For SaleRisky Deal27 days on market
1401 Hiawatha Ave
1401 Hiawatha Ave, Big Lake, MN 55309, Big Lake, MN 55309
$995,000
Listing Price
1401 Hiawatha Ave, Big Lake, MN 55309
Loc: Big Lake, MN
Days Listed
27
Tax Assessed
$759k
Lot Size
0.49 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
1.7 mi away
5
Big Lake Middle School
6-8
1.5 mi away
9
Big Lake Senior High School
9-12
1.4 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 Family2002Forced Air, Fireplace(s), Humidifier, ZonedCentral Air, Zoned6 Attached Garage spaces0.49 Acres27 Days$262
Haven AI Verdict
Recommendation
Risky
Confidence Score: 2/10
Exercise caution due to potential market volatility.
Cap Rate
6.19%
Total ROI
93.4%
Cash Flow
$-32/mo
DSCR
0.99
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-32/mo net cash flow with a 6.2% cap rate. Underwriting indicates risky 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 |
|---|---|---|---|
| 2026-09-18 | Price change | $995,000 | $262 |
| 2026-09-14 | Listed for sale | $1,050,000 | $276 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $10,598 | $758,700 |
| 2024 | $10,276 | $755,300 |
| 2023 | $8,888 | $749,500 |
| 2022 | $7,132 | $666,100 |
| 2021 | $7,006 | $458,200 |
| 2020 | $7,226 | $455,700 |
| 2019 | $7,006 | $455,700 |
| 2018 | $7,226 | $445,100 |
| 2017 | $7,180 | $432,000 |
| 2016 | $7,660 | $409,700 |
| 2015 | $7,522 | $410,200 |
| 2014 | $7,522 | $380,700 |
| 2013 | $1,842 | $332,800 |
| 2012 | $1,831 | $325,200 |
| 2011 | $5,729.02 | $347,000 |
| 2010 | $5,262.02 | $365,500 |
| 2009 | $5,742.98 | $401,500 |
| 2008 | $5,926 | $423,900 |
| 2007 | $6,028 | $438,000 |
| 2006 | $5,902 | $418,500 |
| 2005 | $5,704.41 | $391,100 |
| 2004 | $2,882.21 | $169,100 |
| 2003 | $1,284.04 | $78,300 |
| 2002 | $1,178.99 | $71,200 |
| 2001 | $1,236 | $65,600 |
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