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Off market
  • $487,300

    5405 240th St N, Forest Lake, MN 55025

    4beds
    2,003sqft
    SingleFamily
    Built in 1971
    2.76 Acres Lot
    $487,300 Zestimate®
    $243/sqft
    $2,814 Estimated rent

    Home value

    $487,300

    $463,000 - $517,000

    $2,814/mo

    Zestimate® history
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    $2,814/mo

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    Rent Zestimate®

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    $3,017/mo

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    What's special

    A rare opportunity! 2.75 acres of serenity & mature trees with a separate shop, only 3 minutes from downtown Forest Lake! Lovingly updated by the current owners. Updated knotted Elder eat-in kitchen with granite & stainless appliances. Ceramic Tile floors, Travertine backsplash & 5 burner gas stove. DR has sliding doors to large deck with stairs to the yard! Updated plumbing & lighting fixtures. Freshly painted with custom wainscoting & tile detail thruout. 2 main floor BRS with bath including wood grain ceramic tile & new vanity with marble. Lower level family room has FP (non-operational) with 2 additional bedrooms & another newly updated ceramic bath. Large mud/laundry room off the garage is incredibly functional. Boiler was replaced in 2016 & roof is 10 years old(25 year shingle). 2 car attached garage with additional 30x24 heated & insulated shop. A truly stunning property that is minutes to the freeway. Making this an easy place to commute in 30 mins or less to either downtown!

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Baseboard
    Appliances
    • Included: Microwave, Refrigerator
    Features
    • Flooring: Hardwood
    • Basement: Finished
    • Has fireplace: Yes
    Interior area
    • Total interior livable area: 2,003 sqft

    Property

    Parking
    • Parking features: Garage - Attached, Garage - Detached
    Features
    • Exterior features: Wood
    Lot
    • Size: 2.76 Acres
    Details
    • Parcel number: 0503221220001
    • Zoning: Residential-Single Family

    Construction

    Type & style
    • Home type: SingleFamily
    Materials
    • Frame
    • Roof: Asphalt
    Condition
    • Year built: 1971

    Utilities & green energy

    • Sewer: Private

    Community & HOA

    Location
    • Region: Forest Lake

    Financial & listing details

    • Price per square foot: $243/sqft
    • Tax assessed value: $418,200
    • Annual tax amount: $4,566

    Price history

    DateEventPrice
    11/25/2019Sold$320,900+0.3%$160/sqft
    Source: NorthstarMLS as distributed by MLS GRID #5281998 Report a problem
    10/3/2019Pending sale$319,900$160/sqft
    Source: RE/MAX Results #5281998 Report a problem
    9/3/2019Listed for sale$319,900+40%$160/sqft
    Source: RE/MAX Results #5281998 Report a problem
    12/5/2013Sold$228,500-4.8%$114/sqft
    Source: Lake Superior Area Realtors as distributed by MLS GRID #2096235 Report a problem
    9/18/2013Listed for sale$239,900+31.8%$120/sqft
    Source: RE/MAX Synergy #4412997 Report a problem
    3/28/2003Sold$182,000$91/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$4,566 +4.2%$409,300 +0.2%
    2024$4,384 +13%$408,400 +7.7%
    2023$3,880 +13.8%$379,100 +32.1%
    2022$3,408 -0.1%$286,900 -3.5%
    2021$3,410 +16%$297,400 +17.2%
    2020$2,940 $253,700
    2019$2,940 $253,700 +4.7%
    2018$2,940 +1.2%$242,400 +3.1%
    2017$2,904 +7.9%$235,200 +2.8%
    2016$2,692 +3.8%$228,700 +8.1%
    2015$2,594 $211,600 +13.5%
    2013$2,594 +23.3%$186,500 +7.4%
    2012$2,104 $173,700 -6.1%
    2011$2,104 +5.6%$184,900 -19.5%
    2010$1,992 -4.4%$229,800
    2009$2,084 -2.2%--
    2008$2,130 +12.9%--
    2007$1,886 +4.2%--
    2006$1,810 +14.9%--
    2005$1,575 +8.1%--
    2004$1,457 +1.5%--
    2003$1,435 +6.5%--
    2002$1,348 -0.3%--
    2001$1,352 --
    Find assessor info on the county website

    Neighborhood: 55025

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $487,300
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    Estimated market value
    $487,300