NOT LISTED FOR SALE

325 E Pleasant St Mankato, MN 56001

Lincoln Park Neighborhood

Estimated Value: $277,767 - $350,000

4 Beds
4 Baths
2,457 Sq Ft
$131/Sq Ft Est. Value

Last Sold April 30, 2014

Last sale price $175,000 $71 Per Sq Ft

Est. 85% increase in value since last sale

Current estimated payment $2,032/month

Highlights

  • Eat-In Kitchen
  • Forced Air Heating System
  • 4-minute walk to Lincoln Park
  • Jefferson Elementary School Rated A

About This Home

As of April 2014

Excellent investment opportunity! Fully rented, licensed and updated 4-plex with superb rental history. Utilities (except water and garbage) all paid by tenants. New shingles, updated siding, all units updated. This is a very low maintenance income property with excellent return on investment, so call today for showing.

Last Agent to Sell the Property

Richard Draheim

WEICHERT REALTORS, COMMUNITY GROUP Listed on: 01/22/2014

WEICHERT REALTORS, COMMUNITY GROUP

Last Buyer's Agent

Trent VanOrt

CENTURY 21 ATWOOD

CENTURY 21 ATWOOD

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,052

Year Built

  • 1916

Lot Details

  • 8,276 Sq Ft Lot
  • Lot Dimensions are 65x132

Home Design

  • Quadruplex
  • Frame Construction
  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • 2,457 Sq Ft Home
  • 2-Story Property

Kitchen

  • Eat-In Kitchen
  • Range

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Unfinished Basement

  • Partial Basement
  • Stone Basement

Parking

  • 1 Parking Space Included
  • On-Street Parking
  • Off-Street Parking

Location

  • Ground Level

Utilities

  • Forced Air Heating System
  • Gas Water Heater

Community Details

  • Gross Income $21,300

Listing and Financial Details

  • Tenant pays for broadband, cable TV, electric, lawn, snow, fuel
  • The owner pays for maint/repair, trash, water/sewer
  • Assessor Parcel Number R01.09.18.328.00

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,052

Year Built

1916

Lot Details

0

Listing Details

  • Class: MULTI-FAMILY
  • Style: 4-plex
  • Construction: Previously Owned
  • Foundation Size: 1600
  • Mechanicals: Water Heater - Gas
  • Parcel Number: R01.09.18.328.00
  • Price Per Square Foot: 71.23
  • Projected Closed Date: 04/30/2014
  • Remodeled Addition: Yes
  • Rental License: Yes
  • Stories: 2 Story
  • Street Designation: Street
  • Taxes With Assessments: 2422
  • Estimated Number of Acres: 0.19
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1916

Interior Features

  • Appliances: Range/Stove, Refrigerator
  • Total Bedrooms: 4
  • Total Bathrooms: 4
  • Basement Features: Unfinished
  • Basement Material: Stone
  • Basement Style: Partial
  • Finished Above Grade Sq Ft: 2457
  • Total Square Footage: 2457

Exterior Features

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

Garage/Parking

  • 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: Paved Streets
  • Estimated Lot Dimensions: 65x132

Rental Info

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

Multi Family

  • Est Annual Gross Income: 21300

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 18, 2021
Sold by
Hall Bradley
Bought by
Ktown Investments Llc
Current Estimated Value
$322,942

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Outstanding Balance
$220,223
Interest Rate
3.09%
Mortgage Type
New Conventional
Estimated Equity
$102,719

Purchase Details

Listed on
Jan 22, 2014
Closed on
Apr 30, 2014
Sold by
Kiecker Mark T and Kiecker Denise M
Bought by
Hall Timothy M
Seller's Agent
Richard Draheim
WEICHERT REALTORS, COMMUNITY GROUP
Buyer's Agent
Trent VanOrt
CENTURY 21 ATWOOD
List Price
$189,900
Sold Price
$175,000
Premium/Discount to List
-$14,900
-7.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.47%
Original Mortgage
$170,940
Interest Rate
4%
Mortgage Type
FHA
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
Ktown Investments Llc $240,000 Stewart Title
Hall Timothy M $175,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ktown Investments Llc $240,000
Previous Owner Hall Timothy M $170,940
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/30/2014 04/30/14 Sold $175,000 -7.8% $71 / Sq Ft
04/01/2014 04/01/14 Pending -- -- --
01/22/2014 01/22/14 For Sale $189,900 -- $77 / 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 $4,052 $304,800 $31,200 $273,600
2024 $4,052 $293,000 $31,000 $262,000
2023 $3,868 $293,000 $31,000 $262,000
2022 $3,806 $271,600 $31,000 $240,600
2021 $3,442 $246,400 $31,000 $215,400
2020 $3,432 $221,200 $31,000 $190,200
2019 $2,264 $221,200 $31,000 $190,200
2018 $2,178 $192,700 $31,000 $161,700
2017 $1,912 $187,100 $25,400 $161,700
2016 $1,908 $174,800 $25,400 $149,400
2015 $18 $175,200 $25,400 $149,800
2014 -- $165,800 $25,400 $140,400
Source: Public Records

Agents Affiliated with this Home

  • Richard Draheim

    Seller's Agent in 2014

    Richard Draheim

    WEICHERT REALTORS, COMMUNITY GROUP

    (507) 345-1111

    1 in this area

    176 Total Sales

    Richard Draheim
    Section Image
  • Trent VanOrt

    Buyer's Agent in 2014

    Trent VanOrt

    CENTURY 21 ATWOOD

    (320) 221-2245

    68 Total Sales

    Trent VanOrt
    Section Image
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Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 7004372

REALTOR® Association of Southern Minnesota

APN: R01-09-18-328-004

Minnesota Blue Earth County Mankato 56001 Lincoln Park

325 E Pleasant St, Mankato, MN

This home is located at 325 E Pleasant St, Mankato, MN 56001 since 22 January 2014 and is currently estimated at $322,942, approximately $131 per square foot. This property was built in 1916. 325 E Pleasant St is a home located in Blue Earth County with nearby schools including Jefferson Elementary School, Dakota Meadows Middle School, and Mankato West 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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