Zip Code
421 2nd St SW, New Richland, MN 56072
3 beds · 1 bath · 1,344 sq ft · Lot: 10,193 sq ft · Single Family Home · Last Sold: $150K in 2023 · Built: 1960
Est. Rent:
$2.3K/month

421 2nd St SW New Richland, MN 56072

3 beds · 1 bath · 1,344 sq ft · Lot Size: 10,193 sq ft · Single Family Home

Owned for Less Than 5 Years

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421 2nd St SW 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 1960 and is approximately 65 years old. The single family home spans 1344 sq ft with 3 bedrooms and 1 bathroom and sits on a 10193 sq ft lot. According to public records, it was last sold in 2023 for $150,000 and has a tax-assessed value of $141,400. Analyze and compare real estate investment strategies for properties like this home at 421 2nd St SW New Richland, MN 56072 with Property Intel by Whitepages.

Investment Potential for 421 2nd St SW

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Long-Term

Gross Rental
$27,600 per year($2,300 per month)
Net Operating Income
$*****View Net Operating Income
Cap Rate
—
Occupancy Rate
87%in 56072 zip code
 
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Owners & Occupancy for 421 2nd St SW

No contact information is available.

Occupancy

Resident 1****************

Property Details for 421 2nd St SW

Property Details

Property Sq Ft

Living Area

1,344 sq ft

20% below market

Lot Size

10,193 sq ft

46% below market

Property condition, age, exterior, etc. for 421 2nd St…
Longitude: -93.499273 Latitude: 43.892034 Parcel Number (APN): 15.777.0510…
Mortgage originated on through lender: State Bk/new Richland for$******View Mortgage Details
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Recommended Properties in 56072

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Market Benchmarks

Compare data for 421 2nd St SW in Waseca 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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YoY Price Change
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Year Built
1960
1972
-12 years
Living Space
1,344 sq ft
1,644 sq ft
-300 (-18%)
$ Per Living Sq Ft
—
—
—
Lot Size
10,193 sq ft
11,705 sq ft
-1512 (-13%)
$ Per Lot Sq Ft
—
—
—

Net Operating Income
$*****
$18,922
$3,026 (16%)
Annual Revenue
$27,600
$28,200
-$600 (-2%)
$****
$9,056
-$3,404 (-38%)
Net Operating Income
$*****
$18,922
$3,026 (16%)
Cap Rate
—
—
—
View Zip code Data
Home Value Comparison: Property vs. Local and Regional 3-Bed Single Family Home Medians