Closed

$80,000

29388 Lazy Loop, Underwood, MN 56586

3beds

1,626sqft

Single Family Residence

Built in 1950

4.62 Acres Lot

$81,000 Zestimate^®

$49/sqft

$1,734 Estimated rent

Home value

$81,000

$56,000 - $118,000

$1,734/mo

Zestimate^® history

Owner options

List your home for rent

$1,734/mo

Rent Zestimate^®

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$1,734/mo

Rent Zestimate^®

Refinance and save

$390/mo

Est. payment

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$390/mo

Est. payment

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What's special

Riverfront propertyExisting structureGenerous lot

Calling all investors, builders, and dreamers! This rare riverfront property offers a once-in-a-lifetime opportunity to own a piece of paradise right on the water. Nestled on a generous lot along the Ottertail River, this home is ready for your vision. The existing structure is in need of significant repair or possibly a full renovation. Whether you're looking to restore its former charm or start fresh with a new build, the bones and location are here.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 1
Full bathrooms: 1

Heating

Forced Air

Cooling

None

Features

Basement: Block
Number of fireplaces: 1

Interior area

Total structure area: 1,626
Total interior livable area: 1,626 sqft
Finished area above ground: 1,626
Finished area below ground: 0

Property

Parking

Parking features: Gravel

Accessibility

Accessibility features: None

Features

Levels: One
Stories: 1
Waterfront features: River Front

Lot

Size: 4.62 Acres
Dimensions: 486 x 712 x 520 x 98

Details

Foundation area: 1626
Parcel number: 38000290225000
Zoning description: Residential-Single Family

Construction

Type & style

Home type: SingleFamily
Property subtype: Single Family Residence

Condition

New construction: No
Year built: 1950

Utilities & green energy

Gas: Other
Sewer: Tank with Drainage Field
Water: Well

Community & neighborhood

Location

Region: Underwood

HOA & financial

HOA

Has HOA: No

Price history

Date	Event	Price
9/22/2025	Sold	$80,000-19.9%$49/sqft
Source: NorthstarMLS as distributed by MLS GRID #6767967 Report a problem
9/19/2025	Pending sale	$99,900$61/sqft
Source: NorthstarMLS as distributed by MLS GRID #6767967 Report a problem
9/15/2025	Listing removed	$99,900$61/sqft
Source: NorthstarMLS as distributed by MLS GRID #6767967 Report a problem
8/7/2025	Listed for sale	$99,900$61/sqft
Source: NorthstarMLS as distributed by MLS GRID #6767967 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$1,917 +13.4%	$296,600 +5.5%
2024	$1,690 +58.8%	$281,200 +78.2%
2023	$1,064 +1420%	$157,800
2022	$70	$157,800
2021	--	--
2020	--	$157,800 +6.5%
2018	$977 -23.7%	$148,200 +4.3%
2017	$1,280 +21.7%	$142,100 -0.2%
2016	$1,052	$142,400
2015	$1,052 +5.2%	--
2014	$1,000	$141,700
2013	--	--
2012	--	--
2011	$888 +0.5%	--
2010	$884	--