51671 Lor Ray Dr North Mankato, MN 56003
Estimated payment $7,938/month
About This Lot
Do you want to own 48 acres on the North end of North Mankato? It is in Nicollet County and currently is not in the City of North Mankato. There are assessments for the water and sewer that is running along for Lor Ray Drive, which runs North and South to the west of the property. The assessments for this would be payable upon annexation into the city. An additional 10-acre homesite is available (Parcel #01.035.0800), offered at $775,000.
Property Details
Property Type
- Land
Est. Annual Taxes
- $2,472
Lot Details
- 47.98 Acre Lot
- Irregular Lot
Listing and Financial Details
- Assessor Parcel Number 01.035.0805
Map
Home Values in the Area
Average Home Value in this Area
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 | $4,484 | $698,300 | $242,200 | $456,100 |
| 2024 | $4,404 | $712,600 | $242,200 | $470,400 |
| 2023 | $4,478 | $690,000 | $242,200 | $447,800 |
| 2022 | $3,380 | $690,000 | $242,200 | $447,800 |
| 2021 | $3,444 | $519,400 | $242,200 | $277,200 |
| 2020 | $3,290 | $509,500 | $242,200 | $267,300 |
| 2019 | $3,370 | $510,400 | $242,200 | $268,200 |
| 2018 | $3,144 | $395,100 | $129,300 | $265,800 |
| 2017 | -- | $364,300 | $0 | $0 |
| 2016 | $2,502 | $0 | $0 | $0 |
| 2015 | -- | $0 | $0 | $0 |
| 2011 | -- | $0 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/09/2025 07/09/25 | For Sale | $1,400,000 | +80.6% | -- |
| 06/30/2025 06/30/25 | Price Changed | $775,000 | -2.5% | $201 / Sq Ft |
| 03/13/2025 03/13/25 | For Sale | $795,000 | -- | $207 / Sq Ft |
Source: REALTOR® Association of Southern Minnesota
MLS Number: 7038032
APN: R-01.035.0800
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