400 1st Ave
Wells, MN 56097
3 bd 1 ba 1,420 sqft Built 1904 Lot 6,970 sqft single_family
Most recent sale
$18,000
Jul 1, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Jul 1, 2022 | Sold | $18,000 | MLS #6214617 |
| Jun 8, 2022 | Listed | $19,900 | MLS #6214617 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2022 | $14,100 | $4,800 | $18,900 | $512 |
| 2021 | $14,100 | $4,800 | $18,900 | $492 |
| 2020 | $14,100 | $4,800 | $18,900 | $394 |
| 2019 | — | — | $12,400 | $370 |
| 2018 | — | — | $11,800 | $316 |
| 2017 | $8,263 | $1,737 | $10,000 | $312 |
| 2016 | $8,263 | $1,737 | $10,000 | $272 |
| 2015 | — | — | $10,000 | $272 |
| 2014 | — | — | $10,000 | $232 |
| 2013 | — | — | $10,000 | $246 |
| 2012 | — | — | $10,100 | $244 |
| 2011 | $13,800 | $2,900 | $16,700 | $190 |
| 2010 | $13,800 | $2,900 | $16,700 | $183 |
Property facts
Year built
1904
Property type
single_family
Stories
1
Beds
3
Baths
1
Living area
1,420 sqft
Lot size
6,970 sqft
ZIP code
56097
City
Wells
Street
1st Ave
Coordinates
43.74083, -93.72735
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
$108
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 400 1st Ave last sell?
400 1st Ave most recently sold on Jul 1, 2022 for $18,000.
What is the current tax assessment for 400 1st Ave?
The most recent total assessment for 400 1st Ave (year 2022) is $18,900 with $512 in property tax.
How does 400 1st Ave's assessment compare to its last sale price?
The current assessment is 5.0% above the last sale price of $18,000.
When was 400 1st Ave built?
400 1st Ave was built in 1904.
How does 400 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 400 1st Ave?
400 1st Ave is a 3 bed, 1 bath, 1,420 sqft, 6,970 sqft lot single_family.
Is 400 1st Ave a flip candidate?
No — 400 1st Ave does not appear in our flips dataset.
Is 400 1st Ave a tax-appeal candidate?
No — 400 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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