Closed

$167,000

1026 Lake Ave, Graceville, MN 56240

3beds

1,855sqft

Single Family Residence

Built in 1904

0.37 Acres Lot

$171,500 Zestimate^®

$90/sqft

$1,392 Estimated rent

Home value

$171,500

Estimated sales range

Not available

$1,392/mo

Zestimate^® history

Owner options

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$1,045/mo

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$1,045/mo

Est. payment

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What's special

Fenced backyardSpacious and well-maintained homeTrendy painted cabinetsFreshly updated kitchen

Enjoy stunning views of East Toque Lake from this spacious and well-maintained home in Graceville, MN! This property offers the perfect blend of peaceful lake living and everyday convenience—without the lakefront price. The exterior is maintenance-free with steel siding and a steel roof, giving you peace of mind year-round. Inside, you'll find large, open living and dining spaces—perfect for entertaining—and a freshly updated kitchen with trendy painted cabinets. The main level features a spacious bathroom that also serves as a laundry room. Upstairs, all three bedrooms are together, with potential for a fourth if needed. The fenced backyard creates a private outdoor retreat, while the oversized, heated, and insulated three-stall garage is ideal for storage, hobbies, or a workshop. Don’t miss this opportunity to enjoy lake views, small-town charm, and a move-in-ready home that truly has it all!

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 1
Full bathrooms: 1

Bathroom

Description: Main Floor Full Bath

Heating

Forced Air

Cooling

Central Air

Appliances

Included: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
Laundry: Main Level

Features

Basement: Sump Pump,Unfinished

Interior area

Total structure area: 1,855
Total interior livable area: 1,855 sqft
Finished area above ground: 1,855
Finished area below ground: 0

Property

Parking

Total spaces: 3
Parking features: Detached Garage
Garage spaces: 3
Details: Garage Dimensions (32x45)

Accessibility

Accessibility features: None

Features

Levels: Two
Stories: 2
Patio & porch: Deck
Fencing: Privacy,Wood
Has view: Yes
View description: Lake
Has water view: Yes
Water view: Lake
Waterfront features: Lake View
Frontage length: Water Frontage: 0

Lot

Size: 0.37 Acres
Dimensions: 75 x 215 x 50 x 218
Features: Accessible Shoreline

Details

Additional structures: Garage(s)
Foundation area: 720
Parcel number: 190317000
Zoning description: Residential-Single Family

Construction

Type & style

Home type: SingleFamily
Property subtype: Single Family Residence

Materials

Frame
Roof: Metal

Condition

New construction: No
Year built: 1904

Utilities & green energy

Electric: Circuit Breakers
Gas: Propane
Sewer: City Sewer/Connected
Water: City Water/Connected

Community & HOA

Community

Subdivision: Obriens Add

HOA

Has HOA: No

Location

Region: Graceville

Financial & listing details

Price per square foot: $90/sqft
Tax assessed value: $155,000
Annual tax amount: $2,472
Date on market: 8/5/2025
Cumulative days on market: 99 days

Price history

Date	Event	Price
11/25/2025	Sold	$167,000-0.3%$90/sqft
Source: NorthstarMLS as distributed by MLS GRID #6767148 Report a problem
11/12/2025	Pending sale	$167,500$90/sqft
Source: NorthstarMLS as distributed by MLS GRID #6767148 Report a problem
8/5/2025	Listed for sale	$167,500+12.4%$90/sqft
Source: NorthstarMLS as distributed by MLS GRID #6767148 Report a problem
1/8/2024	Sold	$149,000$80/sqft
Source: NorthstarMLS as distributed by MLS GRID #6450944 Report a problem
1/2/2024	Pending sale	$149,000$80/sqft
Source: NorthstarMLS as distributed by MLS GRID #6450944 Report a problem
10/23/2023	Listed for sale	$149,000+398.3%$80/sqft
Source: NorthstarMLS as distributed by MLS GRID #6450944 Report a problem
2/23/2009	Sold	$29,900-33.6%$16/sqft
Source: Lake Superior Area Realtors as distributed by MLS GRID #1000350 Report a problem
9/1/2005	Sold	$45,000$24/sqft
Source: Agent Provided Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$2,472 +6.4%	$155,000 +8.5%
2024	$2,324 +58.1%	$142,828 +75.3%
2023	$1,470 +31%	$81,461 +38.1%
2022	$1,122 +12.7%	$59,007 +16.1%
2021	$996 +9.7%	$50,832 -32.3%
2020	$908	$75,100
2019	$908 -0.2%	$75,100 +0.8%
2018	$910	$74,500 +2.9%
2017	--	$72,400 +6.3%
2016	--	$68,100
2015	--	--
2014	--	--
2013	--	--
2012	--	--
2011	--	--
2010	--	--