1431 8th Ave SE Forest Lake, MN 55025
Estimated Value: $616,000 - $650,000
3
Beds
1
Bath
1,800
Sq Ft
$350/Sq Ft
Est. Value
Highlights
- 118 Feet of Waterfront
- No HOA
- 1-Story Property
- Lake View
- Porch
- Forced Air Heating and Cooling System
About This Home
As of March 2024Rare find is this 3 Bedroom, 1 bath, ONE level waterfront home on a level lot in a very quiet low traffic area. Home has so much to offer including newer mechanicals, newer roof, AMAZING 4 season lakeside porch with adjoining deck. One of the only lots in the neighborhood with 118' of prime sugar sand base frontage. Enjoy a front row seat for the famous town of Forest Lake 4th of July fireworks right from your dock or shoreline! There is so much here to offer...........would make a great Airbnb or short-term rental too. Home is connected to city water and sewer. Come live the lakeshore lifestyle!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $7,415
Year Built
- Built in 1974
Lot Details
- 0.63 Acre Lot
- 118 Feet of Waterfront
- Lake Front
Parking
- 2 Car Garage
Interior Spaces
- 1,800 Sq Ft Home
- 1-Story Property
- Living Room with Fireplace
- Combination Dining and Living Room
- Lake Views
- Crawl Space
Bedrooms and Bathrooms
- 3 Bedrooms
- 1 Full Bathroom
Additional Features
- Porch
- Forced Air Heating and Cooling System
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 0903221420022
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 23, 2023
Closed on
Mar 26, 2024
Sold by
Estate Of Barbara J Pitzl
Bought by
Sivarajah Surendran and Sivarajah Rhonda
Seller's Agent
Bob Muske
RE/MAX Synergy
Buyer's Agent
Chris Hoyt
RE/MAX Synergy
List Price
$700,000
Sold Price
$560,000
Premium/Discount to List
-$140,000
-20%
Total Days on Market
102
Views
182
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$69,507
Avg. Annual Appreciation
10.42%
Original Mortgage
$532,000
Outstanding Balance
$526,533
Interest Rate
6.94%
Mortgage Type
New Conventional
Estimated Equity
$102,974
Similar Homes in Forest Lake, 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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Sivarajah Surendran | $560,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Wright Michael | $532,000 | |
| Closed | Sivarajah Surendran | $532,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/29/2024 03/29/24 | Sold | $560,000 | -13.8% | $311 / Sq Ft |
| 02/06/2024 02/06/24 | Pending | -- | -- | -- |
| 11/27/2023 11/27/23 | Price Changed | $649,900 | -7.2% | $361 / Sq Ft |
| 10/27/2023 10/27/23 | For Sale | $700,000 | -- | $389 / 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 |
|---|---|---|---|---|
| 2023 | $6,858 | $755,400 | $565,300 | $190,100 |
| 2022 | $6,668 | $685,200 | $509,200 | $176,000 |
| 2021 | $6,004 | $553,000 | $409,600 | $143,400 |
| 2020 | $6,074 | $501,400 | $364,600 | $136,800 |
| 2019 | $6,310 | $499,100 | $360,100 | $139,000 |
| 2018 | $5,710 | $506,200 | $375,100 | $131,100 |
| 2017 | $5,268 | $476,700 | $353,100 | $123,600 |
| 2016 | $4,934 | $412,300 | $287,600 | $124,700 |
| 2015 | $4,462 | $383,100 | $267,600 | $115,500 |
| 2013 | -- | $372,700 | $268,900 | $103,800 |
Source: Public Records
Agents Affiliated with this Home
-
Bob Muske
Seller's Agent in 2024
Bob Muske
RE/MAX
(612) 919-3353
55 in this area
132 Total Sales
-
Chris Hoyt
Seller Co-Listing Agent in 2024
Chris Hoyt
RE/MAX
(651) 982-1256
56 in this area
119 Total Sales
Map
Source: NorthstarMLS
MLS Number: 6441307
APN: 09-032-21-42-0022
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked.
Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.
The DMCA requires that your notice of alleged copyright infringement include the following information:
(1) description of the copyrighted work that is the subject of claimed infringement;
(2) description of the alleged infringing content and information sufficient to permit us to locate the content;
(3) contact information for you, including your address, telephone number and email address;
(4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law;
(5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and
(6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.
Nearby Homes
- 1379 7th Ave SE
- 1808 Beach Dr SE
- 1007 15th St SE
- 1867 Beach Dr SE
- 891 19th St SE
- 956 10th Ave SE
- 1308 Bay Dr SE
- 7550 N Shore Cir N
- 7192 218th St N
- 1445 Bay Dr SE
- 7214 218th St N
- 22620 Hayward Ave N
- 644 11th Ave SE
- 954 15th Ave SE
- 1305 18th Ave SE
- 1022 17th Ave SE
- 1043 3rd St SE
- 255 S Shore Dr
- 135 1st St NE
- 21326 Heath Avenue Ct N
- 1431 8th Ave SE
- 1455 8th Ave SE
- 1419 7th Ave SE
- 1467 8th Ave SE
- 1431 Bay Point Dr SE
- 1419 Bay Point Dr SE
- 1391 7th Ave SE
- 1519 8th Ave SE
- 1391 Bay Point Dr SE
- 1531 8th Ave SE
- 1420 Bay Point Dr SE
- 1379 Bay Point Dr SE
- 1367 7th Ave SE
- 1432 8th Ave SE
- 1344 1344 Baypoint-Drive-se
- 1543 8th Ave SE
- 1444 8th Ave SE
- 1355 7th Ave SE
- 1520 8th Ave SE
- 1555 8th Ave SE