Well laid out 3-bedroom, 3 bath townhome in Kispert Farms — Prime Investment Opportunity!
Discover a well thought out two-story townhome in the Kispert Farms community. This spacious 3-bedroom, 3 bathroom home features a finished lower-level bedroom with full bath. Enjoy year-round comfort with a cozy gas fireplace in the main living area and easy outdoor entertaining on the back yard deck. The property includes a convenient 2 stall garage and attached driveway parking.
Key Features:
• Finished lower level with bedroom — or flexible living space.
• Gas fireplace for ambiance and warmth.
• Back yard deck for outdoor relaxation and entertaining.
• 2-stall attached garage.
• Located in Kispert Farms community.
Investment Highlights:
• Excellent investment opportunity with an additional four connected units for sale.
• All units currently tenant-occupied — immediate rental income potential.
Don’t miss this rare chance to acquire a turnkey investment property (or owner-occupy and collect rent from others in the complex). Contact agent for full details!
Closed
$230,000
742 Baylee Pl SW, Pine Island, MN 55963
3beds
2,019sqft
Residential
Built in 2004
1,568 Square Feet Lot
$232,300 Zestimate®
$114/sqft
$1,916 Estimated rent
Home value
$232,300
$214,000 - $253,000
$1,916/mo
Zestimate® history
Owner options
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$1,916/mo
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$1,916/mo
Rent Zestimate®
Refinance and save
$1,479/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$1,479/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Adam Howell 507-990-3433,
Coldwell Banker Realty
Bought with:
Aaron Jones
Edina Realty, Inc.
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6813422
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Bedroom
- Level: Upper
Bedroom 2
- Level: Upper
Bedroom 3
- Level: Lower
Bathroom
- Level: Main
Bathroom
- Level: Upper
Bathroom
- Level: Lower
Dining room
- Level: Main
Kitchen
- Level: Main
Laundry
- Level: Upper
Living room
- Level: Main
Loft
- Level: Upper
Utility room
- Level: Lower
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Dishwasher, Dryer, Gas Water Heater, Microwave, Range, Refrigerator, Washer
- Laundry: Upper Level
Features
- Basement: Egress Window(s),Finished,Full
- Number of fireplaces: 1
- Fireplace features: Gas
Interior area
- Total structure area: 2,019
- Total interior livable area: 2,019 sqft
- Finished area above ground: 1,409
- Finished area below ground: 550
Property
Parking
- Total spaces: 2
- Parking features: Attached, Asphalt, Guest
- Attached garage spaces: 2
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Patio & porch: Deck
- Fencing: None
Lot
- Size: 1,568 Square Feet
- Dimensions: 32 x 50
Details
- Foundation area: 610
- Parcel number: 850611068296
- Zoning description: Residential-Single Family
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Residential
- Attached to another structure: Yes
Materials
- Frame
- Roof: Architectural Shingle
Condition
- New construction: No
- Year built: 2004
Utilities & green energy
- Electric: Circuit Breakers
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & HOA
Community
- Subdivision: Kispert Farms 4th Add PUD
HOA
- Has HOA: Yes
- Services included: Hazard Insurance, Lawn Care, Maintenance Grounds, Professional Mgmt, Snow Removal
- HOA fee: $300 monthly
- HOA name: Paramark Management
- HOA phone: 507-285-5082
Location
- Region: Pine Island
Financial & listing details
- Price per square foot: $114/sqft
- Tax assessed value: $220,400
- Annual tax amount: $3,508
- Date on market: 11/14/2025
- Cumulative days on market: 89 days
Price history
| Date | Event | Price |
|---|---|---|
| 3/5/2026 | Sold | $230,000$114/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6813422 Report a problem | ||
| 2/11/2026 | Pending sale | $230,000$114/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6813422 Report a problem | ||
| 12/12/2025 | Price change | $230,000-8%$114/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6813422 Report a problem | ||
| 11/14/2025 | Listed for sale | $250,000$124/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6813422 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,508 +5.9% | $220,400 +4.1% |
| 2024 | $3,313 | $211,800 +4.1% |
| 2023 | -- | $203,500 +3.6% |
| 2022 | $3,272 +11% | $196,500 +14.1% |
| 2021 | $2,948 +14.3% | $172,200 +5.7% |
| 2020 | $2,580 +8.4% | $162,900 +27% |
| 2019 | $2,380 | $128,300 +12.5% |
| 2017 | $2,380 +24.3% | $114,000 +10.8% |
| 2016 | $1,914 | $102,900 +8.8% |
| 2015 | $1,914 +1.3% | $94,600 |
| 2014 | $1,890 +25.7% | $94,600 +1.3% |
| 2012 | $1,504 | $93,400 +0.8% |
| 2011 | -- | $92,700 +27.9% |
| 2010 | $1,124 -51% | $72,500 -50.6% |
| 2008 | $2,296 | $146,900 |
Find assessor info on the county website
Neighborhood: 55963
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Nearby schools
GreatSchools rating
- 6/10Pine Island Middle SchoolGrades: 5-8Distance: 1 mi
- 8/10Pine Island SecondaryGrades: 9-12Distance: 1 mi
- 7/10Pine Island Elementary SchoolGrades: PK-4Distance: 2.5 mi
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Estimated market value
$232,300
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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
$232,300
- Minnesota
- Olmsted County
- Pine Island
- 55963
- 742 Baylee Pl SW
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