East Lost Lake living with everything you could ask for! A deep, level lot with a nice sandy beach/play area. When the sellers purchased this property in 2015, they took the cabin down to the studs. All new wiring, new plumbing, insulation, sheetrock, new bathroom, new kitchen, new windows, new siding. Everything updated! Then in 2017 they added an 18'x22' covered patio with a vaulted wood ceiling. It's a perfect place to enjoy the lakeview and the gorgeous sunsets. New shingles on home in 2018 with all new rain gutters with leaf guards. In 2019 a major project! Not just a garage, but a 24' x 48' shouse. Insulated, sheetrocked with 2 bedrooms and a 3/4 bath. They have used the remaining finished area as a family room/game room/kitchenette and there is still room for a vehicle or two. When the garage door is up there is a custom pull down screen door that keeps the bugs out! At the top of it all is a 10' x 48' loft that can be used as a family room, office space or additional sleeping space. A fish house was converted into a Tiki Bar. This fun addition is a family favorite for enjoying a cold beverage or just chilling out. East Lost Lake connects to Deer Lake and also the Otter Tail River so you can enjoy lots of water/lake time. This is a move-in ready, unique lake place.
Closed
Zestimate®
$555,000
27431 340th Ave, Underwood, MN 56586
4beds
1,856sqft
Single Family
Built in 1935
0.52 Acres Lot
$555,000 Zestimate®
$299/sqft
$1,763 Estimated rent
Home value
$555,000
$522,000 - $594,000
$1,763/mo
Zestimate® history
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List your homeWhat's special
New shingles on homeDeep level lot
Zillow last checked:
Listing updated:
Listed by:
Karen Zell Verhelst 218-731-6836,
Trilogy Real Estate
Bought with:
Karen Zell Verhelst
Trilogy Real Estate
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7070295
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- 3/4 bathrooms: 2
Bedroom
- Level: Main
Bedroom 2
- Level: Main
Bedroom 3
- Level: Main
Bedroom 4
- Level: Main
Other
- Level: Main
Kitchen
- Level: Main
Living room
- Level: Main
Patio
- Level: Main
Heating
- Baseboard, Space Heater
Cooling
- Ductless Mini-Split, Window Unit(s)
Appliances
- Included: Electric Water Heater, Range, Refrigerator, Water Softener Rented
- Laundry: Main Level
Features
- Basement: None
- Has fireplace: No
Interior area
- Total structure area: 1,856
- Total interior livable area: 1,856 sqft
- Finished area above ground: 1,856
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: Gravel, Floor Drain, Garage, Garage Door Opener, Heated Garage
- Garage spaces: 2
- Has uncovered spaces: Yes
- Details: Garage Dimensions (24x24), Garage Door Width (22)
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered
- Pool features: None
- Has view: Yes
- View description: West
- Waterfront features: Lake Front, Waterfront Elevation(0-4), Lake Bottom(Hard, Sand)
- Frontage length: Water Frontage: 50
Lot
- Size: 0.52 Acres
- Dimensions: 50 x 400
- Features: Accessible Shoreline, Tree Coverage - Light
Details
- Additional structures: Other, Storage Shed
- Foundation area: 1376
- Parcel number: 57000010007003
- Zoning description: Residential-Single Family
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family
Materials
- Frame
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1935
Utilities & green energy
- Electric: Circuit Breakers
- Gas: Electric
- Sewer: Septic System Compliant - Yes, Tank with Drainage Field
- Water: Drilled
Community & HOA
HOA
- Has HOA: No
Location
- Region: Underwood
Financial & listing details
- Price per square foot: $299/sqft
- Tax assessed value: $261,800
- Annual tax amount: $1,775
- Date on market: 5/8/2026
- Cumulative days on market: 40 days
- Road surface type: Unimproved
Price history
| Date | Event | Price |
|---|---|---|
| 6/29/2026 | Sold | $555,000-1.8%$299/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #7070295 Report a problem | ||
| 6/17/2026 | Pending sale | $565,000$304/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7070295 Report a problem | ||
| 5/8/2026 | Listed for sale | $565,000+243.5%$304/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7070295 Report a problem | ||
| 4/15/2015 | Sold | $164,500-2.9%$89/sqft |
Source:  Lake Superior Area Realtors as distributed by MLS GRID #2234864 Report a problem | ||
| 9/19/2014 | Listed for sale | $169,500$91/sqft |
Source: Keller Williams Realty Professionals #20-13887 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,599 -6.1% | $261,800 +15.6% |
| 2024 | $1,702 +17.5% | $226,400 +28.1% |
| 2023 | $1,448 -9.4% | $176,800 +5.2% |
| 2022 | $1,598 +48.8% | $168,100 |
| 2021 | $1,074 -4.6% | -- |
| 2020 | $1,126 +3.8% | $119,100 +3.5% |
| 2018 | $1,085 -8.1% | $115,100 +6.5% |
| 2017 | $1,180 +1.5% | $108,100 -0.8% |
| 2016 | $1,162 | $109,000 |
| 2015 | $1,162 +7.8% | -- |
| 2014 | $1,078 | $102,700 |
| 2013 | -- | -- |
| 2012 | -- | -- |
| 2011 | $1,130 +0.2% | -- |
| 2010 | $1,128 | -- |
Find assessor info on the county website
Neighborhood: 56586
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Nearby schools
GreatSchools rating
- 7/10Underwood Elementary SchoolGrades: PK-6Distance: 7 mi
- 8/10Underwood SecondaryGrades: 5-12Distance: 7 mi
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- Minnesota
- Otter Tail County
- Underwood
- 56586
- 27431 340th Ave
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