506 7th Ave
Rice, MN 56367
4 bd 2 ba 2,280 sqft Built 2006 Lot 15,377 sqft single_family
Most recent sale
$295,000
Jul 22, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Jul 22, 2022 | Sold | $295,000 | MLS #6202021 |
| May 25, 2022 | Listed | $299,000 | MLS #6202021 |
| Aug 31, 2012 | Sold | $170,000 | MLS #4171409 |
| Jul 11, 2012 | Listed | $174,900 | MLS #4171409 |
| May 9, 2012 | Listing removed | $174,900 | NorthstarMLS |
| Dec 13, 2011 | Price changed | $174,900 | MLS #4078772 |
| Sep 23, 2011 | Price changed | $176,900 | MLS #4078772 |
| Sep 8, 2011 | Price changed | $183,900 | MLS #4078772 |
| Aug 18, 2011 | Listed | $189,000 | MLS #4078772 |
| Jun 23, 2006 | Sold | $33,950 | Public Record |
| Jan 28, 2005 | Sold | $339,500 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2020 | — | — | $184,200 | $2,500 |
| 2019 | — | — | $172,700 | $2,284 |
| 2018 | — | — | $155,600 | $2,160 |
| 2017 | $122,330 | $19,870 | $142,200 | $2,094 |
| 2016 | $116,706 | $19,694 | $136,400 | $2,036 |
| 2015 | $112,157 | $19,543 | $131,700 | $1,968 |
| 2014 | $105,315 | $14,985 | $120,300 | $1,884 |
| 2013 | $97,762 | $14,738 | $112,500 | $1,908 |
| 2012 | $99,021 | $14,779 | $113,800 | $1,746 |
| 2011 | $99,597 | $16,503 | $116,100 | $1,696 |
| 2010 | $122,000 | $20,000 | $142,000 | $1,660 |
Property facts
Year built
2006
Property type
single_family
Stories
2
Beds
4
Baths
2
Living area
2,280 sqft
Lot size
15,377 sqft
ZIP code
56367
City
Rice
Street
7th Ave
Coordinates
45.74602, -94.22741
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
$3,420
Gross rental yield
13.91%
Implied cap rate
9.04%
Trend-extrapolated value
—
Frequently asked questions
When did 506 7th Ave last sell?
506 7th Ave most recently sold on Jul 22, 2022 for $295,000.
What is the current tax assessment for 506 7th Ave?
The most recent total assessment for 506 7th Ave (year 2020) is $184,200 with $2,500 in property tax.
How does 506 7th Ave's assessment compare to its last sale price?
The current assessment is 37.6% below the last sale price of $295,000.
When was 506 7th Ave built?
506 7th Ave was built in 2006.
How does 506 7th Ave compare to others on 7th Ave?
We track 8 other properties on 7th Ave. Browse the list under "Other properties on 7th Ave" to compare beds, baths, and sale history.
What are the property facts for 506 7th Ave?
506 7th Ave is a 4 bed, 2 bath, 2,280 sqft, 15,377 sqft lot single_family.
Is 506 7th Ave a flip candidate?
No — 506 7th Ave does not appear in our flips dataset.
Is 506 7th Ave a tax-appeal candidate?
No — 506 7th 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
+12.1%
2026 Q3
$391.2K
2026 Q4
$401.1K
ZIP 56367 — Median Price History + Forecast
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