NOT LISTED FOR SALE

Estimated Value: $252,922 - $274,000

5 Beds
2 Baths
1,052 Sq Ft
$250/Sq Ft Est. Value

Last Sold November 29, 2023

Last sale price $229,900 $219 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $1,672/month

6 Days on Market

Highlights

  • 1 Car Detached Garage
  • Landscaped with Trees
  • Forced Air Heating and Cooling System

About This Home

As of November 2023

Here is your chance to own a rental property with a grandfathered unlimited occupancy rental license located near All Seasons Arena, Minnesota State University Mankato and many restaurants. The property is currently used as a 5 bedroom, 2 bathroom home, but could also be used as a 4 bedroom, 2 bathroom home with a second living space. This property is currently leased until July 20th 2024 for $1,870/month. The tenants pay all of their own utilities. The tenants are also responsible for their own lawn care and snow removal.

Last Agent to Sell the Property

Trent VanOrt

CENTURY 21 ATWOOD Listed on: 10/02/2023

CENTURY 21 ATWOOD

Last Buyer's Agent

Non Member

Non-Member

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,346

Year Built

  • Built in 1979

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 60x113x72x113
  • Landscaped with Trees

Parking

  • 1 Car Detached Garage
  • 4 Parking Spaces Included
  • Driveway
  • On-Street Parking
  • Off-Street Parking

Home Design

  • 1,052 Sq Ft Home
  • Tri-Level Property
  • Frame Construction
  • Asphalt Shingled Roof
  • Vinyl Siding

Kitchen

  • Range
  • Microwave

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Laundry

  • Dryer
  • Washer

Finished Basement

  • Partial Basement
  • Block Basement Construction

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Tenant pays for electric, lawn, snow, trash, water/sewer, fuel
  • Assessor Parcel Number R01-09-18-479-006

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,346

Year Built

Built in 1979

Lot Details

0

Parking

1

Listing Details

  • Type: Multi-Family
  • Class: MULTI-FAMILY
  • Style: Single Family Rental (L)
  • Construction: Previously Owned
  • L V T Date: 10/02/2023
  • Parcel Number: R01-09-18-479-006
  • Price Per Square Foot: 141.56
  • Projected Closed Date: 11/30/2023
  • Rental License: Yes
  • Stories: Tri-Level Split
  • Street Designation: Place
  • Taxes With Assessments: 2346
  • Estimated Number of Acres: 0.17
  • Zoning: 4BB1
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dryer, Microwave, Range/Stove, Washer
  • Total Bedrooms: 5
  • Total Bathrooms: 2
  • Basement Features: Finished
  • Basement Material: Concrete Block
  • Basement Style: Partial
  • Finished Above Grade Sq Ft: 1052
  • Total Square Footage: 1624
  • Below Grade Finished Sq Ft: 500

Exterior Features

  • Frontage Road: City
  • Construction Type: Frame/Wood
  • Exterior: Vinyl
  • Roof: Asphalt Shingles
  • Exterior Amenities: Driveway - Asphalt

Garage/Parking

  • Garage Type: Detached
  • Number Garage Spaces: 1
  • Number Off Street Parking: 4

Utilities

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

Schools

  • School District: Mankato #77

Lot Info

  • Lot/Land Description: Tree Coverage - Medium
  • Estimated Lot Dimensions: 60x113x72x113

Rental Info

  • Tenant Expense: Electric, Lawn, Snow, Trash, Water/Sewer, Fuel
  • Type of Tenancy: One Year Lease

Building Info

  • Year Built: 1979

Tax Info

  • Year: 2023
  • Tax Value: 2346

MLS Schools

  • School District: Mankato #77

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 2, 2023
Closed on
Nov 29, 2023
Sold by
Nelson Properties Mankato Llc
Bought by
Miller Samuel and Miller Steven
Seller's Agent
Trent VanOrt
CENTURY 21 ATWOOD
Buyer's Agent
Non Member
Non-Member
List Price
$229,900
Sold Price
$229,900
Views
25
Current Estimated Value
$262,981

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$33,081
Avg. Annual Appreciation
8.89%
Original Mortgage
$172,425
Outstanding Balance
$170,332
Interest Rate
7.63%
Mortgage Type
New Conventional
Estimated Equity
$92,242

Purchase Details

Closed on
Nov 18, 2020
Sold by
Nelson Ian and Nelson Mandi J
Bought by
Nelson Properties Mankato Llc

Purchase Details

Closed on
May 3, 2013
Sold by
Nelson Ian and Nelson Mandi J
Bought by
Nelson Ian and Nelson Mandi J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,200
Interest Rate
3.56%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 16, 2008
Sold by
Burns Casey
Bought by
Nelson Ian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
6.5%
Mortgage Type
New Conventional
Source: Public Records

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Range of Values:

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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 Samuel $229,900 --
Nelson Properties Mankato Llc -- None Available
Nelson Properties Mankato Llc -- None Available
Nelson Ian -- North American Title
Nelson Ian $135,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Miller Samuel $172,425
Previous Owner Nelson Ian $60,000
Previous Owner Nelson Ian $123,200
Previous Owner Nelso Ian $143,060
Previous Owner Nelson Ian $135,000
Previous Owner Burns Casey $56,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/29/2023 11/29/23 Sold $229,900 0.0% $219 / Sq Ft
10/08/2023 10/08/23 Pending -- -- --
10/02/2023 10/02/23 For Sale $229,900 -- $219 / 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
2024 $2,480 $217,600 $30,900 $186,700
2023 $2,346 $206,700 $30,900 $175,800
2022 $2,010 $199,400 $30,900 $168,500
2021 $1,968 $157,300 $30,900 $126,400
2020 $1,870 $145,400 $29,600 $115,800
2019 $1,866 $145,400 $29,600 $115,800
2018 $1,726 $144,600 $29,600 $115,000
2017 $1,562 $134,400 $29,600 $104,800
2016 $1,556 $127,200 $29,600 $97,600
2015 $12 $127,200 $29,600 $97,600
2014 -- $118,000 $29,600 $88,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 7033467

REALTOR® Association of Southern Minnesota

APN: R01-09-18-479-006