Sold-co-op by mls member

$650,000

51671 Lor Ray Dr, North Mankato, MN 56003

4beds

3,848sqft

Single Family Residence

Built in 1981

10.03 Acres Lot

$658,300 Zestimate^®

$169/sqft

$3,086 Estimated rent

Home value

$658,300

Estimated sales range

Not available

$3,086/mo

Zestimate^® history

Owner options

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$3,086/mo

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$3,086/mo

Rent Zestimate^®

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$4,139/mo

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$4,139/mo

Est. payment

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What's special

4 bedroom, 3 bath home sitting on a little more than 10 acres not in city limits of North Mankato. The home has two bedrooms and two bathrooms on the main floor and two bedrooms and a full bathroom in the walk out basement. The current owner has a renter in the lower level and is running a farm operation from the home. The new owner can either keep the property as a country property or annex into the city, which would allow for buildable lots to be split off from the 10 acres. The home currently has well and septic but city water and sewer is available with annexation. An additional 48 acres is available (Parcel# 01.035.0805) offered at $1,400,000.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 3
Full bathrooms: 2
3/4 bathrooms: 1
Main level bathrooms: 3
Main level bedrooms: 4

Bedroom

Level: Main
Area: 266
Dimensions: 19 x 14

Bedroom 1

Level: Main
Area: 182
Dimensions: 14 x 13

Bedroom 2

Level: Basement
Area: 196
Dimensions: 14 x 14

Bedroom 3

Level: Basement
Area: 182
Dimensions: 14 x 13

Dining room

Features: Combine with Kitchen, 2nd Kitchen
Level: Main
Area: 140
Dimensions: 14 x 10

Family room

Level: Basement
Area: 392
Dimensions: 28 x 14

Kitchen

Level: Main
Area: 126
Dimensions: 14 x 9

Living room

Level: Main
Area: 266
Dimensions: 19 x 14

Heating

Forced Air, Propane - Tank Owned

Cooling

Central Air

Appliances

Included: Dishwasher, Dryer, Range, Washer, Gas Water Heater
Laundry: Washer/Dryer Hookups, Main Level

Features

Bath Description: Full Basement, Full Primary, Main Floor 3/4 Bath, Main Floor Bedrooms
Windows: Combination Windows (L)
Basement: Finished,Block,Full,Walk-out
Has fireplace: Yes
Fireplace features: Wood Burning

Interior area

Total structure area: 3,848
Total interior livable area: 3,848 sqft
Finished area above ground: 1,924
Finished area below ground: 1,924

Property

Parking

Total spaces: 2
Parking features: Gravel, Attached, Garage Door Opener
Attached garage spaces: 2

Features

Levels: One
Stories: 1

Lot

Size: 10.03 Acres
Dimensions: 436,907 Sq.Ft
Features: Irregular Lot, Ravine, Many Trees

Details

Additional structures: Grain Bin, Shed(s), Storage Shed
Foundation area: 2172
Parcel number: 01.035.0800
Other equipment: Fuel Tank-Owned
Wooded area: 5

Construction

Type & style

Home type: SingleFamily
Property subtype: Single Family Residence

Materials

Frame/Wood, Metal Siding
Roof: Asphalt

Condition

Previously Owned
New construction: No
Year built: 1981

Utilities & green energy

Sewer: Private Sewer
Water: Private

Community & HOA

Location

Region: North Mankato

Financial & listing details

Price per square foot: $169/sqft
Tax assessed value: $698,300
Annual tax amount: $4,383
Date on market: 9/29/2025
Listing terms: Cash,Conventional

Price history

Date	Event	Price
1/1/2026	Listing removed	$1,400,000+115.4%$364/sqft
Source: RASM #7038032 Report a problem
9/26/2025	Sold	$650,000-12.2%$169/sqft
Source: RASM #7036889 Report a problem
8/19/2025	Price change	$739,900-47.1%$192/sqft
Source: RASM #7036889 Report a problem
7/9/2025	Price change	$1,400,000+80.6%$364/sqft
Source: RASM #7038032 Report a problem
6/30/2025	Price change	$775,000-2.5%$201/sqft
Source: RASM #7036889 Report a problem
3/13/2025	Price change	$795,000-44.2%$207/sqft
Source: RASM #7036889 Report a problem
11/25/2024	Price change	$1,425,000+62.9%$370/sqft
Source: RASM #7036407 Report a problem
11/25/2024	Price change	$875,000+3%$227/sqft
Source: RASM #7034094 Report a problem
8/5/2024	Price change	$849,900-4.5%$221/sqft
Source: RASM #7034094 Report a problem
6/4/2024	Price change	$890,000-1.7%$231/sqft
Source: RASM #7034094 Report a problem
5/1/2024	Price change	$905,000-1.1%$235/sqft
Source: RASM #7034094 Report a problem
4/22/2024	Price change	$915,000-1.1%$238/sqft
Source: RASM #7034094 Report a problem
1/9/2024	Listed for sale	$925,000$240/sqft
Source: RASM #7034094 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$4,484 +1.8%	$698,300 -2%
2024	$4,404 -1.7%	$712,600 +3.3%
2023	$4,478 +32.5%	$690,000
2022	$3,380 +2.7%	$690,000 +32.8%
2021	$3,290 -2.4%	$519,400 +1.9%
2020	$3,370	$509,500 -0.2%
2019	$3,370	$510,400 +29.2%
2018	--	$395,100 +8.5%
2017	--	$364,300
2016	--	--
2015	--	--
2011	--	--
2010	--	--