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406 3rd St

Wadena, MN 56482

3 bd 1 ba 1,600 sqft Built 1940 Lot 7,100 sqft single_family
Most recent sale
$34,500
Jun 30, 2022

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
Jun 30, 2022 Sold $34,500 MLS #6112130
May 9, 2022 Price changed $39,900 MLS #6112130
Nov 4, 2021 Price changed $49,900 MLS #6112130
Oct 27, 2021 Price changed $54,900 MLS #6112130
Oct 9, 2021 Listed $59,900 MLS #6112130

Tax assessment history

YearBuildingLandTotal assessedTax paid
2026 $72,500 $10,700 $83,200 $1,070
2025 $69,300 $10,700 $80,000 $1,096
2024 $61,500 $5,300 $66,800 $902
2023 $55,400 $5,300 $60,700 $904
2022 $41,900 $5,300 $47,200 $1,162
2020 $40,700 $5,300 $46,000 $992
2019 $36,400 $5,300 $41,700 $876
2018 $34,200 $5,300 $39,500 $806
2017 $34,200 $5,300 $39,500 $758
2016 $25,740 $500
2015 $25,800 $500
2014 $26,000 $526
2013 $25,100 $552
2012 $28,600 $726
2011 $42,300 $5,300 $47,600 $784
2010 $42,300 $5,300 $47,600 $810
2009 $56,900 $5,000 $56,900 $792
2008 $56,900 $804

Property facts

Year built
1940
Property type
single_family
Stories
2
Beds
3
Baths
1
Living area
1,600 sqft
Lot size
7,100 sqft
ZIP code
56482
City
Wadena
Street
3rd St
Coordinates
46.44663, -95.13738

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
$207
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value

Frequently asked questions

When did 406 3rd St last sell?
406 3rd St most recently sold on Jun 30, 2022 for $34,500.
What is the current tax assessment for 406 3rd St?
The most recent total assessment for 406 3rd St (year 2026) is $83,200 with $1,070 in property tax.
How does 406 3rd St's assessment compare to its last sale price?
The current assessment is 141.2% above the last sale price of $34,500.
When was 406 3rd St built?
406 3rd St was built in 1940.
How does 406 3rd St compare to others on 3rd St?
We track 8 other properties on 3rd St. Browse the list under "Other properties on 3rd St" to compare beds, baths, and sale history.
What are the property facts for 406 3rd St?
406 3rd St is a 3 bed, 1 bath, 1,600 sqft, 7,100 sqft lot single_family.
Is 406 3rd St a flip candidate?
No — 406 3rd St does not appear in our flips dataset.
Is 406 3rd St a tax-appeal candidate?
Yes — 406 3rd 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 valuation
Quarterly trend
+9.0%
Implied 1-yr
+35.9%
2026 Q2
$399.4K
2026 Q3
$422K
ZIP 56482 — Median Price History + Forecast

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