203 1st Ave
Wells, MN 56097
1 bd 1 ba 884 sqft Built 1884 Lot 9,583 sqft single_family
Most recent sale
$6,000
Sep 23, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Sep 23, 2022 | Sold | $6,000 | MLS #6229099 |
| Jul 1, 2022 | Listed | $9,500 | MLS #6229099 |
| Mar 4, 2022 | Sold | $10,000 | MLS #6147014 |
| Jan 28, 2022 | Listed | $9,500 | MLS #6147014 |
| May 1, 2003 | Sold | $35,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $2,200 | $12,000 | $14,200 | $280 |
| 2023 | $11,400 | $8,800 | $20,200 | $490 |
| 2022 | $12,800 | $6,600 | $19,400 | $522 |
| 2021 | $12,800 | $6,600 | $19,400 | $504 |
| 2020 | $12,800 | $6,600 | $19,400 | $532 |
| 2019 | $14,200 | $5,300 | $19,500 | $492 |
| 2018 | $14,200 | $4,000 | $18,200 | $576 |
| 2017 | $18,800 | $4,000 | $22,800 | $1,394 |
| 2016 | $18,800 | $4,000 | $22,800 | $708 |
| 2015 | $18,800 | $4,000 | $22,800 | $658 |
| 2014 | $18,800 | $4,000 | $22,800 | $676 |
| 2013 | — | — | $13,700 | $694 |
| 2012 | — | — | $13,800 | $688 |
| 2011 | $18,900 | $4,000 | $22,900 | $261 |
| 2010 | $18,900 | $4,000 | $22,900 | $250 |
Property facts
Year built
1884
Property type
single_family
Stories
1
Beds
1
Baths
1
Living area
884 sqft
Lot size
9,583 sqft
ZIP code
56097
City
Wells
Street
1st Ave
Coordinates
43.74293, -93.72363
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
$36
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 203 1st Ave last sell?
203 1st Ave most recently sold on Sep 23, 2022 for $6,000.
What is the current tax assessment for 203 1st Ave?
The most recent total assessment for 203 1st Ave (year 2025) is $14,200 with $280 in property tax.
How does 203 1st Ave's assessment compare to its last sale price?
The current assessment is 136.7% above the last sale price of $6,000.
When was 203 1st Ave built?
203 1st Ave was built in 1884.
How does 203 1st Ave compare to others on 1st Ave?
We track 8 other properties on 1st Ave. Browse the list under "Other properties on 1st Ave" to compare beds, baths, and sale history.
What are the property facts for 203 1st Ave?
203 1st Ave is a 1 bed, 1 bath, 884 sqft, 9,583 sqft lot single_family.
Is 203 1st Ave a flip candidate?
No — 203 1st Ave does not appear in our flips dataset.
Is 203 1st Ave a tax-appeal candidate?
Yes — 203 1st Ave 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
+4.0%
Implied 1-yr
+16.1%
2025 Q4
$174.2K
2026 Q1
$179.7K
ZIP 56097 — Median Price History + Forecast
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