16995 State 87
Park Rapids, MN 56470
2 bd 2 ba 1,360 sqft Built 1971 Lot 130,680 sqft single_family
Most recent sale
$252,000
Jun 1, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Jun 1, 2022 | Sold | $252,000 | MLS #6112352 |
| Mar 28, 2022 | Listed | $249,900 | MLS #6112352 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | — | — | $177,336 | $1,290 |
| 2023 | — | — | $194,167 | $1,482 |
| 2022 | — | — | $116,400 | $1,116 |
| 2021 | — | — | $108,300 | $1,028 |
| 2020 | — | — | $125,300 | $1,180 |
| 2019 | — | — | $105,800 | $1,048 |
| 2018 | — | — | $102,000 | $1,036 |
| 2017 | — | — | $98,700 | $992 |
| 2016 | — | — | $91,500 | $928 |
| 2015 | — | — | $99,300 | $988 |
| 2014 | — | — | $90,500 | $918 |
| 2013 | — | — | $95,400 | $954 |
| 2012 | — | — | $105,000 | $940 |
| 2011 | $92,900 | $34,400 | $127,300 | $758 |
| 2010 | $94,200 | $36,700 | $130,900 | $730 |
Property facts
Year built
1971
Property type
single_family
Stories
1
Beds
2
Baths
2
Living area
1,360 sqft
Lot size
130,680 sqft
ZIP code
56470
City
Park Rapids
Street
State 87
Coordinates
46.84394, -95.01715
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$2,040
Gross rental yield
9.71%
Implied cap rate
6.31%
Trend-extrapolated value
—
Frequently asked questions
When did 16995 State 87 last sell?
16995 State 87 most recently sold on Jun 1, 2022 for $252,000.
What is the current tax assessment for 16995 State 87?
The most recent total assessment for 16995 State 87 (year 2025) is $177,336 with $1,290 in property tax.
How does 16995 State 87's assessment compare to its last sale price?
The current assessment is 29.6% below the last sale price of $252,000.
When was 16995 State 87 built?
16995 State 87 was built in 1971.
How does 16995 State 87 compare to others on State 87?
We track 8 other properties on State 87. Browse the list under "Other properties on State 87" to compare beds, baths, and sale history.
What are the property facts for 16995 State 87?
16995 State 87 is a 2 bed, 2 bath, 1,360 sqft, 130,680 sqft lot single_family.
Is 16995 State 87 a flip candidate?
No — 16995 State 87 does not appear in our flips dataset.
Is 16995 State 87 a tax-appeal candidate?
No — 16995 State 87 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 State 87