425 3rd St
Wells, MN 56097
3 bd 2 ba 1,392 sqft Built 1940 Lot 27,007 sqft single_family
Most recent sale
$85,000
Mar 22, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Apr 26, 2024 | Sold | $115,000 | NorthstarMLS |
| Mar 6, 2024 | Listed | $115,000 | NorthstarMLS |
| Mar 22, 2022 | Sold | $85,000 | MLS #6119117 |
| Oct 24, 2021 | Listed | $94,500 | MLS #6119117 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2022 | $44,900 | $16,700 | $61,600 | $1,510 |
| 2021 | $44,900 | $16,700 | $61,600 | $1,448 |
| 2020 | $45,900 | $13,100 | $59,000 | $1,492 |
| 2019 | $46,000 | $4,000 | $50,000 | $1,238 |
| 2018 | $44,700 | $4,000 | $48,700 | $1,162 |
| 2017 | $44,700 | $4,000 | $48,700 | $1,114 |
| 2016 | $44,700 | $4,000 | $48,700 | $992 |
| 2015 | $44,700 | $4,000 | $48,700 | $954 |
| 2014 | $44,700 | $4,000 | $48,700 | $900 |
| 2013 | $45,200 | $4,000 | $49,200 | $972 |
| 2011 | $45,200 | $4,000 | $49,200 | $759 |
| 2010 | $45,200 | $4,000 | $49,200 | $733 |
Property facts
Year built
1940
Property type
single_family
Stories
2
Beds
3
Baths
2
Living area
1,392 sqft
Lot size
27,007 sqft
ZIP code
56097
City
Wells
Street
3rd St
Coordinates
43.74263, -93.73254
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
$510
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
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Frequently asked questions
When did 425 3rd St last sell?
425 3rd St most recently sold on Mar 22, 2022 for $85,000.
What is the current tax assessment for 425 3rd St?
The most recent total assessment for 425 3rd St (year 2022) is $61,600 with $1,510 in property tax.
How does 425 3rd St's assessment compare to its last sale price?
The current assessment is 27.5% below the last sale price of $85,000.
When was 425 3rd St built?
425 3rd St was built in 1940.
How does 425 3rd St compare to others on 3rd St?
We track 8 other properties on 3rd St. Browse the list under "Other properties on 3rd St" to compare beds, baths, and sale history.
What are the property facts for 425 3rd St?
425 3rd St is a 3 bed, 2 bath, 1,392 sqft, 27,007 sqft lot single_family.
Is 425 3rd St a flip candidate?
No — 425 3rd St does not appear in our flips dataset.
Is 425 3rd St a tax-appeal candidate?
No — 425 3rd 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
+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 3rd St