Opportunities like this don’t come around often—set on a fabulous .54 acre corner lot with beautiful views of Medicine Lake, this Plymouth property offers an incredible setting paired with endless potential. Just down the street from the lake, Medicine Lake Regional Trail, parks, and a beach area, the location invites an active, outdoor lifestyle, while the view across the street of mature trees adds to the peaceful, tucked-away feel. The yard is highlighted by gorgeous mature lilac bushes and additional space to enjoy or expand, plus a convenient exterior storage shed. A 2-car attached garage includes dedicated workshop space, adding flexibility for hobbies or storage. Inside, all living facilities are on the same level, complemented by a 3-zone hot water heating system for comfort and efficiency. The home retains charming vintage details, including original tile in the bathroom and foyer. The spacious layout features 4 bedrooms (2 up, 2 down) and 3 bathrooms, including a huge primary suite with double closets, large windows that flood the space with natural light, serene lake views, and a private ensuite bath. The oversized sunken living room is a standout, offering deck access and incredible views of Medicine Lake, while the dining room flows seamlessly between the kitchen and living space—great for everyday living and entertaining. The lower level expands the living space with a family room, two additional bedrooms, a bathroom, storage, and direct access to the garage. Well-maintained and exceptionally clean, this home offers solid bones and a rare opportunity to bring your vision to life. With the right updates, it could easily transform into a stunning modern home in one of Plymouth’s most desirable lake adjacent settings.

Date	Event	Price
6/3/2026	Sold	$385,000-1.3%$165/sqft
Source: NorthstarMLS as distributed by MLS GRID #7038207 Report a problem
5/9/2026	Pending sale	$389,900$167/sqft
Source: NorthstarMLS as distributed by MLS GRID #7038207 Report a problem
4/9/2026	Listed for sale	$389,900$167/sqft
Source: NorthstarMLS as distributed by MLS GRID #7038207 Report a problem

Year	Property taxes	Tax assessment
2025	$4,126 -0.8%	$391,800 +8.3%
2024	$4,161 +4.8%	$361,700 -2.3%
2023	$3,968 +8.9%	$370,200 +4.3%
2022	$3,643 +5.6%	$355,000 +16.8%
2021	$3,449 +3.3%	$304,000 +5.2%
2020	$3,338 -3.2%	$289,000 +6.6%
2019	$3,449 +3.3%	$271,000
2018	$3,338 +4.2%	$271,000 +11.1%
2017	$3,205 +0.1%	$244,000
2016	$3,203 -5.5%	$244,000 +0%
2015	$3,388 -1%	$243,900 -3.3%
2014	$3,422 +4%	$252,300 +10.3%
2013	$3,290 -9.4%	$228,700 -10.7%
2012	$3,633 -0.2%	$256,000 -3.9%
2011	$3,642 +4.8%	$266,400 -4%
2010	$3,476 -1.6%	$277,500 -4.3%
2009	$3,534 +12.6%	$290,100 +6%
2006	$3,139 +6.3%	$273,600 +8.7%
2005	$2,953 +7.7%	$251,600 +15%
2004	$2,743 +14.2%	$218,800 +12%
2002	$2,402 -48.5%	$195,400
2001	$4,667	--

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2420 Lancaster Ln N, Plymouth, MN 55441

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