NOT LISTED FOR SALE

511 S Broad St Mankato, MN 56001

Five Corners Neighborhood

Estimated Value: $250,000 - $294,000

6 Beds
3 Baths
2,878 Sq Ft
$95/Sq Ft Est. Value

Last Sold November 15, 2019

Last sale price $193,000 $67 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $1,752/month

Highlights

  • Deck
  • Porch
  • Baseboard Heating
  • Washington Elementary School Rated 9+
  • Forced Air Heating and Cooling System
  • 1-minute walk to Malda Farnham Park

About This Home

As of November 2019

Excellent rental income from this spacious tri-plex. There is a large 1 bedroom apartment and a studio on the main level. The studio was recently updated several years ago to meet new rental code requirements/sound proofing and other improvements. The upper level is a 4 bedroom with 1 full bath with over 1,400 sq ft. Off street parking (6) and shed in the rear. Shed is rented for $120/yr. Total Monthly income of $2,495. Tenant pays electric, owner pays gas, water, and trash. New siding in 2011, roof 2003, new furnace and ductwork in 2003. In 2014 reconfiguring and remodel of Unit 1. Great central location for your next investment property.

Last Agent to Sell the Property

Kenneth Lundberg

RE/MAX DYNAMIC AGENTS ST. PETER Listed on: 08/18/2019

RE/MAX DYNAMIC AGENTS ST. PETER

Last Buyer's Agent

Carlos Carrera

RE/MAX DYNAMIC AGENTS

RE/MAX DYNAMIC AGENTS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,602

Year Built

  • 1896

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 39 x 158

Home Design

  • Triplex
  • Frame Construction
  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • 2,878 Sq Ft Home
  • 2-Story Property
  • Range

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Stone Basement

Parking

  • 2 Parking Spaces Included
  • Driveway
  • Off-Street Parking

Outdoor Features

  • Deck
  • Porch

Location

  • Ground Level
  • Upper Level

Utilities

  • Forced Air Heating and Cooling System
  • Baseboard Heating
  • Gas Water Heater

Community Details

  • Gross Income $29,820

Listing and Financial Details

  • Tenant pays for electric
  • The owner pays for fuel, trash, water/sewer
  • Assessor Parcel Number R01.09.18.178.008

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,602

Year Built

1896

Lot Details

0

Listing Details

  • Class: MULTI-FAMILY
  • Classification: Homestead
  • Style: Triplex
  • Construction: Previously Owned
  • Foundation Size: 1412
  • L V T Date: 08/18/2019
  • Mechanicals: Water Heater - Gas
  • Parcel Number: R01.09.18.178.008
  • Price Per Square Foot: 44.99
  • Rental License: Yes
  • Stories: 2 Story
  • Street Designation: Street
  • Taxes With Assessments: 2770
  • Estimated Number of Acres: 0.14
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1896

Interior Features

  • Appliances: Range/Stove, Refrigerator
  • Total Bedrooms: 6
  • Total Bathrooms: 3
  • Basement Features: Unfinished
  • Basement Material: Stone
  • Basement Style: Full
  • Finished Above Grade Sq Ft: 2878
  • Total Fin Square Footage: 2878
  • Total Square Footage: 4290

Exterior Features

  • Frontage Road: City
  • Construction Type: Frame/Wood
  • Exterior: Vinyl
  • Roof: Asphalt Shingles
  • Exterior Amenities: Deck, Driveway - Asphalt, Porch

Garage/Parking

  • Number Off Street Parking: 6

Utilities

  • Fuel: Electric, Natural Gas
  • Heat: Baseboard, Forced Air
  • Sewer: City
  • Water: City

Schools

  • School District: Mankato #77

Lot Info

  • Estimated Lot Dimensions: 39 X 158

Rental Info

  • Owner Expense: Fuel, Trash, Water/Sewer
  • Tenant Expense: Electric
  • Type of Tenancy: One Year Lease

Multi Family

  • Est Annual Gross Income: 29820

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 18, 2019
Closed on
Oct 22, 2019
Sold by
Woodland Investments Llc
Bought by
Lacina Isaiah Matthew
Seller's Agent
Kenneth Lundberg
RE/MAX DYNAMIC AGENTS ST. PETER
Buyer's Agent
Carlos Carrera
RE/MAX DYNAMIC AGENTS
List Price
$207,000
Sold Price
$193,000
Premium/Discount to List
-$14,000
-6.76%
Current Estimated Value
$273,771

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$80,771
Avg. Annual Appreciation
7.97%
Original Mortgage
$189,504
Outstanding Balance
$167,596
Interest Rate
3.65%
Mortgage Type
FHA
Estimated Equity
$135,288

Purchase Details

Listed on
Sep 28, 2014
Closed on
Oct 31, 2014
Sold by
Zeiher Jacob M
Bought by
Woodland Investments Llc
Seller's Agent
Kenneth Lundberg
RE/MAX DYNAMIC AGENTS ST. PETER
Buyer's Agent
Kenneth Lundberg
RE/MAX DYNAMIC AGENTS ST. PETER
List Price
$189,900
Sold Price
$168,500
Premium/Discount to List
-$21,400
-11.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.73%
Original Mortgage
$174,998
Interest Rate
4.19%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
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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
Lacina Isaiah Matthew $193,000 North American Title
Woodland Investments Llc $168,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lacina Isaiah Matthew $189,504
Previous Owner Woodland Investments Llc $174,998
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/15/2019 11/15/19 Sold $193,000 -6.8% $67 / Sq Ft
10/02/2019 10/02/19 Pending -- -- --
08/18/2019 08/18/19 For Sale $207,000 +22.8% $72 / Sq Ft
10/31/2014 10/31/14 Sold $168,500 -11.3% $59 / Sq Ft
10/08/2014 10/08/14 Pending -- -- --
09/28/2014 09/28/14 For Sale $189,900 -- $66 / 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 $3,602 $256,600 $19,900 $236,700
2024 $3,602 $260,300 $19,900 $240,400
2023 $2,674 $259,800 $19,900 $239,900
2022 $2,346 $240,700 $19,900 $220,800
2021 $2,272 $200,400 $19,900 $180,500
2020 $2,146 $184,500 $19,900 $164,600
2019 $2,770 $184,500 $19,900 $164,600
2018 $2,678 $177,800 $19,900 $157,900
2017 $2,422 $173,300 $19,900 $153,400
2016 $2,262 $162,800 $19,900 $142,900
2015 $15 $152,200 $19,900 $132,300
2014 -- $146,200 $19,900 $126,300
Source: Public Records

Agents Affiliated with this Home

  • Kenneth Lundberg

    Seller's Agent in 2019

    Kenneth Lundberg

    RE/MAX

    (507) 351-6537

    1 in this area

    211 Total Sales

    Kenneth Lundberg
    Section Image
  • Carlos Carrera

    Buyer's Agent in 2019

    Carlos Carrera

    RE/MAX

    (507) 720-4663

    48 Total Sales

    Carlos Carrera
    Section Image
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Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 7021978

REALTOR® Association of Southern Minnesota

APN: R01-09-18-178-008

Minnesota Blue Earth County Mankato 56001 Five Corners

511 S Broad St, Mankato, MN

This home is located at 511 S Broad St, Mankato, MN 56001 since 18 August 2019 and is currently estimated at $273,771, approximately $95 per square foot. This property was built in 1896. 511 S Broad St is a home located in Blue Earth County with nearby schools including Washington Elementary School, Prairie Winds Middle School, and Mankato East Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

REALTOR® Association of Southern Minnesota IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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