NOT LISTED FOR SALE

Estimated Value: $269,000 - $339,096

6 Beds
2 Baths
1,642 Sq Ft
$187/Sq Ft Est. Value

Last Sold July 22, 2016

Last sale price $161,000 $98 Per Sq Ft

Est. 91% increase in value since last sale

Current estimated payment $2,062/month

48 Days on Market

Highlights

  • Deck
  • Fenced Yard
  • Forced Air Heating System
  • Franklin Elementary School Rated A
  • Balcony
  • Community Deck or Porch

About This Home

As of July 2016

New flooring, painting and landscaping makes this cash flowing Duplex ready to be yours! Past rents of $1,920 coming in every month with the potential for even more! This duplex was built in 1985 so it is much newer than most of the similar sized properties on the market. There is a four bedroom unit and a two bedroom unit each with a very spacious bathroom and their own laundry hookups. If you are looking for a good investment you are not going to want to miss out on this one.

Last Listed By

Jon Kietzer

LANDMARK REAL ESTATE Listed on: 04/04/2016

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,108

Year Built

  • 1985

Lot Details

  • 6,970 Sq Ft Lot
  • Fenced Yard

Home Design

  • 1,642 Sq Ft Home
  • Duplex
  • Frame Construction
  • Wood Siding

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Bathrooms

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Block Basement Construction

Parking

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

Outdoor Features

  • Balcony
  • Deck

Location

  • Ground Level
  • Lower Level

Utilities

  • Forced Air Heating System
  • Electric Water Heater

Community Details

  • Community Deck or Porch

Listing and Financial Details

  • Assessor Parcel Number R01.09.08.112.019

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,108

Year Built

1985

Lot Details

0

Listing Details

  • Class: MULTI-FAMILY
  • Style: Duplex - Up & Down
  • Assessment Balance: 2122.72
  • Assessments: Yes
  • Construction: Previously Owned
  • Foundation Size: 1216
  • L V T Date: 04/04/2016
  • Mechanicals: Water Heater - Electric
  • Parcel Number: R01.09.08.112.019
  • Price Per Square Foot: 56.33
  • Rental License: Yes
  • Stories: 2.25 - 2.75 Story
  • Street Designation: Street
  • Taxes With Assessments: 4314
  • Estimated Number of Acres: 0.16
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1985

Interior Features

  • Total Bedrooms: 6
  • Total Bathrooms: 2
  • Basement Features: Finished, Walkout
  • Basement Material: Concrete Block
  • Basement Style: Full
  • Finished Above Grade Sq Ft: 1642
  • Total Square Footage: 2858
  • Below Grade Finished Sq Ft: 975

Exterior Features

  • Construction Type: Frame/Wood
  • Exterior: Wood
  • Exterior Amenities: Balcony, Deck, Driveway - Asphalt, Fenced Yard - Full

Garage/Parking

  • Number Off Street Parking: 3

Utilities

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

Condo/Co-op/Association

  • Shared: Deck

Schools

  • School District: Mankato #77

Lot Info

  • Estimated Lot Dimensions: On file

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 4, 2016
Closed on
Jul 22, 2016
Sold by
Sorenson Jared L and Sorenson Kristina
Bought by
Alchemy 101 Llc and Maclean Properties Llc
Seller's Agent
Jon Kietzer
LANDMARK REAL ESTATE
Buyer's Agent
Trent VanOrt
CENTURY 21 ATWOOD
List Price
$175,000
Sold Price
$161,000
Premium/Discount to List
-$14,000
-8%
Total Days on Market
48
Current Estimated Value
$307,274

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$146,274
Avg. Annual Appreciation
7.74%
Original Mortgage
$161,000
Interest Rate
3.54%
Mortgage Type
New Conventional

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
Alchemy 101 Llc $161,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Alchemy 101 Llc $320,000
Closed Alchemy101 Llc $187,500
Closed Alchemy Llc $137,000
Closed Alchemy 101 Llc $90,000
Closed Alchemy 101 Llc $158,000
Closed Alchemy 101 Llc $161,000
Previous Owner Greenough Michael J $139,200
Previous Owner Greenough Michael J $235,000
Previous Owner Greenough Michael J $148,950
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/22/2016 07/22/16 Sold $161,000 -8.0% $98 / Sq Ft
05/22/2016 05/22/16 Pending -- -- --
04/04/2016 04/04/16 For Sale $175,000 -- $107 / 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 $4,108 $297,100 $29,100 $268,000
2023 $4,042 $302,400 $29,100 $273,300
2022 $3,404 $283,900 $29,100 $254,800
2021 $3,474 $220,200 $29,100 $191,100
2020 $3,236 $208,500 $29,100 $179,400
2019 $2,972 $208,500 $29,100 $179,400
2018 $2,640 $190,900 $29,100 $161,800
2017 $2,352 $170,700 $29,100 $141,600
2016 $4,314 $158,000 $29,100 $128,900
2015 $42 $148,900 $29,100 $119,800
2014 $4,304 $144,100 $29,100 $115,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 7011065

REALTOR® Association of Southern Minnesota

APN: R01-09-08-112-019