Looking for your next project or investment? This oversized corner lot is located on a quiet dead-end just blocks from New Richland Schools – perfect for families or rental prospects!
Some renovation work has already been started so pick up where they left off or start from scratch and make it your own!
Whether you're an investor, developer or flipper this is your chance to add value in a great location. Don't miss out – opportunities in this area don't last long!
Closed
$25,000
503 1st St SW, New Richland, MN 56072
2beds
--sqft
Single Family Residence
Built in 1900
9,278 Square Feet Lot
$25,400 Zestimate®
$--/sqft
$1,316 Estimated rent
Home value
$25,400
Estimated sales range
Not available
$1,316/mo
Zestimate® history
Owner options
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$1,316/mo
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$1,316/mo
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$130/mo
Est. payment
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$130/mo
Est. payment
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List your homeWhat's special
Quiet dead-endCorner lot
Zillow last checked:
Listing updated:
Listed by:
Elizabeth Ranae Janike 507-995-8249,
RE/MAX Masters
Bought with:
Elizabeth Ranae Janike
RE/MAX Masters
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6777920
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Bedroom
- Level: Main
- Area: 135 Square Feet
- Dimensions: 15x9
Bedroom 2
- Level: Second
- Area: 98 Square Feet
- Dimensions: 14x7
Bathroom
- Level: Main
- Area: 56 Square Feet
- Dimensions: 8x7
Dining room
- Level: Main
- Area: 152.25 Square Feet
- Dimensions: 14.5x10.5
Kitchen
- Level: Main
- Area: 170.5 Square Feet
- Dimensions: 15.5x11
Living room
- Level: Main
- Area: 148.5 Square Feet
- Dimensions: 13.5x11
Office
- Level: Second
- Area: 85.5 Square Feet
- Dimensions: 9.5x9
Porch
- Level: Main
- Area: 133 Square Feet
- Dimensions: 19x7
Sitting room
- Level: Second
- Area: 147 Square Feet
- Dimensions: 14x10.5
Walk in closet
- Level: Second
- Area: 70.07 Square Feet
- Dimensions: 7.7x9.10
Heating
- Forced Air
Cooling
- Central Air
Features
- Basement: Block
- Has fireplace: No
Interior area
- Finished area above ground: 0
- Finished area below ground: 0
Property
Parking
- Parking features: Gravel
- Details: Garage Dimensions (0), Garage Door Height (0), Garage Door Width (0)
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
Lot
- Size: 9,278 Square Feet
- Dimensions: 149 x 61 x 149 x 61
Details
- Foundation area: 1000
- Parcel number: 157780190
- Zoning description: Residential-Single Family
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Condition
- New construction: No
- Year built: 1900
Utilities & green energy
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & HOA
Community
- Subdivision: Ziegers Sub
HOA
- Has HOA: No
Location
- Region: New Richland
Financial & listing details
- Tax assessed value: $115,800
- Annual tax amount: $1,620
- Date on market: 9/5/2025
- Cumulative days on market: 52 days
Price history
| Date | Event | Price |
|---|---|---|
| 10/31/2025 | Sold | $25,000-37.5% |
Source:  NorthstarMLS as distributed by MLS GRID #6777920 Report a problem | ||
| 10/27/2025 | Pending sale | $40,000 |
Source: NorthstarMLS as distributed by MLS GRID #6777920 Report a problem | ||
| 10/15/2025 | Price change | $40,000-20% |
Source: NorthstarMLS as distributed by MLS GRID #6777920 Report a problem | ||
| 9/18/2025 | Price change | $50,000-28.6% |
Source: NorthstarMLS as distributed by MLS GRID #6777920 Report a problem | ||
| 9/5/2025 | Listed for sale | $70,000+118.8% |
Source: NorthstarMLS as distributed by MLS GRID #6777920 Report a problem | ||
| 11/13/2017 | Sold | $32,000-61.6% |
Source: Public Record Report a problem | ||
| 3/11/2016 | Sold | $83,430-1.8% |
Source: Agent Provided Report a problem | ||
| 1/17/2016 | Listed for sale | $85,000+286.4% |
Source: Coldwell Banker Home Connection #4067930 Report a problem | ||
| 1/30/2015 | Sold | $22,000-37% |
Source:  Lake Superior Area Realtors as distributed by MLS GRID #2262711 Report a problem | ||
| 7/19/2013 | Listing removed | $34,900 |
Source: Coldwell Banker Home Connection #4042128 Report a problem | ||
| 6/4/2013 | Price change | $34,900-41.7% |
Source: Coldwell Banker Home Connection #4042128 Report a problem | ||
| 1/9/2013 | Listed for sale | $59,900 |
Source: Owatonna Home Connection #4042128 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,786 +8.5% | $115,800 +9% |
| 2024 | $1,646 +3.8% | $106,200 +4.8% |
| 2023 | $1,586 +5.2% | $101,300 +44.7% |
| 2022 | $1,508 +50.8% | $70,000 +53.5% |
| 2021 | $1,000 +62.3% | $45,600 |
| 2020 | $616 +100% | $45,600 |
| 2019 | $308 -43.8% | $45,600 +12.9% |
| 2018 | $548 +5% | $40,400 +67.6% |
| 2017 | $522 | $24,100 -1.6% |
| 2016 | -- | $24,500 +1.7% |
| 2015 | -- | $24,100 -15.1% |
| 2012 | -- | $28,400 |
| 2011 | -- | $28,400 -41.4% |
| 2010 | -- | $48,500 |
Find assessor info on the county website
Neighborhood: 56072
Nearby homes
- $168,4002 bd1 ba1.1k sqft507 1st St SW, New Richland, MN 56072Off Market
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- $272,4004 bd2 ba2.7k sqft108 Dogwood Ave S, New Richland, MN 56072Off Market
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- $191,4004 bd1 ba1.1k sqft417 1st St SW, New Richland, MN 56072Off Market
- $134,3003 bd1 ba1.5k sqft502 1st St SW, New Richland, MN 56072Off Market
- $173,1003 bd1 ba1.1k sqft102 Dogwood Ave S, New Richland, MN 56072Off Market
- $212,9002 bd1 ba1.6k sqft103 Dogwood Ave S, New Richland, MN 56072Off Market
Nearby schools
GreatSchools rating
- 7/10Nrheg Elementary SchoolGrades: PK-5Distance: 10.2 mi
- 5/10Nrheg SecondaryGrades: 6-12Distance: 0.3 mi
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$25,400
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With Zillow Showcase(estimated)
$25,908
- Minnesota
- Waseca County
- New Richland
- 56072
- 503 1st St SW
Nearby cities
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Other New Richland Topics
