232 1st Ave
Elbow Lake, MN 56531
3 bd 1 ba 1,133 sqft Built 1915 Lot 6,926 sqft single_family
Most recent sale
$106,400
Jan 29, 2024
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Feb 26, 2025 | Sold | $114,900 | NorthstarMLS |
| Jan 24, 2025 | Price changed | $124,900 | NorthstarMLS |
| Jan 16, 2025 | Price changed | $129,900 | NorthstarMLS |
| Jan 12, 2025 | Price changed | $134,900 | NorthstarMLS |
| Dec 23, 2024 | Listed | $139,900 | NorthstarMLS |
| Jan 29, 2024 | Sold | $106,400 | Public Record |
| Dec 8, 2023 | Sold | $55,000 | NorthstarMLS |
| Oct 20, 2023 | Listed | $69,500 | NorthstarMLS |
| Aug 13, 2020 | Sold | $49,900 | LakeRegionMN |
| Mar 14, 2020 | Listed | $49,900 | NorthstarMLS |
| Oct 3, 2009 | Listing removed | $44,900 | LakeRegionMN |
| Sep 17, 2009 | Price changed | $44,900 | LakeRegionMN |
| Aug 9, 2009 | Price changed | $49,900 | LakeRegionMN |
| Apr 13, 2009 | Listed | $69,900 | LakeRegionMN |
| Jul 10, 2006 | Sold | $25,000 | Public Record |
| Nov 1, 2003 | Listing removed | $17,000 | GreaterAlexandria |
| Jul 24, 2003 | Listed | $17,000 | GreaterAlexandria |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $56,600 | $4,000 | $60,600 | $1,102 |
| 2022 | — | — | $25,860 | $662 |
| 2021 | — | — | $24,300 | $664 |
| 2020 | $37,400 | $2,800 | $40,200 | $1,060 |
| 2019 | $34,500 | $2,800 | $37,300 | $1,080 |
| 2018 | $31,500 | $2,800 | $34,300 | $990 |
| 2017 | $28,400 | $2,800 | $31,200 | $950 |
| 2016 | $30,100 | $2,800 | $32,900 | $968 |
| 2015 | $29,200 | $2,800 | $32,000 | $976 |
| 2014 | — | — | $20,700 | $720 |
| 2013 | $32,000 | $2,500 | $34,500 | $754 |
| 2012 | $32,000 | $3,000 | $35,000 | $1,118 |
| 2011 | $31,200 | $3,000 | $34,200 | $966 |
Property facts
Year built
1915
Property type
single_family
Stories
1
Beds
3
Baths
1
Living area
1,133 sqft
Lot size
6,926 sqft
ZIP code
56531
City
Elbow Lake
Street
1st Ave
Coordinates
45.99557, -95.97960
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
$638
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 232 1st Ave last sell?
232 1st Ave most recently sold on Jan 29, 2024 for $106,400.
What is the current tax assessment for 232 1st Ave?
The most recent total assessment for 232 1st Ave (year 2025) is $60,600 with $1,102 in property tax.
How does 232 1st Ave's assessment compare to its last sale price?
The current assessment is 43.0% below the last sale price of $106,400.
When was 232 1st Ave built?
232 1st Ave was built in 1915.
How does 232 1st Ave compare to others on 1st Ave?
We track 8 other properties on 1st Ave. Browse the list under "Other properties on 1st Ave" to compare beds, baths, and sale history.
What are the property facts for 232 1st Ave?
232 1st Ave is a 3 bed, 1 bath, 1,133 sqft, 6,926 sqft lot single_family.
Is 232 1st Ave a flip candidate?
Yes — 232 1st Ave appears in our flips dataset, indicating it sold twice within a short window with a notable price change.
Is 232 1st Ave a tax-appeal candidate?
No — 232 1st Ave is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
-4.3%
Implied 1-yr
-17.4%
2026 Q1
$108.6K
2026 Q2
$102K
ZIP 56531 — Median Price History + Forecast
Explore nearby
Geography
Other properties on 1st Ave