NOT LISTED FOR SALE

1504 3rd Ave Unit 1504 Third Avenue Mankato, MN 56001

The Prairie Neighborhood

Estimated Value: $219,205 - $269,000

4 Beds
2 Baths
2,342 Sq Ft
$104/Sq Ft Est. Value

Last Sold June 10, 2022

Last sale price $200,000 $85 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $1,620/month

3 Days on Market

Highlights

  • 2 Car Detached Garage
  • Eat-In Kitchen
  • Forced Air Heating System
  • Franklin Elementary School Rated A
  • Woodwork
  • 2-minute walk to Bienapfl Park

About This Home

As of June 2022

Investment Opportunity! Up/down duplex each with two bedrooms and 1 full bath available. Each unit comes with a single garage stall, separate furnaces (both newer), separate utilities. Nicely updated plus great yard space. Current renters are on a month to month lease. Call today for a private showing!

Last Agent to Sell the Property

Jen True

TRUE REAL ESTATE Listed on: 05/11/2022

Last Buyer's Agent

Jen True

TRUE REAL ESTATE Listed on: 05/11/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,364

Year Built

  • 1881

Lot Details

  • 10,454 Sq Ft Lot
  • Lot Dimensions are 66x158
  • Partially Fenced Property
  • Few Trees

Parking

  • 2 Car Detached Garage
  • 1 Parking Space Included
  • Driveway

Home Design

  • Duplex
  • Frame Construction
  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • 2,342 Sq Ft Home
  • 2-Story Property
  • Woodwork
  • Ceiling Fan
  • Eat-In Kitchen
  • Washer and Dryer Hookup

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Basement

  • Stone Basement
  • Crawl Space

Location

  • Ground Level
  • Upper Level

Utilities

  • Forced Air Heating System
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for electric, fuel
  • The owner pays for trash, water/sewer
  • Assessor Parcel Number R01.09.07.202.009

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,364

Year Built

1881

Lot Details

0

Parking

2

Listing Details

  • Class: MULTI-FAMILY
  • Classification: Homestead
  • Style: Duplex - Up & Down
  • Assessment Balance: 1018.33
  • Assessments: Yes
  • Construction: Previously Owned
  • Foundation Size: 1457
  • L V T Date: 05/11/2022
  • Mechanicals: Water Heater - Gas
  • Parcel Number: R01.09.07.202.009
  • Price Per Square Foot: 85.4
  • Rental License: Yes
  • Stories: 2 Story
  • Street Designation: Avenue
  • Taxes With Assessments: 3104
  • Estimated Number of Acres: 0.24
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1881

Interior Features

  • Total Bedrooms: 4
  • Total Bathrooms: 2
  • Basement Material: Stone
  • Basement Style: Crawl Space
  • Finished Above Grade Sq Ft: 2342
  • Total Square Footage: 2342

Exterior Features

  • Frontage Road: City
  • Construction Type: Frame/Wood
  • Exterior: Vinyl
  • Roof: Asphalt Shingles
  • Exterior Amenities: Driveway - Asphalt, Fenced Yard - Partial

Garage/Parking

  • Garage Type: Detached
  • Number Garage Spaces: 2

Utilities

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

Schools

  • School District: Mankato #77

Lot Info

  • Lot/Land Description: Tree Coverage - Light
  • Estimated Lot Dimensions: 66X158

Rental Info

  • Owner Expense: Trash, Water/Sewer
  • Tenant Expense: Electric, Fuel
  • Type of Tenancy: Month to Month

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/10/2022 06/10/22 Sold $200,000 +11.2% $85 / Sq Ft
05/14/2022 05/14/22 Pending -- -- --
05/11/2022 05/11/22 For Sale $179,900 -- $77 / 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 $3,364 $203,000 $30,300 $172,700
2024 $3,364 $191,800 $30,300 $161,500
2023 $3,252 $215,700 $30,300 $185,400
2022 $3,104 $178,400 $23,600 $154,800
2021 $2,308 $135,700 $23,600 $112,100
2020 $2,218 $123,400 $23,600 $99,800
2019 $2,472 $123,400 $23,600 $99,800
2018 $2,226 $139,600 $23,600 $116,000
2017 $1,652 $124,600 $20,200 $104,400
2016 $1,684 $110,600 $20,200 $90,400
2015 $17 $113,000 $20,200 $92,800
2014 $1,818 $113,100 $20,200 $92,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 7029759

REALTOR® Association of Southern Minnesota

APN: R01-09-07-202-009