Zip Code
314 3rd St NW, New Richland, MN 56072
4 beds · 2 baths · 2,303 sq ft · Lot: 15,594 sq ft · Single Family Home · Last Sold: $137K in 2021 · Built: 1966
Est. Rent:
$2.5K/month

314 3rd St NW New Richland, MN 56072

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4 beds · 2 baths · 2,303 sq ft · Lot Size: 15,594 sq ft · Single Family Home

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314 3rd St NW is in the 56072 neighborhood of New Richland, MN. It is located in Waseca County and ZIP code 56072. This Single Family Home was built in 1966 and is approximately 59 years old. The single family home spans 2303 sq ft with 4 bedrooms and 2 bathrooms and sits on a 15594 sq ft lot. According to public records, it was last sold in 2021 for $136,500 and has a tax-assessed value of $188,100. Analyze and compare real estate investment strategies for properties like this home at 314 3rd St NW New Richland, MN 56072 with Property Intel by Whitepages.

Investment Potential for 314 3rd St NW

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Long-Term

Gross Rental
$30,600 per year($2,550 per month)
Net Operating Income
Cap Rate
Occupancy Rate
87%in 56072 zip code
 
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Owners & Occupancy for 314 3rd St NW

This property is owned by Arionna Louise Neumann. Owner contact information includes 1 phone number and 4 email addresses.

Property Owners

Residence****************
Landline(507) 463-8144
Distance from Property**********
Email Address************@gmail.comView Email

Property Ownership Information

Purchase DateSeptember 21, 2021
Property Tax Amount$2,734 in 2024
Purchase Price$136,500

Occupancy

Current Occupancy*****View Occupancy
Resident 1******************** age 45
Resident 2**************** age 55
Resident 3*********************
Resident 4********************** age 29

Property Details for 314 3rd St NW

Property Details

Property Sq Ft

Living Area

2,303 sq ft

12% above market

Lot Size

15,594 sq ft

63% below market

Property condition, age, exterior, etc. for 314 3rd St…
Longitude: -93.497773 Latitude: 43.896929 Parcel Number (APN): 15.778.0340…
Mortgage originated on through lender: State Bk/new Richland for$******View Mortgage Details
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Market Benchmarks

Compare data for 314 3rd St NW in Waseca County to the median in the zip code area and surrounding markets, where available.
View zip code benchmarks
Property
State
Difference
YoY Price Change
Year Built
1966
1987
-21 years
Living Space
2,303 sq ft
2,316 sq ft
-13 (-1%)
$ Per Living Sq Ft
Lot Size
15,594 sq ft
14,246 sq ft
1348 (9%)
$ Per Lot Sq Ft

Net Operating Income
$19,897
$3,838 (19%)
Annual Revenue
$30,600
$31,200
-$600 (-2%)
$11,153
-$4,288 (-38%)
Net Operating Income
$19,897
$3,838 (19%)
Cap Rate
Home Value Comparison: Property vs. Local and Regional 4-Bed Single Family Home Medians

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