NOT LISTED FOR SALE

501 S 3rd St Olivia, MN 56277

Estimated Value: $175,000 - $208,880

2 Beds
1.5 Baths
1,440 Sq Ft
$132/Sq Ft Est. Value

Sale Details

Date Sold: August 15, 2025

Last sale price $180,000 $125 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $1,214 / mo

52 Days on Market

Highlights

  • No HOA
  • 2 Car Attached Garage
  • 1-Story Property
  • Home Gym
  • Living Room
  • Forced Air Heating and Cooling System

About This Home

As of August 2025

Charming Move-In Ready home in a desirable Olivia Neighborhood
This adorable 2-bdrm home offers comfort, updates, and plenty of space to enjoy. The main floor features cozy living spaces with inviting character, while the basement has been professionally waterproofed and beautifully finished-perfect for additional living or entertaining space. Enjoy peace of mind with the newer shingles and windows. The large yard provides ample room for outdoor fun, gardening, or relaxation. A fantastic opportunity in a sought after area of Olivia.

Last Agent to Sell the Property

Jolene Ervin

Edina Realty Listed on: 05/23/2025

Edina Realty

Last Buyer's Agent

Brenda Rouse

Edina Realty

Edina Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,446

Year Built

  • Built in 1956

Lot Details

  • 9,322 Sq Ft Lot
  • Lot Dimensions are 85x110

Parking

  • 2 Car Attached Garage

Home Design

  • Wood Siding

Interior Spaces

  • 1-Story Property
  • Family Room
  • Living Room
  • Home Gym
  • Partially Finished Basement

Bedrooms and Bathrooms

  • 2 Bedrooms

Utilities

  • Forced Air Heating and Cooling System

Community Details

  • No Home Owners Association
  • Hillcrest Park Subdivision

Listing and Financial Details

  • Assessor Parcel Number 350452500

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,446

Year Built

Built in 1956

Lot Details

9,322 Sq Ft Lot

Parking

2

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: Central Air
  • Garage Spaces: 2
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Year Built: 1956
  • Above Grade Finished Sq Ft: 960
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Partially Finished
  • Living Area: 1440
  • Fireplace: No
  • Below Grade Finished Sq Ft: 480
  • Basement YN: Yes
  • Dining Room Type: Kitchen, Living Room, Bedroom 1, Bedroom 2, Family Room, Exercise Room

Beds/Baths

  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • One Quarter Bathrooms: 1

Garage/Parking

  • Parking Features: Attached Garage

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • Fuel: Natural Gas

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Bird Island-Olivia-Lake Lillian
  • SchoolDistrictPhone: 320-523-1031

Lot Info

  • PropertyAttachedYN: No
  • Lot Size: 85x110
  • Lot Size Sq Ft: 9321.84
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Wood Siding

Tax Info

  • Tax Year: 2025
  • Assessor Parcel Number: 350452500
  • Tax Annual Amount: 2446
  • TaxWithAssessments: 2446.0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 23, 2025
Closed on
Aug 15, 2025
Sold by
Nelson Jeffrey W and Nelson Jessica
Bought by
Centeno Jaime
Seller's Agent
Jolene Ervin
Edina Realty
Buyer's Agent
Brenda Rouse
Edina Realty
List Price
$180,000
Sold Price
$180,000
Views
27
Current Estimated Value
$190,470

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$10,470
Avg. Annual Appreciation
8.17%
Original Mortgage
$8,990
Outstanding Balance
$8,990
Interest Rate
6.75%
Mortgage Type
New Conventional
Estimated Equity
$181,480

Purchase Details

Closed on
Jun 17, 2016
Sold by
Ochs Shawna Shawna
Bought by
Nelson Jeffrey Jeffrey

Purchase Details

Closed on
Sep 14, 2015
Sold by
Abrahamson Timothy Timothy
Bought by
Lee Daniel Daniel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$54,000
Interest Rate
3.9%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Centeno Jaime $180,000 Quality Title
Nelson Jeffrey Jeffrey $89,900 --
Lee Daniel Daniel $57,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Centeno Jaime $8,990
Open Centeno Jaime $171,000
Previous Owner Lee Daniel Daniel $54,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/15/2025 08/15/25 Sold $180,000 0.0% $125 / Sq Ft
07/14/2025 07/14/25 Pending -- -- --
06/30/2025 06/30/25 For Sale $180,000 0.0% $125 / Sq Ft
05/29/2025 05/29/25 Pending -- -- --
05/23/2025 05/23/25 For Sale $180,000 -- $125 / Sq Ft
Source: NorthstarMLS

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 $2,446 $157,400 $9,400 $148,000
2024 $2,446 $145,000 $9,400 $135,600
2023 $2,012 $114,500 $9,400 $105,100
2022 $1,592 $109,700 $9,400 $100,300
2021 $1,572 $89,800 $9,400 $80,400
2020 $1,472 $89,800 $9,400 $80,400
2019 $1,244 $81,200 $9,400 $71,800
2018 $1,222 $69,600 $9,400 $60,200
2017 $1,108 $69,600 $0 $0
2016 $1,076 $0 $0 $0
2015 -- $0 $0 $0
2014 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6727125

NorthstarMLS

APN: 35-04525-00

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