316 Sherman St
Detroit Lakes, MN 56501
4 bd 2 ba 1,619 sqft Built 1930 Lot 8,712 sqft single_family
Most recent sale
$55,000
Oct 4, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Oct 4, 2022 | Sold | $55,000 | MLS #6257968 |
| Sep 9, 2022 | Listed | $55,000 | MLS #6257968 |
| Jul 27, 2022 | Sold | $45,000 | Public Record |
| Sep 15, 1999 | Sold | $45,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $64,000 | $32,700 | $96,700 | $984 |
| 2024 | $69,700 | $32,700 | $102,400 | $1,048 |
| 2020 | — | — | $32,900 | $474 |
| 2019 | — | — | $32,900 | $726 |
| 2018 | — | — | $52,500 | $671 |
| 2017 | — | — | $57,000 | $688 |
| 2016 | — | — | $52,100 | $548 |
| 2015 | — | — | $42,200 | $524 |
| 2014 | — | — | $40,300 | $502 |
| 2013 | — | — | $41,800 | $514 |
| 2012 | — | — | $42,200 | $524 |
| 2011 | — | — | $44,300 | $478 |
| 2009 | $49,200 | $30,100 | $79,300 | $404 |
| 2007 | $48,029 | $27,538 | $75,567 | $8 |
Property facts
Year built
1930
Property type
single_family
Stories
1
Beds
4
Baths
2
Living area
1,619 sqft
Lot size
8,712 sqft
ZIP code
56501
City
Detroit Lakes
Street
Sherman St
Coordinates
46.81308, -95.83990
Comparable properties nearby
Block-level micro-comps
Same street, ±3 house numbers, sold in the last 24 monthsInvestment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$330
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 316 Sherman St last sell?
316 Sherman St most recently sold on Oct 4, 2022 for $55,000.
What is the current tax assessment for 316 Sherman St?
The most recent total assessment for 316 Sherman St (year 2025) is $96,700 with $984 in property tax.
How does 316 Sherman St's assessment compare to its last sale price?
The current assessment is 75.8% above the last sale price of $55,000.
When was 316 Sherman St built?
316 Sherman St was built in 1930.
How does 316 Sherman St compare to others on Sherman St?
We track 8 other properties on Sherman St. Browse the list under "Other properties on Sherman St" to compare beds, baths, and sale history.
What are the property facts for 316 Sherman St?
316 Sherman St is a 4 bed, 2 bath, 1,619 sqft, 8,712 sqft lot single_family.
Is 316 Sherman St a flip candidate?
Yes — 316 Sherman St appears in our flips dataset, indicating it sold twice within a short window with a notable price change.
Is 316 Sherman St a tax-appeal candidate?
Yes — 316 Sherman St appears in our tax-appeal candidates list, meaning its current assessment exceeds its recent sale price by 15% or more.
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 Sherman St