NOT LISTED FOR SALE

604 N 2nd St Unit 604 N second street Mankato, MN 56001

Riverfront Park Neighborhood

Estimated Value: $228,000 - $384,000

8 Beds
4 Baths
2,635 Sq Ft
$124/Sq Ft Est. Value

Last Sold June 01, 2022

Last sale price $390,000 $148 Per Sq Ft

Est. 16% decrease in value since last sale

Current estimated payment $2,190/month

196 Days on Market

Highlights

  • Wood Flooring
  • Corner Lot
  • Porch
  • Franklin Elementary School Rated A
  • 2 Car Detached Garage
  • Forced Air Heating and Cooling System

About This Home

As of June 2022

4 plex with good rental history. In 2013 property was renovated with 4 furnaces, 4 central air units, updated wiring, paint, flooring, windows, and Vinyl siding. Roof is approx. 11 years old. 2 stall detached garage, along with off street parking on the side of the building. Tenant's pay gas and electric. Owner responsible for city bill, lawn care, and snow removal. Lower level has free use of 2 washing machines, and 2 dryers.

Last Agent to Sell the Property

CHAD LUSCOMB

Coldwell Banker River Valley License #20353473 Listed on: 08/18/2021

Coldwell Banker River Valley

Last Buyer's Agent

Corey Paben

Keller Williams Preferred Realty License #40677620

Keller Williams Preferred Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,252

Year Built

  • 1886

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 66x100
  • Corner Lot

Parking

  • 2 Car Detached Garage
  • 1 Parking Space Included

Home Design

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

Interior Spaces

  • 2,635 Sq Ft Home
  • 2-Story Property
  • Wood Flooring

Kitchen

  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Stone Basement
  • Block Basement Construction

Outdoor Features

  • Porch

Location

  • Ground Level
  • Upper Level

Utilities

  • Forced Air Heating and Cooling System
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for broadband, cable TV, electric, fuel
  • The owner pays for lawn, maint/repair, snow, trash, water/sewer
  • Assessor Parcel Number R01.09.07.405.019

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,252

Year Built

1886

Lot Details

0

Parking

2

Listing Details

  • Class: MULTI-FAMILY
  • Classification: NonHomestead
  • Style: 4-plex
  • Construction: Previously Owned
  • Foundation Size: 1251
  • L V T Date: 08/18/2021
  • Mechanicals: Water Heater - Gas
  • Parcel Number: R01.09.07.405.019
  • Price Per Square Foot: 100.36
  • Rental License: Yes
  • Stories: 2 Story
  • Street Designation: Street
  • Taxes With Assessments: 4382
  • Estimated Number of Acres: 0.15
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1886

Interior Features

  • Appliances: Dishwasher, Microwave, Range/Stove, Refrigerator
  • Total Bedrooms: 8
  • Total Bathrooms: 4
  • Basement Features: Unfinished
  • Basement Material: Concrete Block, Stone
  • Basement Style: Full
  • Finished Above Grade Sq Ft: 2635
  • Total Fin Square Footage: 2635
  • Total Square Footage: 3886

Exterior Features

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

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: Corner Lot
  • Estimated Lot Dimensions: 66x100

Rental Info

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 18, 2021
Closed on
Jun 2, 2022
Sold by
Moret Property Llc A Mn Llc
Bought by
Wenner Nathanel
Seller's Agent
CHAD LUSCOMB
Coldwell Banker River Valley
Buyer's Agent
Corey Paben
Keller Williams Preferred Realty
List Price
$425,000
Sold Price
$390,000
Premium/Discount to List
-$35,000
-8.24%
Total Days on Market
196
Current Estimated Value
$327,085

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$62,915
Avg. Annual Appreciation
-5.66%
Original Mortgage
$382,936
Outstanding Balance
$366,480
Interest Rate
5.11%
Mortgage Type
New Conventional
Estimated Equity
-$39,395

Purchase Details

Closed on
Mar 31, 2016
Sold by
Habana Carly
Bought by
Moret Property Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$252,000
Interest Rate
3.64%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 29, 2013
Sold by
Hsbc Bank Usa National Association
Bought by
Habana Carly

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$86,400
Interest Rate
3.38%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 27, 2012
Sold by
Strand Heather Lynn
Bought by
Hsbc Bank Usa National Association
Source: Public Records

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Range of Values:

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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
Wenner Nathanel $390,000 --
Moret Property Llc $315,000 --
Habana Carly $84,900 Change Of Title Inc
Hsbc Bank Usa National Association $176,522 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wenner Nathanel $382,936
Previous Owner Moret Property Llc $252,000
Previous Owner Mid States Holdings Llc $174,400
Previous Owner Mid States Holdingd Llc $86,400
Previous Owner Strand Heather Lynn $168,000
Previous Owner Strand Heather Lynn $42,000
Previous Owner Carrera Carlos A $149,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/01/2022 06/01/22 Sold $390,000 +1.3% $148 / Sq Ft
03/02/2022 03/02/22 Pending -- -- --
02/23/2022 02/23/22 Price Changed $385,000 -3.7% $146 / Sq Ft
12/06/2021 12/06/21 Price Changed $399,900 -3.6% $152 / Sq Ft
11/18/2021 11/18/21 Price Changed $415,000 -2.4% $157 / Sq Ft
08/18/2021 08/18/21 For Sale $425,000 -- $161 / 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 $4,252 $383,200 $28,100 $355,100
2023 $4,100 $383,200 $28,100 $355,100
2022 $4,796 $354,200 $28,100 $326,100
2021 $4,382 $310,800 $28,100 $282,700
2020 $4,368 $281,800 $28,100 $253,700
2019 $3,714 $281,800 $28,100 $253,700
2018 $3,628 $238,900 $28,100 $210,800
2017 $3,266 $235,200 $33,000 $202,200
2016 $3,264 $219,900 $33,000 $186,900
2015 $32 $220,300 $33,000 $187,300
2014 $2,820 $220,300 $33,000 $187,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 7027918

REALTOR® Association of Southern Minnesota

APN: R01-09-07-405-019