Listed at
$565,000
$304/sqft

27431 340th Avenue

27431 340th Avenue, Underwood, MN, 56586
4  Bedrooms2  Bathrooms1,856  Square Feet0.52  Acres
Days on market51
Year built1935
Garage spaces2
TypeResidential
Est. $13,950buyer credit when you buy with SODL
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About this home

East Lost Lake living with everything you could ask for! A deep, level lot with a nice sandy beach/play area. When the sellers purchased this property in 2015, they took the cabin down to the studs. All new wiring, new plumbing, insulation, sheetrock, new bathroom, new kitchen, new windows, new siding. Everything updated! Then in 2017 they added an 18'x22' covered patio with a vaulted wood ceiling. It's a perfect place to enjoy the lakeview and the gorgeous sunsets. New shingles on home in 2018 with all new rain gutters with leaf guards. In 2019 a major project! Not just a garage, but a 24' x 48' shouse. Insulated, sheetrocked with 2 bedrooms and a 3/4 bath. They have used the remaining finished area as a family room/game room/kitchenette and there is still room for a vehicle or two. When the garage door is up there is a custom pull down screen door that keeps the bugs out! At the top of it all is a 10' x 48' loft that can be used as a family room, office space or additional sleeping space. A fish house was converted into a Tiki Bar. This fun addition is a family favorite for enjoying a cold beverage or just chilling out. East Lost Lake connects to Deer Lake and also the Otter Tail River so you can enjoy lots of water/lake time. This is a move-in ready, unique lake place.

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Home facts

Property typeResidential
Property subtypeSingle Family
Year built1935
LevelsTwo
Living area1,856 sqft
Above-grade finished1,856 sqft
Below-grade finished0 sqft
Lot size0.52 acres (50x400)
Days on market51
ListedMay 8, 2026
MLS #NST7070295
CountyOtter Tail
Parcel #57000010007003

Facts & features

Interior

Bedrooms
4
Bathrooms
2
Bath breakdown
2 3/4
Heating
Baseboard, Space Heater
Cooling
Ductless Mini-Split, Window Unit(s)
Appliances
Electric Water Heater, Range, Refrigerator, Water Softener Rented

Property

Levels / stories
Two
Garage
2 spaces · 24x24 · 576 sqft
Parking features
Gravel, Floor Drain, Finished Garage, Garage Door Opener, Heated Garage
Patio & porch
Covered
Exterior features
Cedar, Cement Board
Pool
None

Construction

Property type
Residential
Property subtype
Single Family
Construction materials
Frame
Foundation
Slab · 1,376 sqft
Roof
Asphalt
Year built
1935

Utilities

Water
Drilled
Sewer
Septic System Compliant - Yes, Tank with Drainage Field
Fuel
Electric
Electric
Circuit Breakers

Community & HOA

HOA
No HOA
School district
550 - Underwood
High school district
Underwood

Financial & listing details

Annual tax
$1,775 (2026)
Tax with assessments
1860
Listed
May 8, 2026
Days on market
51 · 40 cumulative
Manufactured home
Yes

Interior details

Total bathrooms2
Full baths0
3/4 baths2
Half baths0
1/4 baths0
BasementNone
HeatingBaseboard, Space Heater
CoolingDuctless Mini-Split, Window Unit(s)
LaundryMain Level
AppliancesElectric Water Heater, Range, Refrigerator, Water Softener Rented
DiningBreakfast Bar
AmenitiesDock, Patio, Washer/Dryer Hookup
AccessibilityNone

Exterior & lot

ExteriorCedar, Cement Board
RoofAsphalt
FoundationSlab
Foundation area1,376 sqft
Patio/porchCovered
Lot featuresAccessible Shoreline, Tree Coverage - Light
Road frontageNo Outlet/Dead End, Unpaved Streets
Road responsibilityPublic Maintained Road
ZoningResidential-Single Family

Utilities

Water sourceDrilled
SewerSeptic System Compliant - Yes, Tank with Drainage Field
FuelElectric

Parking & garage

ParkingGravel, Floor Drain, Finished Garage, Garage Door Opener, Heated Garage
Garage spaces2
Garage size576 sqft

Financial details

Annual taxes$1,775
Tax year2026
Taxes w/ assessments1860
Assessment pendingNo
Down payment resourceYes
Lender ownedNo
Short saleNo
ForeclosureNo

Schools

District550 - Underwood
District number550
District phone2188266101
High schoolUnderwood
SODL flat fee brokerage
$13,950Estimated buyer credit
SODL platform fee $3,000Your buyer credit $13,950

How SODL buyer credits work

When you buy with SODL, the brokerage charges a flat $3,000 platform fee at closing. The remaining buyer-side commission (typically 3% of the purchase price) is credited directly back to you at closing, reducing the cash you bring to the table.

  • Tour homes with SODL’s flexible showing network
  • Submit offers and manage your transaction through the platform
  • Keep more money at closing through transparent flat-fee pricing

A clear, modern way to buy with expert guidance and meaningful savings.

Estimated monthly payment

$3,306/mo
Principal & interest$2,969
Property taxes$148
Home insurance (est.)$188
%
$113,000
0%50%
Credit score
Loan term

These payment estimates are for illustration purposes only and may vary based on your lender, interest rate, credit profile, down payment, taxes, insurance, and loan terms. For a more accurate monthly payment estimate, speak with your lender or connect with SODL’s preferred lending partner.

Location

27431 340th Avenue, Underwood, MN, 56586

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Listing information

MLS #NST7070295
StatusClosed
Last updatedJun 29, 2026, 5:56 PM
Originally listedMay 8, 2026, 3:19 PM
Listing officeTrilogy Real Estate

Listing information provided courtesy of the MLS. This information is deemed reliable but is not guaranteed.

Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.