557 2nd Ave
Wells, MN 56097
4 bd 2 ba 2,738 sqft Built 1950 Lot 6,970 sqft single_family
Most recent sale
$163,000
Apr 20, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Apr 3, 2025 | Sold | $200,000 | Mankato |
| Feb 24, 2025 | Listed | $197,000 | Mankato |
| Jan 21, 2025 | Listing removed | $127,500 | Mankato |
| Sep 14, 2023 | Sold | $180,500 | NorthstarMLS |
| Apr 20, 2022 | Sold | $163,000 | MLS #6155475 |
| Mar 1, 2022 | Listed | $159,900 | MLS #6155475 |
| Jul 8, 2019 | Sold | $128,000 | MLS #7020327 |
| Apr 2, 2019 | Listed | $127,500 | MLS #7020327 |
| Dec 12, 2018 | Listing removed | $127,500 | Mankato |
| Oct 21, 2018 | Price changed | $127,500 | MLS #7018837 |
| Aug 22, 2018 | Listed | $132,500 | MLS #7018837 |
| Feb 4, 2003 | Sold | $63,900 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | — | — | $100,600 | $2,154 |
| 2023 | — | — | $77,100 | $1,772 |
| 2022 | — | — | $50,900 | $1,366 |
| 2021 | — | — | $50,900 | $1,310 |
| 2020 | — | — | $50,900 | $1,268 |
| 2019 | — | — | $46,400 | $1,332 |
| 2018 | — | — | $45,500 | $1,212 |
| 2017 | $40,140 | $1,860 | $42,000 | $1,190 |
| 2016 | $40,140 | $1,860 | $42,000 | $1,030 |
| 2015 | — | — | $42,000 | $1,022 |
| 2014 | — | — | $42,000 | $986 |
| 2013 | — | — | $42,000 | $1,050 |
| 2012 | — | — | $42,500 | $874 |
| 2011 | $67,700 | $3,100 | $70,800 | $809 |
| 2010 | $67,700 | $3,100 | $70,800 | $771 |
Property facts
Year built
1950
Property type
single_family
Stories
1
Beds
4
Baths
2
Living area
2,738 sqft
Lot size
6,970 sqft
ZIP code
56097
City
Wells
Street
2nd Ave
Coordinates
43.73861, -93.72218
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
$978
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 557 2nd Ave last sell?
557 2nd Ave most recently sold on Apr 20, 2022 for $163,000.
What is the current tax assessment for 557 2nd Ave?
The most recent total assessment for 557 2nd Ave (year 2025) is $100,600 with $2,154 in property tax.
How does 557 2nd Ave's assessment compare to its last sale price?
The current assessment is 38.3% below the last sale price of $163,000.
When was 557 2nd Ave built?
557 2nd Ave was built in 1950.
How does 557 2nd Ave compare to others on 2nd Ave?
We track 8 other properties on 2nd Ave. Browse the list under "Other properties on 2nd Ave" to compare beds, baths, and sale history.
What are the property facts for 557 2nd Ave?
557 2nd Ave is a 4 bed, 2 bath, 2,738 sqft, 6,970 sqft lot single_family.
Is 557 2nd Ave a flip candidate?
No — 557 2nd Ave does not appear in our flips dataset.
Is 557 2nd Ave a tax-appeal candidate?
No — 557 2nd 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
Explore nearby
Other properties on 2nd Ave