NOT LISTED FOR SALE

503 Fair Ave Park Rapids, MN 56470

Estimated Value: $102,900

1 Bed
1 Bath
687 Sq Ft
$150/Sq Ft Est. Value

Sale Details

Date Sold: October 7, 2025

Last sale price $335,000 $488 Per Sq Ft

Current estimated payment $649 / mo

Highlights

  • 810,216 Sq Ft lot
  • No HOA
  • Forced Air Heating and Cooling System
  • Deck
  • 1-Story Property
  • Dining Room

About This Home

As of October 2025

A beautifully remodeled one-bedroom home set on 18 acres of picturesque, park-like land. This property offers the perfect balance of convenience and privacy—close to town for easy access to amenities, yet tucked away enough to enjoy peace and seclusion. The home itself is updated and move-in ready, making it ideal for someone seeking a private retreat. With 18 acres, there’s also incredible potential for future development, whether you’re envisioning larger housing projects or simply enjoying the space for yourself. A unique opportunity with endless possibilities!

Last Agent to Sell the Property

Justin Clack

Keller Williams Realty Professionals Listed on: 07/20/2025

Keller Williams Realty Professionals

Last Buyer's Agent

Justin Clack

Keller Williams Realty Professionals Listed on: 07/20/2025

Keller Williams Realty Professionals

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,389

Year Built

  • Built in 1936

Lot Details

  • 18.6 Acre Lot
  • Chain Link Fence
  • Many Trees

Parking

  • 2 Car Garage

Home Design

  • Pitched Roof

Interior Spaces

  • 687 Sq Ft Home
  • 1-Story Property
  • Dining Room
  • Range
  • Basement

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Outdoor Features

  • Deck

Utilities

  • Forced Air Heating and Cooling System
  • Propane
  • Private Water Source
  • Well
  • Drilled Well

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 322602500

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,389

Year Built

Built in 1936

Lot Details

18.6 Acres

Parking

2

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: Central Air
  • Garage Spaces: 2
  • Accessibility Features: None
  • Water Source: City Water - In Street, Drilled, Private, Well
  • Year Built: 1936
  • Above Grade Finished Sq Ft: 687
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • InternetOptions: Fiber Optic
  • FireNumber: 503
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: None
  • Appliances: Range, Refrigerator
  • Living Area: 687
  • Fireplace: No
  • Basement YN: Yes

Beds/Baths

  • Full Bathrooms: 1
  • Total Bedrooms: 1

Exterior Features

  • Roof: Asphalt, Pitched
  • PoolFeatures: None
  • Fencing: Chain Link
  • Other Structures: Additional Garage
  • ConstructionMaterialsDesc: Frame
  • PatioPorchType: Deck

Garage/Parking

  • Parking Features: Detached

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer - In Street, Tank with Drainage Field
  • Electric: Circuit Breakers
  • Fuel: Propane
  • Power Company: Minnesota Power

Condo/Co-op/Association

  • Association: No
  • Amenities Unit: Deck

Schools

  • Junior High Dist: Park Rapids
  • SchoolDistrictPhone: 218-237-6500

Lot Info

  • PropertyAttachedYN: No
  • Lot Size: .
  • Lot Size Sq Ft: 810216
  • Land Lease: No
  • Lot Features: Many Trees
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • AssessmentPending: Yes
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Fiber Cement

Tax Info

  • Tax Year: 2025
  • Assessor Parcel Number: 322602500
  • Tax Annual Amount: 2389
  • TaxWithAssessments: 5526.0000
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/07/2025 10/07/25 Sold $335,000 -3.5% $488 / Sq Ft
07/20/2025 07/20/25 Pending -- -- --
07/20/2025 07/20/25 For Sale $347,000 -- $505 / 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
2022 $584 $43,900 $41,500 $2,400
2021 $626 $40,900 $38,300 $2,600
2020 $646 $44,000 $41,700 $2,300
2019 $636 $43,800 $41,700 $2,100
2018 $604 $41,400 $38,400 $3,000
2016 $594 $40,900 $38,400 $2,500
2015 $568 $39,700 $37,400 $2,300
2014 $594 $41,500 $39,500 $2,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6753879

NorthstarMLS

APN: 32.26.00400

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