122 S 5th St Mankato, MN 56001
Five Corners Neighborhood
5
Beds
4
Baths
1,078
Sq Ft
3,485
Sq Ft Lot
Highlights
- Hot Water Heating System
- Washington Elementary School Rated 9+
- 4-minute walk to Washington Park
About This Home
As of November 2024Triplex with great cash flow. Recently "spruced up" after recent tenants vacated. There is a 3 bedroom/2 bath unit on the main and lower level as well as two, 1 bedroom/1 bath units on the upper level. Electric is separately metered and paid by tenants with owner paying water/sewer and gas. The 2 upper level units are currently rented for $800 a piece while the main level unit is currently available and will be rented for $1,300.The 2 current leases run through August 30,2025.
Last Agent to Sell the Property
RE/MAX DYNAMIC AGENTS ST. PETER Listed on: 09/23/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,440
Year Built
- Built in 1914
Lot Details
- 3,485 Sq Ft Lot
- Lot Dimensions are 46 x 79
Parking
- Driveway
Home Design
- Triplex
- Frame Construction
- Asphalt Shingled Roof
- Metal Siding
Interior Spaces
- 1,078 Sq Ft Home
- 2-Story Property
- Range
Bedrooms and Bathrooms
- 5 Bedrooms
- 4 Bathrooms
Partially Finished Basement
- Basement Fills Entire Space Under The House
- Stone Basement
- Basement Window Egress
Location
- Upper Level
Utilities
- Hot Water Heating System
- Gas Water Heater
Community Details
- 3 Units
Listing and Financial Details
- Tenant pays for broadband, cable TV, electric
- The owner pays for fuel, water/sewer
- Assessor Parcel Number R01.09.18.204.019
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 23, 2024
Closed on
Nov 19, 2024
Sold by
Woodland Investments Llc A Limited Lia
Bought by
Green Avery and Hennen Peyton
Seller's Agent
Kenneth Lundberg
RE/MAX DYNAMIC AGENTS ST. PETER
Buyer's Agent
Trae Hobson
Keller Williams Realty Integrity Lakes
List Price
$229,000
Sold Price
$226,600
Premium/Discount to List
-$2,400
-1.05%
Views
29
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$26,344
Avg. Annual Appreciation
13.20%
Original Mortgage
$213,750
Outstanding Balance
$212,260
Interest Rate
6.79%
Mortgage Type
New Conventional
Estimated Equity
$37,349
Purchase Details
Listed on
Oct 29, 2014
Closed on
Nov 24, 2014
Sold by
Bremer Bryan L and Bremer Sherri
Bought by
Woodland Investments Llc
Seller's Agent
Kenneth Lundberg
RE/MAX DYNAMIC AGENTS ST. PETER
Buyer's Agent
Kenneth Lundberg
RE/MAX DYNAMIC AGENTS ST. PETER
List Price
$172,500
Sold Price
$172,000
Premium/Discount to List
-$500
-0.29%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.80%
Original Mortgage
$175,000
Interest Rate
3.97%
Mortgage Type
Commercial
Purchase Details
Closed on
Sep 15, 2008
Sold by
Kreinbring Richard D and Koizer Kimberly A
Bought by
Bremer Bryan L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$131,250
Interest Rate
6.57%
Mortgage Type
Future Advance Clause Open End Mortgage
Similar Homes in Mankato, MN
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $226,600 | -- | |
| Warranty Deed | $226,600 | Minnesota River Valley Title | |
| Warranty Deed | $172,000 | -- | |
| Warranty Deed | $175,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $213,750 | New Conventional | |
| Closed | $213,750 | New Conventional | |
| Previous Owner | $161,500 | New Conventional | |
| Previous Owner | $175,000 | Commercial | |
| Previous Owner | $131,250 | Commercial | |
| Previous Owner | $131,250 | Future Advance Clause Open End Mortgage |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/18/2024 11/18/24 | Sold | $226,600 | -1.0% | $210 / Sq Ft |
| 10/03/2024 10/03/24 | Pending | -- | -- | -- |
| 09/23/2024 09/23/24 | For Sale | $229,000 | +33.1% | $212 / Sq Ft |
| 11/26/2014 11/26/14 | Sold | $172,000 | -0.3% | $59 / Sq Ft |
| 10/29/2014 10/29/14 | Pending | -- | -- | -- |
| 10/29/2014 10/29/14 | For Sale | $172,500 | -- | $59 / Sq Ft |
Source: REALTOR® Association of Southern Minnesota
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2025 | $2,634 | $246,400 | $16,800 | $229,600 |
| 2024 | $2,634 | $252,100 | $16,800 | $235,300 |
| 2023 | $4,734 | $255,200 | $16,800 | $238,400 |
| 2022 | $4,374 | $236,300 | $16,800 | $219,500 |
| 2021 | $4,332 | $194,400 | $16,800 | $177,600 |
| 2020 | $4,188 | $181,600 | $16,800 | $164,800 |
| 2019 | $4,136 | $181,600 | $16,800 | $164,800 |
| 2018 | $2,678 | $177,800 | $16,800 | $161,000 |
| 2017 | $2,418 | $173,200 | $16,800 | $156,400 |
| 2016 | $2,152 | $162,500 | $16,800 | $145,700 |
| 2015 | $20 | $144,800 | $16,800 | $128,000 |
| 2014 | $2,162 | $139,000 | $16,800 | $122,200 |
Source: Public Records
Agents Affiliated with this Home
-
Kenneth Lundberg
Seller's Agent in 2024
Kenneth Lundberg
RE/MAX
(507) 351-6537
1 in this area
216 Total Sales
-
Trae Hobson
T
Buyer's Agent in 2024
Trae Hobson
Keller Williams Realty Integrity Lakes
(507) 327-0337
1 in this area
8 Total Sales
Map
Source: REALTOR® Association of Southern Minnesota
MLS Number: 7035991
APN: R01-09-18-204-019
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