508 State 371
Backus, MN 56435
3 bd 1 ba 936 sqft Built 1962 Lot 653,400 sqft single_family
Most recent sale
$150,000
Dec 18, 2023
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Dec 18, 2023 | Sold | $150,000 | NorthstarMLS |
| Nov 16, 2023 | Price changed | $189,000 | NorthstarMLS |
| Oct 20, 2023 | Price changed | $215,000 | NorthstarMLS |
| Sep 18, 2023 | Listed | $249,900 | NorthstarMLS |
| Feb 10, 2011 | Sold | $56,000 | NorthstarMLS |
| Jan 21, 2011 | Listed | $57,900 | NorthstarMLS |
| Jan 1, 2011 | Sold | $56,000 | Public Record |
| Apr 1, 2004 | Sold | $124,000 | Public Record |
| Sep 1, 1997 | Sold | $79,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $120,937 | $82,014 | $202,951 | $1,006 |
| 2024 | $102,726 | $66,864 | $169,590 | $524 |
| 2023 | $119,800 | $61,000 | $180,800 | $694 |
| 2022 | $91,500 | $54,300 | $145,800 | $816 |
| 2021 | $82,100 | $54,300 | $136,400 | $780 |
| 2020 | $80,000 | $53,400 | $133,400 | $790 |
| 2019 | $48,868 | $45,153 | $94,021 | $540 |
| 2018 | $38,580 | $44,500 | $83,080 | $476 |
| 2017 | $56,800 | $50,900 | $107,700 | $990 |
| 2016 | $57,500 | $51,700 | $109,200 | $1,008 |
| 2015 | $57,500 | $49,600 | $107,100 | $984 |
| 2014 | $38,700 | $43,200 | $81,900 | $538 |
| 2013 | $38,700 | $43,200 | $81,900 | $498 |
| 2012 | $40,500 | $41,900 | $82,400 | $526 |
| 2011 | $62,800 | $52,400 | $115,200 | $886 |
| 2010 | — | — | $58,000 | $388 |
| 2007 | $76,900 | $58,000 | $134,900 | $410 |
| 2006 | $69,200 | $21,600 | $90,800 | $638 |
Property facts
Year built
1962
Property type
single_family
Stories
1
Beds
3
Baths
1
Living area
936 sqft
Lot size
653,400 sqft
ZIP code
56435
City
Backus
Street
State 371
Coordinates
46.78739, -94.49804
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$1,404
Gross rental yield
11.23%
Implied cap rate
7.30%
Trend-extrapolated value
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Frequently asked questions
When did 508 State 371 last sell?
508 State 371 most recently sold on Dec 18, 2023 for $150,000.
What is the current tax assessment for 508 State 371?
The most recent total assessment for 508 State 371 (year 2025) is $202,951 with $1,006 in property tax.
How does 508 State 371's assessment compare to its last sale price?
The current assessment is 35.3% above the last sale price of $150,000.
When was 508 State 371 built?
508 State 371 was built in 1962.
How does 508 State 371 compare to others on State 371?
We track 8 other properties on State 371. Browse the list under "Other properties on State 371" to compare beds, baths, and sale history.
What are the property facts for 508 State 371?
508 State 371 is a 3 bed, 1 bath, 936 sqft, 653,400 sqft lot single_family.
Is 508 State 371 a flip candidate?
No — 508 State 371 does not appear in our flips dataset.
Is 508 State 371 a tax-appeal candidate?
No — 508 State 371 is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+8.7%
Implied 1-yr
+34.6%
2026 Q2
$387.5K
2026 Q3
$408.9K
ZIP 56435 — Median Price History + Forecast
Explore nearby
Geography
Other properties on State 371