10020 S Rachel Rd SW Unit SW Farwell, MN 56327
Estimated payment $2,483/month
Total Views
7,796
3
Beds
3
Baths
1,104
Sq Ft
$371
Price per Sq Ft
Highlights
- 467 Feet of Waterfront
- Beach Access
- 2 Fireplaces
- Lincoln Elementary School Rated A-
- Deck
- Corner Lot
About This Home
Tucked at the northern tip of an island on Lake Rachel, this classic seasonal cabin offers 400+ feet of shoreline, incredible fishing, and a front-row seat to the lake—just feet from the water’s edge, a location no longer allowed under today’s building codes. The main cabin features 2 bedrooms, 2 bathrooms, an open layout, and a charming lakeside porch. A separate guest suite near the garage adds a third bedroom and bath, perfect for visitors. Accessed by a single-lane road across the lake, this is classic Minnesota cabin life with a modern twist.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,064
Year Built
- Built in 1957
Lot Details
- 1.02 Acre Lot
- Lot Dimensions are 467x79x147x175
- 467 Feet of Waterfront
- Lake Front
- Corner Lot
- Irregular Lot
- Additional Parcels
Parking
- 2 Car Garage
Interior Spaces
- 1,104 Sq Ft Home
- 1-Story Property
- 2 Fireplaces
- Wood Burning Fireplace
- Combination Dining and Living Room
- Unfinished Basement
- Crawl Space
Bedrooms and Bathrooms
- 3 Bedrooms
Outdoor Features
- Beach Access
- Deck
- Porch
Additional Homes
- One Bathroom Guest House
Utilities
- 100 Amp Service
- Private Water Source
- Well
- Septic System
Community Details
- No Home Owners Association
- Island Park Subdivision
Listing and Financial Details
- Assessor Parcel Number 180592000
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $1,550 | $211,700 | $72,000 | $139,700 |
| 2023 | $1,596 | $203,600 | $72,000 | $131,600 |
| 2022 | $1,420 | $173,000 | $50,400 | $122,600 |
| 2021 | $1,412 | $152,900 | $50,400 | $102,500 |
| 2020 | $1,288 | $145,400 | $50,400 | $95,000 |
| 2019 | $1,298 | $127,200 | $50,400 | $76,800 |
| 2018 | $1,234 | $125,700 | $50,400 | $75,300 |
| 2017 | $1,118 | $122,800 | $50,400 | $72,400 |
| 2016 | $1,204 | $112,714 | $48,888 | $63,826 |
| 2015 | $1,222 | $0 | $0 | $0 |
| 2014 | -- | $116,600 | $50,400 | $66,200 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/06/2025 08/06/25 | Price Changed | $409,800 | -2.4% | $371 / Sq Ft |
| 07/25/2025 07/25/25 | Price Changed | $419,800 | -2.3% | $380 / Sq Ft |
| 07/05/2025 07/05/25 | For Sale | $429,800 | +6.1% | $389 / Sq Ft |
| 08/14/2023 08/14/23 | Sold | $405,000 | -1.2% | $305 / Sq Ft |
| 06/23/2023 06/23/23 | Pending | -- | -- | -- |
| 06/12/2023 06/12/23 | For Sale | $410,000 | -- | $309 / Sq Ft |
Source: NorthstarMLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $3,000 | Arden Title | |
| Warranty Deed | $405,000 | Arden Title | |
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $384,750 | New Conventional |
Source: Public Records
Similar Homes in Farwell, MN
Source: NorthstarMLS
MLS Number: 6697038
APN: 18-0592-000
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