20 days on rocket

407 1st Ave NW, Forest Lake, MN, 55025

$349,900

Home List Price

$4,155*

Closing Credit

0 Baths
1,900 SqFt
$184/SqFt
Multi

Location

Image provided by Mapbox

Get An Agent. Get A Mortgage.

Save BIG.

Rocket Homes logo

407 1st Ave NW, Forest Lake$349,900

Buyer Closing Credits

$4,155*

1.25% Loan Amount

Rocket Homes logo

Still Have Questions? Contact Us.

Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeDuplex
ParkingAttached Garage, Concrete
Attached Garage2 spaces
Year Built1890
HeatingForced Air
BasementYes
MLS #6608265
StatusActive

About 407 1st Ave NW

This is a great opportunity for someone looking to be a rental business owner! The up/down duplex is located off Main St and is within walking distance of Forest Lake, Restaurants & Shopping. $60k in updates and renovations have been put into the property Since 2020 INCLUDING New Roof & Siding! This rental is ready for its next investor with excellent renters in both units.

Property Details

Property Features

Property Information:

  • Year Built: 1890
  • Living Area: 1,900 SqFt

Listing Office:

  • Office Name: Elite Realty Minnesota

Interior Features

Interior Information:

  • Basement: Yes

Exterior Features

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: Yes
  • Parking: Attached Garage, Concrete

Lot Features

Lot Information:

  • Lot: Some Trees

Utilities

Utilities Information:

  • Heating: Forced Air

School Info

Assigned Schools Information:

  • Forest Lake Area Senior High, Public District Grades 10-12
  • Forest Lake Elementary, Public District Grades 4-6
  • Forest View Elementary, Public District Grades KG-3

Other

Directions Information:

  • Directions: Hwy 61 to Broadway Ave; WEST to 4th St NW; NORTH to duplex

Price Information

Listing Price Info

Price Summary:

  • List Price: $349,900
  • Price Per SqFt: $184/SqFt

Tax Information:

  • Annual Amount: $2,212
  • Tax Year: 2020
House and calculator

What can I afford?

Understand what home price range makes sense for your budget.

Housing Market Comparison

See how this home compares to others in Forest Lake, MN.

Map thumbnail provided by MapBox

Forest Lake, MN

City

Med. Sold Price

$396.7K

Med. Price/SqFt

$196

Avg. Days On Market

45

# of Sold Homes

25

407 1st Ave NW vs Forest Lake

20 DAYS ON ROCKET

-25 Days

$349,900

-$46.8K Less

$184/SqFt

-$12 Less

KEY TAKEAWAY

This property is $46.8K less than the Median Sold Price and $12/SqFt less than other homes in Forest Lake, MN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NORTHSTAR
  • MLS Number: #6608265

Listing Office:

  • Office Name: Elite Realty Minnesota

IDX Broker Reciprocity Copyright © 2024 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved.

By searching, you agree to the EULA Terms Agreement.

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some or all of the property listings above may have been submitted to the Regional Multiple Listing Service (RMLS) by the listing broker for distribution to cooperating brokers through Broker reciprocity. Attribution of the listing broker may be found on the detail page for all properties. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.

Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited. No part of this search utility may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise. Home sale information is not an appraisal, competitive or comparative market analysis, CMA or home valuation.

DMCA Notice
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/5/2024, 3:22:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Feb 25, 2020Home Sold
$160,000

Tax History

YEARPROP. TAXASSESSMENT
2020$2,212$184,800
2019$2,212$181,600
2018$1,578$134,800
2017$1,578$129,200

History based on county public records data.

Payment Calculator

$1,814

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,116

Powered By

Rocket Mortgage

Advertisement

NMLS#3030

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.

Elementary School

school-card-donut-2080589
3
/10

  • Forest View Elementary

  • 620 4th St SW

  • 0.56 miles

  • Public District Grades KG-3

Middle School

school-card-donut-2080590
4
/10

  • Forest Lake Elementary

  • 408 4th St SW

  • 0.43 miles

  • Public District Grades 4-6

High School

school-card-donut-2080591
6
/10

  • Forest Lake Area Senior High

  • 6101 Scandia Trl N

  • 1.59 miles

  • Public District Grades 10-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $53,804. The most common annual income of people living in Forest Lake, MN is between $35k-100k. The most common type of family is single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Minnesota›Washington County›Forest Lake›55025›407 1st Ave NW

This home is located at 407 1st Ave NW in Forest Lake, MN and zip code 55025. This 1,900 square foot home was built in 1890. It has been listed on Rocket Homes since October 16, 2024 and is currently priced at $349,900.

While more than 6 listings in Forest Lake, MN in October 2024 were sold above asking price, there were more than 7 listings sold at asking price, and more than 12 were sold below. Between September 2024 and October 2024, Forest Lake, MN real estate market has seen increase in the number of listings by 7.6%. While the average time on the market in October 2024 was 45 days, the median list price was $396,733.

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

More Resources