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407 3rd St

Bovey, MN 55709

2 bd 2 ba 850 sqft Built 1950 Lot 5,663 sqft single_family
Most recent sale
$130,000
Dec 22, 2023

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
Dec 22, 2023 Sold $130,000 RangeMLS
Nov 16, 2023 Price changed $137,000 NorthstarMLS
Nov 8, 2023 Listed $149,000 RangeMLS
Nov 3, 2023 Listed $149,000 NorthstarMLS

Tax assessment history

YearBuildingLandTotal assessedTax paid
2026 $56,704 $4,329 $61,033 $640
2025 $51,480 $4,200 $55,680 $636
2023 $41,300 $3,700 $45,000 $948
2022 $31,400 $3,700 $35,100 $802
2021 $29,300 $3,400 $32,700 $896
2020 $29,300 $3,400 $32,700 $844
2019 $25,800 $3,400 $29,200 $728
2018 $27,600 $3,400 $31,000 $736
2017 $27,600 $3,400 $31,000 $730
2016 $27,600 $3,400 $31,000 $740
2015 $27,600 $3,400 $31,000 $748
2014 $27,600 $3,400 $31,000 $698
2013 $27,600 $3,400 $31,000 $676
2011 $19,100 $4,500 $23,600 $408
2010 $15,700 $4,500 $20,200 $118
2009 $20,100 $4,500 $24,600 $96

Property facts

Year built
1950
Property type
single_family
Stories
2
Beds
2
Baths
2
Living area
850 sqft
Lot size
5,663 sqft
ZIP code
55709
City
Bovey
Street
3rd St
Coordinates
47.29439, -93.41599

Comparable properties nearby

Block-level micro-comps

Same street, ±3 house numbers, sold in the last 24 months

Investment analysis

Estimates based on local averages — not personalized advice
Estimated monthly rent
$1,275
Gross rental yield
11.77%
Implied cap rate
7.65%
Trend-extrapolated value

Frequently asked questions

When did 407 3rd St last sell?
407 3rd St most recently sold on Dec 22, 2023 for $130,000.
What is the current tax assessment for 407 3rd St?
The most recent total assessment for 407 3rd St (year 2026) is $61,033 with $640 in property tax.
How does 407 3rd St's assessment compare to its last sale price?
The current assessment is 53.1% below the last sale price of $130,000.
When was 407 3rd St built?
407 3rd St was built in 1950.
How does 407 3rd St compare to others on 3rd St?
We track 4 other properties on 3rd St. Browse the list under "Other properties on 3rd St" to compare beds, baths, and sale history.
What are the property facts for 407 3rd St?
407 3rd St is a 2 bed, 2 bath, 850 sqft, 5,663 sqft lot single_family.
Is 407 3rd St a flip candidate?
No — 407 3rd St does not appear in our flips dataset.
Is 407 3rd St a tax-appeal candidate?
No — 407 3rd St is not currently flagged as a tax-appeal candidate.

Forecast for this area

ZIP-area linear projection — not a per-property automated valuation
Quarterly trend
+21.5%
Implied 1-yr
+86.1%
2026 Q3
$1.59M
2026 Q4
$1.59M
ZIP 55709 — Median Price History + Forecast

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