NOT LISTED FOR SALE

1318 3rd Ave Mankato, MN 56001

The Prairie Neighborhood

Estimated Value: $180,925 - $229,000

2 Beds
2 Baths
1,386 Sq Ft
$148/Sq Ft Est. Value

Last Sold June 24, 2016

Last sale price $122,900 $89 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $1,237/month

59 Days on Market

Highlights

  • 2 Car Detached Garage
  • Forced Air Heating and Cooling System
  • 2-minute walk to Bienapfl Park
  • Franklin Elementary School Rated A

About This Home

As of June 2016

2 Unit Duplex with 1 BR, 1 BA in each unit. Garage stall for each unit and plenty of off street parking. Well maintained. Main unit rents for $550. Upper Unit rents for $500/mo. Tenants pay all utilities. House was re-shingled in 2015, garage shingles to be replaced in Spring 2016.

Last Agent to Sell the Property

Dar Vosburg

HOME RUN REALTY License #20093521 Listed on: 02/10/2016

Co-Listed By

PAMELA SHER

HOME RUN REALTY License #40065093

Last Buyer's Agent

PAMELA SHER

HOME RUN REALTY License #40065093

Property Details

Home Type

  • Multi-Family

Year Built

  • 1902

Lot Details

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

Parking

  • 2 Car Detached Garage
  • 2 Parking Spaces Included
  • Off-Street Parking

Home Design

  • Duplex
  • Asphalt Shingled Roof
  • Vinyl Siding
  • Concrete Block And Stucco Construction

Interior Spaces

  • 1,386 Sq Ft Home
  • 2-Story Property
  • Range

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Laundry

  • Dryer
  • Washer

Basement

  • Basement Fills Entire Space Under The House
  • Block Basement Construction

Location

  • Ground Level
  • Upper Level

Utilities

  • Forced Air Heating and Cooling System
  • Gas Water Heater

Community Details

  • Gross Income $13,800

Listing and Financial Details

  • Tenant pays for cable TV, electric, fuel, trash, water/sewer
  • Assessor Parcel Number R01.09.07.208.004

Property Details

Home Type

Multi-Family

Year Built

1902

Lot Details

0

Parking

2

Listing Details

  • Class: MULTI-FAMILY
  • Style: Duplex - Up & Down
  • Assessments: Yes
  • Construction: Previously Owned
  • Foundation Size: 524
  • L V T Date: 02/10/2016
  • Mechanicals: Water Heater - Gas
  • Parcel Number: R01.09.07.208.004
  • Rental License: Yes
  • Stories: 2 Story
  • Estimated Number of Acres: 0.17
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1902

Interior Features

  • Appliances: Dryer, Range/Stove, Refrigerator, Washer
  • Total Bedrooms: 2
  • Total Bathrooms: 2
  • Basement Material: Concrete Block
  • Basement Style: Full
  • Finished Above Grade Sq Ft: 1386
  • Total Fin Square Footage: 1386
  • Total Square Footage: 1910

Exterior Features

  • Frontage Road: City, Sidewalk
  • Construction Type: Concrete Block
  • Exterior: Vinyl
  • Roof: Asphalt Shingles

Garage/Parking

  • Garage Type: Detached
  • Number Garage Spaces: 2
  • Number Off Street Parking: 3

Utilities

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

Lot Info

  • Lot/Land Description: Paved Streets
  • Estimated Lot Dimensions: 48x158

Rental Info

  • Tenant Expense: Cable TV, Electric, Fuel, Trash, Water/Sewer

Multi Family

  • Est Annual Gross Income: 13800

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 10, 2016
Closed on
Jun 3, 2016
Sold by
Enz Allen Allen
Bought by
Baldwin Chad Chad
Seller's Agent
Dar Vosburg
HOME RUN REALTY
Buyer's Agent
PAMELA SHER
HOME RUN REALTY
List Price
$124,900
Sold Price
$122,900
Premium/Discount to List
-$2,000
-1.6%
Current Estimated Value
$204,731

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$81,831
Avg. Annual Appreciation
5.47%
Original Mortgage
$120,673
Outstanding Balance
$96,323
Interest Rate
3.66%
Estimated Equity
$108,408
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Baldwin Chad Chad $122,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Baldwin Chad Chad $120,673
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/24/2016 06/24/16 Sold $122,900 -1.6% $89 / Sq Ft
04/09/2016 04/09/16 Pending -- -- --
02/10/2016 02/10/16 For Sale $124,900 -- $90 / 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
2025 $2,118 $163,300 $22,000 $141,300
2024 $2,118 $152,400 $22,000 $130,400
2023 $2,028 $171,300 $22,000 $149,300
2022 $1,686 $141,700 $17,100 $124,600
2021 $1,626 $108,500 $17,100 $91,400
2020 $976 $99,200 $17,100 $82,100
2019 $1,070 $99,200 $17,100 $82,100
2018 $914 $105,700 $17,100 $88,600
2017 $720 $94,500 $14,700 $79,800
2016 $676 $83,500 $14,700 $68,800
2015 $7 $80,700 $14,700 $66,000
2014 $840 $80,700 $14,700 $66,000
Source: Public Records

Agents Affiliated with this Home

  • Dar Vosburg

    Seller's Agent in 2016

    Dar Vosburg

    HOME RUN REALTY

    (507) 340-9281

    2 in this area

    142 Total Sales

    Dar Vosburg
    Section Image

  • P

    Seller Co-Listing Agent in 2016

    PAMELA SHER

    HOME RUN REALTY

    Section Image
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Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 7010480

REALTOR® Association of Southern Minnesota

APN: R01-09-07-208-004

Minnesota Blue Earth County Mankato 56001 The Prairie

1318 3rd Ave, Mankato, MN

Not Listed for Sale

MultiFamily

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