NOT LISTED FOR SALE

Estimated Value: $226,051 - $272,000

7 Beds
2 Baths
2,155 Sq Ft
$119/Sq Ft Est. Value

Sale Details

Date Sold: May 20, 2024

Last sale price $247,000 $115 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $1,598 / mo

18 Days on Market

Highlights

  • Corner Lot
  • Fireplace
  • Forced Air Heating and Cooling System
  • Franklin Elementary School Rated A

About This Home

As of May 2024

Income producing investment property in central Mankato. 7 bedroom duplex with excellent rental history located on corner of North Fourth Street and Madison Avenue. Two units with separate meters. Main level unit is three bedrooms & upper unit is four bedrooms. New roof, new floor coverings, interior painted, new window treatments. Water/sewer, electric and gas are all split and paid by tenants. Currently owner pays garbage and snow removal/lawn care. Washer/dryer available for tenants in basement. Adjoining off street parking for tenants.

Last Agent to Sell the Property

Cara Bishop

TRUE REAL ESTATE Listed on: 04/05/2024

TRUE REAL ESTATE

Last Buyer's Agent

Raice King

Excelsior Realty License #40812586

Excelsior Realty

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,658

Year Built

  • Built in 1911

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 42x105
  • Corner Lot

Parking

  • 2 Parking Spaces Included

Home Design

  • Duplex
  • Frame Construction
  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • 2,155 Sq Ft Home
  • 2-Story Property
  • Fireplace

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 2 Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Stone Basement

Location

  • Ground Level
  • Upper Level

Utilities

  • Forced Air Heating and Cooling System
  • Gas Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • The owner pays for lawn, snow, trash
  • Assessor Parcel Number R01.09.07.429.012

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,658

Year Built

Built in 1911

Lot Details

4,356 Sq Ft Lot

Listing Details

  • Type: Multi-Family
  • Class: MULTI-FAMILY
  • Style: Duplex - Up & Down
  • Construction: Previously Owned
  • Foundation Size: 956
  • L V T Date: 04/05/2024
  • Mechanicals: Water Heater - Gas
  • Parcel Number: R01.09.07.429.012
  • Rental License: Yes
  • Stories: 2 Story
  • Street Designation: Street
  • Estimated Number of Acres: 0.1
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bedrooms: 7
  • Total Bathrooms: 2
  • Basement Material: Stone
  • Basement Style: Full
  • Finished Above Grade Sq Ft: 2155
  • Total Square Footage: 2155

Exterior Features

  • Construction Type: Frame/Wood
  • Exterior: Vinyl
  • Roof: Asphalt Shingles

Garage/Parking

  • Number Off Street Parking: 4

Utilities

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

Lot Info

  • Lot/Land Description: Corner Lot
  • Estimated Lot Dimensions: 42x105

Rental Info

  • Owner Expense: Lawn, Snow, Trash

Building Info

  • Year Built: 1911

Tax Info

  • Year: 2023
  • Tax Value: 2658

MLS Schools

  • School District: Mankato #77

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
Apr 5, 2024
Closed on
May 20, 2024
Sold by
Bought by
Seller's Agent
Cara Bishop
TRUE REAL ESTATE
Buyer's Agent
Raice King
Excelsior Realty
List Price
$259,900
Sold Price
$247,000
Premium/Discount to List
-$12,900
-4.96%
Views
38
Current Estimated Value
$255,763

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$8,763
Avg. Annual Appreciation
1.57%

Purchase Details

Listed on
Jan 8, 2021
Closed on
Mar 31, 2021
Sold by
Bought by
Seller's Agent
Jen True
TRUE REAL ESTATE
Buyer's Agent
Cara Bishop
TRUE REAL ESTATE
List Price
$225,000
Sold Price
$202,500
Premium/Discount to List
-$22,500
-10%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.53%
Original Mortgage
$151,875
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 23, 2011
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
$135,000
Interest Rate
4.23%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jan 18, 2011
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
$93,000
Interest Rate
4.89%
Mortgage Type
Future Advance Clause Open End Mortgage
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$247,000 --
$202,500 None Available
$170,000 --
$93,500 --
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
Previous Owner $301,000
Previous Owner $301,000
Previous Owner $151,875
Previous Owner $116,050
Previous Owner $135,000
Previous Owner $93,000
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 Prior Sale
05/20/2024 05/20/24 Sold $247,000 -5.0% $115 / Sq Ft
04/23/2024 04/23/24 Pending -- -- --
04/05/2024 04/05/24 For Sale $259,900 +28.3% $121 / Sq Ft
03/31/2021 03/31/21 Sold $202,500 -10.0% $94 / Sq Ft View Prior Sale
02/23/2021 02/23/21 Pending -- -- --
01/08/2021 01/08/21 For Sale $225,000 -- $104 / 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 $2,300 $237,000 $18,300 $218,700
2025 $2,300 $210,500 $18,300 $192,200
2024 $2,038 $199,300 $18,300 $181,000
2023 $2,678 $202,300 $18,300 $184,000
2022 $2,442 $187,600 $18,300 $169,300
2021 $2,416 $157,700 $18,300 $139,400
2020 $2,304 $148,100 $18,300 $129,800
2019 $2,704 $148,100 $18,300 $129,800
2018 $2,614 $173,500 $18,300 $155,200
2017 $2,364 $169,100 $18,300 $150,800
2016 $2,204 $158,800 $18,300 $140,500
2015 $21 $148,400 $18,300 $130,100
2014 $2,024 $142,500 $18,300 $124,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 7034589

REALTOR® Association of Southern Minnesota

APN: R01-09-07-429-012

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