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4885 Drake Cir

Big Lake, MN 55309

2 bd 2 ba 960 sqft Built 1997 Lot 12,197 sqft single_family
Most recent sale
$217,900
Apr 5, 2024

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
Apr 5, 2024 Sold $217,900 Public Record
Mar 29, 2024 Listed $235,000 NorthstarMLS
Nov 13, 2012 Sold $125,000 NorthstarMLS
Oct 18, 2012 Listing removed $134,900 Arrowhead
Oct 16, 2012 Price changed $134,900 NorthstarMLS
Sep 10, 2012 Listed $134,900 Arrowhead
Dec 12, 2007 Sold $135,000 Public Record
Oct 20, 2004 Sold $207,000 Public Record
Aug 8, 2002 Sold $129,000 Public Record
Oct 3, 1997 Sold $104,130 Public Record

Tax assessment history

YearBuildingLandTotal assessedTax paid
2025 $181,520 $73,751 $255,271 $3,230
2023 $187,825 $64,984 $252,809 $3,228
2022 $154,997 $44,075 $199,072 $2,966
2021 $145,268 $37,018 $182,286 $2,824
2020 $139,092 $32,512 $171,604 $2,760
2019 $126,294 $29,287 $155,581 $2,548
2018 $110,995 $26,056 $137,051 $2,356
2017 $97,210 $22,619 $119,829 $2,150
2016 $91,300 $22,200 $113,500 $2,028
2015 $86,700 $21,900 $108,600 $1,836
2014 $72,800 $20,900 $93,700 $1,668
2013 $72,800 $20,900 $93,700 $1,664
2012 $88,100 $22,900 $111,000 $1,870
2011 $108,100 $36,800 $144,900 $1,872
2009 $129,900 $49,600 $179,500 $2,066
2008 $136,700 $51,900 $188,600 $2,160
2007 $138,000 $44,400 $182,400 $2,073

Property facts

Year built
1997
Property type
single_family
Stories
2
Beds
2
Baths
2
Living area
960 sqft
Lot size
12,197 sqft
ZIP code
55309
City
Big Lake
Street
Drake Cir
Coordinates
45.34966, -93.77774

Comparable properties nearby

Investment analysis

Estimates based on local averages — not personalized advice
Estimated monthly rent
$1,440
Gross rental yield
7.93%
Implied cap rate
5.15%
Trend-extrapolated value

Frequently asked questions

When did 4885 Drake Cir last sell?
4885 Drake Cir most recently sold on Apr 5, 2024 for $217,900.
What is the current tax assessment for 4885 Drake Cir?
The most recent total assessment for 4885 Drake Cir (year 2025) is $255,271 with $3,230 in property tax.
How does 4885 Drake Cir's assessment compare to its last sale price?
The current assessment is 17.2% above the last sale price of $217,900.
When was 4885 Drake Cir built?
4885 Drake Cir was built in 1997.
How does 4885 Drake Cir compare to others on Drake Cir?
We track 8 other properties on Drake Cir. Browse the list under "Other properties on Drake Cir" to compare beds, baths, and sale history.
What are the property facts for 4885 Drake Cir?
4885 Drake Cir is a 2 bed, 2 bath, 960 sqft, 12,197 sqft lot single_family.
Is 4885 Drake Cir a flip candidate?
No — 4885 Drake Cir does not appear in our flips dataset.
Is 4885 Drake Cir a tax-appeal candidate?
Yes — 4885 Drake Cir appears in our tax-appeal candidates list, meaning its current assessment exceeds its recent sale price by 15% or more.

Forecast for this area

ZIP-area linear projection — not a per-property automated valuation
Quarterly trend
+1.1%
Implied 1-yr
+4.5%
2026 Q3
$400.1K
2026 Q4
$404.3K
ZIP 55309 — Median Price History + Forecast

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