NOT LISTED FOR SALE

Estimated Value: $272,000 - $341,000

4 Beds
3 Baths
2,552 Sq Ft
$115/Sq Ft Est. Value

Last Sold August 08, 2018

Last sale price $197,000 $77 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $1,896/month

20 Days on Market

Highlights

  • Wood Flooring
  • Balcony
  • Kitchen Island
  • Franklin Elementary School Rated A
  • Woodwork
  • Landscaped

About This Home

As of August 2018

Charming downtown Mankato, side by side brick duplex. Built originally as a side by side. Much of the original character and craftsmanship - beautiful oak flooring and trim, crown molding, glass door knobs, and decorative corbels. Owners side has been remodeled with new cabinets and counter tops, appliances, snack island, main floor laundry and half bathroom. Both units have excessively large master bedrooms, very nice 2nd bedrooms and full bathroom. Both units attics have walk-up attics and full basements.

Last Agent to Sell the Property

Karla Van Eman

AMERICAN WAY REALTY License #00289588 Listed on: 06/15/2018

Last Buyer's Agent

Andrew Kolars

REALTY EXECUTIVES ASSOCIATES License #20337744

REALTY EXECUTIVES ASSOCIATES

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,184

Year Built

  • 1938

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 78x66
  • Landscaped

Home Design

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

Interior Spaces

  • 2,552 Sq Ft Home
  • 2-Story Property
  • Woodwork
  • Wood Flooring
  • Walkup Attic

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Kitchen Island

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Laundry

  • Dryer
  • Washer

Unfinished Basement

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

Parking

  • On-Street Parking
  • Off-Street Parking

Outdoor Features

  • Balcony

Utilities

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

Listing and Financial Details

  • Tenant pays for cable TV, electric, fuel, water/sewer
  • The owner pays for lawn, maint/repair, snow
  • Assessor Parcel Number R01.09.07.409.012

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,184

Year Built

1938

Lot Details

0

Listing Details

  • Class: MULTI-FAMILY
  • Classification: Homestead
  • Style: Duplex - Side by Side
  • Construction: Previously Owned
  • Foundation Size: 1276
  • L V T Date: 06/27/2018
  • Mechanicals: Water Heater - Gas
  • Parcel Number: R01.09.07.409.012
  • Price Per Square Foot: 77.19
  • Rental License: Yes
  • Stories: 2 Story
  • Street Designation: Street
  • Taxes With Assessments: 3014
  • Estimated Number of Acres: 0.12
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1938

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Range/Stove, Refrigerator, Washer
  • Total Bedrooms: 4
  • Total Bathrooms: 3
  • Basement Features: Unfinished
  • Basement Material: Concrete Block
  • Basement Style: Full
  • Finished Above Grade Sq Ft: 2552
  • Total Fin Square Footage: 2552
  • Total Square Footage: 2552

Exterior Features

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

Garage/Parking

  • 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: Landscaped
  • Estimated Lot Dimensions: 78x66

Rental Info

  • Owner Expense: Lawn, Maint/Repair, Snow
  • Tenant Expense: Cable TV, Electric, Fuel, Water/Sewer
  • Type of Tenancy: One Year Lease

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 15, 2018
Closed on
Aug 3, 2018
Sold by
Johnson Alex W
Bought by
Miller Alexander and Ahlstrom Shaine
Seller's Agent
Karla Van Eman
AMERICAN WAY REALTY
Buyer's Agent
Andrew Kolars
REALTY EXECUTIVES ASSOCIATES
List Price
$199,000
Sold Price
$197,000
Premium/Discount to List
-$2,000
-1.01%
Current Estimated Value
$297,907

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$100,907
Avg. Annual Appreciation
6.32%
Original Mortgage
$157,600
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 29, 2018
Sold by
Olson & Olson Properties Llc
Bought by
Johnson Alex W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,000
Interest Rate
3.94%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 2, 2013
Sold by
Bakke Estate Charles Charles

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$86,500
Interest Rate
4.29%
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
Miller Alexander $197,000 Stewart Title
Johnson Alex W $165,000 --
-- $87,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ahlstrom Shaine $153,000
Closed Miller Alexander $157,600
Previous Owner Johnson Alex W $132,000
Previous Owner Olson & Olson Properties Llc $125,000
Previous Owner -- $86,500
Previous Owner Olson & Olson Properties Llc $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/08/2018 08/08/18 Sold $197,000 -1.0% $77 / Sq Ft
07/05/2018 07/05/18 Pending -- -- --
06/15/2018 06/15/18 For Sale $199,000 -- $78 / 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 $3,184 $257,200 $24,000 $233,200
2024 $3,184 $288,500 $24,000 $264,500
2023 $3,062 $293,000 $25,000 $268,000
2022 $2,696 $271,700 $25,000 $246,700
2021 $2,616 $226,100 $25,000 $201,100
2020 $2,472 $208,400 $25,000 $183,400
2019 $2,368 $208,400 $25,000 $183,400
2018 $3,014 $200,200 $25,000 $175,200
2017 $2,728 $195,200 $25,000 $170,200
2016 $2,550 $183,500 $25,000 $158,500
2015 $14 $171,800 $25,000 $146,800
2014 $2,020 $91,600 $25,000 $66,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 7018241

REALTOR® Association of Southern Minnesota

APN: R01-09-07-409-012