505 S Payne St New Ulm, MN 56073
3
Beds
3
Baths
2,570
Sq Ft
1964
Built
Highlights
- 3 Car Detached Garage
- Breakfast Bar
- Forced Air Heating and Cooling System
- Walk-In Closet
- 1-Story Property
- Wood Burning Fireplace
About This Home
As of August 2025This home is a true gem, completely renovated from top to bottom in the last two years—every square inch has been meticulously updated, both inside and out. No detail has been overlooked, making this a rare find that blends modern luxury with timeless charm. With 3 spacious bedrooms and a fully updated interior, this home offers the perfect balance of comfort and style. As a bonus this property also has a heated garage, which is far more than just a place to park your car—it’s a man cave paradise! Complete with its own half bathroom and kitchen, this unique space is perfect for entertaining, hobbies, or unwinding after a long day. All of this on top of location! Ideally located by schools, parks, walking trails and the recreation center. Don’t miss out on the opportunity to own a one-of-a-kind home that offers both luxury living, prime location and a dream workspace—all with everything brand new and ready for you to enjoy!
Last Agent to Sell the Property
CENTURY 21 ATWOOD License #20201377 Listed on: 01/15/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,120
Year Built
- Built in 1964
Lot Details
- Lot Dimensions are 50 x 165
Parking
- 3 Car Detached Garage
Home Design
- Brick Exterior Construction
- Poured Concrete
- Frame Construction
- Asphalt Shingled Roof
- Steel Siding
Interior Spaces
- 1-Story Property
- Wood Burning Fireplace
- Basement Fills Entire Space Under The House
Kitchen
- Breakfast Bar
- Range
- Dishwasher
Bedrooms and Bathrooms
- 3 Bedrooms
- Walk-In Closet
Laundry
- Dryer
- Washer
Utilities
- Forced Air Heating and Cooling System
- Gas Water Heater
- Water Softener Leased
Community Details
- Association fees include electricity, gas, parking
Listing and Financial Details
- Assessor Parcel Number R001.002.176.13.130
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 15, 2025
Closed on
Aug 7, 2025
Sold by
Leskey Timothy J and Leskey Tanya A
Bought by
Tucker Todd
Seller's Agent
RACHELLE KRAUS
CENTURY 21 ATWOOD
Buyer's Agent
Tyler Bolduan
RE/MAX DYNAMIC AGENTS
List Price
$329,900
Sold Price
$329,900
Views
359
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-88.26%
Original Mortgage
$329,900
Outstanding Balance
$329,900
Interest Rate
4%
Mortgage Type
VA
Estimated Equity
-$39,786
Purchase Details
Listed on
Jan 4, 2021
Closed on
Feb 25, 2021
Sold by
Mcmongle Sara J
Bought by
Leskey Timothy J and Leskey Tanya A
Seller's Agent
Lanaye Kral
VALLEY PROPERTIES
Buyer's Agent
RACHELLE KRAUS
CENTURY 21 ATWOOD
List Price
$159,900
Sold Price
$155,000
Premium/Discount to List
-$4,900
-3.06%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.50%
Original Mortgage
$147,250
Interest Rate
2.7%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 14, 2019
Sold by
Mcmonagle Sean T
Bought by
Mcmongle Sara J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$29,000
Interest Rate
4.3%
Mortgage Type
New Conventional
Purchase Details
Closed on
Nov 22, 2014
Sold by
Jean Jean and Novotny Gary
Bought by
Mcmonagle Sean T and Mcmonagle Sara J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$93,000
Interest Rate
3.91%
Mortgage Type
New Conventional
Similar Homes in New Ulm, MN
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
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $329,900 | None Listed On Document | |
| Warranty Deed | $155,000 | None Available | |
| Quit Claim Deed | -- | None Available | |
| Interfamily Deed Transfer | -- | -- | |
| Deed | $155,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $329,900 | VA | |
| Previous Owner | $187,000 | New Conventional | |
| Previous Owner | $147,250 | New Conventional | |
| Previous Owner | $29,000 | New Conventional | |
| Previous Owner | $11,000 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $93,000 | New Conventional | |
| Closed | $147,250 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/07/2025 08/07/25 | Sold | $329,900 | 0.0% | $128 / Sq Ft |
| 07/31/2025 07/31/25 | For Sale | $329,900 | 0.0% | $128 / Sq Ft |
| 07/10/2025 07/10/25 | Off Market | $329,900 | -- | -- |
| 07/10/2025 07/10/25 | Pending | -- | -- | -- |
| 07/09/2025 07/09/25 | Price Changed | $329,900 | -1.5% | $128 / Sq Ft |
| 06/20/2025 06/20/25 | Price Changed | $334,900 | -1.5% | $130 / Sq Ft |
| 01/15/2025 01/15/25 | For Sale | $339,900 | +119.3% | $132 / Sq Ft |
| 02/25/2021 02/25/21 | Sold | $155,000 | -3.1% | $113 / Sq Ft |
| 01/24/2021 01/24/21 | Pending | -- | -- | -- |
| 01/04/2021 01/04/21 | For Sale | $159,900 | -- | $117 / Sq Ft |
Source: REALTOR® Association of Southern Minnesota
Tax History Compared to Growth
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 | $3,412 | $257,700 | $39,500 | $218,200 |
| 2023 | $3,412 | $241,900 | $39,500 | $202,400 |
| 2022 | $2,206 | $212,200 | $34,400 | $177,800 |
| 2021 | $2,104 | $151,000 | $34,400 | $116,600 |
| 2020 | $2,012 | $146,600 | $34,400 | $112,200 |
| 2019 | $1,954 | $140,600 | $32,400 | $108,200 |
| 2018 | $1,768 | $139,200 | $32,400 | $106,800 |
| 2017 | $1,630 | $124,300 | $32,400 | $91,900 |
| 2016 | $1,554 | $112,563 | $0 | $0 |
| 2015 | -- | $0 | $0 | $0 |
| 2014 | -- | $0 | $0 | $0 |
| 2013 | -- | $0 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
RACHELLE KRAUS
Seller's Agent in 2025
RACHELLE KRAUS
CENTURY 21 ATWOOD
(507) 202-7446
15 in this area
17 Total Sales
-
Tyler Bolduan
T
Buyer's Agent in 2025
Tyler Bolduan
RE/MAX
(507) 363-3300
1 in this area
13 Total Sales
-
L
Seller's Agent in 2021
Lanaye Kral
VALLEY PROPERTIES
Map
Source: REALTOR® Association of Southern Minnesota
MLS Number: 7036620
APN: 00100217613130
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