531 1st Ave
Forest Lake, MN 55025
2 bd 2 ba 908 sqft Built 1905 Lot 8,930 sqft single_family
Most recent sale
$223,500
Jul 19, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Apr 24, 2025 | Sold | $230,000 | NorthstarMLS |
| Nov 27, 2024 | Listed | $223,500 | NorthstarMLS |
| Jul 19, 2022 | Sold | $223,500 | MLS #6189803 |
| Jun 23, 2022 | Relisted | $215,000 | MLS #6189803 |
| Jun 8, 2022 | Listed | $215,000 | MLS #6189803 |
| Jul 8, 2017 | Sold | $159,900 | MLS #4823372 |
| May 1, 2017 | Listed | $159,900 | MLS #4823372 |
| Oct 27, 2011 | Sold | $75,500 | MLS #4083028 |
| Sep 1, 2011 | Listed | $74,900 | MLS #4083028 |
| Nov 22, 2002 | Sold | $164,900 | Public Record |
| Mar 1, 1991 | Sold | $53,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $137,000 | $71,300 | $208,300 | $3,288 |
| 2024 | $128,100 | $72,600 | $200,700 | $2,700 |
| 2023 | $128,400 | $70,800 | $199,200 | $2,062 |
| 2022 | $108,800 | $60,000 | $168,800 | $1,996 |
| 2021 | $89,700 | $53,700 | $143,400 | $1,756 |
| 2020 | $89,700 | $53,700 | $143,400 | $1,750 |
| 2019 | $91,300 | $49,100 | $140,400 | $1,632 |
| 2018 | $85,100 | $42,100 | $127,200 | $1,420 |
| 2017 | $74,700 | $41,200 | $115,900 | $1,722 |
| 2016 | $89,500 | $45,000 | $134,500 | $1,516 |
| 2015 | $87,100 | $37,000 | $124,100 | $1,402 |
| 2014 | $83,400 | $37,000 | $120,400 | $1,346 |
| 2013 | $71,700 | $35,300 | $107,000 | $1,286 |
| 2012 | $67,600 | $33,300 | $100,900 | $1,088 |
| 2011 | $51,000 | $42,900 | $93,900 | $1,048 |
| 2010 | $69,500 | $57,900 | $127,400 | $1,114 |
Property facts
Year built
1905
Property type
single_family
Stories
1
Beds
2
Baths
2
Living area
908 sqft
Lot size
8,930 sqft
ZIP code
55025
City
Forest Lake
Street
1st Ave
Coordinates
45.27816, -92.99080
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
$1,362
Gross rental yield
7.31%
Implied cap rate
4.75%
Trend-extrapolated value
—
Frequently asked questions
When did 531 1st Ave last sell?
531 1st Ave most recently sold on Jul 19, 2022 for $223,500.
What is the current tax assessment for 531 1st Ave?
The most recent total assessment for 531 1st Ave (year 2025) is $208,300 with $3,288 in property tax.
How does 531 1st Ave's assessment compare to its last sale price?
The current assessment is 6.8% below the last sale price of $223,500.
When was 531 1st Ave built?
531 1st Ave was built in 1905.
How does 531 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 531 1st Ave?
531 1st Ave is a 2 bed, 2 bath, 908 sqft, 8,930 sqft lot single_family.
Is 531 1st Ave a flip candidate?
No — 531 1st Ave does not appear in our flips dataset.
Is 531 1st Ave a tax-appeal candidate?
No — 531 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
-2.2%
Implied 1-yr
-8.6%
2026 Q3
$405K
2026 Q4
$394.9K
ZIP 55025 — Median Price History + Forecast
Explore nearby
Geography
Other properties on 1st Ave