$77,000
SOLD JAN 10, 2025

431 Walnut Ave W Frazee, MN 56544

0.79 Acre
$97,468 Price per Acre
34,412 Sq Ft Lot

Recently Sold

14% Below List Price

106 Days on Market

Highlights

  • 105 Feet of Waterfront
  • Beach Access
  • No HOA

About This Lot

As of January 2025

LARGE LOT ON TOWN LAKE WITH 105 ft of SHORELINE AND CITY WATER/SEWER. Build your dream home on this on this expansive, nearly one-acre lot. Additional backlot available. Only 10 Minutes to Detroit Lakes. This is the perfect combination of city and country living.

Last Agent to Sell the Property

Jay Schurman

Re/Max Lakes Region Listed on: 09/26/2024

Re/Max Lakes Region

Last Buyer's Agent

Austin Bachmann

Counselor Realty Detroit Lakes

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $718

Lot Details

  • Lot Dimensions are 105.5x326
  • 105 Feet of Waterfront
  • Lake Front
  • Street terminates at a dead end
  • Unpaved Streets

Listing and Financial Details

  • Assessor Parcel Number 500234204

Community Details

Overview

  • No Home Owners Association

Recreation

  • Beach Access

Property Details

Property Type

Land

Est. Annual Taxes

$718

Lot Details

0

Listing Details

  • Type: Land
  • Development Status: Raw Land
  • Water Body Name: Town
  • FractionalOwnershipYN: No
  • Rental License?: No
  • BuilderRestrict: Limited
  • Improvements: Public Road
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Inclusions: Platted

Exterior Features

  • View: Lake
  • Lake Acres: 117
  • Lake Bottom: Sand,Undeveloped
  • LakeChain: N
  • Waterfront Frontage: 105
  • Soil Type: Sand

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected, Cable Available, Electricity Available, Natural Gas Available, Sewer 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
  • Waterfront YN: Yes
  • Lot Size: 105.5x326
  • Land Lease: No
  • Lot Features: Accessible Shoreline
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No

Tax Info

  • Tax Year: 2023
  • Assessor Parcel Number: 500234204
  • Tax Annual Amount: 718
  • TaxWithAssessments: 718.0000

Multi Family

  • WaterfrontFeatures: Lake Front

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 26, 2024
Closed on
Jan 10, 2025
Sold by
Hanninen Norman H and Hanninen Kelli K
Bought by
Demars Kylle and Demars Katie
Seller's Agent
Jay Schurman
Re/Max Lakes Region
Buyer's Agent
Austin Bachmann
Counselor Realty Detroit Lakes
List Price
$89,900
Sold Price
$77,000
Premium/Discount to List
-$12,900
-14.35%
Views
17
Current Estimated Value
$78,090

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,090
Avg. Annual Appreciation
4.47%

Purchase Details

Closed on
Oct 14, 2020
Sold by
Mickelson Wayne C and Mickelson Rebecca
Bought by
Hanninen Norman H and Hanninen Kelly K

Purchase Details

Closed on
Aug 29, 2007
Sold by
Schoon Harvey and Schoon Eugenia
Bought by
Mickelson Wayne and Mickelson Rebecca
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 $77,000 None Listed On Document
Deed $58,000 None Available
Quit Claim Deed -- Title Services Of Perham
Deed $58,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $400,000 Construction
Previous Owner $100,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/10/2025 01/10/25 Sold $77,000 -14.3% --
09/26/2024 09/26/24 For Sale $89,900 -- --
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 $718 $64,100 $64,100 $0
2023 $746 $64,100 $64,100 $0
2022 $920 $72,500 $72,500 $0
2021 $808 $67,600 $67,600 $0
2020 $848 $67,600 $67,600 $0
2019 $866 $67,600 $67,600 $0
2018 $678 $61,500 $61,500 $0
2017 $688 $54,100 $54,100 $0
2016 $638 $54,100 $54,100 $0
2015 $748 $55,300 $55,300 $0
2014 -- $55,300 $55,300 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6608964

NorthstarMLS

APN: R500234204