16515 Forbes Ave
Lakeville, MN 55068
3 bd 2 ba 1,784 sqft Built 1970 Lot 13,765 sqft single_family
Most recent sale
$338,000
May 24, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| May 24, 2022 | Sold | $338,000 | Public Record |
| May 13, 2022 | Sold | $338,000 | MLS #6155319 |
| Feb 21, 2022 | Listed | $324,900 | MLS #6155319 |
| May 7, 2020 | Sold | $275,000 | MLS #5506407 |
| Mar 22, 2020 | Listed | $275,000 | MLS #5506407 |
| Dec 12, 2014 | Sold | $207,000 | MLS #4519408 |
| Dec 1, 2014 | Relisted | $209,900 | MLS #4519408 |
| Nov 26, 2014 | Listing removed | $209,900 | NorthstarMLS |
| Nov 7, 2014 | Relisted | $209,900 | MLS #4519408 |
| Oct 28, 2014 | Listing removed | $209,900 | NorthstarMLS |
| Oct 21, 2014 | Price changed | $209,900 | MLS #4519408 |
| Sep 9, 2014 | Price changed | $219,900 | MLS #4519408 |
| Aug 21, 2014 | Listed | $224,900 | MLS #4519408 |
| Jun 28, 2005 | Sold | $206,000 | Public Record |
| Jun 27, 2002 | Sold | $159,900 | Public Record |
| May 9, 1994 | Sold | $80,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $245,623 | $63,276 | $308,899 | $3,360 |
| 2023 | $243,288 | $64,566 | $307,854 | $3,086 |
| 2022 | $199,804 | $54,967 | $254,771 | $2,832 |
| 2021 | $179,804 | $51,641 | $231,445 | $2,678 |
| 2020 | $163,354 | $48,580 | $211,934 | $2,536 |
| 2019 | $151,887 | $45,768 | $197,655 | $2,260 |
| 2018 | $141,178 | $43,070 | $184,248 | $2,175 |
| 2017 | $134,047 | $40,609 | $174,656 | $2,170 |
| 2016 | $123,521 | $38,927 | $162,448 | $2,063 |
| 2015 | $138,700 | $42,700 | $181,400 | $2,219 |
| 2014 | $133,000 | $39,100 | $172,100 | $2,620 |
| 2013 | $129,400 | $37,900 | $167,300 | $2,576 |
| 2012 | $119,447 | $35,044 | $154,491 | $2,026 |
| 2011 | $136,600 | $42,000 | $178,600 | $1,994 |
| 2009 | $152,000 | $48,100 | $200,100 | $1,956 |
| 2008 | $126,000 | $48,100 | $174,100 | $1,642 |
| 2007 | $118,100 | $48,100 | $166,200 | $1,541 |
Property facts
Year built
1970
Property type
single_family
Stories
1
Beds
3
Baths
2
Living area
1,784 sqft
Lot size
13,765 sqft
ZIP code
55068
City
Lakeville
Street
Forbes Ave
Coordinates
44.71055, -93.20124
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$2,676
Gross rental yield
9.50%
Implied cap rate
6.18%
Trend-extrapolated value
—
Frequently asked questions
When did 16515 Forbes Ave last sell?
16515 Forbes Ave most recently sold on May 24, 2022 for $338,000.
What is the current tax assessment for 16515 Forbes Ave?
The most recent total assessment for 16515 Forbes Ave (year 2025) is $308,899 with $3,360 in property tax.
How does 16515 Forbes Ave's assessment compare to its last sale price?
The current assessment is 8.6% below the last sale price of $338,000.
When was 16515 Forbes Ave built?
16515 Forbes Ave was built in 1970.
How does 16515 Forbes Ave compare to others on Forbes Ave?
We track 3 other properties on Forbes Ave. Browse the list under "Other properties on Forbes Ave" to compare beds, baths, and sale history.
What are the property facts for 16515 Forbes Ave?
16515 Forbes Ave is a 3 bed, 2 bath, 1,784 sqft, 13,765 sqft lot single_family.
Is 16515 Forbes Ave a flip candidate?
No — 16515 Forbes Ave does not appear in our flips dataset.
Is 16515 Forbes Ave a tax-appeal candidate?
No — 16515 Forbes 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
-4.2%
Implied 1-yr
-17.0%
2026 Q3
$362K
2026 Q4
$340.8K
ZIP 55068 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Forbes Ave