$3,004 Closing Credit¹
#6619075, Listing Office: Carriage Realty, Inc.
$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
Discover your dream home in Forest Lake with over $60,000 in updates and renovations done since 2020 including new roof and siding. This home is currently being used as a duplex which offers the perfect blend of comfort and investment potential. Live here, rent out a unit or house loved ones nearby. 3-bedroom 1 bath unit on the main level and a 1-bedroom 1 bath unit upstairs. Separate entrances to each unit. Heated and insulated garage. Convenient in town location close to all city amenities including the bike trail and Lakeside Memorial Park with boat launch all within walking distance. Don't miss this opportunity!
Highlights
Home typeSingle Family Residence
HeatingForced Air
StatusActive
CoolingCentral Air
Size1,900 sqft
BasementYes
Year built1890
ParkingAttached Garage, Concrete, Heated Garage, Insulated Garage
MLS #6670296
Attached garage2 spaces
Summary
- MLS Number: 6670296
- MLS Name: NORTHSTAR
- Office Name: Keller Williams Premier Realty
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Get an agent. Get a mortgage. Save big.¹
$350,000
407 1st Ave NW
$4,156
closing credit¹
Sell your home with Rocket and save even more!
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. The most common annual income of people living in Forest Lake, MN is between $35k-100k. Residents typically live in single, no kids family. Most residents in this area 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
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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.
Forest Lake, MN housing market in March 2025 saw over 4 listings sold above listed price, more than 7 sold at listed price and over 7 sold below. Between February and March 2025, Forest Lake, MN real estate market has seen increase in the number of listings by 31.3%. In March 2025, listings were on the market for 57 days. During the same period, the median list price in this real estate market was $403,000.
From Rocket Homes Real Estate and based on county public records data.