NOT LISTED FOR SALE

502 W Lake Dr Unit 202 Detroit Lakes, MN 56501

Estimated Value: $540,000 - $575,000

2 Beds
2 Baths
1,461 Sq Ft
$400/mo HOA Fee

Last Sold May 20, 2024

Last sale price $513,000 $351 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $3,729/month

7 Days on Market

Highlights

  • Lake View
  • Walk-In Pantry
  • Walk-In Closet
  • Community Center
  • Elevator
  • 1-minute walk to People's Rink

About This Home

As of May 2024

RARE FIND ALERT- Embrace the astonishing views of Detroit Lake in this marvelous 2 bed./ 2 bath. extremely well cared for condo w/ attached 2 stall garage- EASY MAINTENANCE FREE LIVING! This impressive condo includes a primary suite w/ large windows facing the lake, double sinks, walk in closet & full bathroom w/ jetted tub. The 2nd bedroom is perfectly placed w/ a lakeview & a full bathroom next to it. Open floor plan w/ tile floors, high ceilings, gas fireplace, natural gas forced air heat & central air conditioning. Step onto the balcony/deck to the gas hookup to enjoy your favorite meal outdoors while gazing at the lake. This condo features its own spacious laundry room w/ a sink & storage. Large utility room w/ more storage. The community room w/ a kitchen is just down the hall if you need more room to entertain guests. If that isn't enough, take a stroll down to the beach, stick your toes in the water, or enjoy the local restaurants & park!

Last Agent to Sell the Property

Kayla Ulschmid

Keller Williams Realty Profess Listed on: 02/21/2024

Keller Williams Realty Profess

Last Buyer's Agent

Kayla Ulschmid

Keller Williams Realty Profess Listed on: 02/21/2024

Keller Williams Realty Profess

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,914

Year Built

  • Built in 2003

Lot Details

  • 566

HOA Fees

  • $400 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Tuck Under Garage
  • Garage Door Opener

Home Design

  • Slab Foundation

Interior Spaces

  • 1,461 Sq Ft Home
  • 1-Story Property
  • Family Room
  • Living Room with Fireplace
  • Dining Room
  • Lake Views

Kitchen

  • Walk-In Pantry
  • Range
  • Microwave
  • Dishwasher
  • Trash Compactor

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 492512455

Community Details

Overview

  • Association fees include hazard insurance, internet, lawn care, ground maintenance, recreation facility, trash, snow removal, water
  • Shari Lynn Condominium Owner's Association Inc Association
  • Low-Rise Condominium
  • Shari Lynn Condos Subdivision

Amenities

  • Community Center
  • Elevator

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,914

Year Built

Built in 2003

Lot Details

0

HOA Fees

$400 per month

Parking

2

Listing Details

  • Type: Residential
  • Property Subtype 1: Low Rise
  • Cooling System: Central Air
  • Garage Spaces: 2
  • Accessibility Features: Accessible Elevator Installed
  • Fireplaces: 1
  • Water Source: City Water/Connected
  • Association Amenities: Elevator(s), In-Ground Sprinkler System, Security
  • Fee Frequency: Quarterly
  • Year Built: 2003
  • Above Grade Finished Sq Ft: 1461
  • Water Body Name: Detroit
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: Yes
  • Rental License?: No
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Basement: Slab
  • Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Trash Compactor, Washer, Water Softener Owned
  • Fireplace Features: Living Room
  • Living Area: 1461
  • Fireplace: Yes
  • Basement YN: No
  • Dining Room Type: Family Room, Kitchen, Bedroom 1, Bedroom 2, Laundry, Walk In Closet, Bathroom, Pantry (Walk-In)
  • Shared Rooms: Community Room

Beds/Baths

  • Full Bathrooms: 2
  • Total Bedrooms: 2

Exterior Features

  • Roof: Asphalt
  • View: Lake
  • Lake Acres: 3089
  • LakeChain: N

Garage/Parking

  • Parking Features: Garage Door Opener, Tuckunder Garage
  • Garage Square Feet: 540

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • Fuel: Natural Gas

Condo/Co-op/Association

  • HOA Fee Includes: Hazard Insurance, Internet, Lawn Care, Maintenance Grounds, Recreation Facility, Trash, Snow Removal, Water
  • Association Fee: 1200
  • Association: Yes
  • Amenities Unit: Balcony,Deck,Primary Bedroom Walk-In Closet,Tile Floors,Washer/Dryer Hookup

Association/Amenities

  • HOA Management Co: Shari Lynn Condominium Owner's Association Inc

Schools

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

Lot Info

  • Waterfront YN: No
  • PropertyAttachedYN: Yes
  • Lot Size: Common
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Residential-Multi-Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Brick/Stone

Tax Info

  • Tax Year: 2023
  • Assessor Parcel Number: 492512455
  • Tax Annual Amount: 3914
  • TaxWithAssessments: 4038.0000

Multi Family

  • WaterfrontFeatures: Lake View

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 21, 2024
Closed on
May 20, 2024
Sold by
Marlene M Beyer Living Trust Under Agre
Bought by
Brothers James and Brothers Kerry
Seller's Agent
Kayla Ulschmid
Keller Williams Realty Profess
Buyer's Agent
Kayla Ulschmid
Keller Williams Realty Profess
List Price
$524,900
Sold Price
$513,000
Premium/Discount to List
-$11,900
-2.27%
Views
25
Current Estimated Value
$551,742

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$38,742

Purchase Details

Closed on
May 2, 2012
Sold by
Beyer Marlene M
Bought by
Beyer Marlene M and Marlene M Beyer Living Trust

Purchase Details

Closed on
Nov 28, 2007
Sold by
Hughes Stanley M and Hughes Vaughn E
Bought by
Beyer Marlene M

Purchase Details

Closed on
Sep 18, 2007
Sold by
Hughes Stanley M and Hughes Vaughn E
Bought by
Hughes Stanley M and Hughes Vaughn E
Source: Public Records

Range of Values:

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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 Buyer Sale Price Title Company
Brothers James $513,000 --
Beyer Marlene M -- None Available
Beyer Marlene M $310,000 Becker County Title Svcs Inc
Hughes Stanley M -- None Available
Hughes Stanley M -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/20/2024 05/20/24 Sold $513,000 -2.3% $351 / Sq Ft
02/28/2024 02/28/24 Pending -- -- --
02/21/2024 02/21/24 For Sale $524,900 -- $359 / 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 $4,668 $555,400 $204,700 $350,700
2024 $4,668 $480,900 $170,700 $310,200
2023 $4,668 $388,900 $135,500 $253,400
2022 $4,136 $366,000 $135,500 $230,500
2021 $3,964 $350,200 $129,000 $221,200
2020 $4,260 $350,200 $129,000 $221,200
2019 $3,778 $371,900 $122,700 $249,200
2018 $3,002 $320,800 $106,900 $213,900
2017 $2,682 $288,000 $71,600 $216,400
2016 $2,990 $246,600 $71,600 $175,000
2015 $2,752 $258,600 $68,400 $190,200
2014 -- $228,400 $62,200 $166,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6491331

NorthstarMLS

APN: R492512455