This property sits on a beautiful ½-acre lot just in the outskirts of Pine Island. The home is in significant disrepair and will require extensive renovation—or tear down but with the right vision, it could be transformed or torn down to make way for your dream home. Whether you're an investor looking for your next project or a buyer ready to build new, this is your chance to own a prime piece of land in a great location. This home is also in city limits and can be annexed into city water and sewer. Cash offers only. Sold as-is.
Closed
$60,000
706 5th St SW, Pine Island, MN 55963
2beds
1,948sqft
Single Family Residence
Built in 1916
0.5 Acres Lot
$58,900 Zestimate®
$31/sqft
$1,391 Estimated rent
Home value
$58,900
$49,000 - $70,000
$1,391/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Kelly Calvert 507-261-2632,
Edina Realty, Inc.
Bought with:
Kelly Calvert
Edina Realty, Inc.
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6754437
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Heating
- Forced Air
Cooling
- None
Appliances
- Included: None
Features
- Basement: Crawl Space
- Has fireplace: No
Interior area
- Total structure area: 1,948
- Total interior livable area: 1,948 sqft
- Finished area above ground: 1,636
- Finished area below ground: 312
Property
Parking
- Parking features: Driveway - Other Surface
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Levels: One and One Half
- Stories: 1.5
Lot
- Size: 0.5 Acres
- Dimensions: 0.50
- Features: Tree Coverage - Medium
Details
- Foundation area: 1036
- Parcel number: 681800020
- Zoning description: Residential-Single Family
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Roof: Age Over 8 Years
Condition
- New construction: No
- Year built: 1916
Utilities & green energy
- Gas: Natural Gas
- Sewer: Septic System Compliant - No
- Water: Well
Community & HOA
HOA
- Has HOA: No
Location
- Region: Pine Island
Financial & listing details
- Price per square foot: $31/sqft
- Tax assessed value: $122,300
- Annual tax amount: $1,944
- Date on market: 8/1/2025
- Cumulative days on market: 54 days
Price history
| Date | Event | Price |
|---|---|---|
| 10/31/2025 | Sold | $60,000-20%$31/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6754437 Report a problem | ||
| 10/6/2025 | Pending sale | $75,000$39/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6754437 Report a problem | ||
| 9/20/2025 | Price change | $75,000-34.8%$39/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6754437 Report a problem | ||
| 9/8/2025 | Pending sale | $115,000$59/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6754437 Report a problem | ||
| 8/1/2025 | Listed for sale | $115,000+248.5%$59/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6754437 Report a problem | ||
| 11/21/2011 | Sold | $33,000$17/sqft |
Source:  Lake Superior Area Realtors as distributed by MLS GRID #1029769 Report a problem | ||
| 9/27/2011 | Price change | $33,000-10.8%$17/sqft |
Source: Coldwell Banker At Your Service Realty #4031706 Report a problem | ||
| 8/24/2011 | Listed for sale | $37,000-42.2%$19/sqft |
Source: Coldwell Banker At Your Service Realty, Ltd. #4031706 Report a problem | ||
| 8/29/2007 | Sold | $64,000+20.3%$33/sqft |
Source: Public Record Report a problem | ||
| 6/24/2003 | Sold | $53,200$27/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,972 +2.2% | $122,300 |
| 2024 | $1,930 +9.7% | $122,300 +2.3% |
| 2023 | $1,760 +0.9% | $119,600 +14.3% |
| 2022 | $1,744 +19.8% | $104,600 +12.6% |
| 2021 | $1,456 +3% | $92,900 +12.7% |
| 2020 | $1,414 | $82,400 +3.9% |
| 2019 | $1,414 | $79,300 +0.1% |
| 2018 | $1,414 +5.5% | $79,200 +7% |
| 2017 | $1,340 +9.3% | $74,000 +5.1% |
| 2016 | $1,226 | $70,400 +2.5% |
| 2015 | $1,226 | $68,700 -5.1% |
| 2014 | $1,226 +8.7% | $72,400 +1.8% |
| 2013 | $1,128 +35.3% | $71,100 -6.7% |
| 2012 | $834 -15.1% | $76,200 -11.1% |
| 2011 | $982 +0.2% | $85,700 -2.7% |
| 2010 | $980 -0.8% | $88,100 -3% |
| 2009 | $988 -24% | $90,800 +2.3% |
| 2008 | $1,300 +54.8% | $88,800 |
| 2007 | $840 +17.3% | -- |
| 2006 | $716 +25.2% | -- |
| 2005 | $572 +13.5% | -- |
| 2004 | $504 +29.9% | -- |
| 2003 | $388 +12.1% | -- |
| 2002 | $346 -23.1% | -- |
| 2001 | $450 | -- |
Find assessor info on the county website
Neighborhood: 55963
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Nearby schools
GreatSchools rating
- 6/10Pine Island Middle SchoolGrades: 5-8Distance: 0.8 mi
- 8/10Pine Island SecondaryGrades: 9-12Distance: 0.8 mi
- 7/10Pine Island Elementary SchoolGrades: PK-4Distance: 2.6 mi
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Estimated market value
$58,900
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Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$58,900
- Minnesota
- Goodhue County
- Pine Island
- 55963
- 706 5th St SW
Nearby cities
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