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2320 Lake Ave NE, Bemidji, MN, 56601

3beds
2baths
1,544sqft
$270,000
$175price/sqft
$1,946/moest. monthly cost
$77,840/yrincome needed

About This Home

Cute as a bug's ear and move-in ready! This charming 3-bedroom, 1.75-bath home sits on a beautiful, lightly wooded 2-acre lot (247 x 300) in a fantastic location right next to the Paul Bunyan Trail — step out your door and onto miles of biking, walking, and snowmobiling. Inside you'll find 1,536 finished square feet of comfortable living space, including a remodeled hickory kitchen, an informal dining area, hardwood floors, and a full, partially finished basement for extra room to spread out. The kitchen comes complete with refrigerator, range, microwave, and dishwasher. This is a solidly built older home — the kind they don't make anymore — with a brand-new roof (replaced in 2025) for years of worry-free ownership. Stay comfortable year-round with central air and forced-air natural gas heat, plus an updated furnace and water heater. Additional features include an owned water softener, washer/dryer hookups, a deck and patio for enjoying the outdoors, and a spacious detached 3-car garage (1,120 sq ft) with garage door opener. Set on a private well and septic, with light tree coverage and a single-level main floor, this well-kept home in the Bemidji school district is truly ready for its next owners. Currently tenant-occupied — available for move-in July 1st. Homes on acreage this close to the trail don't last long here — message me for details or to schedule a showing! For sale by owner. Serious inquiries welcome.

Getting Around

3
WalkingCar-Dependent
0
TransitVery Limited Transit
57
BikeBikeable

Schools

9/10
Lincoln Elementary SchoolGrades PK-31.3 mi
6/10
Bemidji Middle SchoolGrades 6-83.6 mi
6/10

Construction

Condition

  • Year built: 1950

Materials

  • Roof: Asphalt
  • Construction materials: Frame

Type & Style

  • Home type: SingleFamily

Interior

Appliances

  • Appliances included: Dishwasher,Dryer,Range / Oven,Refrigerator,Washer

Basement

  • Basement: Finished

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 2
  • Full bathrooms: 1
  • 3/4 bathrooms: 1

Heating & Cooling

  • Heating features: Baseboard,Forced air,Electric,Gas
  • Cooling features: Central

Interior Area

  • Total interior livable area: 1,544 sqft

Property

Details

  • Parcel number: 800005500

Features

  • Exterior features: Vinyl,Wood

Lot

  • Lot size: 2 Acres

Parking

  • Total spaces: 3
  • Parking features: Garage - Detached

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Inland Flooding
    Inland FloodingModerate
  • Strong Wind
    Strong WindModerate

How This Home’s Risks Compare

Cold Wave
Winter Weather
Inland Flooding
Strong Wind

FEMA Declared Disasters in Beltrami County and Minnesota

Flood
Severe Storm
Straight Line Winds

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,365$16,380
Home Insurance *$175$2,100
Property Taxes $236$2,832
Electricity $170$2,050
Total$1,946$23,352
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$66,720/yr
40% on housing$58,380/yr
45% on housing$51,893/yr

Minnesota FAIR Plan Programs

Minnesota FAIR Plan

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 4,160Commercial: 101
Total Premiums$4.54M
Total Exposure$457.44M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 12.2%
12.2%
0%30.0%
Electricity Growth Rate10-year average: 2.7%
2.7%
0%15.0%
Property Taxes Growth Rate2-year average: 1.2%
1.2%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$175This listing

vs Other Active Listings

Avg $/sqft

ZIP 56601$158
Beltrami County$155

vs Homes Sold Last Month

Median $/sqft

ZIP 56601$160
Beltrami County$158

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-05-25Listed for sale$270,000
2024-06-05Sold$240,000
2024-04-12Pending sale$245,000
2024-03-18Listed for sale$245,000
2020-06-17Sold$154,000
2020-05-11Pending sale$154,900
2020-05-06Listed for sale$154,900
2018-12-14Sold$149,700
2018-11-14Pending sale$152,500
2018-10-26Listed for sale$152,500
2008-11-10Sold$102,000

For Sale by Owner

AgentProperty Owner

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