NOT LISTED FOR SALE

1409 Marsh St Mankato, MN 56001

Erlandson Park Neighborhood

Estimated Value: $235,000 - $266,000

5 Beds
1 Bath
1,296 Sq Ft
$188/Sq Ft Est. Value

Last Sold October 25, 2018

Last sale price $162,000 $125 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $1,475/month

Highlights

  • Detached Garage
  • Washington Elementary School Rated 9+
  • Forced Air Heating and Cooling System

About This Home

As of October 2018

5 unrelated rental license Tenets pay - Gas, Electric, Water, Sewer, Trash and are responsible for lawn mowing and snow removal

Last Agent to Sell the Property

Richard Draheim

WEICHERT REALTORS, COMMUNITY GROUP Listed on: 08/22/2018

WEICHERT REALTORS, COMMUNITY GROUP

Last Buyer's Agent

Jerry Lynch

BH Realty Group Waterville License #40517961

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,362

Year Built

  • 1963

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 50 x 145

Home Design

  • 1,296 Sq Ft Home
  • Frame Construction
  • Asphalt Shingled Roof
  • Vinyl Siding
  • Concrete Block And Stucco Construction

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 1 Bathroom

Partially Finished Basement

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

Parking

  • Detached Garage
  • On-Street Parking
  • Off-Street Parking

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Tenant pays for broadband, cable TV, electric, fuel, lawn, snow, trash, water/sewer
  • Assessor Parcel Number R01.09.17.209.006

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,362

Year Built

1963

Lot Details

0

Listing Details

  • Class: MULTI-FAMILY
  • Assessments: Yes
  • Construction: Previously Owned
  • Foundation Size: 960
  • L V T Date: 08/22/2018
  • Mechanicals: Water Heater - Electric
  • Parcel Number: R01.09.17.209.006
  • Rental License: Yes
  • Stories: 1.25 - 1.75 Story
  • Street Designation: Street
  • Estimated Number of Acres: 0.17
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1963

Interior Features

  • Total Bedrooms: 5
  • Total Bathrooms: 1
  • Basement Features: Egress Windows, Partially Finished
  • Basement Material: Concrete Block
  • Basement Style: Full
  • Finished Above Grade Sq Ft: 1296
  • Total Square Footage: 2256
  • Below Grade Finished Sq Ft: 775

Exterior Features

  • Construction Type: Concrete Block, Frame/Wood
  • Exterior: Vinyl
  • Roof: Asphalt Shingles

Garage/Parking

  • Garage Type: Detached

Utilities

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

Lot Info

  • Estimated Lot Dimensions: 50 X 145

Rental Info

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 22, 2018
Closed on
Oct 25, 2018
Sold by
Borgmeier Holdings Llc
Bought by
North Made Properties Llc
Seller's Agent
Richard Draheim
WEICHERT REALTORS, COMMUNITY GROUP
Buyer's Agent
Jerry Lynch
BH Realty Group Waterville
List Price
$179,950
Sold Price
$162,000
Premium/Discount to List
-$17,950
-9.97%
Current Estimated Value
$244,187

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$82,187
Avg. Annual Appreciation
6.00%
Original Mortgage
$129,600
Outstanding Balance
$113,724
Interest Rate
4.7%
Mortgage Type
New Conventional
Estimated Equity
$130,463

Purchase Details

Closed on
Nov 19, 2014
Sold by
Borgmeier Scott M and Borgmeier Corralee J
Bought by
Borgmeier Holdings Llc

Purchase Details

Closed on
Mar 29, 2014
Sold by
Mcdonald Stanley B and Mcdonald Alicemary K
Bought by
Borgmeier Scott

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,125
Interest Rate
4.41%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 30, 2010
Sold by
Hogen Orville A and Hogen Sharon A
Bought by
Mcdonald Stanley B and Mcdonald Alicemary K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,415
Interest Rate
5.75%
Mortgage Type
Future Advance Clause Open End Mortgage
Source: Public Records

Range of Values:

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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
North Made Properties Llc $162,000 St Andrews Title
Borgmeier Holdings Llc -- --
Borgmeier Scott $162,500 Agstar Title
Mcdonald Stanley B $149,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open North Made Properties Llc $129,600
Previous Owner Borgmeier Scott $138,125
Previous Owner Mcdonald Stanley B $127,415
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/25/2018 10/25/18 Sold $162,000 -4.7% $125 / Sq Ft
10/05/2018 10/05/18 Pending -- -- --
08/24/2018 08/24/18 Price Changed $169,950 -5.6% $131 / Sq Ft
08/22/2018 08/22/18 For Sale $179,950 -- $139 / 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 $2,362 $210,600 $24,800 $185,800
2024 $2,362 $207,200 $24,800 $182,400
2023 $2,294 $194,900 $24,800 $170,100
2022 $1,988 $194,900 $24,800 $170,100
2021 $1,884 $155,600 $24,800 $130,800
2020 $1,822 $141,600 $24,800 $116,800
2019 $1,730 $141,600 $24,800 $116,800
2018 $2,264 $134,000 $24,800 $109,200
2017 $2,236 $126,400 $24,800 $101,600
2016 $2,230 $129,900 $24,800 $105,100
2015 $21 $129,900 $24,800 $105,100
2014 -- $361,200 $74,400 $286,800
Source: Public Records

Agents Affiliated with this Home

  • Richard Draheim

    Seller's Agent in 2018

    Richard Draheim

    WEICHERT REALTORS, COMMUNITY GROUP

    (507) 345-1111

    181 Total Sales

    Richard Draheim
    Section Image
  • Jerry Lynch

    Buyer's Agent in 2018

    Jerry Lynch

    BH Realty Group Waterville

    (952) 240-2437

    1 in this area

    60 Total Sales

    Jerry Lynch
    Section Image
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Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 7018846

REALTOR® Association of Southern Minnesota

APN: R01-09-17-209-006

Minnesota Blue Earth County Mankato 56001 Erlandson Park

1409 Marsh St, Mankato, MN

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