NOT LISTED FOR SALE

Estimated Value: $239,000 - $280,000

4 Beds
2 Baths
2,434 Sq Ft
$106/Sq Ft Est. Value

Last Sold April 23, 2021

Last sale price $216,790 $89 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $1,638/month

Highlights

  • Deck
  • Vaulted Ceiling
  • Corner Lot
  • Jefferson Elementary School Rated A
  • Wood Flooring
  • 3-minute walk to Lincoln Park

About This Home

As of April 2021

Calling all investors and owner occupants!! Spacious stately duplex ready for you! Upper and lower 2 bedroom units are approximately 1200 sq ft each! The upper unit was just freshly remodeled and ready for tenants. The lower unit has a long term tenant through June 30, 2021. Rent was kept very reasonable at $850, plenty of room to increase. This home would make a fantastic owner occupied property also. All brick home on spacious corner lot has a shared garage with neighboring home, each home has a 13' x 18' stall. Paved off street parking for 2+ cars. Separate furnaces and water heaters for each unit, some are newer. Solid new deck and steps off the back for access to the upper or from the beautiful curved stairway inside. Lots of room for expanding or shared laundry in lower level... AND the seller is purchasing a one year home warranty for the new buyer! Tons of income potential here - check it out!!

Last Agent to Sell the Property

Vonda Herding

Edina Realty Inc. Mankato License #0093573 Listed on: 03/22/2021

Edina Realty Inc.  Mankato

Last Buyer's Agent

Michelle Starkey

TRUE REAL ESTATE

TRUE REAL ESTATE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,196

Year Built

  • 1881

Lot Details

  • 3,920 Sq Ft Lot
  • Corner Lot
  • Irregular Lot

Parking

  • 1 Car Detached Garage
  • Shared Driveway

Home Design

  • Duplex
  • Brick Exterior Construction
  • Frame Construction
  • Asphalt Shingled Roof
  • Rubber Roof

Interior Spaces

  • 2,434 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Wood Flooring

Kitchen

  • Eat-In Kitchen
  • Range

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Stone Basement

Outdoor Features

  • Deck
  • Porch

Location

  • Ground Level
  • Upper Level

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Home warranty included in the sale of the property
  • Tenant pays for cable TV, lawn, snow
  • The owner pays for electric, fuel, maint/repair, water/sewer
  • Assessor Parcel Number R01.09.18.153.019

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,196

Year Built

1881

Lot Details

0

Parking

1

Listing Details

  • Class: MULTI-FAMILY
  • Style: Duplex - Up & Down
  • Construction: Previously Owned
  • Foundation Size: 1022
  • L V T Date: 03/23/2021
  • Mechanicals: Individual Water Heaters
  • Parcel Number: R01.09.18.153.019
  • Price Per Square Foot: 62.95
  • Rental License: Yes
  • Stories: 2 Story
  • Street Designation: Street
  • Taxes With Assessments: 2624
  • Estimated Number of Acres: 0.09
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1881

Interior Features

  • Appliances: Range/Stove, Refrigerator
  • Total Bedrooms: 4
  • Total Bathrooms: 2
  • Basement Features: Unfinished
  • Basement Material: Stone
  • Basement Style: Full
  • Finished Above Grade Sq Ft: 2324
  • Total Fin Square Footage: 2434
  • Total Square Footage: 3444
  • Below Grade Finished Sq Ft: 110

Exterior Features

  • Frontage Road: City, Curb/Gutters, Paved, Sidewalk
  • Construction Type: Frame/Wood
  • Exterior: Brick
  • Roof: Asphalt Shingles, Rubber
  • Exterior Amenities: Deck, Driveway - Concrete, Driveway - Shared, Porch

Garage/Parking

  • Garage Type: Detached
  • Number Garage Spaces: 1
  • Number Off Street Parking: 2

Utilities

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

Schools

  • School District: Mankato #77

Lot Info

  • Lot/Land Description: Corner Lot, Irregular Lot, Paved Streets
  • Estimated Lot Dimensions: irregular

Rental Info

  • Owner Expense: Electric, Fuel, Maint/Repair, Water/Sewer
  • Tenant Expense: Cable TV, Lawn, Snow

Multi Family

  • Total Units Available: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 22, 2021
Closed on
Apr 23, 2021
Sold by
Stemke Joel S and Stemke Mary
Bought by
Lindquist Matthew E
Seller's Agent
Vonda Herding
Edina Realty Inc. Mankato
Buyer's Agent
Michelle Starkey
TRUE REAL ESTATE
List Price
$219,500
Sold Price
$216,790
Premium/Discount to List
-$2,710
-1.23%
Current Estimated Value
$258,618

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$41,828
Avg. Annual Appreciation
3.56%
Original Mortgage
$162,593
Outstanding Balance
$147,864
Interest Rate
3.05%
Mortgage Type
New Conventional
Estimated Equity
$105,359
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 Buyer Sale Price Title Company
Lindquist Matthew E $216,791 Title Resources
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lindquist Matthew E $162,593
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/23/2021 04/23/21 Sold $216,790 -1.2% $89 / Sq Ft
03/26/2021 03/26/21 Pending -- -- --
03/22/2021 03/22/21 For Sale $219,500 -- $90 / 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 $3,196 $232,700 $19,100 $213,600
2024 $3,196 $230,700 $19,100 $211,600
2023 $3,312 $259,400 $19,100 $240,300
2022 $2,914 $232,400 $19,100 $213,300
2021 $2,706 $188,400 $19,100 $169,300
2020 $2,624 $168,800 $19,100 $149,700
2019 $4,070 $168,800 $19,100 $149,700
2018 $3,934 $167,600 $19,100 $148,500
2017 $3,556 $160,100 $19,100 $141,000
2016 $3,684 $140,800 $19,100 $121,700
2015 $35 $149,800 $19,100 $130,700
2014 $3,664 $138,300 $19,100 $119,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 7026472

REALTOR® Association of Southern Minnesota

APN: R01-09-18-153-019