$145,000
SOLD OCT 14, 2025

507 Summit Ave Tracy, MN 56175

4 Beds
2 Baths
2,244 Sq Ft
0.28 Acres

Recently Sold

$65 Per Sq Ft

12% Below List Price

128 Days on Market

Highlights

  • Deck
  • 2 Car Attached Garage
  • 1-Story Property
  • No HOA
  • Eat-In Kitchen
  • Central Air

About This Home

As of October 2025

Spacious Home with Huge Potential and a Dream Backyard! Step into opportunity with this 4-bedroom, 2-bath home featuring a generously sized, fully fenced backyard—perfect for pets, play, or planting your dream garden in the raised planter boxes. Enjoy morning coffee or evening gatherings on the large deck, accessed through a walkout patio door from the main living area. The main floor offers 3 bedrooms and a full bath, while the basement includes an additional bedroom, a cozy fireplace, another bathroom, a walkout basement door, and plenty of space to create a welcoming second living area or guest suite. The attached garage adds everyday convenience, and with new-owner love, it offers a fantastic chance to build equity and truly make it your own. With great bones and an incredibly functional layout, this house is full of space and potential for those ready to bring their vision to life.

Last Agent to Sell the Property

Taylor Onken

Edina Realty, Inc. Listed on: 04/29/2025

Last Buyer's Agent

Tara Onken

Edina Realty, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,234

Year Built

  • Built in 1959

Lot Details

  • 0.28 Acre Lot
  • Lot Dimensions are 86x120x106x130

Parking

  • 2 Car Attached Garage

Home Design

  • Wood Siding

Interior Spaces

  • 1-Story Property
  • Wood Burning Fireplace
  • Finished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Eat-In Kitchen
  • Cooktop
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deck

Utilities

  • Central Air
  • Hot Water Heating System

Community Details

  • No Home Owners Association
  • Donaldsons Hillside Add Subdivision

Listing and Financial Details

  • Assessor Parcel Number 311600120

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,234

Year Built

Built in 1959

Lot Details

0

Parking

2

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: Central Air
  • Garage Spaces: 2
  • Accessibility Features: None
  • Fireplaces: 1
  • Water Source: City Water/Connected
  • Year Built: 1959
  • Above Grade Finished Sq Ft: 1144
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Finished, Full
  • Appliances: Cooktop, Dishwasher, Dryer, Range, Refrigerator, Washer
  • Fireplace Features: Wood Burning
  • Living Area: 2244
  • Fireplace: Yes
  • Below Grade Finished Sq Ft: 1100
  • Basement YN: Yes

Beds/Baths

  • Full Bathrooms: 1
  • Total Bedrooms: 4
  • Three Quarter Bathrooms: 1

Exterior Features

  • Roof: Asphalt
  • PatioPorchType: Deck

Garage/Parking

  • Parking Features: Attached Garage

Utilities

  • Heating: Hot Water
  • Sewer: City Sewer/Connected
  • Electric: Circuit Breakers
  • Fuel: Natural Gas

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Tracy Area
  • SchoolDistrictPhone: 507-629-5500

Lot Info

  • PropertyAttachedYN: No
  • Lot Size: 86x120x106x130
  • Lot Size Sq Ft: 12240.36
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Fiber Board, Wood Siding

Tax Info

  • Tax Year: 2024
  • Assessor Parcel Number: 311600120
  • Tax Annual Amount: 2234
  • TaxWithAssessments: 2234.0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 29, 2025
Closed on
Oct 14, 2025
Sold by
Welu Michele A
Bought by
Ziemke Robert and Birman Denise Kay
Seller's Agent
Taylor Onken
Edina Realty, Inc.
Buyer's Agent
Tara Onken
Edina Realty, Inc.
List Price
$165,000
Sold Price
$145,000
Premium/Discount to List
-$20,000
-12.12%
Views
103

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.42%
Original Mortgage
$85,000
Outstanding Balance
$85,000
Interest Rate
6.5%
Mortgage Type
New Conventional
Estimated Equity
$60,128

Purchase Details

Closed on
May 21, 2021
Sold by
Fransen Darren M and Fransen Melissa D
Bought by
Welu Michele A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,888
Interest Rate
3.1%
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 $145,000 Title And Abstract Services
Warranty Deed $126,609 Lyon County Abstract & Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $85,000 New Conventional
Previous Owner $127,888 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/14/2025 10/14/25 Sold $145,000 -6.5% $65 / Sq Ft
09/04/2025 09/04/25 Pending -- -- --
08/09/2025 08/09/25 Price Changed $155,000 -3.1% $69 / Sq Ft
06/04/2025 06/04/25 Price Changed $160,000 -3.0% $71 / Sq Ft
04/29/2025 04/29/25 For Sale $165,000 -- $74 / 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 $2,022 $142,200 $9,600 $132,600
2024 $2,234 $131,100 $9,600 $121,500
2023 $1,994 $131,700 $10,100 $121,600
2022 $1,588 $109,600 $10,100 $99,500
2021 $1,608 $88,500 $10,100 $78,400
2020 $1,592 $89,700 $10,100 $79,600
2019 $1,684 $89,800 $10,100 $79,700
2018 $1,656 $94,900 $10,100 $84,800
2017 $1,656 $94,900 $10,100 $84,800
2016 $1,538 $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: 6702594

NorthstarMLS

APN: 31-160012-0