Seller's Agent in 2023
Carlos Carrera
RE/MAX
(507) 720-4663
4 in this area
48 Total Sales
1946 3rd Ave Unit 1946 3rd Ave Mankato, MN 56001
The Prairie NeighborhoodEstimated Value: $214,000 - $282,372
4
Beds
2
Baths
1,904
Sq Ft
$138/Sq Ft
Est. Value
Highlights
- 0.99 Acre Lot
- Deck
- Detached Garage
- Franklin Elementary School Rated A
- Corner Lot
- 4-minute walk to Columbia Park
About This Home
As of November 2023Welcome to 1946 Third Avenue, a large home with generous living spaces and a valid rental license for five-unrelated. This residence provides a unique opportunity for those seeking passive income. One of the standout features of this residence is the large living spaces it offers. The living room is spacious, providing ample room for entertaining guests or enjoying cozy evenings with family or friends. Adjacent to the living room, you'll find the informal dining room, perfect for hosting dinner parties or enjoying meals with loved ones. Additionally, a spacious family room which has been previously used as the fifth bedroom, equipped with access to the large wrap-around deck. This large home also offers a combined full bath with laundry on the main level. Ascending the staircase to the second floor, you'll discover several spacious bedrooms and a large 3/4 bathroom. All these features of the home are complimented with a large one acre lot and the recent completion of the interior and exterior paint.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,298
Year Built
- Built in 1861
Lot Details
- 0.99 Acre Lot
- Lot Dimensions are 200 x 237 x 192
- Corner Lot
Home Design
- 1,904 Sq Ft Home
- Brick Exterior Construction
- Frame Construction
- Asphalt Shingled Roof
- Wood Siding
- Vinyl Siding
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Bathrooms
Unfinished Basement
- Partial Basement
- Stone Basement
Parking
- Detached Garage
- Driveway
Outdoor Features
- Deck
Utilities
- Forced Air Heating System
- Gas Water Heater
Listing and Financial Details
- Assessor Parcel Number R010906404015
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 10, 2023
Closed on
Nov 3, 2023
Sold by
Kelley Joshua
Bought by
Rjc Rental Properties Llc
Seller's Agent
Carlos Carrera
RE/MAX DYNAMIC AGENTS
Buyer's Agent
Tim Schultz
RE/MAX DYNAMIC AGENTS
List Price
$229,900
Sold Price
$195,700
Premium/Discount to List
-$34,200
-14.88%
Views
153
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$67,643
Avg. Annual Appreciation
18.61%
Original Mortgage
$156,560
Outstanding Balance
$154,081
Interest Rate
7.19%
Mortgage Type
New Conventional
Estimated Equity
$106,148
Purchase Details
Closed on
Jan 8, 2013
Sold by
Growth Holdings Llc
Bought by
Kelley Joshua
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,000
Interest Rate
3.3%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
May 31, 2012
Sold by
U S Bank Natioanl Association
Bought by
Growth Holdings Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$103,000
Interest Rate
3.83%
Mortgage Type
Future Advance Clause Open End Mortgage
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Rjc Rental Properties Llc | $195,700 | -- | |
| Kelley Joshua | $126,000 | None Available | |
| Growth Holdings Llc | $60,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Rjc Rental Properties Llc | $156,560 | |
| Previous Owner | Kelley Joshua | $95,000 | |
| Previous Owner | Groth Holdings Llc | $103,000 | |
| Previous Owner | Reichel Roger | $21,122 | |
| Previous Owner | Reichel Roger | $180,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/03/2023 11/03/23 | Sold | $195,700 | -11.0% | $103 / Sq Ft |
| 09/15/2023 09/15/23 | Pending | -- | -- | -- |
| 08/15/2023 08/15/23 | Price Changed | $219,900 | -4.3% | $115 / Sq Ft |
| 07/10/2023 07/10/23 | For Sale | $229,900 | -- | $121 / Sq Ft |
Source: REALTOR® Association of Southern Minnesota
Tax History Compared to Growth
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 | $6,462 | $243,000 | $74,900 | $168,100 |
| 2024 | $6,462 | $276,400 | $74,900 | $201,500 |
| 2023 | $2,948 | $305,500 | $74,900 | $230,600 |
| 2022 | $2,594 | $250,900 | $58,300 | $192,600 |
| 2021 | $2,502 | $203,600 | $58,300 | $145,300 |
| 2020 | $2,402 | $187,200 | $58,300 | $128,900 |
| 2019 | $3,602 | $187,200 | $58,300 | $128,900 |
| 2018 | $3,304 | $199,600 | $58,300 | $141,300 |
| 2017 | $2,998 | $177,200 | $50,000 | $127,200 |
| 2016 | $3,024 | $160,200 | $50,000 | $110,200 |
| 2015 | $30 | $163,000 | $50,000 | $113,000 |
| 2014 | $1,756 | $489,000 | $150,000 | $339,000 |
Source: Public Records
Agents Affiliated with this Home
-
Carlos Carrera
-
Tim Schultz
Buyer's Agent in 2023
Tim Schultz
RE/MAX
(507) 931-5313
1 in this area
48 Total Sales
Map
Source: REALTOR® Association of Southern Minnesota
MLS Number: 7032809
APN: R01-09-06-404-015
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