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656 3rd St

Forest Lake, MN 55025

4 bd 2 ba 1,835 sqft Built 1978 Lot 8,998 sqft single_family
Most recent sale
$314,900
Sep 14, 2022

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
Dec 5, 2022 Sold $314,900 Public Record
Sep 14, 2022 Sold $314,900 MLS #6243598
Aug 2, 2022 Listed $314,900 MLS #6243598
Feb 1, 2017 Sold $178,000 MLS #4785697
Jan 9, 2017 Listed $175,000 MLS #4785697
Dec 2, 2014 Listing removed $167,000 NorthstarMLS
Oct 22, 2014 Listed $167,000 MLS #4539783
Oct 21, 2014 Listing removed $165,900 NorthstarMLS
Sep 8, 2014 Price changed $165,900 MLS #4481676
Jul 31, 2014 Price changed $169,900 MLS #4481676
May 19, 2014 Listed $174,900 MLS #4481676
Sep 14, 2005 Sold $173,500 Public Record
Dec 9, 2004 Sold $115,704 Public Record
Mar 25, 1993 Sold $73,000 Public Record

Tax assessment history

YearBuildingLandTotal assessedTax paid
2025 $220,700 $70,500 $291,200 $3,216
2024 $210,400 $81,200 $291,600 $3,016
2023 $176,900 $68,100 $245,000 $2,524
2022 $147,200 $56,000 $203,200 $2,790
2021 $140,800 $56,000 $196,800 $2,860
2020 $140,800 $56,000 $196,800 $2,422
2019 $142,900 $56,000 $198,900 $2,464
2018 $136,000 $62,000 $198,000 $2,156
2017 $130,000 $47,000 $177,000 $2,764
2016 $130,500 $40,000 $170,500 $1,994
2015 $128,300 $35,000 $163,300 $1,768
2014 $116,800 $35,000 $151,800 $1,392
2013 $83,200 $24,500 $107,700 $1,346
2012 $79,300 $22,800 $102,100 $1,578
2011 $106,100 $55,000 $161,100 $1,426
2010 $103,500 $57,900 $161,400 $1,500

Property facts

Year built
1978
Property type
single_family
Stories
1
Beds
4
Baths
2
Living area
1,835 sqft
Lot size
8,998 sqft
ZIP code
55025
City
Forest Lake
Street
3rd St
Coordinates
45.28590, -92.98752

Comparable properties nearby

Investment analysis

Estimates based on local averages — not personalized advice
Estimated monthly rent
$2,753
Gross rental yield
10.49%
Implied cap rate
6.82%
Trend-extrapolated value

Frequently asked questions

When did 656 3rd St last sell?
656 3rd St most recently sold on Sep 14, 2022 for $314,900.
What is the current tax assessment for 656 3rd St?
The most recent total assessment for 656 3rd St (year 2025) is $291,200 with $3,216 in property tax.
How does 656 3rd St's assessment compare to its last sale price?
The current assessment is 7.5% below the last sale price of $314,900.
When was 656 3rd St built?
656 3rd St was built in 1978.
How does 656 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 656 3rd St?
656 3rd St is a 4 bed, 2 bath, 1,835 sqft, 8,998 sqft lot single_family.
Is 656 3rd St a flip candidate?
No — 656 3rd St does not appear in our flips dataset.
Is 656 3rd St a tax-appeal candidate?
No — 656 3rd St 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
-2.2%
Implied 1-yr
-8.6%
2026 Q3
$405K
2026 Q4
$394.9K
ZIP 55025 — Median Price History + Forecast

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