Don’t miss this updated 3-bedroom, 1-bath ranch-style home in the heart of Lakefield—just blocks from schools, parks, and community spots.
The layout features main-floor laundry, a kitchen with plenty of storage, two bedrooms, and a comfortable living room. Main-floor bathroom has heated tile floors, and the kitchen offers under-cabinet lighting. The remodeled basement offers a large bedroom and a second living space—with plumbing rough-ins already in place for a potential second bathroom.
Outside, enjoy a cozy backyard, an attached garage with a new door (updated in 2021), and a large storage shed. Permanent outdoor lights add year-round charm.
Recent updates: new roof (2017), windows and siding (2020), waterproofed basement with radon mitigation (2021).
Whether you're starting out, downsizing, or just want a move-in ready home—this one's worth a look!
Closed
$159,000
518 Cherry St, Lakefield, MN 56150
3beds
1,718sqft
Single Family Residence
Built in 1974
6,359 Square Feet Lot
$160,800 Zestimate®
$93/sqft
$1,090 Estimated rent
Home value
$160,800
Estimated sales range
Not available
$1,090/mo
Zestimate® history
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$793/mo
Est. payment
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Est. payment
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List your homeWhat's special
Cozy backyardPermanent outdoor lightsRemodeled basementMain-floor laundry
Zillow last checked:
Listing updated:
Listed by:
Kortney Nesseth 507-840-2050,
Stan Sievert Agency
Bought with:
NON-RMLS
Non-MLS
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6762780
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
Bathroom
- Description: Main Floor Full Bath
Dining room
- Description: Eat In Kitchen
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Dishwasher, Microwave, Range, Refrigerator
- Laundry: Main Level
Features
- Basement: Finished
- Has fireplace: No
Interior area
- Total structure area: 1,718
- Total interior livable area: 1,718 sqft
- Finished area above ground: 1,148
- Finished area below ground: 570
Property
Parking
- Total spaces: 1
- Parking features: Attached
- Attached garage spaces: 1
- Details: Garage Dimensions (22 x 14)
Accessibility
- Accessibility features: None
Features
- Levels: One
- Stories: 1
Lot
- Size: 6,359 Square Feet
- Dimensions: 75 x 85
Details
- Foundation area: 1148
- Parcel number: 243210410
- Zoning description: Residential-Single Family
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Condition
- New construction: No
- Year built: 1974
Utilities & green energy
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & HOA
Community
- Subdivision: Griffins Add
HOA
- Has HOA: No
Location
- Region: Lakefield
Financial & listing details
- Price per square foot: $93/sqft
- Tax assessed value: $113,200
- Annual tax amount: $1,112
- Date on market: 7/28/2025
- Cumulative days on market: 4 days
Price history
| Date | Event | Price |
|---|---|---|
| 9/4/2025 | Sold | $159,000+2.6%$93/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6762780 Report a problem | ||
| 8/1/2025 | Pending sale | $154,900$90/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6762780 Report a problem | ||
| 7/28/2025 | Listed for sale | $154,900+222.7%$90/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6762780 Report a problem | ||
| 5/4/2007 | Sold | $48,000$28/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,166 -6% | $113,200 |
| 2024 | $1,240 -7.2% | $113,200 -0.1% |
| 2023 | $1,336 +6.7% | $113,300 +31.4% |
| 2022 | $1,252 +1.1% | $86,200 +19.4% |
| 2021 | $1,238 -1% | $72,200 -0.3% |
| 2020 | $1,250 +1.8% | $72,400 -2.9% |
| 2019 | $1,228 +1.2% | $74,600 +2.1% |
| 2018 | $1,214 | $73,100 +4% |
| 2017 | $1,214 | $70,300 |
| 2016 | -- | -- |
| 2015 | -- | -- |
| 2012 | -- | -- |
| 2011 | -- | -- |
| 2010 | -- | -- |
Find assessor info on the county website
Neighborhood: 56150
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Nearby schools
GreatSchools rating
- 6/10Pleasantview Elementary SchoolGrades: PK-K,4-5Distance: 0.5 mi
- 6/10Jackson County Central Middle SchoolGrades: 6-8Distance: 0.5 mi
- 8/10Jackson County Central Senior High SchoolGrades: 9-12Distance: 9.4 mi
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- Minnesota
- Jackson County
- Lakefield
- 56150
- 518 Cherry St
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