507 1st St
Hayfield, MN 55940
3 bd 2 ba 1,723 sqft Built 1959 Lot 9,148 sqft single_family
Most recent sale
$192,500
Jul 29, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Jul 29, 2022 | Sold | $192,500 | MLS #6220543 |
| Jun 22, 2022 | Listed | $184,900 | MLS #6220543 |
| Aug 26, 2020 | Sold | $158,000 | Public Record |
| Jul 22, 2019 | Sold | $111,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $111,362 | $14,238 | $125,600 | $2,034 |
| 2023 | $108,611 | $14,989 | $123,600 | $1,972 |
| 2022 | $87,034 | $14,266 | $101,300 | $1,894 |
| 2021 | $81,387 | $14,113 | $95,500 | $1,826 |
| 2020 | $81,387 | $14,113 | $95,500 | $1,610 |
| 2019 | $62,929 | $13,171 | $76,100 | $1,510 |
| 2018 | $57,195 | $12,805 | $70,000 | $1,208 |
| 2017 | $40,926 | $11,474 | $52,400 | $1,082 |
| 2016 | $40,204 | $11,396 | $51,600 | $1,010 |
| 2015 | $40,571 | $11,429 | $52,000 | $1,038 |
| 2014 | $45,590 | $11,910 | $57,500 | $978 |
| 2013 | $45,590 | $11,910 | $57,500 | $1,058 |
| 2012 | $46,507 | $11,993 | $58,500 | $1,084 |
| 2011 | $47,103 | $13,497 | $60,600 | $1,066 |
| 2010 | $70,800 | $20,000 | $90,800 | $1,232 |
Property facts
Year built
1959
Property type
single_family
Stories
1
Beds
3
Baths
2
Living area
1,723 sqft
Lot size
9,148 sqft
ZIP code
55940
City
Hayfield
Street
1st St
Coordinates
43.88932, -92.83962
Comparable properties nearby
Block-level micro-comps
Same street, ±3 house numbers, sold in the last 24 monthsInvestment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$1,155
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 507 1st St last sell?
507 1st St most recently sold on Jul 29, 2022 for $192,500.
What is the current tax assessment for 507 1st St?
The most recent total assessment for 507 1st St (year 2025) is $125,600 with $2,034 in property tax.
How does 507 1st St's assessment compare to its last sale price?
The current assessment is 34.8% below the last sale price of $192,500.
When was 507 1st St built?
507 1st St was built in 1959.
How does 507 1st St compare to others on 1st St?
We track 8 other properties on 1st St. Browse the list under "Other properties on 1st St" to compare beds, baths, and sale history.
What are the property facts for 507 1st St?
507 1st St is a 3 bed, 2 bath, 1,723 sqft, 9,148 sqft lot single_family.
Is 507 1st St a flip candidate?
Yes — 507 1st St appears in our flips dataset, indicating it sold twice within a short window with a notable price change.
Is 507 1st St a tax-appeal candidate?
No — 507 1st St is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+2.8%
Implied 1-yr
+11.1%
2026 Q3
$360.4K
2026 Q4
$368.9K
ZIP 55940 — Median Price History + Forecast
Explore nearby
Geography
Other properties on 1st St