77

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 20, 2023
Closed on
Dec 29, 2023
Sold by
Foster Antoine
Bought by
Cosota Rentals Llc
Seller's Agent
Jen True
TRUE REAL ESTATE
Buyer's Agent
Non Member
Non-Member
List Price
$339,900
Sold Price
$282,000
Premium/Discount to List
-$57,900
-17.03%
Total Days on Market
155
Views
150
Current Estimated Value
$342,832

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$60,832
Avg. Annual Appreciation
14.42%
Original Mortgage
$197,400
Outstanding Balance
$194,914
Interest Rate
7.44%
Mortgage Type
New Conventional
Estimated Equity
$147,918

Purchase Details

Closed on
Aug 6, 2020
Sold by
Growth Investors Group Llc
Bought by
Foster Antoine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$242,526
Interest Rate
3.1%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Cosota Rentals Llc $282,000 --
Foster Antoine $247,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cosota Rentals Llc $197,400
Previous Owner Foster Antoine $242,526
Previous Owner Growth Investors Group Llc $1,616,333
Previous Owner Growth Investors Group Llc $147,500
Previous Owner Growth Investors Group Llc $88,500
Previous Owner Growth Investors Group Llc $172,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/29/2023 12/29/23 Sold $282,000 -11.8% $70 / Sq Ft
12/22/2023 12/22/23 Pending -- -- --
08/09/2023 08/09/23 Price Changed $319,900 -5.9% $80 / Sq Ft
07/20/2023 07/20/23 For Sale $339,900 -- $85 / Sq Ft
Source: REALTOR® Association of Southern Minnesota

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $3,828 $276,700 $29,400 $247,300
2023 $3,018 $285,500 $29,400 $256,100
2022 $2,426 $268,100 $29,400 $238,700
2021 $2,520 $206,400 $29,400 $177,000
2020 $3,130 $201,600 $29,400 $172,200
2019 $3,086 $201,600 $29,400 $172,200
2018 $2,738 $198,200 $29,400 $168,800
2017 $2,468 $177,100 $29,400 $147,700
2016 $2,414 $165,800 $29,400 $136,400
2015 $23 $162,600 $29,400 $133,200
2014 $2,492 $155,600 $29,400 $126,200
Source: Public Records

Agents Affiliated with this Home

  • Jen True

    Seller's Agent in 2023

    Jen True

    TRUE REAL ESTATE

    (507) 317-4433

    5 in this area

    495 Total Sales

    Jen True
    Section Image

  • N

    Buyer's Agent in 2023

    Non Member

    Non-Member

See All Agents

Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 7032887

REALTOR® Association of Southern Minnesota

APN: R01-09-07-278-018

Minnesota Blue Earth County Mankato 56001 Tourtellotte Park

1023 N Riverfront Dr Unit 1023 North Riverfron, Mankato, MN

This home is located at 1023 N Riverfront Dr Unit 1023 North Riverfron, Mankato, MN 56001 since 20 July 2023 and is currently estimated at $342,832, approximately $85 per square foot. This property was built in 1920. 1023 N Riverfront Dr Unit 1023 North Riverfron is a home located in Blue Earth County with nearby schools including Franklin Elementary School, Prairie Winds Middle School, and Mankato East Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

REALTOR® Association of Southern Minnesota IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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