NOT LISTED FOR SALE

218 E Washington St Mankato, MN 56001

Riverfront Park Neighborhood

Estimated Value: $231,000 - $300,000

5 Beds
2 Baths
2,568 Sq Ft
$98/Sq Ft Est. Value

Last Sold October 01, 2015

Last sale price $85,000 $33 Per Sq Ft

Est. 195% increase in value since last sale

Current estimated payment $1,628/month

347 Days on Market

Highlights

  • 1 Car Detached Garage
  • Porch
  • Wood Siding
  • Franklin Elementary School Rated A
  • Hot Water Heating System
  • 4-minute walk to Washington Park

About This Home

As of October 2015

5 Bedroom Duplex located in Central Mankato. Great investment property! Currently rented to a family on a month-to-month basis. It's been rented as one unit or two. When the units were rented separately, the owners received $800 for one unit and $675 for the other, also paid all the utilities. Garage and off street parking available. Both units can have up to 5 unrelated people.

Last Agent to Sell the Property

Dar Vosburg

HOME RUN REALTY License #20093521 Listed on: 09/19/2014

Co-Listed By

PAMELA SHER

HOME RUN REALTY License #40065093

Last Buyer's Agent

Shawna Wolfe

Keller Williams Premier Realty License #20215401

Keller Williams Premier Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,128

Year Built

  • 1901

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 81 x 52

Parking

  • 1 Car Detached Garage

Home Design

  • Duplex
  • Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding

Interior Spaces

  • 2,568 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Stone Basement

Outdoor Features

  • Porch

Location

  • Ground Level
  • Upper Level

Utilities

  • Hot Water Heating System
  • Boiler Heating System
  • Gas Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • The owner pays for electric, water/sewer
  • Assessor Parcel Number R01.09.07.451.014

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,128

Year Built

1901

Lot Details

0

Parking

1

Listing Details

  • Class: MULTI-FAMILY
  • Style: Duplex - Up & Down
  • Construction: Previously Owned
  • Foundation Size: 1257
  • Mechanicals: Water Heater - Gas
  • Parcel Number: R01.09.07.451.014
  • Price Per Square Foot: 33.1
  • Rental License: Yes
  • Stories: 2 Story
  • Taxes With Assessments: 1670
  • Estimated Number of Acres: 0.1
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1901

Interior Features

  • Total Bedrooms: 5
  • Total Bathrooms: 2
  • Basement Material: Stone
  • Basement Style: Full
  • Finished Above Grade Sq Ft: 2568
  • Total Fin Square Footage: 2568
  • Total Square Footage: 2568

Exterior Features

  • Frontage Road: City
  • Construction Type: Frame/Wood
  • Exterior: Wood
  • Roof: Asphalt Shingles
  • Exterior Amenities: Porch

Garage/Parking

  • Garage Type: Detached
  • Number Garage Spaces: 1

Utilities

  • Heat: Boiler, Hot Water
  • Sewer: City
  • Water: City

Schools

  • School District: Mankato #77

Lot Info

  • Estimated Lot Dimensions: 81 X 52

Rental Info

  • Owner Expense: Electric, Water/Sewer

Multi Family

  • Total Units Available: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 19, 2014
Closed on
Oct 1, 2015
Seller's Agent
Dar Vosburg
HOME RUN REALTY
Buyer's Agent
Shawna Wolfe
Keller Williams Premier Realty
List Price
$114,900
Sold Price
$85,000
Premium/Discount to List
-$29,900
-26.02%
Current Estimated Value
$250,875

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$165,875
Avg. Annual Appreciation
11.77%
Original Mortgage
$83,700
Interest Rate
3.85%

Purchase Details

Closed on
Oct 29, 2010
Sold by
Strasser Patrick and Strasser Karen
Bought by
Immanuel Evangelical Lutheran Church Of
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
-- $85,000 --
Immanuel Evangelical Lutheran Church Of $120,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open River Valley Mankato Llc $229,500
Closed -- $83,700
Previous Owner Strasser Karen S $81,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/01/2015 10/01/15 Sold $85,000 -26.0% $33 / Sq Ft
09/01/2015 09/01/15 Pending -- -- --
09/19/2014 09/19/14 For Sale $114,900 -- $45 / 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 $3,128 $220,500 $19,100 $201,400
2024 $3,128 $225,800 $19,100 $206,700
2023 $2,972 $224,700 $19,100 $205,600
2022 $2,684 $208,300 $19,100 $189,200
2021 $2,602 $173,400 $19,100 $154,300
2020 $2,480 $159,500 $19,100 $140,400
2019 $2,210 $159,500 $19,100 $140,400
2018 $2,008 $141,600 $21,500 $120,100
2017 $1,824 $129,600 $21,500 $108,100
2016 $1,716 $122,200 $21,500 $100,700
2015 $16 $115,200 $21,500 $93,700
2014 $1,716 $110,900 $21,500 $89,400
Source: Public Records

Agents Affiliated with this Home

  • Dar Vosburg

    Seller's Agent in 2015

    Dar Vosburg

    HOME RUN REALTY

    (507) 340-9281

    147 Total Sales

    Section Image

  • P

    Seller Co-Listing Agent in 2015

    PAMELA SHER

    HOME RUN REALTY

    Section Image
  • Shawna Wolfe

    Buyer's Agent in 2015

    Shawna Wolfe

    Keller Williams Premier Realty

    (507) 420-1877

    101 Total Sales

    Section Image
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Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 7006630

REALTOR® Association of Southern Minnesota

APN: R01-09-07-451-014

Minnesota Blue Earth County Mankato 56001 Riverfront Park

218 E Washington St, Mankato, MN

This home is located at 218 E Washington St, Mankato, MN 56001 since 19 September 2014 and is currently estimated at $250,875, approximately $97 per square foot. This property was built in 1901. 218 E Washington St is a home located in Blue Earth County with nearby schools including Franklin Elementary School, Prairie Winds Middle School, and Mankato East Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

REALTOR® Association of Southern Minnesota IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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