405 1st Ave
New London, MN 56273
4 bd 3 ba 2,919 sqft Built 1900 Lot 60,548 sqft single_family
Most recent sale
$352,000
Apr 15, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| May 12, 2023 | Sold | $390,000 | NorthstarMLS |
| Apr 15, 2022 | Sold | $352,000 | MLS #6141662 |
| Feb 14, 2022 | Price changed | $387,700 | MLS #6141662 |
| Jan 12, 2022 | Listed | $397,700 | MLS #6141662 |
| Oct 24, 2019 | Sold | $297,000 | Public Record |
| Feb 23, 2019 | Listing removed | $139,900 | NorthstarMLS |
| Jun 13, 2011 | Listing removed | $139,900 | NorthstarMLS |
| Mar 24, 2010 | Listing removed | $139,900 | Willmar |
| Feb 13, 2010 | Price changed | $139,900 | MLS #31712 |
| Nov 18, 2009 | Listed | $139,900 | MLS #5158311 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2022 | $296,600 | $39,800 | $336,400 | $6,316 |
| 2021 | $12,600 | $298,683 | $311,283 | $5,446 |
| 2020 | $12,600 | $298,683 | $311,283 | $5,012 |
| 2019 | $12,600 | $276,728 | $289,328 | $4,716 |
| 2018 | $12,600 | $252,094 | $264,694 | $4,152 |
| 2017 | $12,600 | $220,157 | $232,757 | $1,714 |
| 2016 | $94,800 | $5,082 | $99,882 | $1,702 |
| 2015 | $95,800 | $5,172 | $100,972 | $1,630 |
| 2014 | $100,200 | — | $100,200 | $1,372 |
| 2013 | — | $83,600 | $83,600 | $1,348 |
| 2012 | — | $77,200 | $77,200 | $1,508 |
| 2011 | — | $91,200 | $91,200 | $1,346 |
Property facts
Year built
1900
Property type
single_family
Stories
2
Beds
4
Baths
3
Living area
2,919 sqft
Lot size
60,548 sqft
ZIP code
56273
City
New London
Street
1st Ave
Coordinates
45.30300, -94.93711
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$2,112
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
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Frequently asked questions
When did 405 1st Ave last sell?
405 1st Ave most recently sold on Apr 15, 2022 for $352,000.
What is the current tax assessment for 405 1st Ave?
The most recent total assessment for 405 1st Ave (year 2022) is $336,400 with $6,316 in property tax.
How does 405 1st Ave's assessment compare to its last sale price?
The current assessment is 4.4% below the last sale price of $352,000.
When was 405 1st Ave built?
405 1st Ave was built in 1900.
How does 405 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 405 1st Ave?
405 1st Ave is a 4 bed, 3 bath, 2,919 sqft, 60,548 sqft lot single_family.
Is 405 1st Ave a flip candidate?
No — 405 1st Ave does not appear in our flips dataset.
Is 405 1st Ave a tax-appeal candidate?
No — 405 1st Ave is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+2.1%
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