505 Main St
Richmond, MN 56368
3 bd 3 ba 2,646 sqft Built 1998 Lot 15,246 sqft single_family
Most recent sale
$231,000
Jan 6, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Jan 6, 2022 | Sold | $231,000 | MLS #6129389 |
| Nov 23, 2021 | Listed | $225,000 | MLS #6129389 |
| Dec 1, 2014 | Listing removed | $154,900 | NorthstarMLS |
| Nov 26, 2014 | Relisted | $154,900 | MLS #4095658 |
| May 18, 2012 | Sold | $150,000 | Public Record |
| Apr 10, 2012 | Listing removed | $154,900 | NorthstarMLS |
| Jan 30, 2012 | Listing removed | $159,900 | NorthstarMLS |
| Oct 17, 2011 | Listed | $159,900 | MLS #4095658 |
| Oct 14, 2010 | Sold | $150,000 | MLS #3915029 |
| Sep 29, 2010 | Relisted | $159,000 | MLS #3915029 |
| Sep 8, 2010 | Listing removed | $159,000 | NorthstarMLS |
| Aug 28, 2010 | Price changed | $159,000 | MLS #3915029 |
| Apr 20, 2010 | Listed | $169,000 | MLS #3915029 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2020 | — | — | $197,200 | $3,040 |
| 2019 | — | — | $190,000 | $2,860 |
| 2018 | — | — | $171,400 | $2,768 |
| 2017 | — | — | $162,300 | $2,604 |
| 2016 | — | — | $148,400 | $2,600 |
| 2015 | — | — | $150,000 | $2,476 |
| 2014 | — | — | $135,700 | $2,380 |
| 2013 | — | — | $135,000 | $2,276 |
| 2012 | — | — | $129,700 | $2,684 |
| 2011 | $129,200 | $32,000 | $161,200 | $2,302 |
| 2010 | $130,000 | $32,000 | $162,000 | $2,350 |
Property facts
Year built
1998
Property type
single_family
Stories
1
Beds
3
Baths
3
Living area
2,646 sqft
Lot size
15,246 sqft
ZIP code
56368
City
Richmond
Street
Main St
Coordinates
45.45374, -94.51045
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
$1,386
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 505 Main St last sell?
505 Main St most recently sold on Jan 6, 2022 for $231,000.
What is the current tax assessment for 505 Main St?
The most recent total assessment for 505 Main St (year 2020) is $197,200 with $3,040 in property tax.
How does 505 Main St's assessment compare to its last sale price?
The current assessment is 14.6% below the last sale price of $231,000.
When was 505 Main St built?
505 Main St was built in 1998.
How does 505 Main St compare to others on Main St?
We track 8 other properties on Main St. Browse the list under "Other properties on Main St" to compare beds, baths, and sale history.
What are the property facts for 505 Main St?
505 Main St is a 3 bed, 3 bath, 2,646 sqft, 15,246 sqft lot single_family.
Is 505 Main St a flip candidate?
No — 505 Main St does not appear in our flips dataset.
Is 505 Main St a tax-appeal candidate?
No — 505 Main 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 Main St