NOT LISTED FOR SALE

404 James Ave Mankato, MN 56001

Rasmussen Park Neighborhood

Estimated Value: $327,000 - $494,150

6 Beds
3 Baths
1,632 Sq Ft
$241/Sq Ft Est. Value

Last Sold January 12, 2012

Last sale price $220,000 $135 Per Sq Ft

Est. 79% increase in value since last sale

Current estimated payment $2,467/month

102 Days on Market

About This Home

As of January 2012

Permanent Siding, newer roof, windows, gutter helmet, newer patio and retaining walls. Owner occupied at this time, estimated rental income from this $1100-$1200/month. Owner pays w/s/g Private yard. Each unit has own washer/dryer.

Last Agent to Sell the Property

Lisa Fitterer

RE/MAX DYNAMIC AGENTS License #00087420 Listed on: 09/05/2011

RE/MAX DYNAMIC AGENTS

Last Buyer's Agent

Angie VanEman Lynch

AMERICAN WAY REALTY

Property Details

Home Type

  • Multi-Family

Year Built

  • 1965

Lot Details

  • Lot Dimensions are 95x91

Parking

  • 2 Car Garage
  • 2 Parking Spaces Included

Kitchen

  • Range
  • Dishwasher

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Laundry

  • Dryer
  • Washer

Location

  • Ground Level
  • Lower Level
  • Upper Level

Utilities

  • Window Unit Cooling System
  • Radiant Heating System
  • Water Heater

Community Details

  • Gross Income $14,400

Listing and Financial Details

  • The owner pays for lawn, snow, water/sewer
  • Assessor Parcel Number R01.09.19.152.001

Property Details

Home Type

Multi-Family

Year Built

1965

Lot Details

0

Parking

2

Listing Details

  • Class: MULTI-FAMILY
  • Mechanicals: Individual Water Heaters
  • Parcel Number: R01.09.19.152.001
  • Street Designation: Avenue
  • Zoning: Res.
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1965

Interior Features

  • Appliances: Dishwasher, Dryer, Range/Stove, Refrigerator, Washer
  • Total Bedrooms: 6
  • Total Bathrooms: 3

Exterior Features

  • Exterior Amenities: Permanent Outdoor Grill

Garage/Parking

  • Number Garage Spaces: 2

Utilities

  • Heat: Radiant
  • Sewer: City
  • Water: City

Lot Info

  • Estimated Lot Dimensions: 95x91

Rental Info

  • Owner Expense: Lawn, Snow, Water/Sewer
  • Type of Tenancy: One Year Lease

Multi Family

  • Est Annual Gross Income: 14400

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 18, 2024
Sold by
Krenz John
Bought by
Riverside Properties Of Mankato Llc
Current Estimated Value
$393,288

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$249,300
Outstanding Balance
$245,003
Interest Rate
7.03%
Mortgage Type
New Conventional
Estimated Equity
$148,285

Purchase Details

Listed on
Sep 5, 2011
Closed on
Jan 12, 2012
Sold by
Laven Mitchell J and Laven Katherine R
Bought by
Krenz John D
Seller's Agent
Lisa Fitterer
RE/MAX DYNAMIC AGENTS
Buyer's Agent
Angie VanEman Lynch
AMERICAN WAY REALTY
List Price
$238,900
Sold Price
$220,000
Premium/Discount to List
-$18,900
-7.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.24%
Original Mortgage
$165,000
Interest Rate
3.56%
Mortgage Type
Commercial

Purchase Details

Closed on
May 18, 2007
Sold by
Vogel John P
Bought by
Laven Mitchell J and Laven Katherine R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$205,200
Interest Rate
6.22%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Riverside Properties Of Mankato Llc $312,000 --
Krenz John D $220,000 Concierge Title Inc
Laven Mitchell J $206,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Riverside Properties Of Mankato Llc $249,300
Previous Owner Krenz John D $165,000
Previous Owner Laven Mitchell J $205,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/12/2012 01/12/12 Sold $220,000 -7.9% $135 / Sq Ft
12/16/2011 12/16/11 Pending -- -- --
09/05/2011 09/05/11 For Sale $238,900 -- $146 / 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 $4,874 $314,500 $38,500 $276,000
2024 $4,874 $352,700 $38,500 $314,200
2023 $4,462 $353,200 $38,500 $314,700
2022 $4,168 $313,600 $38,500 $275,100
2021 $3,812 $269,900 $38,500 $231,400
2020 $3,742 $241,300 $38,500 $202,800
2019 $3,376 $241,300 $38,500 $202,800
2018 $3,272 $217,000 $38,500 $178,500
2017 $2,796 $211,900 $38,500 $173,400
2016 $2,282 $188,100 $38,500 $149,600
2015 $22 $187,400 $38,500 $148,900
2014 $2,044 $542,400 $115,500 $426,900
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2012

    Lisa Fitterer

    RE/MAX

    (507) 387-5472

    1 in this area

    31 Total Sales

    Lisa Fitterer
    Section Image
  • Angie VanEman Lynch

    Buyer's Agent in 2012

    Angie VanEman Lynch

    AMERICAN WAY REALTY

    (507) 381-8961

    2 in this area

    222 Total Sales

    Angie VanEman Lynch
    Section Image
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Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 129287

REALTOR® Association of Southern Minnesota

APN: R01-09-19-152-001

Minnesota Blue Earth County Mankato 56001 Rasmussen Park

404 James Ave, Mankato, MN

Not Listed for Sale

MultiFamily

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