616 Lake Street, Alexandria, MN 56308
3 Beds | 1 Bath | 1,346 Sq Ft | Single Family Home | MLS# 7138353
Is 616 Lake Street a Good Deal?
BuyPulse Verdict
Excellent Value
At $133/sqft — This home is priced 36% below the typical Alexandria single-family home of $208/sqft.
Powered by the Realgorithm™ — 85 active Alexandria listings · NorthstarMLS
$1,135/month Estimated
- Principal & interest
- $905
- Property taxes
- $114
- Home insurance (est.)
- $104
- Special assessments
- $12
- HOA dues
- None
20% down ($35,800) · 30-yr fixed, 6.5% · Can I afford this home?
Includes special assessments — the FM-metro cost most portals leave out. Estimates only; confirm before you offer.
Located in Kilbourns Add, Alexandria, MN.
About This Home
Welcome to your own space on Lake Street! This great home could be the most affordable, move-in ready, single-family home in Alexandria, MN currently on the market—and it offers an excellent opportunity for both homeowners and investors! Whether you're looking for an affordable place to call home or a great investment property, this one deserves a closer look. Ideally located in the heart of Alexandria, you'll be just minutes from restaurants, shopping, schools, and the local college, making this a convenient location for everyday living or a potential rental opportunity. And don't let the view from Lake Street fool you, for this space is much larger once you're inside. Boasting 3 bedrooms, a huge front living room, newer mechanicals with central air, and over 1,400 sq ft of living area, be sure not to hesitate on getting in to view this great space. The hardwood floors on the main level, along with the large, storage-filled kitchen, will lure you to spend more time at home. This home is full of windows on both levels, allowing for tons of natural light no matter where in the home you may be. Just outside, you'll find a one-and-a-half-car garage that is heavy on room, along with a back patio area for relaxing and gathering under the canopy of trees. With its convenient location, spacious layout, and potential as an investment property, this home offers plenty of possibilities. If this home fits what you've been looking for, schedule your showing immediately, for not doing so will make it someone else's soon!
BuyPulse™ — Live Market Read
Homes like this one — single-family homes between $134K and $224K in Alexandria:
- The field: 6 similar Alexandria homes for sale — a short list right now.
Powered by the Realgorithm™ — real Alexandria closings, zero guesses · NorthstarMLS
Key Features
- Built
- 1920
- Garage
- 1-Car Detached
- Style
- One
- HOA
- None
- Annual Taxes
- $1,371 (2026)
- Specials/yr
- $139
Property Details
- Property Type
- Single Family
- Above Grade Sq Ft
- 775
- Below Grade Sq Ft
- 571
- Lot Size
- 0.13 acres
- Basement
- Yes
- Roof
- Age Over 8 Years
- County
- Douglas
- List Date
- 2026-09-03
- Days on Market
- 39 days
- Parcel ID
- 631359000
Financial
- Total Tax incl. Assessments
- $1,510
- Specials Pending
- No
Home Systems & Utilities
- Heating
- Forced Air
- Cooling
- Central Air
- Electric
- Circuit Breakers, 100 Amp Service
- Water
- City Water/Connected
- Sewer
- City Sewer/Connected
- Appliances
- Dryer, Range, Refrigerator, Washer
Interior Features
- Laundry
- In Basement
Construction & Exterior
Construction & Structure
- Foundation Type
- Block
- Foundation Area
- 709 sqft
- Total Building Area
- 1,484 sqft
Exterior Features
- Exterior Features
- Fiber Board
- Pool
- Yes
- Fenced Area
- Yes
- Accessibility Features
- None
Parking & Garage
- Parking Features
- Detached Garage, Gravel
Lot & Land
- Road Surface
- City Street
- Zoning Description
- Residential-Single Family
Agent & Office
- List Office
- RE/MAX Results
Price History
Listed at $179,000 on Sep 3, 2026 — No price changes
616 Lake Street is listed in Alexandria, MN, part of Douglas County. Browse all Minnesota homes for sale on Modern Market REALTORS®.
Showing — 616 Lake Street
Associate Broker · Modern Market REALTORS®
Your Alexandria real estate expert since 2012 — I represent you, not the seller. Quick to respond, easy to text.
Listed by RE/MAX Results · Shown by Modern Market REALTORS®
First-Time Home Buyer Guide for Fargo-Moorhead — ND/MN buyer programs, budgeting, and the 7-step process.
View Full Listing & PhotosMLS# 7138353 · Data refreshed September 10, 2026
Similar Homes for Sale Near 616 Lake Street, Alexandria, MN
Frequently Asked Questions About 616 Lake Street
- Is $179,000 a good price for a home in Alexandria?
- According to BuyPulse, 616 Lake Street rates Excellent Value — at $133/sqft it's priced 36% below the typical Alexandria single-family home of $208/sqft. Powered by the Realgorithm™. Browse Alexandria homes for sale to compare.
- What are the special assessments at 616 Lake Street — and what do they mean?
- This property has $139/yr in annual special assessments, with no specials pending. Special assessments are separate from property taxes — they are charges levied by the city for infrastructure improvements like streets, water, sewer, and sidewalks. Annual property taxes are $1,371/yr. Always factor both into your total monthly housing cost before making an offer.
What special assessments cost in Fargo-Moorhead — live figures on every home for sale.
- Does 616 Lake Street have a basement?
- Yes, 616 Lake Street has a finished basement with 571 sq ft of below-grade space.
- What type of heating and cooling does 616 Lake Street have?
- 616 Lake Street has Forced Air heating and Central Air cooling.
- Where is 616 Lake Street located?
- 616 Lake Street is in the Kilbourns neighborhood of Alexandria, MN 56308, in Douglas County.
- Is 616 Lake Street still available?
- 616 Lake Street is currently pending. The seller may still accept backup offers — contact us to learn more.
- When was 616 Lake Street built?
- 616 Lake Street was built in 1920. It features a block foundation.
- Does 616 Lake Street have main-floor laundry?
- No — the laundry at 616 Lake Street is in the lower level.
- How many homes like 616 Lake Street are for sale in Alexandria?
- 6 similar homes (single-family homes between $134K and $224K in Alexandria) are for sale right now — a short list right now.
- What does "BuyPulse" mean?
- BuyPulse™ is Modern Market REALTORS®’ live market-data brand for Fargo-Moorhead: cohort statistics — homes for sale, median days to pending, and share of sales closing at or over list price — computed from real NorthstarMLS closings, not estimates.
- What does "Realgorithm™" mean?
- The Realgorithm™ is Modern Market REALTORS®’ proprietary market-data engine — it computes every BuyPulse verdict from real NorthstarMLS closings (comparable active inventory, median days to pending, and sale-to-list price ratio) rather than an automated online estimate.
Local Companies to Help You Settle In
From inspection to closing to moving day, here are well-known local companies serving the Alexandria area.
Listings courtesy of NorthstarMLS as distributed by MLS GRID
Based on information submitted to the MLS GRID as of 10/13/2026, 1:17 AM CDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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