712 Water St
Sleepy Eye, MN 56085
3 bd 1 ba 680 sqft Built 1948 Lot 7,000 sqft single_family
Most recent sale
$38,000
Nov 29, 2021
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Jan 31, 2023 | Sold | $79,500 | Public Record |
| Nov 29, 2021 | Sold | $38,000 | MLS #7028556 |
| Dec 17, 1999 | Sold | $26,500 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $53,800 | $14,900 | $68,700 | $900 |
| 2022 | $13,585 | $7,815 | $21,400 | $354 |
| 2021 | $13,800 | $7,800 | $21,600 | $350 |
| 2020 | $12,685 | $7,815 | $20,500 | $334 |
| 2019 | $12,515 | $7,785 | $20,300 | $318 |
| 2018 | $11,485 | $6,915 | $18,400 | $722 |
| 2017 | $11,653 | $6,547 | $18,200 | $724 |
| 2016 | $11,160 | $6,540 | $17,700 | $728 |
| 2015 | $11,267 | $6,533 | $17,800 | $734 |
| 2014 | $11,460 | $6,540 | $18,000 | $730 |
| 2013 | $11,974 | $6,526 | $18,500 | $752 |
| 2012 | $16,600 | $9,500 | $26,100 | $298 |
Property facts
Year built
1948
Property type
single_family
Stories
1
Beds
3
Baths
1
Living area
680 sqft
Lot size
7,000 sqft
ZIP code
56085
City
Sleepy Eye
Street
Water St
Coordinates
44.29439, -94.73249
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
$228
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 712 Water St last sell?
712 Water St most recently sold on Nov 29, 2021 for $38,000.
What is the current tax assessment for 712 Water St?
The most recent total assessment for 712 Water St (year 2025) is $68,700 with $900 in property tax.
How does 712 Water St's assessment compare to its last sale price?
The current assessment is 80.8% above the last sale price of $38,000.
When was 712 Water St built?
712 Water St was built in 1948.
How does 712 Water St compare to others on Water St?
We track 8 other properties on Water St. Browse the list under "Other properties on Water St" to compare beds, baths, and sale history.
What are the property facts for 712 Water St?
712 Water St is a 3 bed, 1 bath, 680 sqft, 7,000 sqft lot single_family.
Is 712 Water St a flip candidate?
Yes — 712 Water St appears in our flips dataset, indicating it sold twice within a short window with a notable price change.
Is 712 Water St a tax-appeal candidate?
No — 712 Water 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 Water St