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320 Business 23

Paynesville, MN 56362

4 bd 3 ba 1,956 sqft Built 1885 Lot 6,743 sqft single_family
Most recent sale
$176,500
Aug 26, 2022

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
Aug 26, 2022 Sold $176,500 MLS #6214210
Jul 21, 2022 Listed $179,900 MLS #6214210

Tax assessment history

YearBuildingLandTotal assessedTax paid
2020 $66,000 $846
2019 $58,800 $790
2018 $57,900 $698
2017 $48,700 $732
2016 $50,200 $720
2015 $51,000 $704
2014 $49,300 $746
2013 $53,700 $848
2012 $58,100 $814
2011 $60,100 $812
2010 $70,500 $22,100 $92,600 $764

Property facts

Year built
1885
Property type
single_family
Stories
2
Beds
4
Baths
3
Living area
1,956 sqft
Lot size
6,743 sqft
ZIP code
56362
City
Paynesville
Street
Business 23
Coordinates
45.38151, -94.71800

Comparable properties nearby

Block-level micro-comps

Same street, ±3 house numbers, sold in the last 24 months

Investment analysis

Estimates based on local averages — not personalized advice
Estimated monthly rent
$1,059
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value

Frequently asked questions

When did 320 Business 23 last sell?
320 Business 23 most recently sold on Aug 26, 2022 for $176,500.
What is the current tax assessment for 320 Business 23?
The most recent total assessment for 320 Business 23 (year 2020) is $66,000 with $846 in property tax.
How does 320 Business 23's assessment compare to its last sale price?
The current assessment is 62.6% below the last sale price of $176,500.
When was 320 Business 23 built?
320 Business 23 was built in 1885.
How does 320 Business 23 compare to others on Business 23?
We track 8 other properties on Business 23. Browse the list under "Other properties on Business 23" to compare beds, baths, and sale history.
What are the property facts for 320 Business 23?
320 Business 23 is a 4 bed, 3 bath, 1,956 sqft, 6,743 sqft lot single_family.
Is 320 Business 23 a flip candidate?
No — 320 Business 23 does not appear in our flips dataset.
Is 320 Business 23 a tax-appeal candidate?
No — 320 Business 23 is not currently flagged as a tax-appeal candidate.

Forecast for this area

ZIP-area linear projection — not a per-property automated valuation
Quarterly trend
-0.5%
Implied 1-yr
-2.1%
2026 Q2
$223.8K
2026 Q3
$222.6K
ZIP 56362 — Median Price History + Forecast

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