new - 7 days on rocket

1517 Fair St, Mankato, MN, 56001

$249,900

Home List Price

$2,968*

Closing Credit

3 Bedrooms
1 Full Bath
1,075 SqFt
$232/SqFt
House

Location

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1517 Fair St, Mankato$249,900

Buyer Closing Credits

$2,968*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDetached, Concrete
Garage1 space
Year Built1953
HeatingForced Air
CoolingCentral Air
BasementYes
MLS #6640401
StatusActive

About 1517 Fair St

This charming hilltop home in Mankato offers a blend of comfort and convenience. The main floor features a spacious living room with abay window, an eat-in kitchen, two bedrooms with original hardwood floors, and a full bathroom. Upstairs, you'll find a versatile third bedroom withupdated flooring, windows on both sides, and ample storage. The lower level includes a utility room with a 2022 water heater, washer and gas dryerhookups, a utility sink, and additional storage space. A rec room adds extra functionality, complete with a dry bar and a separate toilet closet. There's alsoa cozy office space with a closet and a window. Outside, enjoy the privacy of a fully fenced backyard, a concrete patio, and a storage shed. The home alsofeatures a concrete driveway and an insulated garage. As an added bonus, the seller is offering a $1,500 credit for appliances, making this home anexcellent opportunity!

Property Details

Property Features

Property Information:

  • Year Built: 1953
  • Living Area: 1,075 SqFt

Listing Office:

  • Office Name: Real Broker, LLC

Interior Features

Interior Information:

  • Appliances: Range
  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 3

Exterior Features

Parking Information:

  • Garage Space: 1 space
  • Attached Garage: No
  • Parking: Detached, Concrete

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: Central Air

Other

Directions Information:

  • Directions: Madison Ave to Long St, then left on Fair. Home on your right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $249,900
  • Price Per SqFt: $232/SqFt

Tax Information:

  • Annual Amount: $3,782
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Mankato, MN.

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Mankato, MN

City

Med. Sold Price

$341.5K

Med. Price/SqFt

$181

Avg. Days On Market

68

# of Sold Homes

20

1517 Fair St vs Mankato

7 DAYS ON ROCKET

-61 Days

$249,900

-$91.6K Less

$232/SqFt

+$51 More

KEY TAKEAWAY

This property is $91.6K less than the Median Sold Price and $51/SqFt more than other homes in Mankato, MN.

Based on homes sold in December 2024

MLS Details

MLS Information:

  • MLS Name: NORTHSTAR
  • MLS Number: #6640401

Listing Office:

  • Office Name: Real Broker, LLC

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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/6/2025, 7:22:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$3,782$126,500
2020$3,728$121,000
2019$3,646$121,000
2017$1,104$80,900

History based on county public records data.

Payment Calculator

$1,315

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$816

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-731602
6
/10

  • Washington Elementary School

  • 1100 Anderson Dr

  • 0.36 miles

  • Public District Grades PK-5

school-card-donut-731603
8
/10

  • Kennedy Elementary School

  • 2600 E Main St

  • 0.64 miles

  • Public District Grades PK-5

school-card-donut-731604
8
/10

  • Franklin Elementary School

  • 1000 N Broad St

  • 1.23 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $48,900. Typical income of Mankato, MN residents is between $35k-100k annually. Most families are single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1517 Fair St

What is the listing price of this property?

The listing price of 1517 Fair St property is $249,900.

What type of property is this?

The property 1517 Fair St is a house located in Mankato, Minnesota, 56001.

Is this property for sale now?

Active Listing: 1517 Fair St is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $3,782 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 1517 Fair St has 3 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 1517 Fair St is 1,075 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1517 Fair St is 1953.

Rocket Homes›Minnesota›Blue Earth County›Mankato›56001›1517 Fair St

This home is located at 1517 Fair St in Mankato, MN and zip code 56001. This 1,075 square foot home was built in 1953. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since December 31, 2024 and is currently priced at $249,900.

In December 2024, from all listings sold in Mankato, MN there were more than 3 sold above asking price, over 15 sold below and more than 2 were sold right at the asked price. The number of listings in Mankato, MN decreased by 11.1% between November 2024 and December 2024. The median list price of listings available in December 2024 was $341,500, while the average time on the real estate market was 68 days.

From Rocket Homes Real Estate and based on county public records data.

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