490 7th St
Wells, MN 56097
4 bd 3 ba 2,054 sqft Built 1884 Lot 6,970 sqft single_family
Most recent sale
$172,500
Feb 7, 2024
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Feb 7, 2024 | Sold | $172,500 | NorthstarMLS |
| Dec 27, 2023 | Price changed | $169,900 | Mankato |
| Dec 27, 2023 | Listed | $169,900 | NorthstarMLS |
| Oct 28, 2023 | Listed | $174,900 | Mankato |
| Jul 26, 2023 | Sold | $20,000 | NorthstarMLS |
| Mar 31, 2023 | Listed | $29,900 | NorthstarMLS |
| Jul 29, 2003 | Sold | $52,300 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2022 | — | — | $27,900 | $788 |
| 2021 | — | — | $27,900 | $758 |
| 2020 | — | — | $27,200 | $776 |
| 2019 | — | — | $26,900 | $912 |
| 2018 | $29,081 | $1,919 | $31,000 | $992 |
| 2017 | $48,500 | $3,200 | $51,700 | $1,328 |
| 2016 | $48,500 | $3,200 | $51,700 | $1,200 |
| 2015 | — | — | $31,000 | $850 |
| 2014 | — | — | $31,000 | $814 |
| 2013 | — | — | $31,300 | $858 |
| 2011 | $52,100 | $3,200 | $55,300 | $631 |
| 2010 | $52,100 | $3,200 | $55,300 | $603 |
Property facts
Year built
1884
Property type
single_family
Stories
2
Beds
4
Baths
3
Living area
2,054 sqft
Lot size
6,970 sqft
ZIP code
56097
City
Wells
Street
7th St
Coordinates
43.73830, -93.73277
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$1,035
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 490 7th St last sell?
490 7th St most recently sold on Feb 7, 2024 for $172,500.
What is the current tax assessment for 490 7th St?
The most recent total assessment for 490 7th St (year 2022) is $27,900 with $788 in property tax.
How does 490 7th St's assessment compare to its last sale price?
The current assessment is 83.8% below the last sale price of $172,500.
When was 490 7th St built?
490 7th St was built in 1884.
How does 490 7th St compare to others on 7th St?
We track 8 other properties on 7th St. Browse the list under "Other properties on 7th St" to compare beds, baths, and sale history.
What are the property facts for 490 7th St?
490 7th St is a 4 bed, 3 bath, 2,054 sqft, 6,970 sqft lot single_family.
Is 490 7th St a flip candidate?
Yes — 490 7th St appears in our flips dataset, indicating it sold twice within a short window with a notable price change.
Is 490 7th St a tax-appeal candidate?
No — 490 7th 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
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