Seller's Agent in 2014
Richard Draheim
WEICHERT REALTORS, COMMUNITY GROUP
(507) 345-1111
191 Total Sales
712 N 2nd St Mankato, MN 56001
Riverfront Park NeighborhoodEstimated Value: $187,783 - $265,000
4
Beds
2
Baths
2,162
Sq Ft
$104/Sq Ft
Est. Value
Highlights
- Corner Lot
- 2 Car Detached Garage
- Ceiling Fan
- Franklin Elementary School Rated A
- Forced Air Heating System
About This Home
As of February 2014Investors dream! Cute duplex that has excellent rental history. Centrally located with a 5 person unrelated rental license, this duplex had a new roof in 2012, has maintenance free brick exterior and newer furnaces and hot water heaters. Upper level is currently rented with the lower level recently vacant but owner is actively searching for a tenant. Exterior doors are keyed individually so the duplex is secure. 2 stall detached garage in the back is used by tenants and included in the monthly rent. (One stall per duplex) Off street and parking lot parking available as well. Fresh paint and carpet on the main level. The basement has separate washer and dryers for each level and utilities are all separately metered which tenants are responsible for. Excellent cash flow and nice cap rate for investors!
Last Agent to Sell the Property
WEICHERT REALTORS, COMMUNITY GROUP Listed on: 01/15/2014
Property Details
Home Type
- Multi-Family
Year Built
- 1891
Lot Details
- 4,792 Sq Ft Lot
- Lot Dimensions are 31x158
- Corner Lot
Parking
- 2 Car Detached Garage
- 3 Parking Spaces Included
- Shared Driveway
- On-Street Parking
- Off-Street Parking
Home Design
- Duplex
- Brick Exterior Construction
- Asphalt Shingled Roof
- Concrete Block And Stucco Construction
Interior Spaces
- 2,162 Sq Ft Home
- 2-Story Property
- Ceiling Fan
- Range
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Bathrooms
Unfinished Basement
- Basement Fills Entire Space Under The House
- Block Basement Construction
Location
- Ground Level
- Upper Level
Utilities
- Forced Air Heating System
Community Details
- 2 Units
- Gross Income $19,200
Listing and Financial Details
- Tenant pays for broadband, cable TV, electric, trash, water/sewer, fuel
- The owner pays for lawn, snow
- Assessor Parcel Number R01.09.07.404.009
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 15, 2014
Closed on
Feb 28, 2014
Sold by
Heartland Home Properties Llc
Bought by
Grosland Steve and Grosland Nancy L
Seller's Agent
Richard Draheim
WEICHERT REALTORS, COMMUNITY GROUP
Buyer's Agent
Rebecca Thate
Re/Max Advantage Plus Mankato
List Price
$134,900
Sold Price
$135,400
Premium/Discount to List
$500
0.37%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$88,796
Avg. Annual Appreciation
4.22%
Original Mortgage
$101,550
Outstanding Balance
$77,000
Interest Rate
4.35%
Mortgage Type
New Conventional
Estimated Equity
$147,196
Purchase Details
Closed on
May 9, 2012
Sold by
Drummer Properties Llc
Bought by
Heartland Home Properties Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Interest Rate
3.99%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
Mar 26, 2012
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Drummer Properties Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Interest Rate
3.99%
Mortgage Type
Future Advance Clause Open End Mortgage
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Grosland Steve | $135,400 | Agstar Title | |
| Heartland Home Properties Llc | -- | None Available | |
| Drummer Properties Llc | -- | Stewart Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Grosland Steve | $101,550 | |
| Previous Owner | Heartland Home Properties Llc | $110,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/28/2014 02/28/14 | Sold | $135,400 | +0.4% | $63 / Sq Ft |
| 01/23/2014 01/23/14 | Pending | -- | -- | -- |
| 01/15/2014 01/15/14 | For Sale | $134,900 | -- | $62 / Sq Ft |
Source: REALTOR® Association of Southern Minnesota
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 | $2,774 | $188,100 | $15,800 | $172,300 |
| 2024 | $2,850 | $205,600 | $15,800 | $189,800 |
| 2023 | $2,718 | $205,600 | $15,800 | $189,800 |
| 2022 | $2,424 | $190,500 | $15,800 | $174,700 |
| 2021 | $2,364 | $156,400 | $15,800 | $140,600 |
| 2020 | $2,252 | $144,600 | $15,800 | $128,800 |
| 2019 | $2,282 | $144,600 | $15,800 | $128,800 |
| 2018 | $2,206 | $146,200 | $15,800 | $130,400 |
| 2017 | $1,994 | $142,500 | $15,800 | $126,700 |
| 2016 | $1,862 | $133,800 | $15,800 | $118,000 |
| 2015 | $17 | $125,100 | $15,800 | $109,300 |
| 2014 | -- | $113,000 | $15,800 | $97,200 |
Source: Public Records
Agents Affiliated with this Home
-
Richard Draheim
-
Rebecca Thate
Buyer's Agent in 2014
Rebecca Thate
RE/MAX
(507) 553-6442
5 in this area
278 Total Sales
Map
Source: REALTOR® Association of Southern Minnesota
MLS Number: 7004312
APN: R01-09-07-404-009
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.
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.
Nearby Homes
- 712 N 2nd St Unit Lower
- 708 N 2nd St
- 704 N 2nd St
- 704 N 2nd St Unit 2
- 704 N 2nd St Unit 1
- 724 N 2nd St
- 119 E Vine St
- 703 N 2nd St
- 717 N 2nd St
- 717 N 2nd St Unit 4
- 719 N 2nd St
- 709 N 2nd St
- 727 N 2nd St
- 622 N 2nd St
- 622 N 2nd St Unit 622 N 2nd Street
- 622 622 N 2nd St
- 212 E Rock St
- 620 N 2nd St
- 620 N Second St
- 620 N Second St Unit 1
Your Personal Tour Guide
Ask me questions while you tour the home.