$654,000
SOLD MAR 17, 2025

423 Walnut Ave W Frazee, MN 56544

4 Beds
2.5 Baths
2,985 Sq Ft
4.08 Acres

Recently Sold

$219 Per Sq Ft

9% Above List Price

16 Days on Market

Highlights

  • 270 Feet of Waterfront
  • Main Floor Primary Bedroom
  • Home Office
  • Beach Access
  • No HOA
  • Stainless Steel Appliances

About This Home

As of March 2025

Offer deadline is Monday, Dec. 2nd at 7pm. Stunning lake property with a 2020 custom built, four bedroom homestead, and an additional back lot for your shop or guest house. Located on Town Lake in the city of Frazee, this property features everything you'll ever need. Three Bedrooms on the main level with an additional office/potential 5th bedroom on the main level. Loft/4th bedroom area built above the garage with dormers, as well as a half bath. Large kitchen with a 5x12 quartz counter top, center island, stainless steel appliances, and walk-in pantry. The master bedroom features vaulted ceilings with custom stained tongue and groove inlay, a walk through closet, double sized tub, double floor to ceiling tiled walk-in shower, and double sink. Energy efficient and main level handicap accessible. Attached 30x32 insulated and heated garage. Covered lakeside patio with a natural gas fire pit and outdoor hot tub on cement pad. Additional lakeside pad with built-in fire pit and custom wood benches. Sidewalk wrapping from the front patio to the lakeside patio. 2.44 acre lake lot with 270 feet of nice lakeshore and a 1.64 acre back lot included for your dream shop or guest house.

Last Agent to Sell the Property

Austin Bachmann

Counselor Realty Detroit Lakes Listed on: 11/17/2024

Last Buyer's Agent

Austin Bachmann

Counselor Realty Detroit Lakes Listed on: 11/17/2024

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,760

Year Built

  • Built in 2020

Lot Details

  • 4.08 Acre Lot
  • 270 Feet of Waterfront
  • Lake Front
  • Additional Parcels

Parking

  • 2 Car Attached Garage

Home Design

  • Metal Roof

Interior Spaces

  • 2,985 Sq Ft Home
  • 1.5-Story Property
  • Living Room
  • Home Office
  • Utility Room

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Beach Access

Utilities

  • Forced Air Zoned Cooling and Heating System
  • Boiler Heating System
  • 200+ Amp Service

Community Details

  • No Home Owners Association
  • Lakeview Terrace First Add Subdivision

Listing and Financial Details

  • Assessor Parcel Number 500234206

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,760

Year Built

Built in 2020

Lot Details

0

Parking

2

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: Central Air
  • Garage Spaces: 2
  • Accessibility Features: Doors 36"+, Other
  • Water Source: City Water/Connected
  • Year Built: 2020
  • Above Grade Finished Sq Ft: 2985
  • Water Body Name: Town
  • Unit Levels: One and One Half
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • FoundationDimensions: 34x70
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: None
  • Appliances: Dishwasher, Dryer, Gas Water Heater, Water Osmosis System, Microwave, Range, Refrigerator, Stainless Steel Appliances, Washer, Water Softener Owned
  • Living Area: 2985
  • Fireplace: No
  • Basement YN: No
  • Dining Room Type: Kitchen, Living Room, Bedroom 1, Bathroom, Office, Utility Room, Laundry, Bedroom 2, Bedroom 3, Bedroom 4

Beds/Baths

  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4

Exterior Features

  • Roof: Metal
  • View: Lake
  • ConstructionMaterialsDesc: Frame
  • PatioPorchType: Covered,Patio
  • Lake Acres: 117
  • Lake Bottom: Hard,Rocky,Sand
  • LakeChain: N
  • Waterfront Frontage: 270

Garage/Parking

  • Parking Features: Attached Garage
  • Garage Square Feet: 876

Utilities

  • Heating: Boiler, Forced Air, Radiant Floor, Zoned
  • Sewer: City Sewer/Connected
  • Electric: 200+ Amp Service
  • Fuel: Natural Gas

Condo/Co-op/Association

  • Association: No
  • Amenities Unit: Dock,Exercise Room,Hot Tub,Kitchen Center Island,Primary Bedroom Walk-In Closet,Main Floor Primary Bedroom,Patio,Vaulted Ceiling(s)

Schools

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

Lot Info

  • Waterfront YN: Yes
  • PropertyAttachedYN: No
  • Lot Size: 4.08 Acres
  • Lot Size Sq Ft: 177724.8
  • Land Lease: No
  • Lot Features: Accessible Shoreline, Some Trees
  • Additional Parcels Description: 500234227
  • Additional Parcels: Yes
  • Zoning Description: Residential-Single Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Engineered Wood

Tax Info

  • Tax Year: 2024
  • Assessor Parcel Number: 500234206
  • Tax Annual Amount: 5760
  • TaxWithAssessments: 5760.0000

Multi Family

  • WaterfrontFeatures: Dock, Lake Front

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 17, 2024
Closed on
Mar 17, 2025
Sold by
Wegner Kyler P and Wegner Brittini A
Bought by
Hanson Kyleer and Hanson Laura
Seller's Agent
Austin Bachmann
Counselor Realty Detroit Lakes
Buyer's Agent
Austin Bachmann
Counselor Realty Detroit Lakes
List Price
$598,900
Sold Price
$654,000
Premium/Discount to List
$55,100
9.2%
Views
21
Current Estimated Value
$622,517

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$31,483
Avg. Annual Appreciation
-15.64%
Original Mortgage
$621,300
Outstanding Balance
$620,780
Interest Rate
6.89%
Mortgage Type
New Conventional
Estimated Equity
$1,737

Purchase Details

Closed on
Sep 22, 2016
Sold by
Mickelson Wayne C and Mickelson Rebecca K
Bought by
Daggett Andrew

Purchase Details

Closed on
Jul 2, 2014
Sold by
Mickelson Wayne C and Mickelson Rebecca K
Bought by
Mickelson Ross A and Mickelson Christy D
Source: Public Records

Range of Values:

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Average Value
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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 $654,000 Title Team
Warranty Deed $62,500 All American Title Co
Warranty Deed $45,000 All American Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $621,300 New Conventional
Previous Owner $357,750 Stand Alone Refi Refinance Of Original Loan
Previous Owner $335,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $400,000 Construction
Previous Owner $100,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/17/2025 03/17/25 Sold $654,000 +9.2% $219 / Sq Ft
12/03/2024 12/03/24 Pending -- -- --
11/17/2024 11/17/24 For Sale $598,900 -- $201 / 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
2024 $5,376 $457,000 $120,400 $336,600
2023 $4,992 $404,500 $120,400 $284,100
2022 $1,662 $127,100 $127,100 $0
2021 $1,510 $122,200 $122,200 $0
2020 $1,582 $122,200 $122,200 $0
2019 $1,622 $122,200 $122,200 $0
2018 $1,988 $111,000 $111,000 $0
2017 $1,192 $151,100 $92,100 $59,000
2016 $1,550 $127,200 $127,200 $0
2015 $1,840 $130,900 $130,900 $0
2014 -- $155,200 $155,200 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6632276

NorthstarMLS

APN: R500234206