1501 Franklin St
New Ulm, MN 56073
3 bd 2 ba 2,272 sqft Built 1964 Lot 5,050 sqft single_family
Most recent sale
$219,900
May 23, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Mar 6, 2026 | Sold | $275,000 | Mankato |
| Dec 8, 2025 | Listed | $274,900 | Mankato |
| May 23, 2022 | Sold | $219,900 | MLS #7029543 |
| Apr 21, 2022 | Listed | $219,900 | MLS #7029543 |
| Oct 10, 2014 | Sold | $114,900 | MLS #7006496 |
| Aug 12, 2014 | Listed | $114,900 | MLS #7006496 |
| Nov 30, 2011 | Sold | $112,500 | MLS #129783 |
| Oct 31, 2011 | Listed | $110,900 | MLS #129783 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | — | — | $176,682 | $2,768 |
| 2023 | — | — | $128,000 | $2,240 |
| 2022 | $82,448 | $20,752 | $103,200 | $1,802 |
| 2021 | $83,216 | $20,784 | $104,000 | $1,798 |
| 2020 | $75,932 | $19,768 | $95,700 | $1,675 |
| 2019 | $74,707 | $19,693 | $94,400 | $1,626 |
| 2018 | $64,870 | $19,030 | $83,900 | $1,736 |
| 2017 | $62,093 | $18,807 | $80,900 | $1,468 |
| 2016 | $60,794 | $18,706 | $79,500 | $1,434 |
| 2015 | $57,567 | $18,433 | $76,000 | $1,332 |
| 2014 | $56,840 | $16,560 | $73,400 | $1,236 |
| 2013 | $56,200 | $16,500 | $72,700 | $1,300 |
| 2012 | $73,400 | $22,900 | $96,300 | $1,342 |
Property facts
Year built
1964
Property type
single_family
Stories
1
Beds
3
Baths
2
Living area
2,272 sqft
Lot size
5,050 sqft
ZIP code
56073
City
New Ulm
Street
Franklin St
Coordinates
44.29588, -94.45015
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
$1,319
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 1501 Franklin St last sell?
1501 Franklin St most recently sold on May 23, 2022 for $219,900.
What is the current tax assessment for 1501 Franklin St?
The most recent total assessment for 1501 Franklin St (year 2025) is $176,682 with $2,768 in property tax.
How does 1501 Franklin St's assessment compare to its last sale price?
The current assessment is 19.7% below the last sale price of $219,900.
When was 1501 Franklin St built?
1501 Franklin St was built in 1964.
How does 1501 Franklin St compare to others on Franklin St?
We track 8 other properties on Franklin St. Browse the list under "Other properties on Franklin St" to compare beds, baths, and sale history.
What are the property facts for 1501 Franklin St?
1501 Franklin St is a 3 bed, 2 bath, 2,272 sqft, 5,050 sqft lot single_family.
Is 1501 Franklin St a flip candidate?
No — 1501 Franklin St does not appear in our flips dataset.
Is 1501 Franklin St a tax-appeal candidate?
No — 1501 Franklin 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
+2.0%
Implied 1-yr
+8.1%
2026 Q3
$254.1K
2026 Q4
$258.6K
ZIP 56073 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Franklin St