261 2nd St
Richmond, MN 56368
3 bd 1 ba 1,546 sqft Built 1918 Lot 14,375 sqft single_family
Most recent sale
$163,000
Sep 30, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Sep 30, 2022 | Sold | $163,000 | MLS #6244951 |
| Aug 5, 2022 | Listed | $179,900 | MLS #6244951 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2022 | $60,300 | $32,000 | $92,300 | $1,378 |
| 2020 | — | — | $63,300 | $1,010 |
| 2019 | — | — | $60,100 | $946 |
| 2018 | — | — | $54,200 | $932 |
| 2017 | — | — | $52,100 | $874 |
| 2016 | — | — | $47,200 | $876 |
| 2015 | — | — | $48,200 | $858 |
| 2014 | — | — | $44,800 | $882 |
| 2013 | — | — | $48,300 | $1,102 |
| 2012 | — | — | $49,900 | $1,132 |
| 2011 | — | — | $53,900 | $1,232 |
| 2010 | $55,000 | $30,000 | $85,000 | $1,242 |
Property facts
Year built
1918
Property type
single_family
Stories
2
Beds
3
Baths
1
Living area
1,546 sqft
Lot size
14,375 sqft
ZIP code
56368
City
Richmond
Street
2nd St
Coordinates
45.45172, -94.52265
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
$978
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 261 2nd St last sell?
261 2nd St most recently sold on Sep 30, 2022 for $163,000.
What is the current tax assessment for 261 2nd St?
The most recent total assessment for 261 2nd St (year 2022) is $92,300 with $1,378 in property tax.
How does 261 2nd St's assessment compare to its last sale price?
The current assessment is 43.4% below the last sale price of $163,000.
When was 261 2nd St built?
261 2nd St was built in 1918.
How does 261 2nd St compare to others on 2nd St?
We track 8 other properties on 2nd St. Browse the list under "Other properties on 2nd St" to compare beds, baths, and sale history.
What are the property facts for 261 2nd St?
261 2nd St is a 3 bed, 1 bath, 1,546 sqft, 14,375 sqft lot single_family.
Is 261 2nd St a flip candidate?
No — 261 2nd St does not appear in our flips dataset.
Is 261 2nd St a tax-appeal candidate?
No — 261 2nd 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
+0.8%
Implied 1-yr
+3.0%
2026 Q3
$392.2K
2026 Q4
$395K
ZIP 56368 — Median Price History + Forecast
Explore nearby
Geography
Other properties on 2nd St