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$49,000 -$11,000 (-18.33%) Price Reduced

  • For Sale
  • Active
  • Single Family
  • 2 Beds
  • 1 Full Bath
  • 880 Sq. Ft.
  • Updated 1 day ago
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Bring your finishing ideas to this 2 bedroom home and bring it back to its original beauty. Main floor laundry, main floor bathroom, decent size kitchen with a main floor bedroom and another bedroom up and a sitting area in the upper level as well, Home needs work. It does have a newer roof on. It has tons of potential hurry up and view this one today.

Full Property Details for 503 Lake Ave

General

  • Price: $49,000
  • Taxes: $894 (2024)
  • Status: Active
  • Type: Single Family
  • Source: NorthStarMLS_RMLS
  • MLS ID: 6793803
  • Updated: 1/14/2026
  • Added to Site: 115 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 1
  • Full Bathrooms: 1

Bedrooms

  • Total Bedrooms: 2

Other Rooms

  • Eat-in kitchen: Yes
  • Dining Room: Eat-In Kitchen
  • Formal Dining Room: Eat In Kitchen
  • Laundry: Main Level, Main Level

Additional Information

  • Amenities: Deck, Kitchen Window, Natural Woodwork, Other, Washer/Dryer Hookup

Exterior

  • Porch/Patio/Deck: Deck

Parking

  • Parking Features: Gravel

Location

  • County: Hubbard
  • Township: Park Rapids
  • Subdivision: Mckinleys Add
  • Driving Directions: Park Ave to Property

School Information

  • School District: 1384 - Park Rapids
  • High School District: Park Rapids

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Forced Air
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: City Sewer Connected
  • Water: City Water (Connected)

Structural Information

  • Exterior Const.: Frame
  • Basement: Yes
  • Basement Desc.: Block
  • Foundation Size: 200
  • Disability Access: None
  • Square Feet: 880
  • Above Ground: 880 Sq. Ft.
  • Below Ground: 200 Sq. Ft.
  • Year Built: 1914

Lot Features

  • Lot Size (Acres): 0.16
  • Lot Dimensions: 50 x 140
  • Zoning: Residential-Single Family
  • Lot Description: Light Tree Coverage

Financial Considerations

  • Tax Amount: $894
  • Tax Year: 2024
  • Terms: Cash

Disclosures and Reports

  • Legal Description: .16 AC PRC MCKINLEY'S ADD LOT 2 BLK 5
  • Property ID: 324702700

Listed by RE/MAX Results - Longville

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Listing agents

— 503 Lake Ave —

  • RE/MAX Results - Longville

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 503 Lake Ave

School District:Park Rapids Public School District
NameGradesDistance
Park Rapids Area Century Elementary School
501 Helten Avenue, Park Rapids, MN 56470
PK-40.5 mi
Park Rapids Area Century Middle School
501 Helten Avenue, Park Rapids, MN 56470
5-80.5 mi
Park Rapids Senior High School
401 Huntsinger Avenue, Park Rapids, MN 56470
9-120.2 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 503 Lake Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/14/2026
Price Reduced
$49,000
-18.33%
MLS
9/23/2025
Listed
$60,000
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 503 Lake Ave

Year
Property Taxes
Change
Tax Assessment
Change
2024
$868
27%
$46,400
-16%
2023
$684
-48%
$55,200
6%
2022
$1,317
96%
$52,100
36%
2021
$673
40%
$38,400
76%
2020
$480
3%
$21,800
7%
2020
$466
—
$20,300
4%
2018
$466
6%
$19,500
2%
2017
$440
—
$19,100
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by RE/MAX Results - Longville

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503 Lake Avenue, Park Rapids, MN 56470 (MLS# 6793803) is a Single Family property with 2 bedrooms and 1 full bathroom. 503 Lake Avenue is currently listed for $49,000 and was received on September 23, 2025. Want to learn more about 503 Lake Avenue? Do you have questions about finding other Single Family real estate for sale in Park Rapids? You can browse all Park Rapids real estate or contact a Coldwell Banker agent to request more information.

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