$22,000
SOLD JAN 30, 2015

503 1st St SW New Richland, MN 56072

3 Beds
1 Bath
1,177 Sq Ft
9,148 Sq Ft Lot

Recently Sold

$19 Per Sq Ft

31% Below List Price

4 Days on Market

Highlights

  • Deck
  • Formal Dining Room
  • Bathroom on Main Level
  • Corner Lot
  • Eat-In Kitchen
  • Forced Air Heating System

About This Home

As of January 2015

INVESTOR SPECIAL! Great rental property or live in this home for less than renting would cost you. 3 bedrooms with a little TLC could turn this into a very nice home!

Last Agent to Sell the Property

Kim Berg

Edina Realty Faribault Listed on: 12/26/2014

Last Buyer's Agent

Kim Berg

Edina Realty Faribault Listed on: 12/26/2014

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $466

Year Built

  • Built in 1900

Lot Details

  • 9,148 Sq Ft Lot
  • Lot Dimensions are 62x150
  • Corner Lot
  • Few Trees

Home Design

  • Frame Construction
  • Slate

Interior Spaces

  • 1,177 Sq Ft Home
  • Formal Dining Room
  • Washer and Dryer Hookup

Kitchen

  • Eat-In Kitchen
  • Range

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Bathroom on Main Level
  • 1 Full Bathroom

Unfinished Basement

  • Partial Basement
  • Block Basement Construction

Outdoor Features

  • Deck

Utilities

  • Forced Air Heating System
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 157780190

Home Details

Home Type

Single Family

Est. Annual Taxes

$466

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Type: Single Family
  • Class: SINGLE FAMILY
  • Classification: Homestead
  • Amenities: Eat-In Kitchen, Washer/Dryer Hookups
  • Amenities Exterior: Deck
  • Estimated Number of Acres: 0.21
  • Construction: Previously Owned
  • Mechanicals: Water Heater-Gas
  • Parcel Number: 157780190
  • Stories: 1.25 - 1.75 Story
  • Taxes With Assessments: 466
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Dining Room: Eat-In Kitchen, Formal Dining Room
  • Appliances: Range/Stove
  • Total Bedrooms: 3
  • Bathroom Description: Main Floor Full Bath
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Room 1: Bedroom, 15x11, On Level: Main
  • Room 2: Bedroom, 15x9, On Level: Upper
  • Room 3: Bedroom, 13x9, On Level: Upper
  • Room 5: Dining Room, 14x10, On Level: Main
  • Room 9: Kitchen, 15x11, On Level: Main
  • Room 12: Living Room, 13x11, On Level: Main
  • Basement Features: Unfinished
  • Basement Material: Concrete Block
  • Basement Style: Partial
  • Finished Above Grade Sq Ft: 1177
  • Total Fin Square Footage: 1177
  • Total Square Footage: 1837

Exterior Features

  • Frontage Road: City, Paved
  • Construction Type: Frame/Wood
  • Exterior: Slate

Utilities

  • Fuel: Natural Gas
  • Heat: Forced Air
  • Sewer: City
  • Water: City

Schools

  • School District: N.R.H.E.G. #2168

Lot Info

  • Estimated Lot Dimensions: 62x150
  • Lot/Land Description: Corner Lot, Tree Coverage - Light

Building Info

  • Year Built: 1900

Tax Info

  • Year: 2014
  • Tax Value: 466

MLS Schools

  • School District: N.R.H.E.G. #2168

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 13, 2017
Sold by
Wobbrock Gary Gary
Bought by
Blake Travis Travis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$32,000
Outstanding Balance
$26,800
Interest Rate
3.83%
Estimated Equity
$126,576

Purchase Details

Listed on
Dec 26, 2014
Closed on
Jan 30, 2015
Sold by
Shirley Joanne Shirley Joanne and Somage Michael Jon
Bought by
Wobbrock Gary
Seller's Agent
Kim Berg
Edina Realty Faribault
Buyer's Agent
Kim Berg
Edina Realty Faribault
List Price
$32,000
Sold Price
$22,000
Premium/Discount to List
-$10,000
-31.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.00%
Original Mortgage
$20,000
Interest Rate
3.85%
Mortgage Type
Future Advance Clause Open End Mortgage
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
Deed $32,000 --
Deed $32,000 None Available
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $32,000 No Value Available
Previous Owner $20,000 Future Advance Clause Open End Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/18/2025 09/18/25 Price Changed $50,000 -28.6% $42 / Sq Ft
09/05/2025 09/05/25 For Sale $70,000 +218.2% $58 / Sq Ft
01/30/2015 01/30/15 Sold $22,000 -31.3% $19 / Sq Ft
12/30/2014 12/30/14 Pending -- -- --
12/26/2014 12/26/14 For Sale $32,000 -- $27 / Sq Ft
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 $1,786 $106,200 $20,200 $86,000
2023 $1,646 $101,300 $17,900 $83,400
2022 $1,508 $83,700 $12,900 $70,800
2021 $1,000 $70,000 $10,800 $59,200
2020 $616 $45,600 $9,900 $35,700
2019 $548 $45,600 $9,900 $35,700
2018 $528 $40,400 $8,800 $31,600
2017 $522 $24,100 $4,856 $19,244
2016 $504 $24,500 $4,864 $19,636
2015 -- $24,100 $4,868 $19,232
2012 -- $28,400 $5,224 $23,176
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2025

    Elizabeth Janike

    RE/MAX

    (507) 835-1466

    3 Total Sales

    Elizabeth Janike
    Section Image

  • K

    Seller's Agent in 2015

    Kim Berg

    Edina Realty Faribault

See All Agents

Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 4703991

REALTOR® Association of Southern Minnesota

APN: 15.778.0190

Minnesota Waseca County New Richland 56072

503 1st St SW, New Richland, MN

This home is located at 503 1st St SW, New Richland, MN 56072 and is currently priced at $22,000, approximately $18 per square foot. This property was built in 1900. 503 1st St SW is a home located in Waseca County with nearby schools including NRHEG Elementary School and NRHEG Secondary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

REALTOR® Association of Southern Minnesota IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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