$650,000
SOLD JAN 22, 2025

18391 320th Ave Detroit Lakes, MN 56501

40 Acres
$16,250 Price per Acre
1,742,400 Sq Ft Lot

Recently Sold

7% Below List Price

65 Days on Market

About This Lot

As of January 2025

Unique opportunity to own 40 acres & numerous multi-purpose buildings including the main building offering 9,900 sq. ft. with office, in-floor heat , 5 floor drains, 2 large freezers, and 2 loading docks. The property also includes a small wildlife lake, woods, peaceful seclusion, and priced below tax value.

Last Agent to Sell the Property

Ray Spilde

Spilde Summer Realty Listed on: 11/05/2024

Last Buyer's Agent

Dave Neisen

The Real Estate Company of Detroit Lakes

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $3,376

Horse Facilities and Amenities

  • Zoned For Horses

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 100350001

Property Details

Property Type

Land

Est. Annual Taxes

$3,376

Lot Details

0

Listing Details

  • Type: Land
  • Development Status: Other
  • FractionalOwnershipYN: No
  • Rental License?: No
  • BuilderRestrict: Open
  • Improvements: Public Road
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Inclusions: Easements

Exterior Features

  • Other Structures: Machine Shed, Other, Pole Building, Storage Shed
  • Farm Type: Other,Wooded/Hunting

Utilities

  • Utilities: Electricity Connected, Private Septic Connected, Private Well Connected, Electricity Available, Private Septic Available, Water Available

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Frazee-Vergas
  • SchoolDistrictNumber: 23
  • SchoolDistrictPhone: 218-334-3181

Lot Info

  • Topography: Level,Wooded
  • Lot Size: 40 Acres
  • Land Lease: No
  • Lot Features: Suitable for Horses, Tree Coverage - Medium
  • Additional Parcels: No
  • Zoning Description: Agriculture
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No

Tax Info

  • Tax Year: 2024
  • Assessor Parcel Number: 100350001
  • Tax Annual Amount: 3376
  • TaxWithAssessments: 3376.0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 5, 2024
Closed on
Jan 22, 2025
Sold by
Sonnenberg Fur Farm
Bought by
Wmds Llc
Seller's Agent
Ray Spilde
Spilde Summer Realty
Buyer's Agent
Dave Neisen
The Real Estate Company of Detroit Lakes
List Price
$699,800
Sold Price
$650,000
Premium/Discount to List
-$49,800
-7.12%
Views
29
Current Estimated Value
$656,079

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$6,079
Avg. Annual Appreciation
5.39%
Original Mortgage
$390,000
Outstanding Balance
$362,175
Interest Rate
6.6%
Mortgage Type
Credit Line Revolving
Estimated Equity
$310,041
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $650,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $390,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/22/2025 01/22/25 Sold $650,000 -7.1% --
01/09/2025 01/09/25 Pending -- -- --
11/05/2024 11/05/24 For Sale $699,800 -- --
Source: NorthstarMLS

Tax History Compared to Growth

Source: Public Records

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
2025 $3,376 $1,036,100 $139,400 $896,700
2024 $3,376 $748,700 $121,200 $627,500
2023 $3,376 $715,200 $115,100 $600,100
2022 $4,222 $683,000 $101,400 $581,600
2021 $3,944 $691,700 $101,400 $590,300
2020 $1,646 $691,700 $101,400 $590,300
2019 $1,984 $667,500 $101,400 $566,100
2018 $1,940 $673,700 $97,900 $575,800
2017 $1,712 $668,300 $84,800 $583,500
2016 $1,106 $540,900 $84,800 $456,100
2015 $864 $324,300 $84,800 $239,500
2014 -- $335,300 $83,000 $252,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6627459

NorthstarMLS

APN: R100350001