$329,900
SOLD AUG 7, 2025

505 S Payne St New Ulm, MN 56073

3 Beds
3 Baths
2,570 Sq Ft
1964 Built

Recently Sold

$128 Per Sq Ft

176 Days on Market

Highlights

  • 3 Car Detached Garage
  • Walk-In Closet
  • 1-Story Property
  • New Ulm High School Rated 9+
  • Breakfast Bar
  • Forced Air Heating and Cooling System

About This Home

As of August 2025

This 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

RACHELLE KRAUS

CENTURY 21 ATWOOD License #20201377 Listed on: 01/15/2025

CENTURY 21 ATWOOD

Last Buyer's Agent

Tyler Bolduan

RE/MAX DYNAMIC AGENTS License #40927098

RE/MAX DYNAMIC AGENTS

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,120

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Type: Single Family
  • Class: SINGLE FAMILY
  • Classification: Homestead
  • Style: SF Single Family
  • Amenities: Walk-In Closet
  • Construction: Previously Owned
  • Foundation Size: 1370
  • L V T Date: 01/16/2025
  • Mechanicals: Water Heater-Gas, Water Softener-Rented
  • Parcel Number: R001.002.176.13.130
  • Stories: 1 Story
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Dining Room: Breakfast Bar
  • Fireplace: Yes
  • Fireplace Type: Wood Burning
  • Appliances: Dishwasher, Dryer, Range/Stove, Refrigerator, Washer
  • Total Bedrooms: 3
  • Total Bathrooms: 3
  • Three Quarter Bathrooms: 1
  • Full Bathrooms: 2
  • Total Bathrooms: 3
  • Room 1: Living Room, 19x18, On Level: Main
  • Room 2: Kitchen, 12x12, On Level: Main
  • Room 3: Mud Room, 13.5x6, On Level: Main
  • Room 4: Primary Bedroom, 11x13, On Level: Main
  • Room 5: Bedroom, 13.5x10, On Level: Main
  • Room 6: Rec Room, 28x18, On Level: Basement
  • Room 7: 15.4x8.9, On Level: Basement
  • Room 8: Utility Room, 37x16, On Level: Basement
  • Basement Material: Poured Concrete
  • Basement Style: Full
  • Finished Above Grade Sq Ft: 1370
  • Below Grade Finished Sq Ft: 1200
  • Tot Above Grade Sq Ft: 1370
  • Total Fin Square Footage: 2570
  • Total Square Footage: 2740
  • Tot Below Grade Sq Ft: 1370

Exterior Features

  • Frontage Road: City
  • Construction Type: Frame/Wood
  • Exterior: Brick, Steel
  • Roof: Asphalt Shingles

Garage/Parking

  • Garage Type: Detached
  • Garage Capacity: 3

Utilities

  • Cooling: Central
  • Fuel: Natural Gas
  • Heat: Fireplace, Forced Air
  • Sewer: City
  • Water: City

Condo/Co-op/Association

  • HOA Fee Includes: Electricity, Gas, Parking

Lot Info

  • Estimated Lot Dimensions: 50 x 165

Building Info

  • Year Built: 1964

Tax Info

  • Year: 2024
  • Tax Value: 3120

MLS Schools

  • School District: New Ulm #88

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
Current Estimated Value
$317,536

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$12,364
Avg. Annual Appreciation
-12.34%
Original Mortgage
$329,900
Outstanding Balance
$329,425
Interest Rate
4%
Mortgage Type
VA
Estimated Equity
-$11,889

Purchase Details

Listed on
Jan 4, 2021
Closed on
Feb 25, 2021
Sold by
Mcmonagle 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
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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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
Warranty Deed $329,900 None Listed On Document
Warranty Deed $155,000 Berg Jeremy M
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 $147,250 New Conventional
Previous Owner $29,000 New Conventional
Previous Owner $93,000 New Conventional
Closed $147,250 No Value Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
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 View Prior Sale
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

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 $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

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Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 7036620

REALTOR® Association of Southern Minnesota

APN: 00100217613130