5 months on rocket

1021 Lake Ave, Detroit Lakes, MN, 56501

$299,900

Home List Price

$3,561*

Closing Credit

0 Baths
1,768 SqFt
$170/SqFt
Multi

Location

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1021 Lake Ave, Detroit Lakes$299,900

Buyer Closing Credits

$3,561*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
ParkingShared Driveway
Year Built1900
HeatingForced Air
BasementYes
MLS #6529540
StatusActive

About 1021 Lake Ave

Great investment opportunity located conveniently in the heart of Detroit Lakes just blocks away from public beach access along W Lake Dr.

Property Details

Property Features

Property Information:

  • Year Built: 1900
  • Living Area: 1,768 SqFt

Listing Office:

  • Office Name: eXp Realty

Interior Features

Interior Information:

  • Basement: Yes

Exterior Features

Parking Information:

  • Parking: Shared Driveway

Lot Features

Lot Information:

  • Lot: Few Trees

Utilities

Utilities Information:

  • Heating: Forced Air

Other

Directions Information:

  • Directions: Hwy 10 NW, left onto Roosevelt, left onto Frazee St E, left onto Lake Ave.

Price Information

Listing Price Info

Price Summary:

  • List Price: $299,900
  • Price Per SqFt: $170/SqFt

Tax Information:

  • Annual Amount: $1,956
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Detroit Lakes, MN.

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Detroit Lakes, MN

City

Med. Sold Price

$360K

Med. Price/SqFt

$181

Avg. Days On Market

57

# of Sold Homes

13

1021 Lake Ave vs Detroit Lakes

158 DAYS ON ROCKET

+101 Days

$299,900

-$60.1K Less

$170/SqFt

-$11 Less

KEY TAKEAWAY

This property is $60.1K less than the Median Sold Price and $11/SqFt less than other homes in Detroit Lakes, MN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NORTHSTAR
  • MLS Number: #6529540

Listing Office:

  • Office Name: eXp Realty

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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/21/2024, 11:52:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$1,956$156,100
2020$1,850$156,100
2019$1,832$145,500
2018$1,662$138,000

History based on county public records data.

Payment Calculator

$1,564

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$966

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-919740
6
/10

  • Rossman Elementary School

  • 1221 Rossman Ave

  • 0.43 miles

  • Public District Grades PK-5

school-card-donut-919741
4
/10

  • Roosevelt Elementary School

  • 510 11th Ave

  • 0.70 miles

  • Public District Grades PK-5

school-card-donut-919742
5
/10

  • Lake Park Audubon Elementary School

  • 601 4th St

  • 7.22 miles

  • Public District Grades PK-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $27,429. The majority of Detroit Lakes, MN residents have income less than $35k annually. The most common type of family is single, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›Minnesota›Becker County›Detroit Lakes›56501›1021 Lake Ave

This home is located at 1021 Lake Ave in Detroit Lakes, MN and zip code 56501. This 1,768 square foot home was built in 1900. It has been listed on Rocket Homes since July 16, 2024 and is currently priced at $299,900.

While more than 1 listings in Detroit Lakes, MN in November 2024 were sold above asking price, there were more than 3 listings sold at asking price, and more than 9 were sold below. In November 2024 in Detroit Lakes, MN there were 15.2% less homes for sale than in October 2024. In November 2024, listings were on the market for 57 days. During the same period, the median list price in this real estate market was $360,000.

From Rocket Homes Real Estate and based on county public records data.

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