New - 4 days on Rocket
$5,344 Closing Credit¹
#6671413, Listing Office: RE/MAX Synergy
$350,000 List price
407 1st Ave NW Forest Lake, MN 55025
$4,156
Closing credit¹
4 beds
2 full
1,900 sqft
$184 / sqft
House
Property details
About 407 1st Ave NW
Attractive home with over $60,000 in updates and renovations done since 2020 including new roof and siding. This home is currently being used as a rental unit with a 3-bedroom 1 bath unit on the main level and a 1-bedroom 1 bath unit upstairs. This is a great opportunity to live and have a tenant pay your mortgage! Convenient in town location close to all city amenities including the bike trail and Lakeside Memorial Park all within walking distance.
Highlights
Home typeSingle Family Residence
HeatingForced Air
StatusComing Soon
CoolingCentral Air
Size1,900 sqft
BasementYes
Year built1890
ParkingAttached Garage, Concrete
MLS #6670296
Attached garage2 spaces
Active DateFebruary 26, 2025
Summary
- MLS Number: 6670296
- MLS Name: NORTHSTAR
- Office Name: Keller Williams Premier Realty
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$350,000
407 1st Ave NW
$4,156
closing credit¹
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Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Dec 04, 2020 | Home Sold | $239,900 |
| Feb 25, 2020 | Home Sold | $160,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2022 | $275,100 | $2,814 |
| 2021 | $215,600 | $2,548 |
| 2020 | $184,800 | $2,212 |
| 2019 | $181,600 | $2,212 |
| 2018 | $134,800 | $1,578 |
| 2017 | $129,200 | $1,578 |
History based on county public records data.
Nearby schools
4
Forest Lake Elementary
Public District 4-6
0.4 mi
•408 4th St SW
3
Forest View Elementary
Public District KG-3
0.6 mi
•620 4th St SW
6
Lila Main Campus
Public Charter 1-5
1.0 mi
•246 11th Ave SE
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $53,804. Most Forest Lake, MN residents have annual incomes between $35k-100k. Residents typically live in single, no kids family. Residents of this area typically have high school diploma education.
How much money do the neighbors make?
32%
<35k
60%
35k-100k
8%
100k-200k
0%
200k+
What level of education do the neighbors have?
No High School
High School Diploma
Post Secondary Degree
Doctorate
What types of families live nearby?
41%
Single, No Kids
13%
Single, with Kids
32%
Married, No Kids
14%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
12%
<11 yrs old
7%
12-17 yrs old
26%
18-34 yrs old
41%
35-64 yrs old
14%
65+ yrs old
What do the neighbors do for fun?
Extreme Sports
Figure Skating
PGA/LPGA
Where do the neighbors shop?
Academy Sports & Outdoors
Stein Mart
Kmart
Where do the neighbors go to eat?
Little Caesars
Bob Evans
Dominos Pizza
What do the neighbors drive?
Chevrolet
Buick
Lincoln
What do the neighbors listen to?
Country
Adult Standards
Oldies
All data provided by Home Junction and Claritas
Similar homes for sale
Frequently asked questions
About 407 1st Ave NW
This home is located at 407 1st Ave NW in Forest Lake, MN and zip code 55025. This 1,900 square foot home was built in 1890. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since February 21, 2025 and is currently priced at $350,000.
While more than 6 listings in Forest Lake, MN in January 2025 were sold above asking price, there were more than 1 listings sold at asking price, and more than 10 were sold below. Between December and January 2025, Forest Lake, MN real estate market has seen decrease in the number of listings by 2.2%. While the average time on the market in January 2025 was 57 days, the median list price was $399,333.
From Rocket Homes Real Estate and based on county public records data.