NOT LISTED FOR SALE

513 N 5th St Unit 513 N 5th Street Mankato, MN 56001

Washington Park Neighborhood

Estimated Value: $177,775 - $318,000

4 Beds
2 Baths
1,713 Sq Ft
$131/Sq Ft Est. Value

Last Sold April 10, 2017

Last sale price $106,500 $62 Per Sq Ft

Est. 111% increase in value since last sale

Current estimated payment $1,435/month

300 Days on Market

Highlights

  • 2 Car Detached Garage
  • Eat-In Kitchen
  • Patio
  • Franklin Elementary School Rated A
  • Woodwork
  • 4-minute walk to Washington Park

About This Home

As of April 2017

Duplex offering 2 bedrooms and one both in each unit. Parking pad and garage with alley access as well as street parking. Tenant pays all utilities. Rental license for each unit grandfathered in that does not limit occupancy!! (per City).

Last Agent to Sell the Property

Karla Van Eman

AMERICAN WAY REALTY License #00289588 Listed on: 05/10/2016

Last Buyer's Agent

Rebecca Thate

Re/Max Advantage Plus Mankato License #20422215

Re/Max Advantage Plus Mankato

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,132

Year Built

  • 1906

Lot Details

  • 5,663 Sq Ft Lot
  • Lot Dimensions are 40 x 150
  • Landscaped

Parking

  • 2 Car Detached Garage
  • 4 Parking Spaces Included
  • Driveway
  • On-Street Parking
  • Off-Street Parking

Home Design

  • Duplex
  • Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding

Interior Spaces

  • 1,713 Sq Ft Home
  • 2-Story Property
  • Woodwork
  • Ceiling Fan

Kitchen

  • Eat-In Kitchen
  • Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Dryer
  • Washer

Unfinished Basement

  • Partial Basement
  • Stone Basement
  • Sump Pump

Outdoor Features

  • Patio

Location

  • Ground Level
  • Upper Level

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for electric, fuel, trash, water/sewer
  • The owner pays for maint/repair
  • Assessor Parcel Number R01.09.07.478.007

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,132

Year Built

1906

Lot Details

0

Parking

2

Listing Details

  • Class: MULTI-FAMILY
  • Classification: NonHomestead
  • Style: Duplex - Up & Down
  • Assessment Balance: 3410
  • Assessments: Yes
  • Construction: Previously Owned
  • Foundation Size: 906
  • L V T Date: 05/12/2016
  • Mechanicals: Water Heater - Electric, Water Heater - Gas, Sump Pump
  • Parcel Number: R01.09.07.478.007
  • Price Per Square Foot: 40.66
  • Stories: 2 Story
  • Street Designation: Street
  • Taxes With Assessments: 1978
  • Estimated Number of Acres: 0.13
  • Zoning: RNH
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1906

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Range/Stove, Refrigerator, Washer
  • Total Bedrooms: 4
  • Total Bathrooms: 2
  • Basement Features: Sump Pump, Unfinished
  • Basement Material: Stone
  • Basement Style: Partial
  • Finished Above Grade Sq Ft: 1713
  • Total Square Footage: 2619

Exterior Features

  • Frontage Road: City
  • Construction Type: Frame/Wood
  • Exterior: Wood
  • Roof: Asphalt Shingles
  • Exterior Amenities: Driveway - Concrete, Patio

Garage/Parking

  • Garage Type: Detached
  • Number Garage Spaces: 2
  • Number Off Street Parking: 4

Utilities

  • Fuel: Natural Gas
  • Heat: Forced Air
  • Sewer: City
  • Water: City

Schools

  • School District: Mankato #77

Lot Info

  • Lot/Land Description: Landscaped
  • Estimated Lot Dimensions: 40 x 150

Rental Info

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 10, 2016
Closed on
Apr 10, 2017
Sold by
Wieweck Daniel G and Wieweck Jennifer N
Bought by
Devens Properties Llc
Seller's Agent
Karla Van Eman
AMERICAN WAY REALTY
Buyer's Agent
Rebecca Thate
Re/Max Advantage Plus Mankato
List Price
$125,000
Sold Price
$106,500
Premium/Discount to List
-$18,500
-14.8%
Total Days on Market
300
Current Estimated Value
$224,694

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$118,194
Avg. Annual Appreciation
9.10%
Original Mortgage
$116,000
Outstanding Balance
$97,664
Interest Rate
4.21%
Mortgage Type
Commercial
Estimated Equity
$119,034

Purchase Details

Closed on
Jul 26, 2012
Sold by
Wieweck Daniel and Wieweck Jennifer N
Bought by
Wieweck Daniel and Wieweck Jennifer N
Source: Public Records

Similar Homes in Mankato, MN

  • 612 Marsh St, Mankato, MN 56001

    $245,000

    • 6 Beds
    • 2 Baths
    • 1,120 Sq Ft
    • 612 Marsh St
    • Mankato, MN

    Duplex located in central Mankato, just down the hill from Bethany College. Upper level has 3 bedrooms and full bath. Stairs connecting to lower unit, which also has 3 bedroom and bath. Laundry located in lower level off the utility room. One stall attached garage with off street parking next to alley. This is a licensed duplex but currently rented as whole house for $1925 + pet rent & tenants

    Kellie Krumwiede Connect Real Estate Group

    Section Image
  • 314 N Broad St, Mankato, MN 56001

    $222,500

    • 3 Beds
    • 2 Baths
    • 1,588 Sq Ft
    • 314 N Broad St
    • Mankato, MN

    Prime Rental Investment Property with Active 5 Unrelated Rental License! This fantastic home presents a wonderful opportunity for both investors & future homeowners! Located just minutes from shopping, schools, and scenic trails, it’s ideally situated for convenience and accessibility. Rent to 5 unrelated tenants or use as a single-family home with future rental potential. The property has seen

    Kelly Miller REALTY EXECUTIVES ASSOCIATES

    Section Image
  • 1509 N 5th St, Mankato, MN 56001

    $229,900

    • 2 Beds
    • 2 Baths
    • 1509 N 5th St
    • Mankato, MN

    Here it is! Mankato's North end near Tourtellotte Park is where you will find this wonderful duplex. It could be well suited for an investor or it could be a really nice owner occupied property with rental income to offset the mortgage payments. Some great features, in addition to the location are: 2.5 stall garage. Big, private back yard. Newer steel siding and replacement windows. New shingles

    Jeff Kaul CENTURY 21 ATWOOD

    Section Image
  • 1531 N 2nd St, Mankato, MN 56001

    $179,900

    • 4 Beds
    • 2 Baths
    • 1,866 Sq Ft
    • 1531 N 2nd St
    • Mankato, MN

    Duplex Near Tourtellotte Park – Investment Opportunity! This duplex offers two units, each featuring 2 bedrooms and 1 bathroom. Situated just steps from scenic Tourtellotte Park, it's perfect for investors or owner-occupants alike. Both units are currently rented on a month-to-month basis, allowing the new owner the opportunity to adjust rents to market rate. Owner covers water, garbage, and gas.

    Karla Van Eman AMERICAN WAY REALTY

    Section Image

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Devens Properties Llc $106,500 --
Wieweck Daniel -- Nations Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Devens Properties Llc $116,000
Closed Devens Properties Llc $116,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/10/2017 04/10/17 Sold $106,500 -14.8% $62 / Sq Ft
03/06/2017 03/06/17 Pending -- -- --
05/10/2016 05/10/16 For Sale $125,000 -- $73 / 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
2024 $2,132 $156,700 $20,000 $136,700
2023 $2,086 $156,700 $20,000 $136,700
2022 $1,886 $145,800 $20,000 $125,800
2021 $1,860 $121,400 $20,000 $101,400
2020 $1,778 $113,900 $20,000 $93,900
2019 $1,868 $113,900 $20,000 $93,900
2018 $1,806 $119,500 $20,000 $99,500
2017 $2,078 $116,400 $20,000 $96,400
2016 $1,978 $109,800 $20,000 $89,800
2015 $15 $103,200 $20,000 $83,200
2014 $1,486 $100,700 $20,000 $80,700
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 7011570

REALTOR® Association of Southern Minnesota

APN: R01-09-07-478-007