Active

Price cut: $9K (5/14)

Est. $30,000

503 Lake Ave, Park Rapids, MN 56470

2beds

880sqft

Single Family

Built in 1914

6,969 Square Feet Lot

$-- Zestimate^®

$34/sqft

$-- HOA

Overview

Bring your finishing ideas to this 2 bedroom home and bring it back to its original beauty. Main floor laundry, main floor bathroom, decent size kitchen with a main floor bedroom and another bedroom up and a sitting area in the upper level as well, Home needs work. It does have a newer roof on. It has tons of potential hurry up and view this one today.

307 days

823

45

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 1
Full bathrooms: 1

Bathroom

Description: Main Floor Full Bath

Dining room

Description: Eat In Kitchen

Heating

Forced Air

Cooling

None

Appliances

Laundry: Main Level

Features

Basement: Block
Has fireplace: No

Interior area

Total structure area: 1,080
Total interior livable area: 880 sqft
Finished area above ground: 880
Finished area below ground: 0

Property

Parking

Parking features: Gravel

Accessibility

Accessibility features: None

Features

Levels: One and One Half
Stories: 1.5
Patio & porch: Deck
Pool features: None

Lot

Size: 6,969 Square Feet
Dimensions: 50 x 140
Features: Tree Coverage - Light

Details

Foundation area: 200
Parcel number: 324702700
Zoning description: Residential-Single Family

Construction

Type & style

Home type: SingleFamily
Property subtype: Single Family

Materials

Frame

Condition

New construction: No
Year built: 1914

Utilities & green energy

Gas: Natural Gas
Sewer: City Sewer/Connected
Water: City Water/Connected

Community & HOA

Community

Subdivision: Mckinleys Add

HOA

Has HOA: No

Location

Region: Park Rapids

Financial & listing details

Price per square foot: $34/sqft
Tax assessed value: $46,400
Annual tax amount: $894
Date on market: 9/24/2025
Cumulative days on market: 304 days

Foreclosure details

Estimated market value

Not available

Estimated sales range

Not available

$945/mo

Price history

Date	Event	Price
5/14/2026	Price change	$30,000-23.1%$34/sqft
Source: NorthstarMLS as distributed by MLS GRID #6793803 Report a problem
4/15/2026	Price change	$39,000-20.4%$44/sqft
Source: NorthstarMLS as distributed by MLS GRID #6793803 Report a problem
1/14/2026	Price change	$49,000-18.3%$56/sqft
Source: NorthstarMLS as distributed by MLS GRID #6793803 Report a problem
12/19/2025	Listed for sale	$60,000+11.1%$68/sqft
Source: NorthstarMLS as distributed by MLS GRID #6793803 Report a problem
8/20/2024	Sold	$54,000$61/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$684 +6.2%	$46,400 -15.9%
2023	$644 -4.3%	$55,200 +6%
2022	$673 +40.2%	$52,100 +139%
2021	$480 +3%	$21,800 +7.4%
2020	$466	$20,300
2019	$466	$20,300 +4.1%
2018	$466 +5.9%	$19,500 +2.1%
2016	$440 +45.7%	$19,100 -4.5%
2015	$302 -6.8%	$20,000 -6.1%
2014	$324 +20%	$21,300 +7%
2011	$270 -32.2%	$19,900 -39.7%
2010	$398	$33,000

Find assessor info on the county website

Monthly payment

Estimated monthly payment$1,822

Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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