For SaleRisky Deal1 days on market
23868 187th St NW
23868 187th St NW, Big Lake, MN 55309, Big Lake, MN 55309
$609,900
Estimate®:$607,800
Listing Price
23868 187th St NW, Big Lake, MN 55309
Loc: Big Lake, MN
Days Listed
1
Tax Assessed
$494k
Estimate®
$608k
Market Rate
Lot Size
0.63 acres
Rent Estimate
$3,074/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.
N/A
Liberty Elementary School
PK-2
4.4 mi away
5
Big Lake Middle School
6-8
4.6 mi away
9
Big Lake Senior High School
9-12
4.4 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
craftsmanranchthree-car garagestone veneervinyl sidingvertical sidingspacioussuburbanwell-manicured lawnasphalt drivewaygable roofcovered porchmodern aesthetic
Haven AI Verdict
Recommendation
Risky
Confidence Score: 5/10
Exercise caution due to potential market volatility.
Cap Rate
3.40%
Total ROI
32.7%
Cash Flow
$-1,437/mo
DSCR
0.55
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-1,437/mo net cash flow with a 3.4% 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 |
|---|---|---|---|
| 2026-09-10 | Price change | $609,900 | $229 |
| 2026-08-25 | Price change | $619,900 | $233 |
| 2026-08-21 | Listed for sale | $639,900 | $241 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $1,782 | $194,200 |
| 2024 | $3,252 | $323,000 |
| 2023 | $0 | $318,000 |
| 2022 | $402 | $52,500 |
| 2021 | $324 | $21,000 |
| 2020 | $338 | $21,000 |
| 2019 | $324 | $21,000 |
| 2018 | $338 | $19,800 |
| 2017 | $328 | $18,000 |
| 2016 | $306 | $18,000 |
| 2015 | $260 | $15,000 |
| 2014 | $260 | $15,000 |
| 2013 | $246 | $15,000 |
| 2012 | $456 | $30,000 |
| 2011 | $540 | $35,200 |
| 2010 | $720 | $51,000 |
| 2009 | $592 | $41,600 |
| 2008 | $404 | $32,200 |
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