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1221 242nd Way

East Bethel, MN 55005

4 bd 2 ba 2,450 sqft Built 2022 Lot 16,596 sqft single_family
Most recent sale
$425,000
Dec 15, 2023

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
Dec 15, 2023 Sold $425,000 NorthstarMLS
Oct 3, 2023 Relisted $399,000 NorthstarMLS
Oct 2, 2023 Listing removed NorthstarMLS
Sep 5, 2023 Price changed $399,000 NorthstarMLS
Mar 9, 2023 Listed $427,000 NorthstarMLS
Jan 1, 2023 Listing removed NorthstarMLS
Aug 5, 2022 Listed $427,000 MLS #6244709

Tax assessment history

YearBuildingLandTotal assessedTax paid
2022 $1,500 $1,500 $17

Property facts

Year built
2022
Property type
single_family
Stories
2
Beds
4
Baths
2
Living area
2,450 sqft
Lot size
16,596 sqft
ZIP code
55005
City
East Bethel
Street
242nd Way
Coordinates
45.41040, -93.23984

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
$3,675
Gross rental yield
10.38%
Implied cap rate
6.74%
Trend-extrapolated value

Frequently asked questions

When did 1221 242nd Way last sell?
1221 242nd Way most recently sold on Dec 15, 2023 for $425,000.
What is the current tax assessment for 1221 242nd Way?
The most recent total assessment for 1221 242nd Way (year 2022) is $1,500 with $17 in property tax.
How does 1221 242nd Way's assessment compare to its last sale price?
The current assessment is 99.6% below the last sale price of $425,000.
When was 1221 242nd Way built?
1221 242nd Way was built in 2022.
How does 1221 242nd Way compare to others on 242nd Way?
We track 7 other properties on 242nd Way. Browse the list under "Other properties on 242nd Way" to compare beds, baths, and sale history.
What are the property facts for 1221 242nd Way?
1221 242nd Way is a 4 bed, 2 bath, 2,450 sqft, 16,596 sqft lot single_family.
Is 1221 242nd Way a flip candidate?
No — 1221 242nd Way does not appear in our flips dataset.
Is 1221 242nd Way a tax-appeal candidate?
No — 1221 242nd Way 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
+0.7%
Implied 1-yr
+2.9%
2026 Q3
$431.7K
2026 Q4
$434.7K
ZIP 55005 — Median Price History + Forecast

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