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!
Closed
$137,500
505 S Lake St, Sherburn, MN 56171
3beds
1,170sqft
Single Family Residence
Built in 1910
0.26 Acres Lot
$138,800 Zestimate®
$118/sqft
$1,119 Estimated rent
Home value
$138,800
Estimated sales range
Not available
$1,119/mo
Zestimate® history
Owner options
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$1,119/mo
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$692/mo
Est. payment
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$692/mo
Est. payment
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List your homeWhat's special
Fully fenced private yardOld-style cellarWell-designed main floor layoutExterior accessBuilt-in storageGenerously sized bedroomsMain floor bedroom
Zillow last checked:
Listing updated:
Listed by:
Kim Kreiss 507-848-8102,
EXIT Realty - Great Plains
Bought with:
Charity Ringnell
City Side Real Estate Inc
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6639982
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
Bedroom
- Level: Main
- Area: 110.88 Square Feet
- Dimensions: 11.2x9.9
Bedroom 2
- Level: Upper
- Area: 182.03 Square Feet
- Dimensions: 16.7x10.9
Bedroom 3
- Level: Upper
- Area: 218.94 Square Feet
- Dimensions: 16.7x13.11
Dining room
- Level: Main
- Area: 110.4 Square Feet
- Dimensions: 11.5x9.6
Foyer
- Level: Main
- Area: 55.93 Square Feet
- Dimensions: 11.9x4.7
Kitchen
- Level: Main
- Area: 133.28 Square Feet
- Dimensions: 11.9x11.2
Laundry
- Level: Main
- Area: 99.76 Square Feet
- Dimensions: 11.6x8.6
Living room
- Level: Main
- Area: 128.8 Square Feet
- Dimensions: 11.5x11.2
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Laundry: Electric Dryer Hookup, Main Level, Washer Hookup
Features
- Basement: Partial,Unfinished
- Has fireplace: No
Interior area
- Total structure area: 1,170
- Total interior livable area: 1,170 sqft
- Finished area above ground: 1,170
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: Attached, Concrete
- Attached garage spaces: 2
- Details: Garage Dimensions (24x28)
Accessibility
- Accessibility features: None
Features
- Levels: One and One Half
- Stories: 1
- Fencing: Full,Privacy,Wood
Lot
- Size: 0.26 Acres
- Dimensions: 75 x 150
- Features: Tree Coverage - Medium
Details
- Additional structures: Lean-To
- Foundation area: 1110
- Parcel number: 384500690
- Zoning description: Residential-Single Family
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Foundation: Stone
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1910
Utilities & green energy
- Electric: Circuit Breakers
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & neighborhood
Location
- Region: Sherburn
- Subdivision: Morgans Add
HOA & financial
HOA
- Has HOA: No
Other
Other facts
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 3/23/2026 | Sold | $137,500+139.1%$118/sqft |
Source: Public Record Report a problem | ||
| 1/2/2025 | Sold | $57,500-4%$49/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6639982 Report a problem | ||
| 12/18/2024 | Pending sale | $59,900$51/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6639982 Report a problem | ||
| 12/13/2024 | Listed for sale | $59,900+322.7%$51/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6639982 Report a problem | ||
| 8/18/2009 | Sold | $14,170$12/sqft |
Source:  Lake Superior Area Realtors as distributed by MLS GRID #1002682 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,516 +34.2% | $54,200 -19.8% |
| 2024 | $1,130 -9.3% | $67,600 +15% |
| 2023 | $1,246 +9.5% | $58,800 -11.4% |
| 2022 | $1,138 +11.1% | $66,400 +36.1% |
| 2021 | $1,024 +8.9% | $48,800 +29.1% |
| 2020 | $940 -52.1% | $37,800 -4.1% |
| 2018 | $1,962 +106.4% | $39,400 +1.8% |
| 2017 | $951 +17.4% | $38,700 +20.9% |
| 2016 | $810 +1% | $32,000 +1.6% |
| 2015 | $802 -5.9% | $31,500 |
| 2013 | $852 -14.5% | $31,500 -18.8% |
| 2012 | $997 | $38,800 |
| 2011 | -- | -- |
| 2010 | -- | $37,800 |
Find assessor info on the county website
Neighborhood: 56171
Nearby schools
GreatSchools rating
- NASherburn Elementary SchoolGrades: K-2Distance: 0.7 mi
- 5/10Martin County West Junior High SchoolGrades: 7-8Distance: 0.8 mi
- 6/10Martin County West Senior High SchoolGrades: 9-12Distance: 0.8 mi
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- Minnesota
- Martin County
- Sherburn
- 56171
- 505 S Lake St
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