Closed

$346,000

503 Fair Ave, Park Rapids, MN 56470

1beds

687sqft

Single Family Residence

Built in 1936

18.6 Acres Lot

$339,500 Zestimate^®

$504/sqft

$884 Estimated rent

Home value

$339,500

Estimated sales range

Not available

$884/mo

Zestimate^® history

Owner options

List your home for rent

$884/mo

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$884/mo

Rent Zestimate^®

Refinance and save

$2,112/mo

Est. payment

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$2,112/mo

Est. payment

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What's special

A beautifully remodeled one-bedroom home set on 18 acres of picturesque, park-like land. This property offers the perfect balance of convenience and privacy—close to town for easy access to amenities, yet tucked away enough to enjoy peace and seclusion. The home itself is updated and move-in ready, making it ideal for someone seeking a private retreat. With 18 acres, there’s also incredible potential for future development, whether you’re envisioning larger housing projects or simply enjoying the space for yourself. A unique opportunity with endless possibilities!

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 1
Bathrooms: 1
Full bathrooms: 1

Bathroom

Description: Main Floor Full Bath

Dining room

Description: Informal Dining Room

Heating

Forced Air

Cooling

Central Air

Appliances

Included: Range, Refrigerator
Laundry: Main Level

Features

Basement: None
Has fireplace: No

Interior area

Total structure area: 687
Total interior livable area: 687 sqft
Finished area above ground: 687
Finished area below ground: 0

Property

Parking

Total spaces: 2
Parking features: Detached Garage
Garage spaces: 2

Accessibility

Accessibility features: None

Features

Levels: One
Stories: 1
Patio & porch: Deck
Pool features: None
Fencing: Chain Link

Lot

Size: 18.6 Acres
Features: Tree Coverage - Medium

Details

Additional structures: Garage(s)
Foundation area: 687
Parcel number: 322602500
Zoning description: Residential-Single Family

Construction

Type & style

Home type: SingleFamily
Property subtype: Single Family Residence

Materials

Frame
Roof: Asphalt,Pitched

Condition

New construction: No
Year built: 1936

Utilities & green energy

Electric: Circuit Breakers, Power Company: Minnesota Power
Gas: Propane
Sewer: City Sewer - In Street, Tank with Drainage Field
Water: City Water - In Street, Drilled, Private, Well

Community & HOA

HOA

Has HOA: No

Location

Region: Park Rapids

Financial & listing details

Price per square foot: $504/sqft
Tax assessed value: $219,300
Annual tax amount: $2,389
Date on market: 7/20/2025

Price history

Date	Event	Price
3/10/2026	Sold	$346,000+3.3%$504/sqft
Source: Public Record Report a problem
10/7/2025	Sold	$335,000-3.5%$488/sqft
Source: NorthstarMLS as distributed by MLS GRID #6753879 Report a problem
7/20/2025	Pending sale	$347,000$505/sqft
Source: NorthstarMLS as distributed by MLS GRID #6753879 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$2,252 +116.1%	$192,487 +6.4%
2023	$1,042 +36.4%	$180,958 +118.4%
2022	$764 +28.2%	$82,850 +180.8%
2021	$596 +5.3%	$29,500 +10.5%
2020	$566	$26,700
2019	$566 +1.1%	$26,700 +4.7%
2018	$560 +6.1%	$25,500 +2.8%
2016	$528 +53.5%	$24,800 +8.8%
2015	$344 -5.5%	$22,800 -5%
2014	$364 -1.1%	$24,000 -11.8%
2011	$368 -24.3%	$27,200 -38.3%
2010	$486	$44,100