1020 Lilac Ln
Lake City, MN 55041
4 bd 2 ba 1,102 sqft Built 1978 Lot 11,413 sqft single_family
Most recent sale
$251,000
Apr 15, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Apr 15, 2022 | Sold | $251,000 | MLS #6160492 |
| Mar 6, 2022 | Listed | $250,000 | MLS #6160492 |
| May 1, 2020 | Sold | $160,000 | MLS #5298535 |
| Feb 26, 2020 | Price changed | $168,900 | MLS #5298535 |
| Oct 28, 2019 | Price changed | $176,500 | MLS #5298535 |
| Oct 17, 2019 | Price changed | $179,500 | MLS #5298535 |
| Sep 26, 2019 | Listed | $184,500 | MLS #5298535 |
| Oct 30, 1998 | Sold | $96,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | — | — | $201,100 | $2,712 |
| 2023 | — | — | $190,900 | $2,640 |
| 2022 | — | — | $145,700 | $2,294 |
| 2021 | — | — | $145,700 | $2,316 |
| 2020 | — | — | $146,600 | $2,336 |
| 2019 | — | — | $130,700 | $2,148 |
| 2018 | $102,969 | $28,631 | $131,600 | $2,192 |
| 2017 | $77,695 | $27,105 | $104,800 | $1,718 |
| 2016 | $75,651 | $26,949 | $102,600 | $1,736 |
| 2015 | $76,293 | $27,007 | $103,300 | $1,710 |
| 2014 | $77,410 | $27,090 | $104,500 | $1,654 |
| 2013 | $77,980 | $27,120 | $105,100 | $1,640 |
| 2012 | $113,100 | $33,700 | $146,800 | $1,896 |
| 2011 | $113,800 | $33,700 | $147,500 | $1,872 |
| 2010 | $113,800 | $33,700 | $147,500 | $1,778 |
Property facts
Year built
1978
Property type
single_family
Stories
2
Beds
4
Baths
2
Living area
1,102 sqft
Lot size
11,413 sqft
ZIP code
55041
City
Lake City
Street
Lilac Ln
Coordinates
44.43684, -92.26920
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$1,653
Gross rental yield
7.90%
Implied cap rate
5.14%
Trend-extrapolated value
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Frequently asked questions
When did 1020 Lilac Ln last sell?
1020 Lilac Ln most recently sold on Apr 15, 2022 for $251,000.
What is the current tax assessment for 1020 Lilac Ln?
The most recent total assessment for 1020 Lilac Ln (year 2025) is $201,100 with $2,712 in property tax.
How does 1020 Lilac Ln's assessment compare to its last sale price?
The current assessment is 19.9% below the last sale price of $251,000.
When was 1020 Lilac Ln built?
1020 Lilac Ln was built in 1978.
How does 1020 Lilac Ln compare to others on Lilac Ln?
We track 6 other properties on Lilac Ln. Browse the list under "Other properties on Lilac Ln" to compare beds, baths, and sale history.
What are the property facts for 1020 Lilac Ln?
1020 Lilac Ln is a 4 bed, 2 bath, 1,102 sqft, 11,413 sqft lot single_family.
Is 1020 Lilac Ln a flip candidate?
Yes — 1020 Lilac Ln appears in our flips dataset, indicating it sold twice within a short window with a notable price change.
Is 1020 Lilac Ln a tax-appeal candidate?
No — 1020 Lilac Ln 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 Lilac Ln