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

$525,000

Home List Price

$6,234*

Closing Credit

4 Bedrooms
1 Full Bath, 1 Partial
3,280 SqFt
$160/SqFt
House
Schools Nearby

Location

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505 7th St NE, New Prague$525,000

Buyer Closing Credits

$6,234*

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 #6496895
StatusActive

About 505 7th St NE

Don't miss the opportunity to own one of the most unique properties in New Prague! This stunning home features a renovated first floor with upgrades like recessed lighting, trim, baseboard, and gas fireplace with charming shiplap accents, all freshly painted. The open kitchen boasts a sleek glass backsplash, SS appliances, and new trash compactor. Upstairs, you'll find 3 spacious bedrooms, including a large primary suite with a private bath and walk-in closet. The lower level is like a secret treasure trove, opening to a wet bar complete with a wine rack, a sauna for some steamy relaxation, cozy bedroom, 3/4 bath, and bonus area. The property also includes a heated 3-stall garage with a gas heater, a large tree-covered lot spanning 0.58 acres, and four village-style houses complete with a play outhouse and water tower. Outside, you'll find a storage shed, a steel-fenced yard with landscaping and a water feature, side yards, & walking paths around the village – truly a beautiful oasis!

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, 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: $525,000
  • Price Per SqFt: $160/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

$369.9K

Med. Price/SqFt

$169

Avg. Days On Market

45

# of Sold Homes

10

505 7th St NE vs New Prague

51 DAYS ON ROCKET

+6 Days

$525,000

+$155K More

$160/SqFt

-$9 Less

KEY TAKEAWAY

This property is $155K more than the Median Sold Price and $9/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: #6496895

Listing Office:

  • Office Name: RE/MAX Advantage Plus

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Last updated on: 4/28/2024, 12:52:14 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

$2,688

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,640

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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-1906587
8
/10

  • Falcon Ridge Elementary

  • 1200 Columbus Ave N

  • 0.42 miles

  • Public District Grades KG-5

Middle School

school-card-donut-1906588
8
/10

  • New Prague Middle School

  • 721 Central Ave N

  • 0.36 miles

  • Public District Grades 6-8

High School

school-card-donut-1906589
7
/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. Most New Prague, MN residents have annual incomes between $35k-100k. The most common type of family is single, no kids. Typical level of education for residents in this area is post secondary degree.

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 $525,000.

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 8/10
New Prague Middle School: GreatSchools Rating 8/10
New Prague High School: GreatSchools Rating 7/10

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 March 07, 2024 and is currently priced at $525,000.

In March 2024 more than 1 listings in New Prague, MN were sold above the asking price. During the same period more than 4 listings were sold at asking price, while more than 5 were sold below. In March 2024 in New Prague, MN there were 57.1% more homes for sale than in February 2024. While the average time on the market in March 2024 was 45 days, the median list price was $369,950.

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

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