For SaleNeutral Deal37 days on market
421 Shore Acres Dr
421 Shore Acres Dr, Big Lake, MN 55309, Big Lake, MN 55309
$975,000
Listing Price
421 Shore Acres Dr, Big Lake, MN 55309
Loc: Big Lake, MN
Days Listed
37
Tax Assessed
$702k
Lot Size
0.27 acres
Type
single family
More Than Just a Property
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4.9
Safety Score
A+
Schools
Nearby Schools
Educational options and performance ratings in the area.
7
Independence Elementary School
3-5
0.7 mi away
5
Big Lake Middle School
6-8
0.5 mi away
9
Big Lake Senior High School
9-12
0.5 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
Single Family1959Forced AirCentral Air2 Attached Garage spaces0.27 Acres37 Days$262
Haven AI Verdict
Recommendation
Neutral
Confidence Score: 4/10
Exercise caution due to potential market volatility.
Cap Rate
6.24%
Total ROI
94.4%
Cash Flow
$8/mo
DSCR
1.00
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $8/mo net cash flow with a 6.2% cap rate. Underwriting indicates neutral fundamentals for long-term hold.
Strengths
- • Favorable cap rate profile (6.2%)
- • Strong rental demand in Big Lake
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 |
|---|---|---|---|
| 2026-09-04 | Listed for sale | $975,000 | $262 |
| 2021-07-30 | Sold | $700,000 | $188 |
| 2016-08-30 | Sold | $444,500 | $119 |
| 2016-06-11 | Price change | $469,000 | $126 |
| 2016-06-10 | Pending sale | $450,000 | $121 |
| 2016-05-06 | Price change | $450,000 | $121 |
| 2015-09-30 | Listed for sale | $469,000 | $126 |
| 2015-07-02 | Listing removed | $479,900 | $129 |
| 2015-03-09 | Listed for sale | $479,900 | $129 |
| 2014-09-15 | Listing removed | $525,000 | $141 |
| 2014-06-12 | Listed for sale | $525,000 | $141 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $9,184 | $701,700 |
| 2024 | $9,282 | $694,000 |
| 2023 | $8,262 | $716,300 |
| 2022 | $6,462 | $625,400 |
| 2021 | $6,480 | $423,900 |
| 2020 | $6,566 | $414,000 |
| 2019 | $6,480 | $414,000 |
| 2018 | $6,566 | $398,700 |
| 2017 | $6,412 | $381,600 |
| 2016 | $6,396 | $357,100 |
| 2015 | $5,736 | $329,000 |
| 2014 | $5,736 | $345,300 |
| 2013 | $5,904 | $337,300 |
| 2012 | $5,711 | $329,200 |
| 2011 | $5,939 | $359,800 |
| 2010 | $5,308 | $368,500 |
| 2009 | $5,240 | $368,500 |
| 2008 | $4,994.7 | $393,000 |
| 2007 | $4,238.2 | $338,000 |
| 2006 | $3,769.89 | $293,900 |
| 2005 | $3,333.51 | $252,100 |
| 2004 | $3,405.12 | $219,200 |
| 2003 | $2,892.27 | $195,700 |
| 2002 | $2,628.29 | $177,900 |
| 2001 | $3,086 | $164,000 |
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