508 1st Ave
Pine Island, MN 55963
2 bd 2 ba 1,992 sqft Built 1880 Lot 10,454 sqft single_family
Most recent sale
$273,000
Apr 1, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Apr 1, 2022 | Sold | $273,000 | MLS #6129828 |
| Jan 24, 2022 | Relisted | $279,900 | MLS #6129828 |
| Jan 17, 2022 | Listing removed | $299,900 | NorthstarMLS |
| Nov 22, 2021 | Listed | $299,900 | MLS #6129828 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2023 | $151,939 | $35,461 | $187,400 | $3,182 |
| 2022 | $117,658 | $34,142 | $151,800 | $2,890 |
| 2021 | $112,942 | $26,858 | $139,800 | $2,502 |
| 2020 | $104,044 | $26,456 | $130,500 | $2,362 |
| 2019 | $106,143 | $26,557 | $132,700 | $2,410 |
| 2018 | $90,259 | $25,741 | $116,000 | $2,140 |
| 2017 | $80,373 | $25,127 | $105,500 | $1,884 |
| 2016 | — | — | $100,900 | $1,842 |
| 2015 | — | — | $91,800 | $1,616 |
| 2014 | $67,158 | $27,442 | $94,600 | $1,438 |
| 2013 | $64,586 | $27,214 | $91,800 | $1,502 |
| 2012 | $66,829 | $30,771 | $97,600 | $1,708 |
| 2011 | $99,100 | $35,600 | $134,700 | $1,758 |
| 2010 | $99,100 | $35,600 | $134,700 | $1,770 |
| 2008 | — | — | $145,100 | $1,883 |
| 2006 | — | — | $129,400 | $1,282 |
Property facts
Year built
1880
Property type
single_family
Stories
1
Beds
2
Baths
2
Living area
1,992 sqft
Lot size
10,454 sqft
ZIP code
55963
City
Pine Island
Street
1st Ave
Coordinates
44.19784, -92.64541
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
$2,988
Gross rental yield
13.13%
Implied cap rate
8.54%
Trend-extrapolated value
—
Frequently asked questions
When did 508 1st Ave last sell?
508 1st Ave most recently sold on Apr 1, 2022 for $273,000.
What is the current tax assessment for 508 1st Ave?
The most recent total assessment for 508 1st Ave (year 2023) is $187,400 with $3,182 in property tax.
How does 508 1st Ave's assessment compare to its last sale price?
The current assessment is 31.4% below the last sale price of $273,000.
When was 508 1st Ave built?
508 1st Ave was built in 1880.
How does 508 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 508 1st Ave?
508 1st Ave is a 2 bed, 2 bath, 1,992 sqft, 10,454 sqft lot single_family.
Is 508 1st Ave a flip candidate?
No — 508 1st Ave does not appear in our flips dataset.
Is 508 1st Ave a tax-appeal candidate?
No — 508 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