12120 Lake Rd
Rice, MN 56367
2 bd 1 ba 720 sqft Built 1950 Lot 33,541 sqft single_family
Most recent sale
$230,500
Jun 30, 2023
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Jun 30, 2023 | Sold | $230,500 | NorthstarMLS |
| May 2, 2023 | Listed | $230,000 | NorthstarMLS |
| Nov 29, 2022 | Listing removed | — | NorthstarMLS |
| Oct 5, 2022 | Listed | $230,000 | NorthstarMLS |
| Jun 15, 2020 | Sold | $142,800 | NorthstarMLS |
| May 7, 2020 | Listed | $145,000 | NorthstarMLS |
| May 7, 2014 | Sold | $72,500 | NorthstarMLS |
| Oct 9, 2013 | Listing removed | $72,500 | Arrowhead |
| Sep 11, 2013 | Listed | $72,500 | Arrowhead |
| May 31, 2013 | Listing removed | $74,900 | NorthstarMLS |
| May 24, 2013 | Price changed | $74,900 | NorthstarMLS |
| Sep 18, 2012 | Listed | $79,900 | NorthstarMLS |
| Jul 25, 2012 | Listing removed | $89,900 | NorthstarMLS |
| Mar 22, 2012 | Listing removed | $89,900 | LakeSuperiorAreaRealtors |
| Jan 24, 2012 | Listed | $89,900 | LakeSuperiorAreaRealtors |
| Jun 17, 2011 | Listing removed | $119,900 | NorthstarMLS |
| Sep 25, 2009 | Price changed | $114,750 | NorthstarMLS |
| Aug 25, 2009 | Listed | $124,750 | NorthstarMLS |
| May 19, 2008 | Listed | $119,900 | NorthstarMLS |
| Sep 29, 2006 | Sold | $110,000 | Public Record |
| Aug 24, 2005 | Listed | $142,900 | NorthstarMLS |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $65,000 | $64,800 | $129,800 | $1,232 |
| 2023 | $60,000 | $54,300 | $114,300 | $1,176 |
| 2022 | $54,800 | $54,300 | $109,100 | $1,298 |
| 2021 | $49,300 | $45,000 | $94,300 | $1,142 |
| 2020 | $33,000 | $45,000 | $78,000 | $988 |
| 2019 | $32,700 | $45,000 | $77,700 | $990 |
| 2018 | $29,200 | $45,000 | $74,200 | $986 |
| 2017 | $28,700 | $45,000 | $73,700 | $1,000 |
| 2016 | $28,100 | $45,000 | $73,100 | $1,010 |
| 2015 | $26,200 | $45,000 | $71,200 | $1,048 |
| 2014 | $24,200 | $65,000 | $89,200 | $1,424 |
| 2013 | $29,500 | $72,500 | $102,000 | $1,618 |
| 2012 | $33,000 | $72,500 | $105,500 | $1,602 |
| 2011 | $31,900 | $72,500 | $104,400 | $1,468 |
| 2010 | $35,300 | $72,500 | $107,800 | $1,496 |
Property facts
Year built
1950
Property type
single_family
Stories
1
Beds
2
Baths
1
Living area
720 sqft
Lot size
33,541 sqft
ZIP code
56367
City
Rice
Street
Lake Rd
Coordinates
45.74353, -94.18158
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$1,080
Gross rental yield
5.62%
Implied cap rate
3.65%
Trend-extrapolated value
—
Frequently asked questions
When did 12120 Lake Rd last sell?
12120 Lake Rd most recently sold on Jun 30, 2023 for $230,500.
What is the current tax assessment for 12120 Lake Rd?
The most recent total assessment for 12120 Lake Rd (year 2025) is $129,800 with $1,232 in property tax.
How does 12120 Lake Rd's assessment compare to its last sale price?
The current assessment is 43.7% below the last sale price of $230,500.
When was 12120 Lake Rd built?
12120 Lake Rd was built in 1950.
How does 12120 Lake Rd compare to others on Lake Rd?
We track 8 other properties on Lake Rd. Browse the list under "Other properties on Lake Rd" to compare beds, baths, and sale history.
What are the property facts for 12120 Lake Rd?
12120 Lake Rd is a 2 bed, 1 bath, 720 sqft, 33,541 sqft lot single_family.
Is 12120 Lake Rd a flip candidate?
No — 12120 Lake Rd does not appear in our flips dataset.
Is 12120 Lake Rd a tax-appeal candidate?
No — 12120 Lake Rd is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+3.0%
Implied 1-yr
+12.1%
2026 Q3
$391.2K
2026 Q4
$401.1K
ZIP 56367 — Median Price History + Forecast
Explore nearby
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