NOT LISTED FOR SALE

220 5th St NW Forest Lake, MN 55025

Estimated Value: $325,000 - $356,484

1.14 Acres
$298,132 Price per Acre
49,658 Sq Ft Lot

Last Sold March 20, 2012

Last sale price $40,000

Est. 750% increase in value since last sale

Current estimated payment $2,057/month

150 Days on Market

Highlights

  • Lake Front
  • Agricultural
  • 4-minute walk to Cedar Park
  • 1.14 Acre Lot
  • Level Lot

About This Lot

As of March 2012

DNR website states: Clear Lake: 429 Acres/28' Max Depth/5.1 Water Clarity/Dominant Bottom: Sand. Walleye, muskies, northern pike,crappies, perch. Approx. 260' up from lake is wetland. Possible building site 30' from road easement. City water & sewer.

Last Agent to Sell the Property

Shelly Michaelis

Custom 1 Realty Listed on: 09/30/2011

Last Buyer's Agent

Jane Bacchus Ray

Edina Realty, Inc.

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $3,224

Lot Details

  • 1.14 Acre Lot
  • Lake Front
  • Level Lot

Farming

  • Agricultural

Property Details

Property Type

Land

Est. Annual Taxes

$3,224

Lot Details

0

Listing Details

  • Class: Lot/Land
  • Classification: Nonhomestead
  • Sub Type: Agriculture
  • Projected Closed Date: 03/20/2012
  • Taxes With Assessments: 586
  • Estimated Number of Acres: 1.14
  • Additional Information: Platted
  • Development Status: Raw Land
  • Land Improvements: Paved
  • Topography: Level, Sloped
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • LakeAcres: 39
  • Waterfront: Yes
  • Waterfront Description: Lake

Utilities

  • On Site Utilities: City Water, Electric, Natural Gas

Schools

  • School District: Forest Lake #831

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 24, 2020
Sold by
Gunderson Scott T
Bought by
Gossen David E
Current Estimated Value
$339,871

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$265,980
Outstanding Balance
$235,853
Interest Rate
3.1%
Mortgage Type
VA
Estimated Equity
$104,018

Purchase Details

Closed on
Jan 30, 2018
Sold by
Serpico Anthony M
Bought by
Gunderson Scott T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$178,000
Interest Rate
3.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 16, 2006
Sold by
Deutsche Bank National Trust Co
Bought by
Serpico Anthony M

Purchase Details

Closed on
Feb 24, 2006
Sold by
Deutsche Bank National Trust Co
Bought by
Serpico Anthony M

Purchase Details

Closed on
Jun 27, 2003
Sold by
Norton Jake J and Norton Charlene J
Bought by
Posterick Amy Lynn

Purchase Details

Closed on
May 22, 1997
Sold by
Deal Paul W and Deal Kelli L
Bought by
Norton Jake J and Norton Charlene J
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 Buyer Sale Price Title Company
Gossen David E $260,000 Executive Associates Title
Gunderson Scott T $222,500 Burnet Title
Serpico Anthony M $170,000 --
Serpico Anthony M $170,000 --
Posterick Amy Lynn $189,900 --
Norton Jake J $85,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gossen David E $265,980
Previous Owner Gunderson Scott T $178,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/20/2012 03/20/12 Sold $40,000 -11.1% --
02/27/2012 02/27/12 Pending -- -- --
09/30/2011 09/30/11 For Sale $45,000 -- --
Source: REALTOR® Association of Southern Minnesota

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
2024 $3,224 $310,600 $85,000 $225,600
2023 $3,224 $287,100 $84,000 $203,100
2022 $2,536 $293,800 $81,000 $212,800
2021 $2,494 $228,900 $63,000 $165,900
2020 $2,544 $223,000 $63,000 $160,000
2019 $2,202 $223,600 $63,000 $160,600
2018 $1,624 $193,500 $58,000 $135,500
2017 $1,586 $156,400 $53,000 $103,400
2016 $1,472 $145,500 $42,000 $103,500
2015 $1,458 $122,200 $35,100 $87,100
2013 -- $107,600 $32,600 $75,000
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2012

    Shelly Michaelis

    Custom 1 Realty

  • J

    Buyer's Agent in 2012

    Jane Bacchus Ray

    Edina Realty, Inc.

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Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 3495083

REALTOR® Association of Southern Minnesota

APN: 08-032-21-21-0017

Minnesota Washington County Forest Lake 55025

220 5th St NW, Forest Lake, MN

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