Does this property have an HOA?

No, this property does not have a homeowners association.

What are the annual property taxes?

Annual property taxes are $3,432 (2025).

What school district is this property in?

This property is in the 2448 - Martin County West school district.

Does this home have a garage?

Yes, this home has a 3-car garage.

How long has this property been on the market?

This property has been listed for 45 days.

Listed at

$237,500

$88/sqft

Morgans Add

509 S Lake Street, Sherburn, MN, 56171

3 Bedrooms3 Bathrooms2,705 Square Feet0.258 Acres

Days on market45

Year built1910

Garage spaces3

TypeResidential

Est. $4,125buyer credit when you buy with SODL

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About this home

Welcome to this stunning 3-bedroom, 3-bathroom home perfectly situated on a premium corner lot. Boasting exceptional curb appeal with recently updated siding and roof, this turn-key residence offers long-term value, modern character, and complete structural peace of mind. Inside, the beautiful, fully renovated kitchen serves as the vibrant heart of the home. It is complemented perfectly by a quiet, dedicated den/office space ideal for remote work, alongside comfortable private bedrooms and a versatile bonus room tailored for your lifestyle needs. Designed for effortless entertainment, the finished lower level features a custom downstairs bar for hosting guests. Step directly outside onto the newly built decks overlooking an expansive, fully fenced-in yard—a private oasis for relaxation that completes this remarkable property.

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Home facts

Property typeResidential

Property subtypeSingle Family

Year built1910

LevelsOne and One Half

Living area2,705 sqft

Above-grade finished1,754 sqft

Below-grade finished951 sqft

Lot size0.258 acres (150x76)

Days on market45

ListedAug 14, 2026

MLS #NST7127727

CountyMartin

SubdivisionMorgans Add

Parcel #384500680

Facts & features

Interior

Bedrooms: 3
Bathrooms: 3
Bath breakdown: 1 full / 2 3/4
Heating: Forced Air
Cooling: Central Air
Basement: Finished · 951 sqft finished

Property

Levels / stories: One and One Half
Garage: 3 spaces · 1,248 sqft
Parking features: Attached Garage
Exterior features: Vinyl
Lot size: 0.258 acres
Lot dimensions: 150x76

Construction

Property type: Residential
Property subtype: Single Family
Foundation: Block · 1,849 sqft
Year built: 1910

Utilities

Water: City Water/Connected
Sewer: City Sewer/Connected
Fuel: Natural Gas

Community & HOA

Subdivision: Morgans Add
HOA: No HOA
School district: 2448 - Martin County West
High school district: Martin County West

Financial & listing details

Annual tax: $3,432 (2025)
Listed: Aug 14, 2026
Days on market: 45
Manufactured home: Yes

Interior details

Total bathrooms3

Full baths1

3/4 baths2

Half baths0

1/4 baths0

BasementFinished

HeatingForced Air

CoolingCentral Air

AccessibilityNone

Exterior & lot

ExteriorVinyl

FoundationBlock

Foundation area1,849 sqft

ZoningResidential-Single Family

Utilities

Water sourceCity Water/Connected

SewerCity Sewer/Connected

FuelNatural Gas

Parking & garage

ParkingAttached Garage

Garage spaces3

Garage size1,248 sqft

Financial details

Annual taxes$3,432

Tax year2025

Taxes w/ assessments3432

Assessment pendingUnknown

Down payment resourceYes

Lender ownedNo

Short saleNo

ForeclosureNo

Schools

District2448 - Martin County West

District number2448

District phone5077288276

High schoolMartin County West

SODL flat fee brokerage

$4,125Estimated buyer credit

SODL platform fee $3,000Your buyer credit $4,125

Buyer-side commission

3.0%

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

$1,613/mo

Principal & interest$1,248

Property taxes$286

Home insurance (est.)$79

Down payment

$47,500

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.