720 Payne St
New Ulm, MN 56073
3 bd 2 ba 2,080 sqft Built 1961 Lot 7,841 sqft single_family
Most recent sale
$195,000
Feb 25, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Feb 25, 2022 | Sold | $195,000 | MLS #7028890 |
| Jan 19, 2022 | Listed | $195,900 | MLS #7028890 |
| Feb 28, 2019 | Sold | $132,500 | Public Record |
| May 29, 2014 | Sold | $132,500 | MLS #7001948 |
| May 30, 2013 | Sold | $132,500 | Public Record |
| Apr 18, 2013 | Price changed | $131,900 | MLS #7001948 |
| Apr 8, 2013 | Listed | $134,900 | MLS #7001948 |
| Dec 1, 2005 | Sold | $133,500 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2022 | $81,501 | $26,599 | $108,100 | $1,884 |
| 2021 | $88,843 | $27,057 | $115,900 | $1,994 |
| 2020 | $88,843 | $27,057 | $115,900 | $1,852 |
| 2019 | $81,455 | $24,945 | $106,400 | $1,804 |
| 2018 | $80,329 | $24,871 | $105,200 | $1,698 |
| 2017 | $69,875 | $24,125 | $94,000 | $1,638 |
| 2016 | $67,277 | $23,923 | $91,200 | $1,618 |
| 2015 | $66,734 | $23,866 | $90,600 | $1,534 |
| 2014 | $64,970 | $23,730 | $88,700 | $1,434 |
| 2013 | $65,179 | $21,421 | $86,600 | $1,534 |
| 2012 | $65,838 | $21,462 | $87,300 | $1,436 |
| 2011 | $86,200 | $28,100 | $114,300 | $1,430 |
Property facts
Year built
1961
Property type
single_family
Stories
1
Beds
3
Baths
2
Living area
2,080 sqft
Lot size
7,841 sqft
ZIP code
56073
City
New Ulm
Street
Payne St
Coordinates
44.30148, -94.46051
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
$1,170
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 720 Payne St last sell?
720 Payne St most recently sold on Feb 25, 2022 for $195,000.
What is the current tax assessment for 720 Payne St?
The most recent total assessment for 720 Payne St (year 2022) is $108,100 with $1,884 in property tax.
How does 720 Payne St's assessment compare to its last sale price?
The current assessment is 44.6% below the last sale price of $195,000.
When was 720 Payne St built?
720 Payne St was built in 1961.
How does 720 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 720 Payne St?
720 Payne St is a 3 bed, 2 bath, 2,080 sqft, 7,841 sqft lot single_family.
Is 720 Payne St a flip candidate?
No — 720 Payne St does not appear in our flips dataset.
Is 720 Payne St a tax-appeal candidate?
No — 720 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