NOT LISTED FOR SALE

511 1st St N Waterville, MN 56096

Estimated Value: $161,935

3 Beds
1 Bath
1,292 Sq Ft
$125/Sq Ft Est. Value

Sale Details

Date Sold: May 28, 2025

Last sale price $50,000 $39 Per Sq Ft

Est. 224% increase in value since last sale

Current estimated payment $1,003 / mo

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

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Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $820

Year Built

  • Built in 1948

Lot Details

  • Lot Dimensions are 132 x 189

Parking

  • 2 Car Attached Garage

Home Design

  • Block Foundation
  • 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

0.57 Acres

Parking

2

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family
  • Cooling System: None
  • Outside Features: Wood
  • 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
  • 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

Exterior Features

  • Foundation Details: Block

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: 5072753115

Lot Info

  • Waterfront YN: No
  • PropertyAttachedYN: No
  • Lot Size: 132 x 189
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • AssessmentPending: Yes
  • Yearly/Seasonal: Yearly

Tax Info

  • Tax Year: 2025
  • Assessor Parcel Number: 240273100
  • Tax Annual Amount: 820
  • TaxWithAssessments: 838

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
May 6, 2025
Closed on
May 28, 2025
Sold by
Bought by
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
$161,935

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$111,935
Avg. Annual Appreciation
170.72%
Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$50,000 Near North Title
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $1,370 $94,100 $52,300 $41,800
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

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