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511 Main St

Detroit Lakes, MN 56501

4 bd 1 ba 1,155 sqft Built 1940 Lot 7,501 sqft single_family
Most recent sale
$168,500
May 3, 2021

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
Aug 15, 2025 Sold $188,000 NorthstarMLS
Jun 26, 2025 Price changed $185,000 NorthstarMLS
May 26, 2025 Price changed $189,000 NorthstarMLS
May 6, 2025 Listed $199,000 NorthstarMLS
Apr 18, 2024 Listing removed NorthstarMLS
Apr 5, 2024 Price changed $189,900 NorthstarMLS
Feb 12, 2024 Price changed $199,000 NorthstarMLS
Jan 31, 2024 Price changed $214,900 NorthstarMLS
Jan 19, 2024 Listed $224,900 NorthstarMLS
May 3, 2021 Sold $168,500 DetroitLakes
Mar 17, 2021 Listing removed Fargo
Jan 26, 2021 Price changed $170,000 Fargo
Dec 31, 2020 Listed $175,000 Fargo
Sep 14, 2018 Sold $143,500 LakeRegionMN
Jul 25, 2018 Relisted $142,000 LakeRegionMN
Jul 18, 2018 Listing removed $142,000 LakeRegionMN
Jul 11, 2018 Listed $142,000 LakeRegionMN
Jun 3, 2005 Sold $84,900 Public Record
Oct 17, 2003 Sold $50,000 Public Record
Oct 16, 2003 Sold $43,900 Public Record
Sep 1, 1994 Sold $43,900 Public Record

Tax assessment history

YearBuildingLandTotal assessedTax paid
2022 $81,200 $1,018
2021 $69,700 $890
2020 $69,700 $896
2019 $70,100 $930
2018 $66,400 $798
2017 $55,200 $722
2016 $48,200 $614
2015 $44,500 $574
2014 $43,500 $522
2013 $43,100 $524
2012 $45,200 $534
2011 $50,400 $25,500 $75,900 $468
2009 $47,000 $26,600 $73,600 $446
2007 $42,839 $26,600 $69,439 $8

Property facts

Year built
1940
Property type
single_family
Stories
1
Beds
4
Baths
1
Living area
1,155 sqft
Lot size
7,501 sqft
ZIP code
56501
City
Detroit Lakes
Street
Main St
Coordinates
46.82026, -95.85190

Comparable properties nearby

Investment analysis

Estimates based on local averages — not personalized advice
Estimated monthly rent
$1,733
Gross rental yield
12.34%
Implied cap rate
8.02%
Trend-extrapolated value

Frequently asked questions

When did 511 Main St last sell?
511 Main St most recently sold on May 3, 2021 for $168,500.
What is the current tax assessment for 511 Main St?
The most recent total assessment for 511 Main St (year 2022) is $81,200 with $1,018 in property tax.
How does 511 Main St's assessment compare to its last sale price?
The current assessment is 51.8% below the last sale price of $168,500.
When was 511 Main St built?
511 Main St was built in 1940.
How does 511 Main St compare to others on Main St?
We track 8 other properties on Main St. Browse the list under "Other properties on Main St" to compare beds, baths, and sale history.
What are the property facts for 511 Main St?
511 Main St is a 4 bed, 1 bath, 1,155 sqft, 7,501 sqft lot single_family.
Is 511 Main St a flip candidate?
No — 511 Main St does not appear in our flips dataset.
Is 511 Main St a tax-appeal candidate?
No — 511 Main 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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