227 Payne St
New Ulm, MN 56073
4 bd 3 ba 2,994 sqft Built 1900 Lot 4,500 sqft single_family
Most recent sale
$125,000
Mar 9, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Mar 9, 2022 | Sold | $125,000 | MLS #7028958 |
| Feb 3, 2022 | Listed | $124,900 | MLS #7028958 |
| Aug 1, 2017 | Sold | $95,000 | Public Record |
| Mar 31, 2015 | Sold | $71,000 | MLS #7005871 |
| Dec 26, 2014 | Price changed | $74,000 | MLS #7005871 |
| Dec 23, 2014 | Price changed | $78,000 | MLS #7005871 |
| Jun 27, 2014 | Listed | $93,900 | MLS #7005871 |
| May 29, 2014 | Sold | $84,900 | MLS #131816 |
| Aug 24, 2012 | Sold | $84,900 | Public Record |
| Jun 18, 2012 | Listed | $79,900 | MLS #131816 |
| Nov 28, 1997 | Sold | $58,500 | Public Record |
| Dec 8, 1990 | Sold | $33,800 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2022 | $71,500 | $25,900 | $97,400 | $1,646 |
| 2021 | $71,500 | $25,900 | $97,400 | $1,626 |
| 2020 | $71,500 | $25,900 | $97,400 | $1,552 |
| 2019 | $67,200 | $25,200 | $92,400 | $1,492 |
| 2018 | $65,100 | $25,200 | $90,300 | $996 |
| 2017 | $35,911 | $15,989 | $51,900 | $916 |
| 2016 | $32,182 | $15,418 | $47,600 | $1,008 |
| 2015 | $37,385 | $16,215 | $53,600 | $980 |
| 2014 | $37,474 | $16,226 | $53,700 | $924 |
| 2013 | $38,162 | $14,638 | $52,800 | $978 |
| 2012 | $37,982 | $14,618 | $52,600 | $914 |
| 2011 | $59,500 | $22,900 | $82,400 | $986 |
Property facts
Year built
1900
Property type
single_family
Stories
2
Beds
4
Baths
3
Living area
2,994 sqft
Lot size
4,500 sqft
ZIP code
56073
City
New Ulm
Street
Payne St
Coordinates
44.31194, -94.47020
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$750
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 227 Payne St last sell?
227 Payne St most recently sold on Mar 9, 2022 for $125,000.
What is the current tax assessment for 227 Payne St?
The most recent total assessment for 227 Payne St (year 2022) is $97,400 with $1,646 in property tax.
How does 227 Payne St's assessment compare to its last sale price?
The current assessment is 22.1% below the last sale price of $125,000.
When was 227 Payne St built?
227 Payne St was built in 1900.
How does 227 Payne St compare to others on Payne St?
We track 8 other properties on Payne St. Browse the list under "Other properties on Payne St" to compare beds, baths, and sale history.
What are the property facts for 227 Payne St?
227 Payne St is a 4 bed, 3 bath, 2,994 sqft, 4,500 sqft lot single_family.
Is 227 Payne St a flip candidate?
No — 227 Payne St does not appear in our flips dataset.
Is 227 Payne St a tax-appeal candidate?
No — 227 Payne 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 Payne St