504 1st St
Welcome, MN 56181
2 bd 2 ba 720 sqft Built 1947 Lot 4,487 sqft single_family
Most recent sale
$62,000
Nov 28, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Nov 28, 2022 | Sold | $62,000 | Mankato |
| Sep 26, 2022 | Listed | $49,900 | Mankato |
| Dec 30, 2013 | Sold | $37,100 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2021 | — | — | $24,100 | $558 |
| 2020 | — | — | $20,300 | $492 |
| 2019 | — | — | $19,600 | $488 |
| 2018 | $16,702 | $898 | $17,600 | $442 |
| 2017 | $15,101 | $899 | $16,000 | $428 |
| 2016 | $15,101 | $899 | $16,000 | $406 |
| 2015 | $15,101 | $899 | $16,000 | $398 |
| 2014 | $16,301 | $899 | $17,200 | $426 |
| 2013 | $16,301 | $899 | $17,200 | $452 |
| 2011 | $27,600 | $1,500 | $29,100 | $395 |
Property facts
Year built
1947
Property type
single_family
Stories
1
Beds
2
Baths
2
Living area
720 sqft
Lot size
4,487 sqft
ZIP code
56181
City
Welcome
Street
1st St
Coordinates
43.66732, -94.62158
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
$372
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 504 1st St last sell?
504 1st St most recently sold on Nov 28, 2022 for $62,000.
What is the current tax assessment for 504 1st St?
The most recent total assessment for 504 1st St (year 2021) is $24,100 with $558 in property tax.
How does 504 1st St's assessment compare to its last sale price?
The current assessment is 61.1% below the last sale price of $62,000.
When was 504 1st St built?
504 1st St was built in 1947.
How does 504 1st St compare to others on 1st St?
We track 7 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 504 1st St?
504 1st St is a 2 bed, 2 bath, 720 sqft, 4,487 sqft lot single_family.
Is 504 1st St a flip candidate?
No — 504 1st St does not appear in our flips dataset.
Is 504 1st St a tax-appeal candidate?
No — 504 1st St is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+9.7%
Implied 1-yr
+38.9%
2024 Q4
$180.9K
2025 Q1
$191.7K
ZIP 56181 — Median Price History + Forecast
Explore nearby
Geography
Other properties on 1st St