Seller's Agent in 2023
Sara Stilson
TRUE REAL ESTATE
(303) 253-4349
6 in this area
173 Total Sales
507 N 5th St Mankato, MN 56001
Washington Park NeighborhoodEstimated Value: $180,449 - $281,000
3
Beds
2
Baths
1,613
Sq Ft
$136/Sq Ft
Est. Value
Highlights
- Property is near public transit
- 2 Car Detached Garage
- Landscaped with Trees
- Franklin Elementary School Rated A
- Eat-In Kitchen
- 4-minute walk to Washington Park
About This Home
As of May 2023Investment opportunity! This well-maintained duplex with great rental history located in the heart of Mankato won't last long! Main unit offers two bedrooms and one bathroom. Upper unit offers one bed and one bath. There is a double detached garage with one space for each unit and off-street parking. Set up your showing today!
Last Agent to Sell the Property
TRUE REAL ESTATE License #40682251 Listed on: 03/17/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,778
Year Built
- Built in 1888
Lot Details
- 6,098 Sq Ft Lot
- Lot Dimensions are 40x150
- Landscaped with Trees
Parking
- 2 Car Detached Garage
- 1 Parking Space Included
- Driveway
Home Design
- Duplex
- Frame Construction
- Asphalt Shingled Roof
- Metal Siding
Interior Spaces
- 1,613 Sq Ft Home
- 2-Story Property
- Ceiling Fan
Kitchen
- Eat-In Kitchen
- Range
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Bathrooms
Laundry
- Dryer
- Washer
Unfinished Basement
- Basement Fills Entire Space Under The House
- Stone Basement
- Sump Pump
Location
- Ground Level
- Upper Level
- Property is near public transit
Utilities
- Forced Air Heating System
- Gas Water Heater
- High Speed Internet
Community Details
- 2 Units
Listing and Financial Details
- Tenant pays for broadband, cable TV, electric, lawn, snow
- The owner pays for fuel, maint/repair, trash, water/sewer
- Assessor Parcel Number R01.09.07.478.010
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 27, 2015
Closed on
Aug 5, 2015
Sold by
Pfarr Douglas W and Pfarr Sara H
Bought by
Dect Housing Llc
Seller's Agent
Jon Kietzer
LANDMARK REAL ESTATE
Buyer's Agent
CAROL PARSLEY
LANDMARK REAL ESTATE
List Price
$119,500
Sold Price
$94,000
Premium/Discount to List
-$25,500
-21.34%
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
$126,112
Avg. Annual Appreciation
8.45%
Purchase Details
Closed on
Jul 14, 2010
Sold by
Petersen Cheri K and Petersen Steven W
Bought by
Pfarr Douglas W and Pfarr Sara J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,800
Interest Rate
4.81%
Mortgage Type
Future Advance Clause Open End Mortgage
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Dect Housing Llc | $94,000 | -- | |
| Pfarr Douglas W | $116,000 | -- | |
| Petersen Cheri K | $31,400 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Pfarr Douglas W | $92,800 | |
| Closed | Petersen Cheri K | -- |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/12/2023 05/12/23 | Sold | $180,000 | 0.0% | $112 / Sq Ft |
| 04/12/2023 04/12/23 | Pending | -- | -- | -- |
| 03/17/2023 03/17/23 | For Sale | $180,000 | +91.5% | $112 / Sq Ft |
| 08/03/2015 08/03/15 | Sold | $94,000 | -21.3% | $58 / Sq Ft |
| 06/30/2015 06/30/15 | Pending | -- | -- | -- |
| 01/27/2015 01/27/15 | For Sale | $119,500 | -- | $74 / 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 |
|---|---|---|---|---|
| 2025 | $1,406 | $155,700 | $20,000 | $135,700 |
| 2024 | $1,406 | $151,300 | $20,000 | $131,300 |
| 2023 | $2,454 | $151,300 | $20,000 | $131,300 |
| 2022 | $2,236 | $140,900 | $20,000 | $120,900 |
| 2021 | $2,192 | $115,700 | $20,000 | $95,700 |
| 2020 | $2,116 | $107,500 | $20,000 | $87,500 |
| 2019 | $2,228 | $107,500 | $20,000 | $87,500 |
| 2018 | $2,174 | $114,500 | $20,000 | $94,500 |
| 2017 | $2,014 | $111,800 | $20,000 | $91,800 |
| 2016 | $1,356 | $105,500 | $20,000 | $85,500 |
| 2015 | $9 | $99,200 | $20,000 | $79,200 |
| 2014 | $1,088 | $95,600 | $20,000 | $75,600 |
Source: Public Records
Agents Affiliated with this Home
-
Sara Stilson
-
Candee Deichman
Buyer's Agent in 2023
Candee Deichman
CENTURY 21 ATWOOD
(833) 268-1866
7 in this area
425 Total Sales
-
Jon Kietzer
Seller's Agent in 2015
Jon Kietzer
LANDMARK REAL ESTATE
(507) 381-1773
2 in this area
128 Total Sales
-
C
Buyer's Agent in 2015
CAROL PARSLEY
LANDMARK REAL ESTATE
Map
Source: REALTOR® Association of Southern Minnesota
MLS Number: 7031949
APN: R01-09-07-478-010
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