Seller's Agent in 2014
Richard Draheim
WEICHERT REALTORS, COMMUNITY GROUP
(507) 345-1111
192 Total Sales
712 N 2nd St Mankato, MN 56001
Riverfront Park NeighborhoodEstimated Value: $193,452 - $307,000
4
Beds
2
Baths
2,162
Sq Ft
$111/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
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
Listed on
Jan 15, 2014
Closed on
Feb 28, 2014
Sold by
Bought by
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
$104,463
Avg. Annual Appreciation
4.75%
Original Mortgage
$101,550
Outstanding Balance
$75,166
Interest Rate
4.35%
Mortgage Type
New Conventional
Estimated Equity
$164,697
Purchase Details
Closed on
May 9, 2012
Sold by
Bought by
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
Bought by
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
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Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|
| $135,400 | Agstar Title | ||
| -- | None Available | ||
| -- | Stewart Title |
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 |
|---|---|---|---|
| Open | $101,550 | ||
| Previous Owner | $110,000 |
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 |
|---|---|---|---|---|
| 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
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 | $2,774 | $214,900 | $15,800 | $199,100 |
| 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
280 Total Sales
Map
Source: REALTOR® Association of Southern Minnesota
MLS Number: 7004312
APN: R01-09-07-404-009
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