$50,000
SOLD MAY 28, 2025

511 1st St N Waterville, MN 56096

3 Beds
1 Bath
1,292 Sq Ft
0.57 Acres

Recently Sold

$39 Per Sq Ft

9% Below List Price

9 Days on Market

Highlights

  • 1 Fireplace
  • 2 Car Attached Garage
  • Roll-in Shower
  • No HOA
  • Wheelchair Ramps
  • 1-Story Property

About This Home

As of May 2025

This property offers an exciting opportunity for those looking to invest in a desirable location near the swimming beach and boat landing on Lake Tetonka. Due to severe damage sustained during a recent flood, the basement on the north end of the home has collapsed. It's important to note that the garage and the living room do not have a basement underneath. As a result, the selling price reflects the value of the lot alone. Situated close to downtown Waterville, this lot provides easy access to nearby lakes and trails. Build a summer retreat or a comfortable year-round residence. All utilities have been disconnected. Whether you're an investor or looking to build, this is a chance to develop a property that reflects whatever your vision is. Selling-As-Is.

Last Agent to Sell the Property

Patricia Jewison

Edina Realty, Inc. Listed on: 05/06/2025

Edina Realty, Inc.

Last Buyer's Agent

Tracy Steinberg

ERA Gillespie Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $820

Year Built

  • Built in 1948

Lot Details

  • 0.57 Acre Lot
  • Lot Dimensions are 132 x 189

Parking

  • 2 Car Attached Garage

Home Design

  • Wood Siding

Interior Spaces

  • 1,292 Sq Ft Home
  • 1-Story Property
  • 1 Fireplace
  • Basement
  • Block Basement Construction

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Accessible Home Design

  • Roll-in Shower
  • Wheelchair Ramps

Utilities

  • No Cooling
  • Baseboard Heating

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 240273100

Home Details

Home Type

Single Family

Est. Annual Taxes

$820

Year Built

Built in 1948

Lot Details

0

Parking

2

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: None
  • Garage Spaces: 2
  • Accessibility Features: Wheelchair Ramp(s), Roll-In Shower
  • Fireplaces: 1
  • Water Source: City Water/Connected
  • Year Built: 1948
  • Above Grade Finished Sq Ft: 1292
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Block
  • Living Area: 1292
  • Fireplace: Yes
  • Basement YN: Yes

Beds/Baths

  • Full Bathrooms: 1
  • Total Bedrooms: 3

Garage/Parking

  • Parking Features: Attached Garage

Utilities

  • Heating: Baseboard
  • Sewer: City Sewer/Connected
  • Fuel: Natural Gas

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Waterville-Elysian-Morristown
  • SchoolDistrictPhone: 507-275-3115

Lot Info

  • PropertyAttachedYN: No
  • Lot Size: 132 x 189
  • Lot Size Sq Ft: 24916.32
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: Yes
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Wood Siding

Tax Info

  • Tax Year: 2025
  • Assessor Parcel Number: 240273100
  • Tax Annual Amount: 820
  • TaxWithAssessments: 838.0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 6, 2025
Closed on
May 28, 2025
Sold by
Minske Russell W and Minske Betty J
Bought by
Burton Calvin
Seller's Agent
Patricia Jewison
Edina Realty, Inc.
Buyer's Agent
Tracy Steinberg
ERA Gillespie Real Estate
List Price
$55,000
Sold Price
$50,000
Premium/Discount to List
-$5,000
-9.09%
Views
52
Current Estimated Value
$146,355

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$96,355
Avg. Annual Appreciation
481.64%
Source: Public Records
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Purchase History

Date Type Sale Price Title Company
Warranty Deed $50,000 Near North Title
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/28/2025 05/28/25 Sold $50,000 -9.1% $39 / Sq Ft
05/15/2025 05/15/25 Pending -- -- --
05/06/2025 05/06/25 For Sale $55,000 -- $43 / 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 $838 $91,700 $52,300 $39,400
2024 $2,370 $208,800 $52,300 $156,500
2023 $2,288 $197,000 $44,300 $152,700
2022 $2,674 $188,300 $44,300 $144,000
2021 $2,346 $155,200 $44,300 $110,900
2020 $2,286 $129,700 $41,300 $88,400
2019 $2,158 $97,200 $32,558 $64,642
2018 $1,487 $84,900 $29,764 $55,136
2017 $1,344 $82,900 $29,564 $53,336
2016 $2,074 $75,800 $28,727 $47,073
2015 $1,305 $76,700 $28,845 $47,855
2014 $1,126 $73,200 $28,398 $44,802
2013 $1,184 $77,100 $28,885 $48,215
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6716103

NorthstarMLS

APN: 24.027.3100