NOT LISTED FOR SALE

616 N Broad St Mankato, MN 56001

Riverfront Park Neighborhood

Estimated Value: $245,073 - $276,000

4 Beds
2 Baths
2,358 Sq Ft
$110/Sq Ft Est. Value

Last Sold January 24, 2022

Last sale price $197,500 $84 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $1,685/month

13 Days on Market

Highlights

  • 3 Car Detached Garage
  • Eat-In Kitchen
  • Forced Air Heating System
  • Franklin Elementary School Rated A
  • Woodwork

About This Home

As of January 2022

Attention investors! Charming 4 bedroom, 2 bathroom brick duplex with original character and craftsmanship located in downtown Mankato. Shared main entry. Both units offer large living spaces including living rooms with fireplaces, 2 spacious bedrooms, eat-in kitchens, full bathrooms, and new flooring. Separate utilities and laundry for each unit. 3-stall detached garage. Good rental history – don’t miss this chance!

Last Agent to Sell the Property

ZAC MURRA

AMERICAN WAY REALTY Listed on: 11/19/2021

Last Buyer's Agent

ZAC MURRA

AMERICAN WAY REALTY Listed on: 11/19/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,392

Year Built

  • 1884

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 40x158

Parking

  • 3 Car Detached Garage

Home Design

  • Duplex
  • Brick Exterior Construction
  • Frame Construction
  • Asphalt Shingled Roof

Interior Spaces

  • 2,358 Sq Ft Home
  • 2-Story Property
  • Woodwork
  • Walkup Attic

Kitchen

  • Eat-In Kitchen
  • Range

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Dryer
  • Washer

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Stone Basement

Location

  • Lower Level
  • Upper Level

Utilities

  • Forced Air Heating System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number R01.09.07.409.017

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,392

Year Built

1884

Lot Details

0

Parking

3

Listing Details

  • Class: MULTI-FAMILY
  • Classification: NonHomestead
  • Style: Duplex - Up & Down
  • Construction: Previously Owned
  • Foundation Size: 1179
  • L V T Date: 11/30/2021
  • Mechanicals: Water Heater - Electric
  • Parcel Number: R01.09.07.409.017
  • Price Per Square Foot: 55.84
  • Rental License: Yes
  • Stories: 2 Story
  • Street Designation: Street
  • Taxes With Assessments: 2456
  • Estimated Number of Acres: 0.15
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1884

Interior Features

  • Appliances: Dryer, Range/Stove, Refrigerator, Washer
  • Total Bedrooms: 4
  • Total Bathrooms: 2
  • Basement Features: Unfinished
  • Basement Material: Stone
  • Basement Style: Full
  • Finished Above Grade Sq Ft: 2358
  • Total Fin Square Footage: 2358
  • Total Square Footage: 3537

Exterior Features

  • Frontage Road: City, Curb/Gutters, Sidewalk
  • Construction Type: Frame/Wood
  • Exterior: Brick
  • Roof: Asphalt Shingles

Garage/Parking

  • Garage Type: Detached
  • Number Garage Spaces: 3

Utilities

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

Schools

  • School District: Mankato #77

Lot Info

  • Estimated Lot Dimensions: 40x158

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 19, 2021
Closed on
Jan 18, 2022
Sold by
Riverbend Partners Llc A Minnesota Llc
Bought by
Friesen Properties Llc A Minnesota Llc
Seller's Agent
ZAC MURRA
AMERICAN WAY REALTY
Buyer's Agent
ZAC MURRA
AMERICAN WAY REALTY
List Price
$209,900
Sold Price
$197,500
Premium/Discount to List
-$12,400
-5.91%
Current Estimated Value
$255,928

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$58,428
Avg. Annual Appreciation
7.66%
Original Mortgage
$167,875
Outstanding Balance
$155,549
Interest Rate
3.05%
Mortgage Type
New Conventional
Estimated Equity
$101,129
Source: Public Records

Range of Values:

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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
Friesen Properties Llc A Minnesota Llc $197,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Friesen Properties Llc A Minnesota Llc $167,875
Previous Owner Riverbend Partners Llc $94,152
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/24/2022 01/24/22 Sold $197,500 -5.9% $84 / Sq Ft
12/02/2021 12/02/21 Pending -- -- --
11/19/2021 11/19/21 For Sale $209,900 -- $89 / 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 $3,392 $225,600 $20,400 $205,200
2024 $3,392 $245,000 $20,400 $224,600
2023 $2,924 $236,900 $20,400 $216,500
2022 $2,612 $205,000 $20,400 $184,600
2021 $2,546 $168,600 $20,400 $148,200
2020 $2,428 $156,100 $20,400 $135,700
2019 $3,048 $156,100 $20,400 $135,700
2018 $2,962 $165,900 $20,400 $145,500
2017 $2,726 $161,700 $20,400 $141,300
2016 $2,578 $152,000 $20,400 $131,600
2015 $25 $142,300 $20,400 $121,900
2014 $2,308 $136,800 $20,400 $116,400
Source: Public Records

Agents Affiliated with this Home

  • ZAC MURRA

    Seller's Agent in 2022

    ZAC MURRA

    AMERICAN WAY REALTY

    (507) 381-4543

    3 in this area

    152 Total Sales

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Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 7028700

REALTOR® Association of Southern Minnesota

APN: R01-09-07-409-017

Minnesota Blue Earth County Mankato 56001 Riverfront Park

616 N Broad St, Mankato, MN

This home is located at 616 N Broad St, Mankato, MN 56001 since 19 November 2021 and is currently estimated at $260,518, approximately $110 per square foot. This property was built in 1884. 616 N Broad 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.

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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