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123 Paffrath Ave

Springfield, MN 56087

3 bd 2 ba 2,400 sqft Built 1977 Lot 7,100 sqft single_family
Most recent sale
$195,000
May 10, 2022

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
May 10, 2022 Sold $195,000 MLS #6174234
Apr 6, 2022 Listed $195,000 MLS #6174234

Tax assessment history

YearBuildingLandTotal assessedTax paid
2025 $179,952 $3,544
2023 $132,909 $2,958
2022 $114,812 $4,988 $119,800 $2,844
2021 $111,447 $4,953 $116,400 $2,556
2020 $111,447 $4,953 $116,400 $2,536
2019 $109,862 $4,938 $114,800 $2,490
2018 $108,874 $4,926 $113,800 $2,366
2017 $107,981 $4,919 $112,900 $2,172
2016 $98,438 $4,562 $103,000 $2,120
2015 $92,806 $4,494 $97,300 $2,026
2014 $92,905 $4,495 $97,400 $1,988
2013 $92,806 $4,494 $97,300 $1,932
2012 $86,197 $4,403 $90,600 $1,683
2011 $111,600 $5,700 $117,300 $2,098

Property facts

Year built
1977
Property type
single_family
Stories
1
Beds
3
Baths
2
Living area
2,400 sqft
Lot size
7,100 sqft
ZIP code
56087
City
Springfield
Street
Paffrath Ave
Coordinates
44.24070, -94.98588

Comparable properties nearby

Block-level micro-comps

Same street, ±3 house numbers, sold in the last 24 months

Investment analysis

Estimates based on local averages — not personalized advice
Estimated monthly rent
$1,170
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value

Frequently asked questions

When did 123 Paffrath Ave last sell?
123 Paffrath Ave most recently sold on May 10, 2022 for $195,000.
What is the current tax assessment for 123 Paffrath Ave?
The most recent total assessment for 123 Paffrath Ave (year 2025) is $179,952 with $3,544 in property tax.
How does 123 Paffrath Ave's assessment compare to its last sale price?
The current assessment is 7.7% below the last sale price of $195,000.
When was 123 Paffrath Ave built?
123 Paffrath Ave was built in 1977.
How does 123 Paffrath Ave compare to others on Paffrath Ave?
We track 8 other properties on Paffrath Ave. Browse the list under "Other properties on Paffrath Ave" to compare beds, baths, and sale history.
What are the property facts for 123 Paffrath Ave?
123 Paffrath Ave is a 3 bed, 2 bath, 2,400 sqft, 7,100 sqft lot single_family.
Is 123 Paffrath Ave a flip candidate?
No — 123 Paffrath Ave does not appear in our flips dataset.
Is 123 Paffrath Ave a tax-appeal candidate?
No — 123 Paffrath Ave is not currently flagged as a tax-appeal candidate.

Forecast for this area

ZIP-area linear projection — not a per-property automated valuation
Quarterly trend
+0.1%
Implied 1-yr
+0.3%
2026 Q3
$109.5K
2026 Q4
$109.5K
ZIP 56087 — Median Price History + Forecast

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