516 State St
Detroit Lakes, MN 56501
1 bd 1 ba 406 sqft Built 1948 Lot 4,792 sqft single_family
Most recent sale
$117,300
Jan 14, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Jan 14, 2022 | Sold | $117,300 | MLS #20-35262 |
| Jul 24, 2021 | Listing removed | $69,900 | NorthstarMLS |
| Dec 3, 2018 | Listing removed | $69,900 | LakeRegionMN |
| Mar 13, 2018 | Listing removed | $69,900 | LakeRegionMN |
| Dec 27, 2017 | Listed | $69,900 | MLS #20-21500 |
| Aug 24, 2007 | Sold | $40,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $65,200 | $27,800 | $93,000 | $926 |
| 2024 | $61,900 | $27,800 | $89,700 | $904 |
| 2023 | $44,700 | $27,800 | $72,500 | $814 |
| 2022 | $39,400 | $24,600 | $64,000 | $792 |
| 2021 | $36,100 | $24,600 | $60,700 | $750 |
| 2020 | $36,100 | $24,600 | $60,700 | $958 |
| 2019 | $36,100 | $24,600 | $60,700 | $720 |
| 2018 | $31,000 | $24,600 | $55,600 | $670 |
| 2017 | $33,800 | $24,200 | $58,000 | $676 |
| 2016 | $22,400 | $24,200 | $46,600 | $670 |
| 2015 | $15,300 | $24,200 | $39,500 | $754 |
| 2014 | $14,100 | $24,200 | $38,300 | $638 |
| 2013 | $13,600 | $24,200 | $37,800 | $650 |
| 2012 | $13,600 | $24,200 | $37,800 | $538 |
| 2011 | $14,500 | $24,400 | $38,900 | $404 |
| 2009 | $13,700 | $25,100 | $38,800 | $390 |
| 2007 | $13,489 | $25,100 | $38,589 | $330 |
Property facts
Year built
1948
Property type
single_family
Stories
—
Beds
1
Baths
1
Living area
406 sqft
Lot size
4,792 sqft
ZIP code
56501
City
Detroit Lakes
Street
State St
Coordinates
46.81971, -95.85212
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$609
Gross rental yield
6.23%
Implied cap rate
4.05%
Trend-extrapolated value
—
Frequently asked questions
When did 516 State St last sell?
516 State St most recently sold on Jan 14, 2022 for $117,300.
What is the current tax assessment for 516 State St?
The most recent total assessment for 516 State St (year 2025) is $93,000 with $926 in property tax.
How does 516 State St's assessment compare to its last sale price?
The current assessment is 20.7% below the last sale price of $117,300.
When was 516 State St built?
516 State St was built in 1948.
How does 516 State St compare to others on State St?
We track 8 other properties on State St. Browse the list under "Other properties on State St" to compare beds, baths, and sale history.
What are the property facts for 516 State St?
516 State St is a 1 bed, 1 bath, 406 sqft, 4,792 sqft lot single_family.
Is 516 State St a flip candidate?
No — 516 State St does not appear in our flips dataset.
Is 516 State St a tax-appeal candidate?
No — 516 State 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 State St