232 1st Ave
New London, MN 56273
3 bd 2 ba 1,760 sqft Built 1904 Lot 12,632 sqft single_family
Most recent sale
$239,900
Jan 24, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Dec 23, 2025 | Sold | $150,000 | NorthstarMLS |
| Nov 12, 2025 | Price changed | $159,900 | NorthstarMLS |
| Oct 13, 2025 | Price changed | $169,900 | NorthstarMLS |
| Sep 11, 2025 | Price changed | $179,900 | NorthstarMLS |
| Aug 14, 2025 | Price changed | $189,900 | NorthstarMLS |
| Jul 15, 2025 | Listed | $199,900 | NorthstarMLS |
| Oct 14, 2024 | Price changed | $246,900 | NorthstarMLS |
| Aug 23, 2024 | Price changed | $251,900 | NorthstarMLS |
| Jul 31, 2024 | Listed | $256,900 | NorthstarMLS |
| Feb 3, 2022 | Listed | $239,900 | MLS #6132596 |
| Jan 24, 2022 | Sold | $239,900 | MLS #6132596 |
| Dec 6, 2021 | Listed | $239,900 | MLS #6132596 |
| Dec 3, 2020 | Sold | $35,000 | MLS #5625818 |
| Jul 17, 2020 | Listed | $42,900 | MLS #5625818 |
| Mar 31, 2020 | Listing removed | $57,800 | NorthstarMLS |
| Jan 15, 2020 | Listed | $57,800 | MLS #5431251 |
| Nov 11, 2005 | Listing removed | $89,000 | Willmar |
| May 17, 2005 | Listed | $89,000 | MLS #16299 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $198,100 | $9,600 | $207,700 | $3,812 |
| 2023 | $170,900 | $9,600 | $180,500 | $3,384 |
| 2022 | $38,500 | $8,300 | $46,800 | $1,332 |
| 2021 | $51,900 | $8,300 | $60,200 | $1,516 |
| 2020 | $51,900 | $8,300 | $60,200 | $1,524 |
| 2019 | $53,200 | $8,300 | $61,500 | $1,486 |
| 2018 | $49,500 | $8,300 | $57,800 | $1,428 |
| 2017 | $47,400 | $7,400 | $54,800 | $1,450 |
| 2016 | $47,400 | $7,400 | $54,800 | $1,050 |
| 2015 | $46,900 | $7,400 | $54,300 | $1,036 |
| 2014 | $47,900 | $7,400 | $55,300 | $780 |
| 2013 | $31,300 | $7,400 | $38,700 | $782 |
| 2012 | $29,300 | $7,400 | $36,700 | $844 |
| 2011 | $34,900 | $7,400 | $42,300 | $726 |
Property facts
Year built
1904
Property type
single_family
Stories
1
Beds
3
Baths
2
Living area
1,760 sqft
Lot size
12,632 sqft
ZIP code
56273
City
New London
Street
1st Ave
Coordinates
45.30265, -94.95039
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$2,640
Gross rental yield
13.21%
Implied cap rate
8.58%
Trend-extrapolated value
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Frequently asked questions
When did 232 1st Ave last sell?
232 1st Ave most recently sold on Jan 24, 2022 for $239,900.
What is the current tax assessment for 232 1st Ave?
The most recent total assessment for 232 1st Ave (year 2025) is $207,700 with $3,812 in property tax.
How does 232 1st Ave's assessment compare to its last sale price?
The current assessment is 13.4% below the last sale price of $239,900.
When was 232 1st Ave built?
232 1st Ave was built in 1904.
How does 232 1st Ave compare to others on 1st Ave?
We track 8 other properties on 1st Ave. Browse the list under "Other properties on 1st Ave" to compare beds, baths, and sale history.
What are the property facts for 232 1st Ave?
232 1st Ave is a 3 bed, 2 bath, 1,760 sqft, 12,632 sqft lot single_family.
Is 232 1st Ave a flip candidate?
Yes — 232 1st Ave appears in our flips dataset, indicating it sold twice within a short window with a notable price change.
Is 232 1st Ave a tax-appeal candidate?
Yes — 232 1st Ave appears in our tax-appeal candidates list, meaning its current assessment exceeds its recent sale price by 15% or more.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+2.1%
Implied 1-yr
+8.2%
2026 Q3
$386.3K
2026 Q4
$386.3K
ZIP 56273 — Median Price History + Forecast
Explore nearby
Geography
Other properties on 1st Ave