505 505 N 2nd Unit 505 N Second Street Mankato, MN 56001
Riverfront Park Neighborhood
2
Beds
1
Bath
1,184
Sq Ft
3,049
Sq Ft Lot
Highlights
- Eat-In Kitchen
- Franklin Elementary School Rated A
- Forced Air Heating and Cooling System
About This Home
As of July 2024Nestled in the heart of the city, this two story, brick, twinhome offers the perfect blend of a vibrant neighborhood and a serene living space. Completely renovated! Large living room with 9-foot ceilings and newer carpet. The kitchen presents stainless-steel appliances and solid wood cabinets. Half bath with laundry complete the main living spaces. Upper floor is comprised of 2 bedrooms with large closets and a full bath. Whether it's catching the sunset or enjoying a cup of coffee, your front and back porch are the perfect spots to unwind. Don't miss out on an opportunity to call this upgraded property your own!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $498
Year Built
- Built in 1881
Lot Details
- 3,049 Sq Ft Lot
- Lot Dimensions are 27x114
Home Design
- Brick Exterior Construction
- Frame Construction
- Asphalt Shingled Roof
Interior Spaces
- 1,184 Sq Ft Home
- 2-Story Property
- Eat-In Kitchen
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Full Bathroom
Basement
- Basement Fills Entire Space Under The House
- Stone Basement
Utilities
- Forced Air Heating and Cooling System
Listing and Financial Details
- Assessor Parcel Number R01.09.07.412.002
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 13, 2024
Closed on
Jul 31, 2024
Sold by
Wachtel Pete and Wachtel Michelle
Bought by
Coffee Mikaila
Seller's Agent
Jen True
TRUE REAL ESTATE
Buyer's Agent
Jordan Johnson
Edina Realty Inc. Mankato
List Price
$174,900
Sold Price
$160,000
Premium/Discount to List
-$14,900
-8.52%
Total Days on Market
5
Views
13
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,383
Avg. Annual Appreciation
2.55%
Original Mortgage
$160,000
Outstanding Balance
$158,902
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
$4,481
Purchase Details
Closed on
Dec 15, 2022
Sold by
Stoffel Lisa
Bought by
Wachtel Pete and Wachtel Michelle
Purchase Details
Closed on
Dec 16, 2020
Sold by
First National Acceptance Co
Bought by
Stoffel Lisa
Purchase Details
Closed on
Feb 13, 2013
Sold by
Growth Holdings Llc
Bought by
Stoffel Lisa
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$37,500
Interest Rate
6%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Apr 27, 2012
Sold by
Wells Farfo Bank National Association
Bought by
Growth Holdings Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$21,000
Interest Rate
3.87%
Mortgage Type
Future Advance Clause Open End Mortgage
Similar Homes in Mankato, MN
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 |
|---|---|---|---|
| Deed | $160,000 | -- | |
| Deed | $20,000 | -- | |
| Warranty Deed | $37,500 | None Available | |
| Contract Of Sale | $37,500 | None Available | |
| Limited Warranty Deed | $34,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $160,000 | New Conventional | |
| Previous Owner | $37,500 | Seller Take Back | |
| Previous Owner | $21,000 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $4,381 | Unknown | |
| Previous Owner | $65,000 | Credit Line Revolving |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/31/2024 07/31/24 | Sold | $160,000 | -8.5% | $135 / Sq Ft |
| 06/18/2024 06/18/24 | Pending | -- | -- | -- |
| 06/13/2024 06/13/24 | For Sale | $174,900 | -- | $148 / 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 |
|---|---|---|---|---|
| 2024 | $1,422 | $152,600 | $12,200 | $140,400 |
| 2023 | $494 | $43,100 | $12,200 | $30,900 |
| 2022 | $472 | $40,600 | $12,200 | $28,400 |
| 2021 | $462 | $35,700 | $12,200 | $23,500 |
| 2020 | $1,028 | $83,300 | $12,200 | $71,100 |
| 2019 | $848 | $83,300 | $12,200 | $71,100 |
| 2018 | $816 | $89,600 | $12,200 | $77,400 |
| 2017 | $702 | $87,400 | $12,200 | $75,200 |
| 2016 | $628 | $82,200 | $12,200 | $70,000 |
| 2015 | $6 | $77,000 | $12,200 | $64,800 |
| 2014 | -- | $74,100 | $12,200 | $61,900 |
Source: Public Records
Agents Affiliated with this Home
-
Jen True
Seller's Agent in 2024
Jen True
TRUE REAL ESTATE
(507) 317-4433
6 in this area
491 Total Sales
-
Jordan Johnson
Buyer's Agent in 2024
Jordan Johnson
Edina Realty Inc. Mankato
(612) 719-1466
2 in this area
87 Total Sales
Map
Source: REALTOR® Association of Southern Minnesota
MLS Number: 7035155
APN: R01-09-07-412-002
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