NOT LISTED FOR SALE

616 616 N 5th St Mankato, MN 56001

Washington Park Neighborhood

Estimated Value: $211,100 - $243,000

4 Beds
2 Baths
1,622 Sq Ft
$136/Sq Ft Est. Value

Last Sold August 07, 2023

Last sale price $211,000 $130 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $1,406/month

29 Days on Market

Highlights

  • Formal Dining Room
  • Bathroom on Main Level
  • Forced Air Heating and Cooling System
  • Franklin Elementary School Rated A

About This Home

As of August 2023

There are updates throughout the entire home and you will get your first peek at them as you enter the front porch/mudroom area, charming bead board ceiling, and Craftsman-style entry door. The main floor offers original hardwood flooring in the foyer, living room, den/office, dining room, and kitchen as well as an updated 3/4 bathroom with tile shower. Upstairs you will find all 4 bedrooms, updated full bathroom, and new, luxury vinyl tile flooring in all of the bedrooms. One of the bedrooms offers access to the finished attic space - don't forget to take a peek on your tour! New furnace in 2014, new roof in 2015, most windows updated, kitchen expanded and dishwasher added in 2017, and new 5" gutters added. If all of that isn't enough? This property has a current, 5 unrelated rental license! Previous rent was $1900/month with new projected rent of $2,125 and tenants pay ALL utilities including gas, water, garbage, and electric. Don't miss out on this turnkey investment property!

Last Agent to Sell the Property

ZAC MURRA

AMERICAN WAY REALTY Listed on: 06/08/2023

Last Buyer's Agent

Non Member

Non-Member

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,662

Year Built

  • Built in 1923

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 40x125

Home Design

  • Frame Construction
  • Asphalt Shingled Roof
  • Metal Siding

Interior Spaces

  • 1,622 Sq Ft Home
  • Formal Dining Room

Kitchen

  • Range
  • Microwave

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Bathroom on Main Level

Laundry

  • Dryer
  • Washer

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Stone Basement

Parking

  • 1 Car Garage
  • Tuck Under Garage

Utilities

  • Forced Air Heating and Cooling System
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number R01.09.07.476.025

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,662

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Type: Single Family
  • Class: SINGLE FAMILY
  • Classification: Homestead
  • Style: SF Single Family
  • Amenities: Washer/Dryer Hookups
  • Estimated Number of Acres: 0.12
  • Assessment Balance: 1778.05
  • Assessments: Yes
  • Construction: Previously Owned
  • Foundation Size: 696
  • L V T Date: 06/08/2023
  • Mechanicals: Water Heater-Gas
  • Parcel Number: R01.09.07.476.025
  • Price Per Square Foot: 91
  • Rental License: Yes
  • Sold Price Per Sq Ft: 91
  • Stories: 2.25 - 2.75 Story
  • Street Designation: Street
  • Taxes With Assessments: 2616
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Dining Room: Formal Dining Room
  • Appliances: Dryer, Microwave, Range/Stove, Refrigerator, Washer
  • Total Bedrooms: 4
  • Bathroom Description: Main Floor 3/4 Bath, Upper Level Bath
  • Total Bathrooms: 2
  • Three Quarter Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bathrooms: 2
  • Room 1: Living Room, 13x14, On Level: Main
  • Room 2: Dining Room, 11x13, On Level: Main
  • Room 3: Kitchen, 11x9, On Level: Main
  • Room 4: Master Bedroom, 11x14, On Level: Second Floor
  • Room 5: Bedroom, 11x11, On Level: Second Floor
  • Room 6: Bedroom, 7x10, On Level: Second Floor
  • Room 7: 11x7, On Level: Second Floor
  • Room 8: Den/Office, 9x14, On Level: Third Floor
  • Room 9: 4 Season Porch, 13x8, On Level: Main
  • Basement Features: Unfinished
  • Basement Material: Stone
  • Basement Style: Full
  • Finished Above Grade Sq Ft: 1622
  • Tot Above Grade Sq Ft: 1622
  • Total Fin Square Footage: 1622
  • Total Square Footage: 2318
  • Tot Below Grade Sq Ft: 696

Exterior Features

  • Frontage Road: City, Paved, Sidewalk
  • Construction Type: Frame/Wood
  • Exterior: Metal
  • Roof: Asphalt Shingles

Garage/Parking

  • Garage Type: Tuckunder
  • Garage Capacity: 1

Utilities

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

Schools

  • School District: Mankato #77
  • Mankato Schools: Franklin, Mankato East

Lot Info

  • Estimated Lot Dimensions: 40x125

Building Info

  • Year Built: 1923

Tax Info

  • Year: 2023
  • Tax Value: 1662.06

MLS Schools

  • School District: Mankato #77

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 8, 2023
Closed on
Aug 7, 2023
Sold by
Staab Randal and Staab Colton
Bought by
616 5Th Llc
Seller's Agent
ZAC MURRA
AMERICAN WAY REALTY
Buyer's Agent
Non Member
Non-Member
List Price
$209,900
Sold Price
$211,000
Premium/Discount to List
$1,100
0.52%
Total Days on Market
29
Views
246
Current Estimated Value
$221,275

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$10,275
Avg. Annual Appreciation
2.62%
Original Mortgage
$107,850
Outstanding Balance
$105,861
Interest Rate
6.67%
Mortgage Type
New Conventional
Estimated Equity
$115,414

Purchase Details

Closed on
Mar 31, 2021
Sold by
Murra Zachary Lee
Bought by
Staab Colton and Staab Randal

Purchase Details

Closed on
Jul 26, 2017
Sold by
Lembke Tim
Bought by
Murra Zachary Lee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$113,680
Interest Rate
3.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 28, 2014
Sold by
Firle David A and Firle Vicky J
Bought by
Lembke Tim
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
616 5Th Llc $211,000 --
Staab Colton $182,500 None Available
Murra Zachary Lee $142,100 Minnesota River Valley Title
Lembke Tim $100,000 North American Title
Staab Colton Colton $182,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 616 5Th Llc $107,850
Previous Owner Murra Zachary Lee $113,680
Previous Owner Firle David $107,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/07/2023 08/07/23 Sold $211,000 +0.5% $130 / Sq Ft
07/07/2023 07/07/23 Pending -- -- --
06/08/2023 06/08/23 For Sale $209,900 -- $129 / 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 $1,966 $172,200 $18,800 $153,400
2023 $2,616 $174,300 $18,800 $155,500
2022 $2,448 $161,900 $18,800 $143,100
2021 $2,694 $139,400 $18,800 $120,600
2020 $2,614 $130,500 $18,800 $111,700
2019 $2,564 $130,500 $18,800 $111,700
2018 $2,226 $126,100 $18,800 $107,300
2017 $2,066 $122,200 $18,800 $103,400
2016 $1,966 $115,100 $18,800 $96,300
2015 $10 $108,000 $18,800 $89,200
2014 -- $104,000 $18,800 $85,200
Source: Public Records

Agents Affiliated with this Home

  • ZAC MURRA

    Seller's Agent in 2023

    ZAC MURRA

    AMERICAN WAY REALTY

    (507) 381-4543

    5 in this area

    149 Total Sales

    ZAC MURRA
    Section Image

  • N

    Buyer's Agent in 2023

    Non Member

    Non-Member

See All Agents

Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 7032544

REALTOR® Association of Southern Minnesota

APN: R01-09-07-476-025

Minnesota Blue Earth County Mankato 56001 Washington Park

616 616 N 5th St, Mankato, MN

This home is located at 616 616 N 5th St, Mankato, MN 56001 since 08 June 2023 and is currently estimated at $221,275, approximately $136 per square foot. This property was built in 1923. 616 616 N 5th St is a home located in Blue Earth County with nearby schools including Franklin Elementary School, Prairie Winds Middle School, and Mankato East Senior High School.

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