NOT LISTED FOR SALE

510 1st Ave SW Wells, MN 56097

Estimated Value: $128,000 - $161,997

2 Beds
2 Baths
980 Sq Ft
$146/Sq Ft Est. Value

Last Sold August 06, 2021

Last sale price $84,000 $86 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $862/month

Highlights

  • 1 Car Detached Garage
  • Forced Air Heating and Cooling System
  • 5-minute walk to Thompson Park
  • 1-Story Property

About This Home

As of August 2021

An adorable 2 bed, 2 bath home in Wells, MN! Lots of updates throughout, large living room, nice deck and potential to finish off basement for more livable space. 3/4 bath already done in basement. Check it out before it sells!

Last Agent to Sell the Property

Dan Terrell

RE/MAX DYNAMIC AGENTS Listed on: 05/07/2021

RE/MAX DYNAMIC AGENTS

Last Buyer's Agent

Non Member

Non-Member

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,194

Year Built

  • 1944

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 50 x 140

Parking

  • 1 Car Detached Garage

Home Design

  • Frame Construction
  • Stucco Exterior

Interior Spaces

  • 980 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 2 Bedrooms

Basement

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

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 302001310

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,194

Year Built

1944

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Classification: Homestead
  • Style: SF Single Family
  • Estimated Number of Acres: 0.16
  • Foundation Size: 980
  • L V T Date: 05/07/2021
  • Parcel Number: 302001310
  • Price Per Square Foot: 40
  • Sold Price Per Sq Ft: 43
  • Stories: 1 Story
  • Street Designation: Avenue
  • Taxes With Assessments: 722
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1944

Interior Features

  • Total Bedrooms: 2
  • Total Bathrooms: 2
  • Three Quarter Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bathrooms: 2
  • Basement Material: Concrete Block
  • Basement Style: Full
  • Finished Above Grade Sq Ft: 980
  • Tot Above Grade Sq Ft: 980
  • Total Fin Square Footage: 980
  • Total Square Footage: 1960
  • Tot Below Grade Sq Ft: 980

Exterior Features

  • Construction Type: Frame/Wood
  • Exterior: Stucco

Garage/Parking

  • Garage Type: Detached
  • Garage Capacity: 1

Utilities

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

Schools

  • School District: United S. Central #2134

Lot Info

  • Estimated Lot Dimensions: 50 x 140

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 7, 2021
Closed on
Aug 5, 2021
Sold by
Graham Charles A and Graham Amanda J
Bought by
Jahnke Lisa K
Seller's Agent
Dan Terrell
RE/MAX DYNAMIC AGENTS
Buyer's Agent
Non Member
Non-Member
List Price
$79,900
Sold Price
$84,000
Premium/Discount to List
$4,100
5.13%
Current Estimated Value
$142,999

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$58,999
Avg. Annual Appreciation
13.26%
Original Mortgage
$84,848
Outstanding Balance
$77,432
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$62,861

Purchase Details

Listed on
May 17, 2014
Closed on
Jul 22, 2014
Sold by
Stenzel Laurie H and Stenzel Laurie
Bought by
Graham Charles A and Graham Amanda J
Seller's Agent
Brad Heggen
Brad Heggen Realty, Inc
Buyer's Agent
Zoa Heckman
Brad Heggen Realty, Inc
List Price
$47,500
Sold Price
$40,000
Premium/Discount to List
-$7,500
-15.79%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.25%
Original Mortgage
$42,857
Interest Rate
4.14%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Jahnke Lisa K $84,000 None Available
Graham Charles A $40,000 None Available
Jahnke Lisa Lisa $84,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jahnke Lisa K $84,848
Previous Owner Graham Charles A $56,800
Previous Owner Graham Charles A $42,857
Closed Jahnke Lisa Lisa $84,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/06/2021 08/06/21 Sold $84,000 +6.3% $86 / Sq Ft
06/09/2021 06/09/21 Pending -- -- --
05/21/2021 05/21/21 Price Changed $79,000 -4.8% $81 / Sq Ft
05/14/2021 05/14/21 Price Changed $83,000 -6.6% $85 / Sq Ft
05/07/2021 05/07/21 Price Changed $88,900 +11.3% $91 / Sq Ft
05/07/2021 05/07/21 For Sale $79,900 +99.8% $82 / Sq Ft
08/22/2014 08/22/14 Sold $40,000 -15.8% $34 / Sq Ft
06/07/2014 06/07/14 Pending -- -- --
05/17/2014 05/17/14 For Sale $47,500 -- $40 / 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
2025 $1,194 $97,300 $12,300 $85,000
2024 $1,240 $86,500 $8,600 $77,900
2023 $824 $85,600 $6,400 $79,200
2022 $752 $54,300 $6,400 $47,900
2021 $722 $44,100 $4,800 $39,300
2020 $740 $44,100 $4,800 $39,300
2019 $710 $42,900 $3,800 $39,100
2018 $714 $42,100 $2,900 $39,200
2017 $702 $43,800 $2,900 $40,900
2015 $596 $43,800 $2,900 $40,900
2013 -- $43,800 $2,900 $40,900
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2021

    Dan Terrell

    RE/MAX

    Section Image

  • N

    Buyer's Agent in 2021

    Non Member

    Non-Member

  • B

    Seller's Agent in 2014

    Brad Heggen

    Brad Heggen Realty, Inc

  • Z

    Buyer's Agent in 2014

    Zoa Heckman

    Brad Heggen Realty, Inc

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Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 7026916

REALTOR® Association of Southern Minnesota

APN: 30.200.1310

Minnesota Faribault County Wells 56097

510 1st Ave SW, Wells, MN

This home is located at 510 1st Ave SW, Wells, MN 56097 since 07 May 2021 and is currently estimated at $142,999, approximately $145 per square foot. This property was built in 1944. 510 1st Ave SW is a home located in Faribault County with nearby schools including United South Central Elementary School, United South Central High School, and St. Casimir's School.

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