For SaleRisky Deal2 days on market
381 Lake St S
381 Lake St S, Big Lake, MN 55309, Big Lake, MN 55309
$375,000
Estimate®:$372,300
Listing Price
381 Lake St S, Big Lake, MN 55309
Loc: Big Lake, MN
Days Listed
2
Tax Assessed
$251k
Estimate®
$372k
Market Rate
Lot Size
5.79 acres
Rent Estimate
$2,437/mo
Est. Cash Flow base
Type
single family
More Than Just a Property
We believe a home extends beyond its walls. That's why we help you explore the pulse of the community—from top-rated schools to essential emergency services. Your safety, well-being, and connection to the neighborhood matter to us.
4.9
Safety Score
A+
Schools
Nearby Schools
Educational options and performance ratings in the area.
7
Independence Elementary School
3-5
1 mi away
5
Big Lake Middle School
6-8
0.9 mi away
9
Big Lake Senior High School
9-12
1 mi away
Property Overview
No property narrative or remarks were supplied in the source listing records. Underwriting and financial metrics are calculated directly from public record data and MLS attributes.
Features & Amenities
traditionaltwo-storyvinyl sidinggable roofbay windowdetached garagespacious yardmature treessuburbancharmingcovered entrywayresidential
Haven AI Verdict
Recommendation
Risky
Confidence Score: 1/10
Exercise caution due to potential market volatility.
Cap Rate
4.76%
Total ROI
62.4%
Cash Flow
$-457/mo
DSCR
0.77
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-457/mo net cash flow with a 4.8% cap rate. Underwriting indicates risky fundamentals for long-term hold.
Strengths
- • Prime residential location in Big Lake, MN
- • Long-term capital appreciation corridor
Considerations
- • Verify historical operating expenses and local tax assessment
- • Confirm current lease terms and tenant estoppel certificates
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-09-24 | Listed for sale | $375,000 | $208 |
| 2009-11-18 | Sold | $74,900 | $41 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $2,928 | $234,126 |
| 2024 | $3,152 | $231,729 |
| 2023 | $3,084 | $257,351 |
| 2022 | $2,774 | $241,826 |
| 2021 | $2,596 | $167,577 |
| 2020 | $2,452 | $152,347 |
| 2019 | $2,596 | $172,100 |
| 2018 | $2,452 | $159,900 |
| 2017 | $2,278 | $148,000 |
| 2016 | $2,162 | $136,300 |
| 2015 | $1,954 | $109,400 |
| 2014 | $1,954 | $103,300 |
| 2013 | $1,506 | $84,500 |
| 2012 | $1,723 | $85,300 |
| 2011 | $1,581 | $93,800 |
| 2010 | $1,618 | $127,600 |
| 2009 | $1,897.74 | $146,500 |
| 2008 | $2,212.63 | $160,600 |
| 2007 | $2,287 | $168,800 |
| 2006 | $2,054.76 | $147,000 |
| 2005 | $1,860.27 | $127,800 |
| 2004 | $1,679.88 | $111,100 |
| 2003 | $1,576.84 | $99,200 |
| 2002 | $1,443.12 | $90,200 |
| 2001 | $1,361.11 | $83,100 |
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