7585 Libke Rd, Side Lake, MN 55781

3 beds2 baths1,296 sqft

For Sale by Owner
$136,900
Zestimate®: $155,769
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My Notes

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House and Guest House for sale across the road from Side Lake, MN.
(7585 Libke Rd, in Side Lake, MN)
3 bedroom house with guest house and double plus garage, 1 acre of land, canal access to 5 lakes, 460 new trees planted. Guest House has a full bath, and kitchenette.
$17,000 new Septic system installed, updated plumbing, new water pressure tank, 2 new 50 Gallon Water Heaters, off peak electric, new water heater in Guest house also. New hardwood in living room of main house, new toilet and vanity in bathroom in main house. Both homes are 4 season homes.
New windows and shingles on guest house. Several other upgrades. Appliances are included in the price.
1,000's of flowers wild and gardened on the property. Large stone outdoor fire pit, humming birds, song birds, woodpeckers, deer, are all present. Partial secluded lot with easement to the canal connecting, Side Lake, Sturgeon, Little Sturgeon, West Sturgeon, and South Sturgeon. Walking distance to McCarthy Beach State Park. Quiet and comfortable. Across the road from Side Lake. Excellent lake getaway and/or retirement location also could be used as a lucrative rental. Investment win with the guest house being a year round rental, or combined rental with the main house. This property will always hold value, as it has during the last 5 years, despite other markets local and nationwide.
Rent: 850 per month thru April. 100/day May thru October. (Utilities not included)
Reduced Sale Price: $142,900
(Owner will finance at 5.75%, with a 25,000 down payment).
 

What I love about the home

A great place to have access to all the lakes in the area without paying lakefront premiums and taxes. Quiet, peaceful, and a great community.
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Facts

  • Lot: 1 acres
  • Single Family
  • Built in 1979
  • 104 days on Zillow
  • Views: 2,880 all time views
  • 9 shoppers saved this home
  • Cooling: Wall
  • Heating: Baseboard, Radiant
  • Last sold: Jul 2010 for $147,000
  • Price/sqft: $106

Features

  • Barbecue
  • Cable Ready
  • Deck
  • Fireplace
  • Flooring: Carpet, Hardwood, Linoleum / Vinyl
  • Lawn
  • Parking: Carport, Garage - Detached, Off street, 2 spaces, 720 sqft
  • View: Water
  • Wired

Appliances Included

  • Dryer
  • Range / Oven
  • Refrigerator
  • Washer

Room Types

  • Laundry room

Construction

  • Construction quality:
    8.0
    Provided by the county assessor, this grade is based on a scale that varies by market. For more information, or to update the grade, contact the county assessor's office.
  • Roof type: Shake Shingle
  • Stories: 1
  • Structure type: Other
  • Unit count: 1

Other

  • Floor size: 1,296 sqft
  • Heating: Electric, Gas
  • Laundry: In Unit
  • Parcel #: 370003000040
  • Zillow Home ID: 61585652

Zestimate Details

Zestimate
A Zestimate home valuation is Zillow's estimated market value. It is not an appraisal. Use it as a starting point to determine a home's value. Learn more

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$155,769
-$51 Last 30 days
$137K
$185K
Zestimate range
Rent Zestimate A Rent Zestimate is Zillow's estimated monthly rental price, computed using a proprietary formula. It is a starting point in determining the monthly rental price for a specific property. Learn more

The Rent Range is the high and low estimate for which an apartment or home could rent. The more information we have, the smaller the range, and the more accurate the Rent Zestimate. See data coverage and accuracy table
$1,051/mo
+$61 Last 30 days
$715
$1.5K
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Comparable Homes

Homes like this sold for $218-290K.

$190K
$320K

Popularity on Zillow

1,179 views since listing
2,880 all-time (chart)
9 shoppers saved
this home to their list of favorites

Mortgages

Neighborhood: 55781

Zillow predicts 55781 home values will fall 2.9% next year, compared to a 1.1% fall for Side Lake as a whole. Among 55781 homes, this home is 26.3% less expensive than the midpoint (median) home, and is priced 41.3% less per square foot.

Foreclosures will be a factor impacting home values in the next several years. In 55781, the number of foreclosures waiting to be sold is 88.1% greater than in Side Lake, and 20% higher than the national average. This higher local number may prevent 55781 home values from rising as quickly as other regions in Side Lake.

Learn more about forecast calculations or 55781 home values.
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    Nearby Schools in Side Lake

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    Disclaimer: School attendance zone boundaries are supplied by Maponics and are subject to change. Check with the applicable school district prior to making a decision based on these boundaries.

    Data by GreatSchools.org