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  • $580,000

    31789 Lakeway Dr NE, Cambridge, MN 55008

    4beds
    3,952sqft
    Single Family
    Built in 1995
    1 Acres Lot
    $580,300 Zestimate®
    $147/sqft
    $3,640 Estimated rent

    Home value

    $580,300

    $545,000 - $615,000

    $3,640/mo

    Zestimate® history
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    What's special

    Tucked into a wonderful established neighborhood near the middle school and just minutes from town, this spacious home offers the peaceful feeling of country living with the convenience of nearby amenities. Enjoy relaxing mornings on the charming front porch and evenings on the backyard deck with a roll out awning.  Designed with both everyday living and entertaining in mind, this home offers generous gathering spaces inside and out including a formal dining room, inviting main level living spaces and a walkout lower level. Natural light streams throughout the home highlighting the updated flooring completed within the last three years. Major updates include a new roof in 2022 along with a new furnace (2025), central air conditioning (2025)  and an air-to-air exchanger (2026). The upper level features a thoughtfully designed layout with a Jack and Jill bathroom connecting two bedrooms, a spacious primary suite with a full bathroom and a laundry room conveniently located nearby. A standout feature of the home is the private upper level in-law suite above the garage offering its own kitchen, living room, bedroom, 3/4 bathroom and a gas fireplace that comfortably heats the suite. The lower level includes a spacious family room with an electric fireplace, a craft (flex) room, a 3/4 bath and a freshly painted office. Outside, enjoy beautifully maintained perennial gardens with hostas, peonies, hydrangeas, lilacs, iris and two apple trees along with an in-ground sprinkler system, backyard waterfall feature and front yard fountain. The heated workshop behind the garage is perfect for woodworking, hobbies or extra workspace and the 144 square foot storage shed provides excellent room for gardening tools and outdoor storage.  Welcome Home!

    Zillow last checked:

    Listing updated:

    Listed by:

    Michelle Lundeen 763-300-2728,

    RE/MAX RESULTS

    Bought with:

    Jerome S Moscowitz

    RE/MAX Results

    Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7038117MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 5
    • Full bathrooms: 2
    • 3/4 bathrooms: 2
    • 1/2 bathrooms: 1
    Bedroom
    • Level: Upper
    • Area: 252 Square Feet
    • Dimensions: 12x21
    Bedroom 2
    • Level: Upper
    • Area: 165 Square Feet
    • Dimensions: 15x11
    Bedroom 3
    • Level: Upper
    • Area: 130 Square Feet
    • Dimensions: 13x10
    Bedroom 4
    • Level: Upper
    • Area: 140 Square Feet
    • Dimensions: 14x10
    Deck
    • Level: Upper
    • Area: 407 Square Feet
    • Dimensions: 37x11
    Deck
    • Level: Upper
    • Area: 300 Square Feet
    • Dimensions: 25x12
    Dining room
    • Level: Main
    • Area: 143 Square Feet
    • Dimensions: 11x13
    Family room
    • Level: Upper
    • Area: 132 Square Feet
    • Dimensions: 12x11
    Flex room
    • Level: Lower
    • Area: 182 Square Feet
    • Dimensions: 14x13
    Foyer
    • Level: Main
    • Area: 100 Square Feet
    • Dimensions: 10x10
    Kitchen
    • Level: Main
    • Area: 182 Square Feet
    • Dimensions: 14x13
    Kitchen 2nd
    • Level: Upper
    • Area: 312 Square Feet
    • Dimensions: 24x13
    Laundry
    • Level: Upper
    • Area: 25 Square Feet
    • Dimensions: 5x5
    Living room
    • Level: Main
    • Area: 299 Square Feet
    • Dimensions: 23x13
    Office
    • Level: Lower
    • Area: 91 Square Feet
    • Dimensions: 7x13
    Porch
    • Level: Main
    • Area: 420 Square Feet
    • Dimensions: 28x15
    Recreation room
    • Level: Lower
    • Area: 377 Square Feet
    • Dimensions: 29x13
    Sitting room
    • Level: Main
    • Area: 143 Square Feet
    • Dimensions: 11x13
    Heating
    • Forced Air, Fireplace(s)
    Cooling
    • Central Air
    Appliances
    • Included: Air-To-Air Exchanger, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Freezer, Water Filtration System, Microwave, Range, Refrigerator, Stainless Steel Appliance(s), Washer, Water Softener Owned
    • Laundry: Electric Dryer Hookup, Laundry Room, Upper Level, Washer Hookup
    Features
    • Basement: Block,Daylight,Drain Tiled,Full,Storage Space,Sump Basket,Walk-Out Access
    • Number of fireplaces: 2
    • Fireplace features: Circulating, Electric, Family Room, Gas, Living Room, Stone
    Interior area
    • Total structure area: 4,092
    • Total interior livable area: 3,952 sqft
    • Finished area above ground: 3,051
    • Finished area below ground: 901

    Property

    Parking
    • Total spaces: 3
    • Parking features: Attached, Asphalt, Garage Door Opener, Insulated Garage, Storage, Tuckunder Garage
    • Attached garage spaces: 3
    • Has uncovered spaces: Yes
    • Details: Garage Dimensions (35x21)
    Accessibility
    • Accessibility features: None
    Features
    • Levels: Two
    • Stories: 2
    • Patio & porch: Awning(s), Composite Decking, Covered, Deck, Front Porch, Patio, Wrap Around
    • Exterior features: Kennel/Dog Run
    • Has view: Yes
    • View description: Panoramic, South
    • Waterfront features: Channel Shore, Lake Bottom(Reeds, Undeveloped, Wetland)
    • Frontage length: Water Frontage: 163
    Lot
    • Size: 1 Acres
    • Dimensions: 139 x 517 x 163 x 523
    • Features: Tree Coverage - Medium
    Details
    • Additional structures: Storage Shed
    • Foundation area: 1121
    • Parcel number: 050690170
    • Zoning description: Residential-Single Family
    • Other equipment: Fuel Tank - Rented

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family
    Materials
    • Block, Frame
    • Roof: Age 8 Years or Less,Architectural Shingle,Pitched
    Condition
    • New construction: No
    • Year built: 1995

    Utilities & green energy

    • Electric: Circuit Breakers, 200+ Amp Service
    • Gas: Propane
    • Sewer: Mound Septic, Private Sewer
    • Water: Well

    Community & HOA

    Community
    • Subdivision: Lakeway 2nd Add
    HOA
    • Has HOA: No
    Location
    • Region: Cambridge

    Financial & listing details

    • Price per square foot: $147/sqft
    • Tax assessed value: $544,000
    • Annual tax amount: $5,444
    • Date on market: 5/19/2026
    • Cumulative days on market: 12 days
    • Road surface type: Paved

    Price history

    DateEventPrice
    7/23/2026Sold$580,000-0.9%$147/sqft
    Source: NorthstarMLS as distributed by MLS GRID #7038117 Report a problem
    6/2/2026Pending sale$585,000$148/sqft
    Source: NorthstarMLS as distributed by MLS GRID #7038117 Report a problem
    5/21/2026Listed for sale$585,000+6782.4%$148/sqft
    Source: NorthstarMLS as distributed by MLS GRID #7038117 Report a problem
    3/16/1995Sold$8,500$2/sqft
    Source: Agent Provided Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$5,444 +0.9%$541,000 +1.8%
    2024$5,398 +12.2%$531,500
    2023$4,812 -1%$531,500 +18.1%
    2022$4,860 +1.9%$450,200
    2021$4,770 --
    2020-- --
    2019$4,722 $397,100 +18.8%
    2018$4,722 +3.7%$334,200
    2016$4,554 +9.9%--
    2015$4,142 --
    2014$4,142 +6.5%--
    2013$3,888 --
    2012-- --
    2011-- --
    2009$3,270 +1.9%$352,000 +3.1%
    2008$3,210 $341,500
    Find assessor info on the county website

    Neighborhood: 55008

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $580,300
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    Estimated market value
    $580,300