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324 Homestead St

Detroit Lakes, MN 56501

4 bd 2 ba 2,280 sqft Built 2005 Lot 11,325 sqft single_family
Most recent sale
$274,900
Feb 11, 2022

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
Feb 11, 2022 Sold $274,900 MLS #20-35288
Dec 9, 2021 Listed $274,900 MLS #20-35288
May 8, 2013 Listing removed $184,900 DetroitLakes
Mar 18, 2013 Listed $184,900 MLS #22-56388
May 20, 2011 Sold $172,400 Public Record
Apr 25, 2011 Listing removed $172,900 DetroitLakes
Jan 19, 2011 Listed $172,900 MLS #22-55986
Nov 30, 2010 Listing removed $172,900 DetroitLakes
Jun 2, 2010 Price changed $172,900 MLS #10-1580
Dec 2, 2009 Listed $179,900 MLS #10-1580
Sep 30, 2005 Sold $142,000 Public Record

Tax assessment history

YearBuildingLandTotal assessedTax paid
2020 $213,700 $2,502
2019 $190,200 $2,324
2018 $167,900 $1,844
2017 $145,100 $1,700
2016 $149,100 $1,668
2015 $132,800 $1,518
2014 $135,600 $1,504
2013 $136,600 $1,532
2012 $145,700 $1,596
2011 $142,000 $25,900 $167,900 $1,470
2009 $128,300 $28,200 $156,500 $1,252
2007 $130,537 $28,217 $158,754 $1,086

Property facts

Year built
2005
Property type
single_family
Stories
2
Beds
4
Baths
2
Living area
2,280 sqft
Lot size
11,325 sqft
ZIP code
56501
City
Detroit Lakes
Street
Homestead St
Coordinates
46.83052, -95.84117

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
$1,649
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value

Frequently asked questions

When did 324 Homestead St last sell?
324 Homestead St most recently sold on Feb 11, 2022 for $274,900.
What is the current tax assessment for 324 Homestead St?
The most recent total assessment for 324 Homestead St (year 2020) is $213,700 with $2,502 in property tax.
How does 324 Homestead St's assessment compare to its last sale price?
The current assessment is 22.3% below the last sale price of $274,900.
When was 324 Homestead St built?
324 Homestead St was built in 2005.
How does 324 Homestead St compare to others on Homestead St?
We track 8 other properties on Homestead St. Browse the list under "Other properties on Homestead St" to compare beds, baths, and sale history.
What are the property facts for 324 Homestead St?
324 Homestead St is a 4 bed, 2 bath, 2,280 sqft, 11,325 sqft lot single_family.
Is 324 Homestead St a flip candidate?
No — 324 Homestead St does not appear in our flips dataset.
Is 324 Homestead St a tax-appeal candidate?
No — 324 Homestead 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
+1.3%
Implied 1-yr
+5.3%
2026 Q3
$397K
2026 Q4
$397K
ZIP 56501 — Median Price History + Forecast

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