1948 227th Ave
Truman, MN 56088
3 bd 2 ba 2,238 sqft Built 1950 Lot 222,156 sqft single_family
Most recent sale
$254,000
Jan 28, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Jan 28, 2022 | Sold | $254,000 | MLS #6116087 |
| Oct 19, 2021 | Listed | $259,000 | MLS #6116087 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2020 | — | — | $100,000 | $1,194 |
| 2019 | — | — | $100,800 | $1,248 |
| 2018 | $48,521 | $36,979 | $85,500 | $990 |
| 2017 | $45,254 | $23,546 | $68,800 | $950 |
| 2016 | $51,642 | $24,358 | $76,000 | $754 |
| 2015 | $47,268 | $22,532 | $69,800 | $646 |
| 2014 | $49,664 | $20,836 | $70,500 | $680 |
| 2013 | $49,817 | $20,283 | $70,100 | $794 |
| 2012 | $49,817 | $20,283 | $70,100 | $822 |
| 2011 | $68,900 | $28,500 | $97,400 | $669 |
| 2010 | $69,000 | $28,500 | $975 | $740 |
Property facts
Year built
1950
Property type
single_family
Stories
1
Beds
3
Baths
2
Living area
2,238 sqft
Lot size
222,156 sqft
ZIP code
56088
City
Truman
Street
227th Ave
Coordinates
43.76763, -94.41201
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$1,524
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 1948 227th Ave last sell?
1948 227th Ave most recently sold on Jan 28, 2022 for $254,000.
What is the current tax assessment for 1948 227th Ave?
The most recent total assessment for 1948 227th Ave (year 2020) is $100,000 with $1,194 in property tax.
How does 1948 227th Ave's assessment compare to its last sale price?
The current assessment is 60.6% below the last sale price of $254,000.
When was 1948 227th Ave built?
1948 227th Ave was built in 1950.
How does 1948 227th Ave compare to others on 227th Ave?
We do not currently track other properties on 227th Ave.
What are the property facts for 1948 227th Ave?
1948 227th Ave is a 3 bed, 2 bath, 2,238 sqft, 222,156 sqft lot single_family.
Is 1948 227th Ave a flip candidate?
No — 1948 227th Ave does not appear in our flips dataset.
Is 1948 227th Ave a tax-appeal candidate?
No — 1948 227th 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
-5.0%
Implied 1-yr
-20.0%
2026 Q1
$124.2K
2026 Q2
$115K
ZIP 56088 — Median Price History + Forecast
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Geography