$48,000
SOLD AUG 22, 2025

523 2nd Ave SE Wells, MN 56097

3 Beds
1 Bath
1,237 Sq Ft
6,970 Sq Ft Lot

Sale Details

Date Sold: August 22, 2025

$39 Per Sq Ft

25% Below List Price

43 Days on Market

Highlights

  • No HOA
  • Wood Siding
  • 4-minute walk to Thompson Park
  • Forced Air Heating System

About This Home

As of August 2025

With TLC this home is Great Investor opportunity! Don't miss this!!!

Last Agent to Sell the Property

Megan Sorensen

eXp Realty Listed on: 07/01/2025

eXp Realty

Last Buyer's Agent

Tracy Steinberg

ERA Gillespie Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $847

Year Built

  • Built in 1904

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 50x140

Parking

  • 2 Car Garage

Home Design

  • Wood Siding

Interior Spaces

  • 1.5-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Utilities

  • No Cooling
  • Forced Air Heating System

Community Details

  • No Home Owners Association
  • Wells Subdivision

Listing and Financial Details

  • Assessor Parcel Number 302006530

Home Details

Home Type

Single Family

Est. Annual Taxes

$847

Year Built

Built in 1904

Lot Details

6,970 Sq Ft Lot

Parking

2

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: None
  • Garage Spaces: 2
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Year Built: 1904
  • Above Grade Finished Sq Ft: 1149
  • Unit Levels: One and One Half
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Other
  • Living Area: 1237
  • Fireplace: No
  • Below Grade Finished Sq Ft: 88
  • Basement YN: No

Beds/Baths

  • Full Bathrooms: 1
  • Total Bedrooms: 3

Garage/Parking

  • Parking Features: Detached

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • Fuel: Other

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: United South Central
  • SchoolDistrictPhone: 507-553-3134

Lot Info

  • PropertyAttachedYN: No
  • Lot Size: 50x140
  • Lot Size Sq Ft: 6969.6
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • AssessmentPending: Unknown
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Wood Siding

Tax Info

  • Tax Year: 2024
  • Assessor Parcel Number: 302006530
  • Tax Annual Amount: 847
  • TaxWithAssessments: 916.0000

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
Jul 1, 2025
Closed on
Aug 22, 2025
Sold by
Bought by
Seller's Agent
Megan Sorensen
eXp Realty
Buyer's Agent
Tracy Steinberg
ERA Gillespie Real Estate
List Price
$64,000
Sold Price
$48,000
Premium/Discount to List
-$16,000
-25%
Views
71
Current Estimated Value
$94,206

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$46,206
Avg. Annual Appreciation
121.06%

Purchase Details

Closed on
Sep 12, 2011
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$38,177
Interest Rate
4.59%
Mortgage Type
Unknown

Purchase Details

Closed on
Oct 20, 2009
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$35,000
Interest Rate
4.96%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Apr 26, 2007
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$35,000
Interest Rate
6.2%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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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 Type Sale Price Title Company
Warranty Deed $48,251 Near North Title Group
Warranty Deed $42,000 None Available
Contract Of Sale $42,000 None Available
Warranty Deed $35,000 None Available
Source: Public Records

Mortgage 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 Status Loan Amount Loan Type
Previous Owner $38,177 Unknown
Previous Owner $35,000 Seller Take Back
Previous Owner $35,000 Unknown
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
08/22/2025 08/22/25 Sold $48,000 -12.7% $39 / Sq Ft
08/13/2025 08/13/25 Pending -- -- --
08/04/2025 08/04/25 Price Changed $55,000 -14.1% $44 / Sq Ft
07/01/2025 07/01/25 For Sale $64,000 -- $52 / 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
2025 $922 $75,300 $12,300 $63,000
2024 $916 $65,600 $8,600 $57,000
2023 $746 $66,100 $6,400 $59,700
2022 $744 $48,700 $6,400 $42,300
2021 $716 $43,700 $4,800 $38,900
2020 $854 $43,700 $4,800 $38,900
2019 $820 $42,900 $3,800 $39,100
2018 $894 $42,000 $2,900 $39,100
2017 $880 $48,300 $2,900 $45,400
2015 $762 $48,300 $2,900 $45,400
2013 -- $48,300 $2,900 $45,400
Source: Public Records

Agents Affiliated with this Home

  • Megan Sorensen

    Seller's Agent in 2025

    Megan Sorensen

    eXp Realty

    (651) 247-4612

    22 Total Sales

    Megan Sorensen
    Section Image
  • Tracy Steinberg

    Buyer's Agent in 2025

    Tracy Steinberg

    ERA Gillespie Real Estate

    (507) 213-1154

    96 Total Sales

    Tracy Steinberg
    Section Image
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Map

Source: NorthstarMLS

MLS Number: 6748422

NorthstarMLS

APN: 30.200.6530

Minnesota Faribault County Wells 56097

523 2nd Ave SE, Wells, MN

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

NorthstarMLS All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of NorthstarMLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID

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