$178,800
SOLD JUL 31, 2025

103 1st St SE New Richland, MN 56072

6 Beds
2 Baths
2,411 Sq Ft
5,227 Sq Ft Lot

Recently Sold

$74 Per Sq Ft

6% Above List Price

118 Days on Market

About This Home

As of July 2025

Make your next move with this 2-unit duplex, offering a prime opportunity for both homeowners and investors. Whether you choose to live in one unit and rent out the other, lease both for steady cash flow, or create the perfect setup for extended family, this property provides flexibility. Each unit features over 1,000 sq feet, 3 bedrooms, in-unit washer and dryer, newer carpeting, and convenient public parking right out front. The garage, currently assigned to the lower unit, can be used however best it fits your needs. Don’t miss this chance to own this property!

Last Agent to Sell the Property

Matthew Kern

RE/MAX Venture Listed on: 02/21/2025

RE/MAX Venture

Last Buyer's Agent

Matthew Kern

RE/MAX Venture Listed on: 02/21/2025

RE/MAX Venture

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,082

Year Built

  • Built in 1876

Lot Details

  • Lot Dimensions are 53 x 100

Parking

  • 1 Car Garage

Home Design

  • Duplex

Interior Spaces

  • 2,411 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Bathrooms

Utilities

  • Forced Air Heating System
  • 100 Amp Service

Community Details

  • 2 Units
  • Village/New Richland Subdivision

Listing and Financial Details

  • Tenant pays for all utilities, trash collection
  • The owner pays for insurance, taxes
  • Assessor Parcel Number 151000630

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,082

Year Built

Built in 1876

Lot Details

0

Parking

1

Listing Details

  • Type: Residential Income
  • Property Subtype 1: Duplex Up and Down
  • Garage Spaces: 1
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Year Built: 1876
  • Above Grade Finished Sq Ft: 2411
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Unfinished
  • Living Area: 2411
  • Owner Pays: Insurance, Taxes
  • Basement YN: Yes
  • Appliances: Range
  • Total Rooms: 8
  • Appliances: Range
  • Total Rooms: 6

Beds/Baths

  • Total Bedrooms: 6

Exterior Features

  • Roof: Asphalt
  • ConstructionMaterialsDesc: Stone

Garage/Parking

  • Parking Features: Detached
  • Garage Square Feet: 320

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • Electric: Circuit Breakers, 100 Amp Service
  • Fuel: Natural Gas
  • Number of Ranges: Two

Schools

  • Junior High Dist: N.R.H.E.G.
  • SchoolDistrictNumber: 2168
  • SchoolDistrictPhone: 507-465-3205

Lot Info

  • Lot Size: 53 x 100
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Residential-Multi-Family
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Vinyl Siding
  • Units Total: 2

Rental Info

  • Expenses: 0.0000

Tax Info

  • Tax Year: 2024
  • Assessor Parcel Number: 151000630
  • Tax Annual Amount: 2082
  • TaxWithAssessments: 2082.0000

Multi Family

  • TenantPays: All Utilities, Trash Collection
  • Number Of Refrigerators: Two

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 21, 2025
Closed on
Jul 31, 2025
Sold by
Jwd Holdings Llc
Bought by
Mcginnis John and Dockery Thomas
Seller's Agent
Matthew Kern
RE/MAX Venture
Buyer's Agent
Matthew Kern
RE/MAX Venture
List Price
$169,000
Sold Price
$178,800
Premium/Discount to List
$9,800
5.8%
Views
88

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-45.66%
Original Mortgage
$165,852
Outstanding Balance
$165,852
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
-$680

Purchase Details

Listed on
Jun 23, 2022
Closed on
Aug 1, 2022
Sold by
Arnoldt Kimberly and Jenson Sherri
Bought by
Jwd Holdings Llc
Seller's Agent
TRACI SCHUCH
Waseca Realty
Buyer's Agent
TRACI SCHUCH
Waseca Realty
List Price
$129,500
Sold Price
$117,000
Premium/Discount to List
-$12,500
-9.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.18%

Purchase Details

Closed on
Sep 28, 2017
Sold by
Hoffman Jesse Jesse
Bought by
Arnoldt Kimberly Kimberly and Jenson Sherri Sherri

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,500
Interest Rate
3.89%

Purchase Details

Closed on
Feb 7, 2011
Sold by
State Bank Of New Richland
Bought by
Hoffman Jesse R

Purchase Details

Closed on
Aug 26, 2010
Sold by
Swenson Joyce L and Swenson Jocelyn
Bought by
State Bank Of New Richland
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Deed $178,800 --
Deed $117,000 --
Deed $76,500 --
Deed $76,500 None Available
Warranty Deed -- --
Warranty Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $165,852 New Conventional
Previous Owner $76,500 No Value Available
Previous Owner $85,000 Future Advance Clause Open End Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2025 07/31/25 Sold $178,800 +5.8% $74 / Sq Ft
06/19/2025 06/19/25 Pending -- -- --
02/21/2025 02/21/25 For Sale $169,000 +44.4% $70 / Sq Ft
08/01/2022 08/01/22 Sold $117,000 -9.7% $52 / Sq Ft
07/01/2022 07/01/22 Pending -- -- --
06/23/2022 06/23/22 For Sale $129,500 -- $57 / Sq Ft
Source: NorthstarMLS

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
2023 $2,082 $128,500 $14,700 $113,800
2022 $2,234 $124,800 $10,600 $114,200
2021 $2,098 $104,200 $8,800 $95,400
2020 $2,194 $96,800 $8,200 $88,600
2019 $1,804 $96,800 $8,200 $88,600
2018 $1,118 $85,600 $7,200 $78,400
2017 $1,348 $52,600 $4,213 $48,387
2016 $1,146 $52,600 $4,213 $48,387
2015 -- $42,400 $3,958 $38,442
2012 -- $27,900 $7,100 $20,800
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: NorthstarMLS

MLS Number: 6672738

NorthstarMLS

APN: 15.100.0630