27 days on rocket

505 7th St NE, New Prague, MN, 56071

$520,000

Home List Price

$6,175*

Closing Credit

4 Bedrooms
1 Full Bath, 1 Partial
3,280 SqFt
$159/SqFt
House
Schools Nearby

Location

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505 7th St NE, New Prague$520,000

Buyer Closing Credits

$6,175*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingAttached Garage, Driveway - Other Surface, Garage Door Opener, Heated Garage
Attached Garage3 spaces
Year Built1993
HeatingForced Air, Fireplace(s)
CoolingCentral Air
BasementYes
FireplaceFamily Room, Gas
MLS #6533485
StatusActive

About 505 7th St NE

Don't miss the chance to own one of New Prague's most unique properties! This exceptional home showcases a remodeled first floor with enhancements such as recessed lighting, trim, baseboard, and a gas fireplace featuring charming shiplap details, all freshly painted. The open kitchen offers a stylish glass backsplash, stainless steel appliances, and a new trash compactor. Upstairs, discover three roomy bedrooms, including a spacious primary suite with a private bath and walk-in closet. The lower level is a hidden gem, with access to a wet bar with a wine rack, a sauna for relaxation, a cozy bedroom, 3/4 bath, and a bonus area. The property includes a heated 3-stall garage with a gas heater, a large tree-filled lot of 0.58 acres, and four village-style houses with a play outhouse and water tower. Outside, there's a storage shed, a steel-fenced yard with landscaping and a water feature, side yards, and pathways around the village – truly an enchanting retreat!

Property Details

Property Features

Property Information:

  • Year Built: 1993
  • Living Area: 3,280 SqFt

Listing Office:

  • Office Name: RE/MAX Advantage Plus

Interior Features

Interior Information:

  • Appliances: Dishwasher, Disposal, Dryer, Exhaust Fan, Gas Water Heater, Microwave, Range, Refrigerator, Stainless Steel Appliances, Trash Compactor, Washer, Water Softener
  • Basement: Yes
  • Fireplace: Family Room, Gas

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bedroom Count: 4

Exterior Features

Parking Information:

  • Garage Space: 3 spaces
  • Attached Garage: Yes
  • Parking: Attached Garage, Driveway - Other Surface, Garage Door Opener, Heated Garage

Lot Features

Lot Information:

  • Lot: Many Trees

Utilities

Utilities Information:

  • Heating: Forced Air, Fireplace(s)
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • New Prague High School, Public District Grades 9-12
  • New Prague Middle School, Public District Grades 6-8
  • Falcon Ridge Elementary, Public District Grades KG-5

Other

Directions Information:

  • Directions: Main St to Co Rd 37 to property, or Main St to Columbus Ave N to 7th St NE, east to home on left

Price Information

Listing Price Info

Price Summary:

  • List Price: $520,000
  • Price Per SqFt: $159/SqFt

Tax Information:

  • Annual Amount: $5,054
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in New Prague, MN.

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New Prague, MN

City

Med. Sold Price

$389.9K

Med. Price/SqFt

$164

Avg. Days On Market

28

# of Sold Homes

14

505 7th St NE vs New Prague

27 DAYS ON ROCKET

-1 Day

$520,000

+$130K More

$159/SqFt

-$5 Less

KEY TAKEAWAY

This property is $130K more than the Median Sold Price and $5/SqFt less than other homes in New Prague, MN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NORTHSTAR
  • MLS Number: #6533485

Listing Office:

  • Office Name: RE/MAX Advantage Plus

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Last updated on: 6/6/2024, 12:52:47 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jul 12, 2004Home Sold
$254,500

Tax History

YEARPROP. TAXASSESSMENT
2021$5,054$362,800
2019$5,394$343,279
2018$3,568$237,900
2017$3,826$238,300

History based on county public records data.

Payment Calculator

$2,663

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,625

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-415759
6
/10

  • Falcon Ridge Elementary

  • 1200 Columbus Ave N

  • 0.42 miles

  • Public District Grades KG-5

Middle School

school-card-donut-415760
9
/10

  • New Prague Middle School

  • 721 Central Ave N

  • 0.36 miles

  • Public District Grades 6-8

High School

school-card-donut-415761
9
/10

  • New Prague High School

  • 221 12th St NE

  • 0.74 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $63,642. Typical income of New Prague, MN residents is between $35k-100k annually. Typical family type is single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 505 7th St NE

What is the listing price of this property?

The listing price of 505 7th St NE property is $520,000.

What type of property is this?

The property 505 7th St NE is a house located in New Prague, Minnesota, 56071.

Is this property for sale now?

Active Listing: 505 7th St NE is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 505 7th St NE are:
Falcon Ridge Elementary: GreatSchools Rating 6/10
New Prague Middle School: GreatSchools Rating 9/10
New Prague High School: GreatSchools Rating 9/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $5,054 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on July 12, 2004 for $254,500. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 505 7th St NE has 4 bedrooms and 1 full and 1 half bathrooms.

What is the square footage of this property?

The property 505 7th St NE is 3,280 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 505 7th St NE is 1993.

Rocket Homes›Minnesota›Scott County›New Prague›56071›505 7th St NE

This home is located at 505 7th St NE in New Prague, MN and zip code 56071. This 3,280 square foot home was built in 1993. Features: 4 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since May 09, 2024 and is currently priced at $520,000.

Over 6 listings were sold over their listed price in May 2024 in New Prague, MN. In the same period over 7 listings were sold below the listed price and 1 listings were sold for the listed price. The inventory of homes for sale in New Prague, MN between April 2024 and May 2024 increased by 22.7%. Listings spent 28 days on the market in May 2024, and had a median list price of $389,950 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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