$455,000
SOLD SEP 3, 2024

487 Shorewood Dr Detroit Lakes, MN 56501

3 Beds
2 Baths
2,534 Sq Ft
0.46 Acres

Recently Sold

$180 Per Sq Ft

14% Below List Price

153 Days on Market

Highlights

  • Very Popular Property
  • 80 Feet of Waterfront
  • No HOA
  • Deeded Waterfront Access Rights
  • Dock Facilities
  • 2 Car Attached Garage

About This Home

As of September 2024

LIVE ON SHOREWOOD DRIVE AND PLAY ON DETROIT LAKE! Perched on this roomy lot is this 3 bedroom, 2 bath, 2534 sq ft home complete with a large lake facing 3 season room, expansive lake facing porch, covered back deck and fenced back yard. Lower-level family room with cozy fireplace, storage and tuck under garage. Home has exciting potential but is move-in ready so lake life can be yours sooner than later! Shorewood Drive is a convenient yet quiet area. Shared lake lot ownership is just around the corner allowing you lake access to Detroit Lake and ALL the amenities it has to offer. Year round living or easy weekend get-away, this is the place!

Last Agent to Sell the Property

Lisa Jasken

Re/Max Lakes Region Listed on: 03/06/2024

Re/Max Lakes Region

Last Buyer's Agent

Jason Bristlin

The Real Estate Company of Detroit Lakes

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,244

Year Built

  • Built in 1981

Lot Details

  • 0.46 Acre Lot
  • Lot Dimensions are 100x200
  • 80 Feet of Waterfront
  • Chain Link Fence

Parking

  • 2 Car Attached Garage

Interior Spaces

  • 1-Story Property
  • Wood Burning Fireplace
  • Living Room
  • Dining Room
  • Finished Basement

Kitchen

  • Range<<rangeHoodToken>>
  • <<microwave>>
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deeded Waterfront Access Rights
  • Dock Facilities

Utilities

  • Baseboard Heating

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 492512519

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,244

Year Built

Built in 1981

Lot Details

0

Parking

2

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: Ductless Mini-Split
  • Garage Spaces: 2
  • Accessibility Features: None
  • Fireplaces: 1
  • Water Source: City Water/Connected
  • Association Amenities: Dock
  • Year Built: 1981
  • Above Grade Finished Sq Ft: 1414
  • Water Body Name: Detroit
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • FoundationDimensions: 38x32
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Block, Finished
  • Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
  • Fireplace Features: Wood Burning
  • Living Area: 2534
  • Fireplace: Yes
  • Below Grade Finished Sq Ft: 1120
  • Basement YN: Yes
  • Dining Room Type: Kitchen, Living Room, Sun Room, Bedroom 1, Bedroom 2, Bedroom 3, Bathroom

Beds/Baths

  • Total Bedrooms: 3
  • Three Quarter Bathrooms: 2

Exterior Features

  • Fencing: Chain Link
  • PatioPorchType: Covered,Deck,Porch,Rear Porch
  • Lake Acres: 3089
  • LakeChain: N
  • Waterfront Frontage: 80

Garage/Parking

  • Parking Features: Attached Garage
  • Garage Square Feet: 294

Utilities

  • Heating: Baseboard
  • Sewer: City Sewer/Connected
  • Fuel: Electric
  • Power Company: City of Detroit Lakes

Condo/Co-op/Association

  • Association: No
  • Amenities Unit: Boat Slip

Schools

  • Junior High Dist: Detroit Lakes
  • SchoolDistrictNumber: 22
  • SchoolDistrictPhone: 218-847-9271

Lot Info

  • Waterfront YN: No
  • PropertyAttachedYN: No
  • Lot Size: 100x200
  • Lot Size Sq Ft: 20037.6
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Cedar, Wood Siding

Tax Info

  • Tax Year: 2023
  • Assessor Parcel Number: 492512519
  • Tax Annual Amount: 3244
  • TaxWithAssessments: 3244.0000

Multi Family

  • WaterfrontFeatures: Deeded Access

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 6, 2024
Closed on
Aug 27, 2024
Sold by
Zb Enterprises Llc
Bought by
Marti Richard
Seller's Agent
Lisa Jasken
Re/Max Lakes Region
Buyer's Agent
Jason Bristlin
The Real Estate Company of Detroit Lakes
List Price
$529,000
Sold Price
$455,000
Premium/Discount to List
-$74,000
-13.99%
Views
200

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.09%
Original Mortgage
$455,000
Outstanding Balance
$451,005
Interest Rate
6.78%
Mortgage Type
VA
Estimated Equity
$28,298

Purchase Details

Closed on
Jul 25, 2005
Sold by
Hornstein Brian B and Hornstein Katie M
Bought by
Zb Enterprises Llc
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 $455,000 Minnesota Title
Warranty Deed $214,900 Becker County Title Services
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $455,000 VA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/25/2025 04/25/25 For Sale $499,900 +9.9% $197 / Sq Ft
09/03/2024 09/03/24 Sold $455,000 -7.0% $180 / Sq Ft
08/07/2024 08/07/24 Pending -- -- --
06/25/2024 06/25/24 Price Changed $489,000 -2.0% $193 / Sq Ft
05/02/2024 05/02/24 Price Changed $499,000 -2.2% $197 / Sq Ft
04/09/2024 04/09/24 Price Changed $510,000 -3.6% $201 / Sq Ft
03/07/2024 03/07/24 For Sale $529,000 -- $209 / 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 $3,386 $372,500 $49,200 $323,300
2024 $3,386 $345,000 $48,200 $296,800
2023 $3,244 $304,800 $41,200 $263,600
2022 $2,868 $248,500 $39,200 $209,300
2021 $2,804 $243,200 $39,000 $204,200
2020 $2,750 $243,200 $39,000 $204,200
2019 $2,704 $236,100 $38,900 $197,200
2018 $2,584 $222,100 $38,900 $183,200
2017 $2,314 $235,600 $36,700 $198,900
2016 $2,200 $203,600 $36,700 $166,900
2015 $2,056 $184,800 $35,900 $148,900
2014 -- $179,700 $35,500 $144,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6499611

NorthstarMLS

APN: R492512519