245 1st Ave
Wells, MN 56097
4 bd 2 ba 1,344 sqft Built 1930 Lot 6,970 sqft single_family
Most recent sale
$55,000
Mar 9, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Dec 6, 2024 | Sold | $112,500 | NorthstarMLS |
| Nov 1, 2024 | Listed | $112,500 | NorthstarMLS |
| Oct 28, 2024 | Listed | $112,500 | Mankato |
| Oct 17, 2023 | Sold | $105,000 | NorthstarMLS |
| Sep 11, 2023 | Price changed | $113,500 | Mankato |
| Aug 5, 2023 | Listed | $125,000 | Mankato |
| Mar 9, 2022 | Sold | $55,000 | MLS #6146698 |
| Jan 28, 2022 | Listed | $59,500 | MLS #6146698 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $66,600 | $8,600 | $75,200 | $1,552 |
| 2020 | — | — | $31,700 | $876 |
| 2019 | — | — | $31,000 | $840 |
| 2018 | — | — | $30,500 | $782 |
| 2017 | $27,262 | $1,738 | $29,000 | $766 |
| 2016 | $27,262 | $1,738 | $29,000 | $654 |
| 2015 | — | — | $29,000 | $650 |
| 2014 | — | — | $29,000 | $612 |
| 2013 | — | — | $29,000 | $654 |
| 2012 | — | — | $29,300 | $620 |
| 2011 | $46,000 | $2,900 | $48,900 | $559 |
| 2010 | $46,000 | $2,900 | $48,900 | $529 |
Property facts
Year built
1930
Property type
single_family
Stories
1
Beds
4
Baths
2
Living area
1,344 sqft
Lot size
6,970 sqft
ZIP code
56097
City
Wells
Street
1st Ave
Coordinates
43.74252, -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
$330
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 245 1st Ave last sell?
245 1st Ave most recently sold on Mar 9, 2022 for $55,000.
What is the current tax assessment for 245 1st Ave?
The most recent total assessment for 245 1st Ave (year 2025) is $75,200 with $1,552 in property tax.
How does 245 1st Ave's assessment compare to its last sale price?
The current assessment is 36.7% above the last sale price of $55,000.
When was 245 1st Ave built?
245 1st Ave was built in 1930.
How does 245 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 245 1st Ave?
245 1st Ave is a 4 bed, 2 bath, 1,344 sqft, 6,970 sqft lot single_family.
Is 245 1st Ave a flip candidate?
Yes — 245 1st Ave appears in our flips dataset, indicating it sold twice within a short window with a notable price change.
Is 245 1st Ave a tax-appeal candidate?
No — 245 1st 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
+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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