Seller's Agent in 2025
Kelly Miller
Realty Executives
(218) 464-7863
2 in this area
16 Total Sales
314 N Broad St Mankato, MN 56001
Riverfront Park Neighborhood
3
Beds
2
Baths
1,588
Sq Ft
6,534
Sq Ft Lot
Highlights
- Deck
- 2 Car Detached Garage
- Woodwork
- Franklin Elementary School Rated A
- Porch
- 4-minute walk to Seven Mile Creek County Park
About This Home
As of July 2025Prime Rental Investment Property with Active 5 Unrelated Rental License! This fantastic home presents a wonderful opportunity for both investors & future homeowners! Located just minutes from shopping, schools, and scenic trails, it’s ideally situated for convenience and accessibility. Rent to 5 unrelated tenants or use as a single-family home with future rental potential. The property has seen numerous upgrades (furnace, AC, roof, windows) offering peace of mind and efficiency for years to come. Unfinished basement & attic bonus space ready for your customization! Parking – Two-stall attached garage with concrete driveway, conveniently located next to the alley for easy access, plus off-street parking in front. Whether you're looking to start earning income immediately or desire a future investment property with owner-occupant flexibility, this property offers the best of both worlds. It’s an ideal choice for someone seeking a long-term investment with immediate rental potential!
Last Agent to Sell the Property
REALTY EXECUTIVES ASSOCIATES License #40512403 Listed on: 02/14/2025
Last Buyer's Agent
Non Member
Non-Member
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,228
Year Built
- Built in 1920
Lot Details
- 6,534 Sq Ft Lot
Parking
- 2 Car Detached Garage
- Garage Door Opener
Home Design
- Brick Exterior Construction
- Frame Construction
- Asphalt Shingled Roof
Interior Spaces
- 1,588 Sq Ft Home
- 2-Story Property
- Woodwork
- Ceiling Fan
Kitchen
- Range
- Freezer
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Bathrooms
Laundry
- Dryer
- Washer
Unfinished Basement
- Basement Fills Entire Space Under The House
- Block Basement Construction
Outdoor Features
- Deck
- Porch
Utilities
- Forced Air Heating and Cooling System
- Gas Water Heater
Community Details
- 3 Units
Listing and Financial Details
- Assessor Parcel Number R010907452013
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 14, 2025
Closed on
Jul 18, 2025
Sold by
Daly Donovan
Bought by
Garrett Alexander and Garrett Ashley
Seller's Agent
Kelly Miller
REALTY EXECUTIVES ASSOCIATES
Buyer's Agent
Non Member
Non-Member
List Price
$230,000
Sold Price
$220,000
Premium/Discount to List
-$10,000
-4.35%
Views
54
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.51%
Original Mortgage
$186,500
Outstanding Balance
$186,500
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$36,822
Purchase Details
Closed on
Apr 11, 2022
Sold by
Schwickerts Land Company
Bought by
Daly Donovan
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,835
Interest Rate
3.89%
Mortgage Type
New Conventional
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $220,000 | Minnesota River Valley Title | |
| Deed | $205,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $186,500 | New Conventional | |
| Previous Owner | $196,835 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/18/2025 07/18/25 | Sold | $220,000 | -1.1% | $139 / Sq Ft |
| 06/02/2025 06/02/25 | Pending | -- | -- | -- |
| 03/15/2025 03/15/25 | Price Changed | $222,500 | -3.3% | $140 / Sq Ft |
| 02/14/2025 02/14/25 | For Sale | $230,000 | -- | $145 / Sq Ft |
Source: REALTOR® Association of Southern Minnesota
Tax History Compared to Growth
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 | $2,224 | $196,500 | $20,400 | $176,100 |
| 2024 | $2,224 | $213,600 | $20,400 | $193,200 |
| 2023 | $2,170 | $216,200 | $20,400 | $195,800 |
| 2022 | $2,126 | $200,600 | $20,400 | $180,200 |
| 2021 | $2,104 | $166,600 | $20,400 | $146,200 |
| 2020 | $2,006 | $156,100 | $20,400 | $135,700 |
| 2019 | $1,964 | $156,100 | $20,400 | $135,700 |
| 2018 | $1,904 | $152,300 | $20,400 | $131,900 |
| 2017 | $1,714 | $148,500 | $20,400 | $128,100 |
| 2016 | $1,602 | $139,700 | $20,400 | $119,300 |
| 2015 | $15 | $131,000 | $20,400 | $110,600 |
| 2014 | $1,644 | $377,700 | $61,200 | $316,500 |
Source: Public Records
Agents Affiliated with this Home
-
Kelly Miller
-
N
Buyer's Agent in 2025
Non Member
Non-Member
Map
Source: REALTOR® Association of Southern Minnesota
MLS Number: 7036753
APN: R01-09-07-452-013
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