10020 S Rachel Rd SW Unit SW Farwell, MN 56327
3
Beds
3
Baths
1,328
Sq Ft
1.02
Acres
Highlights
- 467 Feet of Waterfront
- Lake View
- 2 Fireplaces
- Lincoln Elementary School Rated A-
- Deck
- No HOA
About This Home
As of August 2023What is better than having two cabin homes with 3 bedrooms and 3 bathrooms on an Island with over an acre of land and 467 ft of beautiful Lake Front on a clean deep Mn lake?? Answer: Having all that on an island that you can now drive out to on a private road! It doesn't get any better than hanging out in that beautiful sun room on the lake! Fire place in both cabin homes! Just try finding a package like this on a great deep lake like Lake Rachel! Last DNR report says no invasive species in this lake, not even carp! Please read the DNR Lakefinder report on this lake! And this property comes with a real sewer system (not just a holding tank) and a real drilled well. Electric run out to island under private drive. Seller has been using and updating this home as a seasonal for last 20 yrs but previous owner used it as a year round and could be converted back.
Last Agent to Sell the Property
Alexandria Brokers Realty dba ABR Realty Listed on: 05/30/2023
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,772
Year Built
- Built in 1957
Lot Details
- 1.02 Acre Lot
- 467 Feet of Waterfront
- Lake Front
- Additional Parcels
Parking
- 2 Car Attached Garage
Home Design
- Metal Roof
Interior Spaces
- 1,328 Sq Ft Home
- 1-Story Property
- 2 Fireplaces
- Lake Views
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Bathrooms
Basement
- Drainage System
- Crawl Space
Outdoor Features
- Deck
Utilities
- Baseboard Heating
- Private Water Source
- Drilled Well
Community Details
- No Home Owners Association
- Island Park Subdivision
Listing and Financial Details
- Assessor Parcel Number 180592000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 30, 2023
Closed on
Aug 14, 2023
Sold by
Johnson Thomas A
Bought by
Thomas Alois Johnson Revocable Trust and Johnson
Seller's Agent
Gerald Wagenius-Goblirsch
Alexandria Brokers Realty dba ABR Realty
Buyer's Agent
Daniel Lund
Move it Real Estate Group/Lake
List Price
$410,000
Sold Price
$405,000
Premium/Discount to List
-$5,000
-1.22%
Views
38
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.59%
Original Mortgage
$384,750
Outstanding Balance
$378,564
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$6,769
Purchase Details
Listed on
May 30, 2023
Closed on
Aug 7, 2023
Sold by
Doore Barbara J
Bought by
Johnson Thomas A
Seller's Agent
Gerald Wagenius-Goblirsch
Alexandria Brokers Realty dba ABR Realty
Buyer's Agent
Daniel Lund
Move it Real Estate Group/Lake
List Price
$410,000
Sold Price
$405,000
Premium/Discount to List
-$5,000
-1.22%
Views
38
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$384,750
Outstanding Balance
$378,564
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$6,769
Purchase Details
Closed on
Mar 10, 2011
Sold by
Doore Brian James
Bought by
Doore Barbara Jean
Purchase Details
Closed on
Sep 12, 2005
Sold by
Doore Barbara J and Tubman Barbara J
Bought by
Doore Barbara J and Doore Brian J
Similar Homes in Farwell, MN
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
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
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 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
Tax History Compared to Growth
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 | $1,596 | $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
Agents Affiliated with this Home
-
Brandon Johnson
Seller's Agent in 2025
Brandon Johnson
Coldwell Banker Crown Realtors
(320) 766-9426
94 Total Sales
-
Gerald Wagenius-Goblirsch
Seller's Agent in 2023
Gerald Wagenius-Goblirsch
Alexandria Brokers Realty dba ABR Realty
(320) 760-4005
10 Total Sales
-
Daniel Lund
Buyer's Agent in 2023
Daniel Lund
Move it Real Estate Group/Lake
(320) 224-4061
21 Total Sales
Map
Source: NorthstarMLS
MLS Number: 6379027
APN: 18-0592-000
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