NOT LISTED FOR SALE

1607 & 1609 Commerce Dr North Mankato, MN 56003

Estimated Value: $349,000 - $404,000

4 Beds
3 Baths
1,292 Sq Ft
$290/Sq Ft Est. Value

Last Sold November 05, 2019

Last sale price $278,000 $215 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $2,419/month

Highlights

  • Deck
  • Corner Lot
  • Skylights
  • Mankato West Senior High School Rated A-
  • Fenced Yard
  • Fireplace

About This Home

As of November 2019

You don’t want to miss your opportunity to own this well cared for and absolutely immaculate 4 bedroom, 3 bath multi-level home is located in Upper North Mankato. What makes it so unique and desired? This home has the ability to be a single-family home, owner occupied duplex or wonderful duplex for an investment property. Main floor boasts a large living room with vaulted ceilings, gas fireplace, large kitchen, dining room, 2 spacious bedrooms and 2 full baths. The master bedroom has its own full bathroom and walk-in closet. Don’t forget about the private laundry area off the common entry, the attached 2 car heated garage and your own deck and storage shed in the fenced in backyard. The lower level offers 2 bedrooms with an additional storage room/loft/office area leading to the backyard. The living space in this unit continues to impress with an open floor plan from living area to kitchen, its own laundry area and also a 2 car garage. The exterior has a common exterior hot tub room, fire pit area and plenty of shade in the fenced-in backyard. NOTEWORTHY ITEMS: Zero vacancy on this property since current owners have purchased this property! [lease information available to serious buyers] Extensive landscaping, new exterior doors and windows, gutter guard, shingles in 2010, both units have their own 2 car garage and 10x12 storage shed, vinyl siding, newer garage doors, downspouts and sump lines tiled underground and all appliances are included in the sale of this property. Watch the home tour video, schedule a personal showing and make it yours today.

Last Agent to Sell the Property

Andrew Kolars

REALTY EXECUTIVES ASSOCIATES License #20337744 Listed on: 09/30/2019

REALTY EXECUTIVES ASSOCIATES

Last Buyer's Agent

Andrew Kolars

REALTY EXECUTIVES ASSOCIATES License #20337744 Listed on: 09/30/2019

REALTY EXECUTIVES ASSOCIATES

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,530

Year Built

  • 1990

Lot Details

  • 0.31 Acre Lot
  • Fenced Yard
  • Corner Lot
  • Landscaped with Trees

Parking

  • 4 Car Attached Garage
  • 2 Parking Spaces Included
  • Garage Door Opener
  • Driveway
  • On-Street Parking
  • Off-Street Parking

Home Design

  • Duplex
  • Bi-Level Home
  • Brick Exterior Construction
  • Frame Construction
  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • 1,292 Sq Ft Home
  • Ceiling Fan
  • Skylights
  • Fireplace

Kitchen

  • Range
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • 3 Bathrooms

Laundry

  • Dryer
  • Washer

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Sump Pump
  • Block Basement Construction
  • Basement Window Egress

Outdoor Features

  • Deck

Location

  • Lower Level
  • Upper Level

Utilities

  • Forced Air Heating and Cooling System
  • Gas Water Heater
  • Water Softener is Owned
  • High Speed Internet

Listing and Financial Details

  • Tenant pays for electric, trash, water/sewer
  • The owner pays for cable TV, fuel
  • Month-to-Month Lease Term
  • Assessor Parcel Number 18.481.0050

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,530

Year Built

1990

Lot Details

0

Parking

4

Listing Details

  • Class: MULTI-FAMILY
  • Classification: NonHomestead
  • Style: Duplex - Up & Down
  • Construction: Previously Owned
  • Foundation Size: 1118
  • L V T Date: 09/30/2019
  • Mechanicals: Water Heater - Gas, Water Softner - Owned, Sump Pump
  • Parcel Number: 18.481.0050
  • Rental License: Yes
  • Stories: Bi-Level Split
  • Street Designation: Drive
  • Estimated Number of Acres: 0.31
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1990

Interior Features

  • Appliances: Dishwasher, Dryer, Exhaust Fan/Hood, Microwave, Range/Stove, Refrigerator, Washer
  • Total Bedrooms: 4
  • Total Bathrooms: 3
  • Basement Features: Egress Windows, Finished, Sump Pump, Walkout
  • Basement Material: Concrete Block
  • Basement Style: Full, Walk-out
  • Finished Above Grade Sq Ft: 1292
  • Total Square Footage: 2584
  • Below Grade Finished Sq Ft: 1292

Exterior Features

  • Frontage Road: Curb/Gutters, City, Paved, Sidewalk
  • Construction Type: Frame/Wood
  • Exterior: Brick, Vinyl
  • Roof: Asphalt Shingles
  • Exterior Amenities: Deck, Driveway - Asphalt, Fenced Yard - Full

Garage/Parking

  • Garage Type: Attached
  • Number Garage Spaces: 4
  • Number Off Street Parking: 4

Utilities

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

Lot Info

  • Lot/Land Description: Corner Lot, Landscaped, Tree Coverage - Medium, Paved Streets
  • Estimated Lot Dimensions: 13,576 SF

Rental Info

  • Owner Expense: Cable TV, Fuel
  • Tenant Expense: Electric, Trash, Water/Sewer
  • Type of Tenancy: One Year Lease, Month to Month

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 30, 2019
Closed on
Nov 5, 2019
Sold by
Walgenbach Wayne and Walgenbach Sara
Bought by
Birkholz Jacob
Seller's Agent
Andrew Kolars
REALTY EXECUTIVES ASSOCIATES
Buyer's Agent
Andrew Kolars
REALTY EXECUTIVES ASSOCIATES
List Price
$289,700
Sold Price
$278,000
Premium/Discount to List
-$11,700
-4.04%
Current Estimated Value
$374,129

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$96,129
Avg. Annual Appreciation
5.09%
Original Mortgage
$208,500
Outstanding Balance
$140,084
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$234,045
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Birkholz Jacob $278,000 Premier Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Birkholz Jacob $208,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/05/2019 11/05/19 Sold $278,000 -4.0% $215 / Sq Ft
10/04/2019 10/04/19 Pending -- -- --
09/30/2019 09/30/19 For Sale $289,700 -- $224 / 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 $5,530 $368,100 $71,300 $296,800
2024 $5,650 $355,700 $71,300 $284,400
2023 $5,064 $358,700 $71,300 $287,400
2022 $4,874 $321,200 $71,300 $249,900
2021 $4,868 $276,700 $57,000 $219,700
2020 $4,456 $267,400 $57,000 $210,400
2019 $4,490 $249,200 $57,000 $192,200
2018 $4,440 $249,200 $57,000 $192,200
2017 -- $241,100 $0 $0
2016 $4,022 $0 $0 $0
2015 -- $0 $0 $0
2011 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 7022358

REALTOR® Association of Southern Minnesota

APN: R-18.481.0050