Zip Code
505 1st Ave SW, Winnebago, MN 56098
2 beds · 1 bath · 1,209 sq ft · Lot: 15,682 sq ft · Single Family Home · Last Sold: $40K in 1996 · Built: 1952
Est. Rent:
$2.1K/month

505 1st Ave SW Winnebago, MN 56098

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2 beds · 1 bath · 1,209 sq ft · Lot Size: 15,682 sq ft · Single Family Home

Owned for 25 - 50 YearsOwner Age 45 - 55

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505 1st Ave SW is in the 56098 neighborhood of Winnebago, MN. It is located in Faribault County and ZIP code 56098. This Single Family Home was built in 1952 and is approximately 73 years old. The single family home spans 1209 sq ft with 2 bedrooms and 1 bathroom and sits on a 15682 sq ft lot. According to public records, it was last sold in 1996 for $40,000 and has a tax-assessed value of $144,400. Analyze and compare real estate investment strategies for properties like this home at 505 1st Ave SW Winnebago, MN 56098 with Property Intel by Whitepages.

Investment Potential for 505 1st Ave SW

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Long-Term

Gross Rental
$25,800 per year($2,150 per month)
Net Operating Income
$*****View Net Operating Income
Cap Rate
—
Occupancy Rate
87%in 56098 zip code
 
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Owners & Occupancy for 505 1st Ave SW

This property is owned by Denise M Melinsky. Owner contact information includes 4 phone numbers and 2 email addresses.

Property Owners

Cell Phone(507) ***-****View Cell Phone
Residence*************
Landline(507) 893-4822
Distance from Property**********
Email Address*******@aol.comView Email
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Property Ownership Information

Purchase DateMarch 21, 1996
Property Tax Amount$2,204 in 2024
Purchase Price$40,000

Occupancy

Current Occupancy*****View Occupancy
Resident 1****************** age 49
Resident 2***************** age 48

Property Details for 505 1st Ave SW

Property Details

Property Sq Ft

Living Area

1,209 sq ft

2% below market

Lot Size

15,682 sq ft

12% above market

Property condition, age, exterior, etc. for 505 1st Av…
Longitude: -94.176179 Latitude: 43.766947 Parcel Number (APN): 31.548.0610…
Mortgage originated on through lender: UNKNOWN for$******View Mortgage Details
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Market Benchmarks

Compare data for 505 1st Ave SW in Faribault County to the median in the zip code area and surrounding markets, where available.
View zip code benchmarks
Property
State
Difference
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—
—
—
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YoY Price Change
—
—
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Year Built
1952
1975
-23 years
Living Space
1,209 sq ft
1,258 sq ft
-49 (-4%)
$ Per Living Sq Ft
—
—
—
Lot Size
15,682 sq ft
8,712 sq ft
6970 (80%)
$ Per Lot Sq Ft
—
—
—

Net Operating Income
$*****
$18,777
$1,336 (7%)
Annual Revenue
$25,800
$26,400
-$600 (-2%)
$****
$7,585
-$1,898 (-25%)
Net Operating Income
$*****
$18,777
$1,336 (7%)
Cap Rate
—
—
—
View Zip code Data
Home Value Comparison: Property vs. Local and Regional 2-Bed Single Family Home Medians