516 Summit St
Sleepy Eye, MN 56085
3 bd 1 ba 1,920 sqft Built 1958 Lot 8,712 sqft single_family
Most recent sale
$115,000
Nov 30, 2021
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Oct 31, 2023 | Sold | $167,000 | Mankato |
| Sep 20, 2023 | Listed | $162,000 | Mankato |
| Nov 30, 2021 | Sold | $115,000 | MLS #7028236 |
| Dec 16, 2011 | Sold | $78,900 | Public Record |
| Feb 7, 2011 | Listing removed | $86,900 | Mankato |
| Jul 26, 2010 | Price changed | $86,900 | MLS #123326 |
| Jun 9, 2010 | Price changed | $89,900 | MLS #123326 |
| Feb 8, 2010 | Listed | $94,900 | MLS #123326 |
| Apr 28, 2006 | Sold | $81,267 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2022 | $57,596 | $10,504 | $68,100 | $1,106 |
| 2021 | $86,100 | $14,900 | $101,000 | $1,544 |
| 2020 | $86,100 | $14,900 | $101,000 | $1,440 |
| 2019 | $79,800 | $14,200 | $94,000 | $1,382 |
| 2018 | $79,700 | $14,200 | $93,900 | $928 |
| 2017 | $49,353 | $8,347 | $57,700 | $842 |
| 2016 | $45,639 | $7,361 | $53,000 | $764 |
| 2015 | $40,656 | $6,644 | $47,300 | $784 |
| 2014 | $43,096 | $7,204 | $50,300 | $796 |
| 2013 | $47,428 | $7,472 | $54,900 | $840 |
| 2012 | $49,327 | $7,573 | $56,900 | $742 |
| 2011 | $66,400 | $9,500 | $75,900 | $872 |
Property facts
Year built
1958
Property type
single_family
Stories
1
Beds
3
Baths
1
Living area
1,920 sqft
Lot size
8,712 sqft
ZIP code
56085
City
Sleepy Eye
Street
Summit St
Coordinates
44.29235, -94.71604
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$690
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
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Frequently asked questions
When did 516 Summit St last sell?
516 Summit St most recently sold on Nov 30, 2021 for $115,000.
What is the current tax assessment for 516 Summit St?
The most recent total assessment for 516 Summit St (year 2022) is $68,100 with $1,106 in property tax.
How does 516 Summit St's assessment compare to its last sale price?
The current assessment is 40.8% below the last sale price of $115,000.
When was 516 Summit St built?
516 Summit St was built in 1958.
How does 516 Summit St compare to others on Summit St?
We track 8 other properties on Summit St. Browse the list under "Other properties on Summit St" to compare beds, baths, and sale history.
What are the property facts for 516 Summit St?
516 Summit St is a 3 bed, 1 bath, 1,920 sqft, 8,712 sqft lot single_family.
Is 516 Summit St a flip candidate?
Yes — 516 Summit St appears in our flips dataset, indicating it sold twice within a short window with a notable price change.
Is 516 Summit St a tax-appeal candidate?
No — 516 Summit 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
-3.5%
Implied 1-yr
-13.9%
2026 Q3
$131.6K
2026 Q4
$125.7K
ZIP 56085 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Summit St