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318 River Dr

Park Rapids, MN 56470

4 bd 3 ba 1,852 sqft Built 1950 Lot 25,700 sqft single_family
Most recent sale
$450,000
Sep 30, 2022

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
Sep 30, 2022 Sold $450,000 MLS #6241161
Jul 27, 2022 Listed $479,000 MLS #6241161
Mar 3, 2020 Listing removed $329,000 GreaterLakes
Mar 31, 2012 Listing removed $299,995 NorthstarMLS
Dec 14, 2011 Sold $289,950 MLS #4204525
Nov 8, 2011 Listing removed $289,500 DetroitLakes
Sep 8, 2011 Listed $289,500 MLS #71-3071
Jun 13, 2011 Listing removed $299,995 NorthstarMLS
Jun 9, 2011 Listed $289,500 MLS #4204525
Jun 17, 2010 Listed $299,995 MLS #4296114
May 25, 2010 Listing removed $344,900 GreaterLakes
Mar 16, 2010 Listed $344,900 MLS #192415
Mar 15, 2010 Listed $344,900 MLS #4292415
Oct 17, 2009 Listing removed $334,900 DetroitLakes
Oct 16, 2009 Listing removed $334,900 GreaterLakes
Sep 23, 2009 Price changed $334,900 MLS #183107
Sep 5, 2009 Price changed $334,900 MLS #71-2412
Aug 23, 2009 Price changed $349,900 MLS #183107
Jul 4, 2009 Price changed $349,900 MLS #71-2412
Apr 27, 2009 Listed $364,900 MLS #71-2412
Mar 24, 2009 Listed $334,900 MLS #4283107
Jul 7, 2008 Listed $364,900 MLS #4277169
Jul 6, 2006 Sold $303,500 MLS #4227408
Mar 13, 2006 Listed $324,000 MLS #4247057
Jun 28, 2004 Listed $324,000 MLS #4227408

Tax assessment history

YearBuildingLandTotal assessedTax paid
2023 $344,800 $85,800 $430,600 $5,528
2020 $292,000 $4,340
2019 $283,200 $4,314
2018 $276,400 $4,290
2017 $282,700 $4,276
2016 $284,300 $4,104
2015 $277,100 $3,694
2014 $244,600 $3,566
2013 $237,300 $3,446
2012 $233,300 $3,668
2011 $167,200 $97,000 $264,200 $3,190
2010 $169,300 $97,100 $266,400 $3,042

Property facts

Year built
1950
Property type
single_family
Stories
1
Beds
4
Baths
3
Living area
1,852 sqft
Lot size
25,700 sqft
ZIP code
56470
City
Park Rapids
Street
River Dr
Coordinates
46.93561, -95.05868

Comparable properties nearby

Block-level micro-comps

Same street, ±3 house numbers, sold in the last 24 months

Investment analysis

Estimates based on local averages — not personalized advice
Estimated monthly rent
$2,778
Gross rental yield
7.41%
Implied cap rate
4.82%
Trend-extrapolated value

Frequently asked questions

When did 318 River Dr last sell?
318 River Dr most recently sold on Sep 30, 2022 for $450,000.
What is the current tax assessment for 318 River Dr?
The most recent total assessment for 318 River Dr (year 2023) is $430,600 with $5,528 in property tax.
How does 318 River Dr's assessment compare to its last sale price?
The current assessment is 4.3% below the last sale price of $450,000.
When was 318 River Dr built?
318 River Dr was built in 1950.
How does 318 River Dr compare to others on River Dr?
We track 8 other properties on River Dr. Browse the list under "Other properties on River Dr" to compare beds, baths, and sale history.
What are the property facts for 318 River Dr?
318 River Dr is a 4 bed, 3 bath, 1,852 sqft, 25,700 sqft lot single_family.
Is 318 River Dr a flip candidate?
No — 318 River Dr does not appear in our flips dataset.
Is 318 River Dr a tax-appeal candidate?
No — 318 River Dr is not currently flagged as a tax-appeal candidate.

Forecast for this area

ZIP-area linear projection — not a per-property automated valuation
Quarterly trend
-2.6%
Implied 1-yr
-10.5%
2026 Q3
$224.3K
2026 Q4
$217.3K
ZIP 56470 — Median Price History + Forecast

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