321 Michigan St
Lake City, MN 55041
2 bd 2 ba 1,008 sqft Built 1971 Lot 10,800 sqft single_family
Most recent sale
$156,000
Apr 8, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Mar 23, 2023 | Sold | $275,000 | Public Record |
| Apr 8, 2022 | Sold | $156,000 | MLS #6158369 |
| Mar 2, 2022 | Listed | $160,000 | MLS #6158369 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2020 | — | — | $141,600 | $1,980 |
| 2019 | — | — | $123,500 | $2,024 |
| 2018 | — | — | $122,900 | $1,874 |
| 2017 | $83,843 | $28,057 | $111,900 | $1,846 |
| 2016 | $84,873 | $28,127 | $113,000 | $1,858 |
| 2015 | $82,168 | $27,932 | $110,100 | $1,830 |
| 2014 | $82,814 | $27,986 | $110,800 | $1,768 |
| 2013 | $83,939 | $28,061 | $112,000 | $1,750 |
| 2012 | $84,416 | $28,084 | $112,500 | $1,826 |
| 2011 | $108,200 | $34,300 | $142,500 | $1,810 |
| 2010 | $109,100 | $34,300 | $143,400 | $1,598 |
| 2009 | $101,300 | $34,300 | $135,600 | $1,562 |
Property facts
Year built
1971
Property type
single_family
Stories
1
Beds
2
Baths
2
Living area
1,008 sqft
Lot size
10,800 sqft
ZIP code
55041
City
Lake City
Street
Michigan St
Coordinates
44.43625, -92.25575
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$1,512
Gross rental yield
11.63%
Implied cap rate
7.56%
Trend-extrapolated value
—
Frequently asked questions
When did 321 Michigan St last sell?
321 Michigan St most recently sold on Apr 8, 2022 for $156,000.
What is the current tax assessment for 321 Michigan St?
The most recent total assessment for 321 Michigan St (year 2020) is $141,600 with $1,980 in property tax.
How does 321 Michigan St's assessment compare to its last sale price?
The current assessment is 9.2% below the last sale price of $156,000.
When was 321 Michigan St built?
321 Michigan St was built in 1971.
How does 321 Michigan St compare to others on Michigan St?
We track 5 other properties on Michigan St. Browse the list under "Other properties on Michigan St" to compare beds, baths, and sale history.
What are the property facts for 321 Michigan St?
321 Michigan St is a 2 bed, 2 bath, 1,008 sqft, 10,800 sqft lot single_family.
Is 321 Michigan St a flip candidate?
Yes — 321 Michigan St appears in our flips dataset, indicating it sold twice within a short window with a notable price change.
Is 321 Michigan St a tax-appeal candidate?
No — 321 Michigan 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
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