507 2nd Ave SW Forest Lake, MN 55025
Estimated payment $1,789/month
Highlights
- Corner Lot
- The kitchen features windows
- Enclosed Patio or Porch
- No HOA
- 2 Car Detached Garage
- Forced Air Heating and Cooling System
About This Home
Welcome Home! This 1-1/2 story Craftsman home is simply waiting for the Buyer who is wanting to embellish the character of a classic, early 1900's home. The home boasts a spacious, living/dining room, a main level bedroom or office, a full bath, a bright, sun-drenched, enclosed and heated/cooled front porch, as well as original hardwood floors and woodwork. Also included is a large 2 car garage, a concrete drive with plenty of parking space, a private patio, a handy shed, a "fun" Campfire Circle, and it all sits on a nice, corner lot, within walking distance of shopping, restaurants, hiking/biking/snowmobiling trails, and the beach! The 2nd level features two bedrooms and accessible storage space. The front bedroom has an attractive, wood planked, barrel ceiling. The full basement is unfinished, and offers additional, useable space for the new Owner to be creative, and to enjoy.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,492
Year Built
- Built in 1915
Lot Details
- Lot Dimensions are 75x150
- Corner Lot
- Few Trees
Parking
- 2 Car Detached Garage
- Heated Garage
- Garage Door Opener
Home Design
- Frame Construction
- Pitched Roof
Interior Spaces
- 1,028 Sq Ft Home
- 1.5-Story Property
- Combination Dining and Living Room
Kitchen
- Range
- Dishwasher
- The kitchen features windows
Bedrooms and Bathrooms
- 3 Bedrooms
- 1 Full Bathroom
Laundry
- Dryer
- Washer
Unfinished Basement
- Basement Fills Entire Space Under The House
- Block Basement Construction
- Laundry in Basement
- Natural lighting in basement
Outdoor Features
- Enclosed Patio or Porch
Utilities
- Forced Air Heating and Cooling System
- Vented Exhaust Fan
- 100 Amp Service
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 0803221240073
Map
Home Values in the Area
Average Home Value in this Area
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 | $3,492 | $254,300 | $80,000 | $174,300 |
| 2023 | $3,492 | $234,300 | $79,000 | $155,300 |
| 2022 | $2,144 | $233,000 | $77,100 | $155,900 |
| 2021 | $1,910 | $181,400 | $60,000 | $121,400 |
| 2020 | $2,506 | $177,700 | $62,000 | $115,700 |
| 2019 | $2,120 | $169,800 | $57,000 | $112,800 |
| 2018 | $1,712 | $150,700 | $50,000 | $100,700 |
| 2017 | $1,480 | $146,100 | $50,000 | $96,100 |
| 2016 | $1,264 | $137,900 | $45,000 | $92,900 |
| 2015 | $1,178 | $97,900 | $29,200 | $68,700 |
| 2013 | -- | $82,800 | $26,500 | $56,300 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/21/2025 11/21/25 | For Sale | $285,000 | -- | $277 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $185,000 | Titlesmart Inc | |
| Warranty Deed | $129,900 | Casterton Title & Closing |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $148,000 | New Conventional | |
| Previous Owner | $6,500 | Stand Alone Second | |
| Previous Owner | $127,546 | FHA |
Source: NorthstarMLS
MLS Number: 6820374
APN: 08-032-21-24-0073
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