This charming 2-bedroom, 1-bath home sits on a quiet corner lot and offers an affordable opportunity. Enjoy a functional layout, spacious yard, and an unfinished basement with great potential. Small-town living with room to make it your own!
Active
$170,000
531 1st St SW, New Richland, MN 56072
2beds
884sqft
Single Family
Built in 1956
0.26 Acres Lot
$168,700 Zestimate®
$192/sqft
$-- HOA
What's special
- 12 days |
- 795 |
- 17 |
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Tasia Voegele 507-412-1375,
Weichert, REALTORS- Heartland,
Lynnea Fox 651-485-8917
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7101541
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Bathroom
- Description: Main Floor Full Bath
Dining room
- Description: Kitchen/Dining Room
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Dryer, Refrigerator, Washer
- Laundry: In Basement
Features
- Basement: Block,Unfinished
- Has fireplace: No
Interior area
- Total structure area: 884
- Total interior livable area: 884 sqft
- Finished area above ground: 884
- Finished area below ground: 0
Property
Parking
- Total spaces: 1
- Parking features: Attached
- Attached garage spaces: 1
- Details: Garage Dimensions (22x14)
Accessibility
- Accessibility features: None
Features
- Levels: One
- Stories: 1
- Patio & porch: Porch
Lot
- Size: 0.26 Acres
- Dimensions: 70 x 160
- Features: Tree Coverage - Light
Details
- Additional structures: Storage Shed
- Foundation area: 884
- Parcel number: 151040010
- Zoning description: Residential-Single Family
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family
Materials
- Concrete
- Roof: Age 8 Years or Less
Condition
- New construction: No
- Year built: 1956
Utilities & green energy
- Electric: Circuit Breakers
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & HOA
HOA
- Has HOA: No
Location
- Region: New Richland
Financial & listing details
- Price per square foot: $192/sqft
- Tax assessed value: $135,400
- Annual tax amount: $1,709
- Date on market: 7/9/2026
Estimated market value
$168,700
$160,000 - $177,000
$1,350/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/9/2026 | Listed for sale | $170,000+73.5%$192/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #7101541 Report a problem | ||
| 11/23/2020 | Sold | $98,000$111/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,500 -0.1% | $135,400 +11% |
| 2024 | $1,502 +15.9% | $122,000 +4.3% |
| 2023 | $1,296 +16.5% | $117,000 +137.8% |
| 2022 | $1,112 +13.5% | $49,200 +14.7% |
| 2021 | $980 +2.9% | $42,900 -40% |
| 2020 | $952 +100% | $71,500 |
| 2019 | $476 -44% | $71,500 +12.6% |
| 2018 | $850 +10.1% | $63,500 +72.6% |
| 2017 | $772 | $36,800 |
| 2016 | -- | $36,800 +5.7% |
| 2015 | -- | $34,800 -13% |
| 2012 | -- | $40,000 |
| 2011 | -- | $40,000 -42.6% |
| 2010 | -- | $69,700 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 56072
Nearby schools
GreatSchools rating
- 7/10Nrheg Elementary SchoolGrades: PK-5Distance: 10.3 mi
- 5/10Nrheg SecondaryGrades: 6-12Distance: 0.3 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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