345 Lake Dr Winsted, MN 55395

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2 beds · 2 baths · 1,322 sq ft · Lot Size: 2,268 sq ft · Single Family Home
Est. Property Value: $251,420
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345 Lake Dr is in the 55395 neighborhood of Winsted, MN. It is located in McLeod County and ZIP code 55395. This Single Family Home was built in 2005 and is approximately 20 years old. The single family home spans 1322 sq ft with 2 bedrooms and 2 bathrooms and sits on a 2268 sq ft lot. According to public records, it was last sold in 2024 for $226,000 and has a tax-assessed value of $217,200, which is $190 per sq ft. Analyze and compare real estate investment strategies for properties like this home at 345 Lake Dr Winsted, MN 55395 with Property Intel by Whitepages.

345 Lake Dr

Winsted, MN 55395

Owner Info

Owners & Occupancy for 345 Lake Dr

This property is owned by Sara J Herbranson. Owner contact information includes 5 phone numbers and 2 email addresses.

Property Owners

OccupationTraining Coordinator, Tyco Electronics
Cell Phone(952) ***-****View Cell Phone
Residence***********
Landline(952) 467-2626
Distance from Property**********
Email Address*******@yahoo.comView Email

Occupancy

Current Occupancy*****View Occupancy
Resident 1***************** age 52
Resident 2************* age 49
Resident 3************ age 81
Resident 4*************

Property Financials for 345 Lake Dr

345 Lake Dr, Winsted, MN has no known mortgage. The McLeod county assessment for 2023 values it at $217,200, with annual taxes of $3,110.

Property Tax

Purchase DateMay 17, 2024
Property Tax Amount$3,110 in 2024
Purchase Price$226,000
Assessed Value$217,200 on 2023

Investment Potential for 345 Lake Dr

The property has a current estimated value of $251,420, which is 19% above the zip median, based on public records. It last sold on May 17, 2024 for $226K. Projected long-term
is $27,600 annually ($2,300 per month) with a 91% occupancy rate.

Discover more Single Family Homes in 55395.

Long-Term

Gross Rental
$27,600 per year($2,300 per month)
Net Operating Income
Cap Rate
Occupancy Rate
91%in 55395 zip code
 
View Rental Potential

Property Details for 345 Lake Dr

Property Details

Property Sq Ft

Living Area

1,322 sq ft

2% below market

Lot Size

2,268 sq ft

76% below market

Price Per Sq Ft

Living Area

$190 / sq ft

37% above market

Lot Size Area

$111 / sq ft

449% above market

Property condition, age, exterior, etc. for 345 Lake D…
Longitude: -94.030233 Latitude: 44.967303 Parcel Number (APN): 21.123.0110…

Recommended Properties in 55395

Discover more single family homes near 345 Lake Dr in Winsted, Minnesota. Get property details like ownership length, owner age, and occupancy status to help you find the best real estate opportunities in this neighborhood.

Market Benchmarks

Compare data for 345 Lake Dr in McLeod County to the median in the zip code area and surrounding markets, where available.
View zip code benchmarks
Property
State
Difference
$251,420
$247,775
$3,645 (1%)
YoY Price Change
Year Built
2005
1975
30 years
Living Space
1,322 sq ft
1,258 sq ft
64 (5%)
$ Per Living Sq Ft
$190
$190
$0 (0%)
Lot Size
2,268 sq ft
8,712 sq ft
-6444 (-74%)
$ Per Lot Sq Ft
$111
$26
$85 (331%)

Net Operating Income
$18,185
$774 (4%)
Annual Revenue
$27,600
$26,400
$1,200 (5%)
$8,177
$464 (6%)
Net Operating Income
$18,185
$774 (4%)
Cap Rate
7.21%
Home Value Comparison: Property vs. Local and Regional 2-Bed Single Family Home Medians

Find More Housing Markets Near Winsted