514 Holmes St
Detroit Lakes, MN 56501
3 bd 3 ba 1,996 sqft Built 1934 Lot 8,276 sqft multi_family
Most recent sale
$198,500
Jul 1, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Jul 1, 2022 | Sold | $198,500 | MLS #6209057 |
| Jun 10, 2022 | Listed | $198,000 | MLS #6209057 |
| Apr 28, 2022 | Listed | $198,000 | MLS #20-35774 |
| Jun 1, 2004 | Sold | $92,000 | Public Record |
| Mar 2, 2000 | Sold | $33,500 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $174,300 | $29,600 | $203,900 | $2,416 |
| 2024 | $165,800 | $29,600 | $195,400 | $2,344 |
| 2020 | — | — | $100,900 | $1,246 |
| 2019 | — | — | $101,000 | $1,294 |
| 2018 | — | — | $101,500 | $1,270 |
| 2017 | — | — | $112,200 | $1,142 |
| 2016 | — | — | $93,700 | $1,134 |
| 2015 | — | — | $98,000 | $1,068 |
| 2014 | — | — | $90,600 | $992 |
| 2012 | — | — | $89,100 | $1,068 |
| 2011 | — | — | $95,600 | $978 |
| 2009 | $89,800 | $27,100 | $116,900 | $960 |
| 2007 | $85,771 | $27,125 | $112,896 | $8 |
Property facts
Year built
1934
Property type
multi_family
Stories
1
Beds
3
Baths
3
Living area
1,996 sqft
Lot size
8,276 sqft
ZIP code
56501
City
Detroit Lakes
Street
Holmes St
Coordinates
46.81763, -95.85200
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$1,191
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 514 Holmes St last sell?
514 Holmes St most recently sold on Jul 1, 2022 for $198,500.
What is the current tax assessment for 514 Holmes St?
The most recent total assessment for 514 Holmes St (year 2025) is $203,900 with $2,416 in property tax.
How does 514 Holmes St's assessment compare to its last sale price?
The current assessment is 2.7% above the last sale price of $198,500.
When was 514 Holmes St built?
514 Holmes St was built in 1934.
How does 514 Holmes St compare to others on Holmes St?
We track 7 other properties on Holmes St. Browse the list under "Other properties on Holmes St" to compare beds, baths, and sale history.
What are the property facts for 514 Holmes St?
514 Holmes St is a 3 bed, 3 bath, 1,996 sqft, 8,276 sqft lot multi_family.
Is 514 Holmes St a flip candidate?
No — 514 Holmes St does not appear in our flips dataset.
Is 514 Holmes St a tax-appeal candidate?
No — 514 Holmes St is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+1.3%
Implied 1-yr
+5.3%
2026 Q3
$397K
2026 Q4
$397K
ZIP 56501 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Holmes St