407 Lake Ave
Park Rapids, MN 56470
3 bd 2 ba 2,305 sqft Built 1977 Lot 18,295 sqft single_family
Most recent sale
$189,000
Jul 15, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Jul 15, 2022 | Sold | $189,000 | Public Record |
| Jun 3, 2022 | Sold | $189,000 | MLS #6171222 |
| May 17, 2022 | Relisted | $179,000 | MLS #6171222 |
| Mar 29, 2022 | Listed | $179,000 | MLS #6171222 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $182,800 | $19,400 | $202,200 | $3,060 |
| 2020 | — | — | $75,500 | $1,360 |
| 2019 | — | — | $66,100 | $1,500 |
| 2018 | — | — | $64,400 | $1,498 |
| 2017 | — | — | $66,600 | $1,630 |
| 2016 | — | — | $66,900 | $1,610 |
| 2015 | — | — | $66,400 | $1,536 |
| 2014 | — | — | $62,100 | $1,594 |
| 2013 | — | — | $64,400 | $1,574 |
| 2012 | — | — | $64,900 | $1,470 |
| 2011 | — | — | $65,400 | $1,514 |
| 2010 | $76,400 | $18,500 | $94,900 | $1,622 |
Property facts
Year built
1977
Property type
single_family
Stories
1
Beds
3
Baths
2
Living area
2,305 sqft
Lot size
18,295 sqft
ZIP code
56470
City
Park Rapids
Street
Lake Ave
Coordinates
46.92656, -95.06185
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$1,134
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 407 Lake Ave last sell?
407 Lake Ave most recently sold on Jul 15, 2022 for $189,000.
What is the current tax assessment for 407 Lake Ave?
The most recent total assessment for 407 Lake Ave (year 2025) is $202,200 with $3,060 in property tax.
How does 407 Lake Ave's assessment compare to its last sale price?
The current assessment is 7.0% above the last sale price of $189,000.
When was 407 Lake Ave built?
407 Lake Ave was built in 1977.
How does 407 Lake Ave compare to others on Lake Ave?
We track 8 other properties on Lake Ave. Browse the list under "Other properties on Lake Ave" to compare beds, baths, and sale history.
What are the property facts for 407 Lake Ave?
407 Lake Ave is a 3 bed, 2 bath, 2,305 sqft, 18,295 sqft lot single_family.
Is 407 Lake Ave a flip candidate?
No — 407 Lake Ave does not appear in our flips dataset.
Is 407 Lake Ave a tax-appeal candidate?
No — 407 Lake 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
-2.6%
Implied 1-yr
-10.5%
2026 Q3
$224.3K
2026 Q4
$217.3K
ZIP 56470 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Lake Ave