NOT LISTED FOR SALE

175 Summerfield Trail Mankato, MN 56001

Estimated Value: $1,023,000 - $1,357,000

2.56 Acres
$461,923 Price per Acre
111,514 Sq Ft Lot

Sale Details

Date Sold: July 28, 2016

Last sale price $946,228 $152 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $7,321 / mo

288 Days on Market

Highlights

  • Vaulted Ceiling
  • 3 Car Attached Garage
  • Wet Bar
  • Roosevelt Elementary School Rated A-
  • Eat-In Kitchen
  • Walk-In Closet

About This Lot

As of July 2016

One of a kind 4 bedroom, 4 bath custom home built by DeMars Construction. This quality home will be finished top to bottom and will boast over 6000 sq. ft. of living space. Upstairs you will find 2 bedrooms, a full bathroom with a double vanity and tile shower, as well as a couple of bonus rooms located above the garage. On the main floor there is the Master Suite complete with a beautiful, tranquil bathroom, and spacious walk-in closet. The main floor also has a stunning custom kitchen, dining area, great room, office/den, laundry room, and mudroom area complete with built-in lockers. The lower level will be unfinished but will have possibility of bedroom, full bathroom, rec room, family room with a wet bar, and an exercise room. This home is well under way but if you wish to add some special personal touches there is still time to make that happen. Pictures of the property will be added as the work continues. This is a spectacular home located only minutes from Downtown Mankato in the Indian Lake Preserve.

Last Agent to Sell the Property

Jason Beal

JBEAL REAL ESTATE GROUP License #20276087 Listed on: 04/13/2015

Co-Listed By

Shannon Beal

JBEAL REAL ESTATE GROUP

Last Buyer's Agent

Jen True

TRUE REAL ESTATE

TRUE REAL ESTATE

Property Details

Property Type

  • Land

Year Built

  • 2015

Lot Details

  • 2.56 Acre Lot
  • Many Trees

Home Design

  • Home Under Construction
  • Brick Exterior Construction
  • Frame Construction
  • Asphalt Shingled Roof

Interior Spaces

  • 2-Story Property
  • Wet Bar
  • Vaulted Ceiling
  • Living Room with Fireplace
  • Combination Kitchen and Dining Room
  • Washer and Dryer Hookup

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Kitchen Island

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • Primary Bathroom is a Full Bathroom
  • Bathroom on Main Level
  • Bathtub With Separate Shower Stall

Unfinished Basement

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

Parking

  • 3 Car Attached Garage
  • Garage Door Opener

Utilities

  • Forced Air Heating and Cooling System
  • Underground Utilities
  • Private Sewer

Listing and Financial Details

  • Assessor Parcel Number R43.08.25.401.019

Community Details

Overview

  • Property is near a ravine

Recreation

  • Patio

Property Details

Property Type

Land

Year Built

2015

Lot Details

2.56 Acres

Listing Details

  • Class: SINGLE FAMILY
  • Classification: Lot
  • Style: SF Single Family
  • Amenities: Eat-In Kitchen, Garage Door Opener, Kitchen Center Island, Vaulted Ceilings, Walk-In Closet, Washer/Dryer Hookups, Wet Bar
  • Amenities Exterior: Patio
  • Estimated Number of Acres: 2.56
  • Assessments: Unknown
  • Construction: Under Construction-Spec Home
  • Foundation Size: 2438
  • Parcel Number: R43.08.25.401.019
  • Room 18: Bedroom, On Level: Lower
  • Stories: 2 Story
  • Street Designation: Trail
  • Special Features: NewHome
  • Property Sub Type: LotsLands
  • Year Built: 2015

Interior Features

  • Dining Room: Breakfast Bar, Combine with Kitchen, Informal Dining Room
  • Fireplace: Yes
  • Fireplace Type: In Living Room
  • Total Bedrooms: 3
  • Bathroom Description: Full Basement, Full Master, Main Floor 1/2 Bath, Private Master, Separate Tub & Shower, Upper Level Bath
  • Total Bathrooms: 3
  • Half Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bathrooms: 3
  • Room 1: Great Room, On Level: Main
  • Room 2: Kitchen, On Level: Main
  • Room 3: Dining Room, On Level: Main
  • Room 4: Den/Office, On Level: Main
  • Room 5: Foyer, On Level: Main
  • Room 6: Master Bedroom, On Level: Main
  • Room 7: On Level: Main
  • Room 8: Laundry Room, On Level: Main
  • Room 9: Mud Room, On Level: Main
  • Room 10: Loft, On Level: Second Floor
  • Room 11: Bedroom, On Level: Second Floor
  • Room 12: Bedroom, On Level: Second Floor
  • Room 13: Bathroom, On Level: Second Floor
  • Room 14: Other, On Level: Second Floor
  • Room 15: Family Room, On Level: Lower
  • Room 16: Rec Room, On Level: Lower
  • Room 17: Other, On Level: Lower
  • Room 19: Utility Room, On Level: Lower
  • Basement Features: Unfinished
  • Basement Material: Concrete Block
  • Basement Style: Full
  • Finished Above Grade Sq Ft: 3794
  • Below Grade Finished Sq Ft: 2438
  • Lower Level Finished Sq Ft: 2438
  • Main Level Finished Sq Ft: 2438
  • Tot Above Grade Sq Ft: 3794
  • Total Fin Square Footage: 6232
  • Total Square Footage: 6232
  • Tot Below Grade Sq Ft: 2438

Exterior Features

  • Frontage Road: City, Paved
  • Construction Type: Frame/Wood
  • Exterior: Brick
  • Roof: Asphalt Shingles

Garage/Parking

  • Garage Type: Attached
  • Garage Capacity: 3
  • Garage Square Footage: 976

Utilities

  • Cooling: Central
  • Fuel: Natural Gas
  • Heat: Fireplace, Forced Air
  • Sewer: Private
  • Water: Shared

Schools

  • Mankato Schools: Dakota Meadows, Mankato West, Roosevelt

Lot Info

  • Estimated Lot Dimensions: 111,514 sq. ft.
  • Lot/Land Description: Ravine, Tree Coverage - Heavy, Paved Streets, Underground Utilities

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 13, 2015
Closed on
Jul 28, 2016
Sold by
Demars General Contracting Llc
Bought by
Demars Maxwell and Demars Jaime E
Seller's Agent
Jason Beal
JBEAL REAL ESTATE GROUP
Buyer's Agent
Jen True
TRUE REAL ESTATE
List Price
$825,000
Sold Price
$946,228
Premium/Discount to List
$121,228
14.69%
Current Estimated Value
$1,182,523

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$236,295
Avg. Annual Appreciation
2.30%
Original Mortgage
$850,000
Outstanding Balance
$663,326
Interest Rate
3.48%
Mortgage Type
New Conventional
Estimated Equity
$519,197
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
Demars Maxwell $946,227 North American Title
Maxwell Demars & Demars General $101,552 North American Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open Maxwell Demars & Demars General $850,000
Closed Demars Maxwell $850,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/28/2016 07/28/16 Sold $946,228 +14.7% $152 / Sq Ft
01/26/2016 01/26/16 Pending -- -- --
04/13/2015 04/13/15 For Sale $825,000 -- $132 / Sq Ft
Source: REALTOR® Association of Southern Minnesota

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
2026 $12,172 $1,098,600 $164,000 $934,600
2025 $12,172 $1,134,300 $164,000 $970,300
2024 $9,934 $1,001,800 $164,000 $837,800
2023 $8,908 $1,037,300 $164,000 $873,300
2022 $9,436 $927,900 $134,800 $793,100
2021 $9,084 $871,100 $134,800 $736,300
2020 $8,496 $826,100 $132,500 $693,600
2019 $8,040 $826,100 $132,500 $693,600
2018 $7,510 $782,000 $132,500 $649,500
2017 $2,460 $737,400 $132,500 $604,900
2016 $1,910 $279,000 $132,500 $146,500
2015 $9 $209,700 $132,500 $77,200
Source: Public Records

Agents Affiliated with this Home

  • Jason Beal

    Seller's Agent in 2016

    Jason Beal

    JBEAL REAL ESTATE GROUP

    (507) 381-1060

    172 Total Sales

    Jason Beal
    Section Image
  • Shannon Beal

    Seller Co-Listing Agent in 2016

    Shannon Beal

    JBEAL REAL ESTATE GROUP

    (507) 469-9530

    137 Total Sales

    Shannon Beal
    Section Image
  • Jen True

    Buyer's Agent in 2016

    Jen True

    TRUE REAL ESTATE

    (507) 317-4433

    423 Total Sales

    Jen True
    Section Image
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Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 7007977

REALTOR® Association of Southern Minnesota

APN: R43-08-25-401-019

Minnesota Blue Earth County Mankato 56001

175 Summerfield Trail, Mankato, MN

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

REALTOR® Association of Southern Minnesota IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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