NOT LISTED FOR SALE

38600 498th St North Mankato, MN 56003

Estimated Value: $387,387 - $736,000

3 Beds
1 Bath
1,244 Sq Ft
$407/Sq Ft Est. Value

Sale Details

Date Sold: September 23, 2022

Last sale price $316,000 $254 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $2,972 / mo

5 Days on Market

Highlights

  • No HOA
  • Living Room
  • 1-Story Property
  • Mankato West Senior High School Rated A-
  • Crops Farm
  • Dining Room

About This Home

As of September 2022

10.60 acres, m/l, located north of Mankato, Minnesota on the north side of 498th St. This property has 7.00 estimated FSA/Eff. crop acres with a CPI of 87.80. There is a 3 bedroom, 1 bathroom, 1,244 square foot home on this property with a one-stall, attached garage that was built in 1961. This property offers a house, farmland and wooded ravines. Seller has two additional parcels of adjacent land for sale.

Last Agent to Sell the Property

Doug Hensley

Hertz Real Estate Services License #*** Listed on: 06/17/2022

Last Buyer's Agent

Doug Hensley

Hertz Real Estate Services License #*** Listed on: 06/17/2022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,780

Year Built

  • Built in 1961

Lot Details

  • 10.6 Acre Lot
  • 100231400
  • Property is zoned Agriculture

Parking

  • 1 Car Garage

Interior Spaces

  • 1,244 Sq Ft Home
  • 1-Story Property
  • Family Room
  • Living Room
  • Dining Room
  • Unfinished Basement

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Farming

  • Crops Farm

Community Details

  • No Home Owners Association

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,780

Year Built

Built in 1961

Lot Details

10.6 Acres

Listing Details

  • Accessible: None
  • Construction Status: Previously Owned
  • Copyright Remarks: Yes
  • Legal Description: 38600 498th St., Mankato, MN 56003
  • Municipality: North Mankato
  • Year Built: 1961
  • House Or Land: Includes House
  • Stories: 1 Story
  • OFFICELIST_ADDRESS: 38600 498th Street
  • Distribute To Internet: Yes
  • Listing Entry Date Time: 2022-06-17
  • List Office I D: 1113
  • Sales Office I D: 1113
  • Selling Agent: 4205
  • Street Designation: Street
  • Building Style: Single Family Residence
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Common Walls: No
  • Bedrooms: 3
  • Bedroom 1: (1st) Bedroom
  • Bedroom 2: (2nd) Bedroom
  • Bedroom 3: (3rd) Bedroom
  • Bedroom 4: (4th) Bedroom
  • Total Bathrooms: 1
  • Basement: Unfinished
  • Dining Room: Dining Room
  • Family Room: Family Room
  • Kitchen: Kitchen
  • Living Room: Living Room
  • Price Per S Q F T: 254.02
  • Above Grade Finished Sq Ft: 1244
  • Fireplace: No
  • Total Finished Sq Ft: 1244

Exterior Features

  • Waterfront Present: No
  • Exterior: Other
  • Foundation Size: 1

Garage/Parking

  • Fuel: Other

Utilities

  • Air Conditioner: None
  • Garage Stalls: 1
  • Heating: Other
  • Sewer: Other
  • Water: Other

Condo/Co-op/Association

  • Association Fee YN: No

Fee Information

  • Tax Class: FARM

Schools

  • School District Number: 77
  • School District Phone: 507-387-1868

Lot Info

  • Acres: 10.6
  • Additional Parcels Description: 100231400
  • Total Assessed Value: 21
  • Assessment Pending: Unknown
  • Homestead Description: Other
  • Lot Dimensions: Irregular
  • Lot Size Sq Ft: 461736
  • Lot Size Units: Acres
  • Corn Base: 4
  • Corn P L C Yield: 169
  • Crop Productivity Index: 88
  • Crop Type: Beans, Corn
  • Soybean Base: 3
  • Soybean P L C Yield: 42
  • Tillable Acres: 7
  • Map Letter: A1
  • Zoning: Agriculture

Green Features

  • Certification: No

Rental Info

  • Availability: Available
  • Rental License: No

Tax Info

  • Tax With Assessments: 1801
  • Tax Year: 2022
  • Taxable Acres: 10.06
  • Gross Taxes: 1780

MLS Schools

  • School District: 77 - Mankato
  • School District Name: Mankato

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 17, 2022
Closed on
Aug 30, 2022
Sold by
Bought by
Seller's Agent
Doug Hensley
Hertz Real Estate Services
Buyer's Agent
Doug Hensley
Hertz Real Estate Services
List Price
$325,000
Sold Price
$316,000
Premium/Discount to List
-$9,000
-2.77%
Current Estimated Value
$505,847

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$189,847
Avg. Annual Appreciation
13.22%
Original Mortgage
$641,000
Outstanding Balance
$613,654
Interest Rate
5.51%
Mortgage Type
New Conventional
Estimated Equity
-$107,807
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$641,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $641,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
09/23/2022 09/23/22 Sold $316,000 -2.8% $254 / Sq Ft
06/22/2022 06/22/22 Pending -- -- --
06/17/2022 06/17/22 For Sale $325,000 -- $261 / Sq Ft
Source: NoCoast MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $3,074 $353,300 $133,300 $220,000
2024 $2,448 $371,600 $136,800 $234,800
2023 $2,136 $289,000 $123,200 $165,800
2022 $1,690 $278,900 $113,100 $165,800
2021 $1,720 $207,400 $104,400 $103,000
2020 $1,654 $199,300 $100,600 $98,700
2019 $1,882 $205,900 $107,200 $98,700
2018 $1,822 $224,500 $107,200 $117,300
2017 -- $209,900 $0 $0
2016 $1,482 $0 $0 $0
2015 -- $0 $0 $0
2011 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NoCoast MLS

MLS Number: NOC6221962

NoCoast MLS

APN: R-01.023.1400

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