506 7th St
Lake City, MN 55041
2 bd 2 ba 900 sqft Built 1890 Lot 7,100 sqft single_family
Most recent sale
$199,000
Jul 8, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| May 5, 2026 | Price changed | $239,900 | NorthstarMLS |
| Apr 24, 2026 | Price changed | $245,000 | NorthstarMLS |
| Apr 10, 2026 | Listed | $250,000 | NorthstarMLS |
| Jul 8, 2022 | Sold | $199,000 | MLS #6196604 |
| May 24, 2022 | Price changed | $199,000 | MLS #6196604 |
| May 17, 2022 | Listed | $225,000 | MLS #6196604 |
| Aug 23, 2019 | Sold | $139,750 | MLS #5248720 |
| Jun 18, 2019 | Listed | $141,900 | MLS #5248720 |
| Sep 30, 2017 | Sold | $113,000 | MLS #4856567 |
| Aug 4, 2017 | Listed | $119,000 | MLS #4081597 |
| Jul 19, 2017 | Listed | $119,000 | MLS #4856567 |
| Jan 1, 2017 | Sold | $113,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2020 | — | — | $76,600 | $918 |
| 2019 | — | — | $55,000 | $930 |
| 2018 | — | — | $54,400 | $840 |
| 2017 | $36,551 | $11,549 | $48,100 | $904 |
| 2016 | $37,081 | $11,619 | $48,700 | $906 |
| 2015 | $35,841 | $11,459 | $47,300 | $900 |
| 2014 | $36,370 | $11,530 | $47,900 | $884 |
| 2013 | $37,263 | $11,637 | $48,900 | $804 |
| 2012 | $37,627 | $11,673 | $49,300 | $850 |
| 2011 | $63,700 | $18,800 | $82,500 | $890 |
| 2010 | $64,200 | $18,800 | $83,000 | $840 |
| 2009 | $64,600 | $18,800 | $83,400 | $826 |
Property facts
Year built
1890
Property type
single_family
Stories
2
Beds
2
Baths
2
Living area
900 sqft
Lot size
7,100 sqft
ZIP code
55041
City
Lake City
Street
7th St
Coordinates
44.44790, -92.27664
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$1,350
Gross rental yield
8.14%
Implied cap rate
5.29%
Trend-extrapolated value
—
Frequently asked questions
When did 506 7th St last sell?
506 7th St most recently sold on Jul 8, 2022 for $199,000.
What is the current tax assessment for 506 7th St?
The most recent total assessment for 506 7th St (year 2020) is $76,600 with $918 in property tax.
How does 506 7th St's assessment compare to its last sale price?
The current assessment is 61.5% below the last sale price of $199,000.
When was 506 7th St built?
506 7th St was built in 1890.
How does 506 7th St compare to others on 7th St?
We track 8 other properties on 7th St. Browse the list under "Other properties on 7th St" to compare beds, baths, and sale history.
What are the property facts for 506 7th St?
506 7th St is a 2 bed, 2 bath, 900 sqft, 7,100 sqft lot single_family.
Is 506 7th St a flip candidate?
No — 506 7th St does not appear in our flips dataset.
Is 506 7th St a tax-appeal candidate?
No — 506 7th St 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 7th St