8316 216th St N Forest Lake, MN 55025

3 beds · 3 baths · 2,562 sq ft · Lot Size: 20,549 sq ft · Single Family Home
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8316 216th St N is in the 55025 neighborhood of Forest Lake, MN. It is located in Washington County and ZIP code 55025. This Single Family Home was built in 1977 and is approximately 48 years old. The single family home spans 2562 sq ft with 3 bedrooms and 3 bathrooms and sits on a 20549 sq ft lot. According to public records, it was last sold in 2013 for $260,000. Analyze and compare real estate investment strategies for properties like this home at 8316 216th St N Forest Lake, MN 55025 with Property Intel by Whitepages.

Investment Potential for 8316 216th St N

The property has a current estimated value of $418,804, which is 21% above the zip median, based on public records. It last sold on February 26, 2013 for $260K. Projected long-term
is $30,000 annually ($2,500 per month) with a 95% occupancy rate.

Long-Term

Gross Rental
$30,000 per year($2,500 per month)
Net Operating Income
Cap Rate
Occupancy Rate
95%in 55025 zip code
 
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Owners & Occupancy for 8316 216th St N

This property is owned by Sheila A Sullivan. Owner contact information includes 6 phone numbers and 4 email addresses.

Property Owners

OccupationAsset Protection Coordinator, Nordstrom
Cell Phone(717) ***-****
Residence**************
Landline(717) 939-5922+ 2 more
Distance from Property**********
Email Address***************@comcast.net

Property Ownership Information

Purchase DateFebruary 26, 2013
Property Tax Amount$4,028 in 2024
Purchase Price$260,000

Occupancy

Resident 1**************** age 90
Resident 2********************* age 66

Property Details for 8316 216th St N

Property Details

Property Sq Ft

Living Area

2,562 sq ft

Compare to 55025

Lot Size

20,549 sq ft

Compare to 55025

Price Per Sq Ft

Living Area

$163 / sq ft

Compare to 55025

Lot Size Area

$20 / sq ft

Compare to 55025
Property condition, age, exterior, etc. for 8316 216th…
Longitude: -92.936378 Latitude: 45.262533 Parcel Number (APN): 1403221230010…
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Market Benchmarks

Compare data for 8316 216th St N in Washington County to the median in the zip code area and surrounding markets, where available.
View zip code benchmarks
Property
State
Difference
$418,804
$305,435
$113,369 (37%)
$381,572
$105,803 (28%)
YoY Price Change
2%
-150%
Year Built
1977
1972
5 years
Living Space
2,562 sq ft
1,643 sq ft
919 (56%)
$ Per Living Sq Ft
$163
$186
-$23 (-12%)
Lot Size
20,549 sq ft
11,701 sq ft
8848 (76%)
$ Per Lot Sq Ft
$20
$29
-$9 (-31%)

Net Operating Income
$16,980
$1,935 (11%)
Annual Revenue
$30,000
$25,800
$4,200 (16%)
$8,580
$2,505 (29%)
Net Operating Income
$16,980
$1,935 (11%)
Cap Rate
5.27%
Home Value Comparison: Property vs. Local and Regional 3-Bed Single Family Home Medians