NOT LISTED FOR SALE

520 Park Island Rd Center City, MN 55012

Estimated Value: $440,000 - $661,000

4 Beds
3 Baths
2,500 Sq Ft
$201/Sq Ft Est. Value

Last Sold March 01, 2024

Last sale price $563,000 $225 Per Sq Ft

Est. 11% decrease in value since last sale

Current estimated payment $3,149/month

91 Days on Market

Highlights

  • 390 Feet of Waterfront
  • Beach Access
  • Forced Air Heating System
  • Chisago Lakes Primary Elementary School Rated A-
  • 1-Story Property
  • Partially Fenced Property

About This Home

As of March 2024

A Lucrative Investment Opportunity: Two Homes in One PID with Lake ShoreThis property has not one, but two houses - a 3BR 2BA and a 1BR 1BA - that have been earning an impressive $65K/year on Airbnb and VRBO. Located at the end of a point, this unique property boasts 390 feet of lake shore, with around 200 feet facing the main lake featuring a dock and sandy beach. The homes have been updated with new roofs, gutters, air conditioning, and flooring in the 3-bedroom unit, as well as a renovated bathroom. The seller is open to a contract for the deed. Don't miss out on this opportunity, schedule a showing today!

Last Agent to Sell the Property

Jill Warner

Ruby Realty Listed on: 10/27/2023

Last Buyer's Agent

Heather Knutson

Ashworth Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,479

Year Built

  • Built in 1958

Lot Details

  • Lot Dimensions are 247 x 281 x 200
  • 390 Feet of Waterfront
  • Lake Front
  • Partially Fenced Property
  • Irregular Lot

Home Design

  • Duplex

Interior Spaces

  • 2,500 Sq Ft Home
  • 1-Story Property
  • Basement
  • Crawl Space

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Additional Features

  • Beach Access
  • Forced Air Heating System

Community Details

  • 2 Units

Listing and Financial Details

  • The owner pays for all utilities
  • Assessor Parcel Number 120003700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,479

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Type: Residential Income
  • Property Subtype 1: Duplex Other
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Year Built: 1958
  • Above Grade Finished Sq Ft: 2500
  • Water Body Name: South Center
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • InternetOptions: Cable,DSL,Fiber Optic,Satellite
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Block, Crawl Space
  • Living Area: 2500
  • Owner Pays: All Utilities
  • Basement YN: Yes
  • Total Rooms: 1
  • Total Rooms: 2
  • Number Of Fireplaces: 0

Beds/Baths

  • Total Bedrooms: 4

Exterior Features

  • Roof: Age 8 Years or Less
  • Fencing: Partial
  • ConstructionMaterialsDesc: Frame
  • PatioPorchType: Deck,Patio
  • Lake Acres: 835
  • LakeChain: Y
  • Waterfront Frontage: 390
  • Lake Chain Acreage: 5357
  • Lake Chain Name: Chisago Lakes

Garage/Parking

  • Parking Features: Gravel

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • Electric: Circuit Breakers
  • Fuel: Natural Gas
  • Number of Ranges: Two

Schools

  • Junior High Dist: Chisago Lakes
  • SchoolDistrictNumber: 2144
  • SchoolDistrictPhone: 651-213-2096

Lot Info

  • Topography: Level
  • Waterfront YN: Yes
  • Lot Size: 247 x 281 x 200
  • Land Lease: No
  • Lot Features: Accessible Shoreline, Irregular Lot
  • Additional Parcels: No
  • Zoning Description: Residential-Multi-Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: Unknown
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Metal Siding
  • Units Total: 2

Rental Info

  • Expenses: 0.0000

Tax Info

  • Tax Year: 2023
  • Assessor Parcel Number: 120003700
  • Tax Annual Amount: 5479
  • TaxWithAssessments: 5530.0000

Multi Family

  • WaterfrontFeatures: Lake Front
  • Number Of Refrigerators: Two

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 19, 2018
Sold by
Helgestad Sharon K
Bought by
Rbc Financial T
Current Estimated Value
$501,899
Source: Public Records

Range of Values:

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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 Buyer Sale Price Title Company
Rbc Financial T $275,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/01/2024 03/01/24 Sold $563,000 -5.4% $225 / Sq Ft
01/26/2024 01/26/24 Pending -- -- --
12/17/2023 12/17/23 Price Changed $595,000 -0.4% $238 / Sq Ft
10/27/2023 10/27/23 For Sale $597,500 -- $239 / 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
2023 $5,698 $437,200 $242,700 $194,500
2022 $5,612 $397,500 $212,900 $184,600
2021 $5,132 $333,300 $0 $0
2020 $4,888 $295,500 $158,600 $136,900
2019 $4,524 $0 $0 $0
2018 $4,256 $0 $0 $0
2017 $4,006 $0 $0 $0
2016 $3,780 $0 $0 $0
2015 $4,172 $0 $0 $0
2014 -- $242,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jill Warner

    Seller's Agent in 2024

    Jill Warner

    Ruby Realty

    (320) 279-3212

    1 in this area

    99 Total Sales

    Jill Warner
    Section Image
  • Heather Knutson

    Buyer's Agent in 2024

    Heather Knutson

    Ashworth Real Estate

    (763) 913-6931

    3 in this area

    34 Total Sales

    Heather Knutson
    Section Image
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Map

Source: NorthstarMLS

MLS Number: 6453628

NorthstarMLS

APN: 12-00037-00

Minnesota Chisago County Center City 55012

520 Park Island Rd, Center City, MN

This home is located at 520 Park Island Rd, Center City, MN 55012 since 27 October 2023 and is currently estimated at $501,899, approximately $200 per square foot. This property was built in 1958. 520 Park Island Rd is a home located in Chisago County with nearby schools including Chisago Lakes Primary Elementary School, Lakeside Elementary School, and Chisago Lakes Middle School.

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