505 Section Ave
Spring Valley, MN 55975
2 bd 1 ba 1,608 sqft Built 1876 Lot 7,579 sqft single_family
Most recent sale
$120,000
Feb 18, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Jul 5, 2023 | Sold | $120,000 | NorthstarMLS |
| Feb 18, 2022 | Sold | $120,000 | MLS #6138463 |
| Dec 31, 2021 | Listed | $114,900 | MLS #6138463 |
| Jul 25, 2012 | Listing removed | $69,900 | Mankato |
| May 12, 2012 | Listed | $69,900 | Mankato |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2021 | $70,800 | $19,900 | $90,700 | $964 |
| 2020 | $40,761 | $8,239 | $49,000 | $956 |
| 2019 | $40,761 | $8,239 | $49,000 | $788 |
| 2018 | $30,016 | $7,984 | $38,000 | $676 |
| 2017 | $29,311 | $7,989 | $37,300 | $648 |
| 2016 | $27,811 | $7,989 | $35,800 | $622 |
| 2015 | $30,016 | $7,984 | $38,000 | $624 |
| 2014 | $30,016 | $7,984 | $38,000 | $632 |
| 2013 | $30,616 | $7,984 | $38,600 | $674 |
| 2012 | $30,600 | $8,400 | $39,000 | $686 |
Property facts
Year built
1876
Property type
single_family
Stories
1
Beds
2
Baths
1
Living area
1,608 sqft
Lot size
7,579 sqft
ZIP code
55975
City
Spring Valley
Street
Section Ave
Coordinates
43.68378, -92.38884
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
$720
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 505 Section Ave last sell?
505 Section Ave most recently sold on Feb 18, 2022 for $120,000.
What is the current tax assessment for 505 Section Ave?
The most recent total assessment for 505 Section Ave (year 2021) is $90,700 with $964 in property tax.
How does 505 Section Ave's assessment compare to its last sale price?
The current assessment is 24.4% below the last sale price of $120,000.
When was 505 Section Ave built?
505 Section Ave was built in 1876.
How does 505 Section Ave compare to others on Section Ave?
We track 8 other properties on Section Ave. Browse the list under "Other properties on Section Ave" to compare beds, baths, and sale history.
What are the property facts for 505 Section Ave?
505 Section Ave is a 2 bed, 1 bath, 1,608 sqft, 7,579 sqft lot single_family.
Is 505 Section Ave a flip candidate?
No — 505 Section Ave does not appear in our flips dataset.
Is 505 Section Ave a tax-appeal candidate?
No — 505 Section 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
+3.3%
Implied 1-yr
+13.2%
2026 Q3
$264.5K
2026 Q4
$271.7K
ZIP 55975 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Section Ave