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620 3rd St

Elbow Lake, MN 56531

3 bd 1 ba 2,310 sqft Built 1957 Lot 107,070 sqft single_family
Most recent sale
$138,300
Nov 17, 2023

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
Nov 17, 2023 Sold $138,300 NorthstarMLS
Sep 29, 2023 Listed $145,000 NorthstarMLS

Tax assessment history

YearBuildingLandTotal assessedTax paid
2025 $223,800 $50,600 $274,400 $5,938
2015 $78,500 $8,300 $86,800 $2,340
2014 $99,100 $7,500 $106,600 $2,842

Property facts

Year built
1957
Property type
single_family
Stories
1
Beds
3
Baths
1
Living area
2,310 sqft
Lot size
107,070 sqft
ZIP code
56531
City
Elbow Lake
Street
3rd St
Coordinates
45.99541, -95.96716

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
$830
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value

Frequently asked questions

When did 620 3rd St last sell?
620 3rd St most recently sold on Nov 17, 2023 for $138,300.
What is the current tax assessment for 620 3rd St?
The most recent total assessment for 620 3rd St (year 2025) is $274,400 with $5,938 in property tax.
How does 620 3rd St's assessment compare to its last sale price?
The current assessment is 98.4% above the last sale price of $138,300.
When was 620 3rd St built?
620 3rd St was built in 1957.
How does 620 3rd St compare to others on 3rd St?
We track 8 other properties on 3rd St. Browse the list under "Other properties on 3rd St" to compare beds, baths, and sale history.
What are the property facts for 620 3rd St?
620 3rd St is a 3 bed, 1 bath, 2,310 sqft, 107,070 sqft lot single_family.
Is 620 3rd St a flip candidate?
No — 620 3rd St does not appear in our flips dataset.
Is 620 3rd St a tax-appeal candidate?
Yes — 620 3rd 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 valuation
Quarterly trend
-4.3%
Implied 1-yr
-17.4%
2026 Q1
$108.6K
2026 Q2
$102K
ZIP 56531 — Median Price History + Forecast

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