NOT LISTED FOR SALE

509 N Payne St New Ulm, MN 56073

Estimated Value: $213,841 - $238,000

4 Beds
2 Baths
2,252 Sq Ft
$99/Sq Ft Est. Value

Last Sold May 09, 2025

Last sale price $226,000 $100 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $1,370/month

14 Days on Market

Highlights

  • Wood Flooring
  • Fenced Yard
  • Porch
  • New Ulm High School Rated 9+
  • 1 Car Detached Garage
  • Eat-In Kitchen

About This Home

As of May 2025

Welcome to this updated and ready to move in property in historic New Ulm, MN. This 4 bedroom, 2 bathroom home is updated with new front steps for safe entry, new flooring installed in the entry and hallway as well as updates to the kitchen such as repainted cabinets and counter tops, a crisp and clean white subway tile style backsplash with coordinating modern hardware throughout. Plus, the stainless-steel dishwasher is newly installed for your convenience. The master bedroom has been updated with new windows and trim as well as new carpet and a ceiling fan/light for your comfort. The water heater has plenty of life left as it was new in February 2022. As you pass through the 3-season porch to access the fully enclosed backyard of the home please notice the composite no maintenance privacy fence with access to the garage and storage shed. The storage shed has a poured concrete foundation for additional exterior storage space. Please call for a showing of this unique and well-maintained home.

Last Agent to Sell the Property

Dar Vosburg

HOME RUN REALTY License #20093521 Listed on: 02/13/2025

Last Buyer's Agent

Kristine Jensen

TRUE REAL ESTATE License #40650131

TRUE REAL ESTATE

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,244

Year Built

  • Built in 1953

Lot Details

  • 8,276 Sq Ft Lot
  • Lot Dimensions are 50x165
  • Fenced Yard
  • Landscaped

Home Design

  • Flat Roof Shape
  • Frame Construction
  • Asphalt Shingled Roof
  • Rubber Roof
  • Steel Siding

Interior Spaces

  • Ceiling Fan
  • Combination Kitchen and Dining Room
  • Wood Flooring
  • Dryer

Kitchen

  • Eat-In Kitchen
  • Range
  • Microwave
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Bathroom on Main Level

Finished Basement

  • Basement Fills Entire Space Under The House
  • Block Basement Construction
  • Basement Window Egress

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 1 Car Detached Garage
  • Garage Door Opener
  • Driveway

Outdoor Features

  • Storage Shed
  • Porch

Utilities

  • Forced Air Heating and Cooling System
  • Furnace Humidifier
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 001.001.187.03.030

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,244

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Type: Single Family
  • Class: SINGLE FAMILY
  • Classification: Homestead
  • Style: SF Single Family
  • Amenities: Ceiling Fans, Eat-In Kitchen, Garage Door Opener, Hardwood Floors, Washer/Dryer Hookups, Smoke Alarms (L), CO Detectors (L)
  • Amenities Exterior: Driveway - Concrete, Fenced Yard - Full, Porch
  • Estimated Number of Acres: 0.19
  • Assessment Balance: 40
  • Assessments: Yes
  • Construction: Previously Owned
  • Foundation Size: 936
  • L V T Date: 02/13/2025
  • Mechanicals: Furnace Humidifier, Water Heater-Gas
  • Parcel Number: 001.001.187.03.030
  • Price Per Square Foot: 93
  • Sold Price Per Sq Ft: 96
  • Stories: 1.25 - 1.75 Story
  • Taxes With Assessments: 2284
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Dining Room: Combine with Kitchen
  • Appliances: Disposal, Dryer, Microwave, Range/Stove, Refrigerator
  • Total Bedrooms: 4
  • Bathroom Description: 3/4 Basement, Main Floor Full Bath
  • Total Bathrooms: 2
  • Three Quarter Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bathrooms: 2
  • Basement Features: Egress Windows, Finished
  • Basement Material: Concrete Block
  • Basement Style: Full
  • Finished Above Grade Sq Ft: 1416
  • Below Grade Finished Sq Ft: 836
  • Finished Basement Sq Ft: 836
  • Tot Above Grade Sq Ft: 1416
  • Total Fin Square Footage: 2252
  • Total Square Footage: 2352
  • Tot Below Grade Sq Ft: 936

Exterior Features

  • Frontage Road: City, Curb/Gutters, Sidewalk
  • Construction Type: Frame/Wood
  • Exterior: Steel
  • Out Buildings: Storage Shed
  • Roof: Asphalt Shingles, Flat, Rubber

Garage/Parking

  • Garage Type: Detached
  • Garage Capacity: 1

Utilities

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

Schools

  • School District: New Ulm #88

Lot Info

  • Estimated Lot Dimensions: 50x165
  • Lot/Land Description: Landscaped, Paved Streets

Building Info

  • Year Built: 1953

Tax Info

  • Year: 2025
  • Tax Value: 2244

MLS Schools

  • School District: New Ulm #88

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 13, 2025
Closed on
May 9, 2025
Sold by
Brase Brennon D and Brase Madison
Bought by
Moldan Nicholas
Seller's Agent
Dar Vosburg
HOME RUN REALTY
Buyer's Agent
Kristine Jensen
TRUE REAL ESTATE
List Price
$219,900
Sold Price
$226,000
Premium/Discount to List
$6,100
2.77%
Views
88
Current Estimated Value
$223,460

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,540
Avg. Annual Appreciation
-2.72%
Original Mortgage
$230,859
Outstanding Balance
$230,041
Interest Rate
6.65%
Mortgage Type
New Conventional
Estimated Equity
-$6,581

Purchase Details

Listed on
Sep 8, 2021
Closed on
Nov 12, 2021
Sold by
Breeden Mickey
Bought by
Brase Brennon D
Seller's Agent
Jeff Kaul
CENTURY 21 ATWOOD
Buyer's Agent
Dar Vosburg
HOME RUN REALTY
List Price
$174,900
Sold Price
$181,000
Premium/Discount to List
$6,100
3.49%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.57%
Original Mortgage
$182,828
Interest Rate
2.99%
Mortgage Type
New Conventional
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 Buyer Sale Price Title Company
Moldan Nicholas $226,000 None Listed On Document
Brase Brennon D $181,000 None Available
Breeden Mickey -- North American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Moldan Nicholas $230,859
Previous Owner Brase Brennon D $182,828
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/09/2025 05/09/25 Sold $226,000 +2.8% $100 / Sq Ft
02/27/2025 02/27/25 Pending -- -- --
02/13/2025 02/13/25 For Sale $219,900 +21.5% $98 / Sq Ft
11/12/2021 11/12/21 Sold $181,000 +3.5% $90 / Sq Ft View Prior Sale
09/28/2021 09/28/21 Pending -- -- --
09/08/2021 09/08/21 For Sale $174,900 +28.6% $87 / Sq Ft
09/23/2016 09/23/16 Sold $136,000 -2.8% $68 / Sq Ft View Prior Sale
08/15/2016 08/15/16 Pending -- -- --
06/16/2016 06/16/16 For Sale $139,900 -- $70 / 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 $2,262 $182,400 $38,400 $144,000
2023 $2,262 $177,600 $38,400 $139,200
2022 $1,948 $159,800 $33,400 $126,400
2021 $1,926 $136,800 $33,400 $103,400
2020 $1,764 $136,700 $33,400 $103,300
2019 $1,714 $126,800 $32,400 $94,400
2018 $1,604 $125,600 $32,400 $93,200
2017 $1,328 $115,200 $32,400 $82,800
2016 $1,364 $102,168 $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: 7036745

REALTOR® Association of Southern Minnesota

APN: 00100118703030