Fast growing area near Auto Dealer, shopping, medical, apartments & much more! Zoned B-3 Highway Commercial. Additional land available. Frontage on Madison Ave.
Property Details
Property Features
Listing Office:
Office Name: Edina Realty, Inc.
Other
Directions Information:
Directions: Hwy 22 to Madison Ave. East to property on the North side of Madison Ave.
Price Information
Listing Price Info
Price Summary:
List Price: $2,510,000
Tax Information:
Annual Amount: $2,906
Tax Year: 2021
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Mankato, MN.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some or all of the property listings above may have been submitted to the Regional Multiple Listing Service (RMLS) by the listing broker for distribution to cooperating brokers through Broker reciprocity. Attribution of the listing broker may be found on the detail page for all properties. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.
Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited. No part of this search utility may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise. Home sale information is not an appraisal, competitive or comparative market analysis, CMA or home valuation.
DMCA Notice Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 11/17/2024, 11:52:48 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
YEAR
PROP. TAX
ASSESSMENT
2021
$2,906
$1,370,700
2020
$2,986
$1,352,400
2019
$3,064
$1,352,400
2017
$3,590
$297,300
History based on county public records data.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$12.5K
Per Month
Principal & Interest
$12.5K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$7,592
Powered By
Advertisement
NMLS#3030
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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
8
/10
Kennedy Elementary School
2600 E Main St
Distance between this listing and this school1.05 miles
Public District Grades PK-5
6
/10
Washington Elementary School
1100 Anderson Dr
Distance between this listing and this school1.95 miles
Public District Grades PK-5
8
/10
Franklin Elementary School
1000 N Broad St
Distance between this listing and this school2.54 miles
Public District Grades KG-5
Nearby Schools
4
/10
Prairie Winds Middle School
1200 Prairie Winds Dr
Distance between this listing and this school1.27 miles
Public District Grades 6-8
5
/10
Dakota Meadows Middle School
1900 Howard Dr W
Distance between this listing and this school5.31 miles
Public District Grades 6-8
4
/10
St. Peter Middle School
100 Lincoln Dr
Distance between this listing and this school11.19 miles
Public District Grades 5-8
Nearby Schools
5
/10
East High School
2600 Hoffman Rd
Distance between this listing and this school1.21 miles
Public District Grades 9-12
1
/10
Kato Public Charter School
110 N 6th St
Distance between this listing and this school2.69 miles
Public Charter Grades 6-12
1
/10
Central High Area Learning Center
110 Fulton St
Distance between this listing and this school3.41 miles
The neighbors living near this home have an average income of $73,102. Most Mankato, MN residents have annual incomes between $35k-100k. The majority of families are married, no kids. Typical level of education for residents in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 2050 Madison Ave
What is the listing price of this property?
The listing price of 2050 Madison Ave property is $2,510,000.
What type of property is this?
The property 2050 Madison Ave is land located in Mankato, Minnesota, 56001.
Is this property for sale now?
Active Listing: 2050 Madison 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 $2,906 (source: MLS/based on county public records data).
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 2050 Madison Ave in Mankato, MN and zip code 56001. It has been listed on Rocket Homes since September 24, 2024 and is currently priced at $2,510,000.
In October 2024, from all listings sold in Mankato, MN there were more than 4 sold above asking price, over 9 sold below and more than 7 were sold right at the asked price. The number of listings in Mankato, MN increased by 23.5% between September 2024 and October 2024. Listings spent 51 days on the market in October 2024, and had a median list price of $305,000 during the same period.
From Rocket Homes Real Estate and based on county public records data.
Hunting
Hunting
Pro Wrestling
NASCAR
Dick's Sporting Goods
Dillards
Wal-Mart
Texas Roadhouse
Cracker Barrel
Hardee's
Subaru
Cadillac
Ram
New Country
News/Talk/Information
Classic Country