1550 Richwood Rd
Detroit Lakes, MN 56501
2 bd 2 ba 1,141 sqft Built 1928 Lot 98,446 sqft single_family
Most recent sale
$196,000
Jun 15, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Jun 15, 2022 | Sold | $196,000 | MLS #6194967 |
| Jun 10, 2022 | Listed | $189,900 | MLS #6194967 |
| May 12, 2022 | Listed | $189,900 | MLS #20-35884 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2020 | — | — | $148,500 | $1,774 |
| 2019 | — | — | $148,400 | $1,726 |
| 2018 | — | — | $138,700 | $1,492 |
| 2017 | — | — | $133,800 | $1,408 |
| 2016 | — | — | $115,700 | $1,096 |
| 2015 | — | — | $94,400 | $984 |
| 2014 | — | — | $82,900 | $942 |
| 2013 | — | — | $80,300 | $934 |
| 2012 | — | — | $81,000 | $1,556 |
| 2011 | — | — | $87,600 | $1,688 |
| 2009 | $43,800 | $50,500 | $94,300 | $2,272 |
Property facts
Year built
1928
Property type
single_family
Stories
1
Beds
2
Baths
2
Living area
1,141 sqft
Lot size
98,446 sqft
ZIP code
56501
City
Detroit Lakes
Street
Richwood Rd
Coordinates
46.84429, -95.83766
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$1,712
Gross rental yield
10.48%
Implied cap rate
6.81%
Trend-extrapolated value
—
Frequently asked questions
When did 1550 Richwood Rd last sell?
1550 Richwood Rd most recently sold on Jun 15, 2022 for $196,000.
What is the current tax assessment for 1550 Richwood Rd?
The most recent total assessment for 1550 Richwood Rd (year 2020) is $148,500 with $1,774 in property tax.
How does 1550 Richwood Rd's assessment compare to its last sale price?
The current assessment is 24.2% below the last sale price of $196,000.
When was 1550 Richwood Rd built?
1550 Richwood Rd was built in 1928.
How does 1550 Richwood Rd compare to others on Richwood Rd?
We track 8 other properties on Richwood Rd. Browse the list under "Other properties on Richwood Rd" to compare beds, baths, and sale history.
What are the property facts for 1550 Richwood Rd?
1550 Richwood Rd is a 2 bed, 2 bath, 1,141 sqft, 98,446 sqft lot single_family.
Is 1550 Richwood Rd a flip candidate?
No — 1550 Richwood Rd does not appear in our flips dataset.
Is 1550 Richwood Rd a tax-appeal candidate?
No — 1550 Richwood Rd 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 Richwood Rd