NOT LISTED FOR SALE

505 Broadway Ave S Cokato, MN 55321

Cokato Area
6 Beds
4 Baths
4,436 Sq Ft
0.28 Acre Lot

Sale Details

Date Sold: October 27, 2023

Last sale price $270,000 $61 Per Sq Ft

12 Days on Market

Highlights

  • Forced Air Heating System
  • Coin Laundry
  • 1-minute walk to Peterson Park
  • Dassel-Cokato Senior High School Rated 9+

About This Home

As of October 2023

Investment opportunity in downtown Cokato! 4 plex fully occupied. Located downtown easy access to local shops and amenities. This building has 2 units on ground level and 2 units upper level. 2 units have 2 bedrooms and 1 bath and the other 2 units have 1 bedroom and 1 bath. Each unit consists of bedroom(s), full bath, kitchen and living room. Appliances in each unit include fridge and stove. Coin-op laundry in building. Each unit has a one stall garage and also a storage unit in basement.

Last Agent to Sell the Property

Barbara Mengelkoch

Kg Realty Listed on: 10/01/2023

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,234

Year Built

  • Built in 1900

Lot Details

  • 0.28

Parking

  • 4 Car Garage
  • Parking Lot

Home Design

  • Quadruplex
  • Steel Siding
  • Vinyl Siding

Interior Spaces

  • 4,436 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Unfinished Basement

  • Block Basement Construction
  • Stone or Rock in Basement
  • Basement Storage

Additional Features

  • Lot Dimensions are 50x246
  • Forced Air Heating System

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for insurance, grounds care, repairs, snow removal, taxes, trash collection, water
  • Assessor Parcel Number 105028000050

Community Details

Overview

  • 4 Units
  • Petersons Sub Subdivision

Amenities

  • Coin Laundry

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,234

Year Built

Built in 1900

Lot Details

0.28 Acres

Parking

4

Listing Details

  • Type: Residential Income
  • Property Subtype 1: Quadruplex
  • Garage Spaces: 4
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Association Amenities: Coin-op Laundry Owned
  • Year Built: 1900
  • Above Grade Finished Sq Ft: 4436
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Block, Storage/Locker, Stone/Rock, Unfinished
  • Living Area: 4436
  • Owner Pays: Insurance, Grounds Care, Repairs, Snow Removal, Taxes, Trash Collection, Water
  • Basement YN: Yes
  • Number Of Fireplaces: 0
  • Number Of Fireplaces: 0
  • Total Rooms: 5
  • Appliances: Range
  • Number Of Fireplaces: 0
  • Total Rooms: 4

Beds/Baths

  • Total Bedrooms: 6

Exterior Features

  • Roof: Age 8 Years or Less, Asphalt
  • Fencing: None
  • ConstructionMaterialsDesc: Block,Stone

Garage/Parking

  • Parking Features: Detached, Parking Lot

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • Fuel: Natural Gas
  • Number of Ranges: One Per Unit

Schools

  • Junior High Dist: Dassel-Cokato
  • SchoolDistrictPhone: 320-286-4100

Lot Info

  • Lot Size: 50x246
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Residential-Multi-Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Steel Siding, Vinyl Siding
  • Units Total: 4

Rental Info

  • Expenses: 0.0000

Tax Info

  • Tax Year: 2023
  • Assessor Parcel Number: 105028000050
  • Tax Annual Amount: 3234
  • TaxWithAssessments: 3234.0000

Multi Family

  • TenantPays: Electricity, Gas
  • Number Of Refrigerators: One Per Unit

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
Oct 1, 2023
Closed on
Oct 27, 2023
Sold by
Bought by
Seller's Agent
Barbara Mengelkoch
Kg Realty
List Price
$279,000
Sold Price
$270,000
Premium/Discount to List
-$9,000
-3.23%
Views
26

Purchase Details

Closed on
Jun 10, 2021
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 20, 2006
Sold by
Bought by

Purchase Details

Closed on
Dec 1, 2003
Sold by
Bought by

Purchase Details

Closed on
Oct 16, 2002
Sold by
Bought by

Purchase Details

Closed on
Jun 21, 2000
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$270,000 --
-- All American Title
$205,000 --
$196,000 --
$155,000 --
$69,500 --
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
Previous Owner $125,000
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
10/27/2023 10/27/23 Sold $270,000 -3.2% $61 / Sq Ft
10/13/2023 10/13/23 Pending -- -- --
10/01/2023 10/01/23 For Sale $279,000 -- $63 / Sq Ft
Source: NorthstarMLS

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
2026 $4,054 $261,000 $42,800 $218,200
2025 $4,054 $242,000 $43,700 $198,300
2024 $2,982 $220,400 $44,400 $176,000
2023 $3,234 $194,200 $33,500 $160,700
2022 $3,420 $188,300 $33,500 $154,800
2021 $3,390 $187,500 $37,000 $150,500
2020 $3,290 $181,800 $37,000 $144,800
2019 $3,370 $171,900 $0 $0
2018 $3,028 $169,900 $0 $0
2017 $2,808 $162,500 $0 $0
2016 $2,704 $0 $0 $0
2015 $2,694 $0 $0 $0
2014 -- $0 $0 $0
Source: Public Records

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Map

Source: NorthstarMLS

MLS Number: 6436414

NorthstarMLS
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