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120 Palmer Path, Mankato, MN, 56001

2beds
2baths
1,357sqft
$274,900
$203price/sqft
$2,067/moest. monthly cost
$82,680/yrincome needed

About This Home

If you’ve been looking to simplify without sacrificing comfort, this thoughtfully designed one-level townhome in Mankato is one you won’t want to miss. Offering two bedrooms, two bathrooms, and a dedicated laundry space, the layout is designed for both functionality and everyday ease. The home features a warm, inviting layout filled with natural light and a seamless flow between the living, dining, and kitchen spaces. Whether you're enjoying a morning at home or hosting family and friends, the layout is both practical and comfortable for daily living. A generous outdoor area just off the front entrance offers additional space to enjoy fresh air and the changing seasons—without the upkeep of a larger yard. Lawn care and snow removal are handled by the association, allowing for a truly low-maintenance lifestyle. Conveniently located near local amenities, walking paths, and everything Mankato has to offer, this home blends comfort, convenience, and simplicity in all the right ways.

Getting Around

15
WalkingCar-Dependent
0
TransitVery Limited Transit
52
BikeBikeable

Schools

9/10
5/10
6/10

Construction

Condition

  • Property condition: Previously Owned
  • Year built: 2007

Materials

  • Foundation: Slab
  • Roof: Asphalt
  • Construction materials: Frame/Wood,Stone,Vinyl Siding

Type & Style

  • Home type: Townhouse
  • Property subType: Condo/Twnhouse/Twin/Patio,Townhouse

Interior

Appliances

  • Appliances included: Dishwasher,Dryer,Microwave,Range,Refrigerator,Washer,Electric Water Heater,Water Softener Owned
  • Laundry features: Main Level

Basement

  • Has basement: Yes
  • Basement: Concrete

Bedroom

  • Level: Main
  • Area: 187.5

Bedroom1

  • Level: Main
  • Area: 118.795

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 2
  • Full bathrooms: 1
  • 3/4 bathrooms: 1
  • Main level bathrooms: 2
  • Main level bedrooms: 2

Dining Room

  • Features: Eat-in Kitchen

Features

  • Bath Description: Main Floor 3/4 Bath,Main Floor Full Bath,Main Floor Bedrooms
  • Finished area below ground: 0
  • Finished area above ground: 1,357

Heating & Cooling

  • Heating features: Forced Air,Natural Gas
  • Cooling features: Central Air

Interior Area

  • Total structure area: 1,357
  • Total interior livable area: 1,357 sqft

Kitchen

  • Level: Main
  • Area: 262.5

Living Room

  • Level: Main
  • Area: 320.775

Property

Accessibility

  • Accessibility features: No Stairs Internal

Details

  • Parcel number: R01.09.03.154.002
  • Attached to another structure: Yes
  • Foundation area: 1357

Features

  • Levels: One
  • Stories: 1

Lot

  • Lot size: 5,662 sqft
  • Features: Few Trees
  • Lot size dimensions: .13 acres

Parking

  • Total spaces: 2
  • Parking features: Concrete,Attached,Garage Door Opener
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveVery High
  • Strong Wind
    Strong WindVery High
  • Winter Weather
    Winter WeatherVery High
  • Hail
    HailRelatively High
  • Tornado
    TornadoRelatively High
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate

How This Home’s Risks Compare

Cold Wave
Strong Wind
Winter Weather
Hail
Tornado
Heat Wave
Inland Flooding

FEMA Declared Disasters in Blue Earth County and Minnesota

Flood
Severe Storm
Straight Line Winds

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,390$16,680
Home Insurance *$201$2,412
Property Taxes $306$3,672
Electricity $170$2,050
Total$2,067$24,804
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$70,868/yr
40% on housing$62,010/yr
45% on housing$55,120/yr

Minnesota FAIR Plan Programs

Minnesota FAIR Plan

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 4,160Commercial: 101
Total Premiums$4.54M
Total Exposure$457.44M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 9.7%
9.7%
0%30.0%
Electricity Growth Rate10-year average: 2.7%
2.7%
0%15.0%
Property Taxes Growth Rate2-year average: 1.5%
1.5%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$203This listing

vs Other Active Listings

Avg $/sqft

ZIP 56001$137
Blue Earth County$134

vs Homes Sold Last Month

Median $/sqft

ZIP 56001
Blue Earth County

Current Market Trends

No market data available for this area

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-03-27Listed for sale$274,900
2024-05-31Sold$254,900
2024-04-28Contingent$254,900
2024-04-25Listed for sale$254,900
2022-09-07Contingent$249,000
2022-08-30Price change$249,000
2022-08-12Listed for sale$259,000
2015-03-24Sold$160,000
2015-03-13Pending sale$164,900
2014-10-21Listed for sale$164,900
2010-06-15Sold$155,000

For Sale by Agent

AgentTara Garbes
BrokerageTrue Real Estate

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