505 1st Ave
Pine Island, MN 55963
3 bd 2 ba 1,704 sqft Built 1965 Lot 6,534 sqft single_family
Most recent sale
$262,000
Jun 27, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Oct 18, 2023 | Sold | $270,000 | NorthstarMLS |
| Jun 27, 2022 | Sold | $262,000 | MLS #6193980 |
| May 12, 2022 | Listed | $230,000 | MLS #6193980 |
| Aug 19, 2020 | Sold | $195,000 | MLS #5570379 |
| May 21, 2020 | Listed | $199,900 | MLS #5570379 |
| Mar 16, 2015 | Sold | $115,900 | Public Record |
| Nov 15, 2011 | Sold | $94,500 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2023 | $118,792 | $27,808 | $146,600 | $2,500 |
| 2022 | $83,104 | $25,996 | $109,100 | $2,096 |
| 2021 | $79,858 | $20,342 | $100,200 | $1,808 |
| 2020 | $72,506 | $19,894 | $92,400 | $1,686 |
| 2019 | $73,363 | $19,937 | $93,300 | $1,712 |
| 2018 | $61,606 | $19,094 | $80,700 | $1,504 |
| 2017 | $53,883 | $18,417 | $72,300 | $1,308 |
| 2016 | — | — | $57,900 | $1,080 |
| 2015 | — | — | $52,000 | $938 |
| 2014 | $36,100 | $18,700 | $54,800 | $852 |
| 2013 | $34,478 | $18,422 | $52,900 | $890 |
| 2012 | $36,151 | $21,149 | $57,300 | $1,028 |
| 2011 | $63,200 | $34,300 | $97,500 | $1,170 |
| 2010 | $63,200 | $34,300 | $97,500 | $1,124 |
| 2008 | — | — | $97,500 | $1,142 |
| 2006 | — | — | $92,800 | $814 |
Property facts
Year built
1965
Property type
single_family
Stories
1
Beds
3
Baths
2
Living area
1,704 sqft
Lot size
6,534 sqft
ZIP code
55963
City
Pine Island
Street
1st Ave
Coordinates
44.19781, -92.64715
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
$2,556
Gross rental yield
11.71%
Implied cap rate
7.61%
Trend-extrapolated value
—
Frequently asked questions
When did 505 1st Ave last sell?
505 1st Ave most recently sold on Jun 27, 2022 for $262,000.
What is the current tax assessment for 505 1st Ave?
The most recent total assessment for 505 1st Ave (year 2023) is $146,600 with $2,500 in property tax.
How does 505 1st Ave's assessment compare to its last sale price?
The current assessment is 44.0% below the last sale price of $262,000.
When was 505 1st Ave built?
505 1st Ave was built in 1965.
How does 505 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 505 1st Ave?
505 1st Ave is a 3 bed, 2 bath, 1,704 sqft, 6,534 sqft lot single_family.
Is 505 1st Ave a flip candidate?
Yes — 505 1st Ave appears in our flips dataset, indicating it sold twice within a short window with a notable price change.
Is 505 1st Ave a tax-appeal candidate?
No — 505 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
-3.0%
Implied 1-yr
-12.0%
2026 Q3
$292.5K
2026 Q4
$281.6K
ZIP 55963 — Median Price History + Forecast
Explore nearby
Geography
Other properties on 1st Ave