NOT LISTED FOR SALE

423 Walnut Ave W Frazee, MN 56544

Estimated Value: $514,000 - $649,000

4 Beds
2.5 Baths
2,985 Sq Ft
$195/Sq Ft Est. Value

Sale Details

Date Sold: March 17, 2025

Last sale price $654,000 $219 Per Sq Ft

Est. 11% decrease in value since last sale

Current estimated payment $3,615 / mo

16 Days on Market

Highlights

  • 270 Feet of Waterfront
  • Beach Access
  • Main Floor Primary Bedroom
  • Docks
  • Heated Floors
  • No HOA

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

  • 270 Feet of Waterfront
  • Lake Front
  • Few Trees
  • Additional Parcels

Parking

  • 2 Car Attached Garage

Home Design

  • Frame Construction
  • Metal Roof

Interior Spaces

  • 2,985 Sq Ft Home
  • 1.5-Story Property
  • Heated Floors

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main

Laundry

  • Laundry Room
  • Laundry on main level
  • Dryer
  • Washer
  • Sink Near Laundry

Outdoor Features

  • Beach Access
  • Docks
  • Covered Patio or Porch

Utilities

  • Forced Air Zoned Cooling and Heating System
  • Boiler Heating System
  • 200+ Amp Service
  • Gas Water Heater
  • Water Softener is Owned

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

4.08 Acres

Parking

2

Listing Details

  • Type: Residential
  • 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
  • Unit Levels: One and One Half
  • New Construction: No
  • FractionalOwnershipYN: No
  • 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

Beds/Baths

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

Exterior Features

  • Roof: Metal
  • View: Lake
  • PatioPorchType: Covered, Patio
  • Lake Bottom: Hard, Rocky, Sand
  • Waterfront Frontage: 270

Garage/Parking

  • Parking Features: Attached Garage

Utilities

  • Heating: Boiler, Forced Air, In-Floor Heating, Zoned
  • Sewer: City Sewer/Connected
  • LaundryFeatures: Laundry Room, Main Level, Sink
  • 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
  • SchoolDistrictPhone: 2183343181

Lot Info

  • PropertyAttachedYN: No
  • Lot Size: 4.08 Acres
  • Land Lease: No
  • Lot Features: Accessible Shoreline, Tree Coverage - Light
  • Additional Parcels: Yes
  • Zoning Description: Residential-Single Family
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Frame

Tax Info

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

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
$582,115

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$71,885
Avg. Annual Appreciation
-10.22%
Original Mortgage
$621,300
Outstanding Balance
$616,507
Interest Rate
6.89%
Mortgage Type
New Conventional
Estimated Equity
-$34,392

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
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Purchase History

Date Buyer Sale Price Title Company
Hanson Kyleer $654,000 Title Team
Daggett Andrew $62,500 All American Title Co
Mickelson Ross A $45,000 All American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hanson Kyleer $621,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
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

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 $6,332 $470,600 $120,400 $350,200
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

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