$610,000
SOLD OCT 30, 2020

18503 587th Ln Mankato, MN 56001

4 Beds
3.5 Baths
5,496 Sq Ft
1.57 Acres

Recently Sold

$111 Per Sq Ft

6% Below List Price

Highlights

  • Heated Floors
  • Multiple Fireplaces
  • 3 Car Attached Garage
  • Open Floorplan
  • Vaulted Ceiling
  • Eat-In Kitchen

About This Home

As of September 2023

Discover this fantastic walk-out 2-story on 1.5 acres, just minutes from Mankato! This stunning property, built in 2007 features every amenity you could imagine. The covered porch opens into a formal foyer leading to a 2-story great room. With floor-to-ceiling windows, this great room offers breathtaking views of the wonderfully treed lot. There's also a beautiful wall of built-ins and lighting option surrounding the gas fireplace. The vaulted dining room opens to a deck that runs the back of the home, where you can take in the pretty ravine & prairie views. The kitchen has gorgeous cherry floors and trim, Cambria countertops, stainless appliances including gas range. With a central island, breakfast bar, and pantry, there's plenty of storage and prep space. Off of the kitchen you'll find a cozy sunroom. Leading towards the garage, is the laundry room, powder room and mudroom area. The garage is a 3-stall with in-floor heat. The master suite is on the main featuring floor-to-ceiling windows and french doors leading to the balcony, a lit tray ceiling and walk-in closet. The master bath has a jetted tub with chromotherapy lighting, heated tile floors and a large walk-in shower. There is a 2nd bedroom on the main floor with a full bath. Upstairs, is a large loft overlooking the great room featuring arched windows and a vaulted ceiling. The lower level is the perfect place for entertaining with a large family room featuring a wet bar, gas fireplace, and walk-out to lower patio. There's also a theatre room (which could be converted to a 5th bedroom). The 3rd and 4th bedrooms share a large jack & jill bath and each have a walk-in closet. There's a huge storage room. This home features surround sound throughout the entertaining spaces inside & out. Come and see all that this home has to offer!

Last Agent to Sell the Property

Shannon Beal

JBEAL REAL ESTATE GROUP Listed on: 04/07/2020

Co-Listed By

Jason Beal

JBEAL REAL ESTATE GROUP License #20276087

Last Buyer's Agent

Cheryl Krengel

JBEAL REAL ESTATE GROUP

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,570

Year Built

  • 2007

Lot Details

  • 1.57 Acre Lot
  • Property fronts a county road
  • Sprinkler System
  • Landscaped with Trees

Home Design

  • Asphalt Shingled Roof
  • Concrete Block And Stucco Construction
  • Stone Exterior Construction
  • Cement Board or Planked
  • Slate

Interior Spaces

  • Open Floorplan
  • Wet Bar
  • Woodwork
  • Vaulted Ceiling
  • Ceiling Fan
  • Multiple Fireplaces
  • Double Pane Windows
  • Window Treatments
  • Dining Room
  • Washer and Dryer Hookup

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Built-In Oven
  • Cooktop
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Heated Floors
  • Tile

Bedrooms and Bathrooms

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

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Block Basement Construction
  • Natural lighting in basement

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 3 Car Attached Garage
  • Garage Door Opener
  • Gravel Driveway

Eco-Friendly Details

  • Air Exchanger

Utilities

  • Forced Air Heating and Cooling System
  • Gas Water Heater
  • Water Softener is Owned
  • Private Sewer

Community Details

  • Property is near a ravine

Listing and Financial Details

  • Assessor Parcel Number R35.14.10.451.010

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,570

Year Built

2007

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Classification: Homestead
  • Style: SF Single Family
  • Amenities: Ceiling Fans, Eat-In Kitchen, Garage Door Opener, Hardwood Floors, Kitchen Center Island, Natural Woodwork, Tiled Floors, Vaulted Ceilings, Walk-In Closet, Washer/Dryer Hookups, Wet Bar, Combination Windows (L), Double Pane Windows (L), Smoke Alarms (L), CO Detectors (L), Window Coverings (L)
  • Amenities Exterior: Driveway - Concrete, Driveway - Gravel, Inground Sprinkler System
  • Estimated Number of Acres: 1.57
  • Construction: Previously Owned
  • Foundation Size: 2532
  • L V T Date: 04/09/2020
  • Mechanicals: Air to Air Exchange, Water Heater-Gas, Water Softener-Owned
  • Parcel Number: R35.14.10.451.010
  • Price Per Square Foot: 118
  • Sold Price Per Sq Ft: 111
  • Stories: 1.25 - 1.75 Story
  • Street Designation: Lane
  • Taxes With Assessments: 4342
  • Percentage Of Ownership: 100
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 2007

Interior Features

  • Dining Room: Breakfast Bar, Informal Dining Room, Open Floor Plan
  • Fireplace: Yes
  • Fireplace Type: Two Fireplaces
  • Appliances: Cooktop, Dishwasher, Disposal, Exhaust Fan/Hood, Microwave, Refrigerator, Wall Oven
  • Total Bedrooms: 4
  • Bathroom Description: Full Basement, Full Master, Main Floor 1/2 Bath, Main Floor Full Bath, Private Master, Separate Tub & Shower, Walk Thru
  • Total Bathrooms: 4
  • Half Bathrooms: 1
  • Full Bathrooms: 3
  • Total Bathrooms: 4
  • Room 1: Kitchen, 17'1x12'2, On Level: Main
  • Room 2: Dining Room, 16'4x13', On Level: Main
  • Room 3: Great Room, 19'7x16'11, On Level: Main
  • Room 4: Master Bedroom, 17'2x13'7, On Level: Main
  • Room 5: Bedroom, 13'7x13, On Level: Main
  • Room 6: Sunroom/Solarium, 12'3x10'8, On Level: Main
  • Room 7: 12'9x12'8, On Level: Lower
  • Room 8: Bedroom, 13'6x13'2, On Level: Lower
  • Room 9: Family Room, 29'7x19'7, On Level: Lower
  • Room 10: Media Room, 19'11x15'6, On Level: Lower
  • Room 11: Storage Room, 28'5x13'4, On Level: Lower
  • Room 12: Loft, 19'7x17'3, On Level: Upper
  • Basement Features: Daylight/Lookout Windows, Finished, Walkout
  • Basement Material: Concrete Block
  • Basement Style: Full
  • Finished Above Grade Sq Ft: 2964
  • Below Grade Finished Sq Ft: 2532
  • Tot Above Grade Sq Ft: 2964
  • Total Fin Square Footage: 5496
  • Total Square Footage: 5496
  • Tot Below Grade Sq Ft: 2532

Exterior Features

  • Frontage Road: County
  • Construction Type: Concrete Block
  • Exterior: Cement Board, Slate, Stone
  • Roof: Asphalt Shingles

Garage/Parking

  • Garage Type: Attached
  • Garage Capacity: 3
  • Garage Square Footage: 1,104

Utilities

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

Schools

  • School District: St. Clair #75

Lot Info

  • Estimated Lot Dimensions: Irregular
  • Lot/Land Description: Landscaped, Ravine, Tree Coverage - Medium

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 26, 2023
Closed on
Sep 29, 2023
Sold by
Clay Kathryn and Clay Matthew
Bought by
Miller Morris and Morris Roxanne
Seller's Agent
Cheryl Krengel
JBEAL REAL ESTATE GROUP
Buyer's Agent
Samantha Kaul
CENTURY 21 ATWOOD
List Price
$799,000
Sold Price
$795,000
Premium/Discount to List
-$4,000
-0.5%
Views
103
Current Estimated Value
$784,034

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$10,966
Avg. Annual Appreciation
2.40%
Original Mortgage
$726,200
Outstanding Balance
$713,166
Interest Rate
7.09%
Mortgage Type
New Conventional
Estimated Equity
$120,199

Purchase Details

Listed on
Apr 7, 2020
Closed on
Oct 30, 2020
Sold by
Hatanpa Aaron M and Hatanpa Jessica E
Bought by
Clay Matthew Wayne and Clay Kathryn Nicole
Seller's Agent
Shannon Beal
JBEAL REAL ESTATE GROUP
Buyer's Agent
Cheryl Krengel
JBEAL REAL ESTATE GROUP
List Price
$649,000
Sold Price
$610,000
Premium/Discount to List
-$39,000
-6.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.50%
Original Mortgage
$457,500
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 20, 2009
Sold by
Long James R and Long Judy A
Bought by
Not Provided

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
5.05%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 28, 2007
Sold by
Wilmes John and Wilmes Shari
Bought by
Long James R and Long Judy A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,000
Interest Rate
6.76%
Mortgage Type
Construction
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 Type Sale Price Title Company
Deed $795,000 --
Warranty Deed $610,000 Stewart Title
Warranty Deed $525,000 --
Warranty Deed $415,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $726,200 New Conventional
Previous Owner $457,500 New Conventional
Previous Owner $417,000 New Conventional
Closed -- Assumption
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/29/2023 09/29/23 Sold $795,000 -0.5% $145 / Sq Ft
08/20/2023 08/20/23 Pending -- -- --
07/26/2023 07/26/23 For Sale $799,000 +31.0% $145 / Sq Ft
10/30/2020 10/30/20 Sold $610,000 0.0% $111 / Sq Ft
09/24/2020 09/24/20 Pending -- -- --
09/24/2020 09/24/20 Off Market $610,000 -- --
04/07/2020 04/07/20 For Sale $649,000 -- $118 / 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 $8,570 $759,400 $103,900 $655,500
2024 $8,570 $807,500 $103,900 $703,600
2023 $7,464 $681,000 $103,900 $577,100
2022 $7,812 $648,600 $103,900 $544,700
2021 $6,104 $602,100 $103,900 $498,200
2020 $5,856 $561,500 $103,000 $458,500
2019 $4,436 $561,500 $103,000 $458,500
2018 $5,124 $519,700 $103,000 $416,700
2017 $4,616 $511,100 $103,000 $408,100
2016 $4,686 $464,000 $77,400 $386,600
2015 $43 $464,000 $77,400 $386,600
2014 $5,246 $451,700 $77,400 $374,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 7023748

REALTOR® Association of Southern Minnesota

APN: R35-14-10-451-010