$75,000
SOLD APR 11, 2025

403 W 2nd St Lyle, MN 55953

3 Beds
1.5 Baths
1,752 Sq Ft
10,193 Sq Ft Lot

Recently Sold

$43 Per Sq Ft

17% Below List Price

131 Days on Market

Highlights

  • 1 Fireplace
  • Den
  • Living Room
  • No HOA
  • Porch
  • Forced Air Heating System

About This Home

As of April 2025

Calling all investors and DIY enthusiasts! This small-town two-story home is in the midst of a flip and offers the unique chance to bring your vision to life. Whether you’re looking to complete a flip or create your dream home, this property offers endless possibilities. The main floor boasts a spacious living room with a cozy fireplace, formal dining area, kitchen, and a large enclosed porch at the front of the home. Upstairs you will find 3 bedrooms, a den, full bathroom and laundry. A deck off the back overlooks an expansive yard, and leads you to the standout feature of this home - a massive shed/garage perfect for storing vehicles and toys, or converting into a workshop. It’s the ultimate space for anyone looking for extra room to tackle projects and hobbies. If you’re ready to roll up your sleeves and unlock the potential of this property, schedule a tour today and see how you can make it your own!

Last Agent to Sell the Property

Jacob Milton

Keller Williams Premier Realty Lake Minnetonka Listed on: 11/08/2024

Keller Williams Premier Realty Lake Minnetonka

Last Buyer's Agent

Mike Steichen

Steichen Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,644

Year Built

  • Built in 1919

Lot Details

  • 10,193 Sq Ft Lot
  • Lot Dimensions are 60x170

Parking

  • 2 Car Garage

Home Design

  • Vinyl Siding

Interior Spaces

  • 1,752 Sq Ft Home
  • 2-Story Property
  • 1 Fireplace
  • Living Room
  • Dining Room
  • Den
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 3 Bedrooms

Outdoor Features

  • Porch

Utilities

  • No Cooling
  • Forced Air Heating System

Community Details

  • No Home Owners Association
  • Original Village Subdivision

Listing and Financial Details

  • Assessor Parcel Number 270010480

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,644

Year Built

Built in 1919

Lot Details

0

Parking

2

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: None
  • Garage Spaces: 2
  • Accessibility Features: None
  • Fireplaces: 1
  • Water Source: City Water/Connected
  • Year Built: 1919
  • Above Grade Finished Sq Ft: 1752
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: RealEstateOwned
  • Property Sub Type: Detached

Interior Features

  • Basement: Full
  • Living Area: 1752
  • Fireplace: Yes
  • Basement YN: Yes
  • Dining Room Type: Living Room, Dining Room, Kitchen, Bedroom 1, Bedroom 2, Bedroom 3, Den, Porch

Beds/Baths

  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 3

Exterior Features

  • Other Structures: Storage Shed
  • PatioPorchType: Deck,Front Porch

Garage/Parking

  • Parking Features: Detached

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • Fuel: Natural Gas

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Lyle
  • SchoolDistrictPhone: 507-325-4146

Lot Info

  • PropertyAttachedYN: No
  • Lot Size: 60x170
  • Lot Size Sq Ft: 10193.04
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Vinyl Siding

Tax Info

  • Tax Year: 2024
  • Assessor Parcel Number: 270010480
  • Tax Annual Amount: 1644
  • TaxWithAssessments: 1644.0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 8, 2024
Closed on
Apr 11, 2025
Sold by
F Street Investments Llc
Bought by
Professional Cleaning Inc
Seller's Agent
Jacob Milton
Keller Williams Premier Realty Lake Minnetonka
Buyer's Agent
Mike Steichen
Steichen Real Estate
List Price
$89,900
Sold Price
$75,000
Premium/Discount to List
-$14,900
-16.57%
Views
103
Current Estimated Value
$115,171

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$40,171
Avg. Annual Appreciation
72.11%

Purchase Details

Closed on
Aug 16, 2022
Sold by
Phlips L.L.C
Bought by
Supreme Resolutions Property Solutions

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$54,971
Interest Rate
5.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 28, 2021
Sold by
First Farmers & Merchants State Bank
Bought by
Phlips Llc

Purchase Details

Closed on
Aug 6, 2014
Sold by
Federal National Mortgage Association
Bought by
Plotts Dana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$36,000
Interest Rate
4.14%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 2, 2012
Sold by
Martin Brenda L
Bought by
Martin Carey Andrew
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

Date Type Sale Price Title Company
Deed $75,000 --
Deed $80,000 --
Warranty Deed $45,000 None Available
Warranty Deed -- West Title
Contract Of Sale $84,384 None Available
Deed $45,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $54,971 New Conventional
Previous Owner $36,000 New Conventional
Closed $0 Seller Take Back
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/11/2025 04/11/25 Sold $75,000 -6.1% $43 / Sq Ft
03/19/2025 03/19/25 Pending -- -- --
03/10/2025 03/10/25 Price Changed $79,900 -5.9% $46 / Sq Ft
02/13/2025 02/13/25 Price Changed $84,900 -5.6% $48 / Sq Ft
02/08/2025 02/08/25 Price Changed $89,900 +5.9% $51 / Sq Ft
02/07/2025 02/07/25 Price Changed $84,900 -5.6% $48 / Sq Ft
11/08/2024 11/08/24 For Sale $89,900 -- $51 / Sq Ft
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 $1,614 $131,900 $20,000 $111,900
2024 $2,274 $121,700 $20,000 $101,700
2023 $1,776 $117,200 $20,000 $97,200
2022 $1,680 $114,800 $20,000 $94,800
2021 $1,116 $94,800 $9,700 $85,100
2020 $1,208 $81,200 $9,700 $71,500
2018 $319 $81,300 $9,700 $71,600
2017 $638 $0 $0 $0
2016 $570 $0 $0 $0
2015 $1,456 $0 $0 $0
2012 $1,456 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6625154

NorthstarMLS

APN: 27-001-0480