NOT LISTED FOR SALE

28 1st Ave NW New London, MN 56273

Estimated Value: $334,000 - $397,000

4 Beds
1.5 Baths
2,677 Sq Ft
$136/Sq Ft Est. Value

Last Sold February 17, 2023

Last sale price $400,000 $149 Per Sq Ft

Est. 9% decrease in value since last sale

Current estimated payment $2,376/month

113 Days on Market

Highlights

  • Multiple Garages
  • No HOA
  • Porch
  • Prairie Woods Elementary School Rated 9+
  • Home Office
  • 5 Car Attached Garage

About This Home

As of February 2023

Historic New London Estate. 1.84 Acres nestled into the “City on the pond.” Heated triple stall detached garage with office and shop space, attached two stall garage with bonus room storage. Classic 4 Bedroom, 1 & ½ bath air conditioned home features a Large Kitchen, living room, dining room and office on the main floor. Two staircases to all the bedrooms on one level and another staircase to an attic. Official county historical designation. Homesteaded in 1865 by the founder of New London. Located one block off a thriving main street yet retaining a very private country feel. The city is situated on the Crow River and scenic Glacial Ridge Trail. The rich history of this home is acknowledged in newspaper clippings, tourist magazines and a town celebration open house that was held in 2015 to honor the 150th anniversary. Aside from the rich past and charming character, the surrounding area offers many wonderful amenities. 20 local lakes within 20 minutes. Do not miss the 3D Tour.

Last Agent to Sell the Property

Justin Paffrath

Edina Realty Listed on: 09/28/2022

Edina Realty

Co-Listed By

Angela Paffrath

Edina Realty

Last Buyer's Agent

JOANNE MARQUARDT

LPT Realty, LLC

LPT Realty, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,376

Year Built

  • Built in 1865

Lot Details

  • 1.84 Acre Lot
  • Lot Dimensions are 250x300
  • Few Trees
  • Additional Parcels

Parking

  • 5 Car Attached Garage
  • Multiple Garages
  • Heated Garage
  • Insulated Garage
  • Driveway

Interior Spaces

  • 2,677 Sq Ft Home
  • 2-Story Property
  • Gas Fireplace
  • Family Room
  • Living Room with Fireplace
  • Dining Room
  • Home Office
  • Utility Room
  • Laundry Room
  • Unfinished Basement
  • Partial Basement

Bedrooms and Bathrooms

  • 4 Bedrooms

Outdoor Features

  • Porch

Utilities

  • Central Air
  • Hot Water Heating System
  • Boiler Heating System
  • Radiant Heating System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 609100220

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,376

Year Built

Built in 1865

Lot Details

0

Parking

5

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: Central Air
  • Garage Spaces: 5
  • Accessibility Features: None
  • Fireplaces: 1
  • Water Source: City Water/Connected
  • Year Built: 1865
  • Above Grade Finished Sq Ft: 2677
  • Unit Levels: More Than 2 Stories
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Basement: Partial, Unfinished
  • Fireplace Features: Gas, Living Room
  • Living Area: 2677
  • Fireplace: Yes
  • Basement YN: Yes
  • Dining Room Type: Living Room, Dining Room, Family Room, Kitchen, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Four Season Porch, Laundry, Study, Utility Room
  • SqFtTotal: 4908.00

Beds/Baths

  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 4

Exterior Features

  • Roof: Asphalt
  • Other Structures: Additional Garage
  • ConstructionMaterialsDesc: Brick,Frame

Garage/Parking

  • Parking Features: Attached Garage, Detached, Asphalt, Driveway - Other Surface, Heated Garage, Insulated Garage, Multiple Garages

Utilities

  • Heating: Boiler, Hot Water, Radiant
  • Sewer: City Sewer/Connected
  • Electric: Other
  • Fuel: Natural Gas

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: New London-Spicer
  • SchoolDistrictPhone: 320-354-2252

Lot Info

  • PropertyAttachedYN: No
  • Lot Size: 250x300
  • Lot Size Sq Ft: 80150.4
  • Land Lease: No
  • Lot Features: Tree Coverage - Medium
  • Additional Parcels: Yes
  • Zoning Description: Residential-Single Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: Unknown
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Brick/Stone

Tax Info

  • Tax Year: 2022
  • Assessor Parcel Number: 609100220
  • Tax Annual Amount: 5376
  • TaxWithAssessments: 5376.0000

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 28, 2022
Closed on
Feb 17, 2023
Sold by
Nelson Sharon
Bought by
Salvatora Kyle and Bratsch Allison
Seller's Agent
Justin Paffrath
Edina Realty
Buyer's Agent
JOANNE MARQUARDT
LPT Realty, LLC
List Price
$560,000
Sold Price
$400,000
Premium/Discount to List
-$160,000
-28.57%
Views
56
Current Estimated Value
$364,947

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$35,053
Avg. Annual Appreciation
-3.34%
Original Mortgage
$400,000
Outstanding Balance
$387,786
Interest Rate
6.48%
Mortgage Type
New Conventional
Estimated Equity
-$22,839

Purchase Details

Closed on
Jan 12, 2012
Sold by
Nelson Perry L
Bought by
Nelson Sharon L

Purchase Details

Closed on
Aug 6, 2007
Sold by
City Of New London
Bought by
Nelson Perry and Nelson Sharon
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 Buyer Sale Price Title Company
Salvatora Kyle $400,000 --
Nelson Sharon L -- None Available
Nelson Perry -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Salvatora Kyle $400,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/17/2023 02/17/23 Sold $400,000 -23.1% $149 / Sq Ft
01/16/2023 01/16/23 Pending -- -- --
11/28/2022 11/28/22 Price Changed $520,000 -7.1% $194 / Sq Ft
09/25/2022 09/25/22 For Sale $560,000 -- $209 / 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
2025 $5,470 $346,800 $25,100 $321,700
2024 $4,524 $353,100 $25,100 $328,000
2023 $2,952 $289,600 $25,100 $264,500
2022 $4,780 $258,700 $25,100 $233,600
2021 $4,128 $223,800 $21,200 $202,600
2020 $4,070 $198,800 $21,200 $177,600
2019 $3,926 $197,700 $21,200 $176,500
2018 $3,698 $186,000 $21,200 $164,800
2017 $4,086 $174,500 $19,700 $154,800
2016 $2,210 $1,749 $0 $0
2015 -- $0 $0 $0
2014 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Justin Paffrath

    Seller's Agent in 2023

    Justin Paffrath

    Edina Realty

    (320) 491-9035

    319 Total Sales

    Justin Paffrath
    Section Image
  • Angela Paffrath

    Seller Co-Listing Agent in 2023

    Angela Paffrath

    Edina Realty

    (320) 444-0989

    113 Total Sales

    Angela Paffrath
    Section Image
  • JOANNE MARQUARDT

    Buyer's Agent in 2023

    JOANNE MARQUARDT

    LPT Realty, LLC

    (320) 212-6468

    58 Total Sales

    JOANNE MARQUARDT
    Section Image
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Map

Source: NorthstarMLS

MLS Number: 6263891

NorthstarMLS

APN: 60-910-0220

Minnesota Kandiyohi County New London 56273

28 1st Ave NW, New London, MN

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