$783,500
SOLD AUG 5, 2024

4935 240th St N Forest Lake, MN 55025

67 Acres
$11,673 Price per Acre
2,923,747 Sq Ft Lot

Recently Sold

$655 Per Sq Ft

13% Below List Price

402 Days on Market

About This Lot

As of August 2024

Unique opportunity awaits to build or develop, or enjoy using it as a hobby farm! The largest parcel of land, 67.120 Acres, in the convenient location of Forest Lake! Minutes away of Higgins Lake. Four PID #'s included in the sale: 1)0603221120003: 30.7 acres plus property from 1966 with multiple upgrades and out-buildings: barn, pole building, machine/storage shed; 2) 0603221140008: 0.721 acres; 3) 0603221130005: 32.306 acres; 4) 0603221110005: 3.381 acres. The largest lots can be subdivided into 10-Acre minimum lots.
The parcels are located next to each other. The land itself is a combination of wooded and tillable areas, a level surface. The wooded area with an abundance of wildlife and hunting opportunities. Private well/septic/utilities. Open to the builder of your choice! Easy access to I-35, shopping, restaurants, etc...Do not miss this opportunity!

Last Agent to Sell the Property

Ludmila Eremeyeva

Coldwell Banker Realty Brokerage Phone: 651-738-9262 Listed on: 05/12/2023

Coldwell Banker Realty

Last Buyer's Agent

Jessica Smith

Carlson Smith and Company

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $4,062

Lot Details

  • Property fronts an interstate
  • Irregular Lot
  • Unpaved Streets
  • Additional Parcels

Additional Features

  • Tillable Land
  • Underground Utilities

Community Details

  • No Home Owners Association
  • Greenbelt

Listing and Financial Details

  • Assessor Parcel Number 0603221120003

Property Details

Property Type

Land

Est. Annual Taxes

$4,062

Lot Details

0

Listing Details

  • Type: Land
  • Development Status: Raw Land
  • FractionalOwnershipYN: No
  • Rental License?: No
  • BuilderRestrict: Open
  • Improvements: Public Road,Unimproved Streets
  • Attribution Contact: 651-738-9262
  • Attribution Contact: 651-738-9262
  • Special Features: VirtualTour
  • Property Sub Type: LotsLands

Interior Features

  • Inclusions: For Sale Sign

Exterior Features

  • Fencing: None
  • Other Structures: Barn(s), Chicken Coop/Barn, Machine Shed, Pole Building, Storage Shed
  • Farm Type: Crop,Hobby
  • Soil Type: Loam,Other,Sand

Utilities

  • Utilities: Electricity Connected, Private Septic Connected, Private Well Connected, Phone Connected, Underground Utilities Connected, Electricity Available, Private Septic Available, Private Well Available, Phone Available

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Forest Lake
  • SchoolDistrictNumber: 831
  • SchoolDistrictPhone: 651-982-8103

Lot Info

  • Topography: Level,Low Land,Rolling,Sloped,Walkout
  • Lot Size: Irregular
  • Land Lease: No
  • Lot Features: Additional Land Available, Green Acres, Irregular Lot, Tillable, Tree Coverage - Medium, Underground Utilities
  • Wooded Area: 15
  • Cultivated Acreage: 30
  • Additional Parcels Description: 0603221130005,0603221110005
  • Additional Parcels: Yes
  • Zoning Description: Agriculture,Residential-Single Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Crop Type: Beans,Corn
  • LotSizeMin: 10

Tax Info

  • Tax Year: 2022
  • Assessor Parcel Number: 0603221120003
  • Tax Annual Amount: 4062
  • TaxWithAssessments: 4062.0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 12, 2023
Closed on
Jul 19, 2024
Sold by
Driscoll Leslie J and Kment Michael C
Bought by
Palchizaca Tenezaca Benedicto and Palchizaca Shoshannah Baron-Palchizaca
Seller's Agent
Ludmila Eremeyeva
Coldwell Banker Realty
Buyer's Agent
Jessica Smith
Carlson Smith and Company
List Price
$899,900
Sold Price
$783,500
Premium/Discount to List
-$116,400
-12.93%
Views
437
Current Estimated Value
$787,029

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,529

Purchase Details

Listed on
May 12, 2023
Closed on
Jul 16, 2024
Sold by
Driscoll Michael
Bought by
Driscoll Leslie J
Seller's Agent
Ludmila Eremeyeva
Coldwell Banker Realty
Buyer's Agent
Jessica Smith
Carlson Smith and Company
List Price
$899,900
Sold Price
$783,500
Premium/Discount to List
-$116,400
-12.93%
Views
437
Source: Public Records

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Range of Values:

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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 $391,751 Burnet Title
Quit Claim Deed $500 Burnet Title
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/05/2024 08/05/24 Sold $783,500 -5.0% $655 / Sq Ft
06/18/2024 06/18/24 Pending -- -- --
05/15/2024 05/15/24 Price Changed $825,000 -2.9% $690 / Sq Ft
04/01/2024 04/01/24 Price Changed $849,900 -5.6% $711 / Sq Ft
05/12/2023 05/12/23 For Sale $899,900 -- $752 / 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 $3,302 $797,900 $567,800 $230,100
2023 $3,302 $783,100 $567,800 $215,300
2022 $3,534 $608,700 $439,700 $169,000
2021 $3,448 $608,700 $439,700 $169,000
2020 $3,498 $601,200 $439,700 $161,500
2019 $3,314 $598,000 $450,200 $147,800
2018 $2,964 $577,300 $450,200 $127,100
2017 $3,280 $552,600 $430,200 $122,400
2016 $3,020 $548,800 $430,200 $118,600
2015 $2,884 $260,000 $148,600 $111,400
2013 -- $234,300 $137,900 $96,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6369758

NorthstarMLS

APN: 06-032-21-12-0003