506 1st St
Truman, MN 56088
3 bd 2 ba 2,016 sqft Built 1951 Lot 10,454 sqft single_family
Most recent sale
$55,000
Dec 13, 2021
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Mar 10, 2023 | Sold | $165,000 | Mankato |
| Feb 6, 2023 | Listed | $159,900 | Mankato |
| Dec 13, 2021 | Sold | $55,000 | MLS #7028759 |
| May 2, 2005 | Sold | $90,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2021 | $81,700 | $2,900 | $84,600 | $1,896 |
| 2020 | $81,700 | $2,900 | $84,600 | $1,588 |
| 2019 | $68,900 | $2,900 | $71,800 | $1,686 |
| 2018 | $72,900 | $2,900 | $75,800 | $1,294 |
| 2017 | $61,700 | $2,900 | $64,600 | $1,366 |
| 2016 | $61,700 | $2,900 | $64,600 | $1,240 |
| 2015 | $66,300 | $2,900 | $69,200 | $994 |
| 2014 | $52,700 | $3,000 | $55,700 | $968 |
| 2013 | $51,100 | $2,900 | $54,000 | $1,048 |
| 2012 | $55,100 | $2,900 | $58,000 | $1,184 |
| 2011 | $59,400 | $2,900 | $62,300 | $993 |
| 2010 | $68,200 | $2,900 | $711 | $716 |
Property facts
Year built
1951
Property type
single_family
Stories
2
Beds
3
Baths
2
Living area
2,016 sqft
Lot size
10,454 sqft
ZIP code
56088
City
Truman
Street
1st St
Coordinates
43.82700, -94.42971
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$330
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 506 1st St last sell?
506 1st St most recently sold on Dec 13, 2021 for $55,000.
What is the current tax assessment for 506 1st St?
The most recent total assessment for 506 1st St (year 2021) is $84,600 with $1,896 in property tax.
How does 506 1st St's assessment compare to its last sale price?
The current assessment is 53.8% above the last sale price of $55,000.
When was 506 1st St built?
506 1st St was built in 1951.
How does 506 1st St compare to others on 1st St?
We track 8 other properties on 1st St. Browse the list under "Other properties on 1st St" to compare beds, baths, and sale history.
What are the property facts for 506 1st St?
506 1st St is a 3 bed, 2 bath, 2,016 sqft, 10,454 sqft lot single_family.
Is 506 1st St a flip candidate?
Yes — 506 1st St appears in our flips dataset, indicating it sold twice within a short window with a notable price change.
Is 506 1st St a tax-appeal candidate?
Yes — 506 1st St appears in our tax-appeal candidates list, meaning its current assessment exceeds its recent sale price by 15% or more.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
-5.0%
Implied 1-yr
-20.0%
2026 Q1
$124.2K
2026 Q2
$115K
ZIP 56088 — Median Price History + Forecast
Explore nearby
Geography
Other properties on 1st St