NOT LISTED FOR SALE

723 Shorewood Dr Detroit Lakes, MN 56501

Estimated Value: $65,000 - $85,000

0.63 Acre
$113,521 Price per Acre
27,443 Sq Ft Lot

Last Sold June 16, 2023

Last sale price $60,000

Est. 19% increase in value since last sale

Current estimated payment $423/month

234 Days on Market

About This Lot

As of June 2023

Shorewood Drive! Probably the most picturesque walking-friendly neighborhood on the lake sits this large lot, crowned towards both the North and South. This large Detroit Lakes vacant city lot is ready for your building plans with "no specials". Level building area will allow for many choices of custom builds. Facing east to the waters of Big Detroit, you will have beautiful sunrises. The lot has a wonderful landscape and setting the backdrop are mature oaks. City water and sewer. Just a short walk to local dining. 3 minute drive to Big Detroit South shore public access.

Last Agent to Sell the Property

Scott Davis

Jack Chivers Realty Listed on: 10/14/2022

Last Buyer's Agent

Scott Davis

Jack Chivers Realty Listed on: 10/14/2022

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $546

Lot Details

  • Irregular Lot
  • Few Trees
  • Zoning described as Lot,Residential-Single Family

Utilities

  • Underground Utilities

Community Details

  • No Home Owners Association
  • Shorewood Oaks Subdivision

Listing and Financial Details

  • Assessor Parcel Number R492512541

Property Details

Property Type

Land

Est. Annual Taxes

$546

Lot Details

0

Listing Details

  • Type: Land
  • Development Status: Raw Land
  • FractionalOwnershipYN: No
  • Rental License?: No
  • BuilderRestrict: Open
  • Improvements: None
  • Special Features: VirtualTour
  • Property Sub Type: LotsLands

Interior Features

  • Inclusions: Platted

Exterior Features

  • Soil Type: Loam

Utilities

  • Utilities: Electricity Connected, Sewer Connected, Natural Gas Available, Sewer Available, Underground Utilities Available, Water Available

Condo/Co-op/Association

  • Association: No

Schools

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

Lot Info

  • Topography: Gently Rolling,Level
  • Lot Size: 110 * 254
  • Land Lease: No
  • Lot Features: Irregular Lot, Tree Coverage - Light, Tree Coverage - Medium, Underground Utilities
  • Additional Parcels: No
  • Zoning Description: Lot,Residential-Single Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: Yes

Tax Info

  • Tax Year: 2022
  • Assessor Parcel Number: R492512541
  • Tax Annual Amount: 72
  • TaxWithAssessments: 104.0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 14, 2022
Closed on
Jun 16, 2023
Sold by
Helm Robert
Bought by
Nustad Matthew
Seller's Agent
Scott Davis
Jack Chivers Realty
Buyer's Agent
Scott Davis
Jack Chivers Realty
List Price
$90,000
Sold Price
$60,000
Premium/Discount to List
-$30,000
-33.33%
Views
32
Current Estimated Value
$71,518

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$11,518
Avg. Annual Appreciation
7.53%

Purchase Details

Closed on
Mar 1, 2022
Sold by
Pratt David A and Pratt Deborah R
Bought by
Helm Robert O
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Nustad Matthew $60,000 --
Helm Robert O $82,500 Minnesota Title
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/16/2023 06/16/23 Sold $60,000 -22.6% --
06/04/2023 06/04/23 Pending -- -- --
05/12/2023 05/12/23 Price Changed $77,500 -8.8% --
02/10/2023 02/10/23 Price Changed $85,000 -1.5% --
11/04/2022 11/04/22 Price Changed $86,300 -4.1% --
10/13/2022 10/13/22 For Sale $90,000 -- --
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 $546 $45,900 $45,900 $0
2024 $552 $45,900 $45,900 $0
2023 $512 $39,700 $39,700 $0
2022 $104 $6,400 $6,400 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6267434

NorthstarMLS

APN: R492512541