NOT LISTED FOR SALE

Tract A 470th St Pelican Rapids, MN 56572

Estimated Value: $562,000 - $1,516,404

5.3 Acres
$196,076 Price per Acre
230,868 Sq Ft Lot

Last Sold May 20, 2024

Last sale price $370,000

Est. 181% increase in value since last sale

Current estimated payment $5,960/month

8 Days on Market

About This Lot

As of May 2024

FRANKLIN LAKE - Tract A - Great swimming at the last available point lot on this premium lake! Just dream of all the possibilities with 900+ feet of lake frontage with several nice building location choices on this 5+ acre wooded lot! There are areas of the lot with a nice shelf and easy access with 5-10 steps to the shoreline. This is the one you've been dreaming of and waiting for! Don't let it pass you by!

Last Agent to Sell the Property

Barb Backstrom

Coldwell Banker Preferred Partners Listed on: 04/15/2024

Coldwell Banker Preferred Partners

Last Buyer's Agent

Josh Teigen

eXp Realty (3120 FGO)

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $5,394

Lot Details

  • 900 Feet of Waterfront
  • Lake Front
  • The property's road front is unimproved
  • Street terminates at a dead end
  • Irregular Lot

Community Details

  • No Home Owners Association
  • Franklin Lake Subdivision

Listing and Financial Details

  • Assessor Parcel Number 17000270351000

Property Details

Property Type

Land

Est. Annual Taxes

$5,394

Lot Details

0

Listing Details

  • Type: Land
  • Development Status: Raw Land
  • Water Body Name: Franklin Lake (56075900)
  • FractionalOwnershipYN: No
  • Rental License?: No
  • BuilderRestrict: Open
  • Improvements: None
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Inclusions: Survey

Exterior Features

  • View: East, Lake, North
  • Lake Acres: 1087
  • Lake Bottom: Hard,Sand
  • LakeChain: N
  • Elevation Highpoint to Waterfront Feet: 10-15
  • Waterfront Frontage: 900

Utilities

  • Utilities: None Connected, Electricity Available

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Pelican Rapids
  • SchoolDistrictNumber: 548
  • SchoolDistrictPhone: 218-863-5910

Lot Info

  • Topography: Gently Rolling
  • Waterfront YN: Yes
  • Lot Size: 666x343 irregular
  • Land Lease: No
  • Lot Features: Irregular Lot, Many Trees
  • Wooded Area: 5.3
  • Additional Parcels: No
  • Zoning Description: Shoreline
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No

Tax Info

  • Tax Year: 2024
  • Assessor Parcel Number: 17000270351000
  • TaxWithAssessments: 0.0000
  • TaxableAcres: 5.300

Multi Family

  • WaterfrontFeatures: Lake Front

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 15, 2024
Closed on
May 20, 2024
Sold by
Beneke Carolyn and Beneke Julie
Bought by
Stockstad Corey and Stockstad Lynne
Seller's Agent
Barb Backstrom
Coldwell Banker Preferred Partners
Buyer's Agent
Josh Teigen
eXp Realty (3120 FGO)
List Price
$375,000
Sold Price
$370,000
Premium/Discount to List
-$5,000
-1.33%
Views
1
Current Estimated Value
$1,039,202

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$669,202
Avg. Annual Appreciation
109.10%
Source: Public Records

Range of Values:

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Average Value
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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
Stockstad Corey $370,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/20/2024 05/20/24 Sold $370,000 -1.3% --
04/24/2024 04/24/24 Pending -- -- --
04/15/2024 04/15/24 For Sale $375,000 -- --
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 $5,394 $1,063,200 $695,300 $367,900
2024 $9,966 $1,585,200 $1,216,800 $368,400
2023 $10,300 $1,698,200 $1,445,800 $252,400
2022 $9,074 $1,030,000 $0 $0
2021 $8,670 $1,698,200 $1,445,800 $252,400
2020 $10,738 $1,174,300 $946,400 $227,900
2019 $10,842 $1,508,700 $1,298,500 $210,200
2018 $9,168 $1,508,700 $1,298,500 $210,200
2017 $9,402 $1,252,100 $1,059,200 $192,900
2016 $9,066 $1,191,900 $1,006,000 $185,900
2015 $8,826 $0 $0 $0
2014 -- $1,306,700 $1,124,100 $182,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6519346

NorthstarMLS

APN: 17000270351000