4 months on rocket

217 Spring St, Mankato, MN, 56001

$465,000

Home List Price

$5,522*

Closing Credit

0 Baths
3,400 SqFt
$137/SqFt
Multi

Location

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217 Spring St, Mankato$465,000

Buyer Closing Credits

$5,522*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
ParkingOn-Street Parking Only
Year Built1881
HeatingForced Air, Space Heater(s)
BasementYes
MLS #6560243
StatusActive

About 217 Spring St

The Property offers a total of four huge units, 3 one-bedroom and 1 three-bedroom unit, for six bedrooms total. Each of the one-bedrooms are over 850 square feet (including 3 season porches), not including the front porches and the patios available to the ground floor units. The 3-bedroom apartment takes up half the second floor and all of the third floor and offers over 1,100 square feet. The basement is only accessed from the exterior and offers secure landlord storage along with coin operated laundry.Owned by the Sellers since 2001, the property is in its best condition ever. Over the years, every facet of the building has been brought up to the best of 21st century standards with the philosophy of: “If it’s worth doing, it’s worth doing right”. From bottom to top: from the new city sewer and water line connections, up to the roof and the brand-new vinyl siding on the porches and everything on the inside: wiring, plumbing, kitchens, baths, appliances, floor coverings, etc.

Property Details

Property Features

Property Information:

  • Year Built: 1881
  • Living Area: 3,400 SqFt

Listing Office:

  • Office Name: Savvy Avenue, LLC

Interior Features

Interior Information:

  • Basement: Yes

Exterior Features

Parking Information:

  • Parking: On-Street Parking Only

Utilities

Utilities Information:

  • Heating: Forced Air, Space Heater(s)

Other

Directions Information:

  • Directions: Heading North on 2nd Street from Main take a right on Spring Street, first building on right across alley from Church

Price Information

Listing Price Info

Price Summary:

  • List Price: $465,000
  • Price Per SqFt: $137/SqFt
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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

$305K

Med. Price/SqFt

$154

Avg. Days On Market

51

# of Sold Homes

20

217 Spring St vs Mankato

134 DAYS ON ROCKET

+83 Days

$465,000

+$160K More

$137/SqFt

-$18 Less

KEY TAKEAWAY

This property is $160K more than the Median Sold Price and $18/SqFt less than other homes in Mankato, MN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NORTHSTAR
  • MLS Number: #6560243

Listing Office:

  • Office Name: Savvy Avenue, LLC

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Last updated on: 11/10/2024, 2:22:47 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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Rate/APR

7.5% / 6.68%

Total Monthly Payment

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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.

Nearby Schools

school-card-donut-821701
8
/10

  • Franklin Elementary School

  • 1000 N Broad St

  • 0.43 miles

  • Public District Grades KG-5

school-card-donut-821702
7
/10

  • Bridges Community Elementary School

  • 320 Garfield Ave

  • 0.72 miles

  • Public District Grades KG-5

school-card-donut-821703
5
/10

  • Monroe Elementary School

  • 441 Monroe Ave

  • 0.86 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 $27,589. Typical income of Mankato, MN residents is less than $35k annually. Typical family type is single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›Minnesota›Blue Earth County›Mankato›56001›217 Spring St

This home is located at 217 Spring St in Mankato, MN and zip code 56001. This 3,400 square foot home was built in 1881. It has been listed on Rocket Homes since June 29, 2024 and is currently priced at $465,000.

While more than 4 listings in Mankato, MN in October 2024 were sold above asking price, there were more than 7 listings sold at asking price, and more than 9 were sold below. Between September 2024 and October 2024, Mankato, MN real estate market has seen increase in the number of listings by 23.5%. While the average time on the market in October 2024 was 51 days, the median list price was $305,000.

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

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