NOT LISTED FOR SALE

2005 7th Ave Mankato, MN 56001

The Prairie Neighborhood

Estimated Value: $145,000 - $344,000

3 Beds
2 Baths
884 Sq Ft
$255/Sq Ft Est. Value

Last Sold August 30, 2019

Last sale price $121,000 $137 Per Sq Ft

Est. 86% increase in value since last sale

Current estimated payment $1,386/month

70 Days on Market

Highlights

  • Detached Garage
  • Forced Air Heating System
  • 3-minute walk to Columbia Park
  • Franklin Elementary School Rated A

About This Home

As of August 2019

Up/Down Duplex -- newer vinyl siding, fairly new roof. 26x41 shop with office. Tenants pay their own electric. Owner pays gas, water & sewer.

Last Agent to Sell the Property

Karla Van Eman

AMERICAN WAY REALTY License #00289588 Listed on: 05/22/2019

Last Buyer's Agent

Adam Hahn

BRIDGE REALTY License #40573072

Property Details

Home Type

  • Multi-Family

Year Built

  • 1881

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 50x140

Parking

  • Detached Garage

Home Design

  • 884 Sq Ft Home
  • Duplex
  • Frame Construction
  • Vinyl Siding

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Basement

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

Location

  • Ground Level
  • Upper Level

Utilities

  • Forced Air Heating System
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for electric
  • The owner pays for water/sewer
  • Assessor Parcel Number R01.09.06.328.003

Property Details

Home Type

Multi-Family

Year Built

1881

Lot Details

6,970 Sq Ft Lot

Listing Details

  • Class: MULTI-FAMILY
  • Classification: NonHomestead
  • Style: Duplex - Up & Down
  • Construction: Previously Owned
  • Foundation Size: 884
  • L V T Date: 05/24/2019
  • Mechanicals: Water Heater - Gas
  • Parcel Number: R01.09.06.328.003
  • Rental License: Yes
  • Stories: 1.25 - 1.75 Story
  • Street Designation: Avenue
  • Estimated Number of Acres: 0.16
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1881

Interior Features

  • Total Bedrooms: 3
  • Total Bathrooms: 2
  • Basement Material: Concrete Block
  • Basement Style: Full
  • Finished Above Grade Sq Ft: 884
  • Total Square Footage: 1714
  • Below Grade Finished Sq Ft: 830

Exterior Features

  • Construction Type: Frame/Wood
  • Exterior: Vinyl

Garage/Parking

  • Garage Type: Detached

Utilities

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

Lot Info

  • Estimated Lot Dimensions: 50x140

Rental Info

  • Owner Expense: Water/Sewer
  • Tenant Expense: Electric

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 22, 2019
Closed on
Aug 30, 2019
Sold by
Blue Ribbon Properties Llc
Bought by
Denielson Silas
Seller's Agent
Karla Van Eman
AMERICAN WAY REALTY
Buyer's Agent
Adam Hahn
BRIDGE REALTY
List Price
$149,900
Sold Price
$121,000
Premium/Discount to List
-$28,900
-19.28%
Current Estimated Value
$225,049

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$104,049
Avg. Annual Appreciation
9.92%
Original Mortgage
$123,500
Outstanding Balance
$108,616
Interest Rate
3.8%
Mortgage Type
New Conventional
Estimated Equity
$116,433

Purchase Details

Closed on
Aug 13, 2013
Sold by
Erickson Harley
Bought by
Blue Ribbon Properties Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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 Buyer Sale Price Title Company
Denielson Silas $121,000 St Andrews Title
Blue Ribbon Properties Llc -- --
Blue Ribbon Properties Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Denielson Silas $123,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/30/2019 08/30/19 Sold $121,000 -6.9% $137 / Sq Ft
07/31/2019 07/31/19 Pending -- -- --
07/12/2019 07/12/19 Price Changed $129,900 -3.7% $147 / Sq Ft
06/25/2019 06/25/19 Price Changed $134,900 -3.6% $153 / Sq Ft
06/11/2019 06/11/19 Price Changed $139,900 -3.5% $158 / Sq Ft
06/06/2019 06/06/19 Price Changed $144,900 -3.3% $164 / Sq Ft
05/22/2019 05/22/19 For Sale $149,900 -- $170 / 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
2025 $2,424 $195,500 $22,100 $173,400
2024 $2,424 $174,600 $22,100 $152,500
2023 $2,258 $190,700 $22,100 $168,600
2022 $1,812 $158,000 $17,200 $140,800
2021 $1,744 $116,600 $17,200 $99,400
2020 $1,662 $106,500 $17,200 $89,300
2019 $1,728 $106,500 $17,200 $89,300
2018 $1,534 $110,400 $17,200 $93,200
2017 $1,310 $98,600 $14,700 $83,900
2016 $1,334 $87,400 $14,700 $72,700
2015 $13 $89,200 $14,700 $74,500
2014 $1,434 $89,400 $14,700 $74,700
Source: Public Records

Agents Affiliated with this Home

  • Karla Van Eman

    Seller's Agent in 2019

    Karla Van Eman

    AMERICAN WAY REALTY

    (507) 388-2660

    262 Total Sales

    Karla Van Eman
    Section Image

  • A

    Buyer's Agent in 2019

    Adam Hahn

    BRIDGE REALTY

    (507) 382-9979

    Adam Hahn
    Section Image
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Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 7021001

REALTOR® Association of Southern Minnesota

APN: R01-09-06-328-003

Minnesota Blue Earth County Mankato 56001 The Prairie

2005 7th Ave, Mankato, MN

Not Listed for Sale

MultiFamily

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