NOT LISTED FOR SALE

802 Chapman St Mankato, MN 56001

Estimated Value: $198,000 - $262,973

7 Beds
3 Baths
1,500 Sq Ft
$157/Sq Ft Est. Value

Last Sold February 14, 2022

Last sale price $160,000 $107 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $1,490/month

103 Days on Market

Highlights

  • Eat-In Kitchen
  • Patio
  • Forced Air Heating and Cooling System
  • Roosevelt Elementary School Rated A-
  • Landscaped with Trees

About This Home

As of February 2022

Welcome to this 7 bedroom, 3 bathroom Cottage Style rental property located in the township of South Bend. The home offers two separate rentals that are currently leased until next year. The bottom unit has a private entrance with 3 bedrooms and 1 full bathroom. The top unit has 4 bedrooms and 2 bathrooms including two on the main floor, and two upstairs with a shared laundry space. This property offers a spacious back yard, and convenient location. You won’t want to miss out on this great investment opportunity! Call today for your private showing.

Last Agent to Sell the Property

George Jorgenson-Massad

Keller Williams Realty Integrity Lakes License #40487187 Listed on: 08/19/2021

Keller Williams Realty Integrity Lakes

Last Buyer's Agent

Non Member

Non-Member

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,382

Year Built

  • Built in 1958

Lot Details

  • 9,583 Sq Ft Lot
  • Lot Dimensions are 80x115
  • Landscaped with Trees

Home Design

  • 1,500 Sq Ft Home
  • Duplex
  • Frame Construction
  • Asphalt Shingled Roof
  • Stone Exterior Construction

Kitchen

  • Eat-In Kitchen
  • Range
  • Dishwasher

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Bathrooms

Finished Basement

  • Basement Fills Entire Space Under The House
  • Block Basement Construction
  • Basement Window Egress

Parking

  • 2 Parking Spaces Included
  • Gravel Driveway
  • Shared Driveway
  • On-Street Parking
  • Off-Street Parking

Utilities

  • Forced Air Heating and Cooling System
  • Gas Water Heater

Additional Features

  • Patio
  • Lower Level

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for broadband, cable TV, electric, fuel
  • The owner pays for fuel, water/sewer
  • Month-to-Month Lease Term
  • Assessor Parcel Number R50.08.14.379.001

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,382

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Type: Multi-Family
  • Class: MULTI-FAMILY
  • Classification: NonHomestead
  • Style: Duplex - Up & Down
  • Assessment Balance: 20
  • Assessments: Yes
  • Construction: Previously Owned
  • Foundation Size: 1176
  • L V T Date: 08/19/2021
  • Mechanicals: Water Heater - Gas
  • Parcel Number: R50.08.14.379.001
  • Price Per Square Foot: 59.79
  • Projected Closed Date: 02/14/2022
  • Rental License: Yes
  • Stories: 1.25 - 1.75 Story
  • Street Designation: Street
  • Taxes With Assessments: 2402
  • Estimated Number of Acres: 0.22
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher, Range/Stove, Refrigerator
  • Total Bedrooms: 7
  • Total Bathrooms: 3
  • Basement Features: Egress Windows, Finished
  • Basement Material: Concrete Block
  • Basement Style: Full
  • Finished Above Grade Sq Ft: 1500
  • Total Square Footage: 2676
  • Below Grade Finished Sq Ft: 1050

Exterior Features

  • Frontage Road: Paved
  • Construction Type: Frame/Wood
  • Exterior: Stone
  • Roof: Asphalt Shingles
  • Exterior Amenities: Driveway - Gravel, Driveway - Shared, Patio

Garage/Parking

  • Number Off Street Parking: 4

Utilities

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

Schools

  • School District: Mankato #77

Lot Info

  • Lot/Land Description: Tree Coverage - Medium, Paved Streets
  • Estimated Lot Dimensions: 80x115

Rental Info

  • Owner Expense: Fuel, Water/Sewer
  • Tenant Expense: Broadband, Cable TV, Electric, Fuel
  • Type of Tenancy: One Year Lease, Month to Month

Building Info

  • Year Built: 1958

Tax Info

  • Year: 2021
  • Tax Value: 2382

MLS Schools

  • School District: Mankato #77

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 19, 2021
Closed on
Feb 14, 2022
Sold by
Boyer-Kern Erika and Richardson Kristin
Bought by
Kr Rentals Llc
Seller's Agent
George Jorgenson-Massad
Keller Williams Realty Integrity Lakes
Buyer's Agent
Non Member
Non-Member
List Price
$189,000
Sold Price
$160,000
Premium/Discount to List
-$29,000
-15.34%
Current Estimated Value
$235,743

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$75,743
Avg. Annual Appreciation
11.14%
Original Mortgage
$128,000
Outstanding Balance
$118,872
Interest Rate
3.56%
Mortgage Type
New Conventional
Estimated Equity
$116,871

Purchase Details

Listed on
Nov 9, 2018
Closed on
Feb 19, 2019
Sold by
Blue Ribbon Properties Llc
Bought by
Boyer Kern Erika and Richardson Kristin
Seller's Agent
Karla Van Eman
AMERICAN WAY REALTY
Buyer's Agent
Angie VanEman Lynch
AMERICAN WAY REALTY
List Price
$160,000
Sold Price
$160,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.00%
Original Mortgage
$128,000
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 13, 2013
Sold by
Erickson Harley
Bought by
Blue Ribbon Properties Llc
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Kr Rentals Llc $160,000 --
Boyer Kern Erika $160,000 None Available
Blue Ribbon Properties Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kr Rentals Llc $128,000
Previous Owner Boyer Kern Erika $128,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/14/2022 02/14/22 Sold $160,000 0.0% $107 / Sq Ft
01/01/2022 01/01/22 Off Market $160,000 -- --
10/18/2021 10/18/21 Price Changed $169,000 -5.6% $113 / Sq Ft
09/08/2021 09/08/21 Price Changed $179,000 -5.3% $119 / Sq Ft
08/19/2021 08/19/21 For Sale $189,000 +18.1% $126 / Sq Ft
02/19/2019 02/19/19 Sold $160,000 0.0% $63 / Sq Ft View Prior Sale
02/09/2019 02/09/19 Off Market $160,000 -- --
02/07/2019 02/07/19 Price Changed $160,000 0.0% $63 / Sq Ft
02/07/2019 02/07/19 For Sale $160,000 0.0% $63 / Sq Ft
12/21/2018 12/21/18 Off Market $160,000 -- --
12/18/2018 12/18/18 For Sale $167,000 +4.4% $65 / Sq Ft
12/01/2018 12/01/18 Off Market $160,000 -- --
11/09/2018 11/09/18 For Sale $167,000 -- $65 / 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 $2,854 $241,000 $22,700 $218,300
2024 $2,854 $225,000 $22,700 $202,300
2023 $2,796 $236,100 $22,700 $213,400
2022 $2,490 $215,600 $22,700 $192,900
2021 $2,402 $170,700 $22,700 $148,000
2020 $2,220 $153,100 $16,200 $136,900
2019 $1,968 $153,100 $16,200 $136,900
2018 $1,664 $152,400 $16,200 $136,200
2017 $1,516 $136,300 $16,200 $120,100
2016 $1,420 $131,400 $16,200 $115,200
2015 $14 $121,500 $16,200 $105,300
2014 $1,478 $121,700 $16,200 $105,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 7027930

REALTOR® Association of Southern Minnesota

APN: R50-08-14-379-001