new - 7 days on rocket

1518 3rd Ave, Mankato, MN, 56001

$159,900

Home List Price

$1,899*

Closing Credit

2 Bedrooms
1 Full Bath
1,408 SqFt
$114/SqFt
House

Location

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1518 3rd Ave, Mankato$159,900

Buyer Closing Credits

$1,899*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDetached, Asphalt
Garage1 space
Year Built1876
HeatingForced Air
CoolingCentral Air
BasementYes
MLS #6643215
StatusActive

About 1518 3rd Ave

Step into this charming and affordable 2-bedroom home, thoughtfully updated for your convenience, including a brand-new air conditioner. An additional room, currently used as an office, offers versatility and could easily serve as a third bedroom. The spacious basement provides plenty of storage, while the prime location near Madison Avenue, Riverfront Drive, and Highway 14 ensures you're just minutes from anywhere in Mankato or North Mankato. Plus, a nearby neighborhood park features a basketball court, playground, and expansive green space for outdoor fun. Don’t miss your chance — schedule your showing today!

Property Details

Property Features

Property Information:

  • Year Built: 1876
  • Living Area: 1,408 SqFt

Listing Office:

  • Office Name: eXp Realty

Interior Features

Interior Information:

  • Appliances: Dryer, Microwave, Range, Refrigerator, Washer
  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Exterior Features

Parking Information:

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

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: Central Air

Other

Directions Information:

  • Directions: From Riverfront Dr turn onto 3rd Ave. Property will be on the left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $159,900
  • Price Per SqFt: $114/SqFt

Tax Information:

  • Annual Amount: $2,022
  • 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

1518 3rd Ave vs Mankato

7 DAYS ON ROCKET

-61 Days

$159,900

-$181.6K Less

$114/SqFt

-$67 Less

KEY TAKEAWAY

This property is $181.6K less than the Median Sold Price and $67/SqFt less than other homes in Mankato, MN.

Based on homes sold in December 2024

MLS Details

MLS Information:

  • MLS Name: NORTHSTAR
  • MLS Number: #6643215

Listing Office:

  • Office Name: eXp Realty

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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

Listing History

Aug 24, 2012Home Sold
$80,000
Aug 24, 2012Home Sold
$89,927

Tax History

YEARPROP. TAXASSESSMENT
2021$2,022$101,900
2020$1,964$93,600
2019$1,946$93,600
2017$1,036$52,000

History based on county public records data.

Payment Calculator

$866

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$546

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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-727022
8
/10

  • Franklin Elementary School

  • 1000 N Broad St

  • 0.44 miles

  • Public District Grades KG-5

school-card-donut-727023
7
/10

  • Bridges Community Elementary School

  • 320 Garfield Ave

  • 0.82 miles

  • Public District Grades KG-5

school-card-donut-727024
5
/10

  • Monroe Elementary School

  • 441 Monroe Ave

  • 0.89 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 $34,647. Typical income of Mankato, MN residents is less than $35k annually. Most families are single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1518 3rd Ave

What is the listing price of this property?

The listing price of 1518 3rd Ave property is $159,900.

What type of property is this?

The property 1518 3rd Ave is a house located in Mankato, Minnesota, 56001.

Is this property for sale now?

Active Listing: 1518 3rd Ave 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 $2,022 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on August 24, 2012 for $80,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 1518 3rd Ave has 2 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 1518 3rd Ave is 1,408 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1518 3rd Ave is 1876.

Rocket Homes›Minnesota›Blue Earth County›Mankato›56001›1518 3rd Ave

This home is located at 1518 3rd Ave in Mankato, MN and zip code 56001. This 1,408 square foot home was built in 1876. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since December 30, 2024 and is currently priced at $159,900.

While more than 3 listings in Mankato, MN in December 2024 were sold above asking price, there were more than 2 listings sold at asking price, and more than 15 were sold below. The number of homes for sale in Mankato, MN decreased by 11.1% between November 2024 and December 2024. In December 2024, listings were on the market for 68 days. During the same period, the median list price in this real estate market was $341,500.

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

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