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$59,900 Just Listed

  • For Sale
  • Active
  • Single Family
  • 3 Beds
  • 1 Full Bath
  • 1,170 Sq. Ft.
  • 2 Car Garage
  • Updated 2 days ago
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Fantastic investment opportunity! This property offers incredible potential for those looking to add value and make it their own, whether as a primary residence or rental. The exterior boasts low-maintenance vinyl siding, a spacious 24x28 detached garage, and a fully fenced private yard-ideal for entertaining or pets. Inside, the home is ready for your personal touch, with a well-designed main floor layout that includes the living room, dining room, kitchen, and laundry room. A main floor bedroom and full bathroom provide convenience, while built-in storage in the hallway ensures ample storage space. The side entry also offers extra storage. Upstairs features two generously sized bedrooms. The basement is an old-style cellar with exterior access, housing all utilities. This property is being sold AS IS and offers endless possibilities for renovation and improvement!

Full Property Details for 505 S Lake St

General

  • Price: $59,900
  • Taxes: $965 (2024)
  • Status: Active
  • Type: Single Family
  • Source: NorthStarMLS_RMLS
  • MLS ID: 6639982
  • Updated: 12/14/2024
  • Added to Site: 3 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 1
  • Full Bathrooms: 1

Bedrooms

  • Total Bedrooms: 3

Other Rooms

  • Dining Room: Separate Formal Dining Room
  • Formal Dining Room: Separate/Formal Dining Room

Additional Information

  • Amenities: Ceiling Fan(s), Main Floor Primary Bedroom

Parking

  • Garage: Yes
  • Attached garage: Yes
  • Garage Description: 24 x 28
  • Garage Spaces: 2
  • Parking Features: Attached Garage, Concrete

Location

  • County: Martin
  • Subdivision: Morgans Add
  • Driving Directions: Hwy 26 - turn south on Lake St. House on the left.

School Information

  • School District: 2448 - Martin County West
  • High School District: Martin County West

Heating & Cooling

  • Central air: Yes
  • Cooling Type: Central Air
  • Heating Type: Forced Air
  • Heating Fuel: Natural Gas

Utilities

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

Structural Information

  • Exterior Const.: Vinyl Siding
  • Basement: Yes
  • Basement Desc.: Partial, Stone/Rock, Unfinished
  • Foundation Size: 1110
  • Roof: Asphalt
  • Disability Access: None
  • Square Feet: 1,170
  • Above Ground: 1,170 Sq. Ft.
  • Below Ground: 120 Sq. Ft.
  • Finished Down/Base.: 1,290 Sq. Ft.
  • Year Built: 1910

Additional Structures

  • Other Structures: Lean-To

Lot Features

  • Lot Size (Acres): 0.26
  • Lot Dimensions: 75 x 150
  • Frontage: City Street, Curbs, Paved Streets, Sidewalks, Street Lights, Storm Sewer
  • Zoning: Residential-Single Family
  • Lot Description: Medium Tree Coverage
  • Fencing (Description): Full, Privacy, Wood

Financial Considerations

  • Tax Amount: $965
  • Tax Year: 2024

Disclosures and Reports

  • Legal Description: MORGANS ADDN. N1/2 OF LOT 7 & ALL OF 8 BLK 16
  • Property ID: 384500690

Listed by EXIT Realty - Great Plains

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— 505 S Lake St —

  • EXIT Realty - Great Plains

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NMLS#: 1598647

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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 505 S Lake St

School District:Martin County West School District
RatingNameGradesDistance
NR
Sherburn Elementary School
105 E 5th St, Sherburn, MN 56171
PK-20.7 mi
NR
Welcome Elementary School
105 E 5th St, Sherburn, MN 56171
PK-25.5 mi
7
Trimont Elementary School
77 Beech St W, Trimont, MN 56176
3-68.1 mi
6
Martin County West Senior High School
16 W 5th St, Sherburn, MN 56171
7-120.8 mi
4
Martin County West Junior High School
77 West Beech St, Trimont, MN 56176
7-88.1 mi
Disclaimer: School ratings provided by GreatSchools. Ratings are on a scale of 1-10. Learn more about GreatSchools ratings. School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 505 S Lake St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
12/13/2024
Listed
$59,900
322.75%
MLS
8/12/2009
Sold
$14,169
—
Public Record
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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 505 S Lake St

Year
Property Taxes
Change
Tax Assessment
Change
2023
$1,130
-9%
$67,600
15%
2022
$1,246
9%
$58,800
-11%
2021
$1,138
21%
$66,400
36%
2020
$940
—
$48,800
10%
2019
$940
-52%
$44,400
13%
2018
$1,962
106%
$39,400
2%
2017
$951
17%
$38,700
21%
2015
$810
—
$32,000
—
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 EXIT Realty - Great Plains

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505 S Lake Street, Sherburn, MN 56171 (MLS# 6639982) is a Single Family property with 3 bedrooms and 1 full bathroom. 505 S Lake Street is currently listed for $59,900 and was received on December 13, 2024. Want to learn more about 505 S Lake Street? Do you have questions about finding other Single Family real estate for sale in Sherburn? You can browse all Sherburn real estate or contact a Coldwell Banker agent to request more information.

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