$230,000
SOLD AUG 8, 2025

1018 1018 S Payne St New Ulm, MN 56073

7 Beds
2 Baths
2,426 Sq Ft
9,583 Sq Ft Lot

Recently Sold

$95 Per Sq Ft

2 Days on Market

Highlights

  • 1 Car Attached Garage
  • Eat-In Kitchen
  • Forced Air Heating and Cooling System
  • New Ulm High School Rated 9+
  • Bathroom on Main Level
  • Water Softener is Owned

About This Home

As of August 2025

Spacious and Versatile Split-Level Home with 7 Bedrooms! This steel-sided split-level home offers room to spread out with 7 bedrooms, 2 bathrooms, and an attached 1-car garage. The upper level features a comfortable living area, kitchen and dining space, along with 3 bedrooms, and a full bath including main floor laundry. Off the kitchen, enjoy a lovely 3-season porch, perfect for relaxing and entertaining. The lower level offers 4 additional bedrooms, a recreation room, and abundant storage throughout. Whether you're looking for flexible living space, room for guests, or dedicated areas for work or hobbies—this home offers plenty of possibilities! Don’t miss this unique opportunity to own a home with room to grow.

Last Agent to Sell the Property

Jennifer Otte

New Ulm Real Estate LLC License #40941566 Listed on: 07/07/2025

Last Buyer's Agent

Non Member

Non-Member

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,526

Year Built

  • Built in 1979

Lot Details

  • 9,583 Sq Ft Lot
  • Lot Dimensions are 60 x 160

Home Design

  • Bi-Level Home
  • Frame Construction
  • Asphalt Shingled Roof
  • Steel Siding

Bedrooms and Bathrooms

  • 7 Bedrooms
  • Bathroom on Main Level

Finished Basement

  • Basement Fills Entire Space Under The House
  • Block Basement Construction
  • Natural lighting in basement

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 1 Car Attached Garage
  • Garage Door Opener

Utilities

  • Forced Air Heating and Cooling System
  • Gas Water Heater
  • Water Softener is Owned

Additional Features

  • Eat-In Kitchen
  • Washer and Dryer Hookup

Listing and Financial Details

  • Assessor Parcel Number 00131000104041

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,526

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Type: Single Family
  • Class: SINGLE FAMILY
  • Classification: Homestead
  • Style: SF Single Family
  • Amenities: Eat-In Kitchen, Garage Door Opener, Washer/Dryer Hookups, Smoke Alarms (L), CO Detectors (L)
  • Estimated Number of Acres: 0.22
  • Construction: Previously Owned
  • Foundation Size: 1170
  • L V T Date: 07/07/2025
  • Mechanicals: Water Heater-Gas, Water Softener-Owned, Circuit Breaker
  • Parcel Number: 00131000104041
  • Price Per Square Foot: 90
  • Projected Closed Date: 08/08/2025
  • Sold Price Per Sq Ft: 91
  • Stories: Bi-Level Split
  • Street Designation: Street
  • Taxes With Assessments: 2526
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Dining Room: Eat-In Kitchen
  • Total Bedrooms: 7
  • Bathroom Description: 3/4 Basement, Main Floor Full Bath
  • Total Bathrooms: 2
  • Three Quarter Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bathrooms: 2
  • Basement Features: Daylight/Lookout Windows, Finished
  • Basement Material: Concrete Block
  • Basement Style: Full
  • Finished Above Grade Sq Ft: 1362
  • Below Grade Finished Sq Ft: 1064
  • Tot Above Grade Sq Ft: 1362
  • Total Fin Square Footage: 2426
  • Total Square Footage: 2532
  • Tot Below Grade Sq Ft: 1170

Exterior Features

  • Construction Type: Frame/Wood
  • Exterior: Steel
  • Roof: Asphalt Shingles

Garage/Parking

  • Garage Type: Attached
  • Garage Capacity: 1

Utilities

  • Cooling: Central
  • Fuel: Electric, Natural Gas
  • Heat: Forced Air
  • Sewer: City
  • Water: City

Schools

  • School District: New Ulm #88

Lot Info

  • Estimated Lot Dimensions: 60 x 160

Building Info

  • Year Built: 1979

Tax Info

  • Year: 2025
  • Tax Value: 2526

MLS Schools

  • School District: New Ulm #88

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 7, 2025
Closed on
Aug 8, 2025
Sold by
Kuster Thomas A and Kuster Judy A
Bought by
Morgenstern Mark and Morgenstern Julie
Seller's Agent
Jennifer Otte
New Ulm Real Estate LLC
Buyer's Agent
Non Member
Non-Member
List Price
$229,000
Sold Price
$230,000
Premium/Discount to List
$1,000
0.44%
Views
323

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
118.41%
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $230,000 On-Site Title Llc
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/08/2025 08/08/25 Sold $230,000 +0.4% $95 / Sq Ft
07/16/2025 07/16/25 Pending -- -- --
07/14/2025 07/14/25 For Sale $229,000 -0.4% $94 / Sq Ft
07/07/2025 07/07/25 Off Market $230,000 -- --
Source: REALTOR® Association of Southern Minnesota

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $2,526 $199,700 $42,600 $157,100
2023 $2,526 $194,300 $42,600 $151,700
2022 $2,406 $173,900 $37,100 $136,800
2021 $2,398 $162,000 $37,100 $124,900
2020 $2,346 $163,000 $37,100 $125,900
2019 $2,252 $159,100 $37,100 $122,000
2018 $2,104 $155,900 $37,100 $118,800
2017 $1,972 $142,700 $37,100 $105,600
2016 $1,734 $122,562 $0 $0
2015 -- $0 $0 $0
2014 -- $0 $0 $0
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 7038003

REALTOR® Association of Southern Minnesota

APN: 00131000104041