940 Lake Dr
Lake View Township, MN 56501
3 bd 2 ba 2,240 sqft Built 1970 Lot 21,780 sqft single_family
Most recent sale
$550,000
May 16, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| May 16, 2022 | Sold | $550,000 | MLS #20-35568 |
| Mar 24, 2022 | Listed | $550,000 | MLS #20-35568 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $336,900 | $387,500 | $724,400 | $7,448 |
| 2024 | $293,600 | $314,300 | $607,900 | $6,190 |
| 2023 | $202,700 | $249,400 | $452,100 | $4,718 |
| 2022 | $171,500 | $249,400 | $420,900 | $4,816 |
| 2020 | — | — | $389,100 | $4,534 |
| 2019 | — | — | $281,000 | $3,452 |
| 2018 | — | — | $267,300 | $2,942 |
| 2017 | — | — | $258,000 | $3,012 |
| 2016 | — | — | $259,000 | $2,894 |
| 2015 | — | — | $257,200 | $2,926 |
| 2014 | — | — | $225,100 | $2,538 |
| 2013 | — | — | $226,100 | $2,596 |
| 2012 | — | — | $210,500 | $2,364 |
| 2011 | $143,000 | $134,300 | $277,300 | $2,746 |
| 2009 | $143,600 | $131,600 | $275,200 | $2,714 |
| 2007 | $154,236 | $128,400 | $282,636 | $2,759 |
Property facts
Year built
1970
Property type
single_family
Stories
2
Beds
3
Baths
2
Living area
2,240 sqft
Lot size
21,780 sqft
ZIP code
56501
City
Lake View Township
Street
Lake Dr
Coordinates
46.80276, -95.85759
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$3,360
Gross rental yield
7.33%
Implied cap rate
4.77%
Trend-extrapolated value
—
Frequently asked questions
When did 940 Lake Dr last sell?
940 Lake Dr most recently sold on May 16, 2022 for $550,000.
What is the current tax assessment for 940 Lake Dr?
The most recent total assessment for 940 Lake Dr (year 2025) is $724,400 with $7,448 in property tax.
How does 940 Lake Dr's assessment compare to its last sale price?
The current assessment is 31.7% above the last sale price of $550,000.
When was 940 Lake Dr built?
940 Lake Dr was built in 1970.
How does 940 Lake Dr compare to others on Lake Dr?
We do not currently track other properties on Lake Dr.
What are the property facts for 940 Lake Dr?
940 Lake Dr is a 3 bed, 2 bath, 2,240 sqft, 21,780 sqft lot single_family.
Is 940 Lake Dr a flip candidate?
No — 940 Lake Dr does not appear in our flips dataset.
Is 940 Lake Dr a tax-appeal candidate?
Yes — 940 Lake Dr appears in our tax-appeal candidates list, meaning its current assessment exceeds its recent sale price by 15% or more.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+1.3%
Implied 1-yr
+5.3%
2026 Q3
$397K
2026 Q4
$397K
ZIP 56501 — Median Price History + Forecast
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Geography