407 Lake Avenue

Park Rapids, MN
$ 224,900 Beds 4 Baths 1.5 Sq 1,836
Monthly Estimate* How much can I afford?

This 4BR 2 Bath home on a beautiful corner lot is just waiting for your family to enjoy. Close to downtown and all that Park Rapids has to offer. Partially fenced in for your children to play in or your pets to exercise in. Detached Pole Building serves as an oversized garage that easily accommodates two vehicles and extra storage or woodworking room. Single oversized door with garage door opener. The lower level of the home is just waiting to be totally finished into additional living space. You will love the storage room with all of its built- in shelving. The bonus room enjoys Commercial Preferred zoning perfect for an at home business or use it for a family room or play room. Even has a chicken coup and a firepit for those smores needs! Don't miss out on this home!

Single Family

  • Price
  • $ 224,900
  • City
  • Park Rapids
  • Bedrooms
  • 4
  • Full Bathrooms
  • 1
  • County
  • HUBBARD
  • Half Bathrooms
  • 1
  • Area
  • Mckinleys Add
  • Lot Size
  • 0.42 Acres
  • Zip
  • 56470
  • Sqr Footage
  • 1,836
  • Year Built
  • 1977
  • Taxes
  • $ 2784
  • Style
  • Single Family
  • MLS#
  • 7091979
Listed By: Edina Realty, Inc.
Data Source: Northstar MLS (NSTAR)

Features

General

Living Area 1836
Sewer City Sewer/Connected
Heating Forced Air
Cooling Central Air
Roof Age Over 8 Years,Asphalt
Appliances Dishwasher,Electric Water Heater,Exhaust Fan,Microwave,Range,Refrigerator
Garage Spaces 2
Construction Materials Block
Year Built 1977
Electric Circuit Breakers
Levels One
Property Subtype Single Family
Tax Year 2026
Accessibility None
County Hubbard
New Construction No
Property Type Residential
HOA No
Contingency None
Subdivision Name Mckinleys Add
Other Structures Hen House,Pole Building
Full Baths 1
Directions From Hwys 71 & 34 in Park Rapids,go north on Hwy 71. Turn left on Pearle Street. Property is on the corner of Pearle Street and Lake Street.
City Park Rapids
High School District Park Rapids
Zoning Description Business/Commercial,Residential-Single Family
Lot Size Units Acres
Property Attached Y/N No
Land Lease Y/N No
Tax Annual Amount 2784
Additional Parcels Y/N No
Standard Status Active
Lender Owned No
Amenities Unit Cable,Ceiling Fan(s),Deck,Kitchen Center Island,Kitchen Window,Main Floor Primary Bedroom,Porch,Washer/Dryer Hookup
PostalCity Park Rapids

Interior Features

Basement Block,Daylight/Lookout Windows
Basement (Y/N) Yes
Fireplace Y/N No
Above Grade Finished Area 1536
Half Baths 1
Laundry Features Gas Dryer Hookup,Laundry Room,Main Level,Washer Hookup
Total Bedrooms 4
Below Grade Finished Area 300
Total Baths 2
Bath Desc Full Basement,Main Floor Full Bath,Other
Dining Room Description Informal Dining Room
Foundation Dimensions 24 x 50
Fuel Natural Gas
Garage Dimensions 28' x 30'
Garage Door Width 8
Garage Square Feet 840

Exterior Features

Fencing Chain Link
Parking Features Detached Garage,Asphalt,Electric,Garage Door Opener
Lot Features Corner Lot,Irregular Lot,Tree Coverage - Medium,Underground Utilities
Water Source City Water/Connected
Lot Size Area 0.42
Building Area Total 2736
Lot Dimensions 150' x 134' IRREG
Waterfront Y/N No
Foundation Area 1200
Road Frontage Type City Street

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Faribault, MN office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

6/12/2026 Listed $239,900
6/26/2026 5% - $229,900
8/17/2026 3% - $224,900

Property vs Zip Code Average in 56470

Price
AVG $610K
$220K
Taxes
AVG $3,379
$2,784
Year Built
AVG 1982
1977
Visits
AVG 85
83
Data Provided by Inside Real Estate®

407 Lake Avenue Park Rapids, MN is a Single Family Home for sale at $224900 with 1836 sqft and a lot size of 0.42 Acres Acre(s). 407 Lake Avenue Park Rapids has 4 bedrooms, 1 baths and was built in 1977. The property's zip code is 56470 which is in Park Rapids, MN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.