K
Seller's Agent in 2021
Kevin Goettl
RE/MAX Results
520 S 2nd St Mankato, MN 56001
Mankato AreaEstimated Value: $552,937 - $564,000
9
Beds
4
Baths
3,525
Sq Ft
$159/Sq Ft
Est. Value
Highlights
- Attached Garage
- Eat-In Kitchen
- Woodwork
- Washington Elementary School Rated 9+
- Wet Bar
- 1-minute walk to Malda Farnham Park
About This Home
As of May 2021This cash machine has four streams of income. There is a main level five bedroom two and 3/4 bath apartment. The main level unit includes a master suite over the garage. There is an upper level apartment with four bedrooms and one full bath. Both apartments include a washer and dryer. There is off street parking for tenants and guests, plus 14 rented stalls. The double garage is rented separately. The interior has been completely blown out with marble, tile, granite, high end appliances and finishes. There is a private 19x17 patio on the south side of the property. There has been an absolute -0- vacancy rate for the past 17 years. This is a "Turn Key" investment opportunity with signed leases July 31st, 2022. This property is on the city bus route. It's about a half mile to Minnesota State University Mankato campus. The zoning is CBDF, Central Business District Fringe. The garage is a possible conversion. It is fire rated, has its own breaker panel and access to plumbing and sewer.
Last Agent to Sell the Property
Kevin Goettl
RE/MAX Results License #95340 Listed on: 01/20/2021
Last Buyer's Agent
Kevin Goettl
RE/MAX Results License #95340 Listed on: 01/20/2021
Property Details
Home Type
- Multi-Family
Year Built
- 1884
Lot Details
- 10,454 Sq Ft Lot
- Lot Dimensions are 66x157.5
Home Design
- Duplex
- Brick Exterior Construction
- Poured Concrete
- Frame Construction
- Stucco Exterior
Interior Spaces
- 3,525 Sq Ft Home
- 2-Story Property
- Wet Bar
- Woodwork
- Ceiling Fan
- Tile Flooring
- Eat-In Kitchen
- Washer and Dryer Hookup
Bedrooms and Bathrooms
- 9 Bedrooms
- 4 Bathrooms
Basement
- Basement Fills Entire Space Under The House
- Stone Basement
Parking
- Attached Garage
- 2 Parking Spaces Included
- Driveway
- Off-Street Parking
Outdoor Features
- Patio
Location
- Ground Level
- Upper Level
Utilities
- Forced Air Heating and Cooling System
- Baseboard Heating
- Heating System Uses Wood
Community Details
- Gross Income $63,000
Listing and Financial Details
- Assessor Parcel Number R010918106027
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
Closed on
Jul 21, 2014
Sold by
Bought by
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,025,000
Interest Rate
0.0419%
Mortgage Type
Commercial
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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 |
|---|---|---|---|
| -- | St Andrews Andrews |
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 |
|---|---|---|---|
| Closed | $450,000 | ||
| Open | $1,025,000 | ||
| Previous Owner | $259,200 |
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 |
|---|---|---|---|---|
| 05/03/2021 05/03/21 | Sold | $550,000 | 0.0% | $156 / Sq Ft |
| 03/08/2021 03/08/21 | Pending | -- | -- | -- |
| 01/20/2021 01/20/21 | For Sale | $550,000 | -- | $156 / Sq Ft |
Source: REALTOR® Association of Southern Minnesota
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 | $5,260 | $407,600 | $33,700 | $373,900 |
| 2025 | $5,260 | $357,900 | $33,700 | $324,200 |
| 2024 | $5,410 | $391,600 | $33,700 | $357,900 |
| 2023 | $5,680 | $386,100 | $33,700 | $352,400 |
| 2022 | $4,542 | $358,000 | $33,700 | $324,300 |
| 2021 | $4,488 | $256,100 | $33,700 | $222,400 |
| 2020 | $4,310 | $239,900 | $33,700 | $206,200 |
| 2019 | $3,904 | $239,900 | $33,700 | $206,200 |
| 2018 | $3,778 | $251,200 | $33,700 | $217,500 |
| 2017 | $3,420 | $244,900 | $33,700 | $211,200 |
| 2016 | $3,198 | $230,400 | $33,700 | $196,700 |
| 2015 | $30 | $215,900 | $33,700 | $182,200 |
| 2014 | $3,126 | $207,700 | $33,700 | $174,000 |
Source: Public Records
Agents Affiliated with this Home
Map
Source: REALTOR® Association of Southern Minnesota
MLS Number: 7026074
APN: R01-09-18-106-027
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