71024 227th Ave
Lake City, MN 55041
2 bd 1 ba 660 sqft Built 1955 Lot 7,492 sqft single_family
Most recent sale
$275,000
Jul 15, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Jul 15, 2022 | Sold | $275,000 | MLS #6213205 |
| Jun 4, 2022 | Listed | $275,000 | MLS #6213205 |
| Mar 7, 2019 | Listing removed | $207,000 | NorthstarMLS |
| Dec 20, 2018 | Listing removed | $207,000 | Southeastminnesota |
| Dec 11, 2018 | Listing removed | $207,000 | NorthstarMLS |
| Dec 10, 2018 | Listing removed | $207,000 | GreaterLakes |
| Nov 16, 2018 | Sold | $125,000 | Public Record |
| Jan 1, 2018 | Sold | $125,000 | Public Record |
| Nov 10, 2011 | Listing removed | $207,000 | Southeastminnesota |
| Nov 1, 2007 | Listing removed | $199,000 | Southeastminnesota |
| Jun 29, 2007 | Listed | $199,000 | MLS #2931901 |
| Sep 5, 2006 | Listed | $207,000 | MLS #5100062 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $102,800 | $85,000 | $187,800 | $1,348 |
| 2023 | $87,200 | $57,500 | $144,700 | $994 |
| 2022 | $69,200 | $57,500 | $126,700 | $1,016 |
| 2021 | $62,100 | $68,800 | $130,900 | $1,104 |
| 2020 | $62,100 | $68,800 | $130,900 | $1,080 |
| 2019 | $62,500 | $63,800 | $126,300 | $972 |
| 2018 | $59,000 | $51,000 | $110,000 | $960 |
| 2017 | $53,000 | $56,300 | $109,300 | $976 |
| 2016 | $53,300 | $56,300 | $109,600 | $1,002 |
| 2015 | $53,900 | $56,300 | $110,200 | $934 |
| 2014 | $54,300 | $56,300 | $110,600 | $898 |
| 2013 | $54,900 | $56,300 | $111,200 | $824 |
| 2012 | $54,500 | $48,000 | $102,500 | $836 |
| 2011 | $54,800 | $48,000 | $102,800 | $892 |
| 2010 | $55,200 | $48,000 | $103,200 | $866 |
Property facts
Year built
1955
Property type
single_family
Stories
1
Beds
2
Baths
1
Living area
660 sqft
Lot size
7,492 sqft
ZIP code
55041
City
Lake City
Street
227th Ave
Coordinates
44.41027, -92.12308
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$990
Gross rental yield
4.32%
Implied cap rate
2.81%
Trend-extrapolated value
—
Frequently asked questions
When did 71024 227th Ave last sell?
71024 227th Ave most recently sold on Jul 15, 2022 for $275,000.
What is the current tax assessment for 71024 227th Ave?
The most recent total assessment for 71024 227th Ave (year 2025) is $187,800 with $1,348 in property tax.
How does 71024 227th Ave's assessment compare to its last sale price?
The current assessment is 31.7% below the last sale price of $275,000.
When was 71024 227th Ave built?
71024 227th Ave was built in 1955.
How does 71024 227th Ave compare to others on 227th Ave?
We track 1 other property on 227th Ave. Browse the list under "Other properties on 227th Ave" to compare beds, baths, and sale history.
What are the property facts for 71024 227th Ave?
71024 227th Ave is a 2 bed, 1 bath, 660 sqft, 7,492 sqft lot single_family.
Is 71024 227th Ave a flip candidate?
No — 71024 227th Ave does not appear in our flips dataset.
Is 71024 227th Ave a tax-appeal candidate?
No — 71024 227th 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
+8.5%
Implied 1-yr
+34.1%
2026 Q3
$595.5K
2026 Q4
$628.1K
ZIP 55041 — Median Price History + Forecast
Explore nearby
Geography
Other properties on 227th Ave