Seller's Agent in 2024
April Femrite
True Commercial, LLC
(507) 381-2969
1 in this area
16 Total Sales
729 N Broad St Mankato, MN 56001
Washington Park NeighborhoodEstimated Value: $236,512
4
Beds
4
Baths
2,421
Sq Ft
$98/Sq Ft
Est. Value
Highlights
- Wood Flooring
- Community Garden
- Water Softener is Owned
- Franklin Elementary School Rated A
- Porch
- Ceiling Fan
About This Home
As of July 2024Solid 4-plex rental in the heart of downtown Mankato. No basement water issues with all this rain! Many newer updates including new steel siding in 2020, high efficiency boiler heater in 2018, new water heater in 2021, new soffits and downspouts, steps/landing to upstairs unit, and a new sewer line. Steel roof was seal coated approximately 10 years ago. $2,365 in monthly rental income with 3 of the tenants looking to stay long term. One of the units will become vacant on Sept 1. Opportunity to increase income by raising rent and/or adding on-site coin laundry. Each unit has it's own boiler zone and separate electric meter. Tenant pays for electric and internet. Currently, landlord pays for garbage, recycling, water, sewer and gas.
Last Agent to Sell the Property
True Commercial, LLC License #40673070 Listed on: 06/22/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,844
Year Built
- Built in 1886
Lot Details
- 6,098 Sq Ft Lot
- Lot Dimensions are 66 x 91.5
Parking
- On-Street Parking
Home Design
- Quadruplex
- Studio
- Frame Construction
- Metal Roof
- Steel Siding
- Stucco Exterior
Interior Spaces
- 2,421 Sq Ft Home
- 2-Story Property
- Ceiling Fan
- Wood Flooring
Kitchen
- Range
- Freezer
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Bathrooms
Basement
- Basement Fills Entire Space Under The House
- Stone Basement
Outdoor Features
- Porch
Utilities
- Window Unit Cooling System
- Boiler Heating System
- Electric Water Heater
- Water Softener is Owned
- High Speed Internet
Community Details
- 4 Units
- Community Garden
- Gross Income $28,380
Listing and Financial Details
- Tenant pays for broadband, cable TV, electric, janitorial
- The owner pays for fuel, lawn, maint/repair, snow, trash, water/sewer
- Month-to-Month Lease Term
- Assessor Parcel Number R01.09.07.430.001
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 22, 2024
Closed on
Jul 31, 2024
Sold by
Pursifull Mark and Pursifull Petra
Bought by
Hussong Thomas and Hussong Rebecca
Seller's Agent
April Femrite
True Commercial, LLC
Buyer's Agent
Peter Martin
REAL BROKER, LLC
List Price
$210,000
Sold Price
$230,001
Premium/Discount to List
$20,001
9.52%
Views
15
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
$6,511
Avg. Annual Appreciation
2.64%
Original Mortgage
$172,501
Outstanding Balance
$171,012
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
$65,500
Purchase Details
Closed on
Jul 10, 2018
Sold by
Houle Sarah Lenore and Findley Benjamin Joseph
Bought by
Houle Sarah Lenore
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Hussong Thomas | $230,001 | -- | |
| Houle Sarah Lenore | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Hussong Thomas | $172,501 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/31/2024 07/31/24 | Sold | $230,001 | +9.5% | $95 / Sq Ft |
| 07/01/2024 07/01/24 | Pending | -- | -- | -- |
| 06/24/2024 06/24/24 | For Sale | $210,000 | -8.7% | $87 / Sq Ft |
| 06/22/2024 06/22/24 | Off Market | $230,001 | -- | -- |
Source: REALTOR® Association of Southern Minnesota
Tax History Compared to Growth
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 | $2,904 | $220,000 | $26,700 | $193,300 |
| 2024 | $2,904 | $209,500 | $26,700 | $182,800 |
| 2023 | $2,776 | $209,500 | $26,700 | $182,800 |
| 2022 | $3,000 | $194,500 | $26,700 | $167,800 |
| 2021 | $2,728 | $173,600 | $26,700 | $146,900 |
| 2020 | $2,720 | $154,700 | $26,700 | $128,000 |
| 2019 | $2,452 | $154,700 | $26,700 | $128,000 |
| 2018 | $2,726 | $137,000 | $26,700 | $110,300 |
| 2017 | $2,494 | $156,000 | $30,200 | $125,800 |
| 2016 | $2,488 | $146,400 | $30,200 | $116,200 |
| 2015 | $29 | $146,400 | $30,200 | $116,200 |
| 2014 | $2,676 | $146,400 | $30,200 | $116,200 |
Source: Public Records
Agents Affiliated with this Home
-
April Femrite
-
Peter Martin
Buyer's Agent in 2024
Peter Martin
REAL BROKER, LLC
(507) 202-7536
1 in this area
28 Total Sales
Map
Source: REALTOR® Association of Southern Minnesota
MLS Number: 7035263
APN: R01-09-07-430-001
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