Zip Code
321 2nd St NW, New Richland, MN 56072
4 beds · 1 bath · 1,235 sq ft · Lot: 7,797 sq ft · Single Family Home · Last Sold: $50K in 2013 · Built: 1956
Est. Rent:
$2.3K/month

321 2nd St NW New Richland, MN 56072

4 beds · 1 bath · 1,235 sq ft · Lot Size: 7,797 sq ft · Single Family Home

Owned for 10 - 15 Years

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321 2nd 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 1956 and is approximately 69 years old. The single family home spans 1235 sq ft with 4 bedrooms and 1 bathroom and sits on a 7797 sq ft lot. According to public records, it was last sold in 2013 for $50,000 and has a tax-assessed value of $175,800. Analyze and compare real estate investment strategies for properties like this home at 321 2nd St NW New Richland, MN 56072 with Property Intel by Whitepages.

Investment Potential for 321 2nd St NW

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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 321 2nd St NW

No contact information is available.

Occupancy

Resident 1****************
Resident 2***************** age 97
Resident 3********************** age 37

Property Details for 321 2nd St NW

Property Details

Property Sq Ft

Living Area

1,235 sq ft

40% below market

Lot Size

7,797 sq ft

81% below market

Property condition, age, exterior, etc. for 321 2nd St…
Longitude: -93.497875 Latitude: 43.896384 Parcel Number (APN): 15.778.0460…
Mortgage originated on through lender: UNKNOWN for$******View Mortgage Details
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Market Benchmarks

Compare data for 321 2nd 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
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YoY Price Change
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Year Built
1956
1987
-31 years
Living Space
1,235 sq ft
2,316 sq ft
-1081 (-47%)
$ Per Living Sq Ft
—
—
—
Lot Size
7,797 sq ft
14,246 sq ft
-6449 (-45%)
$ Per Lot Sq Ft
—
—
—

Net Operating Income
$*****
$19,897
$1,455 (7%)
Annual Revenue
$27,600
$31,200
-$3,600 (-12%)
$****
$11,153
-$4,905 (-44%)
Net Operating Income
$*****
$19,897
$1,455 (7%)
Cap Rate
—
—
—
View Zip code Data
Home Value Comparison: Property vs. Local and Regional 4-Bed Single Family Home Medians

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